This is an article written by @dudewheresmytk

Introduced in December 2020, Spaces on Twitter are now a central thing on Web3. Everyday, thousands of enthusiasts, professionals, educators, creators and investors tune in during their daily duties.

The goals are diverse: learning fresh information, even before the main media, hearing some alpha leaked by some excited staff during a presentation, get together to have real-time market discussions or even chill ones, where you may have access to influential figures with relative ease.

The crucial turning point is that Cripto Twitter Spaces keep its growth on importance, the same way that podcasts did in web2, but completely realigned with web3 interests and particularities.

Twitter Spaces and NFT Collections

Perhaps, Spaces are even more important for NFT Collections than for web3 overall. The fundamental role it plays between Creators and Holders cannot be ignored.

For many, NFTs are a hobby, a ticket to a nice club and of course, a way to earn some extra cash. From general project vibe to their specific plans and roadmap, from the team’s relationship to the community engagement, the most vital things for collections can be set during Twitter Spaces. Sometimes, they’re the most comfortable touching point between them.

For non-holders, it can be that last push needed to take the buy-in decision. Deep interactions, long chat discussions that last days and other time consuming activities within the community may not be an option for some.

The onboarding process is more digestible and friendly this way, like talking to a friend about some cool project you’ve discovered. And that’s exactly what collections on Polygon are going for.

What is the Polygon NFT ecosystem doing?

Amidst bluechip collections floor melting, holders unsatisfied, class action lawsuits threats, liquidity escape and many other menaces to the Ethereum NFT ecosystem, where our baselines to what to expect where defined, Polygon seem to remind what it was all about, and what got us to where we are today.

“I did it ‘For the Culture’”

This was where everything started. Just doing things for the sake of it. The gains come as a result of good work, of developing your brand, of making something awesome and bringing it to the world in ways that satisfies people. And that’s what many have been doing.

Twitter Spaces they’ve been building are a place to connect, share, help and diffuse the fuel that imbues these collections: Good Vibes.

Sweep n' Flip on Twitter: "🔥 Liquidity Pools are on fire 🔥👉 Tonight we are going to talk about @DeNutzNFT #yields on Sweep n' Flip!WE SWEEP, WE FLIP, WE NUTZ!🔗 Join us: https://t.co/mgcAQx3oKh pic.twitter.com/zKbNXQ2zjA / Twitter"

🔥 Liquidity Pools are on fire 🔥👉 Tonight we are going to talk about @DeNutzNFT #yields on Sweep n' Flip!WE SWEEP, WE FLIP, WE NUTZ!🔗 Join us: https://t.co/mgcAQx3oKh pic.twitter.com/zKbNXQ2zjA

This article was made to praise some of the best Spaces and Hosts out there, and everything they’ve been building in this amazing space.

Polygon Village 🤝🏻 Office Hour

onPolygon on Twitter: "https://t.co/qlZIX0bmEy / Twitter"

https://t.co/qlZIX0bmEy

A Space made to disclose and connect the community to Polygon Village Ecosystem Support Program, which is based in four pillars:

Support — in the form of free or discounted services, infrastructure and providers.

Mentorship — Connect multiple creators and builders in the space as mentors to new coming or early projects.

Education- DCamp — Crash course in cripto-native project management and entrepreneurialism.

Visibility — Use many avenues at disposal to showcase the projects being built on Polygon.

The first edition of this weekly Space was hosted by various mentors already on the project, being a great place to discover about how they work and how to get yours going. Every Monday 12pm ET.

Weekly catchup @drillclubnft

DRILL CLUB on Twitter: "https://t.co/xeQDjgh38B / Twitter"

https://t.co/xeQDjgh38B

A weekly Space to quickly recap what has happened during the week on/for the Drill Club community.

From true community moments that happened, to @Sallly_art artwork direction insights, everyone is welcome to join in, and talk about their experience being a part of the community.

Rekt Dogs and Chill

Rekt Dogs on Twitter: "https://t.co/ylhezUOg2L / Twitter"

https://t.co/ylhezUOg2L

Nothing but good vibes. It has live music, market discussions, project management advice, alphas (NFA), cool people, a lot of builders and best of all, the first one was not recorded.

