DEV Community: NFT Research

Why and How to Get a Verified Blue Checkmark for Your NFT Collection on NFTScan Site

NFT Research — Sun, 03 Nov 2024 05:29:55 +0000

In the NFT space, establishing credibility and visibility is paramount for any project looking to make a significant impact. NFTScan Site offers a unique solution with its verification process, highlighted by the prestigious blue checkmark, which distinguishes verified collections from the rest. This not only fosters trust among potential buyers and collectors but also enhances project visibility, drawing in a broader audience. With a user-friendly platform that prioritizes project management efficiency, NFTScan Site facilitates seamless and effective engagement with users.

➡ NFTScan Site: https://site.nftscan.com

✅ Click here to learn more about the powerful features of NFTScan Site

Why You Need a Verified Blue Checkmark
Establish Credibility and Trust: A blue checkmark signals that your NFT collection has undergone a rigorous verification process, boosting user confidence and reducing concerns about scams and misinformation.
Enhance Visibility: Verified status on platforms like NFTScan Explorer helps your project stand out in the crowded NFT marketplace, increasing engagement from potential buyers and collectors.
Improve Market Positioning: The blue verification badge elevates your brand’s standing in the NFT ecosystem, leading to increased interest, better partnerships, and enhanced promotional opportunities.

How to Get a Verified Blue Checkmark on NFTScan
Step 1: Submit Verification Request
After connecting your wallet, navigate to the verification section on the NFTScan Site. Begin by making a payment of 99 USDT, which includes a 50% discount on the standard certification fee.

Step 2: Complete the Collection Information
Upon successful payment, fill out the application form provided. This form will require key details about your collection, including the collection name, logo, contract address, and any other relevant information.

Step 3: Wait for Approval
After submitting your request, there will be a waiting period (within 24 hours) as NFTScan’s team reviews your application. They will assess your collection for originality, correct information, and other factors.

Step 4: Promote Your Verified Status
Once your collection is verified and your collection receives the blue checkmark, it’s time to promote this accomplishment. Share the news on social media, in NFT communities, and through email newsletters. Leverage this status to gain more exposure and build stronger connections with your audience.

➡ Get your collection verified: https://site.nftscan.com

Comprehensive Verification Process for Collections, Marketplaces, and NFTfi Projects
To start your journey on the NFTScan site, please follow our simple onboarding process. Before you begin, ensure that you connect your wallet addresses.

NFT Collections Verification Tutorial As of October 2024, NFTScan supports 25 blockchains, offering verification for NFT collections that include both EVM and non-EVM.

✔ For EVM Collections:
Applicants with ownership of the Owner wallet address: For EVM-based NFT Collection project owners, please use the Owner wallet address associated with the NFT contract to log in to the NFTScan Site. NFTScan will automatically search for contracts created by the connected wallet address, allowing direct onboarding to the NFTScan Site for managing your NFT project.

Non-Owner Applicants: If you do not have ownership of the project contract’s Owner wallet address, please click on “Non-Owner Verify”. Check the Non-Owner verification process (using MyCrypto as an example):

Tutorial reference: https://site.nftscan.com/manage/project/help

Step 1: Select the chain on which the contract you want to verify is deployed and enter the correct contract address. We will query the owner/creator of that address and generate the message required for signing. Click on the provided message in the “Message To Sign” copy box, and then manually sign the message.

Step 2: Open a new tab and go to mycrypto.com, choose any preferred wallet service provider that offers message signing functionality.

Step 3: Connect your wallet once you have chosen a wallet. Click on “Connect”, paste the copied message from Step 1 into the input, and click “Sign Message.” After signing the message, another box will appear below with the detailed information of your signed message and the generated signature hash value. In this box, copy the value next to “sig,” making sure to copy the entire string starting from after the first “ to before the last “.

Step 4: Copy the signature hash and return it to the NFTScan Site. Paste the copied hash value into the Signature Hash field and click Verify Ownership.

Once all steps are executed correctly, a pop-up window will confirm a successful verification. Returning to the NFTScan Site interface, you will see the NFT Collection successfully verified.

✔ For Non-EVM collections:
For Non-EVM projects, the wallet address used to create the Site will serve as the administrator address. To start the verification process, access the “Create Collection Site” option and choose the blockchain network where the NFT Collection is deployed. Retrieve the desired collection for verification by entering either the collection name or contract address. Proceed by entering the required basic information for the verification process.

NFTScan will automatically retrieve the Logo, background, deployed chain, name, X, and other information of the NFT Collection. The project owner needs to provide the NFT category, royalties, contact information, project description, how to obtain metadata, and copyright statement.

NFT Marketplaces Onboarding Tutorial To undergo NFT Marketplace signature authentication, click on “Create Marketplace Site” and submit specific project details and information such as Marketplace Logo, transaction fees, name, deployed chain and Marketplace contract address, official website, contact information, and description. After submitting the required information, wait for the verification process to complete.

If an NFT Marketplace operates on multiple chains such as Ethereum, Polygon, etc., the platform can provide information about all of the relevant chains during the application process. Once NFTScan receives information about multiple chains, it will authenticate each one according to the provided Marketplace contract address, website, etc. This allows for a one-time authentication of multiple chains and enables the platform to obtain cross-chain professional certification. Note that it is important to ensure professionalism and logical consistency throughout the process.

NFTFi Projects Onboarding Tutorial Click on Create NFTFi Site to perform signature certification and submit specific project details and information in the specified format: NFTFi Logo, name, NFTFi official website, contact information, and description. Click Submit and wait for the review.

Through the powerful project management features of NFTScan Site, NFT project owners can create dedicated project websites, customizing the display of project logos, descriptions, social media links, and all relevant information to present a professional and elegant project image.

What sets NFTScan Site apart is its exclusive Dashboard data panel, which allows for in-depth analysis of user interaction data, transaction history, transfer records, and more across various blockchains. This multi-dimensional insight into market dynamics and user behavior trends enables project teams to make informed decisions promptly, optimize development strategies, and proactively enhance their market influence.

