The Exploding Popularity of NFTs: A Deep Dive into the Ikasumi Smart Contract
In recent years, the world has witnessed a meteoric rise in the popularity of Non-Fungible Tokens (NFTs). These digital assets, which represent ownership or proof of authenticity of unique items or pieces of content, have taken the art, gaming, and collectibles markets by storm. But what exactly is the origin and background of NFT technology? What are the current tendencies in the NFT market? And how can you achieve your NFT project goals? Let’s delve into the exciting world of NFTs and explore the technical intricacies of NFT technology.
Origin and Background
NFTs can trace their roots back to the emergence of blockchain technology, which brought forth the concept of digital scarcity. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and interchangeable, NFTs represent unique items with distinct properties. This uniqueness is achieved through the use of smart contracts, self-executing agreements that automatically enforce the terms and conditions of a digital transaction.
The concept of NFTs gained significant attention in 2017 with the launch of CryptoKitties, a blockchain-based game where users could buy, sell, and breed virtual cats. This groundbreaking application demonstrated the potential of NFTs beyond traditional cryptocurrencies and sparked a frenzy of interest in the digital art and collectibles space. Since then, NFTs have expanded to encompass various industries, including music, virtual real estate, virtual goods, and even tokenizing real-world assets.
Current Tendencies
As the NFT market continues to evolve, several key tendencies have emerged. One of the most notable trends is the intersection of NFTs with popular culture and mainstream media. From artists like Beeple selling a digital artwork for a staggering $69 million to musicians releasing exclusive NFT albums, NFTs have captured the attention of both creators and collectors worldwide. This convergence of digital art, music, and entertainment has propelled NFTs into the mainstream consciousness and fueled their rapid adoption.
Another significant trend in the NFT market is the exploration of utility and functionality. While digital art and collectibles remain popular use cases, NFTs are increasingly being leveraged to represent access rights, virtual identities, and in-game assets. These functional NFTs unlock new possibilities in the gaming and virtual reality realms, enabling players to truly own and trade their virtual possessions. Imagine owning a virtual sword that can be used across multiple games or owning a digital land plot in a virtual world — the potential for innovation is staggering.
However, amidst the buzz and excitement surrounding NFTs, there are also humorous aspects that cannot be ignored. Memes like the “Nyan Cat” or “Disaster Girl” being sold as NFTs may elicit a chuckle, raising questions about the value and perception of digital assets. Nevertheless, these playful moments highlight the versatility and creativity of the NFT space, where almost anything can be transformed into a unique and tradable asset.
Introducing Ikasumi: Empowering Secure Transactions with Smart Contracts
Ikasumi leverages the power of ERC1155, a token standard on the blockchain, to create a versatile and efficient system for managing digital assets. By implementing the ERC1155 token, Ikasumi introduces a minter role that allows for the creation of tokens, ensuring controlled and authorized token minting.
One of the key advantages of Ikasumi is its flexible minting permissions. With three distinct options available, users can customize their minting process according to their specific requirements:
- Minter-only minting: In this scenario, only authorized minters have the privilege to create tokens, ensuring a controlled token supply.
- Creator-based minting: Ikasumi offers the capability for original creators of an item to mint additional tokens, empowering creators to manage and expand their digital assets.
- Arbitrary minting: For more open-ended scenarios, Ikasumi allows anyone to mint tokens freely. However, it’s important to note that this option should be used cautiously, as it may introduce risks if not carefully regulated.
Ikasumi also introduces a crucial feature for creators and artists: royalties. The platform maintains a mapping of NFT item creators, enabling the payment of royalties when transactions involving their creations occur. This mechanism ensures that artists receive appropriate compensation for their work, fostering a fair and sustainable ecosystem.
To facilitate a seamless marketplace experience, Ikasumi incorporates an ERC1155 Marketplace, offering a platform for users to trade their digital assets securely. Through the marketplace, users can create listings to sell their items by specifying the quantity, price, and seller wallet. Additionally, buyers can place bids to purchase items by specifying the desired quantity and price. This decentralized marketplace ensures transparency and facilitates peer-to-peer transactions without the need for intermediaries.
Ikasumi introduces a commission model to support platform operations and provide incentives to ecosystem participants. The commission rate, configurable by the platform administrator, determines the portion of the transaction value retained as commission. By allowing flexibility in setting commissions, Ikasumi aims to strike a balance between platform sustainability and user benefits.
Security is of utmost importance in the blockchain space, and Ikasumi prioritizes user protection. By utilizing the inherent security features of the Ethereum Virtual Machine blockchain and adhering to established standards, Ikasumi ensures the integrity and confidentiality of transactions.
Ikasumi Family
Learn more about who and how is using Ikasumi Smart Contracts:
The following are technical reviews of the WPSmartContracts smart contract used by our customers. This reviews does not constitute an endorsement or recommendation of the website for investment purposes. Readers are advised to conduct their own research.
Fansify
NFT Collection:
https://fansify.io/nft-collection/phygital-collection/
Fansify, operating on the Ikasumi Smart Contract platform, is an impressive phygital marketplace that caters to fans, brands, artists, and collectors. With an extensive collection of exclusive and premium offerings, Fansify has created a next-generation Web3 platform that facilitates fan access to experiences while enabling brands and franchises to monetize their dedicated fan base more effectively.
