When Hic et Nunc was launched in 2021, it quickly became a leading crypto-art marketplace for experimental creators worldwide.
Hic et Nunc used the cost-effective utility working artists need and the eco-friendly characteristics they care about. It evolved as an open-source platform built collaboratively by a community of volunteer developers.
Features of Hic et NuncÂ
Seamless and Easy to Navigate
The landing page displayed a continuous stream of art. This helped users to keep scrolling and discover amazing pieces. Anyone can publish anything, and it was easily accessible to everyone. Hence, there is no gatekeeping or censorship of art.
Active Marketplace
Collectors are aware of and purchasing artwork from HEN. At some point it was in the list of top 10 for volume on NFT marketplaces and may be the largest for non-Ethereum NFTs.
Supportive Audience
Hic et Nunc has a dedicated audience of collectors who actively support works on the platform.
Low Fees
The transaction fees on Hic et Nunc beat Ethereum as it was cheaper.
Excellent Third-Party Tools
Hic et Nunc users get to enjoy third-party tools. A good example was NFTbiker.xyz. NFTbiker.xyz helps users analyze and track their sales, view collectors, and more.
API
Hic et Nunc had an impressive API. Skilled users can build their own tools to interact with or extend HEN’s functionalities.
Ideal for Multiple Edition Works
HEN makes it easy to manage and burn editions of artworks.
DisadvantagesÂ
Fierce CompetitionÂ
It’s hard to stand out on Hic et Nunc. You have little control over your profile page and the link to your collection. I love that it’s minimal, but it’s not great if you want to tell more about your art or link people to your HEN profile.
High User Volume
Due to its open and affordable nature, the platform had a large number of users, which can congest the network and cause traffic issues.
Copy Minters
The ease of access on Hic et Nunc led to a problem with “copy-minters,” where individuals or bots attempt to post and sell other people’s artwork.
The State of Hic et Nunc
Despite the platform’s prospects and recorded success, it is no longer functioning. The leading NFT marketplace, Hic et Nunc, suddenly vanished; its Twitter account simply stated that the platform had been “discontinued.”
According to artist Joanie Lemercier, one of the first to migrate to Hic et Nunc from environmentally harmful Ethereum marketplaces, Hic et Nunc’s founder Rafael Lima “got overwhelmed and decided, overnight, to close the site.”
Final WordsÂ
When Hic et Nunc launched, many people loved it because it had no invite system and no gatekeepers. However, it was discontinued later in 2021.
Although it had only launched in March of the same year it crashed, Hic et Nunc’s daily users surpassed those of NFT giant OpenSea in May, during the peak of the NFT boom.
Frequently Asked QuestionsÂ
Is Hic et Nunc Discontinued?
Yes, Hic et Nunc was discontinued.
Who created Hic et Nunc?
Rafael Lima created Hic et Nunc.
What is the difference between blockchain and digital currency?
A cryptocurrency is a type of digital money. On the other hand, a blockchain is a distributed peer-to-peer database with strict rules for adding data.
Is Bitcoin a Cryptocurrency or Blockchain?
Bitcoin is a cryptocurrency.
Which Cryptocurrencies have the Highest Volatility?
Some of the cryptocurrencies with the highest volatility include Covalent, Zebec, Petals, BitDAO, etc.
Do all CBDCs use Blockchain?
Yes, CBDCs use blockchain.
Is Binance a blockchain?
Yes, Binance is a blockchain.
