Hello everyone. Our world has been fighting a big epidemic for almost 2 years. I hope all of you are in good health. Stay healthy!

Today I will share with you the my homework given by the professor @imagen

_{made with canva}

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QUESTIONS

1.) Describa en profundidad la plataforma Nifty Gateway ¿Quiénes son sus fundadores? ¿A qué mercado o target va dirigido?

2.) ¿Qué son los tokens ERC-1155? ¿En qué difieren de los tokens ERC-20 y ERC-721?

3.) Ingrese a Etherscan. Indique la cantidad de tokens ERC-1155 existentes al momento de redactar su tarea. Indique los 5 primeros tokens por volúmen de transacciones en las últimas 24 horas. Indique el Hash de la última transacción efectuada y la identificación del token así como su contrato inteligente. Muestre Capturas de Pantalla.

4.) Ingrese a la billetera Enjin. Describa las funciones que presenta en su interfaz de usuario. Ingrese a Marketplace: indique la cantidad de artículos en venta, indique los 3 primeros ítems de la lista y la descripción de los mismos. Muestre Capturas de Pantalla.

5.) En su opinión personal, ¿cuál es el futuro de los Mercados de NFT? Razone su respuesta.

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INTRODUCTION

Just like our lives, many sectors continue to change. These sectors are shaped and digitalized according to the preferences of the people. The art sector is one of the sectors affected by these situations. Today, a painting does not have to be made with oil paint on canvas. Artworks can also be produced digitally via a computer. Because they are digital, these works may be easier to fake or copy. The originality of these works of art, which are released with blockchain technology as NFT (Non-Fungible Token), are preserved. In this homework, we will give some information about NFT and talk about some platforms where NFT are traded.

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Nifty Gateway

_Source

Gateway is an online platform that runs on the ethereum blockchain, allowing you to trade Non-Fungible Tokens(NFT). It is one of the most popular platforms today, and world-renowned artists offer their works for sale in cooperation with this platform.

Nifty Gateway was founded in 2018 by twin brothers Duncan and Griffin Cock Foster. In 2019, the founders of Gemini exchange were acquired by twin brothers Tyler and Cameron Winklevoss. As you know, the Winklevoss brothers were the first to come up with the idea of Facebook. The Winklevoss brothers sued Mark Zuckerberg and won a substantial amount of compensation. With this compensation, they invested in bitcoin. It is said that their profit after the appreciation of Bitcoin is more than $ 1 billion. In other words, we can say that the current owners of Nifty Gateway are quite famous names in the crypto world.

Nifty Gateway is a private online platform for art and music. The Nifty team provides NFT translations of the works of famous artists and musicians and sells them on the site. If you want to convert and sell your artworks in NFT, you must apply through the Nifty Gateway website.

The gas fee for transactions with Ethereum is quite high. At the same time, this means high energy usage. One of the best parts of the Nifty Gateway platform is that you don't have to use crypto money for shopping. A nice system has been set up, and you can top up your balance with your credit card. You can also withdraw your sales directly to your bank account. Thanks to this system, people got rid of very high gas payments. High gas fee means high energy expenditure. They are able to implement the environmentally friendly policy, which is one of the most important issues of the last period, albeit a little.

Not only can you generate NFTs and earn profits, you can also buy other people's NFTs on this platform and then sell them for higher prices and make a profit. In particular, it is possible to earn good income from the sales made in the limited time that the site organizes under the name of drops. Because you have the opportunity to buy the few produced works of famous artists such as Michael Kagan and Kenny Scharf at very affordable prices, and then you can sell these NFTs at a higher price if you wish. But I would also like to say that you have to be very careful. You may not be able to find a buyer and sell the NFT you bought to make a profit, at a loss, or you may not be able to sell it at all.

Another thing you should pay attention to is the commission fees. A substantial 15% deduction is applied to the NFTs you sell. 10% of this deduction is sent to the original owner of the NFT as a secondary sale. The remaining 5% is deducted under the name of site maintenance fee. It also means that if you are an NFT artist, you can earn extra income every time your NFT is sold on this platform's market.

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Nifty Gateway: DROPS

It is an almost daily NFT sale event. NFTs of famous artists, in cooperation with the Nifty Gateway team, are being sold. Sales are made in different ways: Drawing, Auction and Limited number of fixed price sales.

You can find out which artist's NFT will be sold on which day by clicking the Drops tab above while on the main page of the platform. You can buy the works of the artist you like here, or as I mentioned above, you can have the opportunity to buy these products, which are sold in limited numbers, to make a profit. You also need to pay attention to the duration of the auctions. For example, in the screenshot below, on September 24, Alotta Money's NFT will only be available for 30 minutes. If you do not buy it within this period, you can buy it later from the platform market, more expensive than the investors who bought it within the specified period, or cheaper depending on the demand.

_{SS from Nifty Gateway}

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Let's take Beeple's NFT as an example. Beeple's NFT INFECTED, listed at $960, was last sold for $22,500 in the marketplace section of the Nifty Gateway platform by a person and made a huge profit.

