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Breaking the stereotype, why does Yuanjing build an NFT trading platform?

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MetaMirror wants to build an open, decentralized, and sustainable community, and create a real blockchain service platform.

Original source: Yuanjing DAO

Original author: Yuanjing Xiaohua

With the fire of NFT and With the emergence of Boring Ape, non-homogeneous tokens jumped onto the stage of the web3 world and began to spread in our lives. As more and more people put on blue-chip NFT avatars such as BAYC, Azuki, Doodles, etc., we have been thinking, why can’t we have our own NFT avatars in China? Therefore, a kind of NFT avatar belonging to China: digital collections began to spread widely in China, but the development of this imported product seems not to be as smooth as expected~

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1. Crazy Digital Tibetan Market

In less than a year, digital collections have rapidly developed into an outlet for domestic industries and capital pursuits. According to the calculation of the data research platform Toubao Research Institute, the scale of my country's digital collection market will reach 30 billion yuan in 2026. A report predicts that my country's digital collection trading market will reach 50 billion to 80 billion yuan in 2 to 3 years. The general environment is favorable for the development of digital collections, and the layout companies are also increasing. According to the data from Qichacha, there are 262 domestic companies related to digital collections, of which 146 are located in Guangdong Province. This is only the company name or main business with digital collections, and the number of companies actually involved in this field is far more than these. There are more companies that provide blockchain technology support for digital collections, including Internet companies such as Alibaba, Tencent, Baidu, and NetEase, as well as state-owned companies such as China Mobile and China Unicom. According to data from the China Academy of Information and Communications Technology, as of March 2022, there will be more than 1,300 blockchain companies in China. According to other data, as of June this year, there are about 500 digital collection trading platforms in my country.

However, behind the booming market, all kinds of chaos have also emerged: "pull up", "mouse Warehouse”, “laundry sales”, some platforms sold a wave of direct cancellations, or soft rugs, people’s impression of the Shuizang market remained in the stereotype of hype, and it was against this background that the Yuanjing platform was born了~

2. What is meta mirror

Yuanjing NFT trading platform was launched on June 11. It is a decentralized NFT e-commerce platform based on Web3.0 and blockchain technology in China. It belongs to an ecology on the conflux tree diagram blockchain and links to Anyweb Wallet, transactions are paid in legal currency (third-party payment platform) and authorized with digital signatures to ensure that user behavior is initiated by the user rather than controlled by the platform, and all data is stored on the blockchain and cannot be tampered with.

3. The road to founding Yuanjing

Yuanjing platform was created to allow domestic users to truly understand the meaning of Web3, NFT, and blockchain under the premise of legal compliance. The emergence of foreign opensea, looksrareNFT trading platforms provides diversified NFT After laying the foundation, Yuanjing has made technical upgrades on this basis while allowing domestic users to experience the technology and gameplay of overseas platforms. It is also further promoting community building, value consensus, value upgrades, and various business empowerments.

4. The uniqueness of meta mirror

After multiple rounds of bull-bear cycles, along with the outbreak of the nft market, as the ether chain OpenSea, the largest NFT trading market on the Internet, is also skyrocketing. In January 2022, the valuation of the opensead1 platform has reached 3.5 billion US dollars, and it has only been four years since the establishment of opensea in 2017.

Compared with the capital market’s enthusiasm for the nft market, there is no similar nft trading platform in China, and the emergence of Yuanjing just fills this gap. The goal of Yuanjing is to become China’s domestic The opensea version provides a complete set of NFT ecological services for many domestic NFT projects, including but not limited to project planning, community building, cooperative publicity, copywriting optimization, contract services, on-chain operations, providing trading markets, shaping brand images, etc. Functional service~

How to use nft's diversified gameplay under the premise of legal compliance to realize its value empowerment has become A problem that every data storage company must face~ Yuanjing is very likely to be the key to solving this problem.

The official said that Yuanjing School and the UGC creation center of the platform are in the preparation stage. Yuanjing APP is expected to conduct internal testing in mid-November. The APP includes tool-type NFT presentation functions (tickets, membership cards, discount coupons), individual users NFT generation of treasured pictures (one-click chaining), etc.

At present, the cooperative project parties include well-known domestic IP, government, state-owned enterprises, overseas project release teams and those who want to explore web3.0 Digital artists. In the future, more and more projects will be launched on the Yuanjing platform, and together they will create a new situation in which domestic NFTs will flourish~

5. Learn from and optimize the underlying protocol of OP to ensure the security of user assets

MetaMirror is based on The Conflux public chain is built, using the CRC-721 contract, and the cross-chain system is planned to be added in the later stage to support the circulation of multi-chain collections. The platform is equipped with tools such as digital wallets, digital signatures, and smart contracts to protect user assets. User assets are stored on the chain, so that the data is completely owned by the user and does not have to be manipulated by the operator.

The whole process of NFT from casting to circulation is all on the chain, and after the user contract is signed and authorized, the transaction records can be checked on the chain. All processes are open and transparent. Not only that, the project also expresses cooperation. The platform smart contract adopts the improved and optimized version of opensea and looksrare and the contract is open source. The contract code information data is publicly checked, and the platform and users can be honest.

Summary

NFT/digital collections not only promote the development of digital cultural creation, but also expand the new scene of cultural consumption. Shanghai’s 14th Five-Year Plan proposes to “support leading enterprises to explore the construction of NFT trading platforms, research and promote the digitalization of NFT and other assets, the global circulation of digital IP, and the protection of digital rights.” The People’s Daily also stated that it will promote the exploration and discovery of digital collections. Toward value and keep it away from hype.

MetaMirror wants to build an open, decentralized, and sustainable community, and create a blockchain service platform in the true sense, so that users can create more value through the platform, thereby empowering NFT/digital collectionsMore meaning. With the planning of the roadmap, Yuanjing will become a NFT trading platform with huge throughput in the future, and at the same time, it will also become a gathering place for domestic NFT enthusiasts, showing the power exclusive to China in the web3 world~