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What Is GameFi? Explaining Gaming On The Blockchain
Lying at the intersection of gaming and decentralized finance, GameFi is attracting widespread attention from the crypto world. For both players and investors, the appealing themes brought together by GameFi are re-shaping the way in which we interact with digital experiences and online games, from owning assets to making money for simply enjoying our favorite game. And as GameFi continues leading the race of technological innovations re-shaping the gaming industry, you might want to dive deeper into it. ## What Is GameFi? GameFi stands as the combination of the words “game” and “finance”. In doing so, GameFi brings together blockchain technology, including NFTs, cryptocurrencies and decentralization, and advanced gaming mechanics to create virtual environments where players can generate income from simply playing and enjoying their gaming experience. GameFi powers blockchain games where players are financially rewarded for the time and effort they put into playing. This model is better known as Play-to-Earn. Economic incentives might include tokens, upgrades, avatars, virtual land and much more. Typically, players are rewarded for completing game-related tasks like creating original content, mining resources, progressing through different levels and battling other gamers. Unlike traditional video games, GameFi allows players to not only earn and collect in-platform assets, but also transfer them across different games and platforms. In doing so, gamers can also monetize their experience by selling or trading their items. In other words, beyond the economic rewards, GameFi presents the players with the chance of owning digital assets that can be part of transactions across different platforms. This is made possible thanks to decentralization and NFTs, which bring a brand new type of digital ownership to the table. Until recently, games took place within a siloed, centralized ecosystem, controlled solely by developers. No matter how much time and dedication you’d put into playing your favorite title, at the end of the day your treasured collection of coins, prizes, avatars, weapons and other assets was never really yours and ultimately had no real world value. By letting players have real ownership over their gaming items, GameFi and play-to-earn have paved the way for an economy based on player empowerment. This trend is hardly something to be scoffed at. After all, the blockchain gaming industry saw a staggering 2000% growth between last year and the first quarter of 2022, with billions pouring into this segment of the market. The adoption of blockchain technology by developers is also driving a wider market expansion, with projections showing a double-digit growth over the next decade, to $545.98 billion by 2028. So, now that you know what GameFi is, let’s take a closer look at how it all works. ## How Does GameFi Work? While the concept is still fairly new, GameFi holds the promise of driving massive expansion across the entire industry by integrating gameplay, NFTs, play-to-earn and decentralized finance. As we explained earlier, in GameFi, digital assets like plots of land, avatars, virtual clothing, special powers and weaponry are represented by non-fungible tokens, allowing players to take ownership over them. Through gameplay, you’re able to earn more items and have the option of trading them via an NFT marketplace both inside a game and outside, thus opening up new monetization avenues. The specifics - and rewards - differ depending on the game, ranging from completing tasks, developing mini-games and building virtual infrastructures to designing wearables and battling other players. In addition, players are also increasingly drawn to GameFi and P2E because of the potential to earn passive income through renting, lending or staking assets. Before we more forward, let’s break down the main components of GameFi: ### Blockchain Blockchain technology is the foundation of GameFi platforms. The majority of blockchain games are built on the Ethereum network, although GameFi protocols like Polygon, Polkadot and Solana are increasingly being used as they have higher-capacity and speed features. Running a game on a blockchain’s distributed ledger not only enables player ownership but it also ensures that all transactions are transparent, fair and open. ### Non-fungible Tokens (NFTs) In P2E games, NFTs are used to represent assets and enable transactions in the marketplace. In- game NFTs can be exchanged for other NFTs, cryptocurrency of fiat money. Unlike traditional online games, P2E NFTs ensure that all in-game assets are unique and that they cannot be duplicated or fake in any way. A great number of P2E games are focused on encouraging players to pass through different game levels while monetizing virtual land and improving their digital characters (or avatars). ### Play-to-Earn Model In contrast to play-to-win games where players have to pay their way into and through gameplay, GameFi will reward you for just playing. As you keep progressing, you’ll amass digital collectibles, in the form of NFTs, and cryptocurrency. In return, players usually have to complete tasks, including winning battles and daily quests. These assets hold value and can be traded and exchanged in the marketplace. ### DeFi Components Many GameFi projects also integrate decentralized finance (DeFi) elements. Some of the top GameFi games will let players generate passive income through staking tokens, while others might let you earn in-game rewards in return for locking your in-game assets and cryptocurrency in smart contracts as part of a yield farming feature. When it comes to GameFi, Axie Infinity stands as one of the most successful games available and the title that helped pave the way for others in the industry. Launched in 2018, Axie is a monster-battling blockchain game through which users purchase NFTs of cute digital creatures that can be pitted against others in battles and challenges in return for the native token AXS. Axies can be traded on the marketplace for real money - and the value of these monsters has gone as high as $1.5 million. Adding to that, virtual land in this game has also attracted widespread attention, with a land sale last year reaching $2.3 million. By collecting, raising, breeding and battling Axies, players can increase their chances of getting more rewards. AXS tokens can also be staked to earn interest. Given that the majority of blockchain games have little to no entry fees, becoming a dedicated player can turn out to be extremely rewarding. A recent report released by Binance has highlighted GameFi as one of the major reasons why more game developers are embracing blockchain technology, citing the example of companies like Ubisoft, EA (Electronic Arts) and Tencent who’ve recently entered the blockchain gaming space. The report also shows that despite a downturn in the crypto market, the number of GameFi projects has continued to rise, reaching 1,551 games as of June 2022. ## Benefits of GameFi The cryptocurrency world is buzzing about GameFi, no doubt thanks to the many advantages brought by this new model. While you might already feel convinced, here are a few more benefits of GameFi to consider: ### Earn by Playing Let’s face it - doing what you enjoy the most and getting paid for it is a winning combo. And even more so in gaming. After all, the average gamer spends on average 8 hours and 27 minutes per week playing, so that’s a lot of time that could be easily monetized with GameFi. The world of video games has long been dominated by the “play-to-play” model, meaning that players have traditionally been forced to pay with real money for in-game items, including avatars, accessories and upgrades. However, this system is a one-way street since only developers make money in the gaming ecosystem, shutting out players and offering no opportunity for shared profits. With GameFi, players no longer have to be taken advantage of as money-making becomes accessible to everyone. Financial inclusion is then a major advantage of the GameFi model. ### Asset Ownership The integration