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Hello everyone,
I'm very happy to participate in this week's lecture mentored by our crypto-professor @imagen which helps us to explore the NFTS MARKET.

This post will centered on the homework tasks given as stated below:

• EXPLAIN IN DETAIL, THE NIFTY GATEWAY PLATFORM, WHO FOUNDED IT, WHAT MARKET OR TARGETS IS IT AIMED AT?

• WHAT ARE ERC-1155 TOKENS? HOW DO THEY DIFFERENCE FROM ERC-20 TOKENS AND ERC-721 TOKENS?

• LOGIN INTO ETHERSCAN, PLEASE INDICATE THE NUMBER OF ERC-1155 IN EXISTENCE IN THE TIME OF WRITING YOUR ASSIGNMENT, INDICATE THE FIRST FIVE TOKENS BY VOLUMES OF TRANSACTION IN THE LAST 24 HOURS, INDICATE THE HASH OF THE LAST TRANSACTION CARRIED OUT AND THE IDENTIFICATION OF THE TOKENS AS WELL AS ITS SMART CONTRACT. SHOW THE SCREENSHOTS

• ENTER THE ENJIN WALLET. INDICATE THE FEATURES/FUNCTIONS PRESENTED IN IT'S USER'S INTERFACE, ENTER THE MARKETPLACE: INDICATE THE NUMBER OF ITEMS FOR SALES, INDICATE THE FIRST 3 ITEMS ON THE LISTS AND THEIR DESCRIPTION. SNOW SCREENSHOTS

• IN YOUR PERSONAL OPINIONS, WHAT IS THE FUTURE OF NFTS MARKET. STATE YOUR REASONS

EXPLAIN IN DETAIL, THE NIFTY GATEWAY PLATFORM, WHO FOUNDED IT, WHAT MARKET OR TARGETS IS IT AIMED AT?

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NIFTY GATEWAY PLATFORM is one of the remarkable NFT'S MARKET PLATFORM in the world. Established in the year 2018, by Duncan and Griffin Cock Foster, twin brothers. It is designed on Ethereum blockchain and owned by Gemini, the crypto based company of Winklevoss Twin.

With the slogan "WE WILL NOT REST UNTIL 1 BILLION PEOPLE ARE COLLECTING NIFTIES", Nifty Gateway platform have a clear mission of making Nifties accessible to everyone around the world. Nifty is an "acronym/name" used for their digital art. Although Non-fungible token can comes in various categories, but they focused mainly on art. This digital items are designed on blockchain networks making them secure, immutable and tradable. Top brands and Artists in the world have partnered with this fast-pacing NFTS platform to create collectibles of limited edition, high quality nifties which is Exclusively for their users on this platform. For instance, World renowned artist, Michael Kagan have created arrays of high quality collectibles "nifties" on the platform. Also, everyone else can be apply to create too.

However, Every Nifties drops/open for sale at specific time and last for short time randomly making them scare and rare thereby promoting their worth/value. New ones drops every 3 weeks. After this initial drops, there will be a close or sell out of those particular nifties with their interests shifted to the marketplace of this platform.

Nifty Gateway platform is a Centralized, US DOLLARS pegged market platform where Nifties are traded, saved and advertised. It can also be deposited into the designated wallet on the platform or Transfer to any other wallet of Ethereum network.

WHAT ARE ERC-1155 TOKENS? HOW DO THEY DIFFERENCE FROM ERC-20 TOKENS AND ERC-721 TOKENS?

Ethereum network improves the Blockchain technology with creation of tokens of different standard for various purposes. There are many Ethereum standard tokens, but let's look at three:

• ERC-1155

The newest standard of the Ethereum tokens. It can support both for fungible and Non-fungible purpose thereby solving the problem of having two or more contracts to be able to transact with the previous Ethereum standard tokens.

In the year, 2018, ERC-1155 was created by Enjin CTO Witek Randomski. Which is very secure, highly scalable and uses low Gas fees for transaction.

DIFFERENCES OF ERC-1155, ERC-20 TOKENS AND ERC-721 TOKENS?

ERC-20	ERC-721	ERC-1155
HIGHLY POPULAR	HIGH POPULAR	POPULAR
FUNGIBLE TOKENS	NON-FUNGIBLE TOKENS	BOTH; FUNGIBLE AND NON FUNGIBLE TOKENS
HIGHEST GAS FEE PAYMENT	HIGHER GAS FEE PAYMENT	LOWEST GAS FEE PAYMENT
MAINLY ON FUNGIBLE SMART CONTRACT	MAINLY ON NON-FUNGIBLE SMART CONTRACT	WORKS ON BOTH FUNGIBLE SMART CONTRACT AND NON-FUNGIBLE SMART CONTRACT.

