The world-renowned auction agency "Christie's" announced the auction of the collage "EVERYDAYS: THE FIRST 5000 DAYS" created by digital artist Beeple over 13 years. This huge pixelated work consists of 5,000 pictures, created by artist Beeple every day since May 1, 2007. This work is purely digital. The successful bidder will receive an encrypted file without any form of physical existence, and the transaction will be registered on the blockchain.
This is the first time Christie’s has auctioned an artwork in the form of NFT (non-fungible token). According to the official introduction, this NFT auction will be conducted in the form of an online auction, supporting the use of Ethereum tokens for payment. Traditional auction houses auction digital artworks and support cryptocurrency support. This is undoubtedly a milestone event for the overall development of the NFT market. For HDAO's NFT minting system, the mainstream circles' affirmation of NFT will be of great significance.
NFT minting system
HDAO is committed to creating an efficient, transparent and achievable digital asset financial ecosystem, which is a one-stop platform to meet all users' financial needs. In order to truly realize the connection between blockchain technology and the real world, the HDAO platform took the lead in creating the "NFT Minting System". Through the non-homogeneous characteristics of NFT, it can connect the mortgage of physical commodities on the chain. HDAO's platform can better provide certification and guarantee services for the NFT system, forming a mutually beneficial win-win situation.
HDAO's NFT system perfectly takes advantage of the unlimited and borderless nature of blockchain technology. Anyone can freely convert physical assets in any corner of the world into valuable digital assets in the NFT market of the HDAO platform without cumbersome operations and centralized third-party institutions. The NFT market can be used to represent various assets, such as virtual collections, in-game items, virtual assets, digital art, real estate, etc.
A decentralized platform requires a high-quality governance model. The HDAO ecosystem is a flexible and complex network that interweaves all stakeholders. To this end, HDAO issued the native token HDAO which circulates on the platform. The token holders of the platform are the main decision-makers of the ecosystem. All members of the ecosystem will witness and promote the decentralized development of the platform. They assist governance by submitting their own proposals and publicly voting on important events. The NFT market has a positive impact. Excellent token holder decision-makers will be motivated by decision-making and work with the team to develop and improve the HDAO ecosystem.
NFT will no longer be a small circle game. The year of breaking the game has already begun. With the help of the positive and rapid development of the blockchain this year. However, as far as the current status of the crypto market is concerned, the value of NFT tokens is obviously inferior to that of DEX platform tokens. When facing entry options, investors still have to consider the overall ecological value of the platform behind the tokens.
It is hoped that NFT works under HDAO's minting system can enter the traditional mainstream collection industry more, endow this industry with transparency and fairness, protect the value of artists while protecting the interests of collectors. Of course, any asset investment has risks, and the same is true in the NFT field. Only by choosing truly valuable digital collections can you obtain the true accumulation of wealth.