MakersPlace is the premier marketplace to discover and collect digital art

MakersPlace

The way the world interacts with visual art is changing. As we move towards a more digital state, it is no surprise the way we create, consume and collect art has followed suit. This paradigm shift has taken form in the art world through the rise of rare digital art, aka crypto art, which blends art and technology to create a new market and medium. Since its (give or take), the rare digital art market has amassed over with exponential growth in the past few months. conception in 2017 7 million in sales This movement has given birth to online galleries and marketplaces, such as our company , which utilize blockchain technology to protect, authenticate and apply scarcity to digital artworks, something that until recently was impossible. MakersPlace A recent for a collaborative series from two traditional-turned-digital artists and on our platform brings to light the exciting potential of this growing art movement which is showing no signs of slowing. record-breaking sale of $200,000+ Trevor Jones Jose Delbo The Evolution of Art Photo by AussieActive on Unsplash Human beings’ love of aesthetics and visual stimulation have been a defining feature of our species since the dawn of time. In fact, paleoanthropologists believe our aesthetic tendencies have been a central trait of humanism present in our early ancestors, the emergence of the homo sapiens species we now belong to. dating back far beyond Photo by Behzad Ghaffarian on Unsplash This love for aesthetics, aka art, has manifested throughout our universal culture for centuries. Art in its various forms has played a central role in society, both influencing and depicting religion, politics and so much more. Many historians link the origins of collecting artwork to religion across cultures. In the (relatively) early days of human society, visual art commissions were usually initiated by religious leaders and organizations, with “art collections” mainly being hosted in sacred temples and places of worship. Eventually, visual arts’ reach spread across the various contexts of human society, giving birth to the “art patron” who collected solely for the love of art (or the hope of later profit). Today, the vast majority of the world participates in some form of art patronage, whether it is within the vast realm of personal collecting or enjoying the collections hosted by numerous art institutions worldwide. Photo by Jean Carlo Emer on Unsplash The world we live in today has completely evolved from what it was just a few decades ago. All aspects of our life are being shaped and affected by technology. To exclude art from this evolution would be nonsensical. Our continuously evolving interactions with art have resulted in a transformative switch, which has given way to the next phase of art consumption, that is the rare digital art movement and a host of opportunities for artists and art enthusiasts that come with it. The Rare Digital Art Movement The Moth Catcher by Cody Seekins sold on MakersPlace for $1,875 to collector RolloTomasi The rare digital art movement is taking place in an unexpected place: the blockchain. Artists across mediums, backgrounds and the world are joining this movement which has finally made it possible to profit from the sale digital art. authenticated Digital art authenticity through blockchain technology has allowed for principles of scarcity to be applied to digital art, something that was previously impossible. Truth: Give me time — 2020 by Frenetik Void sold on MakersPlace 10ETH (~$2,388) to GOCA Gallery of Crypto Art Through blockchain technology, the authenticity of a digital artwork is guaranteed through an indelible signature and timestamps. Each artwork is stored on a non-fungible token (NFT). Principles of scarcity/rarity that have previously been limited to physical art markets can now be applied to digital art, thus making it “rare digital art”. Most platforms run on the Ethereum blockchain thus the rise of the term “crypto art”, however, MakersPlace additionally accepts art purchases in credit cards, allowing for a seamless transition for new collectors and artists entering the space who aren’t well versed in cryptocurrency. Humanoid Pantheism by Emotionull sold on MakersPlace for 5 ETH (~$1,899) to collector Maxstealth This movement is democratizing artwork for the masses and tearing down traditional barriers to entry, such as geographic location, within the fine art world allowing for everyone to participate. Curated marketplaces such as ours ensure a high level of artwork quality, a crucial factor in legitimizing this movement in the eyes of the traditional art market. A Historic Sale & Tipping Point For Rare Digital Art Genesis by Trevor Jones and José Delbo sold on MakersPlace for 302.5 ETH (~$111,377) to collector Maxstealth New opportunities within this emerging art market (and medium) have attracted a flock of artists from traditional physical art backgrounds to join in the movement. Two notable examples are Trevor Jones, a painter with a fine arts background who has become well-known across the space for incorporating technology into his creations (oil paintings brought to life through AR or animation) and José Delbo, an OG comic illustrator who’s worked on a number of silver and bronze age classics such as Wonder Woman, Batman, Billy the Kid, and the Beatles Yellow Submarine comic. These two artists recently joined forces for a series of collaboration pieces on our platform which sold for a , approximately $202,000 USD. This consists of the highest single edition rare digital art sale to date, which sold for 302.5 Ether, approximately $111,378. netted total of 540 Ether Genesis BioNet Baby by Shu Lea Cheang sold on MakersPlace for 50ETH (~$18,744) to collector Whaleshark Another example of revered “traditional artists” finding success with rare digital art is that of new media artist , one of the first artists belonging to the “net.art” movement to be collected by the Guggenheim museum, whose debut artwork on blockchain, BioNet Baby, sold in auction for on MakersPlace. Shu Lea Cheang 50 ETH ($18,744) Despite an initial skepticism, even traditional fine art auction houses, like Christie’s are joining in on the action, with their first ever rare digital art and physical art package recently being auctioned for . $130,000 These exciting sales represent an inflection point for the rare digital art movement taking place on the blockchain: Digital art sales are for the first time rivaling physical art sales, with artists like Trevor Jones, José Delbo and others selling their digital artworks for more than their physical artworks. This sale signifies the seriousness of the movement, which is becoming increasingly more comparable to the traditional fine art market. Many are referring to this sale as a renaissance moment for digital arts. The next few years of this movement will be pivotal as its reach extends beyond the niche crypto art and NFT market, permeating traditional art markets and changing the way we interact with art forever. Get in Touch If you’re a digital creator, you can . learn more about MakersPlace here Ready to start your rare digital art collection? . Join here on , , , , and . Follow us Discord Twitter Medium Instagram Facebook Pinterest Cover Image by Pexels from Pixabay