Currently, NFTScan Site has become the premier choice for NFT projects to establish a professional image, manage operations efficiently, and drive data-driven growth in the Web3 era. We sincerely invite more outstanding NFT projects to join the #NFTScanfam, so we can work together and achieve mutual success in this thriving Web3 landscape!

About NFTScan
NFTScan is the world’s largest NFT data infrastructure, including a professional NFT explorer and NFT developer platform, supporting the complete amount of NFT data for 20+ blockchains including Ethereum, Solana, BNBChain, Arbitrum, Optimism, Mint Blockchain and other major networks, providing NFT API for developers on various blockchains.

NFTScan Site: Elevate Your NFT Project with Premium Blue Checkmark Verification and Powerful Project Management Capabilities

NFT Research — Fri, 01 Nov 2024 05:48:17 +0000

Since the launch of NFTScan Site, it has emerged as a prominent player in the NFT market, gaining significant recognition for its role in certifying various NFT collections, marketplaces, and NFTfi projects. This platform has facilitated enhanced visibility and exposure for numerous projects, positioning them for greater success within the competitive NFT landscape.

In its latest update, NFTScan Site has optimized the certification process, providing NFT collection project teams with a more efficient and user-friendly pathway to verification. This initiative not only streamlines the verification experience but also aims to empower projects to achieve their goals in the NFT marketplace, fostering innovation and growth in this dynamic sector.

➡ NFTScan Site: https://site.nftscan.com

Premium Blue Checkmark Verification, Enhancing Project Credibility
After NFTScan’s streamlined verification process, NFT projects will be awarded a prominent blue verification badge on the NFTScan platform, signifying their professional status and trustworthiness. This distinction enables projects to stand out from the vast sea of NFT offerings, making them more appealing to potential users. Whether it’s an NFT collection, NFT marketplace, or NFTFi project, submitting relevant information and materials can secure NFTScan’s authoritative verification of the project’s compliance and authenticity.

Unified Information Display, Showcasing Your Project Comprehensively
On the NFTScan Site, project owners can create a dedicated project site link, consolidating the display of project logos, background images, overviews, social media links, copyright statements, and all other essential information. This single site link provides users with a comprehensive understanding of the project. The site link can be autonomously edited and customized according to specific needs, presenting a professional and elegant project image.

Backend Data Analysis, In-Depth Insights into Project Operations
The NFTScan Site equips project teams with a robust data analysis backend, enabling them to delve into user interaction data, transaction histories, transfer records, and more across multiple chains. This multi-dimensional analysis of user behavior provides valuable insights into market dynamics. Additionally, the backend supports NFT metadata updates, enhancing operational efficiency. Armed with these data-driven insights, project teams can make well-informed decisions and optimize their development strategies.

As of October 2024, the NFTScan Site supports 25 blockchains, including major EVM chains such as Ethereum, BNB Chain, Polygon, Arbitrum, and non-EVM chains like Bitcoin, Aptos, TON, and Solana, with its coverage continually expanding. Regardless of where your NFT project is deployed, the NFTScan Site offers professional presentation and management solutions.

➡ NFTScan Site: https://site.nftscan.com

Why NFTScan Site?
✔ Verification: Seamless verification with the prestigious blue checkmark

✔ Credibility: Project visibility and establish credibility

✔ Engagement: Attracts and engages a broader audience of potential NFT users

✔ Efficiency: Streamlined project management for optimal efficiency

✔ Reach: Extends distribution through additional channels for maximum reach

Official Links:

NFTScan: https://nftscan.com

Join the NFTScan Connect Program

Q3 2024 NFT Market Report: Trading Volume Exceeds $1.1 Billion Amid Shifting Landscape

NFT Research — Sun, 13 Oct 2024 13:18:48 +0000

The non-fungible token (NFT) market has been a rollercoaster ride in 2024, but the latest data signals strong potential for a resurgence. While volatility caused trading volume to plunge 50% quarter-over-quarter to $1.1 billion in Q3, this still represents an impressive figure given the current landscape. The global NFT market started 2024 scorching hot with a record $4.1 billion in Q1 trading, demonstrating immense upfront enthusiasm. Although activity cooled to $2.25 billion in Q2 as the initial hype faded, meaningful demand persevered.

Most crucially, the $1.1 billion in Q3 transaction volume highlights the resilience of the NFT ecosystem and collector interest in this innovative asset class. As long as conditions remain conducive, we have reasons to believe NFT trading will regain serious upward momentum in the coming quarters, propelled by expanding infrastructure and use cases. Despite the recent roller coaster, the promising long-term outlook and transformative potential of NFT technology provide confidence the market will rebound from this trough stronger than before. To better understand where the NFT market is heading next, let’s dive deeper into the key trends that emerged in Q3 2024.

Source: NFTScan Multi-chain Marketplaces
Top Blockchains in Q3 2024
According to data from NFTScan, Ethereum continues to reign supreme in the NFT market, cementing its industry-leading position with the highest trading volume across all blockchains.

Solana has solidified its #2 ranking, with NFT trading activity on the high-throughput blockchain surging. Solana’s low transaction costs, scalability, and thriving ecosystem of games, metaverse projects, and DeFi applications have fueled rapidly growing demand for Solana-based NFT collections and utilities.

While a relatively new entrant, Bitcoin has already captured the third spot in NFT trading volume across chains.

Polygon, the Ethereum-compatible layer-2 solution, has risen to #4, benefiting from its low fees, fast transaction times, and seamless bridging with the Ethereum mainnet. As a scalable platform for expanding Ethereum’s reach, Polygon’s NFT ecosystem continues growing in parallel with its large DeFi presence; zkSync Era has quickly ascended to the #5 position.

Data source: https://www.nftscan.com/chain/overview

Source: NFTScan Multi-chain Data
According to NFTScan data, August 21st marked the peak for consolidated cross-chain NFT sales, recording a staggering 3,151.52 ETH in trading volume on that single day.

