New Trends in NFT: The Rise of Cross-Chain Applications and Unique Artworks

With the continuous advancement of blockchain technology, the application scenarios of NFTs are also expanding. Users can freely access cross-chain NFTs, and the unique 1:1 NFT concept has sparked a new wave in this field. A certain cross-chain smart contract platform is actively enhancing the cross-chain access capability of NFTs, creating new possibilities for the use of NFTs across different blockchains.

This cross-chain platform has a diverse and active ecosystem, natively supporting ERC-721 and ERC-1155 standard NFTs, which can be used for cross-chain interconnected smart contracts. This means that Ethereum-compatible NFTs can be displayed and used on one platform without the need for cross-chain transfer. This flexibility will have a profound impact on the application of NFTs in various fields such as gaming, the metaverse, and art collections.

The platform is compatible with Ethereum and supports cross-chain transfers between ERC-721 NFTs and Ethereum, but this transfer operation may soon become unnecessary as the next generation of user-friendly applications will address the fragmentation of cross-chain functionality and user experience issues.

NFT Market on Cross-Chain Platforms

Several well-known multi-chain NFT markets have already made innovative attempts on this platform, including some mainstream NFT trading platforms. As a cross-chain interconnect application platform that can access any on-chain users and services, it provides an ideal environment for NFT markets to reach users across multiple blockchains.

A team member from an NFT platform stated: "We support over 30 chains, and this cross-chain platform is a very important one. There are many projects deployed on it, all of which are high-quality projects, and it has facilitated the construction of many strong communities, which is crucial for the development of NFT projects. We will continue to provide full support for it, and its growth will contribute to the development of the NFT market."

Another representative of a multi-chain NFT marketplace that supports NFT creation, issuance, auction, and social interaction explained: "We support this network because it has strong compatibility and interoperability, which provides long-term potential for the NFTs on it, especially for 1:1 NFTs."

Projects built on this platform have seen the interoperability benefits brought by its cross-chain smart contracts and integrated cross-chain communication capabilities.

The growth and strategy head of an NFT trading platform said: "We firmly believe in the future of cross-chain and multi-chain. In this regard, we are excited to work together with the development team and its community to create value on their chains and collections, which will be the focus of future success."

This platform is integrating functionalities from ecosystems such as Ethereum, Cosmos, and Polkadot to address the current issue of fragmented user experience, achieving true interoperability and laying the groundwork for next-generation applications. Enhancing user experience is key to driving broader adoption, and the NFT sector is an effective way to achieve this goal.

A person in charge of an NFT market shared: "We are a market focused on 1:1 art and 100% governed and planned by the community. New collectibles on the market must be approved through holders' votes. Membership certification also requires community voting, and even the platform's new features and development direction are controlled by the community and artists."

The CEO of another NFT trading platform stated: "Our market aims to provide a familiar and friendly user experience. We want new users in this field to easily understand NFTs and trade them. The ease of cross-chain trading is key to the user experience. Therefore, we are connecting with partners to assist in the development of solutions that allow NFT bridging. Cross-chain NFTs are the direction of the future, providing users with an interactive layer to easily trade and interact with these NFTs."

The Value and Application of NFT

NFTs exist on the blockchain and have unique identifiers. They are non-fungible and non-interchangeable, which is why a market centered around collectibles has emerged.

NFTs appear in the forms of photography, music, digital art, collectibles, 1:1 art, tickets, memberships, game avatars, and domain names. NFTs can include generative art, original art, or a series of images. Creators can choose the minting method, location, and quantity of NFTs based on the intended use.

The value of NFTs comes from community demand and scarcity. Just like artworks, "rarity" makes holding NFTs extremely valuable. NFTs can also provide utility, including access to specific communities, the metaverse, and games. They can be used for voting, providing proof of ownership, and more. In some cases, NFTs can also serve as collateral.

As the possibilities of Web3 expand, new NFT use cases will continue to increase. NFTs will be used to represent tradable portfolios, allocate royalties, collect, trade, and play games, while also preventing fraud and supporting staking in decentralized finance.

The success of an NFT project relies on the power of the community. NFTs are becoming a bridge between traditional art communities and digital blockchain art. As more and more people understand and appreciate the potential of NFTs, online communities are bringing more users into the Web3 world.

