1.) Describe in depth the Nifty Gateway platform Who are its founders? What market or target is it aimed at?
This is a unique NFT platform designed to disrupt the field of digital art by incorporating blockchain technology. The Nifty Gateway platform combines crypto technology with artwork collectibles, resulting in a complete suite of tradeable and high-value assets, as well as a new investment option for everyone.
In a word, the Nifty Gateway platform provides a marketplace allowing non-fungible tokens (NFT) to be bought and sold. An NFT is a crypto asset that is recorded on the blockchain, a distributed ledger.
Although other cryptocurrencies are recorded in this manner as well, NFTs are unique in that they reflect real-world goods such as art, music, and gaming, and hence cannot be traded.
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Nifty Gateway's owners and founders
Gemini LLC, the parent business, owns the Nifty Gateway platform. The Winklevoss brothers, a New York trust business, created Gemini LLC, a crypto trading platform. The firm is now valued approximately $1.2 billion as a result of Nifty sales.
DROPS
This feature provides information about nifties sold directly by the owners. When you purchase an NFT from us, you are purchasing straight from the owner. A timetable is also available that shows when a new nifty or NFT will be offered for auction.
MARKETPLACE
All secondary sales are completed at this time. If you wish to sell an NFT for profit after purchasing it in the drops feature, you must first put it up for auction on the marketplace. The original owners get a cut of any sales made on their NFTs.
NIFTY DASHBOARD
All secondary sales are completed at this time. If you wish to sell an NFT for profit after purchasing it in the drops feature, you must first put it up for auction on the marketplace. The original owners get a cut of any sales made on their NFTs.
NIFTY GATEWAY PLATFORM'S ADVANTAGES
One of the NFTs trading's main assets is its high aesthetic value. This is due to artists' efforts to create items with high aesthetic value in accordance with the platform's criteria.
Before introducing musicians to the site, the staff thoroughly vets them. This is why every NFT that makes it there has a one-of-a-kind value.
DISADVANTAGES OF THE NIFTY GATEWAY PLATFORM
Because the amount of electricity consumed in each NFT transaction on the Ethereum blockchain is larger than that required to power a home, it reduces the amount of electricity used for off-chain operations.
Only US-based payments are permitted, with the exception of individuals who withdraw money using cryptocurrency. This puts non-crypto foreign investors at a disadvantage.
2.) What are ERC-1155 tokens? How do they differ from ERC-20 and ERC-721 tokens?
ERC-1155 TOKENS
ERC is shortened for "Ethereum Request for Comment". ERC-1155 is a new way of creating tokens that enables more efficient exchanges and transaction bundling, resulting in cost savings. The Enjin Team's token standard enables for the development of utility tokens as well as Non-Fungible Tokens. Furthermore, It's also known as the future multitoken standard, has it several properties distinguish it from the ERC-20 and ERC-721.
ERC-1155 contains improvements that make transactions more efficient and secure. The cost of sending tokens might be reduced if transactions were grouped together. ERC-1155 is based on prior work such as ERC-20 and ERC-721.
DIFFERENCE BETWEEN ERC-1155 AND ERC-20
| ERC-1155 | ERC-20 |
|---|---|
| It accepts both non-fungible and fungible tokens | It only accepts non-fungible tokens. |
| Tokens supplied to incorrect addresses will be rendered invalid and recovered | Tokens delivered to incorrect addresses will be lost forever. |
| A smart contract can include many tokens | It can only contain one type of token. |
| Supports token transfers in bulk | It does not support token transfers in bulk. |
DIFFERENCE BETWEEN ERC-1155 AND ERC-721
| ERC-1155 | ERC-721 |
|---|---|
| It accepts both non-fungible and fungible tokens | Only non-fungible tokens are accepted. |
| Tokens supplied to incorrect addresses will be rendered invalid and recovered | Tokens sent to incorrect addresses will be permanently lost. |
| In a smart contract, numerous tokens can be used | just one type of token can be used. |
| It allows for bulk token transfer | It does not allow for mass token transfer |
3.) 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.
• We open Etherscan and then choose "Tokens."
• The available alternatives are shown, and we choose the one that interests us, in this case "ERC-1155 tokens."
• At this point, we may look at the quantity of tokens available; at the time of completing this work, there were 18,217 ERC-1155 tokens available.
• The first 5 tokens by volume of transactions in the previous 24 hours are also visible, with OpenSea being the first with a volume of 27,027 in the last 24 hours.
• To see the details/information of the most recent transaction, click on tokens, and then select ERC-1155 transfers.
• We can see the most recent tokens, the transaction's origin and who it was done for, as well as its tokenID.
• The Transaction Hash number, TokenID, the contract's identification number, may be seen in the images below.
Transaction Hash: 0xaa008ac83e86a88ed06ae26cfca2fd805b9db2ed8298d036e8f45e89c6660577
Contract: 0x7be8076f4ea4a4ad08075c2508e481d6c946d12b ( OpenSea: OPENSTORE Token)
Timestamp: Sep-22-2021 07:38:10 PM +UTC)
4.) 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.
