Analyzing EtherCards Tokens Following The Framework Going Live On Mar 18
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Summary
- On Mar 18, the EtherCards Framework will launch. The blockchain-based project is NFT-focused.
- In the last four years, creators have sold digital art, collectibles, and NFTs worth more than $500.
- According to stats, the industry has continued to grow, rising from $40.96 million in 2018 to $141.56 million in 2019, and $338.04 million last year.
On Mar 18, the EtherCards Framework will launch as per their announcement. The blockchain-based project is NFT-focused, allowing participants to maximize the opportunities and value of their tokens.
The EtherCards Framework Ecosystem
The project consists of two fundamental sections: the EtherCards platform and the underlying tokens (EtherCards). For participants, the EtherCards platform is the launching pad, enabling the functioning of the core.
On the other hand, EtherCards are the underlying non-fungible tokens (NFTs). NFTs, unlike other tokens and coins, are fungible. However, their value proposition is their rarity, indivisibility, and uniqueness. Also, each NFT can't be exchanged for another.
The Role of EtherCards NFT Tokens
EtherCards play various roles in the EtherCards Framework.
While the EtherCards platform enables users to set up ticketing, puzzles, and other features reliant on NFT technology, the core will be served by EtherCards.
Some of them include deep discounts or free services within the EtherCards platform.
From a utility perspective, EtherCards are core to the framework and are indispensable to the platform by showing a snippet of its true potential. Beginning Mar 18, 2021, these NFT tokens will launch, and participants will buy them on a first-come, first-serve basis.
Benefits to Owners
According to a press release detailing the issuance, presale purchasers will receive extra benefits in the form of the Phoenix trait. NFT fans closely watching the industry's development will be able to see these card issuance's potential on Mar 18, 2021.
It is especially significant, considering EtherCards Framework's objective of expanding the NFT marketplace's capabilities beyond the usual standard with the community at front.
Lessons from the CryptoPunks
Notably, in the last four years, creators have sold digital art, collectibles, and NFTs worth more than $500 million. According to stats, the industry has continued to grow, rising from $40.96 million in 2018 to $141.56 million in 2019, and $338.04 million last year.
On Feb 21, 34 CryptoPunks, which are pixelated art collectibles in Ethereum, were purchased by a single buyer for $1 million. Barely a month later, a single pipe-smoking alien CryptoPunk was sold for $7.56 million.
A creation of Larva Labs, these pieces were freely issued to whoever had an Ethereum address in the early days. 10,000 CryptoPunks were minted in June 2017, out of which 7,319 have been sold in the last twelve months.
As of press time, the average price of each CryptoPunk stood at $25,664. In total, holders who snapped up these digital art pieces for free on launch day have generated over $187 million.
Conclusion
The NFT market is underexplored. The democratization tagged along by public smart contracting platforms with NFT support is unparalleled. Still at the early stage, experimentation has already proven for some as recent blockbuster sales shows. EtherCards present an opportunity for fans to have their hands on limited-edition, scarce cards that may be worth a fortune in the future on launch.
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