Musk acquires Twitter, COSOSWAP "Play and Dance"

"Imagine Star Wars or Game of Thrones, if the project were not owned by Disney or HBO, but directly directly directed, developed and owned by a community of builders, creators and participants."

Here's a quote from Timshel, the creator of The Genesis, a creative venture that is now one of many built on and around loot NFTs, collectively known as Lootverse. Both this sentence and Lootverse point to a growing trend in the NFT ecosystem of community-centered or community-led world-building projects that are blooming into new multiverses in a decentralized way.

When it comes to NFTs, many people's memories may still be stuck in the crypto cat CryptoKitties that was all the rage in 2017. But the concept of NFT originated in 2012 with colored Coin, the idea of a Bitcoin-based network proposed by Yoni Assia, and one of the earliest attempts to give digital assets unique characteristics. Or the demand is not large, colored Coin failed to land. Until the explosion of the crypto cat, the feasibility of the NFT was confirmed.

NFTs, that is, non-homogeneous tokens, in addition to having the nature of "tokens", its important feature is that each NFT is unique, indivisible and interchangeable. For example, the BTC we often hear can be divided into 0.1 or 0.01, etc., but NFTs can only exist as a whole. The reason why crypto cat has become the first phenomenon-level DApp is also largely due to the characteristics of NFTs. In the crypto cat game, each cat corresponds to an NFT token on the chain, with a unique ID and gene, and has a high collection value. This also made the price of the obsessive cat in the secondary market up to 600 ETH, which was equivalent to $170,000 at the price at that time.

However, the crypto cat has "fallen off the altar" for a long time, and the NFT has long since returned from the original madness to calm. The NFT market urgently needs a new "crypto cat" activation, and this entry point must be liquidity.

Bitcoin network prices are the demand for secure financial transactions in the form of tsxn fees.

Ethereum prices need to be securely calculated in the form of gas fees.

Blockchain networks make financial computing an alternative pricing asset.

Block space itself is a financial primitive, and the demand for block space, i.e. financial computing will continue to outpace the supply of all networks, as was the case back in 2017. In the future, we intend to implement more financial computing on the blockchain. Another implication of how we make financial computing liquid and fungible is that whoever can provide abundant liquidity on any track will come out on top.

For most people in the crypto asset space, the liquidity of funds is very important. In the Defi project, there is liquidity mining, which provides liquidity for trading pairs to get token rewards, and in centralized exchanges, there is a coin earning service, just like time deposits lock assets for a certain period of time to get Token interest. But in the NFT market, if you are optimistic about an NFT and want to hold it for a long time, then this part of the money to buy NFTs is equivalent to being locked for a long time. Because of the unique characteristics of NFT assets, there are also great differences between the same series of NFTs, and whether they can be traded is subjectively affected, which causes NFTs to have no unified pricing standards, valuation difficulties, and further leads to the fact that most NFTs are currently facing the problem of poor liquidity. On the one hand, new NFT projects continue to emerge, celebrities and big brands have followed the launch of NFTs; on the other hand, the liquidity problems of NFTs are becoming an important factor restricting the development of the NFT ecosystem. How can liquidity be freed from NFTs?

In response to this problem, there are also some solutions in the industry, which can be roughly divided into three categories, namely NFT fragmentation, NFT-based issuance of tokens, NFT mortgage lending, in addition, there is COSONFT's original ecology.

It goes without saying that NFTs are the hot spots sought after in the current crypto market, starting from the art of encryption, and then recently major Internet companies led by Twitter and Instagram have begun to test the waters of NFT. For most NFTs, the application scenario is relatively limited and relatively difficult to price or value. But when P2E meets guilds and NFTs meet interactive games, many scenes suddenly become diverse.

In a traditional centralized game, the props in the game do not belong to the holder, and once the game is closed, the props cease to exist, and the props can only be locked for use in the game. True IP ownership is in the hands of developers and publishers, who have the ability to determine the properties, uses, availability, and price of items. From a cash flow perspective, it becomes a zero-sum game with a clear bias towards developers/publishers (paying to play/buy items with users in the game community).

In contrast, NFT games offer a paradigm shift from zero-sum games to positive-sum games that benefit all parties; now, props in games can be tokenized to obtain: COSONFT, making interoperability between different DApps and game ecosystems, making utility no longer tied to a single game/application scenario immutability, ensuring that the prop will exist regardless of which game it comes from, and preventing it from being tampered with or copied as the prop becomes the holder's digital property, There is a permanent record on the blockchain that can be verified and can be freely traded or transferred. Not only that, but the current generation of NFT games also adopts a unique business model that accumulates revenue for players through the "play to make money (P2E)" model, rewards players who participate in the game economy, and allows them to exchange in-game items for real-world fiat currency. Like some famous game guilds that have gone a step further, introducing governance tokens and community vaults, decentralizing ownership and management of games, so that any decision-making and cash flow accumulation will ultimately be done by the player community rather than the game developers.

Everything can be NFT, COSONFT entered the game with P2E, making NFT games have longer vitality:

l Hosted on the asset chain and owned by users.

l Efficient, low-carbon and low-cost creation of assets.

l Permanent operation of smart contracts. Don't worry about the game operator stopping the server, which also protects the value of the assets held by the user.

Player autonomy. Hold tokens to participate in game governance and share game revenue.

Tokens incentivize developers. By issuing token financing, developers no longer need to compromise on game revenue, which can support their long-term creativity.

l From the economy. Due to the issuance of tokens and the settlement and value storage of the blockchain, the game can build a world on the blockchain that is infinitely close to the metaverse, and the good economic model design allows the blockchain game to have a more self-consistent economic cycle system than the traditional game.