Today we will continue to talk in order of market value. The project we are talking about today is Tron’s NFT trading market, which is APENFT. It currently has a market value of US$300 million and ranks around 100+. Many people here may ask why you don’t talk about other NFT trading markets, and talk about Sungee’s exchange. The current market value of other exchanges is not as high as it. With the recent decline of the NFT market, it was booming some time ago. Blur's market value is only over 90 million US dollars. Other looksrare, X2Y2 is even more incredible, with only over 30 million US dollars, so it is 10 times different from APENEFT, so let's take a look at its difference.
APENFT is a foundation that is supported by the world-renowned public chain Ethereum and TRON's underlying technology, combined with the world's largest distributed data storage system BitTorrent File System, and is committed to NFTizing and blockchainizing the world's top artworks. APENFT Foundation was officially registered in Singapore on March 29, 2021. NFT, as the only token officially issued by the APENFT Foundation, is a decentralized digital asset developed based on the ERC-20/TRC-20 protocol and is also the proof of rights and interests of the APENFT Foundation; NFT holders will have voting, profit sharing, Participation and other rights. The total amount of NFT issuance is constant at 999,990,000,000,000 pieces.
Here, I want to talk about the person in charge of APENFT, Steve Z. Liu.
Steve Z. Liu holds a master's degree from the City University of New York and an MBA in finance from Columbia Business School. He has worked in leading international financial institutions such as Fidelity International, Salomon Smith Barney International, Nomura International, and Libra Capital Management.
"He has extensive experience in the field of cryptographic art.", "In order to explore the development of NFT, Justin Sun and Steve Z. Liu had intense discussions on the development concepts and future directions of the NFT industry."
However, there is still relatively little information about this project on the Internet, so we still follow the old rules and directly read its white paper.
NFT’s mission/vision/values
Mission: APENFT is committed to registering the world's artworks as on-chain NFTs.
Vision: APENFT aims to become the Ark Fund in the NFT field, committed to building a bridge between first-class artists and the blockchain, and supporting the growth of local encrypted NFT artists.
Values: APENFT insists on making the value of art accessible to everyone.
Technical advantages
APENFT is supported by the underlying technology of top blockchains (Ethereum and TRON) and the world's largest distributed storage system bittorrent File System (BTFS) to achieve the mission of registering NFT artworks on the world's first-class chain.
NFT artworks will be made into unique ERC-721/TRC-721 tokens on the chain. The corresponding information of the ERC-721/TRC-721 token and the record of the artwork will be permanently stored on the BTFS network (BitTorrent File System), and the files will be permanently stored.
financial strength
APENFT's first series includes: Picasso's "Women's Career", Andy Warhol's "Three Self-Portraits", "Seaside" and other five works, including "ABUNDANCE" by crypto artist Beeple and crypto artist Pak A complete set of NFT Cubes with a total value of more than 200 million yuan. In fact, Sun Yuchen spent money to take pictures of these and then handed them over to APENFT.
Since its establishment, APENFT has established partnerships with Christie's, Sotheby's and Nifty Gateway, the world's largest NFT auction houses.
Beeple, a well-known NFT artist, has a user base of two top public chains, laying a solid foundation for expanding market influence.
APENFT’s Ecosystem
At present, it is mainly its NFT trading market, which currently only supports the Tron chain. You can use Tron’s USDT and Tron to purchase it. There are also mainstream cross-chain NFTs from BAYC, cloneX, etc.
At present, chain games are also launched. There are currently two games, one is WIN NFT HERO, which is an NFT+GAMEFI strategy game. Players need to match different strategic formations according to the attributes of the hero in order to win on the battlefield. This type should be a bit like auto chess.
There is also a game TAP FANTASY, which is a metaverse MMOPRG with the same play to earn mode as AXIE, but it is not online yet.
Token governance
NFT is the token of APENFT. The first release time is 2021-05-20. The maximum supply is 999,990,000,000,000 NFT. The circulation rate is 27.71%. However, its distribution is determined by a relatively big problem. The artist takes 30% and the team 19%. These two are actually It is equivalent to their team taking 50% of the coins, and the current circulation is very low, and there are still a large number of coins that have not been unlocked.
Finally, we summarize that the current project is actually an NFT trading platform of Tron. The transaction volume on Tron is definitely not as good as that on Ethereum. The only bright spot is that it has launched its own chain game. Another bright spot is, He claimed that he would turn the collections of artists in the physical world into NFTs and put them on the chain. Currently, the best value works are the several masterpieces bought by Sun. One is Picasso's "Lying Nude with a Necklace", which Sun spent 135 million yuan. Andy Warhol's "Three Self-Portraits" and NFT artist Beeple's "OCEAN FRONT" cost 5 million US dollars. So in terms of publicity, Sun Hao is indeed very powerful, but this token still cannot be bought. The current market value is too high, and there are still a lot of things that have not been unlocked.