Be curious about the future of NFT and Elements market

Decentralized NFT multi-chain trading platform Element Market officially launched the "Global NFT Creator Certification Program" on November 2. The Elements NFT game is fully ambitious. Professional creators in the category are screened, rated and certified. In the rating results, creators who meet Element’s official certification qualifications create NFTs on the official website of element.market and will receive a full subsidy of the official gas fee. At the same time, the gas fee subsidy is worth US$100,000 and is committed to encouraging diversified art creators. Output the value of the work and personal influence, and incorporate more new cross-border elements into the NFT creation circle.

According to the latest data from NFTGO, there are currently 12,840,916 NFTs in circulation on the market, with a market value of more than 4.8 billion U.S. dollars. The number of people participating in 30-day transactions is 118,000. There are more than 580,000 people holding NFTs. The number of addresses) is 560.

Among them, the 30-day trading volume value is the most noteworthy. The current value is 1.66 billion U.S. dollars, which is a significant drop from the previous data, with a decrease of about 49%. The largest NFT trading website Opensea's trading volume reached 3.4 billion U.S. dollars in August. It fell back to USD 3 billion in September.

The rapid development of the NFT market is based on long-term accumulation. The reason why Axie Infinity was able to grow from 38,000 active players per day in April 2021 to 2 million in October 2021, and the NFT market transaction volume was as high as US$2.2 billion. Since the team has worked hard in development since 2019.

Instead of adopting the IP strategy of being tall, Elements NFT game chose the mass line-everyone can NFT. Whether you are a long-established art master, a student of an art school, or a newcomer who wants to try NFT, you can publish and trade NFT works on Element, and fully reduce their participation costs.

Low cognitive threshold: Element provides an easy-to-use NFT publishing tool, which only takes five steps from uploading to publishing.

Low casting cost: The mechanism of "delayed on-chain" allows users to pay gas fees in advance before the asset is traded, and the on-chain cost will only be incurred when the product is collected.

Low transaction cost: transaction fee is only 2%, which is lower than opensea 2.5% and Rarible 3%, which is basically the lowest in the entire network.

Low restriction: Opensea upload file size limit is 100 MB, Element limit is 120MB.

Although the future of Elements NFT game market is promising and there is huge room for imagination, the current NFT still has to solve the difficulties it faces. For example, at the legal level, it is not yet clear what NFT holders actually own and to what extent they own copyrights, to what extent they comply with copyright laws, and whether NFTs will not cause unnecessary attention from regulators. For example, some artists and content creators complain that their works have been stolen and sold as NFTs. However, these issues are unlikely to become a stumbling block on the development of NFT. As for the future development of NFT, we will wait and see. As a latecomer, Element’s ambition is undoubtedly to stir up the NFT platform, which is a battleground for military strategists, to rewrite the order and pattern. This is an imaginative adventure, accompanied by competition and challenges.