On the other end of the spectrum, July 7th saw the lowest trough in cross-chain NFT trading activity for the quarter at just 755.24 ETH in daily volume. Such dips can often be attributed to quieter periods with fewer high-profile NFT releases, waning promotional efforts, and times of broader market uncertainty that suppressed risk appetites.

The wide 4x range between the quarterly high and low points underscores the nascency and subsequent volatility that still characterizes the emerging multi-chain NFT market. Swings in trading interest and volumes remain heavily influenced by new collection launches, shifting market sentiments, and the real-world cadence of developments in this rapidly evolving space.

Data source: https://www.nftscan.com/chain/detail

Source: NFTScan Multi-chain Data
Top NFT Marketplaces in Q3 2024

Source: NFTScan Multi-chain Marketplaces
OpenSea maintained its position as the largest NFT marketplace in Q3 2024, recording a towering $445.52 million in trading volume over the past 90 days and capturing an impressive 40.78% market share. While transaction fees totaled a hefty $620,000, OpenSea facilitated a robust 2.72 million sales across 1.93 million wallets, underscoring its status as the preeminent NFT trading hub.

Blur solidified its #2 ranking with $230.62 million in Q3 trading volume, commanding a 21.11% market share. Though gas fees reached $366,000, the platform processed 258,000 sales from 203,000 unique wallets. Blur’s advanced features like real-time pricing and portfolio tools likely boosted its appeal among sophisticated NFT traders and collectors.

MagicEden took the third spot at $102.27 million in volume and a 9.36% share of the total NFT market. While incurring just $53,260 in fees, the multi-chain marketplace facilitated an impressive 469,000 transactions across 269,000 wallets. Its support for NFTs across Solana, Ethereum, Polygon and Bitcoin likely broadened MagicEden’s user base.

Element marketplace ranked fourth with $99.79 million in quarterly volume and 9.14% market share. It had a relatively low $13,900 in fees while recording a high 627,000 sales from 250,000 wallets, pointing to efficient infrastructure. The platform’s unique offerings may have contributed to its momentum.

Rounding out the top five, Tensor generated $45.5 million in trading volume for a 4.17% market share. Despite just $6,590 in fees, it delivered a leading 850,000 sales from 198,000 wallets, showcasing its seamless user experience optimized for high transaction throughput.

Data source: https://www.nftscan.com/marketplace

Top NFT Collections in Q3 2024
Emerging as the preeminent NFT collection in Q3 2024 was Liberty Cats, a limited edition of 9,903 non-fungible tokens hosted on the Polygon blockchain network. Over the past 90 days, Liberty Cats achieved impressive trading metrics, recording $157.86 million $MATIC in volume.

The collection’s strong performance was driven by 3,010 transactions, pointing to substantial demand from collectors and investors. Despite its exclusive supply cap, Liberty Cats maintained a healthy liquidity profile with its floor price holding at a robust 60,634 $MATIC.

Source: NFTScan
The iconic Bored Ape Yacht Club (BAYC) collection from blue-chip NFT studio Yuga Labs maintained its status as an industry titan in Q3 2024. The 10,000 profile-pic NFTs minted on Ethereum commanded 15.1K ETH in trading volume over the past 90 days, derived from 1,300 transactions.

Source: NFTScan
BAYC’s enduring dominance stems from its pioneering role in catalyzing the profile picture (PFP) NFT phenomenon and nurturing a passionate community of holders. The intellectual property rights and ambitious roadmap for expanding into games, merchandise, and the metaverse have solidified BAYC as a blue-chip asset with robust utility and cultural relevance beyond pure digital collectibles.

Not far behind was Pudgy Penguins, the 8,888 generative penguin avatars issued by NFT studio Igloo on Ethereum. The collection attracted 14.67K ETH in trading volume from 1,470 sales over the quarter, cementing it as a formidable PFP contender.

Source: NFTScan
At the same time, these projects’ multimillion-dollar trading volumes highlight the concentration of liquidity and wealth residing in blue-chip NFT ecosystems. Capturing mainstream mindshare will likely require next-generation collections to creatively blend culture, utility, accessibility, and composability to onboard broader users.

Final Thoughts:
The Q3 2024 NFT market data from NFTScan provides valuable insights into the evolving landscape and key players within this innovative digital asset class. While overall trading volume declined 50% quarter-over-quarter to $1.1 billion, this still represents a healthy figure demonstrating resilient demand amid market cycles.

Looking ahead, the NFT ecosystem shows immense potential for resurgence driven by expanding infrastructure, use cases, and mainstream adoption. While volatility will persist in this nascent market, the underlying transformative technology provides confidence that this market will emerge stronger long term.

Realizing NFTs’ full disruptive impact will require stakeholders to prioritize utility, accessibility, composability, and robust incentive design to onboard and empower the broadest user base possible. The groundwork is being laid for NFTs to spark a revolutionary new creator economy.

NFTScan is the world’s largest NFT data infrastructure, including a professional NFT explorer and NFT developer platform, supporting the complete amount of NFT data for 20+ blockchains including Ethereum, Solana, BNBChain, Arbitrum, Optimism, Mint Blockchain and other major networks, providing NFT API for developers on various blockchains.

Official Links:

NFTScan: https://nftscan.com

Q3 2024 NFT Market Report: Trading Volume Exceeds $1.1 Billion Amid Shifting Landscape

NFT Research — Sun, 13 Oct 2024 13:16:49 +0000

While a relatively new entrant, Bitcoin has already captured the third spot in NFT trading volume across chains.

Data source: https://www.nftscan.com/chain/overview

Data source: https://www.nftscan.com/chain/detail

Source: NFTScan Multi-chain Data
Top NFT Marketplaces in Q3 2024

Data source: https://www.nftscan.com/marketplace

NFTScan is the world’s largest NFT data infrastructure, including a professional NFT explorer and NFT developer platform, supporting the complete amount of NFT data for 20+ blockchains including Ethereum, Solana, BNBChain, Arbitrum, Optimism, Mint Blockchain and other major networks, providing NFT API for developers on various blockchains.

