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Crypto Data

Phantom Wallet Preps Mobile Launch After Reaching 1.2 Million Users on Solana

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“The Phantom wallet is a popular way for Solana traders to navigate DeFi. It says a mobile version is coming soon.

Phantom, the popular cryptocurrency wallet and browser extension that allows Solana users to transact with DeFi protocols, says it is preparing to launch a mobile version of its wallet.

Chris Kalani, chief product officer and co-founder of Phantom, told Decrypt, the company is planning a “private beta around the holidays” with a full launch in January.

Phantom is Solana’s answer to MetaMask, the Ethereum wallet built to interact with decentralized finance (DeFi) and other applications on the network. Via DeFi protocols, crypto owners can take out loans, earn interest on their digital assets, and trade them with other users, all without relying on a financial intermediary. 

But to take advantage of the growing DeFi ecosystem on Solana, which now controls over $15 billion in assets, you need a crypto wallet that can integrate with the network’s nascent decentralized exchanges, lending protocols, and liquidity pools.  

hough there are other usable wallets, Phantom is perhaps the most popular. It allows traders to send, receive, or swap tokens within the Solana ecosystem. It also has options for buying, selling, and even creating NFTs, the digital deeds of ownership to digital and/or real collectibles.

The project recently touted reaching 1.2 million weekly active users. (Kalani assured Decrypt those were “not accounts or installs” but actual users.) Thus far, however, they’ve been confined to desktop, which is less than ideal for DeFi traders on the go. The mobile app, should it arrive on time, will give Solana DeFi traders a much needed resource in a market with limited options. Most other wallets, for instance, don’t support staking—dedicating SOL to the network so it can become more secure (and you can get rewarded in crypto).

“This means they can mint NFTs, stake tokens, and more while not being tied to their computers, which carries considerable weight considering how fast the Solana ecosystem currently moves,” said Phantom CEO and co-founder Brandon Millman in a press release.

Solana is indeed moving fast. The Solana coin recently overtook Tether to become the fourth-largest crypto asset by market capitalization. Phantom is growing along with it, according to the firm’s estimates. In July, it secured a $9 million Series A round led by Andreessen Horowitz. At the time, it claimed just 70,000 users.

In addition to Solana, Phantom is branching out to other blockchains, with a beta Ethereum wallet in the works. That’s all further down the road. Said Kalani, “Phantom is laser-focused on Solana.” Decrypt

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Ecosystem

Avalanche Ecosystem

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Interviews

The Best Business Show with Anthony Pompliano: EXCLUSIVE Michael Saylor Interview

The Best Business Show with Anthony Pompliano: EXCLUSIVE Michael Saylor Interview by Anthony Pompliano

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Crypto News

Reddit to reportedly tokenize karma points and onboard 500M new users

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“Reddit engineer, Rahul, highlights the social media platform’s efforts to improve user interaction through various cryptocurrency initiatives.

American social media giant Reddit may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.

A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. As Cointelegraph reported in July 2021, the platform had launched its own layer-two rollup using Arbitrum technology for its rewards points, named Community Points. According to the website:

“Your Community Points exist on the blockchain, independently of Reddit, where they can only be controlled by you (just like Bitcoin (BTC) !).”

How will we pull this off?

Reddit has partnered with @OffchainLabs(@arbitrum) and created our own separate instance. 

Community points for 2 subreddits (~80,000 users) are already on Rinkeby Testnet on our Arbitrum network (separate to Arbitrum One). — Rahul (@iamRahul20x) November 3, 2021

Reddit’s partnership with Offchain Labs’ Arbitrum network will allow for the creation of a separate blockchain instance, to be used for storing users’ tokenized community points. 

Currently, the community points of roughly 80,000 users from two subreddits — r/cryptocurrency and r/FortNiteBR — have been moved to the Rinkeby Testnet on the Arbitrum network, which, according to Rahul, will be scaled for gasless transactions:

Moreover, Reddit communities will also have the ability to fork blockchains through community-based decisions, in addition to allowing the scope to explore new monetization strategies with Web 3.0.

“When we all pull this off, we would onboard 500M web2 users into web3 and then there is no going back. Let me say that again – 500 million new crypto users.” CoinTelegraph

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

Nike Filings Suggest It Is Ready to Explore NFTs

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“The sneaker giant is looking to trademark its brands for use in the Metaverse.

