assets: Digital arts trends and best NFT platforms in 2022
Student
Are you bullish or bearish regarding NFT digital art development for the next 12 months?
Well firstly am so glad this topic came up here. Well NFT art is a unique opportunity to the crypto currency and art as a all.- You like the art- And this is where we have something called "rarity", the more rare an art is, the more positive influence it will have on its pricing.. Eg if the artist creates 100 pieces of art containing black and white, and only 2 of them have an extra colour in them which is gold... Do you think the ones with gold color will sell for the same price with the remaining 98 which are just black and white? Definitely not... Why? Those two are rare! So if the artist is selling the basic 98 arts with black and white for $1k, the same seller can decide to list those two with golden colours for $3k and there will be buyers that will purchase it because they're unique and different from the rest. đ
What are the most exciting trends in NFT digital arts and why?
I can say am excited about APENFT and FASHION The reason why you can do such is because these are fungible tokens.. You can swap them which means they are available everywhere. 1 SOL here in Nigeria is the same 1 SOL in UK, same with USA and anywhere else in the world, but NFTs are unique and you can't have duplicates of it because there can be only one of such NFT, and that NFT is registered on the Blockchain network... That registration is what makes it unique, even though anyone else can "right click > save" or screenshot the picture, they don't own the real NFT, what they have is just a mere JPEG because the signature lies with you and not them which means the legal ownership. The signature is what you sell and transfer for money, and this is what makes the term "non-fungible token". So say you buy a NFT built on the Ethereum Blockchain, the Nft would be registered in your name, it can be from a collection/project, but once you mint/buy it, the ownership gets transferred to you.. And when there's a lot of demand for the project, the floor price (least amount you can buy a NFT for) for the NFTs increase, and this is where basic economics come in play which is the concept of demand and supply.
What potential risks do you see that will slow down the industry?
It's not like crypto currency its a art and design Yippee... Let's go, đđ NFTS(DIGITAL ART CRYPTOs) What are NFTs? NFTs stand for Non-fungible Token which are tokens that can't be swapped for another. For instance a 500 naira note in your pocket is the same note in mine, that's what fungibility means. But a NFT is unique and can't be duplicated anywhere else in the world. That's what non-fungibility is. And unique items have more value compared to non- unique ones. And that's where the concept of demand and supply comes in, If there's a lot of demand for a unique NFT collection, there'll be increase in it's cost because people value it, and there's no amount that's "too much" when it comes to the valuation of a unique item. That's why people would pay 150k+ for an Azul in a club and not for a Hennessy bottle because they term it more valuable than the Hennessy... And that's why we have people paying hundreds of thousands to millions of dollars for images JPEGs that you may see as "just images" and you may wonder why.... Their uniqueness is what makes them that expensive. NFTs are just digital assets... But unlike basic Cryptocurrencies like BTC, ETH, they can't be swapped because they're unique, you know on Binance you can swap BTC/USDT, or SOL/BUSD.
What new NFT platforms did you discover recently?
APENFT and FASHION I like the platform and APE as wellAnyways, for the ready ones, The famous artist Leonardo Da Vinci created hundreds or probably thousands of arts during his time, but why is it the painting of Monalisa that stands out? It's because it's unique... The present valuation of that art is over $860 million, is it just a picture? Definitely not... The artist Leonardo Da Vinci is a legendary man, the art was drawn in the early 15th century... These are the factors that make the art very expensive. So if you're looking to buy NFTs, rarity is one of the biggest influencers of price, and that's why people pay heavy prices for purchasing those rare NFTs. I think you should be able to get somethings from this. Big shout out to @PaulOla_ One of the best crypto coaches in Nigeria I will set up another day for this when I see more energetic and better response from y'all Thank you all and God blessđ
Jacek KoĆodziejczakBlockchain | Web Developer
Are you bullish or bearish regarding NFT digital art development for the next 12 months?
I believe that for the next 12 months NFT digital art development has great potential for development as we discover new transfer methods for artists, painters and singers.
What are the most exciting trends in NFT digital arts and why?
I believe that the most exciting trends in NTF digital arts are musicians and painters. I think because they have a lot of fans, they evoke emotions and the music and art market is worth a lot of money.
What potential risks do you see that will slow down the industry?
I don't think there are many risks. The only thing that comes to mind at the moment are the risks associated with legal regulations and the prohibition of digital currencies and crypto assets in certain countries.
