Jul 2, 2021

2 min read

Compared with several popular NFTs, what are the advantages of Paragon NFT?

Compared with several popular NFTs, what are the advantages of Paragon NFT?

Recently, some friends in the community took out several popular NFT products and made a very detailed analysis with Paragon NFT.

These NFT products include Binance NFT, Alipay NFT and Opensea NFT

Let’s compare and interpret in detail from the following dimensions: Project positioning, Public chain based, Solution, Creator threshold, Gas fee, Support format, Asset security, Wallet supported and Language supported:

Analysis of the Binance NFT

Analysis of the Alipay NFT

Analysis of the Opensea NFT

Paragon NFT market analysis

We can see:

After our analysis, we can draw the following conclusions:

1. Binance, Alipay and Opensea all belong to NFT 1.0, and their main functions are to create distribution and sales for NFT;

2. Alipay NFT is kind of like an exploration period, only supports CNY payment, and is not friendly to crypto currency investors who pursue high interests;

3. The currency security NFT is developed based on BSC, which is not friendly to creators in the early stage, and the disadvantages of centralized trading platform attributes exist;

4. Opensea is developed based on ETH, and ETH’s gas cost is high. Because of its use of HTTP protocol, the platform has hidden dangers of NFT assets insecurity;

5. Paragon is developed based on BSC, and the cost of gas is low. Paragon protocol not only includes NFT creation, distribution and sales, but also adds NFT fragmentation, liquidity mining, decentralized trading, NFT prediction machine and other financial derivatives.

Paragon is NFT2.0, which has the characteristics of NFT one-stop comprehensive service.

Paragon issued 10,000 PAS, focusing on supporting encryption artists, improving the value of activating high-quality NFT assets, and fragmenting NFT through Paragon agreement, so that people can share the value of liquidity and participants can share value-added dividends.