As the market has been rising over the past month, the NFT track has also gradually warmed up. According to data from the NFT tracking platform CryptoSlam, NFT trading volumes on mainstream chains such as Ethereum, Bitcoin, Solana, and Polygon are quietly recovering, with 7-day trading volumes generally rising, with the Bitcoin network leading with 69% of 7-day sales. The recovery of NFT trading has also led to new moves by TRON.
NFT fever is not over yet, and is poised to rebound
In the past two years since NFT became popular, as more ways of playing in the crypto field have emerged, many people thought that the NFT craze had faded, but in fact this track is just slowly accumulating energy, and it has never and will never leave the stage. Now, we can still see various NFT-related casting standards and methods continue to emerge, standardizing and upgrading the entire track:
1155: Version number of the same NFT;
The Doodles: Certified Viral collection is an example, with versions of each NFT numbering in the tens of thousands;
Soulbound: Tokens that are bound to a wallet address and are non-transferable;
ERC-6551: Token-binding accounts, allowing NFTs to hold other NFTs;
ERC-404: Allows standard non-fungible tokens to be converted into a certain number of homogeneous tokens;
Unlimited casting based on time limits: This approach was popularized by digital artists, introducing unique burning, casting, and other gamification mechanics.
Although the prices of many scarce NFTs have fallen sharply, the improvement of industry standards and technological upgrades have allowed NFTs functional levels to continue to increase, and the gameplay has also diversified horizontally. In addition, the popularization of digital collection processing in traditional markets has also been promoted, and the market scope has continued to expand and be recognized.
Justin Sun innovates the gameplay and upgrades the NFT track again
Justin Sun started planning for the NFT market very early. In 2021, the first year of the NFT boom, Justin Sun bought many high-value artworks, including Picassos Nude with a Necklace, Andy Warhols Three Self-Portraits, Giacomettis sculpture The Nose, etc., and donated all these artworks to the APENFT Foundation.
APENFT itself has also invested in a large number of world-class first-class artworks, including Oceans Front and ABUNBANCE (5 pieces) by crypto artist Beeple, Paks complete set of NFT works Cube, Mitchel Chans 3 Digital Zones, etc., with a total value of more than 1 billion, which can be called a giant whale-level art collection foundation in the industry.
The APENFT Foundation is built on the low-cost TRON public chain. Its head Sydney Xiong once said that one of the missions of the APENFT Foundation is to make collectibles more accessible to the public. This popular tone is indeed in line with TRON, and Justin Sun has also provided financial and technical assistance many times, which can be regarded as TRONs early layout in the NFT field.
Now the time is ripe. TRON has created a new minting platform, NFT Pump, through the recently popular SunPump platform and APENFT. NFT Pump perfectly inherits the fair issuance mechanism of SunPump, which is efficient, fast, safe and low-cost. With the support of SunPump and the strong traffic of TRON, it injects new vitality into the development of the NFT track.
The NFT Pump platform was officially launched on September 26. According to the official website, NFT Pump can be accessed through both the official domain name and the APENFT official website entrance . Users can access the platform regardless of which entrance they enter from.
NFT mechanism innovation, ultra-low Gas
Justin Sun always brings new ideas, new ways of playing, and new concepts to the market and users. This entry into the NFT market is based on SunPump, a star platform on the TRON chain, which allows users to mint NFTs on NFT Pump as easily and quickly as launching Memecoin on SunPump. And with the empowerment of APENFT, it has achieved significant upgrades and greatly reduced the cost of Mint. Creators no longer need to pay high gas fees for deploying contracts on the chain as before, but can realize their creative dreams at a lower cost, bringing more possibilities and vitality to the NFT market.
In addition, the NFT Pump platform supports creators to set up a pre-sale whitelist, and users in the whitelist can have priority in NFT Mint. If no whitelist is set, all users can participate in the Mint process.
Compared with the traditional NFT Marketplace, the upgraded NFT Pump greatly simplifies the creation process and provides users with a more convenient experience. In addition, NFT Pump is independent of the original Marketplace interface, presenting users with a brand new NFT trading platform. At the same time, the official provides up to 99% of the gas fee subsidy, making transactions more efficient and economical.
How to participate in NFT Pump?
You can access the NFT Pump platform through the official domain name or the APENFT official website. You can click on the search method you want on the homepage, or directly search for the keywords you are interested in, and then enter the page to perform the Mint operation.
Anyone who has played SunPump should be able to see that the NFT Pump page and operation process are exactly the same as SunPump. It is very easy to get started and the jumps are smooth.
After selecting the NFT you want to mint, go to the Mint details page and select the quantity you need to mint, then click the Mint button. After signing according to the wallet prompt, click the confirmation prompt, and the NFT Mint is successfully completed.
However, it should be noted that in NFT Pump, Mint requires the wallet to send on-chain transactions, and on-chain requires two account resources: bandwidth or energy. Bandwidth consumption is relatively small, but the platform cannot bear it for users. Energy consumption is large, but the APENFT contract will bear 99% of the energy consumption for users. However, it is possible that the users Mint is too much, resulting in the energy pledged by the contract being consumed in a short period of time and the user needs to consume energy. Here we recommend that you use staking or leasing to obtain energy. For detailed operations, please refer to this article How to obtain energy through staking or leasing? .
The process of creating NFT is also very simple. After clicking Create on the official website, upload an image file within 10M or a video file within 120M; enter a name and description; set the NFT quantity, mint price, mint time limit and other information; if there is an official website or contact information, you can also fill it in, and finally click Create. According to the authors test, the current fee for creating NFT is only about $1.
SunPump mode for safe operation
SunPump was certainly successful. It successfully launched hundreds of Meme coins on the first day of its launch. It not only continued the characteristics of previous Meme coins, but also made many successful innovations around new hot spots. For example, SUNDOG increased by more than 10,000 times in 5 days after its launch, and FOFAR increased by more than 6,000 times in 4 days after its launch. Another example is SUNWUKONG, which increased sharply after its launch and increased again after it became popular.
The current NFT Pump, like the original SunPump, will continue to use all the resources and models of the TRON public chain. NFT Pump not only has TRONs over 2 million daily active users, low transaction fees, and efficient transaction speed, but also has SunPumps successful experience and operating model, making NFT Pump an ideal platform for the development of NFT.
The current USDT issuance on the TRON chain exceeds 60 billion US dollars, accounting for more than half of the total USDT issuance. A sufficient capital pool can not only improve transaction efficiency, but also provide necessary financial support for innovation in the NFT field. At the same time, with the support of the art collection and NFT operation experience of the art collection giant APENFT, NFT Pump is expected to become an ideal platform for NFT creators and collectors, helping to promote the prosperity of the entire NFT field. And after multi-dimensional ecological coverage and the superposition of several tracks, it is hard to imagine what kind of huge NFT ecosystem NFT Pump will build.
