Gamma.io – NFT Marketplace for Bitcoin Secured Stacks NFTs

This comprehensive Gamma.io Review will completely guide you through how Gamma.io NFT marketplace works, its features, etc:

What is Gamma.io?bitco

Non-fungible tokens, which are unique digital assets on the blockchain, which aren’t interchangeable with one another, have been very popular on Ethereum and second and third-generation blockchains.

Ethereum alone carries 76% of all NFTs with over 7,000 daily mints because it supports smart contracts. It originates from the NFT token standard ERC-721, and has the highest number of decentralized apps, in addition to its popularity after Bitcoin.

However, Bitcoin still commands nearly 50% of the entire crypto market share, is the most traded and held crypto, and remains the most popular cryptocurrency. Despite this, NFTs on Bitcoin have been nonexistent. It is this gap that the Gamma.io NFT marketplace seeks to fill. Gamma is based on Stacks, a programming layer that introduced smart contracts on the Bitcoin blockchain.

Gamma.io Review

Gamma.io allows creators, builders, and artists to create, list, and display NFTs and related smart contracts on the Bitcoin blockchain; collectors to collect, store, and list their NFTs on the Bitcoin blockchain; buyers and sellers to list and sell their Bitcoin NFTs; and investors to invest in Bitcoin NFTs.

These Bitcoin NFTs and smart contracts built or based on Gamma.io can be transferred to and from other NFT marketplaces and blockchains.

Gamma.io marketplace currently supports more smart contracts than any other dApp on the Bitcoin network. It currently hosts over a thousand NFT collections, 80% of which have been created using the No-code creator tools.

How Gamma.io NFT Marketplace Works

Gamma makes Ordinal inscriptions on the Bitcoin network as easy as ABC.

In February 2023, Gamma.io released the No-code Creator platform for Ordinals, Bitcoin native NFTs. Ordinals were made possible through the Bitcoin Taproot upgrade, allowing users to inscribe individual satoshis with arbitrary content to create unique artifacts, which can be stored in Bitcoin wallets and transferred using Bitcoin transactions.

The process of creating these inscriptions is ordinarily complex and technical. Gamma.io removes the complexity with its creator platform. You make the inscriptions by simply creating a text or uploading files and specifying other things such as the address and making the required payment in BTC.

With Gamma.io, you can choose to create NFTs and/or collections and then trade them on the same platform or promote them on third-party NFT marketplaces.

• To mint, trade, and store NFTs, you need to connect an Ethereum or Stack wallet. You obviously need to keep the wallet’s private keys and seed phrases somewhere safe and never share them with anyone. You then send Bitcoin or STX tokens to the wallet. These will be spent as transaction fees when minting, buying, and selling NFTs.
• The marketplace supports fixed-price NFT sales as well as auctions.
• The IPFS pinning and storage allows users to store files and content in a decentralized network.
• Bitcoin lightning payments are possible via LNSwap. You can use these types of transactions to mint select collections.
• To create an NFT, visit create.gamma.io in your browser and click Create. After that, you may be able to list your NFT for sale in the Gamma.io marketplace. The marketplace is accessible at gamma.io. Here you can explore and buy the listed NFTs from other users.
• You can also mint a random NFT from a new collection release. Simply search for or browse the collection and click the Mint button.
• Custom minting pages allow creators to access their smart contracts from anywhere.
• Gamma.io has other products/services such as Blockchain Name Service (BNS) marketplace which allows a user to buy, sell and trade a blockchain-based URLname that is associated with their wallet address, and which they can use as a web page, promotional page, profile page, or to send/receive crypto/NFTs easily as a wallet address.
• Users can showcase their creations and collections in their custom and unique ways through their user profile page.
• Users can mint an NFT from a released collection simply by clicking the Mint button on the collection page. Go to the Minting Now button from the homepage to see the collections from which NFTs can be minted. As a creator, you can request a custom minting page during the creation of a collection.

Features of the Gamma.io Marketplace

#1) Native Bitcoin Payments: Gamma.io allows users to trade Ordinals using Bitcoin as a primary method of payment for sellers and buyers. Users can trade, buy and sell native Bitcoin NFTs using native Bitcoin transactions.