Official Links:

NFTScan: https://nftscan.com

📚 NFT101: What Are Utility NFTs

NFT Research — Sun, 13 Oct 2024 13:09:24 +0000

In the rapidly evolving world of NFTs, a new breed of digital assets goes far beyond collectible art pieces — Utility NFTs. These are non-fungible tokens designed with intrinsic real-world value and use cases hardwired into their core, transcending virtual realms to intersect with physical experiences, privileges and product ownership.

At their essence, Utility NFTs grant holders tangible benefits like exclusive access, premium memberships, product certificates, identity credentials and more upon purchase — introducing an unprecedented convergence between blockchain tech and real-world value transmission.

NFTs With Real-World Utilities Across Industries
The disruptive potential of Utility NFTs spans a multitude of sectors as brands and creators tap into this novel way of tokenizing value:

Gaming/Metaverse:
Utility NFTs represent in-game assets like characters, items or virtual land ownership, enhancing gameplay while allowing true asset portability.

Web3 Credentials:
NFTs serve as decentralized digital identities for secure access to wallets, financial services and metaverse applications.

Real Estate:
Utility NFTs enable fractional ownership of real-world assets like properties or intellectual property rights.

Event Access and Ticketing
NFTs serve as tickets granting access to concerts, sporting events, and more — with added perks like backstage passes or exclusive merchandise. Crossmint enabled the Sacramento Kings to pilot the first-ever NFT ticketing experience.

As mainstream adoption grows, expect utility NFTs to integrate with DeFi protocols, unlocking new financing models. However, amidst the innovation, thorough research on project viability remains crucial to avoid scams.

Innovative Use Cases
From Hollywood studios issuing redeemable movie ticket NFTs to luxury brands tokenizing product authenticity — pioneering use cases are emerging:

source: https://www.doodles.app/
Doodles showcases how utility NFTs facilitate community governance. This 10,000 NFT collection of hand-drawn characters empowers holders with voting rights on new releases, events, and the project’s direction.

Holders participate in the Doodlebank — a community-governed treasury funding future development. One example is the Space Doodles collection rollout aligning with significant fan demand through voting.

By giving owners governance utilities, Doodles adds value beyond just digital art — fostering engagement, loyalty and a sense of ownership over the project’s trajectory. This exemplifies how utility NFTs create new value propositions and touchpoints for communities.

A New Era For Digital Ownership
With their unique ability to bridge digital collectibles and tangible real-world value, Utility NFTs represent an exciting paradigm shift extending blockchain technology beyond tradable JPEGs.

As mainstream adoption rises, these tokens are poised to transform how we interact with and extract value from our digital ownership — an evolution that will be fascinating to witness unfold.

NFTScan is the world’s largest NFT data infrastructure, including a professional NFT explorer and NFT developer platform, supporting the complete amount of NFT data for 20+ blockchains including Ethereum, Solana, BNBChain, Arbitrum, Optimism, Mint Blockchain and other major networks, providing NFT API for developers on various blockchains.

Official Links:

NFTScan: https://nftscan.com

Join the NFTScan Connect Program

All You Need to Know About NFT Games and Gaming NFTs

NFT Research — Thu, 10 Oct 2024 09:52:59 +0000

The gaming world is rapidly transforming, propelled by the disruptive power of Non-Fungible Tokens (NFTs) and blockchain technology. These unique digital assets, backed by blockchain’s decentralized infrastructure, represent verifiable ownership of virtual items and in-game assets. It is the convergence of NFTs with gaming that has given rise to the innovative concepts of Gaming NFTs and NFT Games. But what exactly are they, and why should gamers and NFT enthusiasts care? This article will answer all these questions and more.

What are Gaming NFTs?
Gaming NFTs are unique digital items associated with online gaming and the metaverse. They can represent in-game items, characters, skins, customizations, maps, modes, tickets, collectibles, and virtually any other digital creation used in a gaming environment. Unlike traditional in-game assets, gaming NFTs are built on blockchain technology, providing players with verifiable ownership, scarcity, and the ability to freely trade or sell virtual items.

Examples of gaming NFTs include character skins in games like Counter-Strike: Global Offensive, virtual real estate in platforms like Decentraland, and rare in-game items or equipment used across various games.

While gaming NFTs and NFT games are closely related, there are some key differences:

1/ Degree of blockchain/NFT integration: Gaming NFTs can be integrated into traditional games as optional collectibles or items, while NFT games are built entirely around blockchain technology and NFT economies.

2/ Ownership models: Gaming NFTs represent ownership of specific in-game assets, while NFT games often involve ownership of core gameplay assets and in-game resources.

3/ Economic structures: Gaming NFTs can be traded on open marketplaces, while NFT games typically have more complex play-to-earn economies and built-in token systems.

Exploring NFT Games
NFT games, also known as blockchain games, are video games that integrate NFTs as a core part of their gameplay and economies. In these games, players can earn, collect, trade, and use NFTs, which represent in-game assets with real-world value.

Key features of NFT games include:

Built on blockchain technology, enabling true asset ownership for players.
Play-to-earn mechanics, where players can earn cryptocurrency or NFTs by playing and achieving in-game milestones.
Vibrant in-game economies with open marketplaces for trading NFTs.
What are Play-to-Earn NFT Games?
Play-to-Earn NFT games introduce an innovative gaming model where players can NFTs, or other digital assets with real-world value through in-game activities and achievements.

These games are typically built on blockchain technology, granting true ownership of the NFTs and cryptocurrencies earned by players, which can be freely traded and circulated within the game’s ecosystem or external markets.

Unlike traditional “pay-to-win” games, Play-to-Earn(P2E) titles incentivize players to hone their skills and dedicate effort, rather than relying solely on monetary purchases for in-game advantages. This shift towards a more equitable and rewarding gaming experience has captured the attention of gamers and industry experts alike, with titles like Axie Infinity leading the charge.

