Rug pulls have made headlines since the 2021 NFT boom, with investors losing over $25 billion as of November 2022. These headlines have sparked fear among investors, who are now skeptical when it comes to new NFT projects. The likelihood of a rug pull, or a scam in which a cryptocurrency or NFT team exits …
Things can get a bit complicated when simply “copying” an NFT from one blockchain to another. As a refresher, a blockchain is a decentralized collection of financial accounts across a peer-to-peer network. It’s used to confirm transactions without needing a central governing body, allowing users to make transactions without a third party. NFTs (non-fungible tokens) …
Can You Copy an NFT Onto a Different Blockchain? Read More »
More blockchain platforms are coming into existence, continuously evolving the Web3 world. Of course, each claims to be the best of its kind. But, unlike some, Solana’s blockchain network has much to boast about—particularly its NFT marketplace, Solsea. Solana addresses common Web3 challenges, making the blockchain’s secondary marketplace all the more appealing. For example, Ethereum …
The Solsea NFT Marketplace Explained (Read Before Using) Read More »
Bull or bear market, 2020 and 2021 will forever be cemented in NFT history. Reports have shown that NFTs garnered the most profit ($17.7 billion) in the crypto space in 2021 – the market exploded by over 20,000 percent from the year prior. The total value of transactions jumped from $82.5 million to over $17 billion. …
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 »
