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