The Unique Charm of 1:1 NFT

When minting an NFT, creators can choose to issue a series or a single version of the artwork. When a single artwork has only one version, this is a 1:1 NFT.

Unique NFTs often have a higher market price than series NFTs, which also drives the growth of market demand. Another reason why 1:1 NFTs are worth noting is that these NFTs often come from artists who bring their fans and communities into the market, increasing market demand and interest, while also demonstrating the importance of a familiar purchasing and trading experience. In addition, unique added benefits may further expand the influence of 1:1 NFTs, such as offering VIP privileges for attending events or physical artworks.

The cross-chain platform provides the infrastructure for user-friendly development of applications and projects that offer liquidity in Web3, with its impact extending to the NFT field. The 1:1 NFT model is changing the landscape and has the potential to address a range of issues, such as how artists receive royalties and how fans purchase artworks.

A certain NFT marketplace focuses on providing users with creative freedom. They "have been committed to developing a fully functional product from the beginning, creating a simple, easy, and exciting experience for users."

The CEO of the market stated: "To this end, we have designed creation features that include various categories of NFTs, including 1:1 NFTs. These unique NFTs will benefit from all current features as well as upcoming new features. Our goal is to support all forms of creation, allowing users to focus on their art, games, brands, or other visions. We provide technical support, enabling them to concentrate on the experience itself."

Artists on the cross-chain platform

Although the number of 1:1 NFTs is small, they bring the community into Web3 as part of the "fan" journey. This is a collaborative experience that bridges the gap between the art world and the supportive art community. An artist named Angela Pencheva minting and showcasing her work on the platform is a prime example of this process.

Angela Pencheva is an artist, NFT creator, and designer who is creating her first 1:1 NFT project on the platform. Angela lives in Sofia, Bulgaria, and was introduced to NFT projects while working as a UI/UX designer, which ultimately helped her paintings appear in two successful NFT projects.

Traditional artists are moving their communities into the Web3 space through 1:1 NFTs. From this perspective, as more users open cryptocurrency wallets and use these currencies for transactions, 1:1 NFTs are likely to promote broader adoption of blockchain technology.

"As the NFT world increasingly focuses on practicality - which often poses a challenge for artists," said the head of a certain NFT platform, "we will provide long-term support for NFTs on the platform and future integration with the metaverse. This way, we can offer practicality, allowing artists to focus on creating artworks, unleashing creativity, and telling their stories with peace of mind."

Artists interested in the NFT space can collaborate with experienced teams during their transition from Web2 to Web3, teams that have extensive experience in building online communities, minting NFTs, and utilizing related tools.

Despite the challenges of learning terminology, the minting process, gas fees, and other knowledge, Pencheva still believes that entering the NFT space is one of the best experiences of her career. The biggest difficulty is bridging the gap between the traditional art world and the digital blockchain world as an artist.

The entry of real-world art and its fans into the digital realm marks a shift in how people use NFTs and the potential future directions for NFTs. The focus of NFTs is no longer solely on gaining short-term profits through the buying and selling of simple digital images and randomly generated artworks, but rather on the quality of these works and the authenticity of the artists.

Build on cross-chain platforms

The cross-chain platform played a key role in helping Pencheva transition to Web3. After she conducted her own research and decided which blockchain to build on, the platform team immediately set to assist her. According to Pencheva, it was the unique interconnection contract strategy that ultimately led her to choose this platform.

"As an artist, I don't want to limit my NFTs to a single chain because I see so many chains being developed in the Web3 space. However, with the assistance of interconnection contracts, I can significantly reduce the risk of choosing an NFT deployment location, as long as they are on this platform, they can interact with other chains," Pencheva said.

The platform's ecosystem and the overall atmosphere of the community have also attracted Pencheva. She explained, "Everyone has been very open and supportive towards me, and they are more than willing to help, which is just great for someone like me who is new."

The platform continues to support ecosystem development through the practical application of cross-chain interconnection contracts and Web3 concepts such as NFT, decentralization, and community. Building user-friendly applications will continue to simplify interoperability between blockchains and promote the widespread adoption of blockchain technology (including in the art world) through 1:1 NFT.