CryptoArt: The Future of Fine Art is Digital

Commending Good Crypto Galleries and Gaming Projects No one really to know what a good crypto gallery is, or a good crypto gaming project is... but once you do know, such tech innovations sure do open up a whole new world of opportunities! Both for entertainment purposes as well as for collecting digital art, an impressive amount of development is happening. Crypto-galleries and crypto-gaming platforms are part of a growing international ecosystem that uses cryptocurrency to quickly pay for things like digital art or game items. Indeed, it's not that you to know this, but many are already having fun with it as well as building unique businesses around it. Perhaps you should too. needs need Art-Arcade Atmosphere is rare digital art by Joe Chiappetta available on MakersPlace , a fine crypto-art gallery. Every complex ecosystem comes with many diverse and rapidly operating parts. It is a fragile balance. Think of one button in a video game arcade. Remove that button from the game, and game play is ruined. Besides, not many could wire that button back into the game effectively. Now add such sensitivity to the complexity of all the games in an arcade. On top of that, add a diversity of players, with all the unpredictability that comes with human nature. It's a whole universe of intricate pieces in a delicate balance, yet producing an unforgettable (and usually pretty cool) atmosphere. Such balance of ecosystem parts is also the case with art and gaming on the blockchain. Many of today's collectors want their collection to be mobile, rare, transferable, valuable, auction-able, visible, highly promoted, secure... and the list goes on. Blockchains like Counterparty, Ethereum, and EOS provide key features for such an ecosystem. The cryptocurrencies that fuel these networks add to the mystique of Yet beyond this gut-level appeal, there is a depth of true innovation going on underneath the hood. "Hey look at me; I'm using weird, futuristic internet money." Developing a cryptocurrency application that serves as a marketplace for rare digital art and gaming items is one thing--and a significant thing it is. Designing this marketplace to also be user-friendly, fast, respectable, compliant, and secure is quite another thing. Attracting engaged community members and customers is yet another thing: as is forging great partnerships, and of course, funding the project until it becomes self-sustaining. The list of essential project components that lead to success is no small ensemble. There's also retaining customers and partners, moderating those who violate the project's terms of service, scheduling public events, managing team members and bounty programs, building cross-blockchain payment systems as well as payment systems for those wanting to pay in traditional currency, educating new customers, maintaining government compliance as laws change... and the list keeps going on and on. Reflecting upon these moving parts, I must commend a number of projects for tackling these elements with perseverance. While there are more than these 3 that are worthy of attention, I focus on these because I have the most personal experience with their products, team members, and community. operates Spells of Genesis, one of the oldest (and still great) blockchain games, as well as a diverse rare digital art gallery with wide gamer appeal. EverdreamSoft Crystal Suite is a most user-friendly and versatile rare digital art gallery, also doing innovative things to gamify the collecting of art. MakersPlace operates 7 active blockchain games, with a rare digital art gallery in the works. pixEOS Has each project mastered every aspect of the points I highlighted? No... not yet. However, each project listed here does have real working products now. They also have a vision aligned with those above-mentioned points, as well as implementation and/or plans to back it up. As alluded to earlier, I can say these things with confidence since I am active in all of these communities, and a grateful user/artist/collector on each of their respective platforms. So keep "blockchainizing" the arcades of today. Keep building in a delicate balance where none have built before. Keep creating a future that those who come later will thank you for. Joe Chiappetta http://SillyDaddy.net

Blockchainizing the Digital Arcades

Be it Web2 or Web3, technology should connect people and offer benefits by interacting with other computers (on-chain events) and the natural world (augmented reality), especially when it comes to gaming. Web3 gaming should be fun and safe Games define us, make us wiser and more street-smart, calm us down, bring us together as a community and sometimes, stress us. Above all, a fun and safe gaming experience are of the utmost importance to all gaming experiences! Crypto use in games today has made games challenging to understand and extremely risky for gamers. Especially for Web3 gaming, it shouldn’t involve financing to prevent it from becoming another decentralized finance (DeFi) or trading product. Any in-game monetary actions in free-to-play games should be simple and understandable. A little look into Web3/blockchain games What’s the Web3 gaming scene, also known as blockchain gaming, like today? In one sentence — it’s grown 2,000% from 2021 to 2022 ( ). as reported by DappRadar Around 800k everyday gamers make 18 million transactions daily, according to . In addition, “ ” in quarter 1 of 2022, meaning “2022 investments will be 150% higher than last year”. Footprint Analytics blockchain-based game companies fundraised $2.5 billion Some of the most adopted Web3/blockchain games with active daily users doing thousands of on-chain activities include: Gala Games platform with multiple games on Ethereum The Sandbox Game on Ethereum/Polygon (promising) Splinterlands (Wax/Hive) Trickshot Blitz (Flow), Benji Bananas and Planet IX on Polygon Tiny World (BNB) Axie Infinity (Ethereum/Ronin) MarsColony on Harmony Tank Wars Zone on Fantom STEPN on Solana There are also promising games like Blockstars, Alpha League Racing on Solana, and Project Nebula on ICON. That said, I’d like to point out that Web3 games don’t all have to run on-chain. It’s great if they do, but this is far from the requirements. Some games have specific on-chain activities from gameplay proofs, achievements and having part of the gameplay on-chain. Some others use Web3 avatar support or skins that are often imported/exported just once and verified from time to time, all while no gameplay happens on the chain. We’ll soon see more metaverse projects and massive multiplayer online games (MMO) that will use Web3 and keep their gameplay classical. Web3 and gaming Web3 is like a new database layer — a new way to store specific data and allow customers to interact with it in much more ways than used to be possible previously. It’s almost like a new form of API! With the rise of Web3, we have a fantastic opportunity to use this technological advancement to create a positive impact on the gaming world, allowing more transparency, ownership and an experience that players drive. On the other hand, issues need to be resolved to give users the fun and safe experience they deserve, which brings us to 3 main problems in Web3 games today. Three main problems in Web3 games today User onboarding User onboarding for Web3 games right now is an absolute mess. From requesting players’ wallet information to long ‘know your customer’ (KYC) forms that users don’t understand, the chaos begins from registration. While specific platforms like Wax, ICON, Obyte, etc., have their approaches, there’s been (thankfully) several initiatives to mitigate user onboarding issues, for example: Metamask unifying , along with Coinbase Ethereum Virtual Machine (EVM) wallets Blocknative’s Web3-Onboard library Opera and its Crypto Browser In addition, many new initiatives are starting from Metamask + Epic + GOG and , who are all pushing forward to solve the user onboarding issue. Superb Game onboarding, no matter the web it’s in, should be simple, seamless and secure, e.g., secure single sign-on (SSO) two-factor authentication (2FA) protection. Users shouldn’t have to duplicate their KYC or personal details each time they want to play a new Web3 game. To allow players to enjoy games further, they shouldn’t have to create wallets or share wallet information upfront. In many instances, users don’t usually need to interact with their wallets. Hence, instead of having wallet information as an onboarding barrier, users could be informed about both custodial and non-custodial wallets or have wallets created for them as part of the registration flow. An example case that worked well was and its easy process of buying NFTs and setting up wallets. Reddit As user onboarding can be a complicated process for game developers, this is where Web3 game portals and networks, like us — , come into play. Game providers and portals can help with simple, safe and secure user onboarding so that gamers can simply enjoy their games and game developers can leverage the latest technology. Superb Game assets and transactions Unfortunately, another bad dream somewhat looms right after the nightmare of registration and onboarding: “Where do I get my ‘SuperDuper’ game token and game NFT that’s needed to play?” This brings us to the second problem of Web3 games today: the difficulty of game assets and transactions, namely, how to obtain game assets to start playing new games and perform game transactions with other players. Obtaining game assets should be accessible. Games must be fun, educational and relaxing experiences. If they allow social interactions, such as massive(ly) multiplayer online role-playing games (MMORPG), that’s even better. Players want to enjoy games, collect items, feel involved, participate in the community and be valuable gamers. They don’t want to spend forever trying to figure out how to start playing a new game, whichever web it’s in. As such, games should enable easy access and purchase of game assets, especially during the onboarding process, so players can start playing almost immediately. Transaction of game assets with other players should be seamless Currently, there is a lack of good platforms for players to quickly and seamlessly trade game assets or perform in-game transactions, e.g., sending item X to a friend or creating a gift. As a result, users have to go into marketplaces, e.g., NFT marketplaces like Opensea, Rarible, Sorare, SolSea, Magic Eden and MakersPlace, which aren’t very user-friendly for such transactions. These are issues that Superb is aiming to solve via our SDKs for game developers. We want to connect and enable smooth onboarding with automated integration and setup of game assets, like a starter package that gets easily transferred to the user’s account for purchased games or game assets. Within this setup, purchasing a game or game asset will be as simple as e-commerce orders are today, regardless of the payment system — a single click toward conversion. In addition, we strive to make it easy for game transactions within our Web3 game portal by enabling easy, seamless and safe transfers via username handles so users can easily transact and exchange game assets with each other. Security and Trust While there are thousands of Web3 games right now and more games (e.g., AAA games) upcoming, there’s currently a slight . This, unfortunately, brings about the possibility of thieves, scammers, fraudsters and other bad people who want to get rich by taking advantage of others’ ignorance or extorting accounts and other assets from gamers. As technology evolves, gold diggers or projects built on wrong attitudes or bad principles may subsequently affect gamers negatively. lack of security and regulation Here’s where gaming portals and networks can come in: to provide a robust platform for stimulating trust. This is a primary reason we created Superb — a portal and network that lists validated games by reviewers. Each game is played, tested and reviewed by players in our community, with obvious scams and unclear games filtered out. Our mission is to find and elevate Web3 games that stand out for their quality, innovation and ease of access. That said, we aren’t alone in this. Along with other game portals like Fractal and Epic, we’re working towards making Web3 games better to give players a fun and safe gaming experience, even if we have to use the latest alien technology from the outer rims! Games Discovery • Superb Identity/SSO • Superb SDK Have any feedback? I’m here to hear you out! Feel free to write to me about your concerns and ask about our platform, games & reviews. If you are a game studio, let us know . If you are a reviewer and would like to participate, feel free to an intro with a few of your publicly published game-related writing examples (e.g., articles/reviews). here email me Also published . here