Gamma started to support the minting and secondary selling of Stacks NFTs using Bitcoin (via the Bitcoin Lightning network) as the native currency on the blockchain through a partnership with LNSwap.org.

#2) Stacks Token (STX): Stacks has a native token that serves as a gas token for smart contract interactions. It is also spent when minting and used as a payment method for the secondary trading of smart contracts.

#3) Creator Portal: Gamma.io creator portal has a host of creative tools that allow users to create NFTs from scratch and deploy smart contracts on Stacks mainnet, no-code needed.

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First, the creator launchpad allows anyone to create an NFT from scratch and in minutes, without any coding knowledge or skill. You only need to define and describe your NFT and optionally upload files (CSV format files) containing custom metadata for the NFT. Data must thus be inputted or entered into the file in the correct format to be readable.

Metadata, though optional, can help set apart your NFTs, improve their accessibility, determine rarity, allow filtering and sorting, and add descriptions that are not accessible on images such as sounds, etc.

New features on the Creator Self Service Portal allow users to launch smart contracts for custom NFT collections. They can thus host their websites, minting page, or marketplace. Users can request a minting page at gamma.io. A community that has a self-service collection can mint and trade their NFTs from the platform.

Gamma.io also partners with The Mintery NFT Collective to provide creators with funding and support for creating NFTs. This is recommended for those who want to create highly specialized NFTs or those who need hands-on mentor assistance and/or technical resources.

#4) Individual NFTs and/or Collections: Gamma supports three types of collections, and each collection has to be approved before it goes live. The marketplace charges 10% from the initial sale for using No-code tooling, and 2% on secondary sales on the marketplace.

Creators and artists can create different types of NFT collections. These include Continuous, Public mint, and Editions. A continuous type allows you to add more NFTs (say of the same theme, concept, and technique) to the collection, at a later date.

Each NFT will need to be listed individually for sale in the marketplace. For this type, the NFTs are minted directly to the creator’s address, collectors view the NFTs before they are listed for sale, and auctions are first requested and approved.

Public Mint, a traditional collection type, involves creators creating all NFTs at once and buyers minting them into existence.

The buyer will mint from a public page without seeing what NFT they will receive, collection size cannot be increased after deployment (but can be permanently reduced), and the media is revealed when the buyer receives the NFT on their wallet or after the reveal is initiated by the creator.

The third type of collection — Editions is mostly used for projects such as tickets to events, proof of attendance NFTs, software licenses, access to a platform, etc.

Like the public mint, the minting phase also allows creators to use a mint pass or airdrop feature. The media for all NFTs in an Editions collection is identical, and the size of the collection cannot be increased after deployment.

#5) Ability to connect to an external NFT wallet: Like many other NFT marketplaces, Gamma.io does not have a hosted or custodial wallet.

The Gamma NFT marketplace allows users to store their NFTs on a linked external Stacks wallet which provides access to Stacks apps.

There are two Stacks compatible wallets — the Hiro wallet, which works as a Chrome browser extension wallet, and the Xverse wallet, which is a Bitcoin blockchain-based mobile (iOS and Android) browser and Chrome extension. The NFT marketplace also supports connecting Ethereum wallets.

Both the Hiro and Xverse wallets are used to store, send, receive, and manage STX and other (NFT and non-NFT) tokens.

Some of the Ethereum wallets that you can connect to and use to view and manage your NFTs on gamma.io include MetaMask.io, Coinbase, WalletConnect, and Rainbow.

#6) Customizable user profiles: Create a profile, see other people’s profiles and blockchain activity, and follow them.

An account profile is created after connecting a wallet, and you can add other details such as a bio, your website, and Twitter handle, as well as link multiple accounts (for example, link your Ethereum wallet to your Stacks wallet in order to see all your NFTs in one place).

#7) Auctions: Gamma.io launched with buy-it-now NFTs or fixed-sale NFTs. However, the platform later introduced an auction feature allowing people to auction and bid on NFTs. This is helpful for those sellers who do not know the exact value of their NFTs and those buyers that want to bid on rare NFTs.

Related features that are planned for launch in the NFT marketplace include private sales and a bundle of items.

