An Introduction on X NFT Market
Currently, X NFT Market, the native NFT trading marketplace of X Metaverse, is already under development. When the development is completed, X NFT Market will also be integrated in X Metaverse as a building in addition to the Web APP, creating a smooth experience for X Metaverse users.
💬 Why NFT and Metaverse?
In terms of value, as the darling of today’s crypto market, NFT has an overall market cap of $16.526 billion as of February 15, with nearly $300 million in trading volume every 24 hours. Whether you’re a proponent or a detractor, you can’t ignore the immense power that NFT carries.
But that’s not the whole story
From the time Cryptopunks brought art to the blockchain and formed the NFT, the NFT took on a much more significant meaning.
Before the advent of NFT, an artist’s work often did not have its value until after his or her death. This is because the value of an artwork comes from its scarcity, and the artist’s continuous creation will instead dilute its scarcity. NFT, on the other hand, ensures the uniqueness and scarcity of the artwork by uploading it onto the blockchain and encrypting it, hence reflecting the value of the artwork.
This is not only the progress of the artwork business, but also the progress of blockchain technology.
Through blockchain technology, reality is connected to the network, and blockchain is used to influence reality, to promote the progress of reality, and to even create reality. NFT is actually the materialized product of the metaverse idea.
The key to realize the real metaverse, to bring the metaverse closer to reality, and even change reality and influence reality lies in NFT. Therefore, the current technology giants such as Twitter, Facebook, Instagram, etc., have made NFT product development a core part of their development since then.
💬 Why X NFT Market?
As a team that built a blockchain metaverse product, X Protocol has its own advantages, both in terms of understanding and technical aspects.
OpenSea is the world’s largest NFT trading marketplace and one of the biggest winners of the NFT industry explosion, but has faced criticism since the end of last year for its lack of community focus, centralization, and increased competition.
These issues are also an old cliché in the development of blockchain industry, and X NFT Market is currently working to address these potential problems and making some progress.
As the X Metaverse’s native NFT trading marketplace, X NFT Market can accomplish synergy with the X metaverse through a common underlying protocol, enabling virtually latency-free, low-fee transactions while guaranteeing absolute security through the X metaverse.
The are few things you must know of about X NFT Market
💻The senior X Protocol technical team has launched a hacking contest with a $500,000 bounty, and no one has succeeded in finding bugs within the X Protocol network. Therefore, X NFT Market has a good enough code structure. It will be the smoothest and lowest fee NFT trading market.
💰Besides leading in technical aspects, the biggest advantage of X NFT Market compared to other trading markets such as OpenSea is the multi-chain parallel architecture. The NFT traded on X NFT Market can be minted in multiple chains, besides Ethereum and Polygon, there are also BSC, HECO and OKX. This not only allows users to choose multiple public chains in one platform, but also enhance X NFT Market’s influence with the rich ecology of multiple public chains.
🎮As a native trading marketplace on X Metaverse, X NFT Market will offer NFTs that are exclusive to X Metaverse. These limited edition NFTs can not only be traded on the marketplace, but can also be used as props in X Metaverse Gamefi. This type of NFT can greatly improve the user’s gaming experience in X Metaverse and has the probability of gaining more revenue.
👨🔬In the future, X NFT Market will introduce VR and AR technologies and become the first NFT trading market to build XR ecology.
At the same time, X NFT Market will also become one of the major use cases of $POT. What can be expected is that the addition of X NFT Market will add new liquidity to X Metaverse and provide a constant source of vitality.
X NFT Market will be benchmarking OpenSea and become the core segment within the X Metaverse landscape, dedicated to becoming the number one embedded NFT trading market in the metaverse space.
About X Protocol
X Protocol is the first metaverse+ application portal programmed using RUST language with source-generated gameplay and land economy model.
It also provides low-cost access to the Metaverse for DAPPs on heterogeneous chains, sharing X Protocol’s users while making the X Protocol ecosystem more prosperous.
X Protocol will strive to become the “Ready Player one”’s World + STEAM platform in the blockchain space.
X Predict Market is a decentralized -APP cross-chain prediction platform on X Protocol.
It is designed to provide diversified, automated, safety-oriented, high-yield, socialized forecasting services, allowing users to freely initiate predictions and governance of real events, discuss and participate in incentive programs!
Please click the following links for further information about the X-Protocol