Greetings to everyone, I will like to say a very big thank you to professor @imagen for the wonderful lecture and below is my task submission.

Source

Question 1; Define Nifty Gateway platform in depth Who are its founders? Which market or target is it aimed at?

The nifty gateway platform is well-known as a prominent online platform just for the purpose of NFT trading. It is also a centralized system because it runs or operate on the blockchain platform This is to say the Nifty gateway platform combines collectable artwork and crypto-technology into account while developing tradable assets with great value, as well as introducing the globe to new investment opportunities and even beyond.

The Ethereum blockchain, which was developed by Duncan and Griffin Cock Foster in the year 2018, underpins the Nifty Gateway platform. However, eventually, Nifty Gateway was bought by Gemini Trust Firm, a Winklevoss Twins company, which occurred around September 2019.

Just like several other NFT platforms, the nifty gateway platform lets customers buy and sell all sort of artworks and also gives those who bought artworks to modify and resell it anytime they wish to. There are couple of buying and selling technique. These includes the following below;

• Buying or Selling by the Draw Method; the artist or seller sets a price for a specific NFT work and registers those who wish to purchase the NFT at that price. Then, among the persons whose registrations are collected, a random selection is performed based on the determined quantity, and NFTs are distributed.

• General Sale method; Using this technique, you can sell your own work, and you can buy it at any time when you desire. Free for all.

• Purchase or Sell by Auction Method; For a limited time, any artist may put his or her work for auction at NFT.

• Basket Sale Method; This technique of sale entails selling baskets to a specific NFT group. For better understanding of this, lets make an example by considering 3 items that cost $10, $20 and $30 respectively. There is a much likelihood that the item that cost $10 will come out with an increment of 5% and the item that cost $20 will come out with an increment of 15% and the last item will be 25%.

• Buying or Selling by Bidding; With this method, the owner of the NFT offers this work for a specified period of time for a specified amount and sold right away to the buyer that has the best buying rate.

On the Nifty Gateway platform, the producer or author of the work receives a commission of 10% of the sale. Also, you could carry out your transactions with out the want for any cryptocurrency at the same time as appearing your NFT shopping for and promoting transactions. The acquisition and sale charges of NFT works are displayed immediately in USD which payments can immediately together along with your credit score card at a charge of not more than 7%.

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

We all know that very well that ERC-1155 token is a cross-breed token that has the qualities and characteristics of both ERC-20 and ERC-721 tokens. This particular token was developed by Enjin in the year 2018 which is known to be a faster and well-organized token that can be used mass or cluster token transfer. The ERC-1155 token is known to be a much safer and easier to trade since it runs on the Ethereum platform and also has a lesser chance of getting hacked.

Difference between ERC-1155 and ERC-20

• ERC-1155 advocates both fungible and non-fungible tokens whiles ERC-20 advocates only fungible tokens.
• With ERC-1155, you can do bulk transfers at a low fee with less risks of getting hacked but with the ERC-20 tokens, bulk transactions can be carried out only at a higher fee.
• With ERC-1155, multiple tokens can be developed or created at once in just one smart contract whiles on the other hand, each ERC-20 token has a single smart contract.

Difference between ERC-1155 and ERC-721

• With ERC-1155, tokens are not lost when they are sent to a wrong address but when ERC-70 tokens are sent to a wrong address during transaction, they can not recovered.
• With ERC-1155 multiple NTFs can be sent in a single transaction whiles with ERC-721, only 1 NFT can be sent in a single transaction.
• ERC-1155 supports bulk transactions at ease whiles ERC-721 does not support bulk transfers.

Question 3; Sign in to Etherscan. Please indicate the number of ERC-1155 tokens available at the time of writing your assignment. Indicate the top 5 coins based on the trading volume in the last 24 hours. Specify the Hash of the last transaction performed and the ID of the smart contract as well as the token. Show Screenshots.

In order to be able to do this, We just have to visit the Etherscan official platform.

• When in the official site, click on the tokens tap.

• Click on ERC-1155 top tokens in the drop down menu.

• As it is all clear in the screenshot below, a total of 18,312 ERC-1155 Token Contracts found and within 24 hours, Opensea has the highest amount of transfers with regards to ERC-1155 tokens. The next that has more transfer in the last 24 hours is 0xa7206d878c5c3871826dfdb42191c49b1d11f466 followed by 0xd0ed73b33789111807bd64ae2a6e1e6f92f986f5 and then Zapper NFT (ZPR_NFT) and Rarible (RARI).

