Topic: 🌐 NFTs & DeFi: Is This the End of Art Market Intermediaries? How to Invest? 🚀 (Read 101 times)
December 12, 2021, 06:22:13 AM
NFT markeplaces are DeFi
December 10, 2021, 09:41:58 AM
NFT is younger than DeFi but they have overlaps and many DeFi platforms have NFT marketplaces or have their own NFT projects.
So far after two years since 2020, DeFi shows that they are not born to die. It's fair to say bad DeFi projects will die but good DeFi projects will be very strongly as we can see. They are created in DeFi trend but they do provide us many amazing products. So if they do have real and good products, they have better chance to survive in bear market.
If they survive well in bear market, they have chance to grow in 2024 bull market.
So far after two years since 2020, DeFi shows that they are not born to die. It's fair to say bad DeFi projects will die but good DeFi projects will be very strongly as we can see. They are created in DeFi trend but they do provide us many amazing products. So if they do have real and good products, they have better chance to survive in bear market.
If they survive well in bear market, they have chance to grow in 2024 bull market.
December 09, 2021, 10:06:59 AM
SolSea is the first open NFT marketplace on Solana with integrated minting.
December 09, 2021, 08:58:31 AM
Anyone heard about Solsea?
December 09, 2021, 07:38:20 AM
Crypto collectibles is insane hype
Really trying to get into NFTs but its really hard
Anyone can help?
Really trying to get into NFTs but its really hard
Anyone can help?
December 09, 2021, 07:18:38 AM
I bought it 
December 09, 2021, 07:00:56 AM
Watch this... Beeple sold an NFT for $69 million
https://www.theverge.com/2021/3/11/22325054/beeple-christies-nft-sale-cost-everydays-69-million
https://www.theverge.com/2021/3/11/22325054/beeple-christies-nft-sale-cost-everydays-69-million
December 09, 2021, 06:22:02 AM
If you invested $1000 in Crypto Punks in 2017, it would worth $11 300 today
December 09, 2021, 06:04:36 AM
How to invest in NFTs?
Digital creations are unlimited in supply ... anything online can be copied and shared.
Digital creations are unlimited in supply ... anything online can be copied and shared.
December 09, 2021, 05:45:56 AM
The art market operates thanks to several categories of central intermediaries 
:
Decentralized finance, commonly known as DeFi, is a form of finance that does not rely on intermediaries
.
DeFi uses smart contracts based on a blockchain, it is actually a set of computer codes, defining the rules of a financial tool and executed on the nodes of the blockchain. Only blockchains supporting smart contracts allow executing these codes, such as Ethereum, Solana, Flow, BinanceSmartChain etc.
Rarible (on Ethereum) and TheMasterPiece (on Flow) projects are two examples of different applications, based on smart contracts to exchange NFTs.
Be careful, projects abound today and being able to determine the quality of NFTs on the market is more or less easy to discover. NFTs projects are very heterogeneous, and as in the art world, the quality conventions associated with them. It is not easy to navigate
:- market intermediaries to bring supply and demand into contact.
- financial intermediaries who produce the works or finance them.
- intermediaries who specify the quality of the work.
Decentralized finance, commonly known as DeFi, is a form of finance that does not rely on intermediaries
. DeFi uses smart contracts based on a blockchain, it is actually a set of computer codes, defining the rules of a financial tool and executed on the nodes of the blockchain. Only blockchains supporting smart contracts allow executing these codes, such as Ethereum, Solana, Flow, BinanceSmartChain etc.
- Initially, DeFi made it possible to do without traditional financial instruments managed by central financiers such as brokerage houses, stock exchanges or banks.
- Now with the emergence of the NFT market, it is no longer just cryptocurrencies that are traded through smart contracts but also Art.
Rarible (on Ethereum) and TheMasterPiece (on Flow) projects are two examples of different applications, based on smart contracts to exchange NFTs.
- Rarible (https://rarible.com/): Smart contracts written with the Solidity language make it possible to organize the exchange of NFTs and the distribution of royalties
- TheMasterPiece (http://themasterpiece.art/): On-Chain NFTs are pixels in TheMasterPiece, defined by position and color. Smart contracts, written in the Cadence language, allow to purchase, to design, and to resale pixels that make up a community work of art. There is no notion of royalties when reselling pixels, each new owner can express their art freely on their pixels.
Be careful, projects abound today and being able to determine the quality of NFTs on the market is more or less easy to discover. NFTs projects are very heterogeneous, and as in the art world, the quality conventions associated with them. It is not easy to navigate
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