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Buidler DAO: Must-read articles and in-depth thinking on NFT narrative exploration
Summarized by AI
Original title: "Buidler DAO Locust Collection (14): A must-read article for NFT narrative exploration"
Original source: Buidler DAO
A quick overview of the article:
01/ Exploration of a new NFT-AMM mechanism @will
02/ APE pledge Approaching, regulatory pressure, re-examining the ecological value of Yuga Labs @ Frank
03/ Looking for liquidity? Aspects of NFT lending @猫老大
04/ Why do gamers hate NFTs so much? @xiashuang
05/ Is there a better NFT lending protocol? Existing problems and solutions @Frank
06/ Starting from the growth history of GaryVee, a cross-border Internet celebrity, why VeeFriends can succeed? @shuang^
07/ Understanding the Proof of Attendance Protocol POAP: Will it be the entry point for NFT adoption? @will
08/ Let 3 million people own NFT without knowing it, how did Reddit do it? @Abby
Exploration of a new NFT-AMM mechanism @will
In the future, there will be NFTs in all fields of the Crypto world Figures, such as Gamefi, DID, DeFi, etc., will have an inseparable connection with NFT. However, the current NFT liquidity has not been well resolved, and the existing sudoswap has raised doubts about the improvement of NFT liquidity, so the author proposed a "Fraction+Token+AMM" liquidity solution.
(1) Fraction: The purpose of fragmentation is to greatly reduce the threshold of a single transaction, thereby So that ordinary players in the NFT circle can participate normally;
(2) Token: in After fragmentation, an ERC20 Token will be generated. The purpose of this is to remove the characteristics of the fragmented NFT and make it the same as the traditional ft, so that you can use various ideas of ft to explore solutions in the future; < /p>
(3) Uniswap V3 AMM: Once you have the token, you can use the mature uniswap solution to To establish an AMM mechanism, various LPs, trading transactions, liquidity solutions, etc. can be used. If this plan is adopted, the participants that will be affected:
Want to buy blue-chip NFT but Temporarily insufficient funds (NFT insiders)
NFT band speculators (NFT insiders)
Those who hold NFT but need some funds in the short term (NFT insiders )
Project party (NFT insider)
Arbitrageur (NFT insider or outsider)
Market speculator (NFT outsider)< /p>
Thinking
Recently, there have been many NFT liquidity solutions in the market Provided solutions, but so far, there is no really powerful solution. I often think that if NFT is integrated into the various tracks of Crypto in the future, as a basic element of the Web3 world, its speculative attributes will be greatly weakened. Is there still a need to be obsessed with improving its liquidity? Just like real estate in the real world, the increase in liquidity will affect its use value. As a rigid demand, its use value is the most worthy of attention. The future PFP is only a part of the NFT field, a very small part of the Web3 world.
Original link:
https://mp.weixin.qq .com/s/BTj66T04LZxzuMO9iheJYg
APE pledge approaching, Re-examine the ecological value of Yuga Labs @ Frank
The Yuga Labs team is currently among the many projects in the NFT IP track, and the roadmap has the best cashing ability One of the strongest projects. Known future events released through official channels include the pledge system of the cooperation between ApeCoin Foundation and Horizon Labs, which is expected to go live on 10.31, which may be advanced or postponed by about a week. This will be a key event affecting the price of $APE in the short-term future.
The main risk points of the current project are:
< /p>
Insufficient use and value capture of Token: At present, the Token function of APE is mainly in pledge, payment and governance, lacking the real value capture and consumption Scenarios, NFT transaction tax and other major revenues are not included in the value capture of Token.
Inflation is too fast: The launch of the pledge system and the unlocking of investors and teams will bring about a sharp inflation in half a year to a year.
Thinking
In the short term, the investment logic of $APE is affected by the online pledge system Clearly, this wave of investment opportunities deserves attention. Faced with the pressure of investors to unlock in the medium and long term, the value capture of APE is not complete, and it is necessary to be vigilant against the situation of high-level lock-in. At the same time, it is mentioned in the article that the Otherside metaverse is in the early stages of development, and the product has not yet been officially launched; we need to be vigilant about whether the scenario that Otherside really designed can support the long-term holding of encrypted players. Sandbox and Decentraland under the bear market only have a few thousands of users who occasionally return for parties or poker, as well as a family of landowners who are not reconciled to the decline in land prices with the heat and often go home to have a look.
