In 2021, the NFT ecology will show a booming scene of prosperity, and the mainstream market will also begin to embrace the NFT boom. From the Dunhuang Flying Apsaras and Nine-Colored Deer skins launched by Alipay in June to the recent Tencent airdrop of "QQ Penguin Head", NFT has continued to break through the niche circle and enter the public eye. However, at this stage, the development of NFT is immature at the regulatory level, and there are many controversies in the value determination. Therefore, how to realize the appreciation of NFT assets is one of the focuses of the current market.

Regarding the current liquidity pain points in the NFT market, many teams have poured into the track with different solutions. On the afternoon of the 25th, Blocklike invited NFT ecological builder Pacific to be a guest in the AMA live broadcast room. Pacific CMO Spohie shared with you how Pacific, as an NFT trading platform, helps users realize asset appreciation.

Common problems in the NFT market

With the continuous growth of the NFT market and the increase of new users, the liquidity problem of NFT has become prominent. At present, the NFT market lacks a clear pricing mechanism, and it is difficult to form a standard system for asset value evaluation, which has brought many negative effects. The "Securities Times" once published an article stating that there is a huge bubble in the current NFT works transaction. Many players focus on the form of NFT, rather than the work or the asset itself. Once the market heat is relatively reduced, the value of the assets attached to the NFT will also increase Big discount.

In this interview, Spohie said that there are currently two main problems in the NFT market. One is the contradiction between the high Ethereum handling fee in the public chain market and the growing demand of the NFT market; the other is the poor liquidity of NFT assets. To solve these two problems, the market will establish a value-added system and a solution to the new order of NFT.

Exploration of the implementation of user asset value-added system

After users purchase NFT, whether its value can increase is one of the hidden worries of users holding NFT. On this basis, the industry has derived different solutions to the problems of NFT's low liquidity and high handling fees.

1. Cross-chain mechanism

Cross-chain technology is considered an emerging technology that allows value and information to be transferred between blockchains. Through cross-chain transactions, the market can meet every possible NFT transaction demand. In other words, the more blockchains where NFTs are available, the greater the chance of capturing additional users and network value. At present, most NFT trading markets only have a single on-chain transaction, and Pacific, as Polkadot's native cross-chain project, can well make up for this deficiency. Based on this advantage, Pacific can realize the convenient and efficient purchase and destruction of NFT on multiple blockchains such as Etheruem / Polkadot / Kusama. In addition, compared with other NFT trading platforms, it will also have a smoother and freer participation experience.

2. NFT DEX building tool

NFT exchanges provide an important source of liquidity for the global NFT market, facilitating billions of dollars in trading volume every day. With the expansion of this market, leading trading platforms continue to expand their scale and innovate asset trading functions based on DEX to meet users' demand for asset liquidity. There are platforms that provide developers with DEX construction tools, enabling developers to allow users to build their own projects based on blockchain digital assets. In this regard, Pacific allows users to build their own NFT decentralized exchange - PacificStore (a module that has won the eighth quarter funding of the Web3 Foundation), thus providing developers with a powerful set of NFT DEX construction tools. The platform allows project parties to build their own NFT DEX, and the NFT obtained by users in the game can be traded and auctioned in these DEXs.

3. Price evaluation system

In terms of price evaluation, the industry currently conducts dynamic price evaluation through the parliament to realize the discovery of NFT asset prices and determine the value of NFT assets. Pacific has also established an evaluation system for its platform in this regard. Based on its DEX design, it has become the basis for non-homogeneous token liquidity with similar technical means. At the same time, Pacific will realize the mortgage of NFT asset packages based on price discovery, release liquidity, and use it in a series of derivative financial scenarios such as convertible bonds and over-collateralized loans.

4. Asset management value-added

The last solution is asset management, which uses platforms, technologies, and structures to provide cryptocurrency investment services to existing customer groups to achieve optimal management of user assets. It is reported that Pacific has made innovative deployments in this business and launched the Metaverse and GameFi asset custody platforms. Users can store GameFi assets in a decentralized manner in Pacific. The platform side replaces the user to complete the income task in the game, and then chooses to recover the assets and obtain the generated income according to the liquidation cycle.

According to the latest data, Pacific’s GameFi has hosted more than 1,000 AXIS babies. Its built-in treasure function will be able to clearly display the status of assets pledged by users, including the number of babies, assets deposited in the custody pool, and daily income. It is reported that they will launch the GameFi mining pool in the next stage to further enrich the scenes of GameFi and NFT assets and optimize capital efficiency. For the industry, its "Metaverse + GameFi" model has become a new lever for asset appreciation.

As an NFT trading platform across multiple chains, Pacific has entered the NFT closed-loop ecology from four industry solutions. Its unique liquidity mining design will integrate innovative assets in DeFi and NFT, allowing more platform coins to function as liquidity incentives and allow users to collect more NFT assets that are really needed, further injecting liquidity into the NFT market .

Behind the "everything can be NFT", it is not difficult to find that these intangible assets were difficult to be reasonably priced in the past, or may not have the value of being traded, but now with the development of the market, there are more possibilities.