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.
Cryptocurrencies are known to be very volatile. There are days when you can easily double or triple your investment, but there are also days when you lose everything in a second. Since the crypto market is still unregulated, it’s a cinch for traders to rig prices and influence the market in their favor.
NFTs, digital collectibles with transferable ownership, have been steadily gaining popularity and value this year. Yet, locked on the blockchain network, NFT trades are oftentimes untraceable. In the third quarter of 2021, sales volume had surged to US$10.7 billion, up more than eightfold from the previous quarter, according to market tracker DappRader.
Are you new to the world of investing? Do you want to start investing for the future but don’t know where to start? If you answered yes to these questions, then micro-investment applications are ideal for you. This is certainly relevant if you don’t have a lot of money to start investing with, but you still want alternatives that help you put money down for the future.
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.
Alethea AI and beingAI are teaming up with Binance NFT to launch “The Transmedia Universe of Sophia beingAI” collection in an Intelligent Initial Game Offering (IGO). The collection includes 100 unique Sophia beingAI intelligent non-fungible tokens (iNFTs).
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.
PropTech (short for property technology) has been a great help to a lot of companies during the pandemic through the repurposing of vacant offices. Advancements made in related technologies are also utilized to protect the safety of homes.
On November 2, 2021, Meta, formerly known as Facebook, announced that it would be shutting down their facial recognition system amid growing societal concerns from users and regulators. Users who have previously opted in to the setting will no longer be automatically recognized in photos and videos, and the facial recognition template used to identify them would be deleted.
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.
An increasing number of companies are becoming more dedicated to improving racial equity. On August 31, 2021, Apple made headlines when they announced that they would invest US$30 million in its Racial Equity and Justice Initiative (REJI), which would support students, innovators and advocacy organizations that are helping to create a more inclusive and peaceful world.
If you’ve been following K-dramas, Itaewon Class must be on your watchlist. While the show offers a dose of drama, compassion and perseverance, it is also peppered with noteworthy business advice to help you succeed.
When it comes to the circulation of fake news, social media platforms are the clear winner. We have all been there. In the quest for reliable information, many of us have fallen into the trap of misinformation or fake news.
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