Wed. Apr 24th, 2024

Driven by external factors, such as the continuous optimization and iteration of cross-chain projects and the gradual reduction of Ethereum Gas fees, the Non-Fungible Token or NFT has quickly emerged from the “home base” of Ethereum. From art, music, painting to GameFi, which is a trend in the market. NFT brings an infinite imagination to the market in 2021, even when the overall crypto-asset market is in a bearish state.

However, controversies about the NFT hype are endless. Some argue that they are a bubble about to burst, much like the internet boom or the liquidity mining fever of 2020. Others believe that NFTs are here to stay and will inevitably change the investment logic of the economy and society.

In the early stages of NFT’s development, it is undeniable that the market seems to need more projects to complete its innovation and experimentation before it can bring about revolutionary disruptions to completely solve several problems of inefficiency, slow price discovery, centralized pricing power, profit distribution, and total value discovery. In the future, whether NFT, a rapidly growing “value asset,” can become a “giant” in the capital market that cannot be ignored, only time will tell.

I. What is NFT?

Cryptocurrencies are divided into two major segments: the fungible token (FT) represented by Bitcoin, which generally have their main chain and use the transactions on the chain to maintain the ledger data. FT tokens can be substituted for each other and can be split near infinitely. The other one is the non-fungible token or NFT, which has the characteristics of being unique and intact.

The critical innovation of NFT is that it provides an unprecedented token of ownership through a decentralized approach. It anchors not the value itself but the value relationship of information and items on the blockchain. In other words, behind the NFT are “digital assets” issued on the blockchain, which can be game props, artworks, stocks, equity, properties and have the same uniqueness and irreproducibility as physical assets.

Indeed in the early days of the technology, many NFTs already existed in some form of digital creations elsewhere, such as securitized versions of iconic video clips from NBA games that have been circulated on Instagram as digital art. As Arry Yu, chair of the Cascadia Blockchain Committee of the Washington Technology Industry Association and managing director of Yellow Umbrella Ventures, said, “Essentially NFT creates digital scarcity,”

And with scarcity and ownership, markers come a change in how NFT is transacted: a decentralized way to effectively change ownership and complete the transfer and transaction of asset value. Also formally based on this, NFT is hailed by the market as, comparable to the DeFi boom, the next trillion blue ocean market. According to Reuters, market data shows that the NFT market soared to new highs in the second quarter of 2021, reaching $2.5 billion in sales so far this year, up from $13.7 million in the first half of 2020.

According to DappRadar data, in August 2021, the total number of users of OpenSea, an NFT trading marketplace, exceeded 20,000,000, and the average daily transaction volume already exceeded the annual transaction volume in 2020 (the annual transaction volume in 2020 was only $21 million). In the global market, the daily active wallet in the Ether NFT category alone grew 350% in the third quarter of this year compared to the second quarter, while the transaction volume grew 57% year-on-year; compared to 2019, the transaction volume grew 368% to reach an all-time high of $20 million.

II. Main issues of the NFT market

However, non-fungible token (NFT) based on unique scarcity in the NFT “value asset” relies on the economic and social value system, bringing a complete disruptive change before the market seems to need more projects to complete innovation and experimentation, to completely solve the inefficiency, slow price discovery, centralized pricing power, profit distribution, complete value discovery and many other problems. Full value discovery and many other issues.

First, most NFT trading platforms do not yet support full user autonomy in defining transactions, including pricing, distribution, and auction formats. Specifically, the pricing and the distribution rights of NFT works are held by a few collectors and head dealers, especially some head NFTs, and ordinary players have almost no good entrance to participate.

Second, the NFT market is still in the early stages of development; if the transaction and liquidity problems can not be solved, another product is bound to encounter bottlenecks. The current market surge is likely to become a flash in the pan. The most typical is that the recent NFT auction transactions to counter the aggregation-based, requiring multiple quotes repeatedly, inefficient transactions, fragmented trading sentiment, resulting in a lack of liquidity and slow price discovery.

Third, many NFT auctions and trading platforms support copyright owners in capturing initial auction revenue, but not secondary market revenue. In a sense replicating the traditional auction format, NFTs become a single, one-way copyright sale for copyright owners.

Fourth, head artists receive the lion’s share of market profits, and the actual long-tail works of superior quality do not have the opportunity to be fully discovered. On the other hand, the content and metadata represented by NFT are stored separately from the smart contract itself, as the content and metadata itself are too voluminous and cumbersome to be held on the blockchain. It is difficult for players to value NFT works effectively. There is no credible price reference for NFT individual pieces, posing an extremely high threshold for traditional art investment enthusiasts.

Or from the technology or the model …… many-objective problems, making the current NFT trading field, there is still a long-term deep reliance on the Internet era of the “fan economy” model. For example, those who have many followers on Twitter, Instagram, or YouTube, and those who are more active in the community, are likely to have access to more potential customers and have more first-mover advantage.

However, the market is ultimately focused on the value anchored by the NFT itself, and users are ultimately focused on the revenue and experience, not just the gimmick. Therefore, to form the final closed loop of the NFT trading market, to open the “last mile” of the trillion-dollar market still needs to continue to iterate and try around the “value-driven.” This is also the core reason why the NFT auction is hot, but the actual transaction volume is much lower than various Swap.

