Describe in depth the Nifty Gateway platform Who are its founders? What market or target is it aimed at?

Nifty Gateway

WHAT IS NIFTY GATEWAY

Nifty Gateway is a marketplace for non-fungible tokens (NFTs). Their ultimate goal is to make NFTs which is termed “Nifties” accessible to everyone in terms of making purchases as well as making sales of NFTs.

The Nifty Gateway is like an online mall for NFTs with a focus on digital arts.
To deliver more on digital art, Nifty Gateway has partnered with a lot of digital artists and brands in order to create a wild collection of exclusive and limited edition, top quality NFTs that are only available on the Nifty Gateway platform.

FOUNDERS OF NIFTY GATEWAY

Nifty Gateway was founded in 2018 by Duncan and Griffin Cock Foster but has been acquired by the Winklevoss twins (Cameron Winklevoss and Tyler Winklevoss).

Winklevoss twins

Nifty Gateway is run by her parent company: Gemini.

TARGET MARKET (POPULATION SERVED) OF NIFTY GATEWAY

Nifty Gateway as an online marketplace for NFTs is designed to serve the global population interested in NFTs; more especially, individuals interested in sharing, selling, and purchasing digital arts. Nifty Gateways are for both individuals proficient in cryptocurrencies as well as individuals who do not know much about cryptocurrency and blockchain technology as it provides the options for users to transact in FIAT such as USD.

Nifty Gateway has given itself a task to ensure that over 1 billion people around the world are transacting Nifties.

Nifty Gateway Goal

What are ERC-1155 tokens? How do they differ from ERC-20 and ERC-721 tokens?

ERC-1155 Tokens, Coinrivet

WHAT ERC-1155 TOKENS

The ERC-1155 tokens are tokens that are built on the Ethereum blockchain using the ERC-1155 token creation standard (or template). They are designed to provide support for both fungible and non-fungible tokens. The ERC-1155 token standard is a multi-token standard developed by ENJIN – a blockchain/cryptocurrency-based platform.

However, ERC-1155 tokens enable users to initiate a smart contract that can represent and control several types of fungible and non-fungible tokens. These tokens were designed to remove the limitations associated with the use of ERC-20 and ERC-721 tokens in smart contracts.

These tokens were first introduced in 2019 as a hybrid token of ERC-20 and ERC-721. ERC-1155 tokens make smart contracts more straightforward by incorporating capabilities of non-fungible and fungible tokens as one; it also makes contracts more affordable for users by cutting on gas fees by as much as 90%.

How ERC-1155 Tokens Differs from ERC-20 and ERC-721 Tokens

Factors	ERC-1155	ERC-721	ERC-20
Applications	Fungible and non-fungible tokens	Non-fungible tokens	Fungible tokens
Token transfer validation	Validates transfer address and reverses failed transfers	Lacks transfer validation	Lacks transfer validation
Massive token transfers	Available	Not available	Not available
Ability to replace other ERC-tokens	ERC-1155 tokens can eventually replace ERC-20 and ERC-721 tokens	Cannot at in place of either ERC-1155 or ERC-20 tokens	Cannot at in place of either ERC-721 or ERC-1155 tokens
Gas fee	Way cheaper, up to 90% reduction	Not cheap compared to ERC-1155	Not cheap compared to ERC-1155
Bulk transactions	Available	Not available	Not available

Login to Etherscan. Please indicate the number of ERC-1155 tokens in existence at the time of writing your assignment. Indicate the first 5 tokens by volume of transactions in the last 24 hours. Indicate the Hash of the last transaction carried out and the identification of the token as well as its smart contract. Show Screenshots.

NUMBER OF ERC-1155 TOKENS IN EXISTENCE AT THE TIME OF WRITING

Etherscan

At the time of this writing, there were 18,258 ERC-1155 tokens in existence.

First Five (5) Tokens by Volume

Etherscan

S/N	Identity	Description	Transfers in 24Hours	Transfers in 7Days
1	OpenSea Shared Storefront (OPENSTORE)	World's first & largest NFT marketplace	17,883	94,483
2	0xa7206d878c5c3871.....	Lost Poets	1,558	3,173
3	0xd0ed73b337891118....	No description	1,382	7,346
4	Rarible (RARI)	Sales and creation of digital collectibles	906	5,939
5	Zapper NFT (ZPR_NFT)	Zapper: DeFi Portfolio	807	4,706

Hash of the last transaction carried out and the identification of the token as well as its smart contract. Show Screenshots.

