Decentralized finance is a term used to describe the shift from using traditional financial systems to using decentralized networks. Decentralized finance is likely to have a significant impact on how banks operate in the future. The potential to shift the structure of the whole financial system at a macroeconomic level is huge. DeFi is an umbrella term encompassing the vision of a … [Read more...]
Some Thoughts on the State of Web3 in Response to Moxie
Many people have already responded to Moxie, but I want to focus on the implications for the Web3 space. I was hoping to keep this to a Twitter thread, but I'm not Adam Cochran. This was a good excuse to write on Mirror for the first time. Moxie's piece captures the essence of some of the thoughts I (and many others) have had recently about some of the key tensions in the Web3 world. … [Read more...]
Reputation Score on Web3
A few years ago, things started to change. A couple of years ago, people started to become more aware of the importance of having a good digital reputation and online legitimacy. With more and more collaboration happening online, it became clear that physical reputation wasn't enough to work efficiently with others. Managing a digital identity and the reputation that goes with it became … [Read more...]
NFTs: A Primer for Newbies : Equity Ownership of Anything
NFTs are a new technology that is quickly gaining popularity. I wrote this article to explain the history and basics of NFTs to those who are not familiar with the topic. The crypto world is constantly changing, so this article may not be up-to-date with the latest developments. However, it is still a good resource for understanding the basics of NFTs. The internet of assets NFTs and … [Read more...]
PUSHing Web3 Forward: What is EPNS and why should you care?
What is EPNS? The Ethereum Push Notification System (EPNS) allows users to subscribe to notification channels without needing to store data on centralized servers. This prevents any one entity from being able to censor or control user data. Until now. . What EPNS does is introduce a new, decentralized middleware system. This communications layer for Web3 allows users to subscribe … [Read more...]
Monetization in Web3
Nowadays, it's no secret that major companies such as Facebook and Google make a lot of money from the internet. Although their services are free, we provide them with a large amount of data without realizing it. web 2.0 is a business model where companies take information from the internet and sell it for different purposes. web 3.0 is a new financial model for the internet that is … [Read more...]
Minting NFTs on zkSync
This drop is the first of its kind because of the technologies involved. And putting it all together in under 4 days is a personal feat of mine :sunglasses: I would like to go into more detail about each part of this process to show some of the technical features and hopefully encourage others to mint their own NFTs using this method. Chaink VRF | A deterministic, fair raffle We … [Read more...]
Music NFTs: The Decline of Streaming + Potential Use Case
Why NFTs Are the Keys to the Inevitable Metaverse In Search of a Killer App to Accelerate NFT Adoption Non fungible tokens (NFTs) are absolutely a bubble. People have poured hundreds of millions of dollars into NFTs. Most of those “investments” will plummet to zero. Be very afraid. At the same time, NFTs are going to change the world. They will spur vast new economic growth, including … [Read more...]
How did OpenSea become the most popular NFT marketplace?
It is now winter 2018 and the crypto markets have crashed. Bitcoin and Ethereum are down up to 90% from their all-time highs. Projects that had previously launched to much fanfare and with big promises are now shutting down one after another. Your Thanksgiving dinner this year is likely to be quite awkward after your uncle sarcastically asked you how your Bitcoin investment is … [Read more...]
How The Best Businesses Will Use NFTs
The technology known as Web3 is very important and is constantly improving. Web3 allows for decentralization in areas such as finance, voting, and digital ownership. Additionally, many companies are trying to figure out ways to use this technology. Although there are probably many great ways to use Web3, we will just be discussing one called Non-Fungible Tokens. NFTs are a type of … [Read more...]