The blockchain technology is inspiring businesses to change their processes to make them more efficient. This technology has the potential to revolutionize industries such as financial services, healthcare, and supply chain. Additionally, blockchain is changing the way business is conducted. A report by CB Insights found that large companies such as Pfizer and Walmart have … [Read more...]
Dynamic NFTs: the next level
Non-fungible tokens, or NFTs, have become a prominent feature in the Web3 community. These tokens can be used in a variety of ways and are constantly improving, making them very attractive. The next step in the evolution of NFTs is dynamic NFTs. Dynamic NFTs are NFTs that can change over time. They are useful because they can be used to represent real-world assets that change … [Read more...]
How to Flip NFTs For Profit
NFTs are becoming a popular investment due to their recent success. The sales of NFTs in 2021 amounted to more than $25 billion, and it is expected that this figure will be surpassed by a significant margin in 2022. If you're looking to make a profit by purchasing and reselling NFTs, this guide will explain how to do it from the comfort of your home. How to Flip an NFT – Quick … [Read more...]
Blockchain developer vs software developer: key differences
The increasing number of opportunities in the web3 and blockchain world is resulting in a higher demand for blockchain developers. The market for blockchain technology is currently growing very rapidly, resulting in high demand for and low supply of blockchain developers. As a result, the compensation and working conditions for blockchain developers are significantly better than those … [Read more...]
A Framework to Design an Effective NFT Launch
NFTs can be sorted into two primary categories: Generative and Non-Generative. The former involves NFTs whose image and related information is generated on-chain when they are minted. The latter are composed of NFTs that have particular images and characteristics that are generated before minting. These collections typically feature a large number of NFTs, with popular examples including … [Read more...]
Building Market Microstructure for NFTs
I've recently been looking into the changing market microstructure for NFTs, and a recent discussion on the benefits of platforms like Sudoswap has highlighted some of the inherent tension between the current NFT audience and the future of the asset class. There is a huge wave of platforms coming that will bring more robust market structure oriented towards traders to NFTs, and soon, … [Read more...]
What Is Yield Farming?
Yield farming is an innovative application of decentralized finance that is becoming increasingly popular. It involves staking crypto assets to generate high returns in the form of additional cryptocurrency. It is a volatile, risky practice, but one that has generated extremely high annual percentage yields. A number of yield farming protocols exist: Aave, Compound, Curve Finance, Uniswap and its … [Read more...]
Introduction to Non-Fungible Tokens
Non fungible tokens are basically the representation of a unique item that is stored on the blockchain. It can be something as simple as a MS paint drawing or something much more complex. NFTs are different than digital currencies like Bitcoin because they are completely unique and there is only one available. NFTs can be used in many different ways, such as currency in a game or just as a way to … [Read more...]
What Are Fan Tokens?
Fan tokens are a form of cryptocurrency and they let anyone who holds them get access to many different membership perks. Some of the perks can include voting on club decisions or having access to merchanise designs. A fan token is competely fungible and can be exchanged so it is much different than an NFT. It works very similar to cash but the value is constantly changing. The value of a fan … [Read more...]
Beginner’s Guide to Social DAOs and How To Join Them
Decentralized autonomous organizations (DAOs) aren't linked to a specific location such as an office or country; therefore, there is no central authority with users having a say in the decisions that the DAO makes. Usually DAOs are comprised of individuals who are have similar minds and are trying to reach a shared goal. These organizations can be different sizes consisting of either a few members … [Read more...]