Axie Infinity: The Pioneering Play-to-Earn Blockchain Game
Developed by Sky Mavis, Axie Infinity is a pioneering blockchain game that has revolutionized the gaming industry with its play-to-earn model. At its core, players collect, breed, and battle unique digital pets called Axies, represented as NFTs on the Ethereum blockchain.

Launched in 2018, the game operates on its dedicated Ronin sidechain, minimizing transaction costs and delays. Players earn in-game rewards through Smooth Love Potion (SLP) used for breeding Axies, and Axie Infinity Shards (AXS), a governance token that enables staking and decision-making.

Axie Infinity’s success has been phenomenal, boasting over 2.8 million daily active users and an impressive $4.27 billion in total sales as of 2024.

Pioneering true digital asset ownership, a thriving ecosystem, and an innovative play-to-earn model, Axie Infinity paves the way for decentralized and rewarding gaming experiences where players earn tangible rewards for their skills.

Final Thoughts:
As the metaverse concept continues to gain traction, many NFT gaming platforms and projects have emerged, injecting boundless vitality into the NFT gaming ecosystem. From The Sandbox, a vast virtual space for creators to monetize their NFT creations, to unique digital character collections like DigiDaigaku, and Otherdeed NFTs that seamlessly merge real and digital gaming worlds, the innovation potential is limitless.

The advent of NFTs in gaming has unleashed a wave of revolutionary changes, extending far beyond the Play-to-Earn model. By establishing true digital asset ownership, NFTs have activated vibrant in-game economic ecosystems, enabling the free circulation of gaming assets across different platforms and removing barriers to cross-game transferability.

Moreover, NFTs have paved the way for innovative monetization models, allowing developers to generate continuous revenue through NFT resale commissions while empowering players to earn and trade their own in-game NFT assets. This convergence of gaming and real-world economies has blurred the lines between virtual and tangible, opening up new realms of possibilities.

For developers interested in building a gaming NFT Dapp, check out the NFTScan API at https://docs.nftscan.com to streamline the integration of NFTs into your application.

NFTScan is the world’s largest NFT data infrastructure, including a professional NFT explorer and NFT developer platform, supporting the complete amount of NFT data for 20+ blockchains including Ethereum, Solana, BNBChain, Arbitrum, Optimism, Mint Blockchain and other major networks, providing NFT API for developers on various blockchains.

Official Links:

NFTScan: https://nftscan.com

All You Need to Know About NFT Games and Gaming NFTs

NFT Research — Sat, 14 Sep 2024 09:24:33 +0000

While gaming NFTs and NFT games are closely related, there are some key differences:

2/ Ownership models: Gaming NFTs represent ownership of specific in-game assets, while NFT games often involve ownership of core gameplay assets and in-game resources.

3/ Economic structures: Gaming NFTs can be traded on open marketplaces, while NFT games typically have more complex play-to-earn economies and built-in token systems.

Key features of NFT games include:

Axie Infinity’s success has been phenomenal, boasting over 2.8 million daily active users and an impressive $4.27 billion in total sales as of 2024.

For developers interested in building a gaming NFT Dapp, check out the NFTScan API at https://docs.nftscan.com to streamline the integration of NFTs into your application.

NFTScan is the world’s largest NFT data infrastructure, including a professional NFT explorer and NFT developer platform, supporting the complete amount of NFT data for 20+ blockchains including Ethereum, Solana, BNBChain, Arbitrum, Optimism, Mint Blockchain and other major networks, providing NFT API for developers on various blockchains.

Official Links:

NFTScan: https://nftscan.com

Decoding ERC-7007: Shaping the Future of AI-Generated NFTs

NFT Research — Wed, 11 Sep 2024 06:41:37 +0000

Background
The Non-Fungible Token (NFT) market has experienced remarkable growth in recent years, redefining digital assets and transforming them into highly sought-after collectibles. This surge has not only highlighted the potential for new forms of digital ownership but has also exposed a significant challenge: the lack of standardization across different platforms and marketplaces. During this rapid expansion, the NFT landscape has mirrored the fragmented communication systems of a pre-Internet world, where towns operated with their unique email systems.

In that era, communication across distances became a cumbersome and error-prone task as individuals had to reformat their messages to align with the specific systems of other towns. Similarly, the initial phases of the NFT market have been characterized by diverse protocols employed by various marketplaces, resulting in compatibility issues inhibiting seamless user interactions. As NFTs continue to gain traction and attract a growing audience, addressing the challenge of standardization becomes increasingly critical. The evolution of a cohesive framework will be essential for the sustained growth and viability of the NFT market, enabling enhanced user experiences and fostering interoperability between platforms.

What Is ERC-7007
ERC 7007 is an innovative technical standard built upon the foundational ERC 721 standard, widely used for creating and managing unique tokens on the Ethereum blockchain. What distinguishes ERC 7007 from its predecessor is specific focus on enhancing functionalities tailored for AI Generated Content (AIGC) NFTs. This standard addresses the evolving needs of creators and collectors within the NFT space, particularly in the realm of AI-driven art.

Designed to support the unique characteristics of AI-generated works, ERC 7007 introduces functionalities that facilitate better management, ownership, and interaction with such digital assets. It represents a significant progression in the NFT landscape, catering specifically to the demands and challenges posed by the rise of AI in art creation, thus opening new avenues for both artists and collectors.

↘️ Explore the use of AI technology for searching NFTs: https://www.nftscan.com/ai-search

Key Features of ERC-7007
The ERC-7007 token standard introduces several key features tailored for the realm of AI-generated content (AIGC) NFTs, enhancing the overall experience for creators, collectors, and platforms involved in the NFTs ecosystem.

