Today, innovative technologies such as ideas of a digital environment or Metaverse are rapidly growing as the result of the boom of adoption of blockchain technology across industries, especially in artworks.
Gamma is built to become a hub for the world’s Web3 social identity, centered around NFTs.
The platform is working to be the home for collectors, creators, and investors, where they can explore trade, and showcase extraordinary NFTs through the Bitcoin ecosystem.
NFTs (non-fungible tokens) play an important role in the digitization of art as well as the strengthening of tech communities.
Let’s jump right into Gamma!
What is Gamma All About?
When talking about buying, selling, or trading NFTs, you may think about the Ethereum blockchain, the most popular choice for NFT platforms.
However, Gamma is an open NFT marketplace on the Stacks blockchain, a blockchain that brings smart contracts to Bitcoin.
A lot of marketplaces designed to allow traders to sell, buy and mint digital assets have been born and become popular. One of such platforms is Gamma, an exciting Bitcoin NFT marketplace.
Launched in September of last year as STXNFT.com, Gamma is the third letter of the Greek alphabet, for the third phase of the web: Web 1.0, Web 2.0, and now, Web3.
As the leading destination for Bitcoin-secured NFTs, the platform consists of three core products that make it stand out and deliver maximum value to users. It is for creators and collectors to come together, on a user-owned internet.
In addition, the platform also provides a minting platform for creators to launch their NFT collections without any code as a social platform.
Gamma: The Products
Gamma offers three products:
- A user-first marketplace that helps new and existing NFT explorers to collect extraordinary NFTs secured by Bitcoin, which has long been known as the most trusted and decentralized settlement layer for digital assets to date.
- Therefore, Gamma gives users premium support in their learning to make sense of the Bitcoin-NFTs marketplace.
- Gamma’s second core product is a creator-first launchpad for artists to deploy fully tested, creator-owned, no-code smart contracts in little to no time.
- As such, it allows the creator-first product to debut smart contracts in mere minutes.
- To make sure Gamma’s platforms are user- and creator-first, its launchpad is to ensure creators have fully owned and controlled their custom NFT smart contracts.
- For this reason, the platform cannot censor contracts or prevent creators from using their smart contract on any other platform or for any other purpose.
- The last one is a social platform that brings together creators and collectors in an engaging and Web3-native way.
What Makes Gamma Outstanding?
As Gamma is built to support a user’s existing decentralized identity, it doesn’t require users to create a Web 2.0 style account but uses the most privacy-focused methods.
The platform supports BNS names without requiring users to sign up or give up data to use the platform. These methods include ditching tools like Google Analytics, as well as the most popular and free website analytics tool for privacy-focused tools like Fathom.
In addition, as being built on Stacks, a programming layer that settles smart contract interactions on Bitcoin as a base layer, Stacks’ framework and consensus mechanism allow Gamma to leverage Bitcoin as a secure settlement layer.
Moreover, it also can read the state of the Bitcoin blockchain. As a result, native BTC transactions can trigger Stacks smart contracts interactions without requiring a user to hold the Stacks smart contract gas token.
How To Get Started with Gamma?
You’ll need to first set up a wallet and fund it with $STX to mint an NFT on Stacks.
The crypto is available for purchase on exchanges such as OKCoin, KuCoin, and Gate.io.
On many exchanges, you’ll have to go through a KYC process to purchase crypto. In addition, you can purchase Bitcoin via peer-to-peer services like Bisq, then exchange-traded your $BTC for $STX via KuCoin.
By using bitcoin lightning payments via LNSwap, Gamma users also can mint a select few collections.
After funding your account with $STX, connect your wallet to the website gamma.io. You’ll need seed words to restore your wallet in case it gets reset, thus, you’ll need to remember these to ensure that your funds don’t get lost.
Once your wallet is connected, you can start minting a recently released collection on gamma.io, exploring to create a portal at create.gamma.io, or buying NFTs off the secondary marketplace.
For new releases, there will be a “mint” button for you to mint a random NFT from a new collection release. The platform also allows you to buy specific NFTs that have been listed by other users.
To view your NFTs, you can click on your profile icon at the top right corner of the website.
How To Purchase An NFT On Gamma
To purchase an NFT off of the platform’s secondary marketplace on gamma.io, you’ll need to head on over to gamma.io, and connect your wallet by clicking “Connect Stacks Wallet” in the top right-hand corner and then select the wallet you’d like to use.
To explore NFTs, click on Explore, you then can see all NFTs in the top right-hand corner where you’ll be able to browse NFTs that are currently listed for sale on the marketplace.
To sort by price, most recently listed, or most recently sold, just need to click the dropdown menu labeled “Sort by”
On the other hand, you’ll have to click Explore, go to Collections in the top right-hand corner, or scroll down on the home page to the Top Collections section to explore top collections.
Also, to sort through top collections from the last day, week, month, or other time frames, you’ll need to click the dropdown menu as indicated above.
To purchase an NFT, you can purchase directly from the preview card by hovering over the NFT you like and clicking “Buy now.”
This step is to confirm the transaction from your wallet and you’ll need to pay a small transaction fee. Once the process is confirmed, the NFT will be able to deliver to your wallet.
You may also click on the NFT to expand the detailed view where you can check an enlarged view of the NFT, attributes as well as NFT details such as rarity rank, selling history, or listing price which is related to the current market price.
If you want to buy the NFT, you also will need to click “Buy now” and then follow the same steps mentioned above.
Conclusion: Gamma Has Blue Skies Ahead
Both individuals and firms are devising ways of engaging NFTs and their marketplaces amid the NFT trading sector have seen an incredible growth speed in 2021.
As digital assets ownership gains more social acceptance, Gamma is also improving as a home for digital assets stakeholders, including creators, collectors, and investors.
To become a platform for anyone and everyone, the platform offers the infrastructure for builders, innovators, and artists to build future use cases for NFTs on Bitcoin and the tools to assist them best.
The platform may be the right place where all parties can come together to explore NFTs via the Bitcoin system. To learn more about Gamma, just click here!
Source: https://blockonomi.com/gamma-marketplace-review/