QUESTION 1
Describe in depth the nifty gateway platform, who are its founders? what market or target is I aimed at.

The Nifty Gateway Platform

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The nifty gateway platform is known to be a leading online platform particularly for NFT trading. This Nifty gateway platform takes into consideration the collectible artwork and crypto-technology in creating tradable assets, high value as well as brings the world to a new investment potential.

The Nifty gateway platform is own by the Gemini LLC company which is a cryptocurrency exchange website with win owners and founders, called the winklevoss brothers. The said company above, the Gemini LLC is actually a new york trust company with no stocks or share price; as normally called no foreseeable IPO.

What market the Nifty Gateway is aim at

The nifty gateway is known to be an exclusive market place which is reserved for artwork and music specifically curated by he nifty team.
Talking about the aspect of the music and the artwork, we have musicians such as the Carl Cox, Lil Yachty shown to have drops with sales reaching thousands of dollars. In the
I will be listing below some popular captivating collections sold on the nifty gateway platform.

The Bitcoin Angel it was created by Trevor Jones with the captivating piece which has a last sold of $3200 with 1712 sold.

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We also have the Genesis.001 which has a last sold of $1999.00 and 620 sold.

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We have the faces, which has a last sold of $999 and 2793 sold.

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This are just a few listed. We have other popular artist which include;

• Genies
• Greg mike
• Lushsux
• Mad dog jones
• 3 lau
  And others.

ADVANTAGES OF THE NIFTY GATEWAY PLATFORM

• When we compare the Nifty gateway platform to other market space such as the rarible and the makerspace, we see that the nifty gateway is created by exclusive artists and as well as collectors items. So in the summation we will the nifty gateway has unique collections
• Going to the aspect of exclusiveness, we see the nifty gateway vigorously vets in its non-fungible tokens handpick and as well as its artist are exclusive.

DISADVANTAGES OF THE NIFTY GATEWAY PLATFORM

• On a general base, not leaving out the nifty gateway is the environmental impact blockchain technology cost on the environment. And the nifty gateway relies on the blockchain technology.
• Going to what we call the NFT heist, we see a number of nifty gateway accounts were hacked and this cost a thousands of dollars lost of artwork. This really brought down the morals of the nifty gateway.

QUESTION 2
What are ERC-1155 tokens? How do they differ from ERC-20 and ERC-721 tokens

ERC-1155 Tokens

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The ERC-1155 token is a unique token which is known to support the non-fungible tokens and is also the ERC-1155 token is known to be a faster and more efficient token that can be used for batch token transfer. The ERC-1155 has the so-called name the next generation multi-token standard which was developed by Enjin

The ERC-1155 is noted to use a single contract in various types of nonfungable tokens. The transactions are also noted to be very minute as it cuts up to 90% gas fee making it very affordable in stating minting on the blockchain.

How ERC-1155 differs from ERC-721 tokens.

Fungible and Non-Fungibles

The ERC-721 is known to be limited to only non-fungibles while the ERC-115 allows both fundibles and non-fungibles

Transfer

In terms of transfer, we will be relating to batch transfer, the ERC-721 supports the transfer of one token at a moment while with the ERC-1155, we can transfer many token ID in a single transaction.

Smart contracts

Going to smart contracts, the ERC-721 requires new smart contracts in deploying a type of token while the ERC-1155, deploys infinite token types in a single smart contract.

The ERC-1155 is known to be a dual purpose fungible and non fungable token which has the main idea behind its development to tokenize stuffs like gaming skins and other commodities. While the ERC-721 is a non-fungible tokenized by default and is known to be a gold standard of a valuable collectible NFT.

How ERC-1155 differs from ERC-20 tokens.

The ERC-20 is known to be designed solely on the ethereum plarform in terms of usage while the ERC-1155 is based on single contracts in representing multiple tokens at once.

The ERC-1155 is a token standard which is created by ENJIN team and can create both fungible tokens and non fungible assets with examples erc20 and cryptokitties respectively. While the ERC-20 is blockchain based platform.