Definitely one of the best Spaces for everyone looking to be more engaged within the Polygon collections ecosystem. Follow @rektdogs on twitter and ring that bell to tune in, usually Mondays 7pm ET.

WAGMI Time

Sweep n' Flip on Twitter: "https://t.co/mgcAQx3oKh starting rn fam / Twitter"

https://t.co/mgcAQx3oKh starting rn fam

The Sweep n’ Flip team’s official weekly Space, where our beloved trio of hosts get together to talk about the week, what’s happened and what we’ve got brewing.

And of course, it wouldn’t make to this list without the freedom for the audience to join in as speakers and speak their hearts!

Feel free to do it yourself and tune in every Tuesday at 5pm ET.

That’s all for today folks, and if there’s a relevant space for you that you didn’t see here, let us know for a part 2, we need all the recognition needed, given! See you next time!

Twitter Spaces and Polygon NFT Ecosystem was originally published in Nftfy on Medium, where people are continuing the conversation by highlighting and responding to this story.

The CryptoRastas collection is not just another NFT collection; it’s a vibrant community rooted in love and unity. Created by Digitaldubs, a renowned sound system with two decades of experience in the reggae scene, this project combines art, music, and collaboration with reggae artists from both the legends and the new generation.

With a deep understanding of reggae culture, the creators have infused each character in the collection with a concept and story behind it

These characters, inspired by people who live and breathe reggae culture worldwide, exhibit different traits and rarity levels.

From unique hairstyles and hats to accessories, each avatar has its name and bio, adding depth and individuality to the collection.

“In every generation, they have fought against oppression. Now, it’s our turn to fight for freedom through art and culture.” — Bob Marley.

One of the highlights of the CryptoRastas collection is its official collaborations with reggae legends. Icons like Lee “Scratch” Perry, Augustus Pablo, Cedric “Congos,” Kabaka Pyramid, Dada Yute, and many more have joined forces with the project, making it an extraordinary endeavor.

The collection boasts 200 collaborations, ensuring a diverse range of artistic expressions

To celebrate this union of reggae culture and NFTs, the Crypto Rastas collection has organized an auction featuring esteemed artists such as Anthony B, Cali P, Jah9, Jah Mason, Jesse Royal, Million Stylez, Ranking Joe, R. Zee Jackson, Sugar Minott, and Yaadcore. By breaking digital barriers, the collection benefits the artists and the music scene and supports Jamaican and diaspora artists, Rasta organizations, and youth projects in the physical world.

The Crypto Rastas collection comprises 10,420 unique avatars blessed on the Ethereum blockchain.

The generative art collection with 10,220 avatars, each with varying levels of rarity, has already sold out and is available for trade on OpenSea. Additionally, a limited edition of 200 official collaborations with reggae celebrities will soon be auctioned, adding even more exclusivity to the collection.

Excitingly, the Crypto Rastas collection has taken a groundbreaking step by launching a liquidity pool on the Sweep n’ Flip AMM

This move brings decentralized finance (DeFi) to the collection, providing an innovative and utility-driven feature. NFT holders can now become liquidity providers, earning fees and creating financial incentives for holding their NFTs.

Sweep n' Flip on Twitter: "Engaged community = Great utilities! 🔥⚡️ @cryptorastas will be the first collection to benefit from our AMM. IT'S A RASTA LIQUIDITY POOL!🫡 Now, all rastas who have incredible NFTs w/ incredible traits can take the opportunity to value the collection and even earn fees! pic.twitter.com/KJGyfWiOWJ / Twitter"

Engaged community = Great utilities! 🔥⚡️ @cryptorastas will be the first collection to benefit from our AMM. IT'S A RASTA LIQUIDITY POOL!🫡 Now, all rastas who have incredible NFTs w/ incredible traits can take the opportunity to value the collection and even earn fees! pic.twitter.com/KJGyfWiOWJ

Introducing a liquidity pool brings several significant benefits to the Crypto Rastas collection and the broader NFT market. Firstly, it increases liquidity, allowing for smoother and faster buying and selling of NFTs. This enhanced liquidity also contributes to a more stable market and ensures a steady floor price for Crypto Rastas NFTs, benefiting existing holders and new investors.

The pool’s profitability for liquidity providers is another advantage

By contributing their NFTs or ETH to the pool, holders can passively earn a portion of the trading fees generated by the AMM. This not only incentivizes holding but also provides an opportunity for passive income generation.

