Part 2 of a 4-part series on the latest ERC-721 innovation
A Blockchain Collectible for the Ages
As the first collection of NFTs on a platform poised to become the de facto standard for NFTs, the Liquid Bulls collection is positioned to become extremely valuable in the near future.
Disclaimer
Please note this article is intended for informational purposes only. All views and opinions expressed are my own, and should not be considered financial advice, nor considered the views and opinions of the Liquid NFT Marketplace. Always do your own research, and consult with a financial advisor before making any investment decisions.
What is the Liquid NFT Marketplace?
The Liquid NFT Marketplace is a decentralised peer-to-peer platform developed by industry experts, to create a safer, and more profitable environment for buying and selling NFTs.
It is part of the Crypto Marketing Company (CMC) Group, a UK-based marketing and media conglomerate focusing on blockchain based business concepts. The Liquid platform is revolutionising the NFT market, by introducing liquidity-backed NFTs as a standard.
This allows a Liquid NFT holder to have an asset that has a real-world value outside of what another person is willing to pay for it.
The NFT’s liquidity is initially 50% of its mint price. The dynamics of the Liquid Marketplace ensure that the liquidity of any Liquid NFT, and hence its base value, will always trend upwards.
Another feature that the Liquid Marketplace will be bringing to the crypto industry, is the ability for NFT holders to obtain loans using their NFT as collateral.
This feature will be rolled out in subsequent updates to the platform.
Once available, more information will be provided on its function and use.
The Liquid Bulls
The Liquid Bulls collection is the first on the Liquid NFT Marketplace. It was originally designed to serve as a beta test for the platform.
It allowed Nathan Hill, the brainchild and CEO of the marketplace, the ability to fine-tune the platform, as well as provide a “proof-of-concept” for Web3 enthusiasts.
After the success of the collection, Liquid announced that the NFTs will also have utility.
The Liquid Bulls is a fully fledged project, with all the “bells and whistles” that come with such an endeavour.
The Liquid community is currently waiting with bated breath for details regarding the NFT’s utility.
The collection is comprised of 2,500 NFTs.
It depicts a bull standing majestically with its gaze forward, and slightly beyond the viewer’s.
The bull’s left hoof is placed on an item of choice. Its right, raised slightly and held beneath its body.
The collection consists of 10 variable attributes. With variations to each.
Each variation is assigned a rarity level, which determines how often it appears on a minted NFT in the collection.
The Liquid Bull attributes are as follows:
- Background — 16 Variations
- Floor — 4 Variations
- Body — 7 Variations
- Tails — 6 Variations
- Hoofs — 7 Variations
- Horns — 7 Variations
- Nose & Ear Attributes — 12 Variations
- Studs — 8 Variations
- Spikes — 5 Variations
- Objects on Floor — 5 Variations
To decide the rarity of an NFT in a collection, an aggregate score is calculated from all the attributes present in that NFT. The collectible’s score is then ranked against the scores of the other NFTs in the collection, and a list is produced.
The NFTs have been created on the Polygon Blockchain, which is known for its scalability and low transaction fees.
These attributes make Polygon an ideal choice for the creation of the collection.
In summary, the Liquid NFT Marketplace is a pioneering platform that introduces liquidity-backed NFTs, which provides users with stable liquidity. As well as the ability for that liquidity to increase over time due to the transaction volume of the marketplace.
As its inaugural collection, Liquid Bulls offers investors a unique opportunity to possess a piece of blockchain history.
An investor has burned one of the Liquid Bull NFTs so far. While this has provided invaluable data for the beta test the collection was originally designed to facilitate, I hope for his sake, he doesn’t go on to become the NFT equivalent of the guy that paid 10,000 Bitcoin for a pizza.
This now infamous and unfortunate pizza connoisseur is a programmer who goes by the name Laszlo Hanyecz.
As the first collection of NFTs on a platform poised to become the de facto standard for NFTs, the Liquid Bulls collection is positioned to become extremely valuable in the near future.
God willing, the Liquid Bulls collection on the Liquid NFT Marketplace will become a legacy masterpiece of blockchain technology.
At the time of writing this article, some of the Liquid Bull NFTs are still available to purchase.
If you have any questions about the Liquid NFT Marketplace, the Telegram group can be found here.
For all blockchain enthusiasts, the time to act is now.
Interested Project Creators
My name is Prometheus Bones, and I’m an ambassador for the Liquid NFT Marketplace.
Any project creators who are interested in launching their collections as a Liquid NFT, please feel free to use my referral code to do so.
It will help me out greatly, and allow me to continue doing the work that I love in the Web3 space.
For my referral use the URL (link) below.
https://liquidnfts.finance/share/0xca6d817199d4bd248a53a24e17731bb8c84dab88
Also, if crypto is your thing, you are more than welcome to follow me on X (Twitter).
I am a Bitcoin Maxi, and I post quite regularly.
Many thanks.
The Liquid Bulls: An Inaugural Collection was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
from The Capital - Medium https://ift.tt/Drs4hO7
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