Enjin is a Singapore-based platform that was founded in 2009 by Maxim Blagov and Witek Radomski. It is a popular wallet among developers and gamers.
Enjin is a wallet that supports a variety of blockchains and is mostly used for the distribution of non-fungible tokens based on video games. It also has its own native token, the Enjin Coin, which is an ERC-2O token that is used in the Enjin platform's activities. The Enjin Coin (ENJ), which is now ranked #81 on Coinmarketcap. At the time of writing, the ENJ token is valued at $1.40 and has a market capitalization of $1,206,981,653.
Dogecoin, Binance Coin, ERC-20, ERC-1155, ERC-721, Lite Coin, and many other cryptocurrencies and tokens are supported by the Enjin wallet. The wallet is available on Google play store for Android users and Apple store for iOS users.
First step is to got to Enjin website, locate Google Play, I was redirected to Google play store,then down and install the wallet, click on Open
- Now select Crypto Wallet from the list, then again click on Create Wallet.
- The next step Is to agree to the terms of the service by clicking I Agree, then enter a strong password and click on Next Step, Select the coin you want to add and click on Create Wallet
From the wallet menu, you can see different features, this feature include Assets, scan QR, exchange, Marketplace, dapp browser, and linked projects.
The screenshot below shows the menu of Enjin wallet.
The Enjin Wallet Marketplace
One of the features of the Enjin wallet is Marketplace, select it from the feature and you will be redirected to Enjin website.
On the landing page, select "explore", and I was directed to the marketplace where I can buy the NFTS of my desire.
By selecting "Marketplace," we can see that there are 17,484 goods for sale at the time of this assignment.
Infowars Telegram is on the top three list.
Description
Official channel for the real Alex Jones & uncensored Infowars content + promotions!!!!
SHARE THE LINKS
Tune in 24/7: infowars.com/show
Subscribe: infowars.com/newsletter
Support: infowarsstore.com - YOU ARE THE RESISTANCE!!.
Views: 1,062
Hodlers: 28
Created: 2 years ago 17 Mar 2020 17:23:35
Dragonscaler is the second on the top list.
Description:
As the sharpened arrow pierced it's heart, the crystalline dragon tumbled to the ground, it's glimmering coat shattering like a thousand sheets of fallen glass in synchronous fashion, leaving behind but a mass of lucid scales, and jubilant relief…
Those who know of the ancient tale, believe it to be true, and if it were not, how does one explain the power of the Dragonscalers? Said to be forged from the scaly hide of the ancient beast known as the Crystalline Dragon, these uniquely limited set of rings have yet to be reproduced, nor have the gems that make up it's physical composition been found anywhere throughout the known world.
Whether it's existence derives from myth, or historical accuracy, the Dragonscaler remains one of the great relics of past, granting it's wearer an immense power, that any archer would gladly kill to get their hands on!
Created: 2 years ago 28 Nov 2019 01:59:56
Views: 2,779
Hodlers: 23
Uncertainty [Skin] is the last in the top three list.
Description:
Uncertainty, the undisputed leader of Team FUD.
This token unlocks a unique player skin based off of Uncertainty within Cryptonom. Holders of this token will also unlock a unique boss battle within our NOM Battle Bot in Telegram (@NOMBattleBot).
An official collaboration between Cryptonom and Ether Legends.
Created: 1 year ago 12 Jul 2020 04:03:04
Views: 203
Hodlers: 27
5.) In your personal opinion, what is the future of the NFT Markets? Give reasons for your answer.
Most people throughout the world are unfamiliar with NFTs in general. The arts and gaming sectors have embraced NFTs as a method to produce collectibles for gaming sites and for aesthetic reasons. As a result, most NFT marketplaces now sell collectibles like art and video games. The use of blockchain technology to authenticate the identities of digital files offers a far broader range of applications than we now see.
I predict NFT market places to expand their operations outside the gaming and creative arts industries, since this breakthrough technology is needed in a variety of fields. New market areas with new applications will arise, and existing ones will extend their capabilities.
Conclusion
The NFT market is a public platform where anyone that is interested can create/mint and trade non-fungible tokens. Artists, for example, can sell their physical works by converting them to NFTs; but, in such circumstances, the physical work must be sent to the buyer. The Niftygateway, which is utilized by many individuals and personalities for their NFT sales, is one of the top platforms for minting and purchasing NFT.
Developers and creators can also design and create NFTs tied to the Enjin platform's coin, Enjin coin, using the Enjin wallet and Enjin platform.
Thank you all for reading through, and special thanks to professor @imagen for this fantastic lesson.
Gracias por participar en la Cuarta Temporada de la Steemit Crypto Academy.
Continua esforzandote, espero seguir corrigiendo tus asignaciones.
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