WEEKLY NFT MARKET WRAP – 10 OCTOBER 2022
OPENSEA UNVEILED SEADROP, A NEW NFT DEPLOYMENT FEATURE
Great news to the people of OpenSea, as deploying NFTs to the platform was made more accessible! With the largest marketplace announcing ‘SeaDrop,’ a new open-source smart contract, users are no longer expected to deploy their own smart contracts whenever they launch their projects on OpenSea.
SeaDrop is more than just making the deployment process easier; it also brings in a new level of convenience for the benefit of the creators. The smart contract can set custom drop times for new collections and pieces and customize whitelists. Thanks to SeaDrop’s optimization, users can take advantage of lower gas fees when minting any type of NFT in bulk.
JUNJI ITO’S SINISTER TOMIE COMES TO THE BLOCKCHAIN
If you have trypophobia, you may not like Junji Ito’s works. But many are excited about the famous Japanese horror manga’s upcoming collection. Don’t you worry! The collection in subject doesn’t include any of those disgusting little holes. Yes, one of Ito’s characters ‘Tomie’ is set to have its own NFTs.
Powered by ANIMETA, an anime-centric NFT trading platform, the NFTs are announced to be dropped in the month of November. The pieces will showcase Tomie’s likeness, with each having varying traits generated algorithmically. There is not much information revealed to the public yet, but the news caught the eyes of Ito’s fans on Twitter. Many are skeptical about the announcement, and some wonder if the mangaka knows what NFTs are. Although the project came out immediately, garnering feelings of disappointment from the artist’s followers, there’s still a lot to know about the upcoming drop’s details.
META GOES FORWARD WITH NFT SHARING
This May, the public learned about Meta’s first steps in deploying NFT sharing capability to Facebook and Instagram. And now, it’s getting even more real. Instagram’s NFT capability is now enabled for all 100 countries participating in the digital collectibles program. At the same time, all users in the United States can now enjoy the full feature, including cross-posting to Facebook.
Users who got access to the feature can link 1 of 5 supported wallets (Metamask, Coinbase, Dapper, Rainbow, Trust Wallet) to the social media applications and consequently post their own NFTs for the world to see. With the apparent goal of Meta globally enabling NFT capabilities to their most prominent products, it’s only a matter of time before every user worldwide can also enjoy sharing and cross-posting their NFTs.
FRACTIONAL PROPERTY OWNERSHIP ON THE BLOCKCHAIN?
Let’s face it, it’s hard to buy a house nowadays. Although the real estate market in the U.S has seen its first price fall this year after over a decade, prices are still steep. With this piece of fact, one might wonder how they will ever be able to afford a house. Since the rise of NFTs, the possibility of tokenizing real-world assets has been ever-present. Now that possibility continues to materialize as Bonfire breaks into the space with an alluring selling point — fractionalized real estate ownership.
How does it work, really? First, Bonfire connects with a seller and then validates the property being sold. Once done, the platform will break up the property’s value into pieces in the form of tokens. These tokens will then be available for an average investor to buy. Holders can look at these tokens as a share and receive a portion of the property’s income proportionate to the value of the tokens they have in their wallets.
What Bonfire brings to the table is just some of the promises the blockchain brings along with its growth. It’s understandable to give room for the skeptics as the technology hasn’t reached its full maturity yet.
CREATE YOUR OWN NFT MARKETPLACE WITH NITLIFY
You know you can list your NFTs on marketplaces such as OpenSea, Rarible, Binance, etc. But how about creating your own NFT marketplace? You would think that you need to have coding knowledge to do it. Before, absolutely! Now? Not anymore. Niftify launches a groundbreaking innovation allowing business owners to create their own NFT marketplaces.
Niftify’s NFT marketplace builder offers a highly customizable environment, with everything configurable from design to the products and the terms of use. Potential users won’t have to worry about starting from scratch as the platform already has design templates and covers the intricate work for licensing and regulations. Niflify ensures its services are compliant and secure by constantly keeping the platform up-to-date with all legal and security requirements. Currently, Niftify operates on Ethereum and Polygon and is expected to expand soon.