Moreover, the Crypto Rastas pool on the Sweep n’ Flip AMM makes it easier for newcomers to enter the market. They can directly purchase NFTs from the pool using ETH, simplifying the process and removing potential barriers to entry.

This accessibility is essential for expanding the reach of the Crypto Rastas collection and attracting new holders and enthusiasts.

Launching the first NFT pool on the Sweep n’ Flip AMM is a significant milestone for the NFT market

It signifies the growing maturity and mainstream adoption of NFTs, attracting attention from both existing participants and newcomer.

Ready to explore the exciting world of Sweep n’ Flip and the AMM? Join our Discord community now to discover more about this innovative platform and engage in enriching discussions. Don’t miss out on the chance to expand your knowledge and be part of the growing ecosystem!

Join us on Discord today!

https://discord.gg/Bam9R3dBZZ

THE CRYPTO RASTAS NFT COLLECTION IS NOW ON SWEEP N’ FLIP AMM was originally published in Nftfy on Medium, where people are continuing the conversation by highlighting and responding to this story.

The concept of blue-chip NFTs refers to non-fungible tokens whose value has skyrocketed, and market observers predict that these digital assets will maintain their high valuation for a long time. However, some collections of NFTs, particularly PFPs (profile picture projects), are losing steam and suffering from declining valuations. This article will explore this phenomenon and discuss potential solutions.

The Cool Cats NFT collection reached a peak value of 0.75 ETH, despite launching secondary collections such as Shadow Wolves and CCFC. However, at the end of January 2022, the floor price was 15 ETH.

The Doodles collection currently has a value of approximately 2.3 ETH, but an announcement was made to the community incorrectly, and the floor price had been as high as 23.9 ETH. In addition, the founders stated that Doodles was no longer an NFT project, but instead, it would become a leading media franchise, which did not please the NFT speculators.

Moonbirds was another project that experienced a decline in value, dropping from a high of 38.5 ETH to 2.5 ETH today. The founder announced that the collection would become cc0, despite some holders signing contracts for image rights. While the BAYC collection has sustained itself well, its value has decreased from just over 150 ETH to 50 ETH.

In contrast, collections such as Punks, Alien Frens, and Pudgy Penguins have maintained value due to their historical significance and artistic context. However, most PFP collections have struggled to sustain their communities due to the inherent nature of speculation. Community building is challenging to sustain in the long term, and a community’s declining membership and capacity for construction can cause abrupt market declines.

To mitigate this issue, collections have employed various tactics such as giveaways, secondary collections, games, access to events, and clothing. However, these resources can only last for a certain period. In the long term, collections that focus on branding and a greater purpose are more sustainable. Nouns is a prime example of such a collection that is not centralized and has a clear purpose.

Community building is not solely about providing resources and waiting for holders’ support, but it is about creating an environment of construction. Unfortunately, most PFP servers lack a platform for holders to express their ideas and opinions, indicating a lack of genuine community involvement.

In conclusion, NFT PFP collections are experiencing a decline in value and community involvement. While some collections have maintained weight due to historical significance, collections that focus on branding and a greater purpose are more sustainable in the long run. The key to sustaining a community is not merely providing resources but fostering an environment of construction and encouraging holders’ active participation.

The Rise and Fall of Blue-Chip NFTs: A Focus on PFP Collections was originally published in Nftfy on Medium, where people are continuing the conversation by highlighting and responding to this story.

What is AMM?

Automated Market Maker (AMM) is a decentralized trading protocol that uses algorithms to set the price of assets. Instead of relying on a centralized order book, AMM uses liquidity pools to facilitate trades.

These pools are filled with crypto assets that the AMM uses to trade with people buying or selling one asset for another. An AMM NFT marketplace allows traders to buy or sell their NFTs through liquidity pools.

What is a Liquidity Pool?

A liquidity pool is a collection of assets locked into a smart contract on a blockchain network. The assets in the pool are used to facilitate trades, and the pool itself determines the price of the assets being traded.

How to Use a Liquidity Pool in AMM NFT?

To use a liquidity pool in AMM, users deposit an equal value of two assets into the pool. For example, if you want to trade an NFT for ETH, you’ll deposit an equivalent worth of NFTs and ETH/another token into the pool.