Today’s three main problems in Web3 games and how we are going to solve it together

According to a report by , NFT sales surged over $10 billion in sales in the third quarter of 2021. Also, revealed that there was a 328% growth in NFT transactions within the first half and third quarter of 2021. This shows that the NFT industry is growing fast and attracting more professional and institutional players into the industry. Reuters Brandessence market research Just recently, Mike Novogratz, a crypto billionaire and CEO of Galaxy Digital Holdings, announced the launch of his . NFT for charity A few days ago, Nike, the American multinational shoe company, announced the , an NFT collectible and fashion startup. purchase of RTFKT Studios Also, Justin Kan, an American multimillionaire, has launched called Fractal. his own NFT marketplace Yes, billionaires and leading entrepreneurs are getting into the NFT market, but the VCs are making the biggest moves in terms of investment in the NFT market. I constantly publish new statistics and news about new deals . on my Twitter It’s very important who are the main players who move and invest in the industry. Here are arguably the leading VCs and investors in the NFT industry, and everyone can see why they are on this list. If you have a project, your’s can potentially be the next one these guys will invest in. If you’re an NFT collector, it will be useful for you to follow these names to analyze the industry right and to find the next gem for your collection. Andreessen Horowitz (a16z) is one of the largest VC investors in the NFT market for startups. It is a venture capital firm in Silicon Valley backing bold entrepreneurs transforming the world with technology. A16z In a November 2021 article by PitchBook, a16z has participated in 39.27% of all VC deals by value for NFT companies. A16z only goes for the biggest deals in value in the market. Some of the notable a16z investments in the NFT market include a $150 million investment in , a play-to-earn gaming platform, in a Series C funding round valued at $1.25 billion. Also, I would be remiss if I did not mention a Series B funding round raising $152 million at a valuation of $3 billion for , a blockchain-enabled play-to-earn video game company. Mythical Games Axie Infinity In March 2021, a16z was the lead investor in a $23 million fundraising round by , a popular NFT marketplace. And they were also a part of a $21 million Series A funding for , a browser-based NFT game developer. Opensea Faraway In September 2021, a16z was a returning investor in raising $250 million in a new funding round for , the creators of and the using blockchain technology to bring NFTs and new forms of digital engagements to fans around the world. Dapper Lab NBA Top Shot Flow blockchain A16z was earlier in March an investor in NBA Top Shot’s $305 million funding round and was also among the key investors in a $725 million Series B funding for , a blockchain NFT-based gaming platform. Forte In November 2021, a16z invested a whopping $55 million in , an NFT-based music rights startup, in their Series A funding process, while NFT-based music startup announced that it had raised $5 million in a seed raise led by a16z. Royal sound.xyz Coatue is a global investment company that is focused on public and private companies in the technology, media, and telecommunications industries. Coatue Management LLC In March 2021, Coatue led a funding round raising $305 million for , the NTF-based company behind Cryptokitties and NBA Top Shot. Dapper Lab In September 2021, the investment firm also led a new round of funding for Dapper Lab, resulting in raising $250 million. Coatue was also instrumental in raising over $125 million in funding for Opensea, an NFT marketplace. Benchmark __ __is a venture capital that is based in San Francisco, and they provide seed money to startups. Benchmark In February 2021, Benchmark led a $50 million Series A funding for , a football-based NFT marketplace. Sorare In September 2021, Benchmark was also a returning investor in Sorare’s series B funding of $680 million. Moonrock Capital __ __is a leading NFT funding VC firm based in UK and Germany. Moonrock Capital In May 2020, Moonrock Capital co-led an initial seed round raising over $2 million for , a London-based cryptocurrency platform building a “CoinBase for NFTs” application ecosystem. CoinBurp also worked with CoinBurp - the project is really interesting. My company In December 2021, Moonrock Capital announced an undisclosed amount of investment in , a play-to-earn gaming platform. Exeedme Earlier this year, the firm also invested an undisclosed amount in Showcase, a social NFT app bridging the gap between influencers and fans. Moonrock also announced an undisclosed investment in , a decentralized protocol built to create and invest token-based passive investment in a web3 environment. Phuture In May 2021, Moonrock Capital announced another undisclosed amount of investment in , a community-controlled metaverse DAO launching an NFT collection. Jenny Animoca Brands is a Hong Kong-based software and Venture Capitalist company. Animoca Brands In November 2021, Animoca Brands led a seeds fundraising of $2.7 million for , a 3D NFT marketplace for building the metaverse. MetaMundo The VC firm was also involved in raising $10 million in funds for , a community-governed NFT protocol, for the launch of its new product Unicly v2. Unicly In October 2021, Animoca Brands was a part of a seed funding round of $8.3 million for , an NFT move-to-earn gaming platform where players are rewarded for the steps they take in real life. Genopets Divergence Ventures is a venture capital firm based in San Francisco, California. Divergence Ventures In January 2021, Divergence ventures raised, in funding, $6.8 million for , art, and entertainment NFT firm. Fractional In February 2021, they raised funding of $2 million for , an NFT-based art company. Async Art In September 2021, Divergence Ventures also raised total funding of $10 million for , an NFT-based Infrastructure company. Cybertino They were involved in raising an undisclosed sum of funding for , an NFT-as-a-Service Infrastructure company that seeks to empower communities, developers, and creators to achieve community engagement and retention to the next level. Project Galaxy In May 2021, Divergence Ventures was part of raising a pre-seed round fund of $500,000 for , an augmented Reality NFT platform. Anima Coinbase Ventures is a venture capital firm that invests in startups building the open financial system. Coinbase Ventures In May 2021, Coinbase Ventures was part of raising a pre-seed round fund of $500,000 for , an augmented Reality NFT platform. Anima In September 2021, they were also part of a Series A fundraising of $30 million for , an NFT-based digital Arts platform. Makersplace Conclusion These are some of the VCs who invest in the NFT industry. With the growing interest of Venture Capitalists in the NFT industry, more groundbreaking innovations are undoubtedly underway. We are gradually moving away from Web 2 to Web 3, and NFTs are going to play a vital role. With the great achievements of the NFT industry in 2021, 2022 will certainly bring more growth to the industry. You can follow these VCs on to follow their investments. If you want the latest updates and researches about Metaverse, Crypto, DAO, Play2Earn, and the NFT industry and to participate in different crypto contests and activities CrunchBase - Follow me on Twitter. In the meantime, if you have any questions about NFT or you are a Crypto / GameFi / Metaverse project and want to know more about , you can always contact me via how to promote your project Telegram (@baloyan) P.S. Check out my previous articles at HackerNoon: The Top 7 Metaverses That You Can Try Right Now Understanding DAO: A Basic Explanation Understanding Metaverse: A Basic Explanation Play2Earn for Beginners: Where to Start What is an IGO (Initial Game Offering)? Play 2 Earn: A New Trend on the Crypto Market The Ultimate Guide to NFT Marketing and Promotion The Ultimate Checklist For Marketing DeFi Projects

