value: 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👋

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.

mechanics

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

bullish is the best choice i must say, the market of NFT has been rocket for the past few month and is just the beginning, i think NFT will becoming the more valuable than cryptocurrency soon.

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

digital file in formats such as JPEG, , acronyms that mean Non-Fungible Token. why ? becouse anything can be a work of art, a stamp, a letter, even a tweet, as long as it is in the digital ecosystem. As it is not fungible, it refers to the fact that it is not interchangeable since there is only one, the NFTs are unique and although there may be imitations Like any physical work of art, it remains unrepeatable and verifiable. and although the work is still visible on the internet for any user, only one person has its certificate of originality that also guarantees that it belongs to them, that is thanks to the NFT

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

well i can't say or analysis for risk that slow down the industry, all can see is great opportunity in the future, is been a while now i following the NFT market and i can see the value

What new NFT platforms did you discover recently?

i have been join and get NFT collection from Comingchat and booming rightnow, and solanaart for example and highly value NFT in the market also there's a million participate in their marketplace

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

Trader

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

bullish regarding NFT Digital art development for the next 12 months, I think this is good because it is a form of appreciation for the artists in appreciating their work

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

I think this is good because it is a form of appreciation for the artists in appreciating their work, and also profitable for collectors. So that this can support the development of the NFT ecosystem itself

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

It is difficult to say whether NFT will be widely used in the coming years. Obviously, there is great interest in them right now, as well as some potential benefits. However, the technology is still in its infancy, and there are many challenges to overcome. The whole future of NFT depends on the next generation, how that generation can affect the value of NFT itself. Investing in NFT can be a speculative and risky investment

What new NFT platforms did you discover recently?

Anima Users tend to be able to interact with NFTs via their digital wallets, but as time goes on, such tokens will, and indeed already are acquiring more functionality. Anima, for example, combines the worlds of non-fungible tokens and Augmented Reality (AR), with tokens on its platform usable in what it calls the “camera metaverse.”

Manager / Crypto Passionate

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

I am bullish! This is because art is life. The intellectual property of man's creativity must continually be appreciated and rewarded. The beauty and uniqueness of NFTs will make it to be sought after. The only changes we may see with time is the regulation of price tag to the exact worth of each art piece and not an exorbitant and unwarranted price. I am bullish the market will grow more in a year to come.

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

The most exciting trends are the game tokens such as Axie Infinity which gave airdrop to its early adopters which worth thousands of dollars. Mist, CiFi, etc which had sporadic multiples. It is also amazing that some games cannot be played except one hold some NFTs which serve as the cartridge to run the game. Amazing moments and lots more.

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

Unimaginable and exorbitant price. When this is corrected, the buy pressure will reduce. Although correction is needed, but the hype will reduce while the actual people who need it and truly value the art pieces beyond profit making, will stay.

What new NFT platforms did you discover recently?

Nanobash, Coinbase NFT Marketplace, AxieDoge, FTX, PancakeSwap NFTs are some newly discovered platforms. I believe they will bring greatly support the industry.

Investor

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.

Product Manager

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

I am quite bearish as I think the NFT market is overheated right now and many project will fall. It resembles me the 2017 ICO hype. There is only real value in the top few projects.

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

There is the hype around collections of 10000 pieces. I think the trend should be focused outside of the digital art to more use cases such real estate etc.

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

There will be huge crash and the NFT market will cool off eventually which will help the market end of the day. There is also risk that the focus will shift to other new cool crypto things.

What new NFT platforms did you discover recently?

I am not exploring space so much but I am watching closely how centralized exchanges such as FTX and Coinbase alongside Binance is stepping in the space.

Psychologist

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

I haven't traded any NFT in the last 12 months. I knew it was something that everyone has an interest but I didn't have a chance to interact.

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

I guess it has something or somethings that people love. First is the art. Which is like a picture or avatar that one can see something interesting. Second is that it is adopted in the blockchain system. You can buy and sell this art piece with cryptocurrency especially with ETH and some other networks that accept NFTs in their platform.

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

I think there is only one factor that might affect the downside trend and that is the crypto market. If they are shot down or lost value more than expected which is very unlikely, they will remain in the system.

What new NFT platforms did you discover recently?

SmartBCH is adopting NFTs in their ecosystem recently. I have seen AxieBCH which is the first & only Play-2-Earn gaming guild based exclusively on Bitcoin Cash and there are new platforms coming up such as www.rares.cash

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