Original link:
https: //research.mintventures.fund/2022/10/14/zh-the-ultimate-guide-of-apecoin-and-its-ecosystem/
Looking for liquidity? Aspects of NFT lending @猫老大
This article introduces four mainstream NFT lending models and emerging NFT leasing models, which can be regarded as a gift for NFT holders who value cash flow good medicine. However, different models have their corresponding advantages and disadvantages. As an NFT holder, you still need to choose the most suitable model according to your own needs.
Peer-to-peer: a convenient NFT lending platform, similar to a bank's lending relationship. Use a simple quotation system that allows anyone to issue loans and set terms without centralized or third-party intermediaries. Integrate multiple NFTs with Arcade, etc., allowing users to combine or "package" multiple NFTs into a single mortgage asset.
Point-to-pool NFT lending: Allow users to borrow directly from the liquidity pool, and No waiting to match the right lender. Non-Fungible Debt Position (NFDP), in MakerDAO’s Collateralized Debt Position structure, borrowers exchange DAI (a less risky stablecoin) by overcollateralizing ETH (a risky asset).
Non-Fungible Debt Position (NFDP): is a derivative of this structure, Offer a similar deal. JPEG'd is currently the only platform that offers this structure, and only for CryptoPunks, so the available market is small and the platform risk is quite high.
NFT Lease and Capital Lease: Allows NFT holders to lease out their NFT for In exchange for upfront funds.
Thinking
NFT loans and leases are to provide cash to NFT holders flow. For borrowers, perhaps the Arcade method is more beneficial, and they can freely set the loan terms. For lenders, if you want to obtain liquidity faster, you can choose point-to-pool, or choose NFT leasing without using NFT as collateral.
Either way, NFT liquidity in a bear market is difficult to leverage. At the same time, there should be more application scenarios of NFT with the development of the market, and its value needs to be unlocked more.
Original link:
https://mp.weixin.qq .com/s/Q_jR6ZrLtuWaBdp1QgyllA
Why gamers are like this Hate NFTs? @xiashuang
Blockchain is more suitable in nature Sharing or managing a common system does not apply to the field of video games. Although the use of blockchain can be realized by establishing a set of general specifications for video games, considering the characteristics of video games that must be sold with innovative systems, this set of general specifications is likely to be reduced to a decoration. Some people think that NFT can be used to give players rare honorary titles in recognition of their achievements and contributions in the game, but most of these data have been managed through game-specific accounts or game company general accounts.
Game material resources (belonging to game development materials, which do not affect the game experience) as NFT The act of selling does not improve the game experience, and so far only NFT curious and speculators have paid close attention to it. No matter how lively these community discussions are, they will not bring any benefits to video game players. In addition, there are some plans to use NFT to trade in-game items (items that players actually use in the game). However, in online games, players' game records and archive data are usually managed through servers, so the uniqueness of items can be guaranteed even without NFT.
NFT games and the tagline "Play to Earn" actually require It can only be established on the premise that "players obtain profits through speculation and resale". Therefore, it is natural for some people to question "Can players really make money?". If there are no groups or organizations other than players actively investing in funds, NFT games will present a structure in which “groups of players compete with each other for in-game assets linked to cash”. Some people even directly criticized this structure as a "Ponzi scheme".
Thinking
Minecraft bans NFT private server projects, players’ public opinion is biased towards banning Well, it's a scary thing for the NFT market. Players’ support for NFT is critical to the future. If NFT cannot achieve results in improving the game experience, educating players in technological literacy and legal support, the relationship between the player community, NFT technology and game companies may not make progress.
Original link:
https://www.ign.com .cn/gamegame/39589/opinion/you-xi-wan-jia-wei-he-ru-ci-yan-e-nft
Is there a better NFT lending agreement? Existing problems and solutions @Frank
From an absolute level, the total amount of NFT loans is not higher Mostly because NFT is still a long-tail asset; from a relative level, the low penetration rate of NFT lending is not because of the lack of supply and demand in the market, but more because of the lack of lending agreements that adapt to the characteristics of NFT and can efficiently match supply and demand. The loan agreement mainly solves three problems:
One is to efficiently match and bring together the supply and demand of funds;
The second is to keep the collateral safely;
The third is to dispose of the collateral according to the agreement when the borrower defaults.
The existing Peer-to-Pool mode and Peer-to-Peer mode cannot solve the problem Well, the first question is that their matching efficiency is not high, either the hidden capital cost is high, or the time cost is high.
One can imagine a Peer-to-Orderbook model that takes advantage of both. For example, it is possible to gather orders with the same collateral, loanable amount limit and term but different interest rates into one order book, allowing both borrowers and lenders to bid and match at different interest rates, thereby reducing hidden capital costs and time costs, Achieve higher matching efficiency.
