blockchain: Digital arts trends and best NFT platforms in 2022

blockchain: Digital arts trends and best NFT platforms in 2022

< Show Wisdom Collection: Digital arts trends and best NFT platforms in 2022article avatarR F

Engineer

Are you bullish or bearish regarding NFT digital art development for the next 12 months?

I'm not quite bullish. We're just at the beginning of a new trend for digital art development. Examples as ‘NBA Top Shot’ by Dapper Labs, a blockchain-based platform that allows fans to buy, sell and trade NBA highlights as digital tokens, provide a bright future.

What are the most exciting trends in NFT digital arts and why?

One of the most exciting trends right now is ‘NBA Top Shot’, as I said before. And this can be replicated by other professional sports teams and leagues, because they realize the potential to create new fan connections and experiences.

What potential risks do you see that will slow down the industry?

From my point of view, the main threat can be an exuberant price bubble. Examples as 'Everydays: The First 5000 Days', by Beeple, sold by more $69M in a Christie's auction, are insane. It’s great because gives a lot of advertising but can generate a price bubble.

What new NFT platforms did you discover recently?

I could mention NFThub, which is a community-based portal into the world of NFTs and is taking a good approach to be more accessible, better understood, and less hectic to navigate.

article avatarOlakunle Ajagbe

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. 👌

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, 😊😌 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 bless👋

article avatarJacek Kołodziejczak

Blockchain | 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.

article avatarAthanasios Sarigiannidis

Algorithm creator, coder, chem. engineer,trader,investor

Are you bullish or bearish regarding NFT digital art development for the next 12 months?

being bullish or bearish on a field of blockchain that is still on early discovery mode is not my kind of prediction I easilly adopt. NFTs have huge space to grow still and what we have so far is nothing more than a Beta demo. not quite a demo not even a Beta.

What are the most exciting trends in NFT digital arts and why?

royalties and distribution of wealth on top of artists /creations /art is the most usable aspect of this tokenization of everything that we shall see in the next 3 to 8 years. the fan will finally be an active member of his/her favorite artist and the contribution and involvement will only make NFTs stronger and stronger each year.

What potential risks do you see that will slow down the industry?

there's no downside that someone can apply on a Dao that people vote and democracy live on its finest form like I'm ancient Greece. if we really analyse the NFT field under a fully decentrilized blochchain or even a Dao then I see 0 downside. only up and up as they say.

What new NFT platforms did you discover recently?

opensea is my newest platform I'm using. rarity and some new corners of decentraland have recently cought my attention. I really believe that the older platforms will be rewarded in the next cycle when NFT won't be the exotic part of blockchain but it will be something engraved on every fan/artist.

article avatarDevin Hummel

Artist

Are you bullish or bearish regarding NFT digital art development for the next 12 months?

Bearish. I believe that although there is potential high earnings, it could be a bubble that is easily targeted and exploited by bad actors from inside and outside nearly all NFT projects

What are the most exciting trends in NFT digital arts and why?

I believe the best and most excited are the developments in gaming around NFTs and blockchain technology. They are much more exciting and rewarding than paying lots of ETH for prospective digital art.

What potential risks do you see that will slow down the industry?

Inflation of fiat and international scandal will cause the market to contract and the NFT industry will lose steam. Stories of hacking and rug pulls will lower the incentives for potential investors.”

What new NFT platforms did you discover recently?

Skyweaver, the upcoming card game in beta (on test xdai currently) and yieldly, a defi/nft platform on the algorand blockchain. They are both a little unique and inexpensive (or free) to get started on.

article avatarMuhammad Fathul Himam

Daily Trading Alt+Btc

Are you bullish or bearish regarding NFT digital art development for the next 12 months?

Very Bullish, because NFT digital art can be very helpful for nft designers, photographers, music studios and nft-based digital content creators, because of the ease of payment via blockchain. And the advantages of the blockchain for Nft's created cannot be duplicated by other parties.

What are the most exciting trends in NFT digital arts and why?

painting and avatar, because painting has its own meaning for the maker and is liked by the owner, if the avatar may be unique because it has its own characteristics.

What potential risks do you see that will slow down the industry?

lack of knowledge about Nft, and lack of education to the general public about blockchain technology, so that it will hinder the Nft industry

What new NFT platforms did you discover recently?

I found a lot of Nft projects on the Solana and Terra network, because of the large number of new Nft productions there. For now, many blockchain networks are making Nft products.

article avatarAl-Rashid Sahial

Crypto 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 — and cryptocurrencies like Bitcoin and Ethereum — one criticism has consumed the economy of thought: the pretense that digital assets aren’t real, aren’t 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 doesn’t matter that crypto is backed by nothing but sentiment — they’re making money anyway. Perhaps that’s what’s 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 “digital collectables” are the backbone of some of the world’s 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. 😉 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 Shot’s 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 you’ll be asked to enter your phone number for SMS authentication.

article avatarMaxime Lecoustre

Software 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.

article avatarOCTA OS

Trader, investor, market analytic

Are you bullish or bearish regarding NFT digital art development for the next 12 months?

Very bullish i have held several nfts on several blockchains as, eth, Polygon, near, nuls, bsc, and i'm sure next year there will be more. because I'm sure that next year NFT will be popular

What are the most exciting trends in NFT digital arts and why?

In my opinion what is interesting in digital art or can be called nft is, what is it used for, there are unique games, stacking, decorative images, even rare videos, and all of that, in nft, which will be stored well for a very long time, than the traditional way, before nft was invented.

What potential risks do you see that will slow down the industry?

The number of fraudulent projects as well as the level of understanding of an NFT is now for ordinary people who are new to the world of blockchain, but gradually it will all disappear, along with the times in the digitalization era.

What new NFT platforms did you discover recently?

I'm currently on my way to the solanart collection platform on the solana blockchain network, and want to try some features, there we can also create and sell nft collections at a very affordable cost of only 1 USD per nft mint and the selling fee is very cheap in comparison, with eth which is actually the old blockchain, which uses too much gas.

article avatarPierre Jean

Crypto Investor

Are you bullish or bearish regarding NFT digital art development for the next 12 months?

I am bullish about NFT as more artistes and professionals are beginning to come into the scene. It's only a matter of time before we see the real usecases

What are the most exciting trends in NFT digital arts and why?

Having musical albums, arts all together on blockchain are a new experience for fans and other people out there. It's a whole new experience if u ask me

What potential risks do you see that will slow down the industry?

I am not sure if the risk of counterfeiting is completely addressed. Also listing unbelievable art works for ridiculous prices is a let down

What new NFT platforms did you discover recently?

I came across a few such as sorare, rarible, opensea and some others But sorare caters to the footballing world which makes it a game changer owing to the number of football fans in the sport

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.

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