of non-fungible tokens enables ownership of in-game digital assets. In reality, what this means is that unlike legacy games, game developers aren’t the sole authority having a say over gameplay and the scope of the assets within it. Once the legitimate owner of an NFT, you can rest assured that it’s you who gets to decide what to do with it, inside and outside the game. Another benefit from integrating NFTs into gaming is that, even if the game fails or the developers make modifications to a game, your assets won’t be worthless as you’ll be able to move them elsewhere. ### Compelling Gaming Incentives Under the GameFi model, the emergence of the first PE2 titles marked a major transformation in the industry, putting the traditional gaming revenue model into question. As we explained earlier, up until recently it was impossible for players to transfer and use their in-game assets outside the ecosystem of a particular game. Blockchain gaming upends that structure by enabling virtual tokens to be used across different environments and exchanged for cryptocurrency or fiat money. ### Participation At a Low Cost Gaming has historically required that players pay a number of fees, from purchasing the actual game to paying for upgrades. By comparison, the vast majority of titles in GameFi are entirely free to play, making it an accessible activity for more people. On the other hand, P2E games offer compelling rewards that keep playing costs close to zero. ### Taking Control Over Gaming Experience We’ve spoken about how NFTs help establish asset ownership, authenticity and control over in-game items. And while that is an undisputed upside of GameFi, this model ultimately translates into an improved experience across the board thanks to enabling players to take control over their entire gaming experience. That is particularly true in P2E games that offer governance tokens, allowing holders to have a direct say in product-related decisions and the future direction of the game. ## How To Get Started With GameFi Games As GameFi keeps flourishing, hundreds of new titles are emerging every month. We can expect every game to have its own mechanics requirements and gameplay. However, to get started with GameFi, there are typically a few common steps you’ll have to follow such as purchasing cryptocurrency and a crypto wallet to store and manage in-game assets. Here is how it normally works: ### 1. Set up a crypto wallet Before you try your first GameFi game, you’ll likely be asked to get yourself a crypto wallet, such as MetaMask or Trust Wallet. Feel free to explore our latest guide to the top NFT wallets available in 2022. However, one aspect to keep in mind is that your wallet must be supported by the blockchain in which the game is running, such as Ethereum and Binance Smart Chain. Depending on the game, you might also be required to use more than one wallet and blockchain network. We recommend that you check the game’s official website to make sure you have all these details worked out. ### 2. Connect your wallet to the game Before you start playing a blockchain game you need to connect your wallet to the actual game. This should be a fairly simple step, especially if you use an intuitive wallet such as MetaMask, helping you store and manage your game tokens and interact with different blockchain applications. ### 3. Check the game requirements In order to make the best out of your experience and maximize your earnings, it’s always best to get familiar with the ins and outs of a P2E game. For example, Axie Infinity will ask you to purchase three Axies before starting to play while other projects might have other prerequisites like the types of wallets they accept or cryptocurrency you can use across the network. ## Top GameFi Games Now that you know how to get started with GameFi, perhaps you’re interested in knowing what are the best blockchain games you can give a go today. We’re previously put together a list with 11 top options, but here’s a quick recap: ### Axie Infinity
Best NFT Wallets: Top 11 Options in 2022
Non fungible tokens (NFTs) have grown in popularity in the past year. They provide NFT users with verifiable proof of authenticity and ownership within blockchains. NFTs are representative of both real-world and digital assets such as artwork and property. Before you jump into investing in or collecting non fungible tokens, you will need to set yourself up with an NFT wallet. Then you’re all set to become a bonafide NFT collector. In fact, NFT wallets are a crucial part of the investment process as they keep your NFT collection and cryptocurrency in one convenient and secure location. So before you invest in NFTs from your NFT marketplace of choice, you should gain an overview of the various NFT wallets available to you. NFTs have become so popular due to the growing interest in crypto collectibles. This reasoning behind this trend is two-fold: firstly, many NFT collectors like to be able to say they own something rare; secondly, people enjoy owning a digital asset that will grow in value over time, making NFTs valuable investments. While they can certainly be considered a “new-age” investment, they hold a number of advantages over other cryptocurrencies. They can be traded with other collectors on exchanges and are therefore good for long-term investment. NFT collectors can also store their tokens in a wallet like they would do for any other crypto asset. ## What is an NFT wallet? An NFT wallet is a type of cryptocurrency wallet that supports the blockchain the NFTs have been built on. Your NFT wallet will need to also support the cryptocurrency you will use to purchase NFTs, for example, Ether. They provide a safe gateway to managing, buying and selling NFTs. Top NFT wallets serve as your crypto portfolio tracker to keep your NFTs safe. An NFT wallet doesn’t actually store your crypto and NFTs. They give you access to your digital assets that are stored on a blockchain. The wallet provides you with a private key that allows you to authorize transactions. A crypto wallet with NFT support removes the need to worry about any of the technicalities of buying and selling NFTs by providing an easy-to-use user interface. With two-factor authentication the norm with most NFT wallets, they provide enhanced security and a convenient way to keep track of your crypto assets. NFTs are built on various blockchains, so NFT wallets support certain or all blockchains. Here is an overview of the most common blockchains: - Ethereum: you will find this is the most common blockchain for NFTs. It has an active community who are continuously working on developing new features and bug fixes. - Solana: this is a very user-friendly blockchain and one of the fastest-growing NFT and cryptocurrency development platforms. Solana hosts a number of Web3 sites, NFTs and Defi applications on a few NFT wallets. - Polygon: this blockchain provides an affordable platform for users to launch NFT projects on. It is suitable for users looking to establish a large portfolio in the best NFT wallets. - Cardano: this blockchain uses a proof-of-stake system. This feature makes Cardano a top NFT wallet provider. Users are able to create NFTs and other highly-scalable DeFi applications. - Tezos: this blockchain uses a proof-of-stake system for NFT wallets. It is an affordable blockchain network which makes it suitable for creators of NFT projects and for the storage of NFTs. - Binance Smart Chain: this is a simple blockchain network that allows developers to design and launch projects quickly as well as to securely store NFTs. BSC also offers very fast and affordable NFT transactions in some of the best NFT wallets. ## Types of NFT wallets You will need to decide whether you prefer using a custodial NFT wallet or non-custodial NFT wallet. Here is the difference between the two. ### Custodial NFT wallets When you select a custodial wallet, a third-party controls the private key and essentially acts as the custodian. They will guard your key and keep your NFTs secure. These wallets tend to be easier to set up as you do not have to remember a complicated private key. Custodial NFT wallets normally require the completion of a KYC