_{SS from Nifty Gateway}

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Next-Generation Smart Contract: ERC-1155

ERC-1155 is a standard developed by the Enjin team. This standard runs on the Ethereum blockchain. With this standard, both fungible and non-fungible tokens can be produced. Today, ERC-1155 is mostly used in games running on the blockchain system.

The features of the ERC-721 standard, which are the standards used for NFTs, are also found in this standard. In addition, the missing or flawed aspects of these standards are completed with the ERC-1155 standard.

One of the features that makes this standard different is the verification process during the transactions. So what does this verification process do? When you send a token to a wrong address with ERC-20, you cannot get that token back and you will lose the token completely. Thanks to the verification process in ERC-1155, when we transfer to the wrong address, the token is sent back to our wallet.

Unlike other standards, many transactions can be performed at once in the ERC-1155 standard. Contracts are not created for each token or collection separately. This is very advantageous for projects that require multiple tokens in transactions. In this way, gas usage is considerably reduced. It makes it economical and efficient. For example, consider a game. You have 20 health potions in that game and you want to send it to someone else. With the ERC-1155 standard, all these potions are sent at once. If there were any other standards, separate contracts would be created for all of them and gas usage would be higher.

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ERC-1155 and ERC-20-ERC721 Differences

ERC-1155	ERC-20 & ERC-721
Tokens are sent back to the sender's address when a failed transaction is made	Tokens cannot be sent back to the sender's address after a failed transaction
Compatible with ERC-20 & ERC-721 tokens	It is not compatible with others.
Token or NFT, multiple transactions can be made	More than one transaction cannot be done at once
We can say that the transaction fee is lower as more than one transaction can be made at once	Since more than one transaction cannot be made at once, the transaction fee will be higher.

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EtherScan

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EtherScan is a site where we can review tokens, wallet addresses and smart contracts created on the ethereum blockchain and verify and track transactions. We always talk about the transparency feature of blockchain. Discovering the transparency feature makes it even easier with sites like EtherScan.

Number of ERC-1155 Tokens

• First, enter the EtherScan website.

• Then hover the mouse cursor over Tokens in the upper right corner.

• Click on ERC1155 Top Tokens from the tab that opens.
  

  _{SS from EtherScan}

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• At the time of doing this homework, there are 18,114 ERC-1155 tokens.

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Top 5 Coins Based on Trading Volume in the Last 24H

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• First, enter the EtherScan website.

• Then hover the mouse cursor over Tokens in the upper right corner.

• Click on ERC1155 Top Tokens from the tab that opens.

_{SS from EtherScan}

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You can view it according to the last 24 hours from the points I marked in the screenshot.

• OpenSea Shared Storefront (OPENSTORE)

• 0x715565baf69afcbbe88f56d46f1c9fe2df828705

• 0xd0ed73b33789111807bd64ae2a6e1e6f92f986f5

• Rarible (RARI)

• Woodies Mint Passport

_{SS from EtherScan}

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Last Transaction Review Performed

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• In order to view the last transaction, we first move the mouse cursor over Tokens in the upper right corner of the homepage.

• Click on View ERC1155 Transfers from the tab that opens.

_{SS from EtherScan}

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• Click on the Txn Hash I marked in the screenshot to access information about the transaction such as hash, value, transaction fee, contract.

_{SS from EtherScan}

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• Hash: 0xbe541d6a8372f808c64f92a9c82a6f54f6b1730d4a14b72ee65f36b4f62f5f0f

• Timestamp: Sep-21-2021 08:00:58 PM +UTC

• Interacted With (To) Contract:
  0x7be8076f4ea4a4ad08075c2508e481d6c946d12b

• Transaction Fee: 0.026614923909083235 Ether ($76.78)

_{SS from EtherScan}

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To access the token contract, open the tab in the Token section of the transaction I marked in the screenshot.

• Contract: 0x495f947276749ce646f68ac8c248420045cb7b5e

_{SS from EtherScan}

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Enjin Wallet

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Enjin wallet is a wallet developed for you to quickly and securely manage bitcoin, ethereum, litecoin and ethereum-based tokens. In addition, players playing blockchain-based games can store and transfer their virtual items on this wallet.

A mobilephone with android or ios operating systems is required to use the wallet. To use the application, download it from the playstore or appstore and create a wallet by clicking create wallet.

When registering, you must write the seed words somewhere. Because you can't take screenshots while registering. If you lose the seed words, you may lose all your assets in this wallet.

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Enjin Wallet Exploring

When we click on the place I marked above on the main page of the application, the tab where we can perform wallets, assets, scan qr, exchange, marketplace, dapp browser, linked projects, contact support and settings opens.

_{Screenshot from Enjin Wallet app.}

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• Wallets

In this section, we can view our crypto assets in the wallet and the value of the crypto assets we own according to the fiat currency we choose.

_{Screenshot from Enjin Wallet app.}

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• Assets

In this section, we can see the items we have.

