In this article, the author will take you to understand the innovation and uniqueness of Jteam Champion NFT from the following aspects: First, the author will generally analyze several mainstream success categories in the NFT industry. Secondly, introduce the JTeam sale method. Then compare the innovations of JTeam Champion NFT compared with traditional NFT
1. What are NFTs?
With the continuous hype of the concept of metaverse, NFT has gradually attracted the investment attention of the market. NFT is often associated with blockchain, currency circle, artwork, games and other concepts. A pixel picture, a song, a paragraph As long as these seemingly ordinary digital virtual products such as videos are combined with NFT, they can be transformed into a new form, and their value will skyrocket, becoming the primary investment target of investors and auction houses. But what exactly is NFT is still unclear to the public.
The official definition of NNFT (Non-Fungible-Token) is a non-homogeneous token, which is attached to the existing blockchain and uses smart contracts to record the ledger. In layman's terms, it is the only and inseparable token , can be bound to some commodities in the real world. Original digital products on the network, or physical items can be mapped to generate NFT, so as to provide digital assets with unique and unique proof of identity and ownership, and can also be tracked in time Its circulation, transaction process and final destination.
2. Classification of NFT in various fields
Figure 1. The main application fields and transaction volume ratio of NFT
2.1 Circle Avatar NFT Projects
2.1.1 CryptoPunks
In June 2017, the world's first NFT project, CryptoPunks, was released on Ethereum, consisting of 10,000 unique 24x24, 8bit irregular pixels. Pixels are divided into five types: male, female, zombie, ape and alien , of which there are 6039 and 3840 male and female pixels respectively, the other three types are relatively rare, and the rarest alien pixel has only 9. Each pixel has its own unique appearance and characteristics randomly generated, such as pilot helmet , cowboy hat, purple hair, blue eye shadow, etc. Different pixels have different numbers of features, and pixels with 7 features are the rarest (only 1), followed by pixels with 0 features and 6 features. The numbers are 8 and 11, respectively.
Figure 2. CryptoPunks pixels
According to data from the official website of CryptoPunks, as of October 4, 2021, the number of CryptoPunk sold in the past year was 11,752, with a total cumulative sales of 1.43 billion US dollars. Among them, the pixel with the highest price is CryptoPunk#3100 Alien, Its price is as high as 7.58 million US dollars, and the price of the lowest-priced CryptoPunk also exceeds 400,000 US dollars.
2.1.2 BAYC
The Bored Ape Yacht Club (BAYC) is an Ethereum-based NFT collection of 10,000 unique Bored Apes. Each Bored Apes has a series of characteristics, which are programmatically generated from more than 170 characteristics, including expressions, clothing , headgear, etc.
Figure 3. BYAC profile picture
With every Bored Ape Yacht Club membership card, holders can enjoy member-only benefits. The first benefit released is a collaborative doodle board called THE BATHROOM, a digital board that resembles a dive bar bathroom wall. BAYC holds Owners can access BAYC Discord, which is a server where owners chat and hang out. The biggest feature of BAYC is that you can get additional NFT collectibles, such as Bored Ape Kennel Club dogs, which are usually airdropped to wallets holding BAYC NFT for free . These new NFTs are often resold in exchange for more changes. Ape holders also have full commercial use rights to their NFTs. Future revenue plans will be unlocked as the project and its roadmap progress.
2.2 Art NFT projects
The "generative art" NFT has attracted attention on the Ethereum network. Crypto art sales are dominated by four major platforms, namely Art Blocks, Nifty Gateway, Foundation, and SuperRare. Among them, the NFT project Art Blocks currently ranks first in daily trading volume. In June of this year, multiple generative art NFTs, including 19 works of Art Blocks, were auctioned at Sotheby's, a traditional art auction house. Art Blocks is a typical project in this track. This project was launched at the end of last year, a few years later than CryptoPunks and Axie Infinity, but the current 24-hour transaction volume and 7-day transaction volume of Art Blocks has surpassed the two projects, ranking first.
Figure 4. Ranking of Art Blocks transaction volume
The prosperity of the NFT market for NFT digital art works provides opportunities for artists to expand new markets and create new profit models. NFT solves some of the common problems in traditional art collections such as identifying the authenticity of works and tracing the original creator. The emergence of an online centralized platform has also largely solved the problem of high fees for offline galleries in the traditional art field, eliminating fixed costs such as venue fees, appraisal fees, etc., allowing artists to obtain most of the value of their creations and encouraging them to Creation. The online transaction of an NFT work completes multiple transactions and ownership transfers in a few minutes, which will subvert the traditional transaction method and cycle, and bring about major changes in the transaction model of the traditional art market.
2.3 Game NFT projects
Axie infinity, as a blockchain game that integrates battles, cards, sales, and land leases, has also captured many players in a short period of time. The Axie Infinity team began to develop a real-time card battle system in March 2019 and The Axie Infinity APP was launched. As of October 2020, the app has accumulated more than 15,000 downloads. The token SLP in the game, the full name is Small Love Potion, and later changed its name to Smooth Love Potion after the upgrade. In the mode, you can receive up to 100 SLPs, and players can also win more SLPs during online battles. If players are familiar enough with pets and skills, they can get about 100-150 SLP by logging in to the game for about 2 hours a day. According to the current price of SLP on Binance Exchange, SLP=0.17 USD, which is roughly equivalent to 1 yuan RMB, that is, an income of about 3000-4500 RMB per month.