process, which can compromise anonymity. ### Non-custodial NFT wallets A non-custodial NFT wallet allows NFT users to trade and access NFTs on their own. In this case, you are responsible for storing and remembering your private key. Should you lose the private key, you will lose access to the NFT assets forever. ## What can you do with an NFT wallet? NFT wallets take care of all the complicated tasks that come with trading NFTs to make the user experience seamless. However, despite all this happening in the background it is still helpful to know exactly what is going on. ### Store NFT private keys Despite being called NFT wallets, your NFTs are not actually stored in a wallet. They are always stored on the blockchain so you never actually have them in your possession. An NFT wallet will store your private key which gives you access to your NFTs so you can easily manage, buy or sell your NFT assets. Whoever has the private key has access to your NFTs so it is imperative to keep your key safe at all times. ### Transfer NFTs to other wallets In order to purchase most NFTs, you will need to hold cryptocurrency. The best NFT wallets will allow you to hold crypto in your wallet in order to facilitate purchases. #### Connect to dapps and marketplaces The best NFT wallets will be able to connect you to NFT marketplaces. Some of these decentralized marketplaces may require you to link your NFT wallet to the marketplace in order to purchase NFTs. It is important to use an NFT wallet that supports the marketplaces you wish to purchase NFTs from. ## Choosing an NFT Wallet: Things To Consider There are a few important considerations to make when selecting an NFT wallet. ### Multichain compatibility Your NFT wallet should be compatible with as many blockchains as possible. While the majority of NFTs are supported and built on Ethereum, there are an increasing number of blockchains which also support NFTs. Therefore it is important to select a wallet that allows you to easily access NFTs across a number of blockchains. ### Security Selecting a secure NFT wallet is of the utmost importance. Your wallet of choice should offer excellent security to safely protect your NFTs and other digital assets. The best NFT wallets will offer two-factor authentication as a standard security protocol, which adds a layer of security to your account, preventing hackers from gaining access. Your NFT wallet should have secure encryption technology to protect your assets from malicious attacks. ### Anonymity It is important to keep in mind the level of anonymity and privacy the NFT wallet can provide. For example you may find that certain wallets have weak privacy settings that allow anybody to see transactions made. The ones with stricter privacy policies, however, can have a less user-friendly interface because they do not have integrated exchanges. Do keep in mind that personal data is highly sought-after in the current market so selecting an NFT wallet that protects your personal information is a fairly important consideration. ### User experience User experience is an important consideration when selecting an NFT wallet. When the user interface is easy to use and understand, it makes buying and selling NFTs much simpler. ### Pricing Price is another consideration as it can affect the profitability of trades. You need to look into the conversion fees your NFT wallet charges. If you buy cryptocurrency with fiat currency, you may be charged for the currency conversion. Pay close attention to fees related to withdrawing and depositing NFTs as well. ## Best NFT Wallets We have selected the most popular NFT wallets, each with their own set of features. We will highlight their best features and some of their pros and cons below. ### Metamask Wallet
Top Move-to-Earn Games To Play In 2022
Play-to-earn has become a defining trend in both gaming and crypt. The idea that you and I could be rewarded with real money in return for spending time doing the things we enjoy the most, like playing an online game, is certainly appealing. And without any specific entry requirements or skills needed, this economy has boomed into a massive market with millions (quickly swelling into billions) of dollars at play. Taking inspiration from the success of the P2E model, there’s similar phenomenon now growing that aims to link gaming and crypto to health - Move-to-Earn. Simply put, M2E apps and games track real-life movement and reward its users for the physical activities they’re engaged in. This way, your morning walk, Saturday jog or weekly sports practice can be easily monetized. At a time when we as a society are increasingly more concerned about health and fitness, having apps that not only promote a healthier lifestyle but that also provide a monetary incentive in return for being fit can have significant value. With that said, today we're delving deeper into what makes move to earn games the next big thing - and which apps top the best of the best. ## What Is Move-to-Earn (M2E)? The move-to-earn trend started taking off during the Covid-19 pandemic, with many of us confined to our homes or short walks around our neighborhoods. The scrambling for inventive ways of keeping active kicked off the popularity of M2E as more people strived for the extra motivation not to turn into a couch potato. It also became an unexpected way of making money while staying at home and going about routine physical activities, no matter how small. Move-to-earn combines blockchain technology with gaming and fitness, incentivizing users to keep an active lifestyle in return for a wide array of rewards, usually tokens that might have real life financial value. The idea of rewarding users for exercising is far from being new. After all, when Pokemon Go was launched six years ago, the game led to a global furore with players taking to the streets of cities all over the world in a bid to catch Pokemons. The game - still available and popular today - makes use of a player’s smartphone’s GPS and camera to geospatially overlay a Pokémon onto real world locations, enabling new creatures to appear as the user keeps walking through different places. With M2E apps, the move you move, the more you earn. In addition to your regular physical activity routine, you can also take part in the fitness challenges promoted by many of these platforms. The rewards vary from platform to platform, but generally speaking rewards come in the form of tokens and they can be exchanged for other forms of crypto or simply cashed out as fiat money. In addition, if you’re feeling generous, you can simply choose to donate your tokens towards a charity or social projects that speak to your heart. The number of M2E games has seen a great rise in the last year, in line with other developments in emerging technology like VR, AR and blockchain. We’ll walk you through the top apps you need to know in 2022 a little later on. ## How Does Move-to-Earn Work? Getting started with a ME2 application is easy as the model is already pretty straightforward itself. Move to earn apps use a smart device like a phone, watch or wearable and its movement detection capabilities to collect behavioral data about the user. This data includes GPS-enabled features such as location and distance covered in addition to number of steps and calories burnt. The information collected about the user’s body activity is then converted by the M2E app into in-platform rewards. Now, you might be wondering whether this is not a model that can be easily exploited by cheaters. Yes and no. Surely, there will be people who would want to try and game the system (pun intended). However, the leading M2E games and applications in the market have many protocols in place to separate legitimate users from those trying to take advantage. Some of the most used anti-cheating measures include using machine learning and data collection to detect abnormal activity levels and token generation, while working to establish the authenticity of a user’s fitness data. Limits can also be put on the number of tokens earned during a specific time period. Fraudulent users using bots and GPS spoofing are more than likely to get caught and banned from these apps. ## How