By clicking Receive, we can reach our collectible address and the QR code of the collectible address.

By clicking Multisend we can send the items we have to others.

_{Screenshot from Enjin Wallet app.}

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• Scan QR

It is the scanning section where we can use QR codes.

_{Screenshot from Enjin Wallet app.}

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• Exchange

In this section, we can exchange our assets in the wallet into another crypto asset.

In the screenshot I entered 100 ENJ as convert to ETH. Below are the exchanges that will perform the conversion process. You can complete the transaction by choosing the fastest and least commissioned exchange.

You can view the transactions you have made in the past from the Log section on the right.

_{Screenshot from Enjin Wallet app.}

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• Marketplace

In this section, users can sell their items in the games or buy items for the game they are playing. When we click on Marketplace, the internet browser opens.

_{Screenshot from Enjin Wallet app.}

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Let's take a purchase as an example. While doing these transactions, I entered the marketplace on computer, as the Scan QR section of the application will provide us convenience.

Click buy under an item you want to buy from the Marketplace section.

_source

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In the tab that opens later, the prices of the selected item in the market are listed. Choose the best price.

_source

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The QR code appears in order for us to pay for the item and purchase it. Enter the Scan QR section from the application and scan the code.

_source

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After scanning the code, we will see the page where we will confirm the payment. After approval, the item is added to our wallet.

_{Screenshot from Enjin Wallet app.}

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• dApp Browser

In this section, you can access applications such as games, exchange, DeFi.

_{Screenshot from Enjin Wallet app.}

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• Linked Apps

You can make the linked projects or the project you want to link from this section.

_{Screenshot from Enjin Wallet app.}

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• Contact Support

You can access the help center from this section.

You can find a solution to the problem you are experiencing from the FAQ section, and if you cannot find a solution, you can find a solution by sending a support ticket.

_{Screenshot from Enjin Wallet app.}

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• Settings

In the Settings section, you can adjust many settings such as the language of the application, the currency in which the values of the assets will be displayed, notification settings, password change.

_{Screenshot from Enjin Wallet app.}

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• Creating a New Wallet

Click on Main Wallet on the homepage of the application. Click Create Wallet from the tab that opens. You can create a new wallet or integrate another existing wallet.

_{Screenshot from Enjin Wallet app.}

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• Add Contact

It is a function that will create convenience for you when transferring assets. Click where I marked in the screenshot. Then click Add Contact on the page that opens. Add by entering the address and name/label of the person you are going to add. There is no limit. You can add unlimited contacts from ETH, bitcoin, litecoin, binance coin, dogecoin, polkadot and kusama addresses.

_{Screenshot from Enjin Wallet app.}

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• Wallet Coin List

You can set the coins that will appear in the Wallet section from the place I marked in the screenshot.

_{Screenshot from Enjin Wallet app.}

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Enjin Marketplace

Marketplace is the place where items are bought and sold on the platform.

To access the Marketplace, go to enjinx.io. Click on marketplace above.

_source

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There are currently 17,485 items on the Marketplace's sale list.

The first 3 items requested in the homework are:

• Dragonscaler
• Tears of Serenity
• Uncertainty [Skin]

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• Dragonscaler

• Project: Lost Relics
• Rarity: Legendary
• Item Type: Ring
• Item Effects: +10% ranged damage
• Price: Starting from 144 ENJ (185$)
• Standart: ERC-1155 (Enjin)

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Item description:

_Source

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• Tears of Serenity

• Project: Lost Relics
• Rarity: Epic
• Item Type: Potion
• Item Effects: +1000 health over 10 seconds, invisibility during this time.
• Price: Starting from 170 ENJ (219,30$)
• Standart: ERC-1155 (Enjin)

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Item description:

_{Source & Read More}

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• Uncertainty [Skin]

• Project: Cyptonom
• Item Type: Skin
• Price: Selling at 250 ENJ (322,50$)
• Standart: ERC-1155 (Enjin)

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Item description:

_Source

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My Personal Opinions about NFT

As time progresses, technology develops and people's lifestyles change. As a result of these changes, people's investment habits are also changing. NFT is one of them.

As we all know, there was a bull period in NFTs recently. We are still in this bull period. I think we are at the very beginning and have not yet reached the full potential of NFT. For this reason, I predict that the NFT market will become much more active with the developments to be experienced in the coming days.

Although it has only just begun to spread, many famous artists have already converted their works to NFT and sold them. Many users had the opportunity to earn high profits because of this situation. As developments like these spread, more investors and artists will enter the NFT market.

It also means an opportunity not only for investors and famous artists, but also for many talented artists who are not yet heard of. Before this technology, many talented artists could not get a reward for their work, as their names were not heard. Together with NFT, these artists began to be able to sell their works. I came across many examples of this on Twitter.

I can say that NFT is also an opportunity for me. I am interested in music and painting as an amateur. I've been thinking lately about putting my works on sale by converting them into NFT. I need to do some more research for this.

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Thanks.

CC:
@imagen