At the beginning of 2021 and up to the end of this year, the definition of NFT has become something more constant to know. Being more recurrent in the economic, legal and artistic context thanks to the characteristics it shows us.
There have been some big name announcements such as the sale of The First 5000 days by graphic illustrator Beeple, (the first NFT work valued at over 58 million euros and one of the few to enter Christie’s Auction House, a renowned institution throughout the world), which have helped to create more renown for this new reality that is becoming more and more frequent. But still, some of us may not know, and those of us who do know need a refresher before we start:
What is an NFT and how does it work?
NFTs are so named because of their acronym, which stands for Non Fungible Token. It is a type of token that was created more than four years ago under the ERC-721 prototype for the ETH program.
What makes this prototype particular is that an object in the network can have great value and in different states while still being non-fungible, which is something that differs from cryptocurrencies such as Bitcon, which are fungible and can be exchanged with other people. Also ETH standard, the ERC-20, which also has the ability to be fungible.
In this sense we must understand that all digital content has the ability to be a Token, all this through the BlockChain term technology and the Smart Contracts within the network. These allow an estimated amount of metadata that are responsible for making an authentic object, identifiable from the author, have a base value and acquisition value. In addition to being able to show how many transactions have taken place since its development.
When tokenizing any digital content (including JPEG files, memes, ebooks and tweets), it enters digital certification status, where the ownership and authenticity of the product will be authenticated, indicating that it is totally original and whoever created or tokenized it is the responsible or owner of the object. Although it should be mentioned that this is not the same as copyright, which only belongs to the person who developed the work or object.
Now, the Smart Contracts that come through the NFT have different types of intentions, although the common example is to ensure that the original artist receives profits through the transactions made with the NFT.
And with all this explanation already fresh in our brains again, we continue with our main topic.
RKTFKT Clone X Collection, what is it and why is it such a big deal?
After November 18, RTFKT’s virtual sneakers sales team kicked off their presale of the new NFT collection called Clone X. It was one of the most anticipated sales since its inception.
The project had a total of 10,000 avatars that have a futuristic theme and go hand in hand with the collaboration of Daz3D.
The official launch was witnessed on the project’s website, and from that moment on, collectors, cryptocurrency lovers and fans had the ability to own an NFT clone for only 0.05 ETH, although they could only carry 3 NFT in their wallet. After two days passed, the public sale was made with a total of 10,000 brand new characters to the main ones.
One of the features of having these avatars is that you will be able to use them in the near future in video, games, social networks and multiple contents that are within the metaverse. There are a total of 20,000 3D NFT avatars where each one will be totally unique.
The history of the Clone X avatars
Apart from the actual concept of the NFT project, it is worth considering that the avatars in the Clone X collection have a lot of features that can be eye-catching. One example is that there will be a special Murakami Drip property for each NFT owner.
The aforementioned name refers to the well-known Japanese illustrator Takashi Murakami who has been part of the project in terms of designs and illustrations with his very exceptional styles.
That’s why each NFT of the Clone X project includes different types of clothing, features, unusual haircuts and all thanks to the collaboration of RTFKT with the Daz 3D platform, who makes each illustration incredibly perfect.
For now, the creators of this new collection state that their goal with the new metaverse is not to do unusual or impossible things, but to take care of things that are feasible and that can provide a long-term solution from the experience they already have and with the tools that today offers them.
And it is noteworthy that even though they have been released recently, this collection is exploding in the networks even before the official announcement.
A project launched on time
The best thing the creators of the Clone X collection could have done was to launch this project at a time when NFT avatar collection projects are constantly booming, among them we can mention the great BAYC, CryptoPunks, Meebits, among many, many others that make millions on a daily basis with their unusual features and incredible illustrations.
An example of the avatars that are currently going all out are the hand-drawn NFT SupDucks, which sold out in just 30 hours after their release, and even entertainment giants like Hollywood are on the lookout for NFT trends, and this December they will release their own collection of over 100,000 Matrix-style avatar NFTs for their sequel.
And in another line, we see BlockChain’s NFT games looking to gradually integrate avatar collections into this metaverse. An example of this is the “Play-to-earn” game that now allows different types of NFT avatar from the Metamask wallet to be used within the game.
As the market expands, more genres and more possibilities for new projects arrive. We are seeing more and more of the reality of a whole world full of NFT.