nfts: Digital arts trends and best NFT platforms in 2022

nfts: 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 avatarJames Barcus

IT VP

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

I am both, depending on the market. Obviously on the precipice of a huge alt season I am hugely bullish, but mostly in the NFT projects over actual NFTs. Once the alt season winds down I will be more bearish.

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

I think the most exiting trends would have to be in the new ecosystems that are supporting NFTs and the new marketplaces that are being ran on those blockchains. NFT minting on ETH is just too expensive.

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

I do not see much. A world-wide disaster or war. Other than that NFTs have shown remarkable resilience through all this years FUD, and there has been a lot of it.

What new NFT platforms did you discover recently?

NFTb has some pretty great NFTs. Ethernity as well. I am waiting for the new marketplaces in Cardano, Algorand's Abris, and Fantom's Artion. There are other NFT-like platforms starting to perform like Centrifuge, and Landshare, as well as music NFTs like Opulous and Audio.

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 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 avatarJohanan Orok

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

article avatarHenry Bill

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.

article avatarMwila Wise

General Manager @ Excoincial Exchange

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

I am bullish regarding NFT digital art development for the next 12 months because of a number of factors like many known artists are entering the sphere for instance Snoop Dogg and Bow wow are selling their art work. The NFT digital art is giving the true utility of cryptocurrencies in real world and thus it will be bullish.

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

NFTs are trending due to the number of factors prior to their usercases eg; some digital arts are mintable for a period of time, winning some art work in games like GameFi. Also not forgetting that ball game players have also shown much interest like Lionel Messi, Shark O'Neil selling their art work together with musicians.

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

Copyright issues will increase thus theft and illegal copying of other people's art work thus bringing down the credibility of the industry. Fake platforms are soon mushrooming selling counterfeit art work.

What new NFT platforms did you discover recently?

The new NFT platforms I discovered are mekaverse, Axie Infinity, Cryptopunks, Gods of Rock, Chill frogs NFT, Pancakeswap Squad, The doge NFT, Punk Floor, SuperRare.co and OpenSea.

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 avatarJohn Alvin Palmero

Customer Service Represenative

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

Some are bearish, some are bullish. That depends on the area of the NFT that you're trying to purchas or to get. There are NFT games that are doing good right now. Some are just good at the beginning

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

I'm really interested in NFT digital arts on the sports side right now, however it kinda pricey. I'm actually trying to join some of the NFT contests, hoping go bag some of them

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

Too much production of NFT. I don't really know why every day there are a lot of NFTs that are minted, like there's no control on minting it.

What new NFT platforms did you discover recently?

I'm just basing some of the websites from Binance, as they are offering sometimea flash sale from companies that are selling NFTs. I also knew some, NFT games, but I don't know if I can trust them.

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

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