Thinking
The Peer-to-Orderbook model is similar to the OTC transaction of financial derivatives , is an upgraded version of the Peer-to-Pool model, which creates transaction pools with different interest rates for the counterparty, saving time for two-way matching. However, there are still a few problems that cannot be solved. As long as the pool is used to reach a consensus, it will still rely on the oracle machine quotation, and evaluating a fair price for NFT is still a big problem.
Original link:
https://mp.weixin.qq .com/s/Of15qXb80JP31HymPV7c-A
Bottom The growth history of cross-border Internet celebrity GaryVee, why VeeFriends can succeed? @shuang^
Talked about the growth of GaryVee and the current status of the NFT he launched in the market Condition. Each NFT in the first series of VeeFriends NFTs (Series 1) is based on one of the 268 characters originally hand-drawn by GaryVee, who imbues the characters with his favorite human traits, such as the aspiring alpaca, responsible ant etc. Slowly expanding the ecology of the VeeFriends series and giving back benefits to its NFT holders, the VeeFriends series has now expanded to include Mini Drops, Book Games, Series 2 and Iconics. The combination of NFT and consumption, there are also NFT applications in the hotel service company he founded, such as membership system, NFT holders can gain access to FlyFish restaurants and various culinary, cultural and social experiences. Flyfish member NFT holders can lease NFT to others every month or resell it; there will be no repeated annual fees (not yet open)
Think
The three methods of NFT promotion and ecological construction are relatively innovative and worth referring to:
GaryVee used Book Games to connect his book with the VeeFriends ecosystem. For every 12 books ordered by users, an NFT was obtained through airdrops. In the end, the book sold more than 100 days. 1 million copies
Launched a limited number of sub-series, which can empower the main series—— Created "cultural vitality", the team planned a total of 18 exclusive gift experiences at the same time, which further gained the favor of collectors and expanded the ecology
Collectors can participate in the daily lottery by burning Book GamesToken. There are characters in the series, and different characters correspond to different rarities and require different amounts of Tokens. In the future, VeeFriends will also support the intellectual property construction of characters
Original link:
https://www.odaily.news/post/5182175
< /p>
Understanding the Proof of Attendance Protocol POAP: Will it become the entry point for NFT adoption? @wil
POAP is the Proof of Attendance Protocol. Is used to prove the existence of a user in online or offline activities. Because it is impossible for a person to exist in two different bodies, the properties of NFTToken are used to prove their uniqueness. For brands, POAP can be used to check in the consumption times of brand consumers, and one POAP can be obtained for each consumption, and the brand side can set corresponding consumption rights according to POAP. By connecting their wallets to the project, the project party can directly connect to the user's world, and the user can also directly connect to the project party's world. Once the wallet is connected, the project party can airdrop items with future value in the user's wallet. You can effectively communicate with the project party through the wallet at any time.
Thinking
POAP is not as hype-worthy as PFP, but with POAP Empower member economy. For brands, members have more loyalty and far-reaching value than ordinary users, and they have higher recognition and dissemination of brands. If POAP is used as the threshold for obtaining membership status, this can motivate consumers to consume or participate in activities. Further consumption will deepen the connection between consumers and merchants, and membership status can be obtained after a certain amount is accumulated. This status can also be obtained through Issued in the form of NFT Pass cards. Using the characteristics of NFT to prove the participation process, this advantage cannot be realized in the Web2 field.
Original link:
https://foresightnews.pro/article /h5Detail/7990
Let 3 million people know How does Reddit do it if you feel you own NFT? @Abby
Reddit's NFT strategy:
Use "vault" instead of "wallet" (Polygon-based escrow wallet) to reduce the pressure on users to understand
Free NFT for head users as a status symbol (scarcity), the important thing is that Reddit still does not use the term, but uses "collectable "Avatar" instead of "NFT"
When users create Polygon wallets, they do not need to jump to third-party websites for operations, and do not need to memorize mnemonic words. No need to pay gas (Reddit pays for it)
Cooperate with artists to release NFT, which can be purchased in US dollars
A wave of free airdrops in August, igniting user enthusiasm
Think
< /p>
Web3 has a notoriously bad user experience. In order to attract users to open encrypted wallet accounts, Reddit not only provides free avatars, but also minimizes the barriers to entering Web3. In 3 months, 3 million people have wallets and NFTs, more people than OpenSea has in the past 5 years. This is a proven Web3 experiment, and every step of the strategy is worth pondering and learning.
Original Link
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