What new NFT platforms did you discover recently?
recently I find https://www.terravirtua.io/ I is a truly immersive collectible platform across Mobile, AR and VR with unique social, gaming and creative experiences, enabled by blockchain.
Al-Rashid SahialCrypto Trader, Investor, Crypto Expert
Are you bullish or bearish regarding NFT digital art development for the next 12 months?
For nearly the entire history of digital assets â and cryptocurrencies like Bitcoin and Ethereum â one criticism has consumed the economy of thought: the pretense that digital assets arenât real, arenât backed by anything, and therefore are not worth anything at all. In truth though, there have been few asset classes or investing opportunities that have taken the growth curve of cryptocurrency and digital assets. To most investors, it doesnât matter that crypto is backed by nothing but sentiment â theyâre making money anyway. Perhaps thatâs whatâs fueling a burgeoning new class of digital assets called non-fungible tokens (NFTs). NFTs are tokens which represent ownership of limited-run digital assets or collectables like art, music, trading cards, shoes or even items in video games. The idea of fungibility is where NFT gets its name. Bitcoin (BTC) or Ethereum (ETH) is considered fungible because the coins themselves are interchangeable; all currencies are indistinguishable from each other and have the same value. Non-fungible refers to the way in which each token (and the asset it represents) is unique from one another. For the crypto-skeptics who think BTC and ETH are already unorthodox, NFTs and other digital assets push convention even further. However, the NFT market might feel like familiar territory for gamers and digital natives. The idea of âdigital collectablesâ are the backbone of some of the worldâs biggest video games. Counterstrike: Global Offense, League of Legends, ROBLOX, Team Fortress 2 and Fortnite boast bustling digital economies. Some even allow users to craft, buy, sell or exchange digital goods. The gaming industry has been crucial to the history of NFTs. However, unlike the guns or gear you get in your favorite video game, NFTs are verifiably scarce and cover more use-cases. It might be used as a means for content creators, companies and other players to monetize or trade assets. The NFT space is in its infancy. And as such, many people are bullish on its prospect to enable new means for creators, companies and other parties to monetize virtual items, digital content and more. So, Bullish is breaking down and demystifying the current NFT ecosystem:
What are the most exciting trends in NFT digital arts and why?
Solana is an open-source and public blockchain platform. It works under the technology known as distributed ledger technology. Therefore Solana has a decentralized working ecosystem, meaning it attains consensus via proof of work and proof of history. Additionally, Solana facilitates p2p exchanges for its internal digital currencies. Moreover, it can perform around 50,000 exchanges per second. And in addition to all this, it is the cheapest to mint. đ The following images are demo and have a security seal that the real Elvis will not have.
What potential risks do you see that will slow down the industry?
Non-fungible tokens or NFTs are a completely new type of digital asset, thereby implying the possibilities for radical fluctuations and uncertainty in the NFT ecosystem. The common types of NFT challenges include the following,Legal and regulatory challenges Evaluation challenges Intellectual Property or IP rights Cybersecurity and fraud risks Anti-money laundering (AML) and CFT challenges Smart contract risks and NFT maintenance Consideration of NFTs as securities Environmental Social Governance (ESG) challenges
What new NFT platforms did you discover recently?
NBA Top Shot Marketplace One of the first NFT series to gain traction with the wider public, NBA Top Shot is a set of digital trading cards featuring NBA video highlight clips. Once you purchase a pack, clips are stored in your secure, encrypted blockchain-verified wallet, where you can view them or re-sell them on the NBA Top Shot Marketplace. The secret to NBA Top Shotâs success is that creators Dapper Labs have made it simple for the mainstream user to get started. The easiest way to sign up for NBA Top Shot is to link your Google account to Dapper, after which youâll be asked to enter your phone number for SMS authentication.
Shijin TInvestor
Are you bullish or bearish regarding NFT digital art development for the next 12 months?
I am bullish on NFT digital art development, in fact I believe Alts season starts with very bullish for NFT digital art and gaming tokens. This industry is booming and lot of creative use cases are created everyday. Applications of NFTs are increasing day by day. This trend is gonna stay for few more years.
What are the most exciting trends in NFT digital arts and why?
A lot of new innovative solutions are coming out everyday by leveraging properties of NFTs. Some of the most striking trends as per my opinion, are shared here. NFT collectible games, Celebrity Arts and NFT Cards of celebrities and assets.