Utilizing the power of the Fan Coin (FC) token, Fansify streamlines transactions within its marketplace. The token has a total supply of 10,000,000 FC and utilizes 18 decimals for precision. By integrating the WPSmartContracts smart contract, Fansify ensures secure and efficient payment options for users.
Fansify’s unique proposition lies in its ability to bridge the gap between digital and physical assets, providing a platform where art, products, services, and experiences can be bought, auctioned, and sold. By empowering artists, musicians, and designer brands to connect directly with consumers, Fansify eliminates intermediaries and revolutionizes the online art and physical asset ecosystem.
Fansify’s commitment to best-in-class security, including the secure storage of files in IPFS systems, instills confidence in users.
Global Gold Diamond Invest
NFT Collection:
https://vipnft.gold/ru/nft-collection/gold-diamond-polygon/
Global Limited is a customer leveraging Ikasumi Smart Contract to revolutionize the world of NFTs with their Gold Diamond collection. By backing their digital assets with real gold and gemstones, Global Limited offers a unique investment opportunity that combines the advantages of physical assets with the flexibility of digital tokens.
Through the use of smart contracts, Global Limited enables seamless exchange of NFTs for gold and gems, allowing investors to profit from price movements and diversify their portfolios. The tokenomics of the USDT Stable Coin used in their ecosystem ensures stability and easy liquidity for users.
Global Limited’s NFT GD provides numerous benefits to its owners, including potential earnings from the value growth of NFTs, collateral in real gold, access to VIP training, participation in exclusive events, and discounts on company services. The limited number of NFTs adds exclusivity to the collection.
With a well-defined roadmap and a strong community, Global Limited is poised to make a significant impact in the NFT space. By combining the scarcity and value of physical assets with the innovation of NFT technology, Global Limited’s Gold Diamond collection is a promising venture that offers both financial security and growth potential to its customers.
Overall, Global Limited’s utilization of Ikasumi Smart Contract and their innovative tokenomics make them a standout player in the NFT market, providing a friendly and secure platform for investors to engage with hybrid digital assets backed by real-world resources.
Piensa Network
NFT Collection:
https://nft.piensanetwork.com/nft-collection/piensa-nft-spain/
Piensa Network is a customer utilizing the Ikasumi Smart Contract to enhance their NFT platform and drive their business forward. By leveraging the power of blockchain technology, Piensa Network offers a unique collection of NFTs representing iconic monuments from various Spanish municipalities.
Using the USDT Stable Token as their preferred payment method, Piensa Network enables users to acquire their exclusive NFTs through the purchase of Co-Founders. Each Co-Founder comes with a complimentary NFT from the PIENSA NFT SPAIN collection, creating a limited and valuable ownership experience.
Piensa Network’s Co-Founders not only grant exclusive access to the NFT collection but also provide income opportunities. Co-Founders earn a share of the net profit, revenue from franchise sales, revenue from master franchises, and a percentage of total service sales.
With a well-defined roadmap that includes cryptocurrency courses, participation in DEFI projects, monthly mentorship, and exciting events in the metaverse, Piensa Network offers a comprehensive and engaging experience for NFT enthusiasts.
Piensa Network’s integration of the Ikasumi Smart Contract and their utilization of the USDT Stable Token showcases their commitment to secure and efficient transactions within their NFT ecosystem. Their innovative approach and dedication to providing value to their community make them a promising player in the NFT space.
Maniac1
NFT Collections:
https://maniac1.com/nft-collection/
Maniac One is a customer that has harnessed the power of Ikasumi Smart Contract and multiple NFT collections from WPSMartContract to propel their business in the metaverse. With a focus on promoting Mexican art and culture, Maniac One has become a leading proponent of Mexican NFTs, creating a vibrant and self-propelled community.
Their flagship event, Mexico Preservado, showcases the best of Mexican art and culture in the metaverse. Through a series of immersive spaces, Maniac One pays homage to the rich heritage of Mexico and invites artists, institutions, and companies to participate in this groundbreaking exhibition. By leveraging more than 10 Smart Contract NFT collections, Maniac One creates a diverse and captivating art experience for enthusiasts worldwide.
As an important player in the NFT space, Maniac One has been recognized for their contributions. They were nominated as the best international gallery at the NFT.NYC 2022 awards, a testament to their commitment to showcasing local and international talent.
With a roadmap that includes collaborations with influential companies and creators, Maniac One continues to push the boundaries of storytelling and culture in the Web3 and metaverse realms.
Maniac One’s utilization of Ikasumi Smart Contract and their collaboration with WPSMartContract NFT collections have significantly boosted their presence in the Mexican art scene. Their dedication to promoting Mexican art and their vibrant community make them a key player in the NFT ecosystem.
Ikasumi offers a robust and versatile solution for managing digital assets using smart contracts. With its implementation of the ERC1155 token standard and the introduction of minting permissions, royalties, and a decentralized marketplace, Ikasumi empowers creators and users in the digital asset ecosystem. By providing a secure and transparent platform, Ikasumi revolutionizes the way transactions are conducted, paving the way for a new era of trust and efficiency.
To learn more about Ikasumi and its capabilities, visit our website and explore the possibilities of smart contract-based digital asset management.
