Thanks Professor @imagen for an awesome lecture.Due to much production and demand of digital assets, the NFT market place have grown over the years, in order to meet up with the demand and supply of these products. There are different market places where these digital assets can be produced among which Open sea is the oldest, others are the Rarible, Mintable, Valueables etc including the Nifty Gateway.

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

The Nifty gateway a centralised marketplace where nifties which are digital assets( Non-fungible tokens) can be created and managed using the ethereum blockchain, it makes the buying of this digital asset easy by allowing the use of credit and debit card for the purchase of popular Non-fungible tokens which includes God's unchained and Cryptokitties displayed in the platform. It allows its user to upload an already owned NFT from another source into the Nifty gateway Omnibus wallet by using Metamask.Nifty gateway was founded by Griffin Cock Foster and Duncan Cock Foster twin brotherS, it is owned by the Gemini LLC company a New york company with no forseeable IPO, irrespective of this facts, they had around $770 million-$1 billion sells of NFT tokens in recent month. Nifty gateway have had collaborations with some popular musicians such as Yatchy lil, Ozuna and Carl cox etc., with sales of their drop worth thousands of dollars. Also some popular artist like Trevor Jones who has had over 1712 of his Bitcoin Angel art work sold for $3200.

SOURCE

METHODS USED TO PURCHASE NFT IN NIFTY GATEWAYS

There are some few ways to purchase Nifties which includes:

1.Open Edition: Here an unlimited number of NFTs are available to be sold, according to the selection and this happen within a short period of time

2.Global Offer: Here an offer is submitted by someone interested in a particular NFT, after which Notifications is sent those who has the collection, anyone who wants to sell can then sell

3.Online Silent Auction: This is a trial and error method where one tends to win or lose after biding blindly

4.Drawing: Here the winner of a raffle draw gets to pay the price of a nifty he won

METHODS USED IN CREATING NFTs USING NIFTY GATEWAYS

In order to create NFTs , one has to visit the Nifty gateway site and fill in all their questionare and then follow other processess.

NIFTY GATEWAY COMMISION AND FEES

For every sales made in the Nifty gate platform, the 10% goes to the original owner of the art work during secondary sales why 5% goes to platform as taxes, Also 30cents is used as transaction, all these, makes fees not to be transparent in Nifty gateway

PROS OF NIFTY GATEWAY

Nifty gateway deals more on the exclusiveness of a product, that is to say, out of the many art works available they select view to display i their platform Also the Aesthetics of an art work is what differentiate them from other marketplace like the Rarible and Open Sea, hence one of the best market place in terms of it's unique collections

CONS OF NIFTY GATEWAY

NFT HEIST: Of recent some users reported of nifties worth thousands of dollars been stolen after their accounts was hacked due to the fact that they were not using 2FA that was recommended by the company that was meant to protect them from being hacked.

US BASED PAYMENT WITHDRAWAL: Withdrawal can be made to those using only US banks.

ENVIRONMENTAL EFFECTS: Nifty gateways consumes alot of energy and also its users get to pay much for transaction fee.Finally Nifty gateway is focuses more on getting unique art work out of many that have been created

2.What are ERC-1155 tokens? How does it differ from ERC-20 and ERC-721 tokens?

SOURCE

ERC-1155 tokens are token standard that allows it's user to use a single contract to produce/mint many other tokens both fungible and non-fungible within short period of time, seconds to be precise, it is based on the Ethereum blockchain where it is used to develop any type of projects, games, assets.The Enjin platform is an example of single contract based on ERC-1155, it also know that about 59million tokens have been created based on ERC-1155 token standard.There are some differences that exist among ERC-1155 , ERC-20 and ECR-721, some of them are as followsERC-1155 differ from ERC-20 due to that fact that i can be used to develop fungible tokens while ERC-20 are used for developing only fungible tokensERC-1155 differs from ERC-721 by being able to produce fungible tokens in additional to non-fungible token whereas ERC-721 standard can only be used to produce non-fungible tokens.

3.Enter Etherscan. Indicate the number of ERC-1155 tokens existing at the time of writing your task. Indicate the first 5 tokens per 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. Show Screenshots.

The image above shows an etherscan interface. To get information about the ERC-1155 tokens, we click on the token icon highlighted in the screenshot above

The screenshot above shows a list of options which includes, ERC-20,ERC-721 and ERC-1155, since what we are interested in is ERC-1155 we have to click on the ERC-1155 Token

The highlight in the screenshot above shows a total of 18420 ERC-1155 token contract at the moment of doing this work

From the above screenshot, the following information about the first 5 tokens per volume of the transaction in the last 24hrs were elicited

Token	Volume in last 24hrs
1.OpenSea Shared Storefront (OPENSTORE)	21,148
2.0x54f456b544abfb785694400bcb1d85629b2d437f	2,804
3.Zapper NFT V2	1,867
4.0x7a44228e46cdd37a85c0b07c4043b86c11e8c315	1,554
5. InZapper NFT (ZPR_NFT)	1.459

The screenshot above indicates the Hash of the last transaction, the Token name and the smart contract

The image above shows the smart contract

4.Enter the Enjin wallet.Describe the features it presents in your user interface. Enter Marketplace: indicate the number of items for sale, indicate the first 3 items in the list and the description of them. Show Screenshots.

The following are the features visible in my interface after installation of Enjin wallet and a creation of an account

Wallet: This shows the coin i have in my Enjin wallet

Assets: Showcases the collectibles i have in my wallet

Scan QR: This enables one to connect his wallet to multiple device

Exchange: Here one can send and receive a token

Market Place: Here available token are showcased.

DApp: This allows one to access informations from the internet while still using the app

The number of NFT available at the time of writing this assignment is 17,474

Above is the screenshot of the first 3 item available at the time of writing this assignment.

The screenshot above shows the description of Tears of serenity the first out of the first 3 items displayed in the market place

The screenshot above shows the description of Nestables Founders Token the second out of the first 3 displayed in the market place.

The above screenshot shows the description of Origin the last among the first three tokens displayed in the market place

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

NFT has a bright future In my opinion with the rapid growth in development of Non-Fungible token and the increase in the pace at which they are utilized, NFT Market has become an area of interest for many artists due to their unique and rare collectionIn the future NFT will play a big part in blockchain gaming development. Also in the music sector NFT will be used as a means of crowd funding of an album before the release of the album.

CONCLUSION

NFT Market has recorded much progress over the recent past and has continued to develop with growth in blockchain decentralized system. With the help of NFT Market place anyone can display his work of art, buying and selling of NFTs have also been made easy by the emergence of many Market place.