QUESTION 3
Login to etherscan. Please indicate the number of ERC-1155 tokens in existence at the time of writing this assignment. Indicate the firs 5 token 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 screenshot.

The Etherscan

We begin by logging into the etherscan And we can see the home page.

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To see the ERC-1155 token, we click on the token tab: and take ERC which we can see below.

^{Screenshot from etherscan}

^{Screenshot from etherscan}

First 5 tokens by volume of transaction in the last 24 hours

hashes of the last transaction.

^{Screenshot from etherscan}

^{Screenshot from}

Hash: 0x9f20f2443ec1ed8b250d95fdb79bfc98b9860780de28d378b2334b7821eb46de

Contract: 0x495f947276749ce646f68ac8c248420045cb7b5e

QUESTION 4
Enter the Enjin wallet, describe the functions that it presents in its user interface. Enter the market place indicate the number of items for sale; indicate the first 3 items on the list and their description. Show screenshot.

The Enjin Wallet

We can by login to the site through the link link

^{Screenshot from Enjin wallet}

Describing the function of the user interface, we have the following core features

• Products
• Resources
• About
• Login
• Get started
  Clicking on the product feature which is the main feature on the enjin wallet, we have the following sub-features as I will be explaining detail below.

^{Screenshot from Enjin wallet}

Platform

On the platform tab, we can follow to create and integrate next-gen non fungible tokens with the usage of games, apps and websites.

^{Screenshot from Enjin wallet}

Wallet

On the wallet feature, we can use it to create wallet in the following steps.
We click on the download button which will redirect us to a page asking if we want to download from play or apple store which I choose apple store and I download and follow the processes to create a wallet.

^{Screenshot from Enjin wallet}

^{Screenshot from Enjin wallet}

Marketplace

The market place is the main place we will be exploring more, because with the market place we can discover unique NFTs as well as buy and sell.

^{Screenshot from Enjin wallet}

Beam

The beam is the last sub-feature in the product tab. It provides an interface to grow and engage in the audience.

^{Screenshot from Enjin wallet}

Exploring the marketplace and getting First 3 items on the list

The Crystal Rosin

The crystal rosin is described to provide a first-rate protective sealing coat particular for wooden surfaces as well as decorative objects. It is said the primary purpose sealing the pores of woods so as to give it a smooth even surface.

^{Screenshot from Enjin wallet}

The Sirion’s Thunder

The sirion’s thunderm is describes to build the development of inter-dimensional travel workshop as the so called sirion’s keep. It is noted in ensuring safety of horrific findings and generating an over power weapon.

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Zigzag Zeal

In a brief description of the zigzag zeal, it is meant to search way particularly to counter effects of old age. Adding to this, it is also meant to counter decline rapid stamina, as well as thorberth native and local sorceress.

^{Screenshot from}

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QUESTION 5
In your personal opinion, what is the future of the NFT markets? Give reasons for your answers.

Future of the NFT market

In my own opinion, with the current rise of the NFT market price especially in this year 2021, I see it to be proven profitable form of investment in the future. This is because it creates value for tokenized assets.

Going to the fact that artwork and music has come to stay and is actually a lifestyle which happens to be the main assets marketed on the NFT market, we see an exponential increase in the nearest future, as more and more people gain knowledge in the aspect so will the engage in the NFT market. This boils to the fact that human are more into ownership as they will want to claim ownership of their assets which is a great aspect of the NFT Market, it gives right of ownership o artist in creating digital assets as well as show prove of authenticity which is a great factor to increase the spread of NFT in the nearest future.

Conclusion

So far we have seen the Nifty gateway platform, it’s aim as well the background of the platform. We have also seen the various pros and cons of the ERC-1155 when compared with the ERC-20 and the ERC-721. In addition, we have explore the etherscan site checking various transactions hashes and their contract and concluding, we have explore the Enjin wallet, specifically the Market place.