How was your experience through the Tezos NFT explorer

While a lot of the crypto community has been skeptical about Tezos, it successfully launched its beta network on June 30, 2018. For all project backers who participated in the crowdfunding, this means they can get tezzies sent to them by the foundation, just by completing a short KYC/AML process. The name Tezos is being brought up again in this wave of new public chains because of the Tezos NFT explorer.

While public chain tokens such as Solana and Avalanche have been attracting market attention with their record high prices, Tezos has been much lower profile and although the token price has risen to just a step away from its all-time high, Tezos NFT marketplace is still an unfamiliar name to new players.

You should know that Tezos was also a Staking veteran back in the day and was once a leading project in the crypto world.

In September 2014, Tezos' whitepaper was officially released and received an investment from Tim Drapper and the Winklevoss brothers. Three years after the whitepaper was released, in 2017, Tezos raised a token funding round and raised 65,000 BTC and 360,000 ETH, or about $230 million, in just two weeks. This is a rare amount of funding in the history of cryptocurrencies. The live Tezos price today is $6.81 USD with a 24-hour trading volume of $293,297,452 USD. Tezos is down 1.79% in the last 24 hours.

Being well-funded is definitely Tezos' biggest label, and according to a report released by the Tezos Foundation in January of this year, the Tezos Foundation holds assets worth a total of $1.176 billion, including $600 million in bitcoin. If they hadn't sold any bitcoin during that time, their bitcoin position would be close to $900 million right now.

Let's go back to how Tezos was originally created. In the Tezos protocol, there can be up to 10 billion Tezzies (XTZ). the Tezos Genesis block generated about 700 million Tezzies, and the remaining 9.3 billion will be released over time in an inflationary manner. Holders who participate in consensus building by baking or delegating bakers to represent their interests will participate in the proceeds of inflation. The inflation rate is currently expected to be 5% per year.

As more holders gain ownership of their tokens and learn about the unique consensus design in the Tezos protocol, I expect the percentage of Tezos holders actively delegating to be closer to 2/3 or higher, but given user error and sheer laziness, that percentage will probably not exceed 90%.

The most exciting thing about Tezos as a protocol is that the community can optimize the protocol itself to solve problems as we learn more from its actual use and the behavior of Tezos holders.

So why is this platform gaining popularity?

First, from an environmental perspective, Tezos NFT explorer focuses on the concept of an environmentally friendly blockchain. Although it is a controversial issue whether Ether NFT has a negative impact on the environment, for artists outside the circle, it is an important reason to decide whether they enter the crypto art field or not. Previously, many traditional artists and traditional art platforms considered entering the NFT field, but they were opposed and resisted by a large number of fans because of environmental reasons, and eventually died out.

Secondly, the gas fee of Tezos chain is extremely low. Although platforms such as OpenSea also provide free casting features for artists, artists use these features to cast NFT through OpenSea's contract, rather than deploying a contract of their own. And for collectors, again, this will save them significant costs in Tezos NFT explorer.