Exactly Do you Earn Crypto With Move-to-Earn? Fortunately, there are many ways in which you can earn while staying fit. Better yet, you won’t always have to actually break a sweat for it. Here are a few strategies: ### Exercising When it comes to earning crypto (and real world money) with M2E, getting physical is the way to go. After all, the whole concept revolves around physical exercise and incentivizing fitness while rewarding those making an effort to improve their health. The best move-to-earn apps reward users with utility tokens and NFTs. These earned tokens can then be traded for goods and services, sold in exchange for other cryptocurrencies or swapped for fiat money via a cryptocurrency exchange. ### Minting Some M2E apps allow their users to earn crypto by minting new NFTs, which can then be bought, sold or exchanged through dedicated marketplaces. NFT sneakers are currently the most popular digital assets users are likely to come across in a move-to-earn game or app. ### Trading The more active you are, the more rewards you’ll be getting. As such, you’re likely to find yourself owning a collection of in-game items that might have incredible value in the marketplace. Take for example the running shoes in the StepN app. Those can be worth hundreds of dollars depending on features such as rarity, efficiency and resilience. And as players of this app can choose to breed new NFT sneakers, their value has tended to rise. ### Staking While being active is key in getting rewarded with M2E, that doesn’t mean you can’t make your tokens work for you during your downtime. With staking, users are rewarded for simply holding on to their tokens. And return for allowing their idle crypto to be used for other operations on the platform, users are paid an interest. In other words, staking is very close to having a regular savings account. ### Renting Another way of monetizing your M2E experience is by simply renting your digital assets to other users. For example, you can rent your virtual sneakers and get a cut of the earnings of the person they’ve been rented to when they complete missions like fitness challenges and marathons. ## Why Should You Try M2E? One of the main reasons why move-to-earn has become one of the most talked about crypto trends of 2022 boils down to its wide appeal. What’s not to like about getting rewards for the things we already have to do anyways, from walking the dog to the daily work commute. If you’re looking for motivation to stay active, knowing you’re earning money for it can also be a great incentive. And that’s not to mention that, unlike other crypto-related ventures, M2E can be a low risk commitment that has no hidden fees or upfront payments needed to enter the blockchain world. Instead of having to choose whether to play games or go out and break a sweat, with M2E you can do both while having great fun at the same time. ## How to Choose the Best Move-to-Earn App Just like with any play to earn game (feel free to check our previous post on the topic), there are a few indicators to watch out for when choosing the best move to earn game or app. ### Accuracy First are foremost, you'll want to make sure your app is accurately measuring your physical activity. Not all apps record data in the same way, leading to situations of both over and under report. It goes without saying that this is less than ideal, especially when your rewards depend on it. ### User Interface Let's face it - no one likes spending unnecessary time trying to figure out how to work with a new app or game. A user-friendly interface is essential in convincing new users to place their time and trust onto a platform. The best move to earn games should be simple and straightforward. ### Simple Signup We're all looking to get straight into the juice, without spending too much time filling in our personal details and other KYC data. Some crypto apps can be a turn off by complicating their sign up process, but the good ones will have understood the benefits of making it short and sweet. Now that we’ve enticed you this far, get to know the best move to earn games and apps worth breaking a sweat for. ## The Top 10 Move-to-Earn Games You Should Try Now
### Stepn
How to Play Axie Infinity
Ever since the maturation of cryptocurrencies, blockchain gaming took the world by storm with its lucrative offers. From P2E games to gigantic metaverses, the virtual world is now a playground for millions around the globe to turn their tech-savviness into a lucrative means of earning. In the Play-to-Earn (P2E) spheres, Axie Infinity is dominating blockchain gaming with its immersive offerings. Developed by Sky Mavis, Axie Infinity is the most popular P2E game on the market with millions of players joining each day to dip their toes into the blockchain gaming scene.
The concept of the Play-to-Earn (P2E) feature incorporated into Axie Infinity opens up alleyways for its players to earn lucrative awards by engaging with the gameplay. Over the past couple of years, millions of players have tested their might against some of the most powerful Axies of the metaverse and managed to rack up lucrative offerings, courtesy of the rewarding gameplay of Axie Infinity. While this game may seem like a simple card game, there are many factors that contribute to the success of the person. In case someone wants to experience the immersive world of this P2E title and get paid for it, they will want to learn how to play Axie Infinity. ## What is Axie Infinity? Axis Infinity revolves around powerful NFTs referred to as ‘Axies’ which square off against opponents in turn-based style combat. Each player controls 3x Axies and engages in Pokemon-inspired gameplay where each side gets to land attacks of their own using various attack cards in their arsenal. Built on the Ethereum blockchain, Axie Infinity features player-versus-environment (PVE) and player-versus-player (PVP) modes. By engaging in these modes, players earn SLP and AXS, two main tokens in the game’s ecosystem. These tokens are used for various utility purposes including purchasing supplies in the Axie marketplace to breed the Axies. Axie Infinity was released in 2018 and Sky Mavis was the studio behind developing this revolutionary P2E game. Ever since its release, this P2E title soared in success with millions of sign-ups and a record-breaking 2.7 million concurrent users. Even with the proliferation of P2E titles on the market, Axie Infinity remains the most popular P2E title due to its impressive gameplay and monetary offerings. ## How does Axie Infinity work? Axie Infinity features Arena mode (PVP) which allows players to face off in a turned-based style of battle and rewards the winners for excelling in their strategies and dominating their opponents. To do well in the Arena mode and get rewarded in SLP, players are required to battle with resilient Axies and devise clever strategies to defeat formidable opponents. Similarly, Adventure mode (PVP) lets players engage with the cute monsters of the wild to get rewarded in SLPs. There are a total of 36 levels in the Adventure mode and defeating each level would award Smooth Love Potions (SLP) and experience points which would contribute to advancing the levels of each Axie. ## Axie Infinity Tokens Explained The ecosystem is fueled by a dual-tokenomics system with Smooth Love Potion (SLP) as the utility token and Axie Infinity Shards (AXS) as the governance token. Both of these tokens are offered to the players through the completion of various in-game objectives and challenges. ### What is AXS token? Axie Infinity Shards (AXS) is the governance token in the game’s ecosystem and it is an ERC-20 token with a fixed supply of 270,000,000. The AXS token is awarded to players for completing various quests and objectives. Furthermore, players can convert their SLPs into AXS tokens to be a part of the immersive concept of the Decentralized Autonomous Organization (DAO). AXS holders will have the ability to get a say in the future policies of the game. Since the game is operated through DAOs, players having a healthy amount of AXS tokens are the most likely to be able to influence game-related decisions. ### What is SLP token?