Top 7 Investment Firms Leading NFT Venture Rounds

Las 7 principales empresas de inversión que lideran las rondas de riesgo de NFT

Liquidity is the lifeblood of any trading venue, whether traditional or crypto. Without liquidity, exchanges are just useless pieces of software, having nothing in common with a profitable business. The driving force behind liquidity in trading is — professional, sophisticated guys who make trading alive. market makers In this article, I will walk through market making in crypto, how it differs from traditional one, what strategies it applies, as well as its risks and incentives. Let’s get started. Who are Market Makers, and what do they do? A market maker (MM) is a professional trader who actively quotes two-sided markets in a particular asset, providing bids and asks along with the market size of each. Market makers provide liquidity and depth to markets and profit from the difference in the bid-ask spread. Market makers can be institutional traders (a bank, trading firm, broker, or brokerage house) or individuals. In most cases, MMs . They operate across global stock, currency, and cryptocurrency markets. are high-frequency traders Often, market makers are hired by exchanges to provide liquidity on particular assets and maintain the market in a good state. Essentially, they undertake to: Quote bid-ask assets prices throughout the day Maintain the spreads below a maximum limit Maintain minimum depth Maintain orders for a minimum time limit (the uptime requirement), etc. In other scenarios, market makers might have no collaborations with exchanges and trade in their own interests. Specifics of Crypto Market Making Though market makers in both traditional and crypto markets perform the same function of providing liquidity, there are some critical differences between them. The main difference is that the crypto market is still a wild run: exchanges are not safe both from technical and regulatory standpoints, assets prices insanely volatile, “wash trades” are a common practice, and none of the fundamental or technical analyses is sufficient to rely on. Though the crypto market has impressively progressed so far, playing on it still feels like a ride with a blind driver. It implies way more “hidden gems” than its traditional counterparty. Other specifics of crypto trading: relatively low liquidity of assets, significant risk of , slippage ease of price manipulation, high probability of when large orders come into place, and the like. flash crashes On the positive side, in crypto, the entry barriers are way lower for MMs than in traditional markets. Also, MMs are usually free of maker’s fee payment and even incentivized with — a certain percentage of the trading fee that the liquidity taker pays. rebates Typical crypto market makers are brokerage houses, hedge funds, or private firms with sufficient resources and expertise. Market Makers vs. Automated Market Makers Though they sound similar, market makers and automated market makers (AMMs) are entirely different entities. As mentioned above, MMs are professional traders (an individual or a legal entity like a broker firm), often operate under a special license, provide liquidity to markets, and earn on bid-ask spreads. On the other hand, that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a particular pricing algorithm. AMMs are a type of decentralized exchange (DEX) protocol For example, uses the following mathematical curve to determine the price of trade: Uniswap x * y = k where in the , y i , and k is a , meaning the pool’s total liquidity always has to remain the same. x and y are amounts of two assets liquidity pool s the amount of the other fixed constant An AMM’s work looks like this: a liquidity pool provides liquidity to an AMM. Once the liquidity is added, trades are carried out according to the established pricing algorithm. Every trade (or a swap) is charged with a fee (typically 1%-1.5%), which would be later paid out to the liquidity providers proportionally to their contribution to the liquidity pool. Unlike AMMs, MMs are not restricted to the price curve and maintain their own spreads. Regular market making involves more active participation as compared to AMMs. How do Crypto Market Makers make money? As mentioned earlier, crypto market making is a tremendously risky activity. So how does it pay off? What is the incentive behind it? The answer is spread. Market makers take small profits in the amount equal to bid-ask spreads with each trade while dealing with massive trading volumes. At the end of the day, market makers would have thousands or even millions of such trades executed and, therefore, an impressive overall profit. Let’s take a look at an example of orders from a market maker: Buy-order for 1000 units at $1 Sell-order for 1000 units at $1.02 The spread is $ 0.02 Total profit made by trading 1000 units: $20. Crypto Market Making strategies I’ll just briefly walk through them here: Delta Neutral Market Making A market maker seeks to self-hedge against the (see below) and wants to offload it in another trading venue. For that, a MM would place on an exchange with low liquidity, and when those are filled, immediately send a (on the opposite side) to exchange with higher liquidity. inventory risk limit orders market order So, if a MM bought inventory on one exchange, then they would sell it on another. In this case, our MM would have open positions on both exchanges, they sum to zero, and there’s no outright position (gains on one exchange offset the losses on the other). The price the MM would offer on the low liquidity exchange would be the cost of filling the market order on the higher liquidity exchange, plus a small profit. High-frequency “at the touch” Market Making In , market makers place buy and sell orders on both sides of the book, usually “at-the-touch” (offering the best prices to buy & sell on the whole exchange), which means they will be filled whenever someone comes along with a . this strategy market order Grid Market Making In this case, a market maker places throughout the book, of increasing size, , and then leaves them there. limit orders around a moving average of the price The idea is that the price will ‘walk through’ the orders throughout the day, earning the spreads between buys and sells. Key risks and hurdles of Crypto Market Making (i) The inventory risk The most painful risk of market making is known as the . inventory risk Inventory means a particular amount of assets a market maker has to store to be able to fill a buy/sell order. The inventory risk shows up each time when a price of an asset . In other words, instead of fluctuating sporadically, which is probably the best-case scenario for a MM, the price begins consistently going in a particular direction. starts moving with a trend Let’s say an asset price starts to . So what happens for a MM here while they act on both buy and sell sides for this asset? Right! Their buy-orders will start to be filled, while the sell orders won’t. To handle this situation, our MM would increase the inventory of the asset that is losing value, resulting in total will decrease over time. trend downward inventory value Sooner or later, the price could get back to a profitable level, and the market maker would be able to sell his inventory with plus. However, if the situation with price dropping keeps going, the MM’s inventory would be locked on one side. At the end of the day, the market maker would be forced to stop his operation and wait for better prices or start selling his inventory at a loss to keep his operation going. So summing up, the inventory risk is the probability a market maker can’t find buyers for his inventory, resulting in the risk of holding more of an asset at the wrong time. Another scenario is when a market maker has to sell assets too early while their prices are rising. The inventory risk is inevitable in any market-making, whether it’s done on the traditional or crypto markets. However, its probability dramatically increases when it comes to crypto, as crypto assets are way more volatile than their conventional alternatives. (ii) Other concerns and bottlenecks Non-regulated status of exchanges Most cryptocurrency exchanges operate off-shore and therefore sidestep the supervision of a regulatory watchdog. Therefore a market maker needs to be extra cautious while considering professional engaging with a particular crypto exchange. Security issue Cryptocurrencies are often exposed to exploits and hacks. Therefore security has always been a number one concern for all types of crypto traders. Latency issue Latency means a delay in data transmission. For market-making efficiency, latency shall be as low as possible. In other words, a maker needs to get quick responses from their clients with trades on both sides of an execution price. A proven way to achieve this is by collocating the market-maker’s servers with those of a cryptocurrency exchange a maker works with. However, not all crypto exchanges offer such an option for market makers, and reaching the right latency can be an issue for market makers. Cost of market-making software development It’s just huge. However, there are a lot of off-the-shelf software solutions that could help make the process slightly cheaper. Lack of standardization Unlike traditional financial markets, there are no standard protocols for crypto exchanges. Thus it can require extra effort to adjust to an exchange’s API. Plus, APIs sometimes can have some issues resulting in downtime errors, lag in execution, and other negative effects. Trading capital Market making requires impressive trading capital. Taking this into account, traditional markets often provide MM with credit lines. However, in crypto, this is not a common practice. MMs have to accumulate trading capital on their own and take 100% risk on this investment. What Yellow Network offers to Crypto Market Makers ’s ecosystem is designed for all types of market makers: institutional ones, mid-size firms, or individuals. It provides high speed of transactions, , and ease of connectivity. Yellow Network aggregated liquidity ’s helps facilitate market makers’ strategies performance and maintain a desired spread and liquidity. Key features of ArkeBot are: Openware ArkeBot The bot can run on decentralized or centralized exchanges with customizable strategies Automation: Spread can be optimized to maintain an efficient market while ensuring profits for market makers. Consistent spread: Liquidity can be arranged through hotlink to major exchanges such as Binance, Huobi, Bitfinex, or others through configurable API endpoints. Order books can also be combined with 3rd party liquidity providers. Liquidity: Easy deployment of common trading strategies and option to configure new strategies on the fly through modular and customizable algorithms and scripts. Trading strategy: to control performance. Online analytics and monitoring tools Final word Market makers are the backbone of any asset trading. They create and develop markets for new assets and give new trading venues chances to survive and grow. Both in crypto and traditional markets, MMs provide liquidity and procure the stability of asset prices, which requires a ninja-level of skills and relevant resources. While market making is not for everyone, it’s easier to engage in this activity in the crypto market. Master the profession, accumulate the required resources and start orchestrating the concert. It’s hard, but it’s worth it. Written by for . Julie Plavnik Yellow Network Want to learn more about Yellow Network and cross-chain trading technology? Check out OpenDAX v4 stack GitHub: https://github.com/openware/opendax Follow Yellow Twitter: https://twitter.com/Yellow Join the public Yellow Network Telegram: https://t.me/yellow_org Read Yellow Network Medium blog: https://medium.com/yellow-blog Stay tuned as Yellow Network unveils the developer tools behind Yellow Network, brokerage nodes stack, and community liquidity mining software!

