Hello everyone and Assalam u Alaikum to all the fellow steemians. I am good and enjoying my life and I hope that you all are also doing well and having a great time in your respected lives. It's an honor to be here at Steemitcryptoacademy again.

This is my assignment post related to NFT Markets given by crypto intermediate professor @imagen . This assignment consist of five questions which I answered respectively.

Source

Task 1

---

Nifty Gateway Platform is one of the top-ranking platform of Non-Fungible Tokens which was found in 2018, Non-Fungible Tokens can be define as a Digital art or collectibles with it's unique identity and/or signature and can not be familiar to each other, Nifty is a great marketplace of NFT, where buying and selling of nifties take place. The unique identity and/or of nifties help to assess the owner/creator of nifties.

Nifty Gateway Platform is a centralized platform where every user has to undergo the operation management and their process for buying, selling and for the publishing of their digital art and nifties, while other NFT Market Platform like OpenSea and SuperRare are decentralized platform where users does not need to undergo any management operations.

Nifty Gateway Platform is the source of getting unique artworks and collectibles because of it's contract with skillful artists and well known brand, who only work for Nifty Gateway Platform. Nifty Platform also use it's own newsletter for creating hype in the market for upcoming digital arts and collectibles because of fast market users make pre-booking.

Nifties can be buy using normal currency through Nifty Gateway Platform. It also support USD Fiat Currency so it has become easy for US Bank user to make any transaction.

Nifties on Nifty Gateway Platform sell by using four methods, which are following ;

• Online Auctions : One can buy NFT by taking part in auctions.
• WorldWide Offers : NFT sell through price agreement between buyer and owner.
• Open Editions : NFTs sell by making their their quantities unlimited for limited time.
• Drawings : NFT sell by lottery at fixed price.

On every sell of any NFT Nifty Gateway Platform charge/take commission of 5% on total price.

NIfty Gateway Platform show it's game during the month of May/2020-April/2021 and meet the total sales of more then 300 Million USD and launched about Three Thousand new NFT. Nifty Gateway uses one of the safest blockchain which is Ethereum.

That's the main interface of Nifty Gateway Platform

Founders & Aim

It was founded by twin brothers Duncan Cock Foster and Griffin Cock Foster in 2018 and located in New York City with corporation with Gemini. The aim of the twin brothers and this platform is to make nifties accessible to every individual.

Source

Task 2

---

Introduction about ERC-1155, ERC-721, and ERC-20 :

• ERC-20

ERC stands for Ethereum Request for Comment, ERC-20 tokens are basically Fungible Tokens. These tokens are being used in many games as a reward or inventory. There is an interesting fact about ERC-20 that anyone can introduce his token by signing ERC-20 contract.

• ERC-721

ERC-721 tokens are basically Non-Fungible Tokens. These tokens are being used in the operation related to Nifties or Digital Art, which could be anything like drawings, music bands etc.... The interesting fact about ERC-721 is that these tokens can not destroyed or can not be broken, basically these tokens are not interchangeable.

• ERC-1155

ERC-1155 tokens does not have any fixed identity or you can say that these tokens does not fall in 1 nature because ERC-1155 tokens blockchain supports both Fungible and Non-Fungible Tokens. The interesting fact about ERC-1155 is the fast transaction of tokens.

Difference :

As I told you about all three tokens and their operations and nature so it has now become easier for me to make differentiate between them for example, ERC-20 and ERC-721 have separate nature like Fungible and Non-Fungible respectively. On other hand ERC-1155 are parent tokens which support both Fungible and Non-Fungible Tokens. ERC-1155 make transactions more faster then both ERC-20 and ERC-721. Introducing your coin and token is easier in ERC-20 and ERC-721 as compared to ERC-1155.

Task 3

---

For the accomplishment of this task I must open Etherscan and do research, You can use this link Etherscan. As professor asked about total number of ERC-1155 Tokens at the time of doing assignmen, so here is the screenshot ;

This is the main interface of etherscan, where arrow is is indicating my next step to get the total count of ERC-1155 tokens. By clicking on tokens you will get information about all three tokens but this question is related to ERC-1155 so I choose ERC-1155 from the list.

1: Here you can see the total number of ERC-1155 tokens which is 18,527 tokens.
2: Here you can see the top 5 transactions by volume in last 24 Hours, It is a part of this question.
3: Here you can see the time filter which is 24 Hours

Let me define you the last 5 transactions more clearly.

1: OpenSea Shared Storefront (OPENSTORE) with a volume of 20,837.
2: 0x54f456b544abfb785694400bcb1d85629b2d437f with a volume of 9,852.
3: 0x7a44228e46cdd37a85c0b07c4043b86c11e8c315 with a volume of 3,087.
4: Zapper NFT V2 with a volume of 1,461.
5: 0xc52e56f5a53ccc02db5503d915497e568c762ebb with a volume of 1,265.

This is the last part of this question where I show you Hash of the last transaction, it's identification and it's smart contract as well.

1: Here you can see the Hash of last transaction as Professor @imagen asked, which is 0xf496e91b058836325fe3ee13c6e9911b31f44cf1497ab693653ef97fd8765c58.
2: Successful Transaction.
3: It's contract 0x7be8076f4ea4a4ad08075c2508e481d6c946d12b OpenSea(verified).
4: Traded 1 NFT for 0.95 Ether.
5: The token nature is ERC-721 and it's ID is 1500 as professor asked about last transaction.

Task 4

---

For the accomplishment of this task, I firstly download Enjin Wallet in my cellphone from google play store.

Then I click on Open Wallet and continue my sign up, This takes me to the main interface of Enjin Wallet.

Here you can see the main options of Enjin Wallet which includes following;

Assets : This could e define as the place where nifties are stored.
Scan QR : THis allow you to make direct contact with games and other things just by scanning the QR code.
Exchange : This is the best part of this app which allow to exchange the cryptocurrncy.
Marketplace : This is the market where nifties and collectibles can be sell or buy.
DApp Browser : Through this you can serach for different applications.
Link Projects : These are the project which we post or create on Enjin Wallet.
Contact Support : For any queries and bug problem concerns we can use this option.
Settings : Through this you can change your preference such as Currency, Language etc...

By clicking on Marketplace, I land on the browser where I see the total count of Items available for sale which is 17,475.
Following are the three items on list and their description according to Professor's question.

• Golden Evanbrook
  

• Infowars Telegram
  

• Founder's Token
  

Task 5

---

We are living in the era of digital arts, where the art is growing in all over the world no matter in the forms of drawings, music, medals, portraits, digital tokens, memes and graphic representations etc. As I have done so much research on this topic and learn about aims of NFT Market so i could say that the future of NFT Market will be bright and successful because of the interest of the peoples towards this platform. A small boy from small village have the rights to make arts and sell them. Many of us does not know about this growing market and I personally believe that if any skillful and hardworking artist work for NFT Market, he will surely get curation and fame. NFT charged up the sport world and having contracts with National Basketball Association NBA which is now developing interested among the basketball lovers. NFT Market is much more then a digital world, It is also the market of emotions and feelings where singer singing the poems of thier life. I wish I could learn more and become a memorable part of this Market.

That's all for this assignment post, Thanks for reading it.


Regards: @dabeerahmed


Cc ; @imagen