The pool then determines the price of the NFT based on the available supply and demand in the pool. You can buy or sell NFTs at the current market price, which is determined by the AMM algorithm.

What is Impermanent Loss?

Impermanent loss occurs when the price of tokens inside an AMM changes relative to their pair between when they are deposited in the liquidity pool and when they are withdrawn.

This means that holding tokens in an AMM can result in impermanent loss compared to holding them in your wallet. Impermanent loss is called “impermanent” because the losses only become realized once you withdraw your coins from the liquidity pool.

How to Mitigate Impermanent Loss in AMM?

One way to mitigate impermanent loss is using an “ IL protection strategy.” IL protection strategies involve depositing both tokens in a liquidity pool so that the value of the assets remains balanced. This approach can minimize the impact of price changes on individual assets in the pool.

Benefits of Liquidity

Liquidity’s benefits include instant trades, increased transparency, and higher earnings for sellers. In addition, liquidity enables traders to buy or sell their NFTs instantly without waiting for someone to agree to their price.

This means that NFT AMMs like Sweep n’ Flip can increase the liquidity of the NFT market, making it easier for more people to participate in trading.

How does NFT AMMs Increase Liquidity Compared to Traditional NFT Marketplaces?

NFT AMMs increase liquidity compared to traditional NFT marketplaces by automating the trading process. Traditional NFT marketplaces require a buyer and seller to agree on a specific price for an NFT, and the marketplace acts as a middleman to facilitate the transaction.

NFT AMMs, on the other hand, use an Automated Market Maker (AMM) model to enable assets to be traded using crypto liquidity pools as counterparties. This means that the AMM automatically sets asset prices based on supply and demand, allowing traders to instantly buy or sell their NFTs through liquidity pools without waiting for someone to agree to their price.

Examples of NFT AMMs

There are several examples of AMMs for NFTs, including SudoSwap, a decentralized, on-chain NFT exchange using an AMM model. Sudoswap allows LPs to deposit NFTs and/or ETH into liquidity pools and then buy or sell NFTs instantly.

Another example is the Liquidity Book, a new kind of AMM designed by the team behind Trader Joe, the largest DEX on Avalanche. The Liquidity Book protocol uses a form of AMM that allows for more efficient price discovery and lower slippage. Uniswap is a popular AMM that allows exchanging ERC-20 tokens, including NFTs.

Uniswap uses a constant product formula to determine the price of tokens in the liquidity pool, and it has become one of the most popular AMMs in the DeFi space.

NEWS NEWS

An NFT marketplace aggregator with automatic flipping and hassle-free UX is coming.

With an Automatic Market Maker (AMM) integrated into Sweep n’ Flip, the platform could provide base liquidity for NFT collections, making it easier for traders to buy and sell NFTs instantly. Using an AMM protocol, Sweep n’ Flip could leverage liquidity pools to enable frictionless and low-cost transactions. This would significantly improve the user experience by allowing traders to execute trades easily without worrying about the market's lack of liquidity.

BUT WHY DO U CARE ABOUT UX?

Furthermore, with an AMM, Sweep n’ Flip could offer a broader range of decentralized financial services to NFT traders. This would incentivize LPs to deposit NFTs and/or ETH into the liquidity pools, thereby providing more liquidity to the market and enabling traders to buy and sell NFTs more easily.

Overall, integrating an AMM into Sweep n’ Flip would be a game-changer for the platform, making it the go-to destination for hassle-free NFT trading with improved liquidity and additional decentralized financial services.

Make sure to stay tuned for our upcoming launch of the Automated Market Maker (AMM) integration to the Sweep n’ Flip platform.

Join our community and be the first to know when the AMM goes live!

🫂 Join our discord group to follow all the news.

Follow us: Instagram | Twitter | Youtube | LinkedIn

NFT Automated Market Maker (AMM) was originally published in Nftfy on Medium, where people are continuing the conversation by highlighting and responding to this story.

In the last week, NFTFY had the privilege of participating in two major crypto events in Brazil: Ethereum Rio and ETHSamba Hack.

These events provided a fantastic opportunity for us to connect with the community, share our knowledge, and learn from others in the industry. As a company, we believe that events like these are critical for the growth and development of the crypto industry.