Crypto Market Making: A Complete Introduction

Creación de criptomercados: una introducción completa

Création de marché crypto : une introduction complète

क्रिप्टो मार्केट मेकिंग: एक पूर्ण परिचय

クリプト マーケット メイキング: 完全な紹介

Criação de mercado criptográfico: uma introdução completa

Tạo lập thị trường tiền điện tử: Giới thiệu đầy đủ

加密做市：完整介绍

Introduction Over the years, the existence of intermediaries such as corporations and centralized platforms that possess a monopoly on creative ownership has hindered artists from enjoying the full economic value their artworks have to offer. However, with the advent of , the creative business has been drastically transformed and a new paradigm that allows for direct creative ownership between artists and their communities, free of centralized organizations, has emerged. With this phenomenon, an artist is able to mint their work, and turn it into a digital collector’s item allowing such artworks to gain value. Non-Fungible Tokens(NFTs) The NFTs Marketplace The one-stop destination for creating, listing, sale and purchase of various forms of valuable digital arts and crypto collectibles as NFTs are commonly referred to as NFTs Marketplaces. They are decentralized platforms that allow users to create, buy, sell and store non-fungible tokens. Generally, these specialized marketplaces for the listing and trading of NFTs possess certain features. There is usually a dashboard that provides users with all the information needed for a listed asset such as the owners of such asset, the bids on the asset, the value history and also offers previews of the digital collectible. More advanced marketplaces also have a function for advanced token search that allows users to get complete information on listed NFTs via a simple search. Further to this, NFTs marketplaces allow users to place bids for and buy NFTs recorded on the platform. Users are also allowed to create, list, and send digital assets and crypto collectibles on NFTs Marketplaces. Streamlined and Augmented Market Places Broadly speaking, NFTs marketplaces can be categorized into An NFTs marketplace is streamlined if it offers a broader range of digital collectibles as NFTs and provides sellers with fewer and more generic services. This kind of marketplaces are mostly concerned with facilitating efficient transactions through the provision of for example a payment infrastructure to enable the sale and purchase of NFTs. They also enjoy a broader base of users because they offer a more diverse collection of NFTs for sale. Streamlined Market Places and Augmented Market Places. On the other hand, an augmented marketplace is a niche marketplace that focuses and services a narrower category of users. Unlike Streamlined Market Places, Augmented Market Places offer numerous value added services including but not limited to minting of NFTs, marketing, curation, price recommendations, portfolio trackers and so on. The Plague of Centralization NFTs, like the bulk of crypto assets, are built on decentralized blockchain technologies. This implies that they are not controlled by any central authority, thereby empowering individuals to own and control the dissemination and monetization of their work. The promise of decentralization upon which these NFTs marketplaces claim to be built is however not guaranteed as many NFT platforms are more centralized than users are made aware of. A centralized platform is one in which a central authority is in control of its data and functions. For example, because social media platforms are built on centralized systems, they exercise total control over the use of most aspects of the platforms like who can and cannot join the platform, what can and cannot be posted, who controls and handles data of users. There is no gainsaying in denying the fact that the preference for NFTs market places to be powered by centralized platforms is as a result of their high performance and ease of implementation. These marketplaces are also assured of data integrity since the entirety of the database is stored at a single location. This ensures that data is managed in the most consistent and accurate way. Further, NFTs marketplaces know that since data is stored on a single centralized platform, data redundancy can be controlled since data is not stored or distributed on other platforms. It is therefore easier to ensure that the data stored are not duplicated thus, controlling redundancy. It is trite that decentralized systems are expensive to build as they require more computational resources and are more complex to implement. Most NFTs marketplaces prefer to be powered by centralized platforms as they are easily accessible, cheaper to maintain and easier to implement. However, reliance on centralized systems or web 2 based platforms to power marketplaces for the sale of NFTs poses major risks. A significant risk that is posed here is loss of data. When an NFT is purchased, the token that represents the ownership of the art itself is stored on the blockchain for everyone to see. However, since on-chain storage of large files is costly, NFT platforms that rely on centralized storage servers store the art, metadata, or media that the token correlates to off-chain on these centralized platforms. This put the NFT at the risk of being lost forever if the centralized platform stops operating. Speaking on the location of the media referenced by NFTs, , in a noted that the token that represents the NFT which lives on the blockchain references a media which itself is off-chain as an HTTP URL metadata file or an IPFS hash. Jonty Wareing twitter thread Jonty, in his thread referenced the record-breaking sale of . The token references  metadata that is accessible through a public IPFS gateway. The image however is stored through . In a situation whereby Makersplace were to stop operating, the collector of B ” for 69 million dollars would be left with an image that can no longer be accessed. Beeple MakersPlace’s private gateway eeple’s “Everydays: The First 5000 Days Another risk associated with reliance on centralized platforms to power NFTs marketplaces is the issue of censorship and data tampering. Centralized platforms often censor accounts that post anything that goes against their terms of service and objectives. The risk of data tampering is also heightened when data is stored on centralized platforms. Centralized platforms, often operate a singular server upon which all data are stored. This makes them much more susceptible to hacking and system failure. In March 2021, the popular NFTs Marketplace, Nifty Gateway experienced the . A user on the platform to have lost over $150,000 worth of their collectible tokens. first digital NFT theft claimed In addressing this issue, the Company, via its stated as follows: twitter account “We have seen no indication of compromise of the Nifty Gateway platform. The Nifty Gateway team is communicating with a small number of users who appear to have been impacted by an account takeover. Our analysis is ongoing, but our initial assessment indicates that the impact was limited, none of the impacted accounts had 2FA enabled, and access was obtained via valid account credentials. We encourage our users to enable 2FA that we provide on the platform and never reuse passwords. We have seen some reports that NFTs involved in these account takeovers were sold in transactions negotiated over Discord or Twitter. We strongly encourage all Nifty Gateway customers to purchase their NFTs on the official Nifty Gateway marketplace.” Similarly, on December 7th 2021, Amazon Web Services (AWS) experienced an outage in its key US-East-1 region and this outage affected a number of websites hosted on the platform, one of which is dYdX, a decentralized exchange platform. In its via its Twitter account, the platform acknowledged the fact that there were still some parts of the Exchange that relied on centralized services and that the downtime was as a result of AWS outage which have impaired its operations. official report Making a case for complete Decentralization of NFTs Marketplaces . Transactions are safe and less likely to be tampered with Building an NFT marketplace that rely on a fully on-chain decentralized platform guarantees safe and secure interaction with users of the marketplace. Transactions are more secure and less likely to be manipulated. NFTs marketplaces, can increase transaction security and build trust and confidence in their customers by avoiding the brokering of user data through dependence on web 2 centralized platforms and maintaining a fully decentralized infrastructure. NFT Portability Complete decentralization of NFT marketplaces provides an avenue through which creators and collectors of NFTs alike are able to mint and move their NFTs from one marketplace to another. When an NFT marketplace has been designed to live entirely on-chain, as opposed to what obtains now, the storage of both metadata and media is completely decentralized and as such continual existence of the NFTs is guaranteed. Artistes and collectors are in full control of transactions Artistes looking to sell and collectors looking to buy NFTs are in total control of their various transactions. Users have the liberty to initiate transactions without any form of approval from a centralized authority. The process of verifying transactions is free of third party interference as cryptography ensures that the data is properly validated and secure. Conclusion In marketplaces for art, reliance on centralized authorities is a phenomenon that is as old as time itself. More often than not, these platforms and not creators of the art themselves monetize and enjoy most of the pecuniary value created from primary and secondary sales of these works of art. The advent of decentralized data networks and applications has however made it so that centralized authorities no longer hold the power to act as intermediaries between creators and collectors of art thereby stripping them of their exploitative powers. Transactions can now be handled on fully decentralized platforms where creators and collector are able to determine the terms of their relationships and creators get to enjoy all the economic value generated by their works. It is true that building a fully decentralized marketplace where creators and collectors can transact free of third-party authorizations have been undesirable for a number of reasons. However, as the web3 technology continues to unravel, an understanding of better ways to improve security of transactions and creating new models for ownership continue to present themselves. The vulnerabilities associated with centralized systems are also being highlighted, as is an awareness of how they might be mitigated by decentralization.