Best Blockchain Hardware Wallets
Blockchain hardware wallets are the most secure way to store your Bitcoins and other cryptocurrencies. A hardware wallet is a small physical device that safely stores your private keys in an offline location. If you are serious about trading crypto and the security of your digital assets, it is essential to invest in hardware wallets. Some seasoned traders even have multiple hardware wallets. There are a lot on the market so we will run through the best hardware wallets to help you make an informed decision. Hardware wallets can help crypto traders feel more connected to their funds and provide peace of mind that those assets are secure 24/7. Many traders may argue that most exchanges have reasonable security measures in place, but they are by no means bullet-proof. There have been a number of breaches over the years with some investors losing millions of dollars worth of crypto. Not worth the risk, right? A crypto wallet that offers cold storage mitigates this risk. You’ll find some exchanges that are a little shady or don’t invest enough in their security, unbeknown to their clients. Even if you are storing your crypto on the most well-regarded exchange, the bottom line is you are not in control of your assets. Your private keys are held by the exchange so if something goes awry, there is nothing you can do about it. The top crypto exchanges make security a top priority, often storing funds in cold storage - an offline mode that adds a layer of protection against hackers. Most will also require a Know Your Customer (KYC) process on sign up and have two-factor authentication in place. The drives that hold users private keys are sometimes even stored in highly secured vaults, lauded over by armed guards. Does this deter hackers? Definitely not…there is too much money at stake for them to steal. With new technological advances everyday, hackers can eventually find loopholes and ways around the most fortified security systems. In addition to this, is the question of ownership. You have invested in the crypto so should have full control over what is done with that investment, including having the keys to it in your possession. So what happens now if you decide you no longer want to store your crypto on an exchange. There are three options available to you. The first option is storing your crypto on a mobile wallet via a mobile app. Mobile wallets do provide you with greater control over your digital assets and give you more freedom to use the funds to pay for goods and services. Their downside? These crypto wallets are connected to the internet so remain vulnerable to attacks. Your next option is a paper wallet. With this route, you will print out your private keys, usually in the form of a QR code and store them somewhere secure. This does have its benefits, particularly if you plan on storing your crypto coins for years without selling or trading. The third option is a hardware wallet, the best crypto wallet for serious traders who hold large amounts of crypto. Read on for an explanation of what a blockchain hardware wallet is and for a list of the best hardware wallets. Each hardware wallet we cover below includes a very important security feature which is enabling backups of your private keys. This way if you ever lose your wallet you have the ability to restore your wallet and funds. It's vital to keep your security seed phrases somewhere safe to be sure you never lose access to your digital assets and lose money.
A Guide To Bored Ape Yacht Club
The Bored Ape Yacht Club (BAYC) is one of the most popular NFT collections out there. If you bought an ape in the early stages of the project, lucky you. In less than a year, the price of these NFTs skyrocketed, with many selling for over $200,000 apiece. Having an ape as a profile picture on Twitter has quickly become a sign of exclusivity and wealth. But being a part of this community goes beyond money and power. Owning the traditional ape, a mutant ape NFT, or even a Bored Ape Kennel Club NFT comes with its benefits. BAYC members are given unparalleled access to one of the world's most exclusive social clubs. From access to the mutant serums that allow you to create mutant apes, members-only events such as ApeFest, owning the commercial rights to some of the most exclusive NFTs out there, and more, many other NFT projects cannot compare. If you're looking to find out more about the Bored Ape Yacht Club, you're in the right place. From who owns BAYC NFTs and their benefits to who created the project, our Bored Ape Yacht Club Guide has everything you need to know.
Top 10 Defi Projects In 2022
Decentralized finance, also known as DeFi, has been a growing sector of crypto, with some $71.35 billion in total value locked across all networks (at the time of writing). And this is despite the current downturn in the overall crypto market. The DeFi space is seeing a number of successful projects blowing up, leveraging the best out of blockchain technology to replace traditional market makers and remove the need for intermediaries to power decentralized ecosystems, opening up finance to a wider group of users. Whether you’re looking for a loan or you’re an entrepreneur seeking backing for your next big project, DeFi could be the answer. Don’t know where to start? We’ve put together a list of the top 10 DeFi projects (and DeFi tokens) you ought to know in 2022. ## What Is Decentralized Finance (DeFi)? Decentralized finance covers a great number of financial activities that take place without the intervention of any intermediaries and centralized authorities, like a bank or the government. Some of the transactions you’ll see with DeFi resemble traditional finance, like loans, transfers, exchanges and insurance. But whereas a third party is required to validate typical fiat transactions, with DeFi smart contracts can be used across the entire system to enable a true decentralized ecosystem. In fact, this principle of decentralization can be applied well beyond just payments, lending and borrowing to all services that use cryptocurrencies and blockchain-based protocols. All of this can help not only tackle bureaucracy issues but also speed up transactions and enable a financial system that can be more transparent and accessible to people who would otherwise be shut off from the traditional financial system. ## Top DeFi Projects In 2022
### Polygon
What is Stepn? The Ultimate Guide To This Move-to-Earn App
Have you heard about the latest app the tech world is buzzing about, called Stepn? What is Stepn, you ask? Stepn is the first non fungible tokens game, powered by the Solana blockchain, revolutionizing the move to earn concept. It is a web3 lifestyle app combining AR with tokenizing everyday activities like exercise. Users can earn crypto tokens by walking, jogging or running with NFT sneakers, essentially a pair of virtual sneakers that determine how long you can train for and how much you can earn. The aim of Stepn is to motivate people around the world to get moving and exercise by rewarding them with crypto tokens. Stepn is the first fitness app to be built on the Solana blockchain. Not only can players earn tokens while exercising but there is a game element too. Players can drop treasure boxes during their sessions. As the first app on web3, Stepn has secured an impressive investment of almost $5 million from the likes of Solana Capital, DeFi Alliance and Morning Star Ventures - investors who share Stepn’s vision. The funding raised will go towards building an app that will inspire millions to get moving and improve their overall health while earning passive income.