#8) Sort-and-filter Menu: Gamma.io allows users to search for NFTs from the marketplace using varied search criteria. Such criteria include NFT pricing, rarity, and other attributes. The all-in-one search bar also allows users to search NFTs with specific collections and user profiles.

#9) On-chain Data: This data avails Gamma.io users with transaction histories which are recorded at the individual NFT level. Using such metrics, NFT traders, collectors, investors, and creators can make informed decisions relating to creating, buying, selling, collecting, and investing in NFTs.

#10) API: The marketplace API allows users to connect it to third-party apps.

#11) Bitcoin Naming System Domain names: Gamma.io marketplace for NFTs allows users to send, receive, buy, and sell BNS names.

BNS names are listed for sale at Gamma.io.

A BNS name is a .btc URL name associated with an alphanumeric wallet address that can be used (when sending/receiving NFTs/crypto, or for identity as a profile, collection website/page, or as the homepage on the internet, promotional purposes on social media) instead of the long and hard-to-remember alphanumeric wallet address.

It’s easier to remember a handle than an ordinary wallet address.

A custom BNS name can be registered on the btc.us at the cost of 2 STX for 5 years after which it is to expire and needs to be renewed. Users can also buy them from the Gamma marketplace by searching the BNS Names collection on the marketplace search bar and filtering through the categories to arrive at the name they need to buy.

They can also send a BNS Name to a different wallet address after buying it. Users can also sell BNS Names associated with their wallet addresses by listing them on the marketplace.

Only one BNS Name is associated with one wallet address at a time. The NFT must be held on a smart contract while listed for sale.

#12) Social Platform: The social platform brings together creators, artists, and investors in NFTs. The platform does not require users to set up accounts or profiles. They can, instead, follow each other and engage using web 3 identities. For instance, they can follow each other based on their public blockchain data, whether they have used Gamma or not.

How to Create/Author NFTs on Gamma.io NFT Marketplace

Gamma.io allows users to mint a single NFT or a collection. It allows users to create them on the Bitcoin blockchain, all with complete control and ownership (the user retains private keys to their NFTs).

The marketplace keeps 10% on the first sale only in the case the creator used the no-code tool — no ongoing fees or restrictions afterward. A user can launch an NFT in less than 5 minutes for under $1. Creators define their royalties on the secondary market.

Step #1: Visit create.gamma.io. Click on Create. You can also click the Create button from the homepage. Click start creating and read tips on how smart contracts work.

Step #2: Connect a wallet. You can click the download button to add Hiro if on the browser. The alternative is to download a mobile wallet app such as Xverse if using a phone.

Adding Hiro wallet to the browser.

Here you will need to create a new wallet after downloading the Chrome extension or the mobile app. Once you click download, you will be directed to a page where you can create a new wallet. Simply click Create a new wallet and proceed to back up the mnemonics by writing it down and keeping it safe.

Copy and save your secret key to the wallet:

Then create a password to access the wallet. You will also need to fund the wallet with STX to be able to pay the minting fee when creating NFTs. You can purchase on various exchanges or send yourself some STX from another wallet.

You will be directed to the page where you can find the wallet address and the exchanges where to buy STX during the process of downloading the Chrome extension.

To send from an external wallet or receive it from another person, simply select the first option shown in the image below after downloading the Chrome extension. Otherwise, you can choose your preferred purchase method from the list shown on that page.

Add STX to the wallet:

You can also skip this step but right from the wallet dashboard, you can see the option to buy STX.

Return to the Create page and click Connect Wallet and it will sync with the page. You may need to log back into your wallet if logged out already. Choose an existing Hiro wallet account or create a new one.

Step #3: Provide the required information. First, select the type of collection. The page will explain briefly how the selected collection type works.

Provide details such as the name, description, images, videos, clips, and other features that cannot be changed later once you create the NFT collection. The uploaded files are stored on IPFS. Optionally, upload the metadata via a specifically formatted CSV file.

A host of data including collection name, description, mint price in STX token, email address, optional artist address, domain name, NFT assets, optional file name, and other things will be required, in the format mentioned by Gamma.io.

Read the terms and deploy.