The NFTs Marketplace and its Dependence on Centralized Web2 Services

In the past few years, the crypto marketplace has shown its precise efficiency and potential to the world, from being concealed, underrated digital currency to shaping a new economy of today’s digital era. In the crypto domain, many marketplaces came and gained value, which took them decades, but NFTs have secured the prime position in just a few months. From the beginning, an NFT platform has gained crypto investors’ interest and made them desperate to own exclusive NFTs. You must be thinking, what exactly is NFT proposing to its investors? The NFT has proposed a way for its investors, who are artists and other professionals, to present their work in the form of . It indeed has driven a certain diversion in the digital currency (crypto) era by making people work on mining/minting their own NFTs. NFTs NFT minting is a process of making digital arts a part of the Ethereum blockchain, which is highly secured, or in other words, tamper-proof. Minting NFTs is like minting metal coins and circulating them into the marketplace. Its stats are growing along with the dependencies of the NFT marketplaces. New NFT marketplaces are emerging quickly, but among them, choosing the right one is essential rather than just selling your art pieces. For this, you need to select a suitable platform meeting your NFT art by considering the marketplace representing the fee and type of blockchain it uses. Without wasting more time, let’s dive into the best NFT marketplaces to choose for your NFT art representation. Top NFT Marketplaces: OpenSea: Art, Photography, Music, Sport, etc. NFT Type: Ethereum, Polygon, Klatyn Blockchain: Why Should You Prefer OpenSea NFT Marketplace? Provides almost all types of NFTs to buy and sell Accepts 150+ cryptocurrencies Uses highly secured blockchains OpenSea is a very old and the most trusted NFT marketplace. You can also think of it as an Amazon marketplace but with NFTs. It is very handy when it comes to creating an OpenSea NFT account, starting NFT minting, setting, and browsing other NFTs. OpenSea makes it easier to gain market capitalization in a commendable way, like making it its own market. A recent survey shows that OpenSea has become a marketplace of $13 billion net worth. According to the experts, OpenSea can create great insights and bids for the minted NFTs. Rarible: Art, Photography, Games NFT Type: Ethereum, Flow, Tezos Blockchain: Why Should You Prefer NFT Marketplace? Three options in blockchain Owned by a community Low carbon and gas fees Rarible is another widely used NFT marketplace due to its adaptive features for minting an asset and user-friendly interface. It offers royalty features to its NFT creators. According to a recent survey, the Rarible marketplace is worth $14 million. It uses its specialized token RARI and allows users to get votes on platform upgrades and become an essential part of platform modernization. Its supported blockchain type Ethereum is indeed carbon footprint-free but costly, whereas Tezon offers low fees around $0.50 but is more focused on artistic collections. Among the blockchain types, Flow offers the lowest fees (near to zero) for the minting process, which is also known as ‘Lazy Minting’. Flow is also known as proof of stake blockchain, offering minimum/lower carbon footprints as compared to Ethereum. Rarible provides a considerable secure marketplace for arts, creating new NFTs, which also includes Adobe. Foundation: Fine art, digital art, 3D art, and photography NFT Type: Ethereum Blockchain: Why Should You Prefer Foundation NFT Marketplace? Artists-centered NFT marketplace Well-curated and exclusive NFTs Offers high-quality NFT art pieces You can also refer to Foundation NFT Marketplace as a club of artists where you can find high-quality and exclusive art pieces curated by a selected community of artists. In one year of the journey, the Foundation community has gained a capital of $163,263.94. As it is an exclusive marketplace, to be a part of this, the artist must get an invitation from its community artist, where each member only gets one invite to use. In the process to sell NFT arts, artists get 85% of the share, where 10% of the share is distributed in the secondary sales. If your requirement is to get authentic NFTs and art pieces, then Foundation is the best creative NFT marketplace to get exclusive deals and arts. Nifty gateway: Digital Art, Authentic-curated drops NFT Type: Ethereum, Gemini Blockchain: Why Should You Prefer Nifty Gateway? Buy arts with fiat currency Uses limited Open Editions Nifty Gateway is an elite NFT marketplace, highly focused on Minting NFTs than listing. Recently, Nifty has become a marketplace selling the expensive NFT bundle worth around $91.8 million, created by Pak. It shows that minting NFTs in this marketplace is a path to get the limelight in the crypto marketplace with articles and more chances to get high trades quickly. Axie Infinity Market Games NFT Type: Ethereum Blockchain: Why Should You Prefer Axie Infinity Market? Focused on gaming technology Efficient NFT marketplace Axie Infinity is a gaming asset-exclusive NFT marketplace, where gaming platforms are minted as assets. It is one of the expensive NFT marketplaces under gaming NFT type and popular among crypto ménage people. It gets market capitalization in billions every year. NBA Top Shots Sport NFT Type: Flow Blockchain: Why Should You Prefer NBA Top Shots? Sports-centered Lower carbon footprints and platform fees Highly secured NBA Top Shots is the best sport-centered NFT marketplace, getting the finest values for sport-based NFTs, specifically Basketball. It uses a unique set of drops, which does not allow to mint creative NFTs but lets investors buy and sell sport-based NFTs. Its assets get the finest values, leading the platform to magnificent growth. At present, its market worth is around $.1.9 billion. Decentraland Estates, Avatar wearables, and names NFT Type: Ethereum Blockchain: Why Should You Prefer Decentraland NFT Marketplaces? Stocks the best kind of digital goods Offers high-profit ratio Tamper-proof Decentraland has brought the revolution in the digital currency trading platform. This platform creates a huge