September 2022

permanent blockchain storage

How Permanent NFT Storage Can Prevent Disaster

A permanent NFT storage combines blockchains and InterPlanetary File System (IPFS) designed to create a secure place to hold NFTs.  Throughout 2021 NFTs (non-fungible tokens) became popular assets, with projects such as Bored Ape Yacht Club (BAYC) and Cryptopunks making headlines for their large price tags.  At the same time, NFT scams and theft also …

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is an NFT offchain

On-Chain Vs. Off-Chain NFTs Explained

Non-fungible tokens (NFTs) are digital or physical assets recorded on the blockchain. They can be sent from one individual to another, used in video games, or held in cryptocurrency wallets as an asset.  On-chain NFTs refer to tokens written solely on the blockchain, with all metadata and smart contracts being stored on-chain. On the other …

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Cryptopunk 9998

The Story of Cryptopunk #9998: Did It Really Sell for $532 Million?

CryptoPunk #9998 is part of the CryptoPunks NFT collection with wild white hair, green clown eyes, and black lipstick. Its features make it one of the rarest Cryptopunks available.  The collection was originally launched in June 2017 by Larva Labs, and was free to collect for anyone interested with an ETH wallet. There are 10,000 …

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POAP

What is a POAP? How POAPs Influence Digital Identity 

A POAP (Proof of Attendance Protocol) is a unique NFT badge given to an attendee of a real-world or virtual cryptocurrency event.  Pronounced “poh-ap,” POAPs are used by crypto enthusiasts to record their experiences in the crypto space. They’re created as ERC-721 tokens (standard for NFTs) and must meet specific criteria to be classed as a POAP. …

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