(MPLX) Metaplex Project Analysis
1.CoinW Institute Short Review
Metaplex is an independent NFT marketplace platform that dramatically reduces Minting and transaction fees. By combining on-chain protocols, open source application frameworks can be fully customized, self-hosted, and extended without centralized authorization. Since its launch in June 2021, the cumulative NFTS sold on the platform has reached $3.4 billion, leading to a boom in NFTS on the SOL chain. Metaplex closed a $46 million funding round earlier this year, which was led by Multicoin Capital and Jump Crypto, also invested by Animoca Brands, Solana Ventures, and Alameda Research. Angel investors include basketball players Michael Jordan and Allen Iverson.. After the project announced the launch of the governance token, the major exchanges announced the listing immediately, so we can see the popularity of the project, which is worth attention.
2.Recent breaking point
Listing of the Governance Token: Airdrop by Metaplex Project
3.Project Introduction
Metaplex is Solana’s decentralized non-fungible token infrastructure and standard, powering the rapid rise in Solana-based NFTs through application frameworks that lower technical barriers. Metaplex is an on-chain protocol that needs no permission that supports the native purchase, sale, and auction of non-homogeneous tokens (NFTS) for the Solana blockchain.
4.Token Role
MPLX is a Governance token of Metaplex, with governance and voting rights.
5.Token allocation
Total volume: 1 Billion
6.Investment Institutions
Investments leaded by Multicoin Capital and Jump Crypto, also invested by Animoca Brands, Solana Ventures, and Alameda Research. Angel investors include basketball players Michael Jordan and Allen Iverson.
7.Future outlook
The auctions and sales of Metaplex marketplace run on the Solana blockchain, ensuring NFTS are portable and interoperable. Among them, Metaplex cast NFTS are stored on Arweave. Programming on the chain means creators have direct access to sales and performance data, and payments will be directly sent to creators. Creators can access a detailed analysis of revenue and bidding activity through a comprehensive administrative interface. In the NFT market, Metaplex will serve as Shopify's place in commerce, driving the prosperity of NFTS on the Solana chain. Therefore, the project as a whole is worth looking forward to.
Token Information
Token： MPLX
Website：https://www.metaplex.com/
Block browser：https://solscan.io/token/METAewgxyPbgwsseH8T16a39CQ5VyVxZi9zXiDPY18m
About Metaplex:
Metaplex is Solana’s decentralized non-fungible token infrastructure and standard, powering the rapid rise in Solana-based NFTs through application frameworks that lower technical barriers. Metaplex is an on-chain protocol that needs no permission that supports the native purchase, sale, and auction of non-homogeneous tokens (NFTS) for the Solana blockchain.
CoinW Institute
2022/9/20