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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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Challenges and Opportunities in the NFT Market: Insights from StepN on the Future of Web3 Social
Current State and Future Outlook of the NFT Market
The current NFT market is in a challenging period, but it still serves as an important bridge for traditional internet users to enter the Web3 world.
Issues Facing the NFT Market
Production-type NFTs face an inflation dilemma. Due to unchecked issuance, market inflation leads to unstable value. The ecosystem is overly fragmented, with projects not interconnected, making it difficult for users to engage deeply.
Collective NFTs form a closed circle, making it difficult to achieve value spillover. Brand tone is affected, lacking preventive mechanisms and a healthy environment. There is a lack of practical application scenarios to support it, making it hard to convert short-term popularity into a sustainable narrative.
Advantages of NFT
Compared to cryptocurrencies, the non-financial characteristics of NFTs lower the psychological barrier for users. Low liquidity makes users feel safer.
NFT can be converted between Token and NFT, enhancing asset liquidity. Project parties can design activities around NFT to enhance community participation and sense of belonging.
NFTs have unique social and emotional value, representing personal identity and interests, showcasing individuality. They are an important part of digital life.
Summary of StepN Experience
The Move-To-Earn model has been validated by the market and has potential in the health and fitness sector.
An effective anti-cheating system and activation code mechanism are crucial to mastering the growth rhythm.
Web3 user guidance is more complex than Web2, requiring more education and guidance.
Web3 social is a necessity and should build a real and trustworthy social environment.
StepN Go's Sustainable Growth Strategy
Capture user attention: Deliver timely information, provide zero-investment incentives, and simplify mechanisms.
The leasing system promotes social interactions among acquaintances: deep interactions based on trust, utilizing the six degrees theory to expand influence.
Sustainable Growth: Control inflation, extend product life cycles, reshape economic models.
End-game strategy: Understand the essence, promote consumption, leverage the power of social sharing.
The future NFT market will focus more on real user experience, and socializing with acquaintances will become mainstream. By optimizing experiences and innovating mechanisms, NFTs are expected to rise again and play a greater role in the Web3 ecosystem.