Earlier this month, the owner of Bored Ape non-fungible token (NFT) number 3547, Maxnaut, made a disastrous error by listing the NFT for 0.75 Ethereum (ETH) instead of 75 ETH, which was how much Maxnaut wanted to sell it for. In doing so, Maxnaut lost US$250,000. The NFT was picked up really quickly, with the buyer paying a heavy gas fee of 8 ETH.
Rapid advances in science and technology have led the global startup community to produce a number of technologies that have disrupted and altered business practices. The same can be said for India’s thriving startup ecosystem. Although India is not a new destination for venture capitalists, the country has seen an uptick in dollars spent over the last year and a half.
The buzz around the term “metaverse” has been growing exponentially ever since Facebook announced its name change to Meta Platforms, Inc., or Meta. However, there are many other companies that are making waves in this space. From a Shark Metaverse to Accenture’s metaverse-esque virtual office, the Nth Floor, the metaverse is redefining how we will engage with each other in the near future.
Crypto artworks released as non-fungible tokens (NFTs) have been gaining popularity in recent months. Many creators and companies have jumped on the bandwagon and released digital artworks of their own.
It is a universally accepted fact that we all have been struggling with working from home. Be it a struggle to balance work and personal life or just feeling lonely because of a lack of physical interaction, it has been a tough two years for a lot of us! All of this begs the question: Is the metaverse (or something similar to it) the answer to our need for a physical office?
While the metaverse might have only recently entered the limelight, the concept has existed for a long time. The term “metaverse” was in fact coined by Neal Stephenson in his 1992 science fiction novel, Snow Crash. He used the term to describe a virtual reality-based world that would take the place of the internet.
The COVID-19 pandemic brought with it a technological boom. As more businesses went digital, apps and websites became more and more relevant to sustain effective business functioning. While the need for apps and websites is increasing, the number of developers to keep them up and running has decreased.
3D printing has already made its way into major industries worldwide, but did you know it is also transforming the food industry? You’ve probably heard of plant-based meat, like the Impossible burger, but 3D-printed meat may sound like something from a sci-fi movie or an early April Fools’ Day joke, but it’s neither. The concept has become a reality, with multiple startups scaling the production of 3D-printed meat products
As we continue to see more and more advancements in technology, it has become much easier for people to age without suddenly losing their independence. As of 2019, the global average life expectancy has become over 70 years, nearly doubling from what it was in the 1900s. With rising life expectancy, it has become integral to focus on how to better the lives of the elderly population.
You would have to be living under a rock to not have heard the term “metaverse” in the past few months. A metaverse is essentially a world created by putting together augmented reality and virtual reality. It is meant to be the successor to the internet.
Whether you are a young working professional or an experienced employee with a big-league company, the quest to find the perfect balance between your work life and your personal life is a challenge for most.
Almost all big names have hopped on to the non-fungible token (NFT) trend this year. Be it BTS, Snoop Dogg or Shawn Mendes, we have seen many celebrities drop collectibles for their fans or at least confirm their plans of coming out with them. In fact, a company called Sorare made an entire fantasy football game around collecting NFTs.
On November 9, 2021, the global crypto market hit the US$3 trillion mark, which is more than the gross domestic product (GDP) of countries like India, the United Kingdom, France and Italy. With crypto becoming more and more widespread, individuals and companies alike have been seeking to benefit from the crypto mining (the process of adding new crypto tokens to circulation) business.
In November this year, Hybe, the South Korean agency behind the world-famous boy band BTS, announced its plans to enter the Non-Fungible Token (NFT) business. The agency plans to buy a 2.5% stake in blockchain-based startup Dunamu, and release BTS NFTs in a joint venture with the startup’s crypto exchange, Upbit. These NFTs will feature moving images and voices of the artists.
Bitcoin has become infamous for the tremendous amount of energy required to mine it. Bitcoin mining consumes 91 terawatts of electricity annually—more than what the entire country of Finland uses in a year. The process of Bitcoin mining also generates a large amount of heat that has been conventionally released into the atmosphere.
021 has been a great year for cryptocurrencies. In fact, the crypto market is expected to grow from US$1.6 billion to US$2.2 billion by 2026. The tremendous growth potential of crypto has inspired many to dive into the business. The typical way to go about getting into the crypto business would be to buy some of it.
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