OVO - Japan's Largest NFT Platform, Explore The Logic Behind The Sales Of 60,000 NFT Blind Boxes

KingData ·2022-07-04

NFT is an on-chain asset that marks the uniqueness of digital assets in the digital world. Recently, under the craze of the metaverse, a magic realism blockbuster has been set off in the field of art collection.

When an art piece, a picture, a song or an avatar blends with NFT and the blockchain, a code string is generated, and the value skyrockets exponentially, breaking the cap of the real world. NFT is extremely popular, and it has become a passport to the metaverse. As people shift their attention to NFTs, NFT marketplaces grow in popularity.

NFT marketplace is the operation center for NFT creation and trading, which can be viewed as the "transportation hub" of the NFT world. As a technical means, NFT is still in its infant stage and its value can only be manifested via underlying carriers and scenarios. A dizzying array of hosting platforms make up the global NFT market. Users can transact with creators or other NFT holders on the marketplace if they want to realize the value.

There is no doubt that the NFT market is booming. While most of the heat is concentrated on Ethereum, BNB Chain, as the third largest public chain, also sees a rapid development of its NFT ecosystem. Let's browse some trending platforms and the mainstream NFT Marketplaces on BNB Chain.

Binance NFT Market

Binance NFT Marketplace is a platform that allows you to operate and create non-fungible tokens, where artists, musicians, collectors and athletes showcase their talents and tokenization is achieved fairly. Users can register, sell, auction and display various forms of art pieces, including game and music. NFTs can be minted on Binance Smart Chain and Ethereum, and can even be transferred between the two blockchains, if the creator sells the collection on the market, he/she will receive a 1% royalty, and the same rule applies to NFT minting on other platforms.

Support chain: BNB Chain

PancakeSwap NFT

PancakeSwap is the most widely used and well-known Dapp on the Binance Smart Chain (BNB Chain). PancakeSwap, an automated market maker based on BNB Chain, launched the NFT market last year, ensued by the PancakeSquad NFT series. The proceeds from the NFT market and PancakeSquad NFT will be used to buy back and burn CAKE. Users also need to use CAKE to mint PancakeSquad NFTs. At present, Pancake is undoubtedly the leading DEX of BNB Chain, and currently supports NFT Marketplace. Thanks to the traffic volume of its DEX, PancakeSwap is also at the top in the entire NFT market.

Support Chain: BNB Chain

OVO - Japan's Largest NFT Platform

OVO (ovo.space) is the No.1 NFT issuing platform in Japan, and the first holographic AR-NFT has launched on OVO. The platform provides one-stop NFT solutions for IP works and connects NFTs to Web3 and Metaverse. 

OVO is deployed on BNB ETH and Flow Chain, and provide many functions, such as distribution, mystery box, Marketplace, auction, Fusion, Genesis NFT-DAO, Collect to Earn (C2E), NFT-Staking, etc.

The anime image Nyathees, which has been launched so far, has more than 5 million paid downloads in Japan's LINE emoji store. Currently, the NFT sales on the OVO platform have exceeded 60,000, and the on-chain interaction has exceeded 100,000. It has become a phenomenal Web3 product .

In the future, OVO plans to launch web3.0 projects authorized by Japanese IP, and create an OVO metaverse - MetaArtia that restores Japanese street , and inject high-quality IP and projects into the setting, so that users can use their own avatars to interact with peers in the metaverse.

1. IP Introduction

Nyathees is a popular Japanese anime character. Nyathees' LINE emoji packs have received over 4 million paid downloads. OVO has signed an exclusive contract with the creator of Nyathees, which has become one of the most famous NFT characters in Japan.

The Nyathees character has considerable influence on NFTs in Japan. The sales of NFTs on the OVO platform exceeded 60,000, and the on-chain interactions exceeded 100,000.

Nyathees Mystery Box RoundBlind Box Series 3 will go live in July, and the new and new Nyathees NFT will be released. More C2E rewards are here for claiming, so stay tuned!

OVO×COG

"Onigiriman" is one of the most influential painters in NFT art, known for making illustrations for PopGirls. On OpenSea, Onigiriman's total volume has reached 249 ETH. OVO has signed a deal with Onigiriman and Cuty Owl Girls NFT has been released on OVO.

