As a startup, you might be tempted to launch your own cryptocurrency to raise funds more seamlessly and in a decentralized manner—be it through an initial coin offering (ICO) or an initial DEX offering (IDO).
From being named word of the year to becoming a romantic Valentine’s Day gift idea, NFTs have become more and more mainstream in the past year.
Non-fungible tokens (NFTs) have experienced an explosion in popularity in the past year. Sales volumes for NFTs increased from US$94.9 million in 2020 to US$24.9 billion in 2021. Be it through purchases of Apes or Cryptopunks, people have been actively diving into the NFT trend.
With NFT (or non-fungible token) becoming Collins Dictionary’s word of the year in 2021, their growing popularity and impact are hard to ignore. From Bored Apes to CryptoPunks, the past year has been huge for the growth of NFTs. In fact, we saw celebrities, like BTS, Shawn Mendes and Snoop Dogg, coming out with their own NFTs as well.
The cryptocurrency market has been thriving all through 2021. As per the Bloomberg Galaxy Crypto Index, the cryptocurrency market grew by 160% in 2021, which is much higher than the growth that conventional assets saw in the past year.
Valentine’s Day has rolled around again this year, and with it, the question of what to give your significant other is a headscratcher for almost everyone. It’s hard to be creative every year, isn’t it? Well, this year, we have the solution to your problem. Instead of gifting your partner with flowers that will wither after a couple of days or chocolates that will last a week, you can give them a present that will be preserved forever on the blockchain and that is, non-fungible tokens (NFTs).
Cryptocurrency has been changing the traditional banking system. In fact, recently, during the Indian budget meeting on February 1, 2022, the Finance Minister, Nirmala Sitharaman, proposed a 30 percent tax on income earned from digital assets. While it may seem like a significant amount, the move shows that the country has recognized cryptocurrency as a financial asset that affects the economy.
If the idea of a first date in real life makes you want to curl up in a corner and call it a day, perhaps it’s time to take your dates into a parallel universe: the metaverse.
Imagine this: you’ve got a date (you rock star!). But instead of finding the right outfit, texting your friends about what a terrible idea this is and feeling nauseous, you are chilling in your sweats. No, really.
Lo and behold, cryptocurrency has—more or less—entered the mainstream. Whether you want to trade non-fungible tokens (NFTs) or order food, you can pay in cryptocurrency. However, paying using cryptocurrency is not so straightforward. When making a transaction on the Ethereum blockchain, users are required to pay gas fees.
As we get closer and closer to the future of the internet (a.k.a. Web 3.0), the “realities”, besides the one we are used to, are becoming more commonplace. Be it the Nth floor of Accenture or virtual property tours, the different kinds of “realities” can help businesses thrive.
On January 13, 2022, virtual metaverse and mobile game The Sandbox hosted a Mega City LAND sale. Managing Director of Greater China at The Sandbox, Harvey Tsoi, discloses with no air of surprise, “The land was sold within seconds.” And why wouldn’t it be when there’s an opportunity to live next door, at least virtually, to your favorite celebrities, like Snoop Dogg, the Smurfs, The Walking Dead and more? Besides renowned creators, The Sandbox also brings entrepreneurs closer to better business opportunities.
As of December 2021, the global crypto market capitalization reached US$2 trillion. While this US$2 trillion market has made many billionaires, not all of us have been lucky enough to cash in on the crypto boom.
If you’ve been aimlessly scrolling through popular internet forums, like Twitter or Reddit, chances are you’ve stumbled upon the frequent and heated debates surrounding non-fungible tokens (NFTs). These debates, typically, question whether NFTs are the best thing to happen to the online art community or the beginnings of an environmentally-detrimental hellscape.
It has been 13 years since the cryptocurrency token Bitcoin was introduced to the world, and it is as volatile as ever. Last year alone, Bitcoin saw tremendous losses that its price plunged 30 percent at one point, along with incredible gains reaching up to 60 percent. The coin reached an all-time high of US$68,000 in November 2021, but its price fell to US$33,000 come January 27, 2022.
On December 1, 2021, Meta (formerly Facebook) revealed that a beta tester for their virtual reality (VR) platform, Horizon Worlds, was virtually groped. The incident took place on November 26, and the beta tester who was harassed has spoken out about the intensity of being harassed in the metaverse.
The internet abounds with tales of cryptocurrency turning people into millionaires. With over 8,000 cryptocurrency tokens in circulation, it is natural to want to figure out a way to get in on the action. Today, there are three ways to get cryptocurrency: invest, earn or mine.
