Imagine signing in to your class, but instead of joining a Zoom meeting, you enter a virtual world where you can choose your avatar, play games with your peers and earn points for assignments done well. Sounds fun, doesn’t it? Well, that’s the concept behind gamified education technology (EdTech).
In the early 2000s, the multiplayer online game Club Penguin was a new age internet phenomenon. You could buy outfits for your customizable penguin avatar and decorate your igloo any way you wanted. You also had the ability to chat and interact with others through various social scenarios in the game.
Recently, financial services startup BlockFi came under fire for failing to properly register its services—more specifically, the BlockFi Interest Accounts—as securities. The company had to pay US$100 million as a settlement with the U.S. Securities and Exchange Commission (SEC). Launched in 2017, this U.S.-based company gained popularity for providing high-interest loans to its users.
If you are a frequent user of decentralized platforms, you must have been acquainted with the concept of decentralized autonomous organizations (DAOs). From startups to play-to-earn games—founders are optimizing the potential of DAOs to create ecosystems that thrive on collaboration and shared ownership.
Imagine Facebook, but without Mark Zuckerberg at its helm—sounds relieving, right? Well, that’s the concept of decentralized applications, or dApps. They are apps—akin to those on your phone—but without a single authority or entity controlling them. Today, there are approximately 4,000 dApps, with most of them existing on Ethereum. What’s more? Since October 2021, between 60 and 70 dApps have been launched every month.
About 60 percent of American and UK-based video game developers have started using blockchain technology. For them, the scope of innovation and real-world value offered by “play-to-earn” crypto games—absent in traditional video games—enhances their appeal. Players, too, have been enjoying the chance to earn money while playing video games.
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).
There is no denying the extensive reach and influence of social media nowadays. An increasing number of renters and buyers are turning to social media to look for property listings and find their dream home.
Bored of giving and receiving the clichéd chocolates and flowers every Valentine’s Day? Want to try something new and interesting to impress your partner? Well, fear not, we have gathered some non-traditional gift options for you to try out this Valentine’s Day!
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.
Almost all of us have been exposed to some form of user-generated content today. User-generated content, or content that you and I can create and share on Facebook or YouTube, came into being during the Web 2.0 era. User-generated content is so deeply ingrained in the fabric of the internet that some have even made a career out of posting content on various platforms.
College students are always looking for ways to make some extra money—and remote jobs might just be a tailor-made option for those who are looking for flexible gigs! Remote jobs allow you to work from home, on the go or anywhere that has internet access. Fortunately, the internet has created a plethora of opportunities for remote work.
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.
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.
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.