difference in the NFT marketplace, allowing users to build a huge virtual community as the technical wrap. Minting NFTs in Decentraland offers a futurist way to enter into the crypto era, offering META worlds, which is a new concept but gaining attention and popularity very quickly. SuperRare Digital art NFT Type: Ethereum Blockchain: Why Should You Prefer SuperRare NFT Marketplace? Offers well-curated and rare art pieces Fine gallery mode Impressive editorial blog window When it comes to getting an art gallery-like mood, SuperRare NFT marketplaces come first in the mind of crypto investors. It is known as the art-first marketplace that offers authentic, credible, and curated-artistic pieces to the users, which is beyond meme-friendly-to-the-moon art. The recent survey shows that it has reached the market revenue of $2 Million with NFT sales. For creators/artists, the SuperRare NFT marketplace is the best platform to get a better value for their art. Binance NFT NFTs, Crypto NFT Type: Binance Smart Chain (BSC) and Ethereum Blockchain: Why Should You Prefer Binance NFT Marketplace? Low marketplace feed (1% only) Large and highly secured community Accepts Fiat currency Binance NFT is a leading NFT & crypto exchange marketplace, backed by its own blockchain called Binance Smart Chain (BSC) and Ethereum. Many crypto enthusiasts consider this marketplace as future-proof due to its popularity and security reasons, as well as exclusive partnership deals and events. It becomes easy to access and bid on the Binance NFT marketplace with Binance Tokens (BNB), ETH, and BUSD. BakerySwap: Games, Artworks, Collectables, Pets NFT Type: Binance Smart Chain (BSC) Blockchain: Why Should You Prefer BakerySwap NFT Marketplace? Minimum wages on NFT trades (0.30%) Marketplace fee 0.01 BNB for NFT minting Collaborated with Binance NFT marketplace having bright future BakerySwap is the first decentralized crypto currency marketplace, having a bright future, which contains $195 million+ of net market worth. It has its own NFT marketplace, allowing users to mint their own unique NFTs and sell them at a better value. Thus, many crypto enthusiasts consider BakeySwap as the best and most reliable NFT marketplace for NFT minting. Async Art: Programmable Art NFT Type: Ethereum Blockchain: Why Should You Prefer Async Art NFT Marketplace? Elegant digital art Supports a wide community of creators and owners Offers Blueprints of arts Async Art NFT marketplace was founded in February 2020, which mainly focuses on non-fungible artworks. Here, each curated artwork is made with Masters and Layers, where Masters are purely NFTs, and Layers make the alterable art. The layered structure allows investors to purchase a particular layer of the art, which means different layers of the same art piece can be owned by multiple users, who can also contribute to changing the artwork. Because of this type of ownership, this marketplace says, “here, everything is ‘Tokenized’”. The Blueprints feature of this marketplace enables artists to opt for generative projects in the vein of the Bored Apes. MakersPlace: Fine Arts, Commercial Arts NFT Type: Ethereum Blockchain: Why Should You Prefer MakersPlace? Buy artworks made by renowned artists Impressive collection of art Exclusive & Rare NFTs MakersPlace offers an authentic and rare collection of artworks and NFTs created by established artists and creators. It allows users to bid for exclusive NFTs from the likes of Damien Hirst, Robert Liefeld, and Christie’s auction house. It enables artists to digitally sign their artwork backed by blockchain, which then numbers authentic editions for creating scarcity. It means that even if someone downloads a copy of it, the copy cannot gain the authenticity of the art piece as it doesn’t contain the digital signature of the artist. KnownOrigin: Art & Photography NFT Type: Ethereum, Mint, and more. Blockchain: Why Should You Prefer KnownOrigin NFT Marketplace? Exclusively curated NFTs User-friendly marketplace KnownOrigin is the oldest NFT marketplace, offering rare and collectible NFT artworks. Its NFT drop feature enables artists to control the art piece releases, for example, Seth Tillett’s Jean Michel Basquiat photo collection. The number control creates the scarcity of the artwork and boosts up prices. As it uses many blockchains, users can choose the one meeting their fee budget and carbon footprint requirements at the time of bidding. It provides support to community messaging and offers advice on NFT drops and sales, which includes keeping secondary sales in a separate marketplace. Zora Art, Music, Animation, Media, Text, Web, and more. NFT Type: Ethereum Blockchain: Why Should You Prefer Zora NFT Marketplace? Artists and creators-centered Authentic sale Supports real-world collections as NFT sales Zora NFT marketplace has begun its journey with an artist-specific platform like Foundation but now has pivoted into the open marketplace for all types of users. It is a user-friendly marketplace allowing to place perpetual bids for all users on all available digital currency. Zora auctioned off RAC’s Boy album in both digital and physical copies. It offers physical items to super-fans; for instance, Jeff Staple, a Nike designer who sells a limited edition of trainers on this marketplace. Solanart : Multi-collections of NFTs, including Crypto Apps NFT Type :  Solana Blockchain Why Should You Prefer Solanart NFT Marketplace? A massive collection of NFT art pieces Considerable marketplace fee Solanart is an NFT marketplace based on the Solana blockchain, which contains a massive collection of NFTs. At present, it has Degenerate Ape Academy, Aurora, SolSand, Alpha Gorillas, Shadowy Super Coder, Goblin Army, Nyan Heroes, and Soul Dogs as its TOP collections. It usually charges a 3% of marketplace fee to the users on the artwork selling price of every auction. Final Words Here listed, all NFT marketplaces offer the best value to your artworks, but in order to get the assumed price at a minimum fee, you’ll have to check the platform specialization, focus, fee structure, efficiency, and community type. blockchain Want to know more about NFTs or have any specific queries related to NFT? Let us know your thoughts in the comment section.