Figure 5. Axie Infinity game
In addition to SLP, players can also earn more income by buying and selling Axie here. In this game, players use Axie, which is the elf in the picture above, to fight. They can even use two Axies to breed, and then hang them on the market for sale. This kind of team battle method is similar to elves at first glance The gameplay of Pokémon is very similar, and the development team also admitted that it was inspired by this game,
The core of this game is Play to eran, which is also the characteristic promotion of the game on its official website. This game can not only pass the time as a pastime, but also can be used to make money. Players can get more income by buying and selling Axie, because every Pets have unique characteristics, which are similar to the previous very popular encrypted cats, so some pets with higher numbers and higher purebred degrees have very high value. For example, some Axie can even sell for thousands or even hundreds of dollars. Thousands of Ethereum.
3. Introduction to the NFT project launched by JTeam
Figure 6. JTeam logo
3.1 Project Introduction
JTeam is an e-sports team created by Jay Chou. The "League of Legends" division of the JTeam e-sports club won the LMS League Summer Championship on August 31, 2019, and the "Eternal Tribulation" division won the championship on January 16, 2022. Champion of the three-row mode of the World Championship, with unlimited development potential. With the global upsurge of blockchain, metaverse and other concepts, JTeam has always been at the forefront of the industry. Combining the two fast-growing industries of e-sports and blockchain, Cooperate with cutting-edge trendy brand designers, issue fan medal NFT and champion slippers physical fashion products, holders can have the opportunity to get tickets for e-sports games, JTeam's signature commemorative medals, joint customized products with other well-known IPs, and other currency-holding members exclusive rights.
2.2 Introduction to NFTs
This time, JTeam will issue 1,000 champion J club NFTs with circle attributes and a total of 10 million fan medals. At first, all fan medals are locked. With the release of the first Champion J Club NFT, each champion NFT will give away 1,000 fan medals. Therefore, in the first phase, 1 million fan medals will be released from the 10 million fan medals.
All fan medals will be bundled and sold in the form of joint NFT, game tickets, and fan signatures. If there are no other equity products, the unreleased fan medals will be locked until the next fan product is released. At the same time , JTeam and cutting-edge designers launched the champion commemorative limited edition slippers NFT.
A total of 1,000 limited slippers NFT + fan medals are packaged for sale, each priced at 2,000$. Each copy includes a limited edition champion slippers NFT with a delivery coupon and 1,000 fan medals. In addition, the project plans to cooperate with other large-scale Communities and e-sports forums, customized community pattern medals to meet fan rights. At the same time, Champion J Club will also organize a series of circle-level activities around e-sports and vertical fields of culture and sports.
2.3 The difference between JTeam and traditional NFT
2.3.1. JTeam has a strong fan base
The NFT issued by JTeam relies on its huge fan base as an e-sports team, with a wide range of potential users. The global e-sports population is about 1.889 billion, and the revenue of e-sports clubs is about 1.89 billion. In the next three years, the global encrypted population will be about 1 billion. E-sports The market scale continues to expand, and the public's recognition continues to increase. Market: The overall e-sports market size in 2020 will exceed 145 billion yuan, and the growth will mainly come from the rapid development of the mobile e-sports game market and the e-sports ecological market. It is expected that the e-sports market will grow in 2021 It will exceed 180 billion yuan. E-sports has entered the fast track of rapid development. The scale of e-sports game users continues to expand. The government has introduced favorable policies for the e-sports industry. Celebrities have a strong fan appeal, which means that the NFT issued by JTeam has strong social attributes, and there is a lot to be done in community building, and the secondary market for its trading and circulation is broad. In addition, JTeam and many well-known brands of IP Joint sale, with unique collection value, gradually forming a large-scale player membership club.
2.3.2. Binding with physical objects
Different from traditional NFT projects, the fan medal NFT launched by JTeam this time is bundled with the champion slippers made of aviation materials, which has both collection and practical value. The limited edition champion e-sports slippers produced as the raw material supplier of Musk’s SpaceX rocket , The champion e-sports slippers released by JTeam absorb e-sports elements and trendy brand designs, which can meet the needs of JTeam fans to collect e-sports peripherals. A number of well-known brands in the joint cooperation, such as the popular BAYC project, gradually unlock more benefits that can be exchanged for fan medals, and launch more physical fashion brands, bringing fans and collectors richer experience and expectations.
2.3.3. Unlock various rights and interests
JTeam is also different from other NFCs that have been popular recently. It is rooted in e-sports competitions and has a story. Fan medal holders can participate in various activities organized by JTeam and enjoy the services and products provided by JTeam. J not only meets In order to provide digital assets, this time NFT will bundle its fan medal NFT with limited edition champion slippers and e-sports tickets to ensure that token holders can enjoy definite rights and interests. With the later cooperation with well-known IP and popular fashion brands Further development, integrating and revitalizing the traffic of various communities, and introducing more fans and investors, the value of NFT launched by JTeam is expected to continue to soar.
More details about Champion J Club:
1. Official website: Click here to enter the official website
2. How to participate in the JTeam NFT project?
3. About the sale of J Fans Medal and Champion J Club NFT
4. Twitter: https://twitter.com/jfans_space