While much of the work in the space happens behind screens, these events allow us to come together, share ideas, and form connections that can help drive the industry forward. Our team members had some fantastic accomplishments at these events.

NFTFY’s Presence at Ethereum Rio and ETHSamba Hack: A Showcase of Community Power

Our Community Manager, Victor Cioffi, had a fantastic accomplishment at ETHSamba Hack, where they won the hackathon with a project that guarantees the succession of someone’s heritage using Chainlink, Account Abstraction, and Smart wallets.

This project is a testament to the power of innovative thinking and collaboration within the crypto community. We’re incredibly proud of him and his work and excited to see how this project can help shape the industry's future.

BeInCrypto BR/PT on Twitter: "Bom dia e feliz Domingo, comunidade!O @ethsamba vem dando o que falar esse final de semana!🕺💃E pra finalizar em grande estilo, apresenta projeto que criará wallet para herdeiros!💰#ethereumrio2023 #ethsambahttps://t.co/BhH5ff283Z / Twitter"

Bom dia e feliz Domingo, comunidade!O @ethsamba vem dando o que falar esse final de semana!🕺💃E pra finalizar em grande estilo, apresenta projeto que criará wallet para herdeiros!💰#ethereumrio2023 #ethsambahttps://t.co/BhH5ff283Z

Our Marketing Manager Daniela represented the BR PUNK community and discussed important topics like hyperinflation and hyperbitcoinization with Guiriba from Paradigma Education at ETHSamba Hack.

And our Social Media Manager, Gabriella, was present at both events, providing excellent coverage and insights.

DAOS: from chaos to organization

Our Community Manager João Kury stole the show with his insightful presentations on DAOs. João spoke at both events and even gave a special talk during a side event by Polygon at Ethereum Rio. His talks gave attendees a deep understanding of DAOs and how they can be used in the crypto world.

Agenda Crypto on Twitter: "3/5 Na Seguencia tivemos a palestra de DAOs e Privacidade com @guiribabrb e @cripto_nita_ 4 pic.twitter.com/eA3i2Ogfp6 / Twitter"

3/5 Na Seguencia tivemos a palestra de DAOs e Privacidade com @guiribabrb e @cripto_nita_ 4 pic.twitter.com/eA3i2Ogfp6

ETHSamba Hack was one of Brazil's largest hackathons, resulting in many exciting and innovative projects. This event showcased the incredible talent and creativity within the Brazilian crypto community, and it demonstrated how hackathons could be a powerful force for innovation and collaboration.

Hackathons are where innovation meets collaboration, and where ideas become reality.

Hackathons like this allow developers, entrepreneurs, and crypto enthusiasts to collaborate and work on projects that can help shape the industry's future. They allow people to experiment with new ideas, learn new skills, and form connections that can lead to new partnerships and collaborations.

Events like Ethereum Rio and Ethereum Samba Hack provide a platform for companies like ours to showcase our work and contribute to the larger conversation. They also help build a sense of community and camaraderie within the industry, which is vital for the growth and development of the space.

We’re incredibly grateful for the opportunity to have participated in these events and can’t wait for the next one. We’re committed to contributing to the crypto community meaningfully and working towards a future where blockchain technology is accessible to everyone.

Thank you to everyone who organized and attended these events, and we look forward to seeing you at the next one!

🫂 Join our discord group to follow all the news.

Follow us: Instagram | Twitter | Youtube | LinkedIn

From DAOs to Hackathons was originally published in Nftfy on Medium, where people are continuing the conversation by highlighting and responding to this story.

We’re thrilled to announce the launch of Sweep N’ Flip, the latest product from NFTFY that’s designed to make NFT trading simple and accessible for traders of all levels!

Sweep N’ Flip is a tool that’s specifically designed to streamline the NFT trading process. It’s easy to use and can help you save time and effort so that you can focus on the things you love. We’re excited to share this tool with the community and hope it will help you take your NFT trading to the next level.

To celebrate the launch of Sweep N’ Flip, we’re hosting two exciting launch events on our Discord server:

• The first event will occur today (23rd March) at 7:00 PM (BRT) in Portuguese
• The second will occur tomorrow (24th march) at 10 pm (UTC) in English

Join here

These events are open to everyone, and we encourage you to join us to win famous NFTs and other surprises!