15 Top NFT Marketplaces To Check Out in 2022

If you don’t know already, NFTs are here to stay. A whole new market segment in crypto is born out of non-fungible tokens that represent immutable ownership of digital and real-world assets. At first, we mainly associated NFTs with trading cards, sports highlights presented by NBA Top Shots, and other digitally transformed artworks. As the market matured with more technology and creativity intertwining, we saw new verticals pop up, offering never-seen-before utility, scarcity, and status symbols. The parabolic growth in the NFT market is not only attributed to art or digital collectibles. There are close to nine different verticals in the NFT space, including avatar collections, DeFi NFTs, collateralized NFTs, virtual worlds, trading marketplaces, play-to-earn games, music NFTs, and many more streams being created utilizing different forms of utility. The total trading volume observed on marketplaces combined with games like Axie Infinity is over $16 billion to date. For comparison, in 2020, the total NFT sales accounted for $340 million. And according to , it is expected the NFT market will at least achieve $17.7 billion in trading volume by the end of 2021. Cointelegraph research What Spurred Such a Meteoric Rise in NFTs? It is true that NFTs act as a medium to help democratize digital asset creation and exchange. They can also be used to monetize player-owned economies or facilitate further growth in the creator economy by empowering independent artists and creatives to monetize their loyal fan base. From a business standpoint, brands and enterprises can leverage the global reach gained via NFTs to promote their products and services, as it is already a reality. So, NFTs don’t have any creative and commercial application limits. On top of this wide range of utility weapons equipped to NFTs, they also provide access to a strong community where members share the same vision and long-term approach towards NFTs. This is one main reason why NFTs caught fire so quickly. The best example of this would be . The generative profile pictures of uniquely dressed apes with multiple unique traits just crossed $1 billion in trading volume on OpenSea. Also, it is one of the top NFT collections to experience the biggest celebrity wave, sending the average price from $3,000 to $250,000 in less than seven months. The community has been and will continue to be the key driver for such NFT collections, considering the utility is provided through a promising roadmap. the Bored Ape Yacht Club With the rise of BAYC, we saw more collections taking on the 10K PFP collection approach. Some had similar success and others failed miserably. The point here is — people resonated with NFTs such as BAYC, MAYC, and CryptoPunks because they introduce emotion, scarcity, and authenticity in a single digital format on the blockchain. Additionally, they have a massive online community in pop culture to support the project and drive more attention. But there’s more. NFTs Go Beyond the Art World— What Else is Missing? The growth of NFTs is mind-blowing. But we have not seen any major sector outside the art industry take advantage of this revolutionary market-expanding technology. That is slowly changing now. As investors and mainstream users continue to see long-term value in NFTs, we can expect innovative use cases to emerge that go beyond digital art and status symbols. Some of the promising ones we see play out right now are music NFTs and in-game assets associated with play-to-earn games. No one can deny the impact NFTs are having on the gaming industry. In fact, some might say gaming and NFTs make a perfect marriage, given their ability to help users accrue value for the skill sets they possess. In the music industry, NFTs can potentially break down the barriers for independent artists and help them create new business models that compensate in an equitable way. Many artists are currently exploring new avenues involving crowdfunding albums and revenue-sharing programs, with fans owning particular NFT sets. Regardless of the emerging trends in NFTs, there still seems to be something missing. Most of the collections or projects manage to only target a niche community or limited consumer base that doesn’t necessarily have the global appeal. Now, it doesn’t mean PFP-based NFTs will not thrive in the future. But to tap into a mainstream fan base, we need something beyond ordinary art and collectibles. The largest untapped or underserved market in the NFT landscape is movies-oriented collections. The film industry probably presents the best fan bases in the world, giving actors, producers, and other creators a new way to promote movies and increase fan engagement with the help of NFTs. NFTs Need the Hollywood Touch If there’s one thing NFTs proved over the past year, it’s that they improve fan engagement and create more excitement in a community. Now imagine if a popular worldwide fan base gets introduced to NFTs. The rewards for creators and other crew members will be massive. And in the process, the fans interact with their favorite actors on a digital platform, and sometimes in person. For studios, this can act as a new avenue for marketing and film promotions. It is far simpler and more cost-effective to launch an NFT collection than traditional movie promotional activities. In addition, the possibilities with NFTs are endless. Filmmakers and producers can create various offers around their NFTs to increase ticket sales and overall viewership. Another amazing benefit of releasing movie-oriented collections is that fans will showcase their NFTs in public, creating more demand and free social promotions about the film or exclusive content launched by filmmakers or animators. Streaming films using NFT-controlled access cards could also be one possibility. to promote Spider-Man: No Way Home through an advanced ticket sale. Both partners also included 86,000 NFTs to early ticket buyers. The demand was so much that the AMC site couldn’t handle the traffic and ultimately extended the wait times for many buyers. Another film that has already launched its first NFT collection is Dune. The blockbuster movie partnered with Lineage Studios, iv gallery, and MakersPlace, to launch assets inspired by the Sci-Fi world in the form of NFTs. Every major production company will soon adopt such promotional campaigns. Sony and AMC theatres recently decided In 2021, we saw Warner Brothers take their movie promotions for The Matrix Resurrections a step further by dropping an avatar NFT collection. They planned to release 100,000 avatars for $50 each. With the growing popularity of NFTs and buzz surrounding the movie, all of them sold out while crashing the Nifty marketplace. The money collected from the primary sale is not significant because millions of fans buying NFTs drives more activity, engagement, and most importantly, aligns with your business goals. Outside of films, NFTs can help creators raise money for their films. By leveraging Defi protocols and NFT marketplaces, content creators can start crowdfunding for their video products by tokenizing or selling NFT sets. On top of acquiring required capital, creators can also build a passionate community that allows them to interact and distribute exclusive clips or content directly. So NFT-backed financing for films will be a game-changer for independent artists in the Hollywood industry. The Missing Puzzle Piece to Take Movie NFTs Mainstream The current NFT landscape involves a learning curve that many interested buyers must go through. But to seize the market opportunity in the movie industry, we need easy-to-use platforms that allow any user to purchase NFT assets seamlessly. It is also important for the NFT platform to have a marketplace functionality that supports all forms of media. It can be straight-up pictures, clips taken from a movie, or even audio files. We talked about uplifting independent artists through NFTs. So, the platform also needs to integrate a financing option to support new films with talented actors on board. is one such platform that finances projects in a decentralized way. It allows token holders of STARS, the native token of the movie marketplace, to vote on their favorite film. If the film turns out to be profitable, 50% of the profits will be distributed amongst token holders. Mogul Productions Along with an incentive mechanism for users, the platform should also be able to remove entry barriers in the form of gas fees. Mogul is planning to use a non-custodial gas-less wallet and will soon be integrated into the web platform. So, in essence, platforms with zero entry barriers with reward ecosystems like Mogul are needed to simplify NFT gamification in the movie industry. Movie NFTs: A Possible Massive Trend in the Near Future? NFTs have established themselves as a new asset class. And it is time to expand its functionality beyond art and tap into the most engaging audience present in the movie industry. Everyone can benefit from launching a unique NFT collection, from photographers to producers. Blockchain technology can transform many film operations from financing to marketing to preventing content piracy. So, we will likely see many brands and movie franchises jump on the NFT bandwagon to create sustainable revenue and promotional channels.

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MAKERSPLACE

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MAKERSPLACE

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MAKERSPLACE

EVERGREEN INDEX #6766

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