Decentralized finance is abbreviated as DeFi (pronounced dee-fy). The industry is new and allows users to bypass intermediaries and interact with others directly to complete financial transactions. It is gaining acceptance as a substitute for conventional financial services. DeFi apps offer the same services as conventional banks, but they are decentralized. New goods and … [Read more...]
CryptoPunks NFTs – Price and Project Analysis (2022 and Beyond)
NFTs continue to grow in popularity, with mainstream attention in 2021 and 2022. As the craze for NFTs grows, more and more collections are being "dropped" each day, driving up prices continuously. So many people were talking about NFTs that soon there were hundreds of different types of NFTs available to buy and invest in. During this surge in popularity, the original NFTs went even … [Read more...]
Binance NFT Marketplace – How to Buy NFTs on Binance App
Binance, one of the world's largest centralized crypto exchanges, also has an extensive NFT marketplace where users can buy and trade virtual items, land, and art. The trading fee on the platform is only 1%. On this website, you can buy and sell in-game assets, digital collectibles, virtual real estate, artwork, and other items. Binance is a good choice for a marketplace if you want … [Read more...]
You Need to Know Your Small Business Tax Forms
I provide mentorship to small business owners and often talk to them about how money circulates within a business and how it impacts income taxes. The discussion always turns to which federal tax form to use and which schedules go with it. Not every business is required to file all tax forms, and some forms are only required for specific businesses or in specific situations. You should … [Read more...]
Best NFT Wallets for 2022 Compared
What Are NFT Wallets and Why Use Them? An NFT wallet is a digital space where you can store your NFTs. There are three types of wallets for storing NFTs: mobile apps, browser extensions, and wallets that resemble USB sticks. There are two types of NFT wallets: software and hardware. What are software wallets, and what are some of their features? There are three types of software … [Read more...]
DeFi who? NFTs are the new hot stars on the crypto block
NFTs are becoming more popular than DeFi, and it looks like tokenized assets will be common in 2021. The 2017 bull run was characterized by the rise of initial coin offerings, which turned sour when many of the projects that had raised money through ICOs turned out to be overvalued and had little to show for it beyond a team and a white paper. Many successful projects, such … [Read more...]
Diving Into Three of Africa’s Emerging Fintech Economies
Africa could potentially have a very successful fintech industry if it became more sustainable. Africa has many different types of economies, but this analysis focuses on the three "flagship" economies of Kenya, Ethiopia, and Ghana. These are some of the most important and influential economies on the African continent, and their successes or failures can have ripple effects … [Read more...]
What is Web 3.0: A beginner’s guide to the decentralized internet of the future
Web 3.0 has the potential to be just as disruptive as Web 2.0 and to usher in a significant paradigm shift. Decentralization, openness, and increased usefulness for consumers are the fundamental ideas behind Web 3.0. Web 3.0 refers to the next stage in the evolution of the internet, which is designed to be more user-friendly and interactive. Now imagine an Internet that can understand … [Read more...]
What is blockchain interoperability: A beginner’s guide to cross-chain technology
We will be exploring cross-chain technology in this blog, discussing what it is and how it relates to blockchain interoperability. We will also investigate various aspects of cross-chain technology and its potential implications for the future! Blockchain works on a decentralized ecosystem that depends on a distributed ledger system. This ecosystem is not under the control … [Read more...]
What is Cosmos: A beginner’s guide to the ‘Internet of Blockchains’
The cryptocurrency market has been growing at a rate of over 6.5% per year for the past few years. This rapid growth rate demonstrates how it is preferred over regular currency and forex markets around the globe. The crypto market has been helped by blockchain technology, which allows it to penetrate the mass market. A study found that blockchains need to be able to communicate … [Read more...]