As an emerging technology field, Web3 is full of infinite possibilities, and can NFT once again set off an upsurge in industry development?

Looking back on the first year of NFT in 2021, from no one cares about it to everyone knows it was selected as the annual word of the "Collins Dictionary". With both encryption and cultural attributes, NFT has attracted people who have never paid attention to NFT or even the encryption industry before. This not only makes NFT undergo several changes in just one year, but also drives the rapid development of the encryption field.

Looking back at the past 2022, in the crypto bear market cycle, all tracks are relatively sluggish compared to last year's bull market, and NFT is no exception. we are at"Annual NFT Market Review, Is the NFT track the best choice for developers in 2023?" "This article summarizes the annual development trend from the data dimension. It can be seen that although NFT is affected by the overall market environment, the development of NFT still shows a spiral upward trend, and technology and products have been better accumulated and precipitated.

Looking into the future, what are the popular trends of NFT? How can developers seize the potential of NFT? The thirteenth issue of TinTin Weekly invited Shier, co-founder of NFTScan, the NFT track project party, Chari, founder of Read 2 N, David, CEO of Nulink, Anna of Yumi NFT Marketplace BD, and Sam, community administrator of LooksRare,first level title

From the data dimension, the development trend of the NFT market

secondary title

NFT is still in an incremental market

secondary title

Enhanced practicality of emerging NFT projects

However, it is worth noting that emerging NFT projects are no longer dominated by avatars, which are more valuable for collection than practical, in the past two years, but have turned to practical projects with strong data attributes. For example, the NFT Pass that combines NFT with some kind of identification and proof of rights and interests, the person holding the Pass card can be identified as a member of a certain group, or the NFT of decentralized identity DID. The common feature of these NFTs is that after issuance, they are practical for frequent transactions and have actual on-chain application scenarios.

first level title

Starting from practice, NFT project deployment guide

secondary title

Choosing the Right Ecosystem: How IC Can Empower NFT Projects

An ecology suitable for project development is crucial to project development. For NFT projects, factors such as the throughput of the network, transaction fees, and transaction information storage need to be considered. BD Anna, the Yumi NFT Marketplace project built on the Internet Computer (hereinafter referred to as IC) ecology, shared with you the valuable experience of the project in selecting ecology and deploying projects.

Anna first introduced the IC public chain to everyone. IC is a Layer 1 blockchain project launched by the DFINITY Foundation. The project has been a public chain privately funded since 2017. After 4 years of research and development, the main network will be officially launched in 2021. It is a public chain with technological innovation. It adopts new technologies and new architectures such as Chain-Key, reverse Gas model, and NNS. It has the characteristics of anti-tampering, fast speed, and a scale that can reach billions of users worldwide. Under technological innovation, it has the following advantages for the construction of NFT projects:

• NFT application costs are low.Utilizing the reverse Gas model, whether users mint NFT, use DEX, or participate in SocialFi or Metaverse, users will not be charged upfront fees, and IC is much cheaper for users than Ethereum.

• NFT storage is safe and low-cost.It has a unique container smart contract (Canister), which breaks the data storage cost barrier. Each container has a certain amount of running memory, and the business database can run on the IC, making it easy to store NFT source files on the chain.

• NFT is completely decentralized on the chain.Through container smart contracts, the content of NFT source files is stored on the chain, allowing holders to safely enjoy NFT digital assets.

secondary title

Solve compliance issues and help the sustainable development of NFT projects

secondary title

Reasonable platform trading mechanism to ensure NFT liquidity

first level title

Under the digital asset revolution, where is NFT heading?

secondary title

Explore the value of NFT

secondary title

Innovate more NFT gameplay

In fact, the current mainstream projects should be blue-chip NFT projects, that is, the projects are usually endorsed by well-known brands or figures, and have high market value and stability. They use NFT for liquidity management, such as solving problems with the help of decentralized finance (DeFi), and NFT-Fi was born.

first level title

The upsurge of NFT requires developers to promote technological innovation

The more it is during the bear market, the more it is an excellent time for technology accumulation and accumulation. Thanks to the guests of this issue of TinTin Weekly for their wonderful sharing. Based on their own project practice, they analyzed the current overall trend of NFT project construction from finance to practicality, as well as NFT’s innovation in gameplay, project deployment, and compliance development. etc. some insights.And with the rise of more and more NFT projects with practical value and technical prospects, it is expected that NFT will create more possibilities for the encrypted world.