Few predicted NFTs would suddenly become the talk of the town in 2021 when they were first introduced in 2014. Reports show that NFT trading volume was around $10 million in Q3 2021, a massive 704% increase from the previous quarter. This was just the start. To many, NFTs add a visually appealing and creative …
Bitcoin did the heavy lifting of creating a peer-to-peer decentralized and tokenized financial network. One person can send another person halfway around the world $1,000,000 in BTC for a paltry $20, sometimes even as low as a dollar and change. The problem is that microtransactions, such as sending a friend $4 for a cup of …
Layer-1 vs. Layer-2 Blockchains: What You Must Know Read More »
NFT-based games integrate traditional gaming concepts with blockchain technology, non-fungible tokens (NFTs), and other decentralized financial elements. Gamers are loving GameFi (the intersection of gaming and NFTs, and even DeFi) for three main reasons: True ownership: While in conventional digital games, players can buy in-game assets, those assets don’t actually belong to them. On the …
A rug pull is a type of scam where the team of a cryptocurrency project suddenly exits the project, running away with investors’ funds. Rug pulls occur particularly often on decentralized exchanges (DEX) and in the NFT world. DEXs allow users to trade cryptocurrencies without intermediaries; well-known examples include Uniswap, Balancer, and PancakeSwap. There is …
Blockchain protocols allow for the recording of transactions in a trustless, distributed, peer-to-peer manner using a public ledger without the need for any central authorities. Blockchains have changed how the world organizes capital, data, and assets and will continue to have implications across several industries, including financial services, real estate, supply chains, etc. The blockchain …
What are Blockchain Protocols & How Do They Work? Read More »
