Crypto Academy/Season 4/ week 3 – Homework Post for @imagen|| on NFTs- Market.
Introduction
What is NFT?
'Describe in depth the Nifty Gateway platform who are its founders? What market or target is it aimed at?
Nifty Gateway platform
Mode of Operation.
Merit.
- It a safe place to transact NFT’S
- The withdrawer option for users make it more transparent
Demerit
- It also has some forms of limitation in its functionality.
'What are the ERC-1155 tokens? How do they differ from EEC-20 and ERC-721 tokens?
ERC-1155 Token.
Image credit
Multiple token.
Fungilble and nonfungble token can be configured within a single smart contract using the ERC-1155 token while this is very impossible with the ERC-21 and ERC 721.Gas saving.
Of course we know some of the transaction carried on these network involves huge gas (fee) but the introduction of the ERC-1155 has been said to have reduced the gas fee (up to 90%) when carrying out a transactionEnables nemerous token swap.
It allows for large amount of token to be swaped with easy and simplicityEnables Multi Transfer.
Users can send token with high speed and at a go to multiple recipients.
Why ERC-1155 is preferred to ERC-21 & ERC -721
(i) ERC-21 & ERC -721 cannot configure both fungible and non fungible token in one single smart contract, it has to be created separately and this make ERC-1155 preffered because it can.
(ii) ERC-21 & ERC -721 uses a very high amount as gas fee while ERC-1155 uses low gas fee.
(iii) ERC-1155 in structure and essence is the combination of the ERC-21 Token which are basically fungible token & ERC-721,Non Fungible token .
’Login to Etherscan. Please indicate the number of ERC-1155 tokens in existence at the time of writing your assignment. Indicate the first 5 token by volume of transaction in the last 24 hours. Indicate the hash of the last transaction carried out and the identification of the token as well as it smartcontract. Show screenshot.
The number of ERC-1155 token in existence as at the time of time of homework.
There are about 18,192 tokens as at the time of doing this homework.
The first 5 token by volumn in the last 24 hour
As at the time of writing this homework, the top five tokens based on transactions in the last 24 hours are:
(I) OpenSea Shared Storefront (OPENSTORE) - 16,136 transfers
(ii) 0xd0ed73b33789111807bd64ae2a6e1e6f92f986f5 - 4,400 transfer
(III) Rarible (Rari) - 1080 transfers
(iv) Woodies Mint Passport - 784 transfers.
(v) Zapper NFT (ZPP.NFT) - 584 transfers.
Hash of the last transaction/Token Identification
The last hash transaction is:0x032dd2a3c6d234aa9620d65eb618fcdc72be3dbb
The name of the token is : HashDemons
Contract: 0x032dd2a3c6d234aa9620d65eb618fcdc72be3dbb
’Enter enjin wallet. Describe the functions that it present in it user interface. Enter market place; indicate the numbers of items for sale, indicate the first three item on the list and their description. Show screenshots.
Function in users interface
I launched the app
I eplored by clicking the menu on the right
You can get more info about coins here.
I clicked on the top left coner
Here I got option such as exchange,DApps rating,market place where you can carry out seemless transaction using the enjin platform.
Number of items for sale
As at the time I was writing my homework,17486 items are on sales
First 3 items on the list/description
INFOWAR
Description: Official channel for real Alex Jones &nuncensored info war connect promotions!!! Share the link.
Tune in 24/7: infowars.com/show
Subscribe: Infowar.com/newsletter
Support: Infowarstore.com – YOU ARE THE RESISTANCE.
Price : $1.32
Standard: ERC-1155
Project : INFOWARS.COM
Created: 2 years ago (17 March 2020 17:23:35)
DRAGONSCALER
Description: As the sharpened arrow pierced it’s heart, the crystalline dragon tumbled to the ground, It’s glimmering coat shattering like a thousand sheets of fallen grass in synchronous fashion. Leaving behind but a mass of lucid scales and jubilant relief…..
Price: $190.08
Standard: ERC-1155
Project: Lost Relics
Created : 2 years ago (28 Nov 2019 01:59:56)
TEARS OF SERENITY
Description :The kingdom of Anaria has been a well kept secret for centuries, and the Anarians would like to keep it that way. Located on the outskirts of the known world, and nestled deep within the jungles of the land it lay, Anaria is a remarkable, and never-ending realm of discovery.
Price : $236.30
Project : lost Relic
Standard : ERC-1155
’In your personal Opinion,What is the future of Nft market? Give reasons for your answer.
Conclusion
CC: @imagen
Gracias por participar en la Cuarta Temporada de la Steemit Crypto Academy.
Continua esforzandote, espero seguir corrigiendo tus asignaciones.