How To Earn Passive Income With DeFi: Top 5 Strategies
Not so long ago, during the early days of crypto, blockchain assets had very limited uses. They could be traded or stored on exchanges and wallets. However, the emergence of DeFi opened up new ways of using crypto and maximizing returns, even when assets are simply left sitting on an account. In this context, you might have heard of the term “HODL”, which has become a go-to strategy in crypto for buying and holding tokens regardless of price swings. With Decentralized Finance, users can explore ways of earning passive income by putting their idle cryptocurrency (and other digital assets) to work on lending protocols, liquidity pools and decentralized exchanges, to name just a few options. Just like with depositing funds into a typical savings account, crypto users can also park their funds across a wide variety of decentralized platforms and receive interest payments and other rewards. In fact, the interest rates offered in crypto are often higher when compared to traditional finance. making it an attractive proposition. There are, however, a number of risks to consider such as wild market swings, ‘rug pulls’ and the bankruptcy of crypto platforms. That said, trying to earn passive income with DeFi can be a particularly advantageous investment strategy, particularly during the current crypto winter. There are many ways of going about it, from staking your assets and lending them to experimenting with yield farming and liquidity mining. To help you find your way around, we’ve put this guide together. ## What Is Defi? Let’s start with the basics. For those who’re not familiar with the concept, DeFi stands for Decentralized Finance. In other words, DeFi refers to financial products and services that run on a decentralized network of computers, removing the figure of a central authority or intermediary to help execute transactions. In this context, market participants interact via peer-to-peer (P2P). DeFi is seen as an alternative to the traditional financial system, run by banks, central banks, credit unions, governments and other established financial institutions. The operations supported by DeFi protocols such as payments, loans and transfers, run on a blockchain and are executed through smart contracts, which are self-executing computer programs. Based on all of these features, the technology enables the creation of a global financial system that can be less bureaucratic, more transparent, safer, cheaper and accessible to everyone. ## What Are The Advantages Of DeFi Much like cryptocurrencies, DeFi is being billed as an alternative to fiat-based platforms. In this context, financial operations like lending, loaning and staking can be done without the interference of an intermediary. Moreover, the use of smart contracts helps address inefficiencies in the system, lower costs and, often, minimize the risk of default by debtors. By challenging the monopoly of fiat currencies, DeFi can offer a new world of financial opportunities to users all around the world. ## How Does DeFi Passive Income Work One of the most popular applications of blockchain technology has become decentralized finance. For those who are ready to dip their toes into the world of cryptocurrencies but aren’t quite ready to make a big investment - especially in the current market - earning passive income with DeFi can be a good compromise. There are many ways of getting started, from staking digital assets to becoming a liquidity provider or going for yield farming, to name just a few. Do these terms sound like Latin to you? Fear not. We’re about to explore all ways to generate passive income with DeFi, one by one. ### Method 1 : Deposit Crypto For An APY One of the most straightforward ways to generate passive income with DeFi is to get an interest in return for depositing your tokens into an account. It might sound familiar to you as it’s similar to having a fiat savings account and earning an interest. However, these days interest rates are quite low, if not negative. With DeFi, the opportunity for returns can be significantly higher compared to a high street bank. Many DeFi platforms call this process “staking” and interest earned can be in the form of the same type of tokens staked or any other token supported by the blockchain. When you stake your crypto assets, you become a transaction validator, or node, for the network. This is very important to the network’s functionality and security, which is why stakers receive financial incentives to keep doing it. So how can you get started? The first thing you’ll need to do is to purchase cryptocurrency through a broker or a crypto exchange like Binance or Coinbase. Once you have it on a wallet, you’ll be able to deposit your coins onto a protocol or platform that will pay you an annual percentage yield (APY) for it. Coinbase, for example, offers up to 5% APY while the APY on other platforms like Aqru can go as high as 12% or more. There are many coins and tokens that you can use for staking, but keep in mind that the majority of DeFi platforms operate on the Ethereum blockchain, meaning that Bitcoin (BTC) isn’t typically accepted. Earning a passive income with this DeFi method is most suitable for the so-called “crypto hodler", that is the investor who’s looking to park their tokens in return for the payment of regular interest. There are a range of platforms to choose from, each supporting different coins, staking periods and - more importantly - interest rates. ### Method 2: DeFi Lending Lending is another recognized way to earn passive income with DeFi and there is a wide variety of platforms dedicated to this type of crypto lending protocols. Similarly to staking, which we just explained, you can earn passive income from DeFi lending by depositing your tokens into an account for some period of time. As you might already have guessed, when you lend crypto to a platform, you’re letting it lease it out to other crypto borrowers. In return, you get an interest. Normally, smart contracts will distribute accrued interest in proportion to the amount of assets you’ve locked in. Another advantage of DeFi lending comes from the fact that since the entire lending and borrowing process goes through smart contracts, the risk that a borrower will default is virtually zero. As such, your assets should always be safe. Most DeFi lending platforms will also let you withdraw your crypto at any time, without exit fees. ### Method 3: Yield Farming Yield is yet another way of supercharging your cryptocurrency while having it parked in exchange for interest or other types of rewards. Simply put, users of a DeFi platform can place their funds in a liquidity pool. Once these tokens are locked through a smart contract in a decentralized application (Dapp), users are awarded a fee or interest for allowing their assets to be used across the platform or borrowing and selling. Sounds familiar? Sure. It’s very much like depositing money in a bank account and letting it use it for loans and other operations, for which you receive a fixed proportion of the interest gained. In the same way, yield farms help ensure high liquidity across the DeFi ecosystem. People who lend tokens to DeFi platforms are often called “yield farmers” and they commonly switch between liquidity pools as a strategy to maximize their returns. As with any form of investment, it’s important that you conduct proper due diligence on the platform you’re planning to use as not only crypto coins have seen extreme volatility but unscrupulous developers are known to lead scams whereby they suddenly exit projects and run away with investor’s money (”rug pull’). ### Method 4: Become A Liquidity Provider Becoming a Liquidity Provider (LP) is yet another way to earn passive income with your crypto tokens. However, unlike staking or yield farming, where your cryptocurrency is being used to confirm transactions or fund crypto loans, liquidity providers have a different role - they are used to ensure that token swaps take place more efficiently and rapidly on a decentralized exchange (DEX) Liquidity providers are also referred to as trade facilitators and they are compensated via transaction fees for the trades they facilitate. Worry not, you don’t have to take an active part in any of these processes. A