NFT Marketplace - 2022 Project

NFT (non-fungible token)


I'm starting new NFT project.

Some quick intro :

So basically, an NFT is a digital asset that proves digital ownership of the digital asset such as photos, art, video games, and virtual land.

Blockchain technology, such as Ethereum and Solana is used to store digital ownerships.

May use Solana NFT marketplaces that is developed on the Solana blockchain technology.

Below is Solana list
Magic Eden
Solanart
Solsea
DigitalEyes
Metaplex
Alpha.art
Exchange.Art
Artz
Solport
SupaDrop


The front page of Digital Eyes, of the Solana Markt place I want to use for the project.

NFT ?. Give me some example please.



In February 2021, the Nyan Cat meme sold for $600,000.


Twitter's founder Jack Dorsey auctioned off his first Tweet for $2.5m.


What do these things have in common? Well, they don't exist in the physical world and have become extremely valuable due to NFT's.

NFTs Are Objects... But Online?


NFTs give us a way to have clear ownership over digital items.

Consider how they're the same and different from a physical object, like collectible cards (Pokemon, NBA, etc.)

or

THE DIFFERENCES



Collectible cards

Collectible physical items
Value changes based on what other people are willing to pay
Security feature: holographic stickers, special paper, and other hidden elements
You can buy, sell, trade, or give cards to anyone quickly



Collectible digital items (NFT)


Value changes based on what other people are willing to pay
Security feature: unique data added to a digital work
You can buy, sell, trade, or give NFTs to anyone online,
but a network of computers must verify the trade and the unique data

Investing In NFTs


Like real estate, fine art, and other cryptocurrencies, the biggest risk for NFT investors is whether the items will keep their value.

Token holders may get stuck with NFTs if their popularity declines and people stop wanting to buy them.

Cheers to whoever bought this thing in 2018 for $3k and sold it 2.5 years later for a 511x return.
Note: the price reflects how much Ethereum was worth at the time of purchase. (Zachary Crockett / The Hustle)

NFT Value



Like most things in the world, the value of an NFT comes from extrinsic, not intrinsic, factors, including:

Authenticity: Physical collectibles have all kinds of authentication mechanisms, and none are particularly efficient (even acclaimed art appraisers have been duped by forgeries). By contrast, the originality of an NFT is cemented on the blockchain.

Scarcity: Many NFTs are one-of-a-kind or limited. For instance, only 10k CryptoPunks were released. Of those, only 24 are “apes.”
And among the apes, just 1 dons a fedora.

Transferability: It can be resold to nearly anyone around the world, meaning it has a broader pool of potential buyers.

Immutability: The code and metadata of the NFT can’t be changed, lending it permanence.

Utility: Some NFTs can serve functional purposes, generate revenue, or be exchanged for physical assets.

Many NFT collectors see a future for the tokens in increased “real world” integration.

What makes NFTs valuable?


Blockchain guarantees that a NFT is unique and is not replicable, and thus has scarcity.

With this many NFT projects many people wonder what value do NFTs really have?

Why would people still buy a jpeg image of someone if there is no limit to the amount of images that the artist can produce?

Will the value of all NFTs go to zero when potential supply is infinite?

And with all these NFTs how do you determine which NFTs will retain value and which ones will lose out?

Christ, the world has gone nuts.

Look, "the King is naked"

Looks like the guy who paid $2.9 is a little underwater

https://www.coindesk.com/business/20...d-of-just-280/

https://www.coindesk.com/layer2/2022...rom-investors/

NFT Future

NFT sales skyrocketed in 2021.
From a transaction volume of merely USD $40.69 million in 2018,
NFT trading volume surged over $44.2 billion in 2021 and is continually shattering records and reaching new heights.

The NFT segment is said to reach a market cap of $80 billion by 2025.19 Feb 2022


And that makes the future a bit uncertain

In the wake of several high-profile NFT sales from well-established artists, a glut of lesser-known artworks have flooded the market.

Some critics have raised doubts that NFTs are just a fad driven by hype, similar to 2017’s initial coin offering (ICO) bubble.

Others have stated that the massive influx of buyers and sellers will eventually taper off, and only truly rare, desirable NFTs will retain value.

First Project NFT ( test projext)

Malaysian Artist with Satire motives.

I've put up into Solana Market Place for bid minimum value (50eTH)

Will wait for the bid result in few weeks,

NFTGo is a data aggregation platform for the Web3, NFT, and gaming communities.


Last 24 hours.
Still waiting my cue

2nd Listed NFT


I just listed “invitation” for sale on Waveski@foundation
️Acrylic on canvas
Was it a good idea for me to invite him? Priced open at 0.5 $ETH
nftcollector
NFTartist
nftcreator
NFTCommunity

Who and why such stupid pictures are being bought and sold, for sure nft is the face to support something else. Like coins without backing of a central bank being used as an alternate to currency. It's all like lottery tickets .

What will be the value of coins once Central bank moves to E-Currencies i e e-dollar, yuan etc ..