S/N	Identity	Description	Transfers in 24Hours	Transfers in 7Days
1	OpenSea Shared Storefront (OPENSTORE)	World's first & largest NFT marketplace	17,883	94,483

Hash of the last transaction	Token	Smart Contract
0xc694ec9b3d33fb84688b0....	OPENSTORE	0x495f947276749ce646f68ac8c248420045cb7b5e

S/N	Identity	Description	Transfers in 24Hours	Transfers in 7Days
2	0xa7206d878c5c3871826d....	Lost Poets	1,558	3,173

Hash of the last transaction	Token	Smart Contract
0xaa57137b5c0e086e9864a7fa09....	Yoken (no name)	0xa7206d878c5c3871826dfdb42191c49b1d11f466

S/N; 3. Identity: 0xd0ed73b33789111807bd64ae2a6e1e6f92f986f5

Description: No description
Transfers in 24Hours: 1,382
Transfers in 7Days: 7,346

Hash of the last transaction	Token	Smart Contract
0xa3b0d1e26896671f3f3c4dce....	Token (no name)	0xd0ed73b33789111807bd64ae2a6e1e6f92f986f5

S/N	Identity	Description	Transfers in 24Hours	Transfers in 7Days
4	Rarible (RARI)	Sales and creation of digital collectibles	906	5,939

Hash of the last transaction	Token	Smart Contract
0x73422c22dc9b505c2a867087....	Rarible (RARI)	0xd07dc4262bcdbf85190c01c996b4c06a461d2430

S/N	Identity	Description	Transfers in 24Hours	Transfers in 7Days
5	Zapper NFT (ZPR_NFT)	Zapper: DeFi Portfolio	807	4,706

Hash of the last transaction	Token	Smart Contract
0x17447c865a8aa38357d0db....	Zapper NFT	0xfaff15c6cdaca61a4f87d329689293e07c98f578

Enter the Enjin wallet. Describe the functions that it presents in its user interface. Enter the Marketplace: indicate the number of items for sale, indicate the first 3 items on the list and their description. Show Screenshots.

The screenshot above shows the side menu for Enjin wallet which displays a range of options such as wallets, assets, scan QR, exchange, marketplace, DAPP browser and linked projects.

The assets function allows a user to view their NFT collectables as well as send and receive collectables.

The main wallet functions like a traditional cryptocurrency wallet. Crypto assets could be transferred and stored here and transactions such as sending and receiving cryptocurrencies could be performed from this area.

The DApp browser enables a user of the Enjin wallet to view a list of Decentralized Apps that are supported in the Enjin wallet and perform operations on them through the wallet.

This feature enables project creators on the Enjin Cloud platform to link their projects to the Enjin wallet on mobile.

The currency exchange feature enables users to swap a currency for another.

Enjin Marketplace

Enjin Marketplace

The screenshot above shows a section of the Enjin marketplace. The number of items on Sale is a total of 17,481.
The first three items here are:

S/N	Identity	Price
1	Tears of Sanity	From 225 ENJ
2	Revenge	From 77 ENJ
3	Golden Evanbrook Egg	From 400 ENJ

Tears of Sanity

Revenge

Golden Evanbrook Egg

In your personal opinion, what is the future of the NFT Markets? Give reasons for your answer.

In my personal opinion, it belief NFT markets will soon become art galleries where art lovers and artists can meet to admire, purchase and showcase their works. This is the case because traditional art galleries have failed to innovate and make entering the space of professional arts easier for newbies.

However, through NFT markets, anyone can create digital arts (music, videos, images, photos, etc.) or even non-digital arts (crafts and paintings) and sell these arts for whatever price they desire. Due to the success of NFT markets, most digital arts studios are embracing this opportunity and digital artists have jumped into the bandwagon alike.

CONCLUSION

Broadly speaking, NFT Market is a new revolution, reinventing how the market will soon become art galleries where art lovers and artists can meet to admire, purchase and showcase their works more especially, individuals interested in sharing, selling, and purchasing digital arts.

THANKS FOR READING THROUGH

Cc;
@imagen