Nike has filed several requests with the U.S. Patent and Trademark Office for branded virtual goods, including shoes, clothing, and accessories. 

Nike Prepares For the Metaverse

Nike could be the next company to enter the Metaverse. 

According to the USPTO website, the Oregon-based sportswear company filed several requests with the U.S. Patent and Trademark Office in late October. The filings look to protect Nike’s trademarks in the category of downloadable virtual goods, with the intention for use “online and in online virtual worlds.”

The seven filings list the Nike and Jordan trademarks with their respective logos and the “Just Do It” tagline. Each listing registers the trademarks for use on digital versions of footwear, clothing, headwear, eyewear, bags, backpacks, art, toys, and sports equipment.

The applications have been filed on an intent-to-use basis, indicating that Nike could be looking to branch out its offerings to NFTs soon. Additionally, Nike Direct’s Vice President Daniel Heaf is currently serving as an advisor to LUKSO, a blockchain network dedicated to digital lifestyle use cases. 

While no official statement has been made, Nike appears to be positioning itself for a venture into digital goods.  ” CryptoBriefing

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data Ecosystem

Solana Ecosystem

Solana Ecosystem Coin99Insights

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Crypto News

Bitcoin soft fork days away as Taproot upgrade closes in

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“The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes).

Real-world use cases are one of the main adoption drivers for every crypto ecosystem, which also holds true for the Bitcoin (BTC) network. In the next seven days, the Bitcoin protocol will undergo a soft fork in the name of the Taproot upgrade, which aims to improve the network’s privacy, efficiency and smart contracts capability. 

Taproot is Bitcoin’s first major upgrade since August 2017, which saw the introduction of Segregated Witness (SegWit) and resulted in the launch of Lightning Network. While the previous fork primarily sought to fix transaction malleability and improve Bitcoin’s network scalability, the Taproot upgrade aims to revamp transaction efficiency, privacy and support smart contracts initiatives.

The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes). On the same day in June 2021, Bitcoin developer Hampus Sjöberg tweeted the announcement:” Cointelegraph

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

@RealVision Exchange #crypto portfolio weights and my Bot portfolio

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Crypto News

Burger King and Robinhood Will Give Away 2 Million Dogecoin to Customers

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“Burger King has started taking advantage of Dogecoin again. It is now offering the cryptocurrency as a reward to American customers.

Fast-food giant Burger King has partnered with Robinhood to distribute cryptocurrencies to its customers. All buyers that make a $5 purchase will receive guaranteed Dogecoin, alongside a chance to win ether and bitcoin.

This time, program members that purchase over $5 of food through the Burger King app will receive a prize code via email. This code may be redeemed through the Robinhood Crypto trading app to receive cryptocurrency.

Every prize code includes a guaranteed sum of DOGE – though the exact amount included in each purchase is unspecified. However, there are a total of two million Dogecoin available, which amounts to over $500 million at its current price.

There is also a small chance for buyers to earn either ETH or BTC, alongside their Dogecoin. The odds of winning Ether are 1:10 001, with over 200 available ($800,000). Meanwhile, the odds of winning Bitcoin are ten times higher at 1:100 011, with just 20 available ($1.17 million).ADVERTISEMENT

Prizes are limited to one code per customer, per day, for a total of 21 days. The contest lasts from November 1st to 21st and is available only in the US.

Promoting With Dogecoin

This isn’t the first time either Burger King or Robinhood has leveraged Dogecoin for profit. In late July, Burger King announced that it would be accepting Dogecoin for dog treat purchases at its Brazilian stores. Furthermore, there are over 40 BK locations throughout Venezuela that accept multiple other cryptocurrencies for purchasing regular food.

As for Robinhood, more than 60% of the company’s revenues came from Dogecoin trading on their platform in Q2 of this year. However, this number has since dropped to 40%, causing an overall decline in the platform’s Q3 revenue.” Cryptopotato

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Interviews

Why Bitcoin: Michael Saylor Interview 

An interview with Michael Saylor where we dig deep into Why Bitcoin, Microstrategy and Bitcoin, The Lost Bitcoin and Max Supply, the geopolitical landscape, mining, the biggest risks for bitcoin, debasement, gold, education, legacy, giving back and so much more.  InvestAnswers

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Crypto Data

Market Cap BTC Dominance 01112021

Market Cap BTC Dominance 01112021 Tradingview

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Crypto Data

@RealVision Exchange Crypto and Bot porfolio October 2021

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Crypto News

Billionaire Paul Tudor Jones Now Prefers Bitcoin Over Gold

“Billionaire Hedge-fund Manager Paul Tudor Jones said Wednesday on CNBC’s Squawk Box that he now prefers Bitcoin over gold as a hedge against inflation.

