Preface

Hic Et Nunc (HEN) is a decentralized NFT platform based on the Tezos blockchain, designed to create a low-cost, efficient, and environmentally friendly digital art creation and trading space for artists and collectors, attracting a lot of attention from creators and investors.

The origin and development of Hic Et Nunc

Founded by Brazilian developer Rafael Lima in March 2021, Hic Et Nunc aims to provide a low-fee and decentralized market for digital art. Compared to platforms on Ethereum like OpenSea, HEN leverages the advantages of Tezos to reduce transaction costs and environmental burdens. Despite temporarily suspending operations in November 2021 due to technical and managerial issues, the community quickly took over and gave rise to derivative platforms like Teia, continuing its spirit.

Process and functionality

Users need to have a Tezos wallet (such as Temple or Kukai) and deposit XTZ to pay for transaction fees. Artists can upload digital works in various formats, set prices and descriptions, and complete NFT minting. Buyers can purchase NFTs with XTZ, and creators can set royalties to ensure secondary market revenue.

Market impact and cultural value

Although it has less trading volume than large platforms like OpenSea, Hic Et Nunc has become the preferred choice for independent artists and environmental supporters due to its decentralization and environmental philosophy. Renowned artists such as Mario Klingemann and Joanie Lemercier have released their works here, enhancing the platform’s artistic value and visibility.

Summary

Hic Et Nunc injects new vitality into the NFT market with its low cost, environmentally friendly, and decentralized characteristics. Although the original platform has been closed, its ideas and spirit are deeply rooted in the NFT ecosystem, promoting a more fair and open future for digital art.