III. CryptoShow’s NFT asset-based solution

1. Product introduction

CryptoShow is the world’s first permissionless NFT auction and depository trading platform. Base on BSC, it supports BEP-721 and BEP-1155 standards when doing relevant transactions. CryptoShow allows users to empower and trade assets through priced issuance, multi-format auctions, NDR, AMM, etc., along with a variety of liquidity enhancement solutions.

2. Feature Highlights

2.1 Participation process

  • Issuance (copyright holder)

  • Depository trading (speculators)

  • Privatization (collector)

  • On this basis, the innovative way of introducing NDRs and the two core links of public issuance and privatization are used to effectively solve the many pain points in the traditional NFT trading and flow process.

2.2 Core underlying

  • Core underlying NDRs (NFT Depository Receipt)

  • Split the head NFT into multiple copies of standard Bep20 protocol NDRs, and the NDRs are priced through AMM for market-based pricing (to be upgraded to Bep-1155 protocol later).

  • Initial liquidity originates from issuance and ends with privatization invitation formation.

  • AMM uses the classical inverse proportional price curve to ensure wide-area pricing.

2.3 Public offering

  • The number of depositories is determined based on the number of participating addresses at the time of issuance.

  • Whitelist acquisition, ascending auction, and capital share subscriptions are used for the offering.

  • The public offering will retain 10% of the auction amount and NDRs as the initial liquidity plan.

2.4 Invitation to privatization

  • The NFT corresponding to the NDRs can be offered for privatization by holding a sufficient amount of deposit.

  • If the offer price of NDRs is not maintained at 95% of the offer price within the minimum stipulated period, the privatization will be invalidated.

If the offer price of NDRs meets the requirements during the offer period, the privatization will be approved, and the entire amount of the privatization will be paid to the holders of NDRs.

3. Core advantages

  • Upgraded issuance method, fairer pricing method, from the traditional single-point bidding decided by a few people to multi-point continuous bidding.

  • Fragmentation of the smallest trading unit, providing traders with the opportunity to participate in the pricing of top artworks.

  • Give investment collectors complete pricing reference, allowing traditional investors to enter the NFT investment collection field more.

  • Give all kinds of works full pricing and growth opportunities so that new independent authors can also have a better chance to discover the value of their works.

  • Amplify the importance of distribution so that the work’s copyright owner can get continuous full-chain revenue.

IV. CryptoShow Product Features and Rights Introduction

1. Core Services

  • NFT asset auction platform: casting, release, auction, transfer

  • NFT asset-based solutions — NDR (NFT Depository Receipt)* l Mining

  • Fundraising

2. Service scope

  • Crypto Collectibles — Collectibles

  • Crypto Artwork — CryptoArts

  • Virtual space control

  • Identity/rights authentication

  • Bep-1155 protocol-based game props

3. Allocation of rights and interests of the parties to the transaction

3.1 Public fundraising proceeds

  • Issuer: 70%-90%

  • Platform coin governance pool additional: 5%-25%

  • Rewards for NDRs holders from newly minted NFT: 5%

3.2 Liquidity transaction fees

  • Issuer: 60%

  • Platform coin governance pool additional revenue: 40%

3.3 Privatization buyback

  • 90% NDRs holders

  • 5% Issuer

  • 5% Additional revenue from the platform coin governance pool

V. SHOW Tokenomics

1. Total Supply 1,000,000,000 (1 Billion)

  • Seed Round 5%

  • Strategic Round 13%

  • IDO-Up Auction 2%

  • LP/trading/single coin/shard LP mining 40%

  • NDRs trading/liquidity bonus 18%

  • Community Activity Vault 10%

  • Team Incentive 10%

  • Liquidity set-aside 2%

2. SHOW Token application logic

  • Fundraising credentials: 10%-20% of NDRs in the public issuance phase are only for SHOW’s holding users.

  • Revenue Voucher: CryptoShow platform equity representative to get chain revenue reward.

  • Governance Voting: SHOW will act as the equity representative for the combined area’s governance and decision-making.

  • Linkage trading: SHOW will cast for Bep-1155 Token linkage NDRs trading.


This article does not include the content of any contractual relationship. This article shall not be deemed to constitute a prospectus or a solicitation of investment or investment advice of any kind, nor does it in any way involve an offer or solicitation to purchase any securities in any jurisdiction. For the avoidance of doubt, please note that this protocol has not been fully developed. Any statements regarding this protocol are forward-looking statements and reflect only CryptoShow’s intentions concerning the operation of this protocol. There are known and unknown risks that could cause results to differ from those in the forward-looking statements.

CryptoShow does not intend to express investment, financial, legal, tax, or any other advice. Any conclusions drawn from the statements herein or otherwise made by CryptoShow shall not be deemed to constitute advice in any jurisdiction.

CryptoShow’s use of Tokens is intended as a means of payment for the services provided within the Agreement (the “Services”). The purchase, ownership, receipt, or possession of Tokens does not carry any rights, express or implied, other than the right to use the Tokens as a means to enable the use of the Services provided within the Agreement by the then-applicable Terms of Use. Tokens do not represent or confer any ownership or equity, shares, securities or equivalent rights, or any rights to receive shares of future revenue, intellectual property, or any other form of participation or requests relating to the Agreement with CryptoShow, the Service Provider, or any of its corporate affiliates, other than any rights relating to the provision and receipt of the Services, subject to the applicable terms, conditions or policies that the participants in the Agreement may adopt. States or guidelines that the Agreement Participants may adopt.

Follow on us


Telegram Chat:

Telegram Ann:



By admin

Leave a Reply

Your email address will not be published. Required fields are marked *