NFT 2.0: The Next Evolution in NFTs
23 Diciembre 2021 - 6:00AM
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It’s time for NFT 2.0. Those who have not dipped their toes in NFT
1.0 already may say that NFT 2.0 came too quickly, but non-fungible
tokens do have the capacity to surprise. If 2021 was a milestone
for NFTs, 2022 and beyond will be its technological seven-mile
step. Considering that a handful of the NFT 2.0 projects are now
fighting for a place in the global spotlight, we have picked out
and covered the most interesting among these, so make sure you
check them out below! Shooting High with CXIP CXIP (pronounced
“chip”) is a marketplace-agnostic NFT minting platform that wants
to put the power back into the hands of NFT creators. CXIP seeks to
solve an age-old problem with the royalties being locked to the
platform on which you mint your NFTs. In other words, if you try to
take your OpenSea NFT and sell it on a different platform, the
original creator on OpenSea will not get royalties. To achieve
this, each NFT minted on CXIP will be fully covered by a personal
smart contract, copyrighted, and be given proof of provenance. This
is what enables CXIP’s key feature – its PA1D system that makes
sure the creators have full control of their NFTs and get royalties
no matter where they are sold. CXIP aims to imbue each minted NFT
with an air of authenticity and greatly improved commercial
potential. As such, it hopes to profit from the rise of the
metaverse in which the best among the NFTs will become rare and
luxury items, not unlike anything made by Chanel or Rolex brands.
Infinity Is the Limit Now for something a bit different compared
with CXIP – Infinity is all about NFT discovery and evaluation. It
is a community-owned NFT marketplace whose mission is to
organically support an ecosystem in which the NFTs are developed,
owned, and traded with the help of a DAO-controlled system.
Infinity posits itself as a viable alternative to OpenSea and its
more centralized brethren such as Rarible, with a bonus feature of
having a treasury and a dedicated protocol. Infinity also supports
‘programmable NFTs’, which many claim are the next evolution in NFT
utility. What sets Infinity apart from its immediate competitors is
the opportunity for all those who make transactions on the platform
to profit directly from that platform’s future success. Infinity
will take a 1.5% transaction cut for each NFT purchase and sale and
forward it to its community-run treasury. In turn, this treasury
will support the platform’s development which, again, should
translate into personal benefits for each member of its community.
Its native $NFT token is the main cog in its wheel of
protocol-driven control, governance, and treasury. In addition, its
holders will get early access to special discounts, features, and
NFT drops. To broaden its appeal and community-focused credentials,
Infinity will also offer lower transaction fees compared to its
competitors. Once the marketplace secures stable enough liquidity,
Infinity will start introducing new features such as those used for
fractionalization, 3rd party integrations, and evaluation.
Tokenized Music, Games and Esports with Tezos Tezos has built a
name for itself as a decentralized open-source blockchain, but did
you know that they are carving a niche in the NFT space as well?
With substantial blockchain experience under its belt, Tezos wants
to become a sustainable platform for artists, organizations, and
entertainers who have recently jumped on the NFT bandwagon. One of
these heavy hitters is game giant Ubisoft, whose games will be now
peppered with Digits – collectible pieces from its various game
worlds. Touted as the “first NFTs playable in AAA games”, these
Digits will take the form of in-game items such as vehicles and
weapons. Early adopters on the new platform called Ubisoft Quartz
will gain access to NFT drops and other rewards, with Tezos serving
as the technical foundation based on its impressive
energy-efficient features. Mike Shinoda of the famous rock band
Linkin Park has also placed his trust in Tezos as an engine that
powers his NFT music project called Ziggurats. It encompasses a set
of 5,000 mini mixtapes with unique NFT cover art and music, yet
with the same lyrics. Tezos’ push into the NFT world is now
encompassing the gaming realms as well. This blockchain provided
the technical backbone for the NFTs of the EVE Online Alliance
Tournament XVII. A curiosity: these NFTs were a testament to
the players’ skill in what is described as “NFT collectible kills”.
Finally, the NFT marketplace Rarible has recently announced its
integration with Tezos. This means that its NFTs will now be a part
of the Rarible marketplace which will also support the project
launched on this blockchain in the future. Photochromic’s
Proof-of-Life Now, PhotoChromic is a rather unique project, even in
the NFT world in which uniqueness is the name of the game. Launched
in 2020, it is an identity verification solution that employs NFTs
as personal identifiers on the blockchain. Combining the
governmental ID and biometrical data as proof of your identity,
Photochromic creates a proof-of-life system in which your very
identity becomes a secure and tamperproof NFT. Thus designed, your
personal NFT serves as a full-blown ID document, which is used to
link you to ownership of digital and physical assets, for example.
Security is essential if this project is to succeed, which is why
the team behind the project sees it as a solution to two equally
important issues – privacy protection and identity theft. The
problem with privacy is made even worse with corporations getting
rich by using people’s personal data. Instead of this, Photochromic
offers full NFT tokenization of your identity with the final result
being the set of easily managed and programmable personal ID data
that is left in full control of its owner. This means that it
cannot be sold to third parties and the access for the purpose of
verification is done on-chain only. Conclusion NFTs are an emerging
technology and their use cases are evolving hand-in-hand with their
technical capabilities. The projects we presented above have the
power to change the way we interact with online content, games,
music, and marketplaces as consumers. With an expanding set of
applications, NFT 2.0 will easily find its place in times of
increasingly merged virtual and physical realities, promising many
exciting things to come from the communities and projects blooming
under the NFT canopy.
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