If you've interacted with DeFi or NFTs on Ethereum, you've probably noticed how high gas fees and slow transactions can be. That's the cost of decentralization. Blockchain and other distributed ledger technologies are designed to be slower and more expensive than centralized alternatives. Some of the best minds in the world are currently working on ways to make cryptocurrencies … [Read more...]
A beginner’s guide on the legal risks and issues around NFTs
What are NFT’s? Since the introduction of NFTs in 2017, there has been much debate among investors about their potential value and associated risks. NFT is short for non-fungible token. A non-fungible token is a digital token that is associated with the blockchain. This token acts as a digital certificate of authenticity. Anything that can be digitalized can be sold as an NFT, … [Read more...]
Tapping Into Tokenization for Fresh Ideas: Changing Finance, Gaming and More
The digital record-keeping technology known as blockchain, which is used by Bitcoin and other cryptocurrency networks, has the potential to change the financial world. Promise is held in another area which is supply chain management. Blockchain technology can streamline supply chains by making deliveries faster and more affordable, increasing transparency of product origins, … [Read more...]
Blockchain and the evolution of business models in the game industry
The first computer games were developed in the late 20th century with the primary goal of providing entertainment to players. The first goal was to take players away from their everyday lives and into a fantasy world. Games began to take up more time than traditional forms of entertainment, such as movies, circuses, theater performances, zoos, etc. There are currently over 6 billion … [Read more...]
Continuous Auction Of NFTs Used To Monetize Public Goods
NFTs in their simplest form are pure provenance devices. What do I mean by that? NFTs can be thought of as digital records of an object's origins, rather than as digital equivalents of paintings. A NFT encodes information about an object (usually in the form of a cryptographic hash), its creator (their wallet address), and the timestamped history of owners (transactions etched into … [Read more...]
Crypto Art and NFTs
This article gives a brief overview of the "crypto art" space that has been emerging lately, including the use of "Non-Fungible Tokens" (NFTs) to distribute digital art. What Is an NFT? An NFT is a digital asset that is stored on a blockchain. NFTs are unique and cannot be replicated. Digital material such as images, videos, and music can be stored as NFTs. An NFT is a type of digital … [Read more...]
How to Make Money With NFTs in 2022
Non-fungible tokens, or NFTs, are expressions of value that are stored on a blockchain. Because each NFT is unique, it can be used to represent ownership of digital or physical assets. For example, an NFT could represent a digital painting, a Crpytocurrency, or a piece of land. NFTs have recently become very popular because they can be bought and sold like other assets, but they are also … [Read more...]
Decentralized Data Marketplaces – Blockchain and Privacy
In 1998, when Greg Linden applied for a patent for "item to item collaborative filtering", he could not have imagined the social impact it would have. Previously, Amazon had used data based on an individual's purchases to recommend a product they might like; However, this approach was inefficient because it recommended things that were extremely similar to what the customer had … [Read more...]
How DeFi can Reform School Funding Models
The education and medical industries are two of the most important in the world because they have the ability to improve people's lives. However, both industries are currently broken and in need of significant reform. Don't worry, this article isn't about complaining. We're interested in finding solutions to some of the main problems in education by looking into new innovations in … [Read more...]
Web3 Interoperability: The Hard Parts
An overview of web3 The web3 stack includes tools and protocols that enable decentralized apps to function. Web3 refers to a set of technologies that power decentralized applications or dApps. These sorts of applications offer users more control over things like identity and value. Additionally, they provide decentralized control and use a distributed infrastructure. All of these … [Read more...]