At the events, you’ll have a chance to meet the team and learn more about the development process behind Sweep N’ Flip.

You’ll also have a chance to connect with other NFT traders and discuss the industry’s latest trends and best practices. We look forward to sharing this exciting moment with the community and can’t wait to see you there!

The beta version is available now if you want to try out Sweep N’ Flip. You can visit the platform to learn more and get started. We welcome your feedback and suggestions as we continue to develop the tool and improve its functionality.

Sweep n' flip

To join the launch events, simply click on the Discord links

To join the events, simply click on the Discord links below:

🎉 For the Portuguese event today at 7 PM (GMT-3), click here

🎉 For the English event tomorrow at 10 PM (UTC), click here

In conclusion, we invite you to join us in celebrating the beta test launch of Sweep N’ Flip. Our all-in-one platform is designed to streamline NFT trading for traders, and it can potentially revolutionize the NFT market. So, what are you waiting for? Come and be part of the Sweep N’ Flip community today!

Spread the word to your friends and colleagues who may be interested in NFT trading!

We can’t wait to celebrate with you!

Follow us: Instagram | Twitter | Youtube | LinkedIn

Sweep N’ Flip: Open Beta Test is now available! was originally published in Nftfy on Medium, where people are continuing the conversation by highlighting and responding to this story.

The rise of non-fungible tokens (NFTs) has created a new art collection era, changing how we perceive and value digital art. NFTs are unique digital assets verified on a blockchain, meaning they cannot be replicated or duplicated. As a result, fine art represents an exciting new medium for artists to express their creativity and monetize their work. But when did this phenomenon start?

The First NFT of Fine Art

One of the first NFTs of fine art created was Genesis by Trevor Jones. This digital painting depicted a hybrid figure, a cross between Ethereum’s mascot, the CryptoKitty, and Jones’ self-portrait, holding the iconic Lamborghini logo. The work was auctioned for $100 worth of ETH, marking the beginning of a new era in digital art.

“Art is not what you see, but what you make others see.” — Edgar Degas.

The Largest NFT of Fine Art

Fast forward to 2021, and the world witnessed the largest sale of an NFT of fine art in history. The artwork was a digital collage by the artist Beeple, entitled “The First 5000 Days,” which sold for $69 million at Christie’s auction house in March of that year. This milestone sale made Beeple the third most valuable living artist and placed NFTs at the forefront of the art world.

NFT Marketplaces and Auction Houses

NFTs are typically sold on online marketplaces, where buyers can browse and purchase them much like any other product. Some popular NFT marketplaces include OpenSea, Rarible, and SuperRare. These marketplaces allow artists to sell their work directly to collectors, bypassing the traditional gallery system.

However, NFT auction houses, such as Christie’s and Sotheby’s, operate much like traditional art auction houses. These auction houses host high-profile sales of NFTs, often featuring the work of well-known artists. While NFT marketplaces are accessible to anyone, NFT auctions tend to attract a more exclusive clientele.

Advantages and Disadvantages of NFT Auctions

One of the most significant advantages of selling NFTs through an auction house is the publicity that comes with it. High-profile sales at auction houses like Christie’s and Sotheby’s generate a lot of media attention, which can increase an artist’s visibility and credibility. Additionally, these auction houses typically have a well-established network of collectors and investors, which can result in higher sale prices.

However, there are also some drawbacks to selling NFTs through an auction house. For one, auction houses typically charge a commission on sales, which can cut into an artist’s profits. Additionally, the exclusivity of NFT auctions means that not all artists will have the opportunity to sell their work through these channels.

In conclusion, the history of NFTs of fine art is still being written. From the humble beginnings of Trevor Jones’ “Genesis” to Beeple’s $69 million sale, NFTs have taken the art world by storm. NFT marketplaces and auction houses provide opportunities for artists to showcase their work, and it’s up to each artist to decide which path to take.

“Art should comfort the disturbed and disturb the comfortable.” — Cesar A. Cruz.

🫂 Join our discord group to follow all the news.

Follow us: Instagram | Twitter | Youtube | LinkedIn

NFTs and Fine Art was originally published in Nftfy on Medium, where people are continuing the conversation by highlighting and responding to this story.

