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?
PlaNFT is an innovation-driven web3 trading platform that combines multi-chain NFT minting, trading, Swap, mystery box release, and NFT club building, established in 2022 by Pioneer3 Innovation Labs Pte. PlaNFT has created a series of web3 infrastructures that connect web2 users to the NFT world, allowing users to seamlessly mint as well as trade NFT without having to install and download browser extensions. On the other hand, NFT can be used as an on-chain ID to join the Social Club of KOLs for web3 social experiences and exploration.
The ultimate mission of PlaNFT is to bring billions of Internet users into the Web 3.0 era, where user data is owned by individuals and will generate huge revenues for content creators.
Smart contract wallets without seed phrases are two different modes from regular EOA wallets.
In the past two years, the Web3 field has seen a boom, but there are many barriers for conventional Web2 users to enter the web3 field, firstly they need a decentralized wallet to participate in the NFT, GameFi, DeFi, and other web3 economic systems. However, among the EOA wallets currently on the market, such as Metamask, Coinbase wallet, BitKeep, etc., all require the installation of extensions or the download of Dapp and backup of seed phrase to use, and the extremely poor ease of use hinders web2 users from joining.
In order to tackle the pain point, PlaNFT has built a strategic partnership with Avatar Wallet to launch a decentralized Google Wallet without seed phrase, which can be used by directly logging in with your Google account. Compared with EOA wallets on the market, There is no need to generate a seed phrase to interact with the chain, which effectively prevents assets from being recovered due to private key leakage or loss. Compared with distributed hosted smart contract wallets such as Argent, Torus, and Unipass, it uses EIP4377 technology with an abstracted 2/2 operation model as its core paradigm, which allows the wallet to introduce Web2's proven 2FA (two-factor authentication), risk control, and backup system, which can effectively prevent Dos attacks, bringing the wallet's user experience and security to Web2 level, paving the way for Web3 applications to be adopted by the public on a large scale.
In October this year, PlaNFT reached strategic cooperation with the Hong Kong University of Science and Technology (HKUST), minting a mystery box NFT on Polygon for it to be used as an admission credential for HKUST's anniversary, important seminars, lectures, exhibitions, and other major occasions, successfully helping HKUST enter the web3 world and explore new application scenarios for NFT.
With the popularity of NFT, especially after "Everydays: The First 5000 Days" created by American artist Beeple was sold at Christie's for a high price of $69.3 million, the creators saw another door to web3. But most NFT minting is on the Etherscan network, and therefore requires an expensive Gas fee.
According to Etherscan data, the current average gas fee on the Etherscan chain is 11gwei, and it costs about 0.9USDT in gas fees to mint one NFT. If creators mint 1000 NFTs, they need 900USDT in gas consumption, which is an extremely high threshold for creators. As the on-chain gas fee is changing in real-time, the specific gas consumption is based on the chain.
In order to embrace more creators to enter the NFT field, PlaNFT has launched the NFT one-click minting function, which can mint and trade NFT on Ethereum, BNB Chain, and Polygon chain, minting types include subscription, music/video, collectible, character, and hash NFT, can simultaneously meet the diverse minting needs of users.
When the "ordinary" NFT works encounter the mystery box, the original "NFT" works are covered with a mysterious "veil". The "mystery box" brings a sense of uncertainty and surprise, as well as the value of the collection derived from it, so that the "value multiplied" is also evident.
The mystery box has developed into a trendy culture in the NFT field, but there is a high technical threshold for the traditional mystery boxes, which requires a professional technical team to release. In order to make it easy for everyone to issue NFT mystery boxes and help KOLs build their personal IPs, PlaNFT has launched a technical service for NFT mystery box release, which supports 3 types of NFT mystery box release methods.
AI-created Pics: PlaNFT reached in-depth cooperation with the AI tool dalle-mini, the use of artificial intelligence to generate images to solve the lack of NFT material for users, users simply enter keywords in the search box, dalle-mini will randomly generate different images based on the input text information. It's easy and fun to use.
Upload Pics: Of course, for those artists who have original works, PlaNFT also supports local uploads, after uploading works, just click on Issue mystery box NFT, and you will be able to see their own NFT mystery box in the Mystery box trading market.
Random Pics: The principle of this mystery box release is similar to AI-created Pics, but it changes the release mechanism so that even the NFT mystery box publisher can't predict what NFT image is contained in the mystery box.
PlaNFT designs various personalized features, and a bulk list for sale function, people just need to pack NFT or NFT Collection with the same contract address, directly list them for sale and check out together, which not only improves the efficiency of the transaction but also reduce gas consumption, ideal for users to sweep floor price.
In order to improve the liquidity of NFT, PlaNFT pioneered the launch of NFT swap, which is a new Marketplace trading model that supports users to trade directly NFT for exchange like trading cryptocurrencies, thus simplifying the process and improving the efficiency of NFT transactions.
In terms of the selling method, in addition to supporting fixed prices, PlaNFT also supports British auction and Dutch auctions, and on the basis of a Dutch auction, it optimizes the auction mechanism, aiming to solve the Nash equilibrium and improve the efficiency of NFT auction transactions.
In addition, PlaNFT also combines NFT with SocialFi, self-developed a lot of NFT real-time social features, such as messages to buyers, community chat, fan subscriptions, and other features, allowing NFT players to experience NFT minting, trading, issuing NFT mystery box at the same time, enjoy the Web3 social journey.
In addition to the NFT trading market as a development goal, PlaNFT is also committed to decentralized community development governance, allowing community members to participate in the construction of the platform, together to enjoy the fun of PlaNFT growth as well as sharing development bonus, in the future, PlaNFT will issue platform token to promote the development of DAO, which reflects the core concept of PlaNFT as a community-driven, as opposed to Many centralized NFT trading platform, PlaNFT is more user-friendly, is completely decentralized community-driven NFT market.