Hashmasks & Portion – The Future of NFT Marketplace?

Referring to NFT, it is impossible not to mention Rarible and Opensea – two “famous” names in the NFT trading platform.

However, whether these two exchanges can keep their position, when there are now two other faces that have just “aired” but already have a huge volume of transactions.

The following article is summarized from Dapp.com’s Medium, to introduce you to these two potential NFT exchanges.

Hashmasks

If you’ve been following Dapp.com, they mentioned Hashmasks in a report “NFT Market Booms in January 2021” as a major reason driving OpenSea’s trading volume on the secondary market.

Hashmasks launched less than 30 days, the exchange has raised 7,600 ETH with a value of about $10M. The 30d trading volume is around $13.53M, ranks in the top 4 of Marketplaces, and becomes one of the leading apps on the market. Ethereum marketplaces by Dapp.com.

You can see the on-chain Volume peaking at the end of January, with Daily volume around $4.32M on Jan 31.

So what makes Hashmasks different from other NFTs?

Hashmasks introduce a combination of Digital art and Collectibles with a value hierarchy defined by both creators and consumers. And the next special feature is that the name is also “NFT”, which means that no two names will be duplicated.

For example: Trump, China, USA are names you will never be able to give, because someone has given their work.

There will be an additional token, the Name Changing Token (NCT), naming merchandise through NCT, which can be swapped with other artwork participants. Each name is unique and can only belong to one NFT. So users are not simply buying a rare piece of art from Hashmasks, it’s more than that.

There are a total of 16,384 unique Hashmasks. Each of them is created by a combination of several different artists. They had a variety of masks, eye colors, items, and other attributes, but sold out long ago.

Read more: NFTs: New Artistic Trends?

Portion

Portion is largely driven by mainstream artworks. Professional Marvel artists have decided to release about 25 unique Marvel works on the Portion.io platform.

Some NFTs will also be used in exchange for original and physical hand-drawn work. The first wave of artists were Dan Panosian, Matteo Scalera, Dave Johnson, Andy Kubert, Adam Kubert and Eric Canete.

It seems that due to the large number of fans, the Marvel NFTs pushed the transaction volume up quite high. Specifically, Portion has had a total of $123.29K in trading volume over the past 30 days, with a growth of 25,169.36%.

Portion’s daily trading volume broke ATH $36.86K on Feb. 16. PRT – project token. also shows roughly the same trend as its on-chain data, hitting ATH just 1 day after launch.

Starting with Marvel art, Portion aims to build a leading online marketplace connecting artists and collectors via Blockchain to easily sell, invest and own art and collectibles reach for complete transparency.

Regarding PRT, this is Portion’s token on Erc-20 used to govern and vote on the future of the platform. Newly released PRT for Liquidity mining, future artist sponsorship, partnerships and team members.

In addition, PRT will also be distributed as artists create the NFT, with 500 PRT per NFT. In the future, users will be able to use PRT to purchase artwork and collectibles on the platform.

Read more: 3 reasons the NFT (Non-fungible Token) market will thrive

summary

In the past few days, you can see that NFT is tending to rekindle and explode again. Besides Opensea or Rarible, there are also many exchanges springing up following the trend. But is this really a long-term trend? Please comment below with your thoughts

Refer to the original post here.