NCOP White Paper V1.1
  • NCOP NFT Platform Whitepaper V1.1
    • NCOP NFT Platform Whitepaper V1.1 [ENG]
      • 1. What is NCOP?
        • 1-1. What Makes NCOP?
        • 1-2. NCOP’s Vision – Taking NCOP Beyond Digital Art
          • 1-2-1. Inclusion (timeline: 0–3 Months)
          • 1-2-2. Accessibility (timeline: 0–2 Months)
          • 1-2-3. Disruptive Permeation (timeline 0–8 months)
          • 1-2-4. Cultural Preservation (timeline: 0–12 Months)
        • 1-3. Key Market Status
        • 1-4. Problems and solutions
        • 1-5. Target Market Analysis
        • 1-6. Business Model
        • 1-7. The Key to Success
      • 2. Go-To-Market Strategy
        • 2-1. Discovering NFTs through Contests
        • 2-2. Web 3.0 Optimized tokenomics
      • 3. Technique resources
        • 3-1. NFT Platform
        • 3-2. NFTs
        • 3-3. DAO
      • 4. NCOP Tokenomics
        • 4-1. Token System
        • 4-2. Token incentives for network effects
        • 4-3. Weak Tie for Network Effects
        • 4-4. Distribution of tokens
      • 5. Roadmap
        • 5-1. Art NFT (~12.2022)
        • 5-2. DAO & NFT+ (~12.2023)
        • 5-3. Metaverse (12.2024)
      • 6. Disclaimer
        • 6-1. Legal Disclaimer
        • 6-2. Cautions Regarding Forward-Looking Statements
        • 6-3. Additional Information and Advice
    • NCOP NFT Platform Whitepaper V1.1 [KOR]
      • 1. NCOP 이란?
        • 1-1. NCOP을 만드는 것
        • 1-2. NCOP의 비전 – 디지털 아트를 넘어
          • 1-2-1. 포함 (타임라인: 0–3 개월)
          • 1-2-2. 접근성 (타임라인: 0–2 개월)
          • 1-2-3. Disruptive Permeation (타임라인 0–8 개월)
          • 1-2-4. 문화 보존 (타임라인: 0–12 Months)
        • 1-3. 주요 시장 현황
        • 1-4. 문제점 및 솔루션
        • 1-5. 타겟 시장 분석
        • 1-6. 비지니스 모델
        • 1-7. 성공을 위한 핵심요소
      • 2. Go-To-Market 전략
        • 2-1. NFT 콘테스트를 통한 NFT 발굴
        • 2-2. 웹 3.0 최적화 토크노믹스
      • 3. 기술 자원
        • 3-1. NFT 플랫폼
        • 3-2. NFTs
        • 3-3. DAO
      • 4. NCOP 토큰노믹스
        • 4-1. 토큰 시스템
        • 4-2. 네트워크 효과를 위한 토큰 인센티브
        • 4-3. 네트워크 효과를 위한 약한 연결 (Weak Tie)
        • 4-4. 토큰 분배
      • 5. 로드맵
        • 5-1. Art NFT (~12.2022)
        • 5-2. DAO & NFT+ (~12.2023)
        • 5-3. Metaverse (12.2024)
      • 6. 면책조항
        • 6-1. 법적 고지사항
        • 6-2. 미래 예측 진술에 대한 주의사항
        • 6-3. 추가정보 제공 및 어드바이스 (Advice)
Powered by GitBook
On this page
  1. NCOP NFT Platform Whitepaper V1.1
  2. NCOP NFT Platform Whitepaper V1.1 [ENG]
  3. 1. What is NCOP?

1-4. Problems and solutions

Previous1-3. Key Market StatusNext1-5. Target Market Analysis

Last updated 2 years ago

| Issues

  1. High-value transactions centered on a few well-known artists and fewer NFTs compared to other works of art.

  2. Lack of a valuation system for non-famous general and new artworks, with the burden on customers when it comes to artist-centric unilateral pricing criteria

  3. Limiting the entry of talented emerging artists centered on Generation MZ

  4. Stable community-based vulnerability

  5. Flagship NFT Platforms’ deteriorating competitive environments due to large digital asset exchanges entering the NFT market.

| Solution

  • Discovering NFT art through NCOP’s NFT contest. NFT contests function the same as popular user auditions. The result is increased marketability that boosts NCOP’s user base. By creating the foundation for a fanbase, NCOP preserves and defends its price.

  • User community centered on artist fanbases. Making NFT art sharable across various channels increases interaction between artists and users (co-marketing effect). It also creates artist fanbases, builds a more robust user community, and maximizes the NFT Contest’s effectiveness.

  • Collective Intelligence Assessment System. With the NFT Contest, users and experts collaborate jointly to assess NFTs in a collective-intelligence manner. The results are published for user reference, solving the issue related to authors arbitrarily setting NFT reference prices.

  • Incentives on participant activity criteria. Services based on the activation of user and community engagement should be supported by Tokenomics, where incentives based on the level of activity can be distributed as compensation.