The founder and chief investment officer of Tudor Investment Corporation, boasting nearly $40 billion in assets under management, Jones expanded on his thoughts about Bitcoin: “Listen, I said then, I said now, I’ve got crypto in single digits in my portfolio. I have a small trading position at our fund. I do think we’re moving into an increasingly digitized world.”

He stated, “Bitcoin will be a great hedge.” As a long-term store of wealth tool, Jones compared Bitcoin to a traditional but lagging hedge against inflation, gold.

Making it perhaps the most appreciating asset in human history in US dollar terms.

“Clearly it’s winning the race against gold at the moment, right?” Jones continued. “So yes, I would think that would also be a very good inflation hedge. 

Screen Shot 2021-10-20 at 09.34.47

Bitcoin is not only winning the race against gold, it is winning the race against every asset for a decentralized, uncensorable, terminally scarce, peer-to-peer currency. Jones concluded by saying that Bitcoin is his preferred inflation hedge over gold at the moment, but it is not just this moment. Bitcoin will outperform everything.

The comments came as Bitcoin hovered within $500 from a new all-time high, and 99% of holders were in the green. ” Bitcoin Magazine

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Crypto News

Bank of America: Bitcoin is Important, The Crypto Industry is Too Large To Ignore

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“Bank of America released a report analyzing the current state and perspectives of the cryptocurrency industry, which is now “too large to ignore”.

Bank of America has published its report “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy, providing an in-depth analysis of the current state of the blockchain industry from cryptocurrencies to DeFi and NFTs.

The report says that the industries of cryptocurrencies and decentralized finance services have grown to the point of being “too large to ignore.”

BofA’s researchers note that nearly 221 million users have exchanged cryptocurrencies or used a DeFi service, with steady growth. Similarly, the increased participation of institutional investors is a clear indication that cryptocurrencies are much more than a passing phenomenon driven by retailers.

Bank of America is Bullish About The Crypto Space Beyond Bitcoin

Bank of America highlights that during the first half of 2021, the DeFi ecosystem received close to $17 billion in funding from institutional investors; this contrasts with the $5.5 recorded during 2020. Similarly, mergers and acquisitions in the crypto space rose from $940 million in 2020 to $4.2 billion in 2021.”

“In an official PR, Alkesh Shah maintained an agnostic stance, asserting that there is more to cryptocurrencies than Bitcoin.

“Bitcoin is important, but the digital asset ecosystem is so much more. Our research aims to explore the implications across industries including finance, technology, supply chains, social media and gaming.”

“The team also asserts that the way we interact with the world could change radically with the advent of blockchain technologies:

“In the near future, you may use blockchain technology to unlock your phone; buy a stock, house or fraction of a Ferrari; receive a dividend; borrow, loan or save money; or even pay for gas or pizza,”

Bank of America also highlighted that the growth of NFTs was a surprise for everyone. Researchers emphasized their fear that the large valuations of some NFT pieces, such as fractionalized artworks or the NFTs from the crypto game Loot, could be a bubble that affects many investors who do not know the risks they are exposed to.” Cryptopotato

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto News

Snoop Dogg is rebuilding his real-life mansion in The Sandbox NFT metaverse

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“The rapper will also launch a 3D avatar collection and players will be able to create games using virtual “Doggfather” items such as Snoop Dogg’s personal car collection, dogs, statues, memorabilia, and more.

The Sandbox, a leading decentralized gaming virtual world and a subsidiary of Animoca Brands, announced today that it has partnered with Snoop Dogg to bring the rapper, actor, songwriter, entrepreneur, and entertainer to The Sandbox gaming metaverse.

Snoop Dogg will enter the metaverse by owning his own virtual land in The Sandbox, where he will set up his mansion. Snoop Dogg will also launch his NFT collection including player avatars and a limited ‘Snoop Dogg Private Party Pass’ that gives users VIP access to concerts, events, Q&As, and dedicated NFT drops. 