Step #4: Deploy the smart contract. This allows the NFT to be minted on the blockchain. Click the button to deploy the contract and confirm. This will incur a small transaction fee. The NFT is now live on the blockchain for you and/or your collectors to mint.

Step #5: Provide details that will help collectors discover the NFT. These details relate to your collection, how collectors can stay in touch, etc, and are optional. They are needed if you want to request a custom mint page for your NFT collection where collectors can mint NFTs from your collection.

How to Use the Creator Self-Service Portal

The Creator Self-Service Portal allows you to create smart contracts for your NFT collections. You first need to prepare all information, assets, and metadata for your collection.

Step #1: Enter collection details such as name and type.

Step #2: Review the summary and upload files to IPFS.

Step #3: Deploy the contract. This can be done by clicking on the Deploy contract button. The contract is now being sent to Stacks mainnet. Click Confirm.

You can deploy with mintpass enabled or disabled. In that case, you may or may not have predefined public addresses in the CSV file, which can mint a maximum number of NFTs during a private sale; and define a public sale period after which any address can mint NFTs from your collection.

Step #4: Wait for contract deploy confirmation (the transaction time is between 5-15 minutes); you can also determine mint pages during this step. Here you configure your website with custom minting pages, seek listings on other marketplaces, or request Gamma minting page for the collection (which can be automatic).

Step #5: Promote the collection. It is advisable to have a community behind your NFT collection although there are many other ways of promoting the collection.

How to Buy and Sell NFTs on the Gamma.io Marketplace

Gamma supports the initial sale or mint of collections and secondary marketplace sales. Both incur the NFT’s author royalties (as defined by the author) and a marketplace commission. Both are shown when you list an NFT for sale.

To sell an NFT, all you need is either mint and list or list an existing NFT you already own. Minting is already discussed in the previous section.

To list an NFT for sale, click on the particular NFT and click the List button and specify the listing price and the royalties.

Follow these steps to buy an NFT:

Step #1: Connect a wallet from the right-hand corner of the web app. Once connected, your wallet address or BNS name will appear at the top of the page.

You can also send Bitcoin and/or STX tokens to the wallet, which will be spent to buy an NFT and/or pay for a transaction fee when buying or minting an NFT.

Step #2: Browse the NFT marketplace. Here you may use the search bar available on each page to access the NFT categories and choose your desired NFT from those listed in a category. You can also search for an NFT directly from the search bar if you know its name.

The other exploration option is to click Explore -> All or Explore -> Collections from the top right-hand corner. You can also click on the Top Collections section from the home page and explore.

Hover the mouse over the preview card and click Buy Now to purchase an NFT. Alternatively, click on the card to see more details of that NFT and click the Buy Now button. The NFT will appear on your wallet after purchase.

How to Mint from a Collection on Gamma.io NFT Marketplace

Step #1: Click Minting Now from the homepage. It will show currently minting collections.

Browse through the collections to find the collection you’d like to mint an NFT from.

Step #2: Click the Mint button.

Step #3: Connect a Stacks wallet such as the Hiro wallet, and proceed to choose the account. You will see the price of minting each NFT from the collection and proceed to mint. You will need to have STX in your wallet for mint. You can buy it from Coinbase or other exchanges or through MoonPay and send it to your wallet address.

Proceed to mint your desired number of NFTs from the selected collection. Pay in STX from your connected wallet.

Compare Gamma.io NFT marketplace to Other NFT Marketplaces

• First of all, it is based on the Bitcoin blockchain while most are based on the Ethereum blockchain and others(Cardano, Polygon, Solana, etc). The marketplace contains thousands of Bitcoin NFT collections, NFT artists, and NFT traders just like the top NFT marketplaces. It stands out as a Bitcoin NFT marketplace.
• In terms of fees charged, it is not a free minting NFT marketplace, unlike some NFT marketplaces like Mintable. Most NFT marketplaces like OpenSea, Crypto.com Sorare, Rarible, Crypto.com, Binance, charge between 0% and less than 3%. Gamma.io charges a 2% fee on secondary sales. When creators use the no-code tool, Gamma.io charges a 10% commission on the initial sale, for use of the tooling. SuperRare, Nifty Gateway, and Foundation are more expensive at 15%.
• It also doesn’t support credit cards or online fiat payment methods just like most other NFT marketplaces. It works for STX, Bitcoin, and other cryptos.
• It also allows users to sell their NFTs on other NFT marketplaces on other blockchains. Like OpenSea, it supports the majority of NFT types and stands out in terms of supporting Bitcoin Naming Systems.