decentralized exchange like PancakeSwap, Uniswap and Yearn Finance, use automated market maker (AMM) algorithms to fill orders and process trading services automatically. As with other ways of earning passive income mentioned before, this too carries a degree of risk, particularly in the current bear market. But you can not only do your research before committing your funds but opt to contribute to assets held in highly-liquid pools with safer crypto assets. ### Method 5: Liquidity Mining Last on our list of the top ways of earning passive income with decentralized finance there’s liquidity mining. Again, here crypto holders lend their assets to decentralized exchanges and get rewarded in return. However, the difference is that liquidity miners tend to be rewarded in the native token of the blockchain they’re using and they also have a chance to earn governance tokens, maximizing the types of involvement they can have with a particular project. Like any liquidity pool, providers are rewarded based on the amount of the liquidity pool they provided for. ## What is the difference between staking, yield farming and liquidity mining, again? Staking is a way of earning rewards in return for holding certain cryptocurrencies. In blockchains based on the Proof-of-Stake (PoS) algorithm, stakers help vouch for the accuracy of transactions on the network as node validators. This also ensures the safety and liquidity of the platform. Yield farming is a service provided by decentralized exchanges (DEX) with the aim of giving buyers and sellers healthy levels of token liquidity. With this method of earning passive income with DeFi, users contribute to a common pool of funds (called a liquidity pool) and get rewarded for letting their funds be across other network operations. But while yield farming is a strategy aimed at gaining the highest yield possible, liquidity mining is focused at maintaining the integrity of the network while letting users also contribute toward shared liquidity pools. ## Bottom Line As you can see, there are many ways to earn passive income with DeFi, each with benefits and drawbacks. Considering the current state of play in the crypto market, opting for DeFi passive income strategy can be a reasonable move. But as mentioned before, make sure to do your research, consider the options that are the best for you and never invest more money than you can afford to lose. Disclaimer: This blog post is not investment advice and does not represent an offer or solicitation to offer or recommend any investment product. It is intended for general use only and does not consider your unique needs, investment objectives, or financial situation.
Decentralized Science — Your Guide To Blockchain In Science
From funding to publishing, modern science is plagued by countless challenges that have hampered human progress. However, developments in emerging technology like blockchain and Web 3 have put the concept of decentralization increasingly into focus in the field of science. Start-ups, research institutions and scientists are taking note of the potential for disruption and embracing a new paradigm known as Decentralized Science (DeSci), which aims to address critical issues in scientific research and development. In this guide, we’ll cover the basics of DeSci and why it’s important.
What Is A Token Swap: An In-Depth Guide
The huge success the emerging cryptocurrency industry has enjoyed over the last few years is largely a result of continual innovation. The economy has been forever changed by cryptocurrency, and it has in turn created a number of new, seamless ways to buy, store, manage and use digital assets. Early investors in crypto were met with many obstacles and complexities in handling digital assets, which have now been mitigated thanks to the above. One particular advancement is the introduction of token swaps, designed to reduce overhead costs and time spent exchanging digital tokens. It may sound simple but it can be hard to wrap your head around exactly what is a token swap, so let’s explore this guide to token swaps! ## What Is A Token Swap? The token swap process, also known as token migration, was initially quite a cumbersome task that cost a lot of money and took a lot of time to do. But this has become a much more seamless process. The concept of token swaps has two different definitions within the crypto industry. ## Direct Crypto Trades The first definition suggests an instantaneous exchange of one cryptocurrency token for another. This is aimed at those trading with two tokens. This is most often undertaken through popular crypto swapping services like Airswap, Changelly and Shapeshift, which often allow for multiple coin swaps. It is important to note old tokens and less popular tokens do not have this functionality due to their restricted availability, therefore such tokens cannot be swapped. ## Migration of Projects The second definition refers to transferring digital tokens from one blockchain project to another. This most often occurs when a project raises funds using one blockchain, and then at a later stage chooses to migrate to a different one. This can be for a number of reasons ranging from stability to scalability. The project’s native token is swapped for new tokens supported by the new blockchain network. So tokens from one blockchain are swapped for tokens from another blockchain. A token swap and token migration are the same thing, much like a coin swap and coin migration mean the same thing. An atomic swap, however, involves exchanging cryptocurrencies on different blockchains using a token swap smart contract, eliminating the need for intermediaries. As you know, atoms are indivisible hence where the name of this type of exchange comes from. Atomic swaps must be all or nothing and follow the exact exchange laid out by the smart contract, or the exchange doesn’t happen. Token migration doesn’t mean exchanging one token for another, but instead the replacement of one token with another that only comes into existence once the token swap occurs. Atomic swaps are therefore more geared towards buying and selling tokens through a token swap smart contract. Token swap involves a blockchain network upgrade or complete change of tokens. ## How Do Token Swaps Work? You are probably wondering, “how does a token swap work?” If you are an investor on crypto swapping sites and new to token swaps, breathe a sigh of relief as you will not need to actively do anything if a token swap occurs. These platforms enable exchanging by processing the token swaps and crediting your account with the new tokens. This simplifies the token swap process. Before crypto took off, crypto trading was a lot more complex and time-consuming. You would need to convert your digital asset to fiat currency and then use the fiat to buy your coin. This is called a crypto to fiat exchange. For example, perhaps you have COMP coins and wish to trade them for ZIL. You will find that a COMP/ZIL pairing is very rare and hard to come by. So you will have to trade your COMP tokens for a fiat currency or more established coin first and only then can you exchange the more popular coin for ZIL. Along the way, you would have been required to pay transaction fees a number of times. You could have also been making a risky move to a volatile crypto asset, impacting the profitability of the trade. I am sure you can agree this is not cost-effective and a tedious process. These challenges forced the crypto industry to innovate and as a result, platforms began facilitating instant token swaps. You can now do direct crypto trades by exchanging one crypto asset for another. Simply plug in the amount you want to exchange and the exact token pair to trade and you’re set - the platform instantly converts your coin. This way, you will only pay transaction fees once. The token swap process varies depending on the exact swap pair and the method of the swap. Here are two ways to swap tokens:
