Blockchain

Making the Metaverse a Force for Good with the Metaverse Charity Foundation

Making the Metaverse a Force for Good with the Metaverse Charity Foundation

If you are a frequent reader of our website, you must have seen us mention The Sandbox, Decentraland and Axie Infinity. These are some of the most popular metaverses out there, and the one thing they all have in common is that they all have their origins in Asia. While Asia is home to all these metaverse projects, it suffers two main issues: the region has major rural-urban inequality as well as a significant wage difference between high-skilled and low-skilled occupations.

Read More
What Are the Different Layers of Blockchain Technology

What Are the Different Layers of Blockchain Technology?

As of 2021, US$6.6 billion has been spent on blockchain solutions. The technology not only underpins the global cryptocurrency market but also provides unique utility for other sectors, like healthcare, logistics and real estate. A blockchain is a decentralized digital ledger made up of blocks that record data across a peer-to-peer (P2P) network. Once information is stored on this ledger, it becomes near impossible to delete, alter and hack.

Read More
What Is the Point of Social Tokens?

What Is the Point of Social Tokens?

It seems like just about anyone is creating some kind of cryptocurrency these days. In April this year, news broke that Meta founder Mark Zuckerberg was planning on creating his own centralized-social token (dubbed “Zuck Bucks” by Meta’s employees) to reduce the company’s dependence on advertisers. This currency would operate like tokens inside a video game, meaning that you could use them to buy items on Meta’s platform.

Read More
What Are the Latest NFTs in the Car Industry

Racing on the NFT Road: What Are the Latest NFTs in the Car Industry?

Last year, a physical Elon Musk-signed Tesla Model X toy car was minted as a non-fungible token (NFT) and put up for auction on OpenSea. The auction didn’t turn out to be very successful (probably because it wasn’t an official release made by Tesla), but this caused some car fans to wonder: will NFTs get into the automotive market someday?

Read More
Top 5 Startups Capitalizing on the Hallyu Wave

Top 5 Startups Capitalizing on the Hallyu Wave

Look around you, and I’m sure you’ll find at least one person who is either into Korean pop music (K-pop) or Korean dramas (K-dramas). The popularity of Korean cultural products, be it music, TV shows, fashion or skincare, is called the Hallyu (Chinese term for the word Korean) wave. Hallyu wave’s acclaim has had a positive impact on the South Korean economy, with boy band BTS contributing US$3.6 billion to the country’s economy all by themselves.

Read More
What Is the Blockchain Trilemma?

What Is the Blockchain Trilemma?

One of the problems that the blockchain industry has been facing for a long time is the blockchain trilemma. The blockchain trilemma (also called the scalability trilemma) is the belief that decentralized platforms can only accomplish two out of the following three goals—security, scalability and decentralization—at a time.

Read More
Why BendDAO Might Be a Threat to Popular NFT Projects

Why BendDAO Might Be a Threat to Popular NFT Projects

At this point, most of our readers would be familiar with the concept of a decentralized autonomous organization (DAO). But for those who need a quick refresher, DAOs are internet communities set up on the blockchain with no central governing body and where members act in the interest of the group. You can invest in and become a member through purchasing their crypto tokens.

Read More
Crypto’s Gender Disparity Problem Needs to Be Addressed

Crypto’s Gender Disparity Problem Needs to Be Addressed

If you look at crypto communities online, be it on Twitter or Telegram or Reddit, you’ll find them to be largely made up of men. If asked to visualize the crypto community, everyone would picture a crypto bro (men who are singularly focused on cryptocurrency predictions) discussing which currency will go “to the moon” next. In fact, 94% of all cryptocurrency is owned by men, which means that women occupy only 6% of all crypto holdings.

Read More
Should You Trust the Fear and Greed Index

Should You Trust the Fear and Greed Index?

Cryptocurrency is an extremely volatile and turbulent asset, especially owing to its immensely speculative nature. Investors use a variety of means to gauge cryptocurrencies’ price movement in order to determine future crypto asset performance, including social media sentiment and indices.

Read More
Best Countries to Mine Cryptocurrency In

Best Countries for Mining Cryptocurrency In 2022

The price of Bitcoin has risen since its arrival on the crypto market in 2009. Despite recent volatility, the price of a single Bitcoin is still a staggering US$24,130 as of August 8, 2022. Given the value of Bitcoin, it is no wonder that many professionals and amateur investors are eager to tap into the burgeoning market.

Read More
Digital Currency Race

What Countries Are Joining the Digital Currency Race?

Central banks worldwide are exploring ways to issue their digital currency, also known as central bank digital currencies (CBDCs). In a report released in January 2020, the Bank for International Settlements (BIS) surveyed 66 central banks and found that 80 percent were developing CBDCs.

Read More
PLC Ultima A Cryptocurrency for Mass Use or a Scam

PLC Ultima: A Cryptocurrency for Mass Use or a Scam?

In December 2021, a new contender entered the cryptocurrency market. Going by the name PLC Ultima (PLCU), the currency was just valued at US$0.10 when it first came into existence. To put this into perspective, 6000 cryptocurrencies had been launched in 2021, taking the total number of cryptos in the market from 10,000 to 16,000.

Read More
Art Theft The Disturbing New Issue on NFT Platforms

Art Theft: The Disturbing New Issue on NFT Platforms

The dark side of the non-fungible tokens (NFTs) market started to reveal itself after NFTs became mainstream last year. Previously, we have explored how the NFT marketplace is riddled with scams, such as artist impersonations and insider trading. Not only have such hoaxes become a big issue for buyers hoping to get their hands on genuine artist works but also for the artists themselves.

Read More
Are NFTs the Future of the Wine Industry?

Are NFTs the Future of the Wine Industry?

After making it to the mainstream during the pandemic, non-fungible tokens (NFTs) seem to be everywhere. If you go onto some well-known NFT marketplaces, such as OpenSea and Crypto.com, you can easily find all sorts of NFTs in their dropdown menus, ranging from art, memes and music to photography and sports for purchase or rental. Lately, the NFT market has even welcomed wine NFTs to the space.

Read More