Blockchain technology is gaining more and more popularity with each passing day. In just a few years, blockchain has transformed from an unheard-of technology into a buzzword that is being applied to everything, such as supply chains and cybersecurity. Many startups are harnessing the power of blockchain to address unique needs in their respective industries.
If you follow the non-fungible token (NFT) space closely, you would know about the NFT of Jack Dorsey’s first tweet ever. Dorsey sold his tweet to crypto entrepreneur Sina Estavi back in 2021 and donated US$2.9 million earned from the sale to the nonprofit organization GiveDirectly’s Africa fund.
Billionaires, including Elon Musk and Mark Cuban, have waxed eloquent about meme coins. These are digital tokens that started as jokes but have since taken off in value. Some even credit meme coins for helping cryptocurrencies, in general, reach a larger audience.
With more and more people holding cryptocurrencies today, the crypto crash of May 2022 has had severe financial consequences. Reliable currencies, including Bitcoin and Ether, met a terrible fate, as did stablecoins, amounting to losses of over US$300 billion.
In the digital era, the internet has become a popular spot where people have resorted to finding love. By 2024, it is expected that global online dating services will have 276.9 million users. Whether it’s looking for love, a date or someone to hang out with or talk to, it’s obvious that people are actively seeking connections with other beings.
Smart contracts are the digital replacement for the middleman. They are decentralized digital agreements between two parties without any intermediaries. Previously, you would require a third party to create and oversee an agreement; now, with some blockchains, you require none.
I’m sure no one would be shocked to find out that the metaverse trend has been picking up steam. Consulting firm Gartner has named “metaverse” one of the top five emerging trends and technologies for 2022, and it is expected to be worth US$800 billion by 2024.
If you trade in crypto frequently, then you understand how important it is to keep your digital assets safe. One way to do this is by using a hardware wallet. As per a report, the crypto hardware wallet market is set to be valued at US$877.69 million by 2026.
Ethereum is the second biggest cryptocurrency, both in token price and market capitalization, on the market today. It is widely used because, unlike Bitcoin, Ethereum is a network that has massive utility. NFTs and the entire space of decentralized finance (DeFi) were ushered in by Ethereum.
Whether we like it or not, there is an NFT for everything under the sun. There is NFT toilet paper, beasts made from food, NFT clothing and much more. The deeper you delve into the NFT space, the more unique token offerings you will find. As unique and diverse these token offerings might be, there is common among most of these otherwise unique offerings is their hefty prices.
For years now, cryptocurrency has been synonymous with decentralization. That there is anonymity, transparency and no third-party monitoring by way of employing consensus mechanisms is advantageous.
It’s very likely that you have seen some crypto enthusiasts using a punk or an ape as their Twitter profile pictures. Or must have come across articles about couples exchanging wedding vows through non-fungible tokens (NFT).
A lot has been said about Bitcoin in recent years. Some people see it as digital gold, while others view it as a revolutionary payment system. But what benefits does Bitcoin offer entrepreneurs? Whether you’re just starting out or you’ve been in business for a while, read on to find out why Bitcoin could be the perfect payment solution for you!
It is now common knowledge that the most popular NFT projects, like CryptoPunks and Bored Apes, are the product of a thriving community. The CryptoPunks Discord server is a space for discussions on Punk aesthetics to determine how much a Punk is worth. Similarly, Bored Apes has a private digital area called “The Bathroom”, which Ape holders can use as a graffiti board.
Since its launch last year, Bored Ape Yacht Club (BAYC) has risen in popularity in the crypto space. The funky-looking monkeys in the form of non-fungible tokens (NFTs) were sold for millions of dollars. Its success might lead you to believe that everything associated with it will be profitable; well, that depends.