Verification of AIGC Origin
The hallmark feature of the ERC-7007 standard is its robust verification mechanism. Employing zero-knowledge machine learning (zkML) and optimistic machine learning (opML) approaches enables creators to produce cryptographic proofs that validate the authenticity of an AI model and the specific prompt used to generate the artwork. This feature is critical in establishing trust among collectors, as it helps ensure that the NFTs are genuine creations and not plagiarized or fraudulent works. It ultimately fosters a safer environment for trading AIGC NFTs.
Enhanced Minting and Management
ERC-7007 builds upon the foundational capabilities of the ERC-721 standard, facilitating a more streamlined process for the minting and management of AIGC NFTs. This enhancement means that creators can easily create and list their AI-powered artworks on existing NFT marketplaces without the need for additional complex processes. The compatibility with established tools ensures that artists can efficiently bring their work to market.
Metadata Expansion
Expanding on the metadata functionalities of ERC-721, ERC-7007 introduces additional metadata fields that are specifically relevant to AIGC. This allows creators to embed vital information directly into the NFT, such as the exact prompt that led to the creation of the artwork and specific details about the AI model utilized. By providing this additional transparency, collectors gain a deeper understanding of the creative process and the context behind each AIGC NFT, enriching their engagement with the artwork.
Interoperable Interfaces
The ERC-7007 standard outlines a comprehensive set of interfaces that facilitate essential functions like minting, verification, and enumeration. These standardized interfaces enhance interoperability between diverse platforms and applications that implement the ERC-7007 standard. As a result, AIGC NFTs can be seamlessly traded and managed across various ecosystems, promoting a more integrated and cohesive market for AI-generated tokens.

Pros of ERC-7007
The ERC-7007 token standard offers several significant advantages that enhance the world of non-fungible tokens (NFTs), particularly AI-generated content (AIGC), while also benefiting the broader NFT ecosystem.

Improved Scalability and Performance Handling Large-Scale Collections: ERC-7007 is designed to overcome the limitations of existing standards like ERC-721, which may struggle with performance when managing large collections of NFTs. This improved scalability is crucial as the NFT market expands and more NFTs get minted. Optimized for Growth: By leveraging future advancements in blockchain technology, the ERC-7007 standard aims to enhance performance metrics, allowing for smoother transactions even as the number of NFTs increases.
Reduced Gas Fees and Transaction Times Potential Cost Reductions: While ERC-7007 does not directly lower gas fees, its compatibility with future layer-2 scaling solutions may lead to reduced transaction costs associated with minting and trading NFTs on the Ethereum blockchain, making these operations more economically viable for creators and collectors alike. Enhanced User Experience: Faster processing times and lower expenses would make NFT ownership more accessible, encouraging broader participation in the NFT ecosystem.
Enhanced Interoperability Seamless Blockchain Integration: ERC-7007 is designed to work harmoniously within existing blockchain ecosystems, particularly with the Ethereum Virtual Machine (EVM). This interoperability allows for straightforward integration with current NFT marketplaces, wallets, and other blockchain applications. Compatibility With Other Standards: Maintaining core functionalities from ERC-721 ensures that ERC-7007 can coexist with other NFT standards. This compatibility fosters a cohesive environment in which AIGC NFTs can be interacted with alongside various other digital collectibles, enriching the user experience.
Flexible Metadata Management Dynamic Metadata Capabilities: One of the standout features of ERC-7007 is its potential for flexible metadata management. Creators can modify certain fields associated with their NFTs even after their initial minting. This flexibility allows for the inclusion of new information or updates to existing data. Innovation in NFTs: The ability to update metadata opens up possibilities for creating dynamic NFTs that can evolve based on external factors or user interactions. This evolution positions ERC-7007 as a forward-thinking standard that can support innovative use cases and applications for digital assets, transforming how NFTs function and engage with users. Applications of ERC-7007 AI-Powered Collectibles: Expand the world of collectibles by incorporating AI-generated elements, enhancing their uniqueness and appeal to collectors.

AI-Generated Music NFTs:
Verify the authenticity and ownership of music pieces composed by AI algorithms through non-fungible tokens (NFTs).

Dynamic Game Assets:
Create in-game items that evolve or change based on player actions, ensuring that ownership is transparently recorded on the blockchain.

Fractionalized AI Art Ownership:
Divide ownership of valuable AI-generated content (AIGC) NFTs into smaller, tradable fractions, allowing multiple individuals to invest in unique digital artworks.

Decentralized AI Training Data:
Manage and trade datasets that are used for training AI models securely on the blockchain, ensuring transparency and providing a marketplace for data ownership.

Digital Art Authentication and Sales:
Provide a platform for digital artists to authenticate and sell AI-generated artworks, ensuring their originality, preventing forgery, and facilitating proper recognition and compensation.

Educational Material Management:
Manage and distribute AI-generated research papers and educational materials, ensuring creators receive proper credit and the ability to monetize their contributions to academia.

Conclusion
The introduction of the ERC-7007 standard marks a pivotal advancement in the NFT landscape, particularly tailored for the burgeoning domain of AI-generated content (AIGC). By addressing key challenges surrounding verification, minting, metadata management, and interoperability, ERC-7007 positions itself as a robust framework that enhances trust and transparency in the NFT space. As the NFT market continues to evolve and attract diverse audiences, the capabilities offered by ERC-7007 may play a crucial role in shaping future engagement, allowing creators to showcase their unique AI-driven artworks confidently while ensuring collectors can navigate the space with assurance.

The future outlook for ERC-7007 and the broader NFT ecosystem is promising. With its emphasis on enhanced performance, scalability, and reduced transaction costs, the standard stands to bolster user experience, encouraging greater participation from both artists and collectors. Moreover, the potential for dynamic metadata management and interoperability with existing blockchain infrastructures suggests that ERC-7007 could catalyze innovative applications, including AI-powered collectibles, dynamic gaming assets, and decentralized data marketplaces.

