Massa: a could-be-homeplace for NFT

2022 was the greatest year for NFT so far. Many people predicted that with the market slowdown NFT will eventually die out and yet in 2023 we can see resurgence of the market. In January 2023 NFT trading volumes reached nearly $1 Billion. Funds and market analysts agree that NFTs are here to stay and 2023 could be even bigger blast.

With all that craze I believe Massa could land itself as a homeplace for a significant part of NFT market and there are several good reasons for that.

Low transaction cost

Unique approach allows Massa to keep gas fees to a fraction of a dollar (depending on the token cost). In 2021 Solana became the number one place for NFT trading due to extremely low gas cost and in 2023 Massa can repeat this success.

Fast transaction speed

Massa's architecture, called the Blockclique, scales transaction throughput up to 10,000 transactions per second while having one of the highest Nakamoto decentralization coefficient and all the security benefits. Blockclique architecture combines transaction sharding and a multithreaded block graph structure. It solves the scalability issue by parallelizing the data structure and adapting the consensus rule.

All this technology combined allows for smooth NFT sales and marketplaces with huge volume.

Ecosystem

To attract users blockchain needs developed and vibrant ecosystem of dApps. Massa developers recognize this and have drawn several development teams that are working. These projects enjoy support in the form of grants and incubation. By utilizing AssemblyScript as Massa’s smart contract language, the core team has ensured that any web developer is able to easily code smart contracts and deploy a project, without any overhead.

Autonomous Smart Contracts

Massa's unique selling point is self-executing contracts with the terms of the agreement being directly written into lines of code. One of the main advantages of using autonomous smart contracts (ASC) is their ability to automate complex processes and reduce the need for intermediaries. This can lead to increased efficiency and cost savings.

There are several use cases where ASC goes along the NFT:

Membership passes. User can get an NFT to access certain community or event and can valudate it using ASC, without any need for the third-party.
Onchain generation. User can leverage power of blockchain to create procedurally generate NFT with different attributes.
Evolution of NFT. NFT are widely used in blockchain gaming to represent heroes, lands items and other stuff. With help from ASC autonomously evolving NFTs can be created. For example NFT-hero can change class and appearance depending on certain conditions pre-defined in smart class, like reaching certain level or collecting certain item.

Conclusion

Only time will tell what great usecases can be realised with Massa NFT, but one thing is certain - Massa is ready to lead the way for NFT adoption!