Optimize your NFT trading by sweeping the floor, flipping NFTs, setting flexible profit margins, and enjoying a hassle-free trading experience.

NFTs (Non-Fungible Tokens) are unique digital assets representing items or digital artworks that can be bought, sold, and traded like any other asset. NFTs have become increasingly popular recently, with artists, collectors, and investors worldwide participating.

Two daily actions traders perform in the NFT market are sweeping the floor and flipping NFTs.

Sweep the Floor

Sweeping the floor is a strategy investors and traders use that involves buying low-value NFTs in large quantities to obtain rewards in cryptocurrencies or other assets. These rewards are typically offered as part of incentive programs known as “yield farming” or “liquidity mining.”

By buying low-value NFTs, investors can accumulate these rewards in practice, known as “sweeping the floor,” as they believe in what is considered the “dust” of the NFT market. This strategy can be quite profitable if the rewards are high enough and the price of the purchased NFTs remains stable.

NFT Flipping

On the other hand, flipping NFTs is a strategy that involves buying NFTs to sell them for a higher price in a short time. This strategy is similar to cryptocurrency trading, where traders buy low and sell high to make a profit.

Flipping NFTs can be riskier than the floor-sweeping strategy, as it involves buying more expensive assets with the expectation that their value will increase quickly. However, the potential profits are also higher.

Revolutionizing your NFT experience with Sweep n’ Flip

Protocols such as Sweep N’ Flip by NFTFY have been created to simplify and optimize these actions. This protocol allows users to sweep the floor and buy NFTs. Additionally, the protocol offers tools to automate buying and selling NFTs, making flipping NFTs easier.

With Sweep n’ Flip, users can maximize their profit potential in the NFT market with less risk and effort. The protocol is also designed to offer transparency and security to users, protecting them from scams and fraud in the market.

Sweep n' Flip on Twitter: "⚡️NFT Flipping | Made Simple🚀Delivering the best of NFT liquidity and maximum simple usability.👉Beta Test https://t.co/ebR8DLhYyA#nft #tradingnft #nfttrade #sweepthefloor #flipnft #amm #nftprotocol #airdrop #ethereum #dapp pic.twitter.com/HNElasjqjx / Twitter"

⚡️NFT Flipping | Made Simple🚀Delivering the best of NFT liquidity and maximum simple usability.👉Beta Test https://t.co/ebR8DLhYyA#nft #tradingnft #nfttrade #sweepthefloor #flipnft #amm #nftprotocol #airdrop #ethereum #dapp pic.twitter.com/HNElasjqjx

Sweep n’ Flip brings exciting benefits that make NFT trading more straightforward, faster, and profitable. Here are just a few of the benefits you can expect when using it:

• Complete Platform: Our platform provides a comprehensive suite of tools to buy and sell NFTs, ensuring you have everything you need in one place. You can set your desired profit margins, and the protocol will handle the rest, making your trading experience smooth and hassle-free.
• Flexible Profit Margin Settings: Another exciting feature of Sweep n’ Flip is the ability to set your profit margins. You can decide on the profit you want on each sale; the protocol will help you achieve it. This feature gives you greater control over your trading strategy, enabling you to optimize your profits.
• Simple Usability: The web3 space can be confusing and challenging, but Sweep n’ Flip makes it simple. Our user-friendly platform is designed to be easy to use, allowing you to trade NFTs easily, regardless of your experience level.

In summary, Sweep n’ Flip is the perfect solution for anyone looking to streamline their NFT trading experience. With our platform’s innovative features, you can set flexible profit margins, and enjoy a hassle-free trading experience. So join us today and take the first step toward success in the NFT market!

We're in Beta Test!

Simple tasks, big rewards. Flippers are going to flip, and early adopters are going to earn!

Join us as a beta tester for NFTFY’s Sweep n’ Flip and experience the benefits of using our cutting-edge protocol.

As a tester, you’ll be able to provide valuable feedback and insights while gaining early access to the latest features and updates. Don’t miss out on this chance to shape the future of NFT trading!

⚡ Sign up now for our beta test at www.sweepnflip.io/ or crew3!

CREW³ | The #1 operating system for web3 communities

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Sweep n’ Flip was originally published in Nftfy on Medium, where people are continuing the conversation by highlighting and responding to this story.

And the interviews with our team members continue!