Snoop Dogg will also launch a 3D avatar collection inside The Sandbox and players will be able to create games using virtual “Doggfather” items such as Snoop Dogg’s personal car collection, dogs, statues, memorabilia, and more.” Cryptoslate

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Documentary Interviews

Michael Saylor and Bill Barhydt. The Ultimate Crypto Interview on Money Talks!

Michael Saylor and Bill Barhydt. The Ultimate Crypto Interview on Money Talks! Abra

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MiamiCoin Going Mainstream

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“MiamiCoin (MIA), the cryptocurrency created by private actors to benefit the 44th-largest U.S. city, may have a better shot at everyday use than bitcoin, Mayor Francis Suarez said Thursday.

In an appearance on CoinDesk TV’s “First Mover,” Suarez, who is working to attract crypto businesses to Miami, claimed MIA has “been mainstreaming significantly faster than bitcoin,” even though you can’t yet buy anything with the token.

He noted that the coin is trading for pennies, which Suarez suggested may make holders more willing to spend it than bitcoin, which changed hands Thursday afternoon at $44,639.18.

“What’s interesting about bitcoin is that its use case has essentially been a store of value, and the question is, does MiamiCoin remain a store of value … or does it have a different use case?” Suarez said. “We feel that if MiamiCoin metamorphoses into a currency … there exists a possibility that it could have wide use and applicability.”

MIA runs on the Stacks protocol, which in turn runs on top of the Bitcoin network. People can “mine” MIA by sending STX, the native token of Stacks, to a smart contract, which forwards 30% of those contributions to a wallet reserved for the city. Last month, the city voted to accept those funds, now worth $7 million. Suarez said Thursday the project is generating over $2,000 every 10 minutes for the municipality.

MIA has jumped more than 10 times in value since its August debut, to around 4 cents, which Suarez said shows how “exciting Miami is in the crypto world.” Regarding concerns of a potential crash of the token, the mayor reiterated that the city “bears no liability whatsoever for people’s investment decisions.”

“There’s absolutely no reason to believe that it wouldn’t be volatile based on the way bitcoin has performed,” he cautioned.” Coin Desk

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

RealVision Bot and Exchange Portfolio weight Sept 2021

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Documentary

WiM044 – The Saylor Series | Episode 10 | The Death of Gold

WiM044 – The Saylor Series | Episode 10 | The Death of Gold Robert Breedlove

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Crypto Data

Next week’s allocation for the @RealVisionExchange #crypto portfolio and my allocation.

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El Salvador climbs the Bitcoin ATM rankings: 200 machines on the way

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El Salvador is on its way to becoming a true Bitcoin hub with the installation of 200 ATMs where it will be possible to deposit and withdraw for free without commission. 

The announcement came directly from President Nayib Bukele via Twitter.

Bitcoin in El Salvador: expectation for September 7

The date circled in red on the calendar is September 7. On that day, Bitcoin will become, for all intents and purposes, a legal currency. In the meantime, however, not everyone in the country agrees with this turning point strongly desired by the president to revive the local economy.

That’s why Nayib Bukele released a tweetstorm in which he defended himself against the accusations of the opposition but also explained how El Salvador is preparing for September 7.

Remittances

From September 7 (and from now), it will be possible to send remittances from abroad to El Salvador in Bitcoin and dollars. With two differences:

  • remittances in Bitcoin are instantaneous (or almost);
  • remittances in Bitcoin are commission-free. 

That is where the strength of Bitcoin Ley lies, according to the country’s president: the population of El Salvador spends as much as $400 million a year in commissions on remittances. With Bitcoin, there will be savings for the population and a benefit for the economy. 

Los puntos Chivo: 200 Bitcoin ATMs in El Salvador

Another novelty is the introduction of Chivo points. Chivo is the name of El Salvador’s official wallet app, which entitles you to $30 in Bitcoin. Under the same brand, as many as 200 Bitcoin ATMs are being built where you can convert BTC to USD to withdraw it and deposit USD and convert it to BTC. 

In addition, these will also be information points where there will be staff to explain the operation of ATMs and give all the info you need to disentangle with Bitcoin. 

All this without commissions. The ATMs will be operational 24 hours a day. 

All this concerns those who will “convert” to Bitcoin. And who will not want to do it? The president explains that absolutely nothing will happen. No one is forced to use Bitcoin.