### Through An Exchange Using an exchange is the most popular way to carry out a token swap. Old tokens are stored securely in a wallet and once the swap is complete, swapped tokens are transferred to a new wallet. The wallet with the old tokens is destroyed. You can choose to withdraw or trade the new tokens. This is normally a better option because you avoid hidden fees and the process is straightforward. Exchanging crypto assets on exchange platforms automate and accelerate swapping tokens, making it a popular and convenient choice amongst new and experienced token holders. ### DIY token swaps This is a more complex approach to crypto exchange as you facilitate the token swap yourself. The token issuer will provide you with a wallet to download or prompt you to register on a site. You will, either way, receive two wallets - one for the old coins and one for the new. You will have to transfer the old token to a specific address, only after which your new wallet will be credited. This carries more risk than an automated exchange because the wallets and websites created for swapping tokens specifically can be very complicated for beginners. If you are new to token swaps, it is easy to make a mistake, which is often irreversible. Manual token swaps are best left to those well-versed in the crypto space rather than newbies, and even they still make mistakes. Manual token swaps are considered out of date and very time-consuming. As we mentioned above, sometimes you might want to execute an exchange between a rare token pairing. Only a few exchanges may ever happen directly between these coins, making them very hard to come by. Then you need to go via the cumbersome fiat exchange route which impacts your profits. Token swapping services eliminate these complexities by automating the entire process. ## What do We Need Token Swaps For? Traditionally, companies would issue shares, but blockchain and tokens open up new ways of investing with a variety of options and more control. In order to build up these blockchains and provide tokens, investment is needed. This can be mitigated by creating tokens on an existing blockchain by creating a second layer token on the native token, through smart contract functionality. An organization can therefore have their own custom tokens on other blockchains while they build their own blockchain. An example of a blockchain well-known for creating bespoke tokens is Ethereum. For example, a blockchain project would start off using the Ethereum blockchain to raise capital and distribute their custom tokens. Tokens distributed at this stage of the project would be placeholder tokens for the ones that will eventually be used when the project goes live. A token holder’s balances are then migrated from their Ethereum wallets to the new project’s wallets. Effectively, the tokens have been moved from one blockchain to another. This can be helpful when a project has reached a stalemate using its current tokens and needs to move to a new protocol in order to scale up. ## Benefits of Token Swaps There is great value in token swapping. Exchange platforms with token swapping functionalities offer crypto traders convenient, dynamic and secure trading gateways. Token swaps allow for a much speedier trade. Ensure smooth blockchain migrations When you are a token holder, you are required to register your tokens ahead of the token swap deadline to ensure they are migrated to the new blockchain. This is a process called mapping and can be complicated. Some wallets and exchanges don’t require transferring the coins prior to the token swap date, providing greater flexibility and ease-of-use for traders in the crypto space. ## Promote Cross-chain Interoperability Atomic swaps can promote the token swap’s atomicity. Cross chain token swapping opens the door for improved interoperability. The token swap smart contract functionality eliminates the need for third-party transaction fees, saving crypto investors money. ### Guarantee Data Integrity of Transactions The entire token swap and related transactions are kept on the blockchain, a highly secure gateway, thereby promoting data integrity and privacy. Smart contracts can be cost-effective as the transaction fees are transparent and expertly executed, saving traders money in the long run. ### Potential Risks Despite the need for token swapping and its many benefits, there are also risks to token swaps. Numerous exchange services exist, so when choosing a token swapping service, do your due diligence and choose wisely. When selecting a token swapping platform, always consider the availability of token swapping functionalities like which blockchain projects are supported, cross token swapping, availability of token pairings, speed of token swap processes and of course, platform security. Increased speed decreases the likelihood of slippage, which saves token holders from price fluctuations when performing a token exchange. Certain cryptocurrency exchange platforms offer fixed exchange rates, mitigating the risk of token value slippage, however increasing the cost of the transaction considerably. It is always important to be aware of the risks associated with crypto swapping exchanges. Depending on the platform used to exchange crypto assets, the transfer of virtual tokens can be visible to the public, impeding on the token holder’s privacy. Sometimes token swaps supported by smart contracts can limit the flexibility of the token swap. You are limited to hard deadlines and specific token pairings when swapping tokens this way. If you miss the deadline, the tokens will be sent back to token issuers or frozen, making it an all or nothing approach to cryptocurrency exchange as tokens will then be permanently inaccessible to users. If you find it hard to stick to these types of deadlines when trading, opting for open-ended migration may be a better option. When token swaps happen using a public blockchain, the use of a smart contract will be more expensive. The specified exchange rate may also add additional fees to an already expensive transaction, affecting the profitability of the token swap. ## Bottom Line There will always be flashy new crypto tokens on the market, attracting traders' attention away from traditional currencies. Token swap services make it possible for token holders to trade the current token for the desired token. It is now easier than ever to do token swapping with a number of exchanges, wallets and platforms designed to facilitate the token swap processes. It is important to always do thorough research before using an exchange in order to be aware of the associated risks and costs. These token swapping services play an important part in perpetuating the ongoing cryptocurrency renaissance by eliminating common barriers to entering the crypto space, facilitating traders to swap tokens with ease. Often, they provide an easy gateway to cryptocurrencies with low market capitalization. Using an automated token swapping service is a faster, easier, less complicated and more secure approach to trading crypto assets. It is because of this that token swaps will continue to feature prominently in the years to come.
Top LGBTQ-Inspired NFT Collections
LGBT Pride Month might be behind us now, but there’s no reason not to celebrate the movement all year round. There’s always an opportunity to shine light on the community and help advance the work of queer creators, many of whom are behind some of our culture’s most iconic art. The rise of non-fungible tokens (NFTs) and blockchain technology has been yet another valuable platform to showcase the talent and pay tribute to the members of the LGBTQI+ community. In addition, a great number of NFT projects are now also dedicated to raising funds for organizations championing the rights of lesbian, gay, bisexual, transgender and intersex people. Today, we’re looking at some of the best LGBTQ-inspired NFT collections you might want to know - and stand behind.
Free-to-mint NFTs: A Good Option For Creators?
As the crypto winter we’re now going through deepens, NFT creators are looking for ways to create buzz and sell their work while saving on heavy minting costs. That’s why a growing number of projects are opting to release non-fungible tokens via free-to-mint, a model that enables the creation of new NFTs with minimal commitment. And despite the overall downturn of the NFT market, free-to-mint projects are doing surprisingly well. So, what’s attracting so many to these collections? Let’s find out.
What is PancakeSwap? The Beginner's Guide
Decentralized finance, also known as DeFi, has been disrupting the traditional financial industry in the last few years. DeFