The introduction of Blockchain technology is a brilliantly simple technology that is revolutionizing the way the world does business. NFT is one of the increasingly important applications that makes use of this technology. After a sporadic rise during the 2021 bull run, the non-fungible asset space [NFT] has spread like wildfire throughout the larger crypto market, and there is no stopping the hype.
The NFT sector increased by 2800 percent in 2020. A lot has changed since then. In the first quarter of 2021, the entire industry has tripled. Taking this into account, the figures increased by a whopping 6,000 percent since 2020. The disruption is uncommon, and collectibles, art, and sports hold the top three spots. NFTs are here to stay, and they will play a growing role in our digital economy. The trading volume in the third quarter of 2021 alone has risen to $10.67 billion, a 704 percent increase from the previous quarter.
The thriving blockchain industry as a whole grew 25 percent quarter over quarter and 509 percent year over year, while NFT sales volume appeared to be increasing. Many skeptics have been perplexed by such rapid growth. The fusion of art and technology is uncommon, but the non-fungible token segment has succeeded in bridging the two.
Naturally, investors are bullish on the technology that underpins the NFT ecosystem in the long term. Its growing popularity can be attributed to features such as enabling ownership and verifiable validity. NFTs have the potential to disrupt the traditional system of storing, certifying, and documenting data, in addition to art. Many platforms are investigating how to give NFTs a unique spin. SmashChain, an NFT-exclusive curation, creation, and consulting platform led by the Smash Collective, is one example.
This is the most exciting way to interact with non-fungible tokens. Smash Collective recognizes the growing investor appetite and, as a result, focuses on new technologies while scaling user experiences in the NFT space for creators, investors, and fans. SmashChain is now ready to bridge the gap between Hollywood and the blockchain world. Its much-anticipated NFT collection, which debuts on October 31, adds a whole new dimension.
NFT and Hollywood are being elevated.
SmashChain is preparing to launch its first-of-its-kind NFT collection, dubbed “The Director Series,” in collaboration with legendary Hollywood horror director Jack Sholder. Collaboration with Sholder, known for films such as Alone in the Dark and Nightmare on Elm Street 2, is a watershed moment. Smashchain.net intends to tokenize scripts, character designs, original storyboards, and other movie-related assets with it. This opens up entirely new avenues for movie monetization models, allowing users to purchase segments of the movie’s synopsis to fund its production.
Shoulder’s upcoming film, Night Rose, will be remembered as the first to be entirely funded by non-fungible tokens [NFTs]. Essentially, the synopsis of the story is divided into 57 passages based on length and keywords in each of them. The upcoming series in question is one of many NFT collections that SmashChain will be releasing in the coming days. In addition, the platform intends to launch high-quality art, digital asset collectibles, and other NFTs dedicated to other real-world projects. As a result, the players will have a chance to own a piece of history.
Pre-registration for whitelisting users will be available from October 25th to October 29th. During the specified dates, these users will mint their Night Rose NFT mystery boxes. The protocol that drives the Smash ecosystem will choose 550 addresses at random from the pre-registered user list that has been whitelisted for free minting.
Only those who have been whitelisted will be able to mint NFT mystery boxes on Halloween, October 31st. Furthermore, 67.9 percent of them can be mined freely on the Smashchain website, while the remaining 20.5 percent will be released on the NFT marketplace OpenSea at a later date. The remaining 11.6 percent, on the other hand, will be retained by the Smash team for development purposes as well as community giveaways.
Smash Brings Hollywood and Blockchain Together
By uniting two vastly different worlds, Smash is allowing fans and enthusiasts to own a piece of history. The NFT Marketplace aims to bring together the film industry and cutting-edge blockchain technology to create new, exciting, and entertaining NFT experiences. The ecosystem aims to fill gaps in the field by bringing in multiple elements that are lacking in the field and removing assets that are oversaturated with low-value assets.
SmashChain prides itself on the rarity and high quality of its assets. By establishing new relationships with talented and well-known creators from various fields, the platform hopes to provide a diverse range of exclusive NFT content to the community. Smash’s precise inspection and curation process upholds the quality standard.