In just one year, DeFi has formed a complete ecosystem of DEX, lending, stable coins, oracles, derivatives, cross-chain bridges, etc., and is constantly moving towards energy aggregation on the basis of traffic. And this year, NFT has further accelerated the speed of ecological aggregation. At present, the track can be said to be full of flowers, from NFTFi to GameFi, encrypted avatars, and then to Loot trendy... This kind of expansion of the latitude from the essence of Fi, from kinetic energy to potential energy Derivative transformation , deducing the huge demand for value attribution, unique confirmation of rights and asset liquidity expressed from off-chain assets to on-chain.

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Axie Infinity madness, GameFi blowout

Play to earn brought by Axie Infinity successfully ignited the GameFi boom and became a must-have topic in various occasions in the circle. It has to be said that inheriting the essence of mining in the DeFi boom last year is the key factor for its success. The difference between the two is that the DeFi project first leverages the richness and liquidity of assets, and it is more about the encryption natives, while the game mode of GameFi can be said to be closer to the traditional game client, with the mode of earning while playing Attracting more aborigines from the Internet to enter. A set of data shows that its DAU was 800,000 in July and exceeded 1.5 million in August, achieving a double-level growth. This has also continuously pushed up the transaction flow of Axie Infinity. In August, the cumulative transaction volume was nearly 1 billion US dollars, and half of the total cumulative transaction volume was created this month.

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The Future of Decentraland in the Metaverse

To be honest, the sense of the future of the metaverse is still very illusory, and many ideas are nothing but mirages and self-imaginings. But under the coercion of capital from all walks of life, the fantasies of the metaverse became out of control. It will serve as a platform where virtual activities can be performed, where users can engage in social and spiritual activities such as socializing, entertainment, creation, presentation, education, and trade. In this new world full of imaginative space, it will break through the blockchain industry, linkage technology, Internet, games, art and other industries to jointly promote. But at this stage, the Metaverse will still take the concept first, and even continue to reinvent the wheel, and add virtual reality. The Metaverse will exist as a beautiful vision for a certain period of time, even if round after round of innovative practices occur.

From the perspective of blockchain practice, the development of metaverse has three stages. The first stage is games and social interaction. The second stage is to map finance, consumption, and life services in the physical world. The third stage is Stage inside Ready Player One. We are currently in the early stages of 1, and among them, Decentraland can be said to be a cutting-edge practice of metaverse + games. Decentraland is a 3D virtual world, a decentralized VR platform based on Ethereum. Users have full control over the content environments and applications they create, which can range from any static 3D scene to more interactive applications or games.

Users can build virtual worlds, play games, explore NFT art museums, attend live concerts, and engage in other social activities. Founder Esteban Ordano revealed that with Decentraland, we are creating an ecosystem that combines the realization of many solutions on cryptocurrencies with the soon-to-be-mass-adopted VR system. The result is a social 3D world with a primitive economic network , the NFT virtual asset called Land will become an important medium to stir up the economic and ecological operation.

Loot is just the beginning of innovation in the NFT paradigm

It's hard to imagine, it's just a TXT text file with a few lines, shouting "For adventure's Loot" to start a new campaign. In just five days, the project created sales of 46 million US dollars and a total market value of 180 million US dollars. Then, various Loot-like 8-line text TXT began to become popular on various social platforms. Even V God, the founder of Ethereum, praised Loot on Twitter for being open source and effectively accepting outsiders to build an ecology on its network.

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Encrypted profile picture CryptoPunk singing all the way

Cryptopunk dominates the top three in the encryption list and has no intention of giving up. Recently, there have been constant news and good news about the track. Reddit founder Alexis Ohanian has bought 7 CryptoPunks that look like his wife. According to data from larvalabs yesterday, 34 Cryptopunks NFT avatars were intensively sold in about two hours, and the transaction volume exceeded 12 million US dollars, Cryptopunks cumulative 24-hour turnover reached 22.9 million US dollars, an increase of more than 10 times from the previous day. In addition, the floor price of the Cryptopunks NFT resale market is also rising.

It is understood that in just two months, the NFT avatar market has soared a hundredfold. Attracted by the huge wealth effect, the production and sales of NFT avatars are becoming more and more popular. The upsurge in the NFT field has added fire. In addition to the influence factors of wealth and IP effect, analyzing the value of the avatar itself, each avatar represents a digital identity, which will be a rigid demand in the future value network and metaverse, while scarcity and high prices are not related to the circle It is associated with the identity attribute of the avatar, which represents a need for social and identity value, and then there is the collection attribute of the avatar, which is like a domain name in the Internet world. Using the avatar as a collectible asset or a long-term value configuration for future needs may also be One of the considerations for buying collectors. Of course, not all NFTs have collection value. Under the stimulation of bubbles and Fomo, there are also many digital garbage NFTs.

In addition to the representative projects of each track mentioned above, there are many emerging projects that are constantly breaking through, such as NounsDAO, which will pseudo-randomly generate images, combined with auctions, community governance and a novel rendering technology, each NFT is called It is a Noun (noun), and a Noun will be minted every day for an unlimited duration. Many public chains have also spared no effort in NFT layout, such as Hero, which has launched Grant support and incentives, developer Hackathon, Heco game accelerator special and so on. In short, the continuous maturity of emerging public chains, the accelerated expansion of Lay2 solutions, and the exploration and innovation of project parties will push NFT into the fast lane and usher in a new wave.