Find out more about how the NFTFY Team started in web3, NFTFY, and their journey across the ecosystem.

We highly value our team and know we can conquer the world together. But understanding more about the lives of each of them is an essential step towards achieving everything we want and going further and further (to infinity and beyond 🚀).

So come with us to learn more about our dev, Luan!

1. How was the beginning of your journey on web3?

My beginning was through a freelance in a Defi app called Ghost Finance. I was the only full-time developer on the team, but I had a mentor in Solidity. He taught me a lot; with that, I could learn, work and develop as a Dev Web3.

2. What is your view on the crypto ecosystem?

The democratization of innovation allows anyone to develop something for themselves or for a community to help and revolutionize.

3. What are the reasons that made you continue on web3?

Innovation.

4. How was your trajectory within NFTFY?

I’ve been working at NFTFY for three months, but I've already learned much about web3 there!

5. What does NFTFY mean to you?

A huge tool aggregator in the NFT ecosystem.

6. What is your view on NFTFY products?

We still need to organize ourselves to build something that impacts the market! But we're building!

7. Do you have plans and dreams for the future within the ecosystem?

I plan to specialize in ​​the development area and help team members develop increasingly.

Thanks for reading! If you have any questions, join our discord and chat with us!

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Meet Luan, our dev! was originally published in Nftfy on Medium, where people are continuing the conversation by highlighting and responding to this story.

In mid-2014, the first NFT projects began to emerge. However, in that period, the token standard that prevailed on the Ethereum network for this type of application was the so-called ERC-20, which had the characteristic of being a fungible token.

But in 2017, a new token standard emerged on the Ethereum network, the ERC-721 standard. Unlike the ERC-20, the ERC-721 brought the characteristic of giving a non-fungible token, hence the famous NFT (Non-Fungible Token).

Most of the NFTs we know today on the Ethereum network are ERC-721 tokens with unique characteristics that do not allow their replacement. Today, there are still several types of tokens, such as ERC-1155, a multi-token standard that combines the attributes of the ERC-20 and ERC-721 token standards. It is a common token and intelligent contract interface for various Ethereum tokens: fungible, semi-fungible, and non-fungible.

But NFTs can also be found and purchased on other networks, such as the polygon network, a blockchain that has been gaining much strength and popularity lately.

Why is Polygon doing so many partnerships?

However, the main point is that most networks work according to EVM and use the technology of the Ethereum network. This is one of the reasons why the emergence of NFTs on the bitcoin network has generated such commotion and speculation in recent days. Another reason, of course, is that the bitcoin network did not support NFTs, and its maximalist followers needed to be more adept at this asset.

But then what changed? And how has it changed?

It all started with the launch of Taproot, a feature of the Bitcoin Core (BTC) network, which allowed data to be recorded on-chain by any holder of a full node on the network. With that, the Ordinals protocol also emerged, which created a wallet dedicated to registering NFTs using Taproot to immortalize data on the network.

The big difference between the NFTs on the bitcoin network is that bitcoin doesn’t have a different token standard like the Ethereum network. What the Ordinals protocol does is create an inscription. That is, it tracks and identifies each of the satoshis and assigns unique characteristics. Remembering that 1 #BTC = 100 million satoshis.

The Ordinals project assigns these characteristics as common, non-common, rare, epic, legendary, and mythic, depending on the occurrence in which that satoshi was produced. With the mechanism to track and identify each satoshi, it is now possible to register files in these small spaces.

But does the bitcoin network support NFTs?

Unlike traditional NFTs, where the image and metadata are uploaded to a third source, such as IPFS, here both the metadata and the image are recorded directly on-chain, linked to a specific satoshi. This causes the network to be overloaded, already having an entire block with just one transaction.

Now that you understand more about it, are you bullish or bearish on Bitcoin NFTs?

Glossary

https://nftnow.com/news/bitcoin-ordinals-wallets-have-arrived/

https://cointelegraph.com/news/how-the-ordinals-movement-will-benefit-the-bitcoin-blockchain

https://decrypt.co/resources/what-are-ordinals-a-beginners-guide-to-bitcoin-nfts

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NFTs on the Bitcoin network? What are the Ordinals? was originally published in Nftfy on Medium, where people are continuing the conversation by highlighting and responding to this story.