Recently, 2 powerful newcomers have entered the fierce competition in the growing NFT market. Today, let’s check what they are and why these 2 new NFT marketplaces can gain amazing sales volume at the beginning.
Hashmasks
When we analyze the NFT Market Booms in January 2021 (NFT Market Booms in JanAgain, 3X December’s, What Happened and What to Expect Next?), we’ve mentioned Hashmasks as the main reason that pushed up the secondary market OpenSea’s volume.
Launched for less than 30 days, in total, Hashmasks has raised over 7,600 ETH worth about $10M from its recent sale. Its 30d volume of $13.53M ranks No.4 among all marketplaces. It becomes one of the leading dapps in Ethereum marketplaces.
(The black dot line represents NCT token price.)
You can see the on-chain volume hit a peak at the end of January, right during the sale. The highest daily volume was $4.32M on 31st Jan.
So what makes Hashmasks different from other NFTs?
Hashmasks introduces a combination of digital art and collectibles with a value hierarchy determined by both the creator and the consumer of the artwork. The control over the rarest of all traits – the name – is given to the full extent to the consumer. Yes, you can customize the name of your mask NFTs.
For example, popular names that have already been taken are Trump, china, usa, love, covid19, etc.
By holding the artwork, you accumulate the project’s utility token, Name Changing Token (NCT), on a daily basis. Naming is commoditized via the NCT token, which can be interchanged with other participants of the artwork. Each name is unique and can only belong to one NFT. So you are not simply buying a piece of rare art from Hashmasks. You are part of the art piece. The smart contracts allow you to assign a name to your Hashmask, giving you the ability to add your unique stroke to the canvas. And your NFT can serve as your digital identity.
There is a total of 16,384 unique Hashmasks. Each of them is created by a combination of several different artists. They have varying masks, eye colors, items and other attributes. Now the sale has ended.
Portion
The NFT marketplace Portion was boosted by the mainstream artworks.
Professional Marvel artists have decided to release approximately 25 unique Marvel pieces on the Portion.io platform. Some of the NFTs will also be used to redeem the physical and original hand-drawn work. The first wave of artists is Dan Panosian, Matteo Scalera, Dave Johnson, Andy Kubert, Adam Kubert, and Eric Canete.
The Marvel heroes and their great amount of fans triggered Portion’s volume. It has accumulated $123.29K volume in the past 30 days, with a 25169.36% increase, ranking No.11.
(The black dot line represents PRT token price.)
Portion’s daily volume broke ATH $36.86K on 16th Feb. PRT token price shows almost the same trend as its on-chain data, which hit ATH just 1 day after the volume. Remember to check its on-chain date for your PRT trading strategies.
Starting with Marvel art, Portion aims to build a premier online marketplace connecting artists and collectors through Blockchain technology to easily sell, invest and own art and collectibles with complete transparency.
Portion has already issued its utility token Portion Tokens (PRT), which are ERC-20 assets on the Ethereum blockchain. You can use PRT token to decentrally govern and vote on the future of the platform. New PRTs are released for liquidity mining, artist grants, partnerships, and future team members. Also, new PRTs will be distributed when artists create new NFTs, currently 500 PRT each. In the future, you’ll be able to use PRT to purchase art and collectibles on the platform.
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