Gamma.io FAQs

Q #1) What are the top three NFT Marketplaces?

Answer: OpenSea, Rarible, and NBA Top Shot have rated the top three marketplaces for NFTs based on popularity, number of NFTs traded, user bases, and other aspects. Other popular NFT marketplaces are Binance, Nifty Gateway, and SuperRare. Gamma.io is also a new NFT marketplace popular for Bitcoin NFTs, and the leading marketplace on Stacks.

Q #2) What is the best NFT marketplace for beginners?

Answer: Mintable allows for gasless minting and like many other NFT marketplaces such as Gamma.io, OpenSea, Rarible, SuperRare, and Binance, they allow users to create an NFT by simply uploading images and clips to act as the NFT media. Gamma.io allows Bitcoin enthusiasts and proponents to create NFTs on the Bitcoin network and to trade them using Bitcoin.

Q #3) How does an NFT make money?

Answer: An NFT is an artifact that can be owned, sold, and bought just like any other cryptocurrency. NFTs generate money either through market speculation-based trading, hype, or by being associated with other activities, events, and things such as real-world sports that have real-world value or affect the value perception of NFT by traders.

Popular creators of NFTs generate income from direct NFT sales or through NFT royalties where they earn a percentage on subsequent sales of NFTs in the secondary market.

NFTs can be created from music, gaming clips, sporting event clips, art, etc, and sold to fans. They can be created as a collection, with limited or unlimited editions.

Q #4) Can you have an NFT without a smart contract?

Answer: NFTs must carry smart contracts. NFT smart contracts facilitate the creation, ownership, minting, trading, auctioning, collecting, associating with real-world activity and events, rearing such as with pet NFTs, and management of the NFTs in the wallets and marketplaces where they are listed for sale. All of these different activities are governed and automated using code.

Smart contracts are created on a blockchain that supports smart contract creation, including Stacks through Gamma.io NFT marketplace. Ordinal inscriptions, i.e. Bitcoin NFTs don’t require smart contracts and are 100% immutable.

Q #5) What sells fast on NFT?

Answer: NFTs that sell fast include those created from music, drawings, GIFs, sporting events, concert-related NFTs, NFT pets and collectibles, and team NFTs, among others.

Many crypto art NFTs are worth millions of dollars on many NFT marketplaces. The demand for an NFT may influence how fast it sells depending on a host of factors including hype, underlying and perceived value, and what it represents.

Q #6) What kind of NFT sells best?

Answer: Digital art NFTs, especially from renowned creators is the best-selling NFT type. This type of art could represent real-world art or be separate. This includes drawings, video art, and GIFs. Other popular types of NFTs in marketplaces include collectibles, music, video game items, sporting moments, memes, virtual fashion, and domain names.

q #7) What are the fees on Gamma.io NFT marketplace?

Answer: The first type of fee is the minting fee when creating an NFT, and the second type is the transaction fee which is under $1. The cost of minting an NFT depends on the NFT collection (where pricing is influenced by popularity, hype, and other things) and the number of NFTs that you are minting.

It can range from below $1 to hundreds or thousands of dollars and is paid in STX tokens each of which now costs $0.610173 USD. The marketplace charges 10% from the initial sale for using no-code tooling, and 2% on secondary sales.

Conclusion

The introduction of smart contracts on the Bitcoin blockchain through a line of upgrades paved the way for Bitcoin NFTs and Gamma.io is a popular marketplace for Bitcoin NFTs. It makes it easy to craft Bitcoin NFTs quickly and at a low cost.

These types of NFTs that can be inscribed on the bitcoin blockchain include but are not limited to utility, collectibles, trading cards, art, sports items, and gaming assets.

Hope this Gamma.io Review would have given you a clear understanding on how Gamma NFT Marketplace works.