What potential risks do you see that will slow down the industry?
There are so many NFT digital arts are coming up everyday. It is also very easy to portray a work as from famous artist or celebrity, there is no central authority to verify all these fake NFTs. If NFT market is flooded with so many such fake items and items which are of no value, can be disastrous for this space.
What new NFT platforms did you discover recently?
Solsea, Efinity, Solanart.io and unqndt.io are few NFT platform I have come across recently. Apart from old and very well established NFT platforms like Opensea, Superrare, rarible etc.
Fatai-Ayoade Lateef AdekunleElectrical Engineer. Trading & Poultry.
Are you bullish or bearish regarding NFT digital art development for the next 12 months?
Although I was an sculpture carving artist on waste-to-wealth then, yet not deeply involved and interested in other aspects of arts generally, and in particular when NFTs started being mentioned in digital assets sphere, l'm still being confusing till now, in a nutshell meaning l don't think l will ever be/being bullish about NFTs, even in future.
What are the most exciting trends in NFT digital arts and why?
I don't think l will ever being interested in trying to know much anything about NTF digital art most exciting trends , talkless trying to knowing why anything trending in that aspect.
What potential risks do you see that will slow down the industry?
One of potential risks slowing down the industry (NTFs) is non-wide acceptability by many people like me, even being partially involved in arts. And secondly, why will I place my hard earned money on what l'm so fascinated about and in particular, what I can't touch or handle physically. And thirdly physical artworks are difficult to sell, not to say of untouched art, but only being seeing always virtually.
What new NFT platforms did you discover recently?
There many old and new NTF platforms always being mentioned, while other are still being planned yet to be introduced in future, always quickly just pay little or no attention to any because of interest at all.
Maxime LecoustreSoftware engineer
Are you bullish or bearish regarding NFT digital art development for the next 12 months?
I'm thinking there was a big bullish move, that won't take too many time. For a short time, it might make a bear market but it's for new bullish market in a more long time.
What are the most exciting trends in NFT digital arts and why?
In my think, the more exciting way is hybrid art between digital owning as NFT assets with VR technology to see in "real life" arts. That would be more consistent art that just png file stored on Blockchain.
What potential risks do you see that will slow down the industry?
As on all opportunities in Blockchain abilities, states and governments will try to lead market because they would think as a way to go out Lawes. But in fact, Blockchain industry isn't just a financial market, it's more a new technology !
What new NFT platforms did you discover recently?
I knowed opensea of course that was the first one I used many years ago. Rarible was second but I saw many projects based on new chains as Thundercore, polkadot that may be new opportunities platforms. I hope there will be new marketplace based on Blockstack.
Mohammad TadayonManager
Are you bullish or bearish regarding NFT digital art development for the next 12 months?
Really I am bullish Because I think this is a growing market. Basically, NFTs are a new phenomenon in the blockchain industry and technology and have numerous competitive advantages.
What are the most exciting trends in NFT digital arts and why?
Its novelty and progress, attention to the needs of the new generation, connection with 21st century technological phenomena such as artificial intelligence and IT are the main factors in the growing trend of NFTs.
What potential risks do you see that will slow down the industry?
The risk potentials of this industry are resistance to change, old and traditional attitudes and views on physical assets such as money, gold, antiques, and it is necessary for experts and artists to carry out educational and informational activities through social medias to inform and Justify the traditional societies.
What new NFT platforms did you discover recently?
I have recently been working on platforms related to the NFT industry, such as Rarible, Airnft, Axi infinity game and.....applications and softwares.
EHAB SULAIMAN ALBALAWIGeneral Manager
Are you bullish or bearish regarding NFT digital art development for the next 12 months?
Of course i am bullish toward NFT digital art development for the next 12 months....................................................................................................................................................................................................................................................
What are the most exciting trends in NFT digital arts and why?
An Internet buying frenzy of digital arts and collectibles this spring marked a debut for NFTs, or non-fungible tokens. At its most basic, an NFT records ownership and transactions. They are certificates of authenticity for the virtual world, tied to digital assets â such as image, music and video files.