To be able to see into details the transactions that took place with 24 hours, you will have to click on the 'Transfers(24H)' tap.

The screenshot below shows the list of transactions that took place within the day and the very latest transaction that took place 48sec ago at the time of writing this post.

You can even see additional info about any transaction by clicking on the eye icon that is found besides every transaction made. This additional info will display to you the sender's and receiver's addresses, transaction fees and its nonce. Below is a screenshot of addition information about the last transaction.

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.

With this, I will like to use my phone in the exploration of Enjin. To be able to do this rightly, we have to follow the steps below;

• Step 1; Click on crypto wallet option after downloading and launching the Enjin application.

• Step 2; In this step you will be able to create wallet, import wallet or even watch wallet. But we will be creating a new wallet so thereby clicking on the create wallet option. Not forgetting to read and agree to their terms and conditions.

• Step 3; You are required to key in your password to be able to move to the next step. I wasn't able to capture a screenshot for the password page because they would not allow me for security reasons. In the next page, you are given the chance to select the coins you prefer and proceed by clicking on create wallet.

You are now in your main wallet after carefully following the steps listed above. At the left top corner in the homepage, you will see 3 lines, which consists of more interesting options which are, ASSETS, SCAN QR, EXCHANGE, MARKET PLACE, DAPP BROWSER, LINKED PROJECTS, CONTACT SUPPORT and SETTINGS.

Also, on top of the main page, you can see main wallet, which allows you to create many wallets. On the right top, we can see three 3 different buttons which includes the add contact, a '+' tap and also a three dotted tap.

The add contact tap gives you the chance to add any type of contact you like which will also require you to key in the contact address and also contact name. You can choose the address type which can be either Bitcoin, Ethereum and among others.

The '+' tap allows you to add more coins of your choice. Select the coins you want to add and click on update coin list.

Lastly, the three dotted tap includes options like backup wallet, rename wallet, edit coin list, auto add tokens, manage wallets and rate Enjin wallet. I do not have to explain these again since it is self explanatory.

Now exploring the Enjin market place using the official website of Enjin.

From the screenshot below, it is clear that 17,475 items are on sale at the Enjin marketplace during the time This post was being written. Also, in the same screenshot we can see the top items that are on sale. So I will be discussing the top three items, that is the Tears of Serenity, Nestables Founders Token and Origin.

• Tears of Serenity; There are only two for sale, which starts costs 224 ENJ approximately $300.16. Also you can find more details like the description, properties, project, supply type and most importantly its Ethereum ID. Much more of tears of Serenity can be found below.

• Nestables Founders Token; This token has just 6 of them on sale which is starting from 600 ENJ approximately $810.00. You can find every relevant details about Nestables Founders Token which includes description, creators, supply type, total supply, transfer fee and more importantly the Ethereum ID.

• Origin; There are 5 items available for sale which starts from 7,000 ENJ which is around $9,450.00. This token is much costly as compared to those two tokens I talked about. Also there is a description, creator, date of creation, supply type, total supply, transfer fees, number of holders and also an Ethereum ID.

Question 5; In your personal opinion, what is the future of the NFT Markets? Give reasons for your answer.

It is very clear that NFT Market is slowly growing and being accepted gradually by countries worldwide. This is because of it's legal mechanism of making profits and also it's creations of valuable tokenized assets. The platform also gives creators to invent and publish their creations with the aim of making profits. This will bring competition among content creators resulting to the creation of mind blowing arts. Additionally, artists are increasingly faced with the challenge of competing for very unique and rare NFT artwork. And not just that, buyers or investors also take their time and select an artwork that will yield them profits in the near future.

Moreover, the NFT market has given gamers a platform to play and earn real money without the intervention of any government authority or third party. As we all know that NFTs can't be modified or changed in any manner if its authenticity is confirmed within side the blockchain. The intrinsic cost of authenticity additionally will become the real outside cost and thereby proving that NFTs are immutable . But this does not mean NFTs cannot be stolen or duplicated, even though its runs on the blockchain platform.

Although NFTs are still at its early stages and I have a strong believe that NFT Market is going to growing much more than we expect.

Conclusion
In conclusion, NFTs are making a vert great impact in the crypto world and obviously have a bright future. Not forgetting about the Nifty Gateway platform, it also something investors should keep an eye out to.
I have really gained some beneficial ideas about the ERC-1155, ERC-20 and ERC-21 tokens. Also gained some knowledge about the Enjin wallet and market places .

Thank you @imagen