The cryptocurrency market is a strange place. It’s the only ecosystem where assets that run on a meme can turn into a multi-billion dollar industry. Because of their high potential for profit, we see all kinds of people join in. And many of them are just trying to make a quick buck. It’s also an environment of sound projects, that have brought people incredible technological advances. Blockchain technology and the protocols that are running on it are setting a new paradigm through the decentralization of almost any industry known to man.
One major advancement that unraveled before our eyes are the decentralized finance (DeFi) market. This new financial ecosystem provided individuals all over the world with access to advanced financial instruments. Moreover, it helped the unbanked finally participate in the internet economy.
However, DeFi is not without its shortcomings. It remains largely unintuitive for the mainstream population and has encountered major drawbacks regarding liquidity. It’s this latter weakness that intrigues us in this article. Some major actors in the DeFi ecosystem tried to overcome the liquidity problem by releasing a mechanism that allows protocols to own their liquidity.
Continue reading Crash of the High Yield DAOs – Was It a Scam All Along?
Non-fungible tokens, more commonly referred to now as NFTs, have seen an explosion in popularity in the past year. Art collectors and investors alike have seen the value in these unique digital artworks, with some selling for millions of dollars. This has led to something of a gold rush in the space as many investors have scooped up NFTs hoping for massive returns.
While some of these investors have been able to make massive profits on early investment in the space, the jury is still out on whether NFTs will become a long-term investment, or if they are nothing more than a passing fad. That said, NFTs are a very promising development for creators and artists, and as an added bonus they are being seen as an ethical means to approaching art investing.
The following article will define NFTs, and then provide you with a step-by-step guide to creating or minting NFTs. So, if you’ve become interested in the process of NFT creation sit back and learn how to mint NFTs.
Continue reading How to Mint NFTs
For those wondering what is Polygon Network, you have come to the right place. Here, you will find a complete rundown of one of the most successful scalability solutions for Ethereum on the market. To this end, we will discuss the basics of layer 2 solutions, what they are, and why they matter.
More specifically, we will cover Polygon, explore the details on how everything works, and how it all interconnects with Ethereum. And finally, we analyze the benefits of Polygon for the environment if used extensively in the Defi and NFT markets. So keep on reading to learn what is Polygon, and how it can be used to create Ethereum’s internet of blockchains.
Continue reading What Is Polygon Crypto – Your Ultimate Guide to the Ethereum Scaling Solution
The NFT market has literally exploded in 2021. Even though the crypto markets are experiencing a significant slump, NFTs remained unphased. And the gaming industry is one particular niche where non-fungible tokens have been extremely successful. Game devs are increasingly taking advantage of blockchain technology to enhance gaming experiences and provide players with the means to monetize their favorite hobby.
However, NFT gaming has encountered some significant resistance from the gaming community. Not everyone is happy that NFTs are making their grand entrance in AAA games. The ethical implications of NFT in games are creating a huge divide between crypto and gaming enthusiasts.
In this article, we try to get to the bottom of this controversy and explain its repercussions on NFT gaming in the long term. To this end, we analyze NFTs in games, their practical applications, and their pros and cons. Then we will delve deeper into some recent developments in the gaming industry and analyze the possible outcomes from an ethical standpoint. So, are NFTs in games a blessing or a curse? To answer this question, let’s first try to define blockchain gaming.
Continue reading Ethical Implications of NFT Gaming – Future of Games or the Final Divide?
This article is the perfect place to learn about DAOs, their operational processes, and their pros and cons compared to traditional, centralized organizations. More importantly, we delve deep into the proliferation of DAOs as a tool to fight for a sustainable future. To this end, we will take a look at some of these organizations that want to create a better tomorrow for upcoming generations.
But before you are able to understand why DAOs can become an essential device at fighting climate change, let’s first demystify the concept of decentralization.
Continue reading The Rise of Ethical DAOs for a Sustainable Blockchain Future
Non-fungible tokens (NFTs) have become the latest obsession of the internet. Whether you are extremely online or rarely browse a social media site, it’s practically impossible to go through a whole day without the word NFT somehow making its presence known.
But NFTs are actually more than an internet meme or an overblown craze from the world of technology. When used correctly, they can give value to otherwise unappreciated digital content and smoothen out the problems in complex financial transactions.
In fact, they also hold the power to change the world of eCommerce as we know it. It’s all due to their highly secure technology and inherent qualities, which make these assets ideal for this extremely popular subset of online transactions.
Continue reading Using NFT in eCommerce: Here’s What the Future May Look Like
In this Polkadot review, we take an in-depth look at one of the most promising blockchain projects in the crypto market. With our analysis, we try to help you get a better understanding of the Polkadot blockchain and how it works. To this end, we briefly explore its beginnings and delve deep into the tech that makes this project such an appealing premise in the crypto ecosystem.
In addition to the basics, we’ll also cover one of the hot topics of the blockchain industry at the moment – the Polkadot Auction system. This should allow you to understand how this next-gen blockchain can become the foundation for the Web3 we were all waiting for.
First things first, let’s start with the basics. What is Polkadot and how does it fit into the current blockchain ecosystem?
Continue reading Polkadot Review – Your Ultimate Guide to the Blockchain of Blockchains
Investing during bull runs might seem like a piece of cake. But what can you do when prices start falling? Well, to begin, you need to adapt to the downturn, both mentally and technically. This guide will teach you how to prepare for a bear market that could be right behind the corner.
In our post, we explore the crypto market cycles, how and why they occur, and how to detect a market shift before it’s too late. We will also try to help you prepare mentally when everything seems to be going wrong. Moreover, we will provide some foolproof strategies to conserve your hard-earned capital. You will even be able to start making profits even though prices are plunging.
Continue reading How To Prepare for a Bear Market
If you have been spending time in and around the cryptocurrency industry for a while, especially in the Ethereum sub sector, then you most likely have heard about the names of MyEtherWallet and MetaMask. It is quite possible that you may have also used their services as well.
To summarize, MyEtherWallet and MetaMask are two of the most popular ways to store and access Ether (ETH) as well as other Ethereum-based tokens and cryptocurrencies, such as those created on its ERC-20 standard.
Continue reading MyEtherWallet vs MetaMask – Everything You Need to Know
Eager to find out which is the best NFT wallet for your digital collectibles? This article will provide you with an exhaustive list of the best cryptocurrency wallets to store NFTs and efficiently participate in this growing DeFi niche.
So, if you are an aspiring NFT artist, collector, or trader, look no further. We will give you a good overview of the pros and cons of each solution on our list. This should allow you to choose the best NFT wallet depending on how you plan to use it.
Continue reading Best NFT Wallets for Storing, Trading, and Collecting Digital Assets