crypto: 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. 👌

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👋

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.

Engineering Technologist

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

I'm very bulish on NFTs for the next 12 months. Infact, I feel picking the right nFTs to invest now can be the difference between loosing out or making huge 10 to 1000x profits in the next 12 months

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

Art galleries ( images , pictures )and drawings, NFT games are the current trend although music is gradually bring introduced. It's easier for laymen and people who are new into crypto to easily understand games, pictures, drawings as embedded with codes

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

1. Scams ... As with things that are invogue and popular, as NFTs become popular, I see fraudulent developers creating scams and presenting to NFT novices. Of course , the newbies are not able to separate between scams and real NFTs , what makes an NFT unique and it's rarity, how the codes can be checked and all. So it's easy for scammers to create fake. 2. Theft. Intellectual property theft may occur because a lot of people who didn't produce an item may decide to mint it as an nFT without the knowledge of the original authour

What new NFT platforms did you discover recently?

Coinbase recently launchedthier nft platform. Binance also has a newly launched platform For decentralized nft's Opensea is a great platform For website, I'm looking at Gamefi

Trader

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

One good question. It is difficult to accurately predict the price trend of a token or a certain type of token. The market is bull now. NFT is hot trend. Coinbase just release NFT and NFT market. So In the short term NFT and NFT tokens will remain bullish Long term like one year two years or 5 years. The NFT market and the crypto market will continue to rise. But between the ups and downs there will be corrections down. And you have to be mentally prepared for that. Take profits when the target is reached and wait for a nice buy zone when the price drops Good luck !

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

Unique and popular in the world. They are very helpful to gaming I like it. The arts are not for all. But now we can own them very easy. It's wonderful The gaming is monopolized by the manufacturer. They make arts and money and sell for player. The Player not sell again. But now with NTF digital we can

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

Risk is always present in all investment fields. You can see in real estate when it is frozen. There are some concerns here. Governments don't like crypto activities and the industries associated with it. As China ban ban and ban. But not problem, The market is huge and they can self-regulate

What new NFT platforms did you discover recently?

Many I like Bake from Binance. https://www.bakeryswap.org/ They are the owners of a series of popular IDOs as RACA, TOKAU and DOGGY. It's wonderful NFT market. They allow users to create their own NFTs and sell on their platform It's fair game for all. And Binance just invest 1 billion $ in BSC. So Bake will go far more.

Investor retail

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

bullish, because the demand is so high coupled with the game metaverse that makes the excitement and excitement in some crypto products so very strong this year!

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

the most interesting trend is the variety of nft from paintings and cryptopunk that are viral, there are so many nft breakthroughs this year which are so highly rated by people who collect them

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

long manufacturing time and takes years will produce fatal results but satisfying results, and very tense with bad news that slows down and becomes small in the eyes of people

What new NFT platforms did you discover recently?

XWG, Flipper, cropper, metahero, waggle, agld, 42 labs, zenicon studio hash divine collection 8 bit nifts omgart apesclub thebonus kidz damage airex

Music Producer

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

NFT digital art development is something that shook the foundations of cryptocurrency. It has very well changed the value of artworks and artists as the value of their work are easily seen and rewarded... I am very bullish on the idea of NFT digital art development

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

The most exciting for me is being able to create arts and then get value for them almost immediately at very affordable rates. This has brought the art community closer and create a value chain for artists

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

With the digital age comes alot of digital footprints.. one of the potential risk I can forsee is fake artists copying stealing the digital arts of real artistes especially for the unsuspecting newbies in crypto who might end up buying fake arts

What new NFT platforms did you discover recently?

Recently, NFT platforms on Solana and Internet Computer has been mind blowing. DigitalEyes, Solanart, MagicDen, Entropy on IC... Great platforms

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.

Artist, Programmer

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

As on my opinion, NFT arts is a new 'up trend' as many people loves the idea of it. The higher the demand,the more bullish it is. I think NFT Digital Art is a new era of Art Movement and of course would always be a trend since many people are now engaged in crypto industry.

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

Honestly, millenial era is really hard to pin point which one would be a hit. There was even one NFT of a plain red color sold at thousand dollars(in Eth)! I mean like what could even be more interesting in a plain red color? It is because it is an NFT! My suggestion, think of a single character with different designs, minted in like a collectible series. Maybe an NFT for a cause could be nice. Overall, it is just about people's engagement, supply and demand, and also a good marketing.

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

Like what I have mentioned in the recent questions, these industries are highly dependent on the supply and demand. Economic loss maybe (like what happened on the first corona outbreak). Also please bear in mind that these industry is cryptocurrency related. When crypto goes down, so also with it.

What new NFT platforms did you discover recently?

Based on what I have experienced, I find it cool that there are NFT, gaming and play-to-earn platform, all in one single project. Other than Opensea, I also heard about BakerySwap and Sorare.

Fisherman

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

I hope for the next 12 months, NFT is everyone's art creation, the best NFT is the most valuable. but not everyone can understand NFT, not everyone understands art, even though art is an inspiration that comes out of the soul of someone who has the value of beauty

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

NFT in the digital world has received little attention, and interest, because of the wide choice of art. But with the exchange rate in the Crypto world, hopefully NFT can be successful in the future

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

Public interest, lack of knowledge and information and communication technology products and quality of goods that are easy to imitate, which makes it difficult for people to distinguish between genuine and fake

What new NFT platforms did you discover recently?

For a while, I still can't say for sure, what art can be developed and is very interested, what is clear, the game is more than enough in the interest of teenagers. For future investors, that is the basis for thinking today

Back End Developer

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

Yes iam i kinda like the battle of nft so i usually advertised game that i like to my friend and in the comunity or in the group or even social media that i have

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

Nft battle and nft farming , because since almost plain crypto coin without utilities just not interesting for non trader, soo game nft will attract them to play and ear on that game

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

Design game which is very important to attract gamer to play the game even though he not interested on crypto but we need the as costumer and player to make the game bigger

What new NFT platforms did you discover recently?

A lot, like valkrio, overlord ,aegis immutable god unchain, wonder hero and much more i literally want to try all the game i f i could but nit every game launch yet

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