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NFT Avatar is another breakthrough in the field of NFT for Mask Network. Due to its non-fungible nature, NFT Avatar is unlike any other JPEG image, and it’s not just to show prices to other users, but something more meaningful in digital identity. With NFT Avatar, users can use their own NFT as their Twitter profile picture, representing the owner’s identity in both the crypto world and the future metaverse. Users will first be able to experience what it feels like to be living in a metaverse. Only the owner of the NFT has the right to include it in their profile. If another user takes a screenshot (JPEG) and includes it in their profile, it won’t be considered an NFT Avatar or they don’t actually own the NFT.
Mask Network aims to create a decentralized application ecosystem that bridges the gap between Web 2.0 and Web 3.0 for tens of thousands of users, helping them have a seamless transition. NFT is one of the frontends to Web 3.0. Mask Network purchased a CryptoPunk (# 6128) and two Loot Bags (# 3870 and #7405) to make them properties of MaskDAO.
The NFT (non-fungible token) market has exploded recently and surged to new highs in the second quarter of this year, with sales of $2.5 billion in the first half of 2021. Beeple’s art was sold. with price 69 million dollars and CryptoPunk #31200 and #7804 both sold for $7.68 million. Lots of celebrities and entrepreneurs are embracing the NFT market like YouTuber Logan Paul, musicians like Jay-Z and Grimes, businessman Gary Vee, etc. Logan Paul spent more than $150,000 on two NFTs. Jay-Z invested in the Bitski NFT marketplace and helped it raise $19 million in a Series A funding round. Not only that, but he also set CryptoPunk NFT as his Twitter profile picture. Gary Vee (Gary Vaynerchuk) paid $3.7 million for a CryptoPunk NFT, saying that he personally believes in the asset he just approached. Besides, he also launched his own NFT collection.
What makes an NFT valuable is its uniqueness. Ownership of a single digital asset can be tracked on a blockchain, which is an immutable and decentralized database backed by servers. No two NFTs will be the same, and each NFT is unique, enhancing its status as a rare item collection.
Also, there are other projects that are moving in a similar direction with apps/extensions. And Mask Network does not consider them a competitor, but wants to cooperate with these projects to create an ecosystem to attract more users to participate. Mask Network aims to provide a better infrastructure for every user. That is also the reason behind the huge funding that Mask Network continuously provides to many other projects with the hope that they can all develop together and build a better ecosystem for Web 3.0. .
Mask Network introduced the NFT Gallery feature on Aug. 10. NFT Gallery can identify the ENS address/ETH address in a user’s Twitter username or profile name and display all the NFTs in the address. That ENS. Based on NFT Gallery, Mask Network can get closer in how to enable NFT Avatar, which amplifies the social attribute of users’ digital identities, demonstrating its true value by verifying its authenticity. real.
With Mask Networks’ vision, they believe that NFT Avatar will be a brand new entry point for users into the metaverse. They will update it constantly to make sure the bridge they build is easy to use for users. They hope to get more users involved to experience a whole new form of digital representation and discover what digital identity truly means in the world of Web 3.0.
* The Mask Network team is still facing limitations on the display of NFT Avatar and currently the project only supports NFT on the Ethereum network.
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