📋Know about Nemit

Empowering the creators,collectors and players.

The NFT market is developing rapidly, and the performance of the NFT encryption market indicates that it is going to enter a phase of even faster development.

NEMIT is a decentralized NFT&GameFi platform base on Binance smart chain,it is driven by game guilds which aims to empowering the creators,collectors and players.Many IPs and artworks will be made into gamified NFTs by the developer community,combined with the DeFi financial system to create a gamified financial ecosystem. Through Gacha's game mechanism, limited edition NFT and the distribution and circulation of $MIT tokens, players can increase their participation in the NFT&GameFi ecosystem and create a sustainable and prosperous game economy system.

What is NFT?

A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.

Features and advantages of NFT

There are three main features of NFT, namely: Rarity, indivisibility and uniqueness.

Rare: This is almost the most important value of NFT. All creators can decide (or produce) a certain art form as a "resource", and can decide to limit its quantity to ensure the scarcity of this work.

Indi isible: NFT works are not like other cryptocurrencies that can be cut into many small units. NFTs can only be traded as a "whole".

Unique: Each NFT work contains a unique "identification information", and this information will be permanent and unchangeable.

At the same time, because NFT is based on the application of Blockchain technology, it also has the advantages of ownership, transferability and authenticity.

Ownership Using the technical foundation of the blockchain can ensure that the ownership of the NFT will not be destroyed.

Transferabilit NFT can be transferred on certain trading platforms, just like an art market. Based on blockchain technology, every transaction is completely transparent and can be traced back.

Authenticit Because the above features are the advantages of the blockchain, when combined, NFT is inherently unalterable.

NFT is also another gateway between the real world and the encrypted world, like artists monetizing their digital artworks; creating verifiable game items in games; creating a new digital collection ecosystem; and turn real-world assets into tokens to improve liquidity. Due to the ease of transfer and proof of ownership, NFT undoubtedly provides a wide range of possibilities for real world and virtual assets.

Market

Bankground

According to a report by Nonfungible.com, the market value of NFTs has exploded in recent years. According to their calculations, the market value of NFTs in 2018 was slightly less than US$41 million . By 2020, the compound annual growth rate reached 18.38%, increasing to US$338 million . Total NFT sales in the first quarter of 2021 have soared to more than US$2 billion.

As of April 19, 2021, there exist six major encrypted art platforms for NFTs: SuperRare, MakersPlace, Known Origin, Async Art, Foundation and Nifty Gateway. Together they have sold 1 90 , 665 artworks, with a total value of US$550,039,020.92.

In February 2021 alone, the NFT art market expanded by US$80 million, while Metaverse and virtual LAND continued to grow. Sales at Axie Infinity reached 888 ETH (worth US$1.5 million). The Sandbox game “The virtual world” sold 3 million US dollars of LANDS NFT, more than the total for 2019 and 2020.

According to OKLink data , as of January 14, 2021, the total amount of DeFi locked up exceeded US$30. 5 billion, and the total market value of DeFi exceeded US$30 billion.

Gaming is seen as an interesting use case for NFTs because it gives the technology usability across one or multiple applications.

Why Nemit?

As we all know NFTs are easily transferable and trustworthy backed by the blockchain technology. The form of NFT could also help maintain the ownership rights. There are still some problems hindering the popularization and development of NFT, for example, the high entry barrier of smart contract programming for content holders.

So that Nemit would like to provide one-stop services based on the needs of requestors to customize NFTs supporting in conceptual design, artists cooperation, UI design, tech development, marketing strategy formulation, resource interface, NFT listing and trading,etc.

We can say that NFT create scarcity and produce collection value. But they lack two crucial things: liquidity and incentive mechanisms, which are essential in the field of encryption.

For this part, Nemit put GameFi into the system, with its decentralized structure, DeFi protocol can make NFT interoperable, which means that in addition to its initial use, it can be applied in different fields, such as unlocking items and staking or maybe even new applications that have not yet been discovered. On the other hand, the participation of Gamefi can help develop the NFT market through incentives to encourage transactions or create rare collectibles, obtain unique NFTs through revenue-based farm tokens, or pledge these NFTs to obtain other types of rewards. All these operations can happen automatically without the use of a third party, which means that non-homogeneous assets can now have a market influence.

Thus Nemit was born, offering NFT toolkits and Gamefi aggregators, to bring value to the whole NFT ecosystem. Let digital currency link the real economy, put commodities on the chain, value scarce commodities, and realize more asset interactions. In the future, as more and more people pay attention to the NFT market, NFT will also have a market size of hundreds of millions. The currency market will also become more attractive under DeFi+NFT.

Nemit Introduction

Nemit built a sustainable development Eco of Earn to support the whole ecosystem. All NFT artworks will be issued by the Gacha mechanism, where each Gacha will randomly draw any level of NFT. Users can use this NFTs to collect to earn, play to earn, stake to earn and it will also be the key to the Nemit metaverse world for further more games.

Governance

The Nemit community has a significant impact on the NFT or Game issuance on the platform. Every time a new project is issued, users can use MIT to vote, including the direction of the project, and users can also have the right to vote in decision-making processes. Maximize the value of NFTs and distribute the benefits to participants in through fair governance.

Every project operating on Nemit shares Nemit' s community resources-implementing democratic rules, MIT holders can vote on decisions related to each team. The Nemit autonomous community consists of smart contracts executed on Nemit, and only token holders can participate. Voting managed by the blockchain is public and auditable, ensuring that neither the Nemit platform nor the project party can manipulate the voting results.

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Last updated 3 years ago

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