All that remains is to wait for how many residents of El Salvador will start using BTC as of September 7. 

The number of Bitcoin ATMs in the world

According to Coinatmradarthere are currently only 4 Bitcoin ATMs in El Salvador. So the president aims to deploy 200 machines for a population of “only” 6.5 million. That projects El Salvador among the three countries with the absolute highest number of ATMs, and certainly also at the top of the charts for the ratio of number of ATMs to population. 

Suffice it to say that at the top of the Coin ATM Radar ranking are the United States with more than 22 thousand branches, Canada with almost 1,800 branches, and, at a distance, the United Kingdom with 164 branches. El Salvador, with 204 ATMs, would be third. 

In El Salvador, there will basically be one Bitcoin ATM for every 32,500 people or so. It currently remains “below” the United States, which boasts one Bitcoin ATM for every 16,500 people, and also below Canada, which instead has one Bitcoin ATM for every 20,500 inhabitants.

But given El Salvador’s small size, you can bet that its Bitcoin ATMs will excel in density. Cryptonomist.ch

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Crypto Data Ecosystem

Arbitrum Ecosystem

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Crypto Data

Mobile Crypto Wallets: TOP 5 BEST For 2021!! 🔐

Mobile Crypto Wallets: TOP 5 BEST For 2021!! 🔐

Coin Bureau

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Crypto Data

Comparing the number of Partners of Oracle Projects

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Crypto News

Quant Explains Why Bitcoin Bull Cycle Is Only In Phase 1

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The Bull Market Is Not Over, Phase 1 Has Just Begun

According to a CryptoQuant analyst, past cycles show that the current Bitcoin bull market isn’t over yet. The puell multiple seems to reveal where the price might head next.

The puell multiple is a BTC indicator used to tell how healthy miners’ revenue is. It’s calculated by dividing the mining revenue by the 365-day moving average (MA) of the same.

Puell Multiple= Mining Revenue USD ÷ 365 MA​ (Mining Revenue USD​)​

With the help of the metric, it becomes possible to say how much selling pressure miners are facing. When the indicator has high values, miner revenue is relatively healthy, thus miners aren’t compelled to sell. While low values could suggest they are facing considerable selling pressure.

Since miners hold large amounts of Bitcoin, significant selling pressure among them could impact the price of the cryptocurrency on a visible scale.

Now, here is how the puell multiple changed during the 2011 and 2013 bull cycles:

A new cycle doesn’t start until after a mid-cycle top post halving is reached. The below chart shows how the 2017 bull run looked like as well as how the current one may end up looking like:

At the time of writing, BTC’s price floats around $47.8k, down 1.5% in the last 7 days. Over the past month, the coin has accumulated 15% in gains. Newsbtc.com

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto News

NFT Virtual Properties are Booming

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“On Next Earth, a virtual replica of Earth on Ethereum, the virtual property market is booming. In the world’s first ITO, virtual land tiles were sold to thousands of buyers. So far, over $1.1 million in virtual property has been sold. This is due to the growing demand for NFTs as people seek out rare opportunities that represent something more than just another digital asset.

This includes the sale of major stadiums and famous buildings, along with tens of thousands of virtual acres. The land sector on the blockchain is one where NFTs are already starting to make major inroads. Scarcity and rarity are two qualities that make collectibles such as art and wine widely sought after, but there’s another aspect that makes virtual real estate so alluring: ownership. 

In the world of digital scarcity, non-fungible tokens represent unique assets — unlike fungible cryptocurrencies like Bitcoin are exchanged for equivalent value.

The Benefits of Virtual Property NFTs

Virtual land has also become an increasingly popular investment option for those looking to diversify their portfolios, whether it’s an NFT-focused portfolio or even a traditional investment portfolio with an allocation to alternatives. 

NFT-based virtual land offers the benefit of investing in a brand-new asset class, but unlike physical real estate or art, it can be bought and sold instantly on a blockchain without any third party managing its ownership or transactions—therefore eliminating middlemen from the equation. 

And because there is no physical asset backing each parcel of virtual land (unlike with physical real estate), parcels can be bought outright instead of fractionally or leased (like rental properties). This provides an additional layer of value for buyers who may not want their asset tied up for decades unless they plan on staying there themselves (or unless they intend on leasing it out). 