As NFTs gain traction across multiple sectors, including art, music, and education, the standardization offered by ERC-7007 is likely to lead to a more cohesive and integrated marketplace. This framework not only paves the way for rich creative experiences but also fosters an environment where digital ownership is recognized, valued, and protected. Looking ahead, the adoption of ERC-7007 could significantly influence the trajectory of the NFT market, supporting an ecosystem that embraces innovation while ensuring the integrity of AI-generated content. Ultimately, as the landscape matures, we may witness the emergence of a new wave of digital assets that redefine ownership and creativity in an increasingly interconnected world.

NFTScan is the world’s largest NFT data infrastructure, including a professional NFT explorer and NFT developer platform, supporting the complete amount of NFT data for 20+ blockchains including Ethereum, Solana, BNBChain, Arbitrum, Optimism, Mint and other major networks, providing NFT API for developers on various blockchains.

Official Links:

NFTScan: https://nftscan.com

🛠️ Guide: How to Develop Web3 dApps on Sei Network Using NFTScan NFT API

NFT Research — Wed, 28 Aug 2024 06:35:57 +0000

Gravity is a Layer-1 blockchain designed for massive adoption and the multi-chain future. Its approach abstracts away the technical complexities of multi-chain interoperability, integrating cutting-edge technologies like zero-knowledge proofs, advanced consensus mechanisms, and a re-staking-driven architecture to ensure high performance, enhanced security, and cost-effectiveness. Adopting a cross-chain settlement protocol, it aims to leverage its high performance and fast finality chain capabilities fully.

According to data from NFTScan, as of August 27th, a total of 18,633 NFT assets have been issued on the Gravity Network, with 32 NFT Collections and 18,700 interaction records generated, involving 17,630 unique wallet addresses.

👉 Gravity NFTScan: https://gravity.nftscan.com/

Creating an NFTScan Developer Account

Before starting to use the NFTScan API, you need to visit the developer website and create an account. Go to the official NFTScan website and click the “Sign Up” button for NFTScan API to register.

After logging in, find your unique API KEY on the Dashboard, and copy it. Access the API documentation, and enter your API KEY in the appropriate field. Following the guidance in the documentation, you can start using the API service. In the API documentation, developers can find various interface modes to choose from based on their needs.

In the Dashboard, developers can also view statistics on their API usage, helping to record historical usage data. Moreover, NFTScan provides each registered developer with 1M CU of API call service to request all NFT API interfaces, and the CU never expires, until it’s used up!

Check Gravity NFT API Documentation

After successfully registering a developer account and obtaining an API Key, you need to review the NFTScan API documentation. The API documentation includes all available API endpoints, parameters, and detailed information on how to construct requests and handle responses. Please read the API documentation carefully and ensure you understand how to use the API to obtain the data you need. The NFTScan API service is dedicated to helping developers improve their experience in obtaining NFT data analysis.

Currently, NFTScan has the largest and most comprehensive NFT Collection database, supporting full NFT data from 25 blockchains, including Ethereum, Solana, BNBChain, Bitcoin, Mint, and more. The NFT data covered is comprehensive and diverse, providing a complete set of interfaces to obtain information on ERC721, ERC1155, ERC404, ERC6551 assets, as well as transactions, projects, and market statistics. It now supports over 60 public interfaces for EVM-compatible chains, as well as a batch of interfaces with the same model for Solana, Aptos, Bitcoin, and TON, largely meeting developers’ needs for indexing various types of NFT data.

Gravity NFT API Models

The main models include the following three API models, including an overall introduction and explanation of some core fields in the APIs, to help developers understand how to obtain data and utilize this information to serve the Dapp services they are building.

Assets API: “Assets” is the most critical data field in NFTs, used to uniquely identify and describe digital assets. Developers can gain a comprehensive understanding by extracting the “Assets” data of NFTs on Gravity blockchain and building relevant applications. The “Assets” object provides a unique identifier for digital assets and data throughout their entire lifecycle, providing a foundation for developers to understand and apply NFTs.

Transactions API: The transaction model represents the complete transaction data of an NFT asset on the blockchain, providing developers with the complete lifecycle transaction information of the NFT. This includes the NFT’s mint, transfer, sale, and other transaction activities, allowing developers to gain a deep understanding of the flow and evolution of the NFT asset within the Gravity ecosystem. NFTScan continuously aggregates information from various blockchain networks’ NFT transaction marketplaces and related transaction contracts. Currently, NFTScan has indexed data for tracking and understanding NFT market dynamics, which also helps developers build NFT-based applications and tools.

Collections API: NFTScan obtains off-chain data related to NFT Collections, such as descriptions, social media, and other basic information. NFTScan acquires this information through the APIs provided by the most popular NFT marketplaces across various blockchain networks. Additionally, the current floor price information is based on the centralized data of order information from NFT marketplaces, which is also accessible via APIs.

1/ Retrieve Assets Series
Get NFTs by account (Retrieve NFTs by wallet address)

Get all NFTs by account (Retrieve all NFTs owned by a wallet address, grouped by contract address. If the total number of NFTs owned by the account address exceeds 2000, the returned NFTs will be limited to less than 2000. In this case, developers and users can use paged queries to retrieve all NFTs owned by that account address)

Get minted NFTs by account (Retrieve the Minted NFTs of the wallet address)

Get NFTs by contract (Retrieve NFTs by contract address, sorted by token_id in ascending order)

Get single NFT (Retrieve a single NFT)

Get multiple NFTs (Retrieve NFTs from multiple contract addresses simultaneously)

Search NFTs (This interface returns a list of NFT assets by applying search filters in the request body. Assets are sorted by nftscan_id in ascending order)

Get NFTs by attributes (This interface returns a set of NFTs belonging to NFT contract addresses with attributes. NFTs are sorted by token_id in ascending order)

Get all multi-chain NFTs by account (This interface returns all multi-chain NFTs owned by an account address, grouped by contract address)

For example, we use Get NFTs by contract “/v2/assets/{contract_address}” to retrieve NFT details for a contract address, with the contract_address as the path parameter. In this case, we query the Galxe — OAT project.

