As of November 2021, the cryptocurrency market is worth more than US$3 trillion, and the non-fungible token (NFT) market is worth more than US$7 billion. As cryptocurrency and NFTs continue to gain prominence, it has become crucial to understand various aspects of the two to make the most out of their surging prices and popularity.
The 2021 Chainalysis’s Global Crypto Adoption Index placed India second on a list of 20 countries in terms of cryptocurrency adoption and usage by individuals between July 2020 and July 2021. These statistics indicate the enthusiasm of Indians towards cryptocurrency.
NFTs are everywhere this year, and their popularity is exploding. From celebrities like Lil Nas X to Azealia Banks, everyone has been taking the plunge into NFTs. Thus, it comes as no surprise that the gaming industry would join in on the NFT trend as well.
As social media evolves, it’s not that hard to imagine that people can make a pretty penny from working as influencers online. The global value of influencer marketing has been estimated to be US$9.7 billion in 2021. Today, this field is not limited to “real” people (yes, you read that right!). Over the past few years, virtual influencers have been making waves on social media as well.
The shift from a standard 9-5—to either entirely working from home or to a hybrid work environment—has brought about a unique set of challenges. One of these challenges is keeping your team morale up and ensuring that everyone is on the same page.
What do Jay Z, Logan Paul and the financial services company Visa have in common? (besides the fact that all three have a lot of money, of course!) All three own some Cryptopunks. Cryptopunks are rapidly becoming extremely popular in the non-fungible token (NFT) space.
In August 2021, the artificial intelligence (AI) company OpenAI announced Codex, an AI that generates code from natural language. With Codex, programmers can now make natural language interfaces for existing applications. Codex is proficient in a wide variety of coding languages, including Python, JavaScript, Go, Perl, PHP, Ruby, Swift and TypeScript.
The term FemTech, a portmanteau for female technology, was coined in 2012 by Ida Tin, the founder of Clue, now one of the most popular period-tracking apps in the world with more than 14 million users.
On November 10, 2021, the U.S. passed a US$1.2 trillion infrastructure bill. The bill, or the Infrastructure Investment and Jobs Act, will ramp up government spending on public infrastructure like roads, bridges as well as water and broadband. The law was passed with a bipartisan vote of 69 to 30.
As our reliance on the internet continues to grow, brands will need to become more readily available over various media platforms to provide customer service. This will not only help the brand create a smoother shopping experience but will also help prospective customers know that the brand keeps up with the changing trends.
The United Nation’s 26th Climate Conference, “COP26”, came to a close on November 12, 2021. The UN, itself, wasn’t fully pleased with the outcome. Besides weak commitments made by countries within, the conference also witnessed protestors opposing “greenwashing” and demanding “system change, not climate change” outside.
Japan’s Fugaku supercomputer has retained its position as the number one computer system, followed by IBM’s Summit and Sierra in the U.S. In the 56th
Decentralized financing (DeFi) is a blockchain-based financial system that does not rely on traditional financial institutions like banks. Decentralized financing platforms allow users to trade cryptocurrencies and make available other financial services, like borrowing and lending. In 2021, DeFi industry has grown to US$80 billion, with an expected ten-fold growth by 2022.
Property technology (otherwise known as PropTech) may be just what the real estate industry needs most now. During the pandemic, housing sales have dropped significantly. As we enter a post-pandemic society, the real estate industry might just have to adapt to the changing trends that COVID-19 has accelerated.
2021 has been a significant year for the crypto sector, especially as it pushes itself into the mainstream. As of yet, the legal status of cryptocurrency differs from country to country. In some parts of the world, its status is legally defined, such as in Ukraine, Canada and Indonesia; while in other parts, regulations and crackdowns are tightening, such as in China and Singapore.
The doge meme and the cryptocurrencies associated with it have been gaining popularity all through 2021, and you have business magnate Elon Musk to thank for it—from spending the first half of 2021 tweeting about Dogecoin to outrightly admitting that he doesn’t have any Shiba Inu.