Account abstraction and EIP-4337 have been hot topics in the decentralized wallet space lately. The main reason is that compared with the current EOA wallet, which is the majority on the market, they solve the pain point of seed phrase backup. At the same time, the user experience and security of the wallet are greatly improved, just like web2 applications. Therefore, they are expected to be the wallets that people want to use on the first day in web3.

Over the past year, many NFT trading platforms have attempted to address the liquidity issue in the NFT market through their innovative solutions, such as the Element referral reward program, X2Y2 token rewards of trading and staking, LooksRare staking fees reward to LOOKS stakers, Blur airdrop based on points, and others that focus on the buyer's market. Although these solutions have incentivized users to trade in the short term, they have yet to fundamentally solve the liquidity problem of NFTs.

Over time, the blockchain industry has introduced novel technical concepts and vocabulary, including metaverse, GameFi, SocialFi, X-to-Earn, DID, and more. These concepts and applications have gained widespread attention and triggered a web3 boom. However, the intricate operation process of the traditional EOA wallet poses a significant obstacle for web2 users who wish to enter web3. To ensure security and immersion, what is the most intuitive, comprehensive, and convenient way for individuals to engage in web3?

One of the earliest ways to transfer property rights is through auctions, which have long been used for the sale of special goods. There are many auction types today in the field of Web3 NFT, with English auctions and Dutch auctions being the most popular. In an English auction, auctioneers open the bidding with a floor price, and collectors then outbid each other until there is no counter-bidding left and the item is sold to the highest bidder. Instead of using an ascending price format like English auctions, Dutch auctions use a declining price format. Generally, these auctions begin with a high price and then drop it successively until someone accepts it.

For holders of multiple NFTs or NFT collections, selling the NFTs in their wallets one by one is rather time-consuming and expensive - not only it requires multiple back-and-forth operations but also costs you more gas fees. To clear the way, PlaNFT introduced its first essential feature - NFTs bulk sale.

As a result of the boom of NFT markets and the enthusiasm and attention of young people toward the Web3 world, many well-known brands are incorporating NFT marketing into their branding strategies. The recent launch of Starbucks Odyssey, a program centered on NFT, is one of the attempts made by Starbucks to offer users brand-new experiences and make it easier for them to tap into the NFT space.

In the year 2022, the NFT world witnessed explosive growth, with the NFT market possessing a total market cap of more than $11.3 billion to date. After the artwork "Everydays: The First 5000 Days" created by crypto artist Beeple fetched a record price of $69.3 million at Christie's, more artists get started to pay attention to NFT and crypto art, hoping their NFT works will be auctioned or sold at fair prices. Nevertheless, the majority of NFT creations are on Ethereum, which is highly technical and charges high gas fees.

Axie Infinity's average monthly trading volume exceeded $100 million in 2021, kicking off the GameFi craze and NFT's expansion into the GameFi space. In the same year, Bored Ape Yacht Club took only a few months to go from a minting price of 0.08 ETH to a floor price that quickly exceeded 100 ETH. It was a shred of evidence to prove the huge potential in the NFT market, completely igniting the market dynamics.

Socialization is an eternal topic for human beings. Although the Internet has changed the form and structure of human communication, it has never changed the deep-seated problems of users' social freedoms and data rights. Web2 social networks are dominated by platforms while users are slaves to the electronic domain and have no rights to it.