NFT Art: What Is It & Is It Worth Buying? For years, investing in art was something that was associated with the rich and wealthy. Today though, thanks to the emergence of NFTs, anyone with an internet connection and a web3 wallet can afford to buy art. Read on to learn what NFT art is, what types of NFT art exists, and whether it is […]
What is pushing Ripple (XRP) price up? The price of Ripple’s XRP token is up 26.9% in the past week and 6.9% in the past 24 hours, outperforming most of the top cryptocurrencies like Ethereum and Bitcoin which are struggling to make considerable gains. At press time Ripple’s XRP was trading at $0.4326. Factors contributing to XRP’s recent price rise There are […]
Downsides of Proof-of-Work and Proof-of-Stake, explained Proof-of-Work and Proof-of-Stake are arguably the best-known consensus mechanisms — but new ones are continually emerging. PoW blockchains have long dominated the cryptocurrency landscape, with both Bitcoin and Ethereum using this model. This means miners are responsible for securing the network and validating transactions — and they get rewarded with new coins as a result. […]
What is Blocklords? And how to earn money playing it Highly anticipated medieval strategy massively multiplayer online (MMO) game Blocklords is out, unraveling iconic characters, pitched battles and engrossing drama. A genre-defining grand strategy game of MetaKing Studio, Blocklords introduces players to a universe where players' actions have a bearing on their characters, other players and the medieval world around them. A captivating multi-player play-to-earn […]
What is veTokenomics and how does it work? All facets of a token's production and management, including its allocation to various stakeholders, supply, token burn schedules and distribution, are managed through tokenomics analysis. Tokenomics help to determine the potential value of decentralized finance (DeFi) projects. Since the law of supply and demand cannot be changed, tokenomics dramatically impacts the worth of each nonfungible […]
Staking on Polkadot, explained It can do — and in some cases, you may have to lock up your DOT for 120 days. A lot can happen in 120 days — case in point, DOT fell from an all-time high of $55 to lows of $17 over this timeframe… down 69%. This painfully shows why it's important to assess […]
What is decentralized identity in blockchain? Self-sovereign identity is a concept that refers to the use of distributed databases to manage PII. The notion of self-sovereign identity (SSI) is core to the idea of decentralized identity. Instead of having a set of identities across multiple platforms or a single identity managed by a third party, SII users have digital wallets in […]
UFT price: What is UniLend Finance and Why Did it Just Soar? UFT price went parabolic on Friday as demand and volume for the token rose. UniLend Finance’s token climbed to a high of $0.400, which was the lowest level since April of this year. It has jumped by over 475% from its lowest level in 2022, giving it a market cap of more than $22 million. […]
What is a gold-backed token and how does it work? What is a gold-backed cryptocurrency? A gold-backed cryptocurrency is a type of digital currency that is backed by physical gold. The currency’s value is based on the current market price of gold and can be used for transactions just like any other type of cryptocurrency. Some cryptocurrencies are backed by gold in order to tie […]
What is Virtual Land? How NFTs Are Shaping the Metaverse Real estate is often considered to be a good investment—but what about virtual real estate? Non-fungible tokens (NFTs) representing virtual land have become a hot topic since the advent of the metaverse—and there’s gold in them thar digital hills, with some plots of virtual land selling for millions of dollars. Virtual land forms the backbone […]
Uniglo price prediction: What is GLO and will it be a good buy Uniglo and Tamadoge are the two most hyped cryptocurrencies of 2022. Tamadoge has become extremely popular such that the developers raised $8.5 million within 24 hours from investors. In this article, we will explain what Uniglo is and whether GLO, its native token will be a good investment. What is Uniglo? Uniglo is an upcoming […]
Stargate Finance price prediction: What is STG and is it a good buy? Stargate Finance price has performed relatively well in the past few days as demand for the coin has risen. STG jumped to a high of $1.15 last week, which was the highest level in months. It has now pulled back slightly and is trading at $0.773, giving it a market cap of over $102 million. […]
What is a seed phrase and why is it important? A seed phrase might be confusing and probably you might be wondering how a seed phrase looks and maybe how it is created. The seed phrase is generated by a cryptocurrency wallet and the user has no way of customizing it. The words generated are derived from a list of 2048 words. So, how many […]
Bear Market vs. Market Correction – Differences Fully Explained A market correction in the world of cryptocurrency is a natural occurrence that occurs after a price has risen excessively fast. It’s a momentary pullback in the price, and it’s not indicative of a larger problem. The correction of the market is a sharp but momentary decrease in the price of a cryptocurrency because of […]
NFTs and intellectual property, explained Some of the biggest NFT collections out there right now — Bored Ape Yacht Club among them — have given full intellectual property rights to users. This is a significant (and you could argue a very generous) development. It effectively means that those who own Bored Ape NFTs have the potential to profit from them. […]
What is Chainlink VRF and how does it work? Blockchain technology has spawned many applications over the past few years, the most popular being cryptocurrencies. It has also facilitated the creation of many decentralized, secure and transparent marketplaces in the digital economy. Offering far more trust since all transactions are immutably recorded on the blockchain, this technology has been well supplemented by the smart […]
What is Yuga Labs’ Otherside? Inside the Bored Ape Yacht Club Metaverse Popular non-fungible token (NFT) collection Bored Ape Yacht Club has been seen everywhere from comic books to burger restaurants. Now, it’s branching out into the virtual world, with the launch of Otherside, a metaverse platform from BAYC developers Yuga Labs. What is Bored Ape Yacht Club? Bored Ape Yacht Club (BAYC) is a collection of […]
What is dollar-cost averaging (DCA) and how does it work? Many crypto enthusiasts just start investing in cryptocurrencies without a strategy behind it. However, they should be aware that an investment plan is essential when you begin investing in crypto. By sticking to a strategy, you will have a clear overview and become less susceptible to the substantial price fluctuations in the crypto market. Related: […]
zk-STARKs vs. zk-SNARKs explained zk-STARKs are one of the two transparent and scalable privacy-enhancing methods. The public availability of the randomness utilized by the verifier negates the need for a trusted setup. But, what does zk-STARK stand for? zk-STARK stands for Zero-Knowledge Scalable Transparent Argument of Knowledge, which is a type of cryptographic proof technology. zk-STARKs, also known as […]
What is Enjin (ENJ) and how does it work? What is Enjin and what are its main features? With blockchain-based nonfungible tokens (NFTs) powering the rise of Web3, a number of NFT-based projects are gaining significant importance, as they provide the technological means of assembling important data on blockchains in a visually appealing manner. Related: Nonfungible tokens: How to get started using NFTs Leading […]
