NFT Latest Trends
NFTs or Non-fungible tokens have evolved quite a bit in the past 3 years. It was only recently that NFTs have gotten through a giant boom due to the fact that many huge influencers across social media and celebrities have jumped on the new NFT craze.
Without a doubt, NFTs will be the new craze for the next decade alone with their never-ending evolving utilities. Knowing that, NFTs started out as a simple PFP (aka profile picture) where people can simply change their image and it would act as their ‘avatar’ in the digital world — known as Web 2.0.
1. Social Media Trend
Most notably, social media such as Twitter have started to onboard Ethereum NFTs. What this has done has created a new portal for people who want to show their NFTs instead of a typical profile picture of themselves. It’s pretty damn cool considering that eventually, all these web 2.0 platforms will start to integrate blockchain technology.
With Oasis, a lot of the community are hopeful that the partnership with Meta would mean that Facebook would on board Oasis NFTs onto their platform, whereby, we would see our very own Oasis NFTs as profile pictures and their uses when Meta starts to branch out into the web 3.0 world. With that being said, it is great to get yourself familiar with the Metamirror space as this is the native marketplace for Oasis NFTs, especially as it is ever-growing with new Oasis NFT projects. It is exciting. It is fresh. It is going to be the future to show our own Web 3.0 identities to the world and to the people around us. It conveys to the world that Oasis and Metamirror are giving back our data in a way that is concealed with these NFTs.
2. Crypto-exchanges NFTs
As of recently, well-known crypto exchanges such as Binance and Crypto.com have started to establish their own NFT marketplace and launchpad. By doing so, it creates a giant following amongst all communities who invest on their exchange without having the stress of creating a new private wallet like Metamask. It simply cuts out the middleman and the NFTs can simply be transferred to your very own wallet that’s been assigned to you once you’ve created an account on the exchange. Not only that, other smaller exchanges have also started to create their own marketplace and gives the ease for their consumers to buy any kind of Ethereum NFTs, e.g. BAYC apes.
What does this simply do? It eliminates transaction fees from sending between wallets as this costs coins/tokens, which ranges from 10$ to potentially thousands of dollars. Additionally, another issue that users face is simply copying and pasting their wallets (if not successful) can cause huge problems where you can lose your coins. Not only that, it is a win-win for these exchanges in that their profit margin is increased.
Hopefully, it would be awesome to see Oasis NFTs on such exchanges, especially Finance and Coinbase, since Oasis has cemented a partnership between them. Not only would that bring in more volume for Oasis but also opens the door for new investors who are keener on learning what Oasis has to offer in the long-term.
3. Alternative Blockchains *cough* Oasis
As many have noticed, Ethereum has always been the most well-known blockchain to create NFT projects. However, due to the fact their transaction fees have cost issues, users have sought out other blockchains (such as Oasis Network) to see if there are better alternatives. With Oasis, the main focus for users in terms of NFTs is lower transaction fees + faster transactions per second (TPS) as well as awesome PFP art like AI ROSE (on Metamirror).
However, there are always risks with new NFT projects and blockchains such as a lack of influence from social media platforms to having no new artists to create hype with their artwork. What communities need is an NFT project that has an awesome community, great artwork as well as utilities for each holder. Thus, one (that’s right you) should consider checking in on Oasis Network and its marketplace, Metamirror, to see what they can offer for everyone who is interested in the web 3.0 space, especially the NFT ecosystem.
4.Utilities
The most important feature of any NFT is the utilities behind it.
Without any utility, an NFT project is considered a scam. A rug pull. WHICH, btw, is not what you want to be part of or knowing that something you have invested in, has no monetary value for you and obviously, for the community that you are in.
There are many new utilities that you can see from each and every blockchain, such as staking their NFTs to generate tokens, in-game NFTs for their games, and free-mint (which btw, is an awesome utility! Who wouldn’t want an NFT for free?), to merchandise for simply minting their NFTs.
All the above-mentioned are attributes that bring an NFT from normal to absolutely awesome. However, one should understand, not all projects have the funding like the next. It is hard to compete against each other when the project has no funding. And with no funding, there are no new utilities thus, no new investors. (potentially a loss of potential new holders or even old holders).
*sadness*
Regardless, it is always good to try and seek out advice on which project on Oasis, especially Metamirror, that has a team that is willing to build, build, build, and didn’t I say….BUILD?
New utilities bring new life to the project and thus, will bring new investors who are always seeking out new opportunities for their own portfolios.
On that note, NFTs are the future. Without a doubt, we are hella early and so is Oasis. Every day, there are new projects that are creating new utilities that have never been seen before and I hope for everyone who is into the space, to be part of the project in every way possible.
MetaMirror is an awesome marketplace and has shown that it has created a well-rounded ecosystem for Oasis and its NFTs.
Who knows…MetaMirror might launch an epic new NFT project where it could bring potential new big names like Cristiano Ronaldo and the lucky user might see him play live or potentially have a 1 on 1 training session. The future is coming and Oasis will be playing a huge part in it.
Explore MetaMirror website and ecosystem: https://linktr.ee/auth3metamirror
To apply for MBuddy Keeper access, please visit our Build Center: https://mbuddy.metamirror.space/
