NFT Markets || Crypto Academy S4W3 || Professor @imagen

in SteemitCryptoAcademy3 years ago (edited)


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Greetings dear community this is my entry to the task of the professor @imagen I want to give him a big greeting and to all the community I will give my best in this investigative task.

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

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Nifty Gateway One of the largest and millionaire companies of this new era of NFTs, was created in 2018 by the twins Griffin Foster and Duncan Foster at that time the platform sold NFTs through Fiat currency under the Debit credit mode and only focused on that in this way was climbing level and gaining reputation in this way the Winklevoss twins brothers, The buyers of Nifty Gateway were already owners of Gemini. It was bought in 2019 and in 2021 the Winklevoss twins created important links with an auction house in the United Kingdom called Sotheby's. The platform works in a completely centralized way and is managed by the company.

The platform works in a completely centralized way, each NFT and user goes through a review process before uploading it on the platform, thus only quality NFTs of recognized artists will be marketed, each nft is not cheap at all, some time ago the company observed the relatively high growth of NFTs of this dome opened business for all types of nft, fine arts, paintings, songs, video games, photos, collectibles, famous artists, giff, and many more than you could imagine.

One of the most important financial rules is the following if a Creator sells his art or nft to a buyer who later sells back the NFT 10% of the sale is received by the Creator of the NFT is a very important rule that the platform has.

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2.) What are ERC-1155 tokens and how do they differ from ERC-20 and ERC-721 tokens?

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The ERC1155 token is a token created to supply the user's needs in terms of transfers gas costs and compatibility of the other tokens, such as it is compatible with both the ERC20 token and the ERC721, these two previous tokens are not compatible with each other for several features that I will be mentioning shortly.

This ERC1155 token offers a very special feature and that is to save gas by transferring multiple tokens with a single contract, i.e. you can send ERC-20 and ERC-721 tokens with the same contract and the amount you want. This lowers the transaction cost very much.

Transaction security for ERC1155 token, this token has a feature amount of transaction verification which tells us if it was successful or not in this way you may or may not know if it was done in such case if the transaction is not done the system can immediately reverse the transaction and return the token to the previous owner or the issuer.

How do ERC-20 and ERC-721 tokens differ from each other?

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ERC20 token is a fungible token which can be exchanged and minted.

ERC71 token is a single non-fungible NFT which cannot be minted or exchanged.

ERC20 token can be used to interact in some project such as video games which are currently at the top of the NFT world, for example Axies are ERC721 token but AXS token is an erc20 token, they are two very different tokens from each other.

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3.) Log in to Etherscan. Indicate the number of ERC-1155 tokens existing at the time of writing your task. Enter the top 5 tokens by volume of transactions in the last 24 hours. Indicate the Hash of the last transaction made and the identification of the token as well as its smart contract. Display Screenshots.

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A total of 18,430 ERC-721 Token available at the time of my task.


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1 loomlocknft (24h)11,214
0x1D20A51F088492A0f1C57f047A9e30c9aB5C07Ea

2 WynLambo (24h) 10,588
0x414c5e3716bcec4b2373108b187914215695627a

3 10KTF (24h) 10,561
0x0Cfb5d82BE2b949e8fa73A656dF91821E2aD99FD

4 Angry Boars (24h) 9,162
0xA66CC78067fd1E6Aa3eEC4CcdFF88D81527F92c1

5 BuildABetterFuture (BABF) 8,173
0xDd69da9a83ceDc730bc4d3C56E96D29Acc05eCDE


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4- Enter the Enjin wallet. Describe the functions presented in its user interface. Enter Marketplace: indicate the quantity of items for sale, indicate the first 3 items in the list and the description of the items. Show Screenshots

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For this we go to the playstore and download the Enjin app.


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We can scan the QR code or open a wallet.


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We will create a new account.


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In the menu let's go to Markets to see which are the first 3 NFTs:


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In the @ figure you will find the added contacts.


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Here we can see the top 3 NFTs of the market in the updated market with more than 17,475 at the time of the task.


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NFT:
Divisional Supremacy.
It has 8 bids of 650EN total= 897$.

Review: it's a zerphir was insatiable.

rarity: mirico

Item Type
Axe

Item subtype
Two-handed

Effects of the item
Unknown


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NFT: Tears of Serenity

2 on sale, starting at 224 ENJ $ 309.12

Rarity
Epic

Item Type
Potion

Item effects
+1000 health for 10 seconds, invisibility during this time


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6 on offer, starting at 600 ENJ $ 828.00

creador: 0x07a236626bF7A3195fc134CEB29691490759fc59

Project:
Nestables

Created:
2 years ago 16 Sep 2019 14:11:35

Standard:
ERC-1155 (Enjin)


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5.) In your personal opinion, what is the future of NFT Markets? Reason your answer.

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In my own personal opinion I think that NFTs came to change the point of view of those who still doubted their great persuasive and economic power they can have in a given time i.e. if you are an artist you can create a NFT ie register in the blockchain your work and then sell it with possibility to certain shares if you wish for the real work, buying virtual or real land as a house you can turn it into a NFT and give rights to the owner to enter it, is a way to interact and invest because each NFT has a cost of gas to be entered into the nodes of the blockchain.

Another factor is the technology that is hidden behind all this because we only see photos, art, etc. captured in a digital picture but we do not see the great security technology, infrastructure, all in real time that is exercised to have active this great global ecosystem. remember that the NFT are just becoming known more now in countries like Venezuela, Argentina, Spain, Brazil and other eastern countries that have internet access.

The only key factor is the internet communication to be able to interact in this great world as we investigate there are auction houses associated with this great ecosystem where there are very powerful people or entities behind everything to protect all transactions at a relatively stable cost between seller and buyer. in this way you can buy and sell when and where you want with only have positive balance in cryptocurrency and a wallet to receive the tokens.

The NFT are unique non fungible tokens that aim to establish a unique ecosystem in the market and that is what attracts the attention of investors, the collectibles have positioned themselves in one of the first places in the digital market so they still have a long way to go and very lucrative for creators and collectors.

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Conclusion:

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In our trare talk about The Differences of ERC20 AND ERC721 tokens also talk about the creation of the ERC1155 token and its uses was something wonderful this creation, the next point was how to use etherscam and how to use it to see the blocks and the last tokens created besides all the knowledge gained with this task that will be implementing in future actions of our projects that way we can also teach people to better understand each of these points mentioned above thank you very much for your attention and see you in a next research work .

@imagen

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 3 years ago (edited)

Gracias por participar en la Cuarta Temporada de la Steemit Crypto Academy.

Escala de ValoraciónNotaObservaciones
Originalidad1.0/2.0
Profundidad del Tema1.0/2.0
Coherencia del Método1.5/2.0
Calidad de Análisis1.5/2.0
Estructura / Lenguaje2.0/2.0
Total7/10

  • Cumples con todos los requisitos.
  • Buena presentacion.
  • Uso de lenguaje sencillo y comprensible.
  • Bajo nivel de contenido. Falta profundidad en tus respuestas.
  • Falta mayor originalidad.
  • Buen nivel de analisis.

Continua esforzandote, espero seguir corrigiendo tus asignaciones.

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