LOGIN INTO ETHERSCAN, PLEASE INDICATE THE NUMBER OF ERC-1155 IN EXISTENCE IN THE TIME OF WRITING YOUR ASSIGNMENT, INDICATE THE FIRST FIVE TOKENS BY VOLUMES OF TRANSACTION IN THE LAST 24 HOURS, INDICATE THE HASH OF THE LAST TRANSACTION CARRIED OUT AND THE IDENTIFICATION OF THE TOKENS AS WELL AS ITS SMART CONTRACT. SHOW THE SCREENSHOTS

LOG INTO the ETHERSCAN, PLEASE INDICATE THE NUMBER OF ERC-1155 IN EXISTENCE IN THE TIME OF WRITING YOUR ASSIGNMENT.

STEPS ONE
Login into ETHERSCAN to explore Ethereum ecosystem and view the number of ERC-1155 in the time of writing.

STEP TWO
Click on the Menu Button marked at the picture on step one above, Reason Because I am using mobile version.

SELECT AND CLICK ON TOKEN

STEP THREE.
Select AND CLICK ON ERC-1155 TO VIEW ITS TOKENS AND CONTRACTS.

In the picture below, there's a grand total of 18,231 ERC-1155 TOKENS CONTRACT FOUND.

INDICATE THE FIRST FIVE TOKENS BY VOLUMES OF TRANSACTION IN THE LAST 24 HOURS

In the picture above, this is the list of first 5 token by volumes of transaction in the last 24 hours.

TOKEN CONTRACT	TRANSFER
OPENSEA SHARED STOREFRONT	20,027
Oxdoed73d33789111807bd64ae2a6e1e6f92f986f5	4,763
0xa7206d878c5c3871826dfdb42191c49b1d1f466	1,414
RARIBLE (RARI)	1,281
WOODIES MINTS PASSPORTS	880

INDICATE THE HASH OF THE LAST TRANSACTION CARRIED OUT AND THE IDENTIFICATION OF THE TOKENS AS WELL AS ITS SMART CONTRACT.

In the picture above, the hash of the last transaction is labeled and it is: oxafcb9abb87823d9a084796cb2c795fba6acd31adb01d8a075d6cbf17e212.
The picture below shows the overview of the transaction with it details, timestamps and smart contract.

ENTER THE ENJIN WALLET. INDICATE THE FEATURES/FUNCTIONS PRESENTED IN IT'S USER'S INTERFACE, ENTER THE MARKETPLACE: INDICATE THE NUMBER OF ITEMS FOR SALES, INDICATE THE FIRST 3 ITEMS ON THE LISTS AND THEIR DESCRIPTION. SNOW SCREENSHOTS

ENJIN MARKETPLACE Is a NFTS MARKET PLATFORM where virtual economics are created on the Ethereum Blockchain networks. Established in 2009, with over 1.161 billions Collectibles created with it's native coin ENJ of 12.4 millions USD "minted and locked in the project.

NFTS projects are converted as their native token, this token can be stored, tradable and advertised too on the platform. This token can be a governance token where the owner can impacted favourably on the protocol.

ENTER THE MARKETPLACE: INDICATE THE NUMBER OF ITEMS FOR SALES

Exploring the MARKETPLACE.

There's a total of 17,485 digital items on sales. It ranges from fashion, arts, and other collectibles.

INDICATE THE FIRST 3 ITEMS ON THE LISTS AND THEIR DESCRIPTION

These are first 3 items on the list and their description in the time of writing this assignment.

1) INFOWAR TELEGRAM

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Its description;

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It is valued at $1.41. it is a ERC-1155 TOKEN. It is created over two years ago.

2) DRAGONSCALER

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DESCRIPTION
this token is under LOST RELICS. It is valued at 144 EJN Which is $203.04. it describe the crystalline dragon and wonderful rings which makes a good fashion.

3) TEARS OF SERENITY

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DESCRIPTION
this token is under LOST RELICS. It is valued at 170 EJN Which is $239.08 . it describe the secret of the Anaria people in the kingdom of years ago.

CONCLUSION

Blockchain technology have modernized several human endeavors including the artistic properties. As blockchain is futuristic field as it is applications.

NFTs projects have become a huge wonderful enterprises with greater potentials for future. Many NFT marketplaces are great places for digital items are traded to make more profits. It is very secure and assets protected. It's valued are pegged with US Dollars to avoid unnecessary volatility.