What potential risks do you see that will slow down the industry?
there are several downside risks to growth. Heightened trade and geopolitical tensions, including Brexit-related risks, could further disrupt economic activity, and derail an already fragile recovery in emerging market economies and the euro area. This could lead to an abrupt shift in risk sentiment, financial disruptions, and a reversal in capital flows to emerging market economies. In advanced economies, low inflation could become entrenched and constrain monetary policy space further into the future, limiting its effectiveness.
What new NFT platforms did you discover recently?
Here are the major NFT platforms i discover recently: NFT STARS OpenSea. NiftyGateway. Rarible. Foundation. SuperRare. AtomicMarket. Async Art. Mintable.
Subhi Ash Shalihfreelancer
Are you bullish or bearish regarding NFT digital art development for the next 12 months?
NFT is a piece of blockchain technology that can link unique digital identities with non-replicable digital assets. CryptoKitties is an NFT that was popular in 2017. However, 2021 is a new beginning for NFT which will become a big business sector. Just imagine, the value of NFT in 2018 reached US$40.96 million, to US$338.04 million in 2020. Chung Ying Lai revealed the results of an online survey to the TOKOCRYPTO community about NFT trends. "From a survey conducted by Tokocyrpto on July 5 - 8, 2021, with 400 respondents, 67.9% of respondents understood NFT as a work of digital art, while 23.8% of respondents answered digital tokens, while the rest answered NFT as an art platform or something else. " Now, NFT is so popular in the gaming industry to be used as a digital asset. So, I'm BULLISH.
What are the most exciting trends in NFT digital arts and why?
Most Trending NFT Topics 1. Bored Ape Yacht Club is a series of NFTs depicting bored apes in various facial expressions. 2. EtherRocks, it is a series of 100 NFT depicting rock images taken from royalty free clip art. Apart from the color difference, they are all the same. 3. Ethereum-based Axie Infinity has quickly become the most prominent and successful crypto game, amassing over $1.6 billion in NFT transaction volume since June. Some of these NFT trends, the most popular recently is digital assets for gaming. The creators deliberately combined games and blockchain so as to provide a new experience for everyone in playing games.
What potential risks do you see that will slow down the industry?
The NFT market will eventually saturate and merge with other mainstream trends. Because this is related to our emotionality in goods and gifts -including digital ones-. In the economic literature, there is an interesting division between functional value and hedonic value. You might think of it as saying, "What can I use to do this?" versus "How much I like this, in and of itself." "With NFT, things that were once treated as interchangeable in the digital space, such as shields or virtual collectibles, can have attractive added value for buyers or owners." purchased cannot be faked and it will be very easy to trace who the creator is and where it came from, but that doesn't mean this market is cheat-free. Anyone could theoretically print an NFT from a file they didn't own and sell it as their own to an unsuspecting buyer. Despite the uncertainty, many famous people see the great potential of NFT in the future.
What new NFT platforms did you discover recently?
1. OpenSea As the world's largest NFT marketplace, OpenSea offers various forms of NFT from digital art, sports trading cards, to game collectibles. 2. Mintable Mintable is one of the most popular NFT marketplaces among creators due to its ease of trading NFT. The products available on Mintable are also diverse, such as digital art, music, PDF files, and other files created by these creators. 3. Rarible Rarible allows artists to sell their work singly or in collections. Uniquely, this platform has a native token, namely RARI, which allows users to participate in changes to the Rarible protocol. Anyone is allowed to register on Rarible without having to wait for artwork curation from a dedicated team.
Vincent MichaelCrypto Article Author
Are you bullish or bearish regarding NFT digital art development for the next 12 months?
Bullish, NFTs are really going to be one of the most valuable cryto assets in cryto world. The future about NFT is becoming a big project, many investors are putting in their funds in most of these NFT because it is gradually becoming the world greatest assets.
What are the most exciting trends in NFT digital arts and why?
Their capabilities of getting More investors.. this is because Many project are making NFTs making their products and company look unique, this is now making other companies to make their own NFT and giving it a unique price that will generate enough funds for the competition.
What potential risks do you see that will slow down the industry?
I think NFT is just gradually increasing. The rate at which people buy NFT is very poor and it's very hard to get an NFT because of the circulation and supply is really poor. Most of this NFT are not worth much in the market so it will really reduce the amount of people that will participate in this project.
What new NFT platforms did you discover recently?
I have discovered the Xbank. Is not lunched yet but I see a very bright future ahead of the project, the coin is doing well and I Know the project is going well. Xbank has a good circulation and a good white paper.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.