The ability of NFTs like Next Earth’s plots to be traded freely without restriction has created a huge opportunity set for developers looking to create new experiences around them—opening up new avenues for monetization that were previously unavailable when digital items could only be sold from one central-entity-owned server farm shop unto another. 

In addition, NFTs provide developers with an interesting way of creating scarcity within their virtual worlds by limiting how many items exist within them at any given time; this creates demand among players who want access to these scarce assets before someone else.

The Mainstreaming of Blockchain

As we progress along the second decade since the birth of the blockchain, we are finally seeing mainstream adoption across multiple industries thanks in large part due to benefits such as unprecedented levels of security and transparency throughout each transaction.

Blockchain technology has already been applied successfully across multiple verticals outside of gaming and collectibles, including healthcare and insurance, voting and governance, music rights management, supply chain management, and financial services. 

Virtual land is another exciting vertical that blockchain technology and the NFT space, in particular, are poised to disrupt. Now that we are in the euphoria of the blockchain, it is unlikely that virtual land will remain an obscure concept within a small niche community for long—once mainstream adoption does occur, expect NFTs to become as commonplace as collectibles have already.” Cryptopolitan

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto News

ADA : Brief Update on Alonzo

ADA : Brief Update on Alonzo Charles Hoskinson

offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

DAO Landscape

`

Decentralized Autonomous Organization (DAO)

“What Is a Decentralized Autonomous Organization (DAO)? 

One of the major features of digital currencies is that they are decentralized. This means they are not controlled by a single institution like a government or central bank, but instead are divided among a variety of computers, networks, and nodes. In many cases, virtual currencies make use of this decentralized status to attain levels of privacy and security that are typically unavailable to standard currencies and their transactions.

Inspired by the decentralization of cryptocurrencies, a group of developers came up with the idea for a decentralized autonomous organization, or DAO, in 2016.

What Is the DAO? 

The DAO was an organization that was designed to be automated and decentralized. It acted as a form of venture capital fund, based on open-source code and without a typical management structure or board of directors. To be fully decentralized, the DAO was unaffiliated with any particular nation-state, though it made use of the ethereum network. (See also: “How Do You Invest in the DAO?”)” More Investopedia

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Crypto Data

DEXs built on top of the Blockchain

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Blockchain Gaming

How to Create, Buy and Sell NFTs

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“The NFT market is expected to reach $1.3 billion by the end of 2021, with over 5.3 million sales to date. Here’s how to buy, sell and create these assets.

“NFTs have become one of the hottest crypto trends of 2021, with overall sales up 55% already since 2020, from $250 million to $389 million. Here’s how you can create, purchase and sell these popular digitals assets.

Non-fungible tokens (NFTs), which are unique collectible crypto assets, have been around as early as 2012 when the concept of Bitcoin Colored Coins first emerged. These coins were simply satoshis – small fractions of a bitcoin– marked, or “colored in” with distinct information that could link the coins to real-world assets, such as “this satoshi represents $500 of John Doe’s New York office building.” For the most part, however, Colored Coins were used to create and trade artwork like “Rare Pepe” digital cards on Counterparty, a peer-to-peer trading platform built on top of Bitcoin’s blockchain.

These cartoon frog images adapted from a viral internet meme were some of the earliest examples of unique digital artwork tied to crypto tokens. This paved the way for the ideation and creation of new non-fungible token standards – a set of blockchain building blocks that allow developers to create their own NFTs.”

How to create NFTs

Creating your own NFT artwork, whether it be a GIF or an image, is a relatively straightforward process and doesn’t require extensive knowledge of the crypto industry. NFT artwork can also be used to create collectibles like sets of digital cards.

Before you start, you will need to decide on which blockchain you want to issue your NFTs. Ethereum is currently the leading blockchain service for NFT issuance. However, there is a range of other blockchains that are becoming increasingly popular, including:

  • Binance Smart Chain
  • Flow by Dapper Labs
  • Tron
  • EOS
  • Polkadot
  • Tezos
  • Cosmos
  • WAX

nce you have these, there are a number of NFT-centric platforms that allow you to connect your wallet and upload your chosen image or file that you want to turn into an NFT.

The main Ethereum NFT marketplaces include:

Makersplace also allows you to create your own NFTs but you have to register to become a listed artist on the platform beforehand.

OpenSea, Rarible and Mintable all have a “create” button in the top right corner.” Coindesk

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.