NFTs (ERC-721) (1)

notion image

Properties

Unique (stored on token metadata)

Provably Scarce

Indivisible

Guarantee ownership

Easily Transferable

Fraud proof

ERC-721 VS ERC-20 VS ERC-1155

ERC-20: fungibility, each individual unit is interchangeable and indistinguishable from each other 我爸/我妈给我的BTC是一样的

ERC-721:NFTs

ERC-1155: Both Fungible/Non-Fungible(WoW)

NFT Games & Marketplaces & Domains

Games: CryptoKitties, Decentraland, Somiumn Spac

Marketplaces: Opensea, Rarible, NBA TopShot(Sports-topic), Decentraland(NFT parcel - digital land)

Domain Names: .ETH / .Crpto

Famous NFT

Crptopunk

June 2017, 24*24 pixel
Aug 2021, Visa adds punk to collection pad
Christie’s, Sotheby’s Auction

PFP(profile picture) Mania

BAYC(Bored Ape Yacht Club)
Cool Cats
Pudgy Penguins
World of Women

notion image

Generative Art

Intersection of Art and Code
RandomSVG/Algorithmically generated Art/用户会感觉自己参与了艺术创作过程(Minting ends up with different artworks)
Autoglyphs(算法会导致其中一些piece更加稀有!
Art Blocks Curated: Arter - Coder

Metaverse

Decentraland
EtherRock

Usage

Collateral / NFT Collateralized Loans: Barrow放出艺几种NFT, lender选择一种作抵押，这种抵押品会被kept in Escrow Contract, 违约时交付给了lender

Problems:

Markets for Particular Token is very often illiquid, which makes the price discovery process tricky