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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
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Post your - 💙 Gate Square #Gate Blue Challenge# 💙
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August 11 – 20, 2025
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The NFT market is thriving, and its integration with Decentralized Finance has become a new trend.
The NFT market is booming, merging with Decentralized Finance to become a new trend.
Recently, NFT( non-fungible tokens ) have become a hot topic in the cryptocurrency field. Data shows that the average sales price of NFT products increased from less than $50 in 2019 to over $100 in August-September 2020, reflecting a significant increase in users' willingness to pay for digital products.
NFT is a unique, non-replaceable, and indivisible digital asset. Unlike fungible tokens like Bitcoin, each NFT represents a one-of-a-kind digital item, such as a digital artwork. This characteristic gives it a status in the digital world similar to that of artworks or collectibles in the real world.
Currently, Ethereum's ERC-721 standard is the most widely used NFT protocol. However, with the development of the market, other public chains have also launched their own NFT development modules, such as Tezos's TZIP-12 and Polkadot's Unique module. This indicates that the NFT ecosystem is continuously expanding and diversifying.
The NFT market performed strongly in 2020, with average daily transaction volume increasing by about 105% compared to the previous year. This growth was mainly concentrated in the fields of decentralized gaming and digital art collections. With the increase in demand, trading platforms such as OpenSea and Rarible became major traffic gateways in the NFT space.
It is worth noting that the integration of NFT and DeFi( decentralized finance) has become a new development direction. This combination is referred to as "GameFi," which merges the entertainment aspect of games with financial attributes. For example, some NFT projects have begun offering insurance contracts, allowing users to generate NFT tokens based on their policies, which can be freely traded on NFT platforms.
However, as the number of users increases, the demands for the security and efficiency of the underlying platform also rise. The congestion of the Ethereum network and the high Gas fees remain challenges for developers. In this context, some emerging public chains, such as Tezos, are attracting the attention of developers. Tezos, with its high security, low energy consumption, and rich integration environment, offers new possibilities for NFT and Decentralized Finance innovations.
Looking ahead, we can expect a deeper integration between Decentralized Finance and NFT. As NFT products gradually transcend mere entertainment and collectibles, their value and application scenarios will continue to expand. This trend will also drive the demand for more secure and efficient underlying technologies from developers.