 

OVO×Gravure idol

Gravure idols are cute and unique, which haves become highly popular world wide. Gravure idols have more than 15 million fans around the world. Over 17 Japanese Gravure idols have signed exclusive deals with OVO. Gravure idol's NFT were released on FlowFest in 2021, and were sold out in 5 days, setting the fifth place in Flowverse sales ranking.

OVO×FLUcTUS

OVO and GOAT Japanese music producer TETSUYA KOMURO jointly launched Sound Art NFT on ETH chain. He once praised famous singers such as Ayumi Hamasaki and Namie Amuro. One of the Sound Art NFT was auctioned on 6/25 and the bid price was up to 89 ETH.

At present, the OVO team is exploring cooperation with more Japanese mainstream IPs to launch more NFTs, so stay tuned.

2. Platform Functions: Holographic AR-NFT, issuance, Mystery  box, MarketPlace, Auction, Fusion, Genesis NFT-DAO, Collect to Earn (C2E), NFT-Staking and other functions.

OVO(ovo.space) is the first platform in the industry to issue holographic AR-NFT assets. 5-Star Nyathees can be upgraded to AR-NFT assets, which is much more valuable than others. The NFTs issued by OVO will be imported into the Metaverse and GameFi platforms as Super Avatars. Users can use the NFT as their Avatar and ship them to the Metaverse platform.

The MarketPlace of OVO is active, there are many NFT players and digital art collectors are trading in OVO.

The main distribution channel on OVO is the mystery box. You can directly obtain high-value NFT assets by drawing the mystery box. OVO has also developed a Fusion function, and users can use five low level NFT to fusion for a high level NFT. Different star NFTs have different functions and values.

This feature provides new value to low-star NFTs. After completing the collection, you can claim rewards (such as Secret NFTs with super NFT-Mining power)

Holders of Genesis NFTs can continue to produce NFT. These NFT cards can be used for community construction, airdrop to contributors or consensus members, and the governance of community DAO. Genesis NFT, as a DAO tool, expands the potential of Web3 and turns your imagination into reality. 

The new circulation system brought by Genesis NFT aims to realize the vision of creators and participants to jointly build the brand.

From now on, we will see a new consensus that will benefit not only creators but  NFT holders as well, with an even distribution of wealth.

3.Japan's Largest NFT Platform OVO

OVO is among the hottest topics on Twitter in Japan, and its interaction data on the NFT chain is always on the top. Because of the realization of functions such as C2E illustrations, OVO has successfully incentivized users to collect cards, and users will actively socialize in order to obtain the required NFTs, which increases the activity of various language communities and stimulates efficient transactions and circulation of the secondary market.

OVO plays the role of "blockchain publisher" in Japan, develops NFT applications based on Japan's traditional two-dimensional IP industry, integrates the fan economy with Crypto, and realizes the value of traditional IP in the Crypto world.

OVO has huge Japanese heavyweight IP resources and high-quality creators. As we all know, Japan's ACGN cultural audience covers the world, and its overseas animation market volume has reached 589.8 billion US dollars, and is expected to reach 744.8 billion US dollars in 2022. Normally it is very difficult to obtain Japanese animation IP authorization, because the Japanese copyright industry is relatively conservative. All copyright resources are under the control of private organizations. The digital copyright global certification service of OVO (ovo.space) has formed a close bonding with the Japanese animation IP industry, leading to a unique "regional advantage".

Investor Background

OVO has received strong support from many first-tier venture capitals, including Y2Z Venture, Avalanche, Ayanna Research, KuCoin Ventures, LD Capital, YOOSHI, Nothing Research MEXC Global, Gate Labs.

Summarize

When the metaverse begins to really catch on, a major shift in ownership of the digital economy is evident. The economic system of the Metaverse will rely on NFT platforms. Aggregation platforms like OVO, which makes interaction with IP creators possible and provides users with 3D and holographic AR visualization NFT, synthesis, native NFT-DAO, Collect to Earn (C2E), NFT-Staking and many other functions, will certainty stand out and lead the future of NFT and the Metaverse.Homepage: https://www.ovo.space/

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