2/ Retrieve Transactions Series
Get transactions by account (This interface returns a list of NFT transactions for a wallet address)

Get transactions by contract (This interface returns a list of NFT transactions for an NFT contract address)

Get transactions by NFT (This interface returns a list of transactions for a single NFT)

Search transactions (This interface returns a list of NFT transactions by applying search filters in the request body)

Get transactions by address (This interface returns a list of NFT transactions filtered by transaction parameters)

Get transactions by hash (This interface returns transaction records queried by a list of transaction hashes)

For example, we use the Get transactions by contract interface “/v2/transactions/{contract_address}” to retrieve NFT transaction records for a contract address. The query parameters can optionally filter for NFT event types (Mint/Transfer/Sale/Burn), separated by ‘;’.

Similarly, here we retrieve the NFT transaction records for Galxe-OAT. Filtered by the Mint event type, the response data includes all key data for the Items Minted in this NFT Collection, such as transaction hash values, From and To addresses, block information, gas consumed, transaction timestamps, and other basic NFT transaction characteristic information.

3/ Retrieve Collections Series
Get an NFT collection (Query details by the contract address of a Collection, including an overview, Items categorized by description, holder distribution, average price, floor price, and other basic summary information)

Search NFT collections (This interface returns a list of Collection information by applying search filters in the request body. Collections are sorted by deployment block number in ascending order)

Get NFT collections by account (This interface returns a list of projects owned by a given account address. Collections are sorted by floor price from high to low)

Get NFT collections by ranking (This interface returns a list of projects with a given ranking field. Collections are sorted by the given ranking field and direction)

For example, we use the Get an NFT collection “/v2/collections/{contract_address}” to retrieve details for the address 0xcbe29f1a6685a90f68552988898baebb59ea4374, named Galxe-OAT:

4/ Collection Statistics Series
Collection Statistics (This interface provides an overview of analytical statistics for an NFT Collection)

Collection Trade Distribution (This interface mainly provides the trade distribution of a project)

Collection Trending Statistics (Returns the Trading statistics ranking of a project)

Collection Holding Amount Distribution (This interface can return the holding amount distribution information for an NFT project)

Collection Holding Period Distribution (Returns the holding period distribution information for an NFT project)

Collection Blue Chip Statistics (Overview of Analytical Statistics for Blue Chip Collections)

Collection Blue Chip List (The list of Blue Chip Collections involved in the project, refer to NFTScan Blue Chip Collection)

Collection Top Holder (Distribution of the top holders for this Collection)

For example, we use the Collection Statistics “/v2/statistics/collection/{contract_address}” to return the analytical statistics overview for an NFT Collection. You can refer to: https://gravity.nftscan.com/0xcbe29f1a6685a90f68552988898baebb59ea4374

5/ Account Statistics Series
Account Overview Statistics (This interface returns overview statistics for an account address, refer to NFTScan Overview)

Account Holding Distribution (This interface returns the NFT holding distribution statistics for an account address, refer to NFTScan Portfolio)

Account Holding NFT Trending (This interface returns the NFT holding amount (or quantity) statistics for an account address, refer to NFTScan Portfolio)

6/ Analytic Statistics Series
This series of interfaces is typically used to obtain information related to data analysis and statistics on the NFTScan Gravity network, such as Trade Ranking, Mint Amount, etc. These interfaces allow developers or users to query, analyze, and retrieve statistics related to specific data sets or metrics. They can be used for various purposes, including market analysis, trend tracking, investment decisions, and understanding the nature of specific data.

7/ Refresh Metadata
Refresh NFT metadata

Refresh NFT metadata by contract

The Refresh Metadata interfaces can help developers or users submit background tasks to refresh metadata. After review, these tasks will refresh the metadata of the submitted specific Item or the entire contract.

8/ Other
Get the latest block number (Returns the latest block number reached by NFTScan)

Get the latest reorganization block numbers (Returns the latest reorganized block numbers)

Get NFT amount by account (Returns the number of ERC721 and ERC1155 NFTs owned by account addresses based on the search list in the request body)

Get NFT owners by contract (Returns a list of owners for an ERC721 NFT contract address, with NFTs sorted by token_id in ascending order)

Get owners by an NFT (Returns a list of owners for an ERC1155 NFT, sorted by account_address in ascending order)

Building Relevant NFT API Requests
Developers can use different languages to write code that calls the NFTScan API, such as Python, Java, JavaScript, etc. For example, in Python, you can use the requests library to initiate API requests; in JavaScript, you can use axios; in Java, you can use libraries like OkHttp or Retrofit. When writing the code, developers only need to organize the interface parameters, such as contract addresses, API Keys, etc., and call the corresponding NFTScan API, and they can conveniently obtain standardized JSON format data.

For example, we retrieve the NFT details for the contract address 0xcbe29f1a6685a90f68552988898baebb59ea4374, using the Get NFTs by contract with the path “/v2/assets/{contract_address}”. We send an HTTP GET request to access the NFTScan API, using the requests library in Python, and can construct the request like this:

import requests

Define the contract address and API path

contract_address = '0xcbe29f1a6685a90f68552988898baebb59ea4374'
api_url = f'https://api.nftscan.com/v2/assets/{contract_address}'

Set up the request headers, including the API key

headers = {
'Authorization': 'Bearer your_api_key_here', # Replace with your API key
'Content-Type': 'application/json',
}

Make the HTTP GET request

response = requests.get(api_url, headers=headers)

Check the response status

if response.status_code == 200:
# Parse the response data
nft_data = response.json()
print(nft_data)
else:
print(f'Request failed with status code: {response.status_code}')
NFTScan is the world’s largest NFT data infrastructure, including a professional NFT explorer and NFT developer platform, supporting the complete amount of NFT data for 20+ blockchains including Ethereum, Solana, BNBChain, Arbitrum, Optimism, Mint and other major networks, providing NFT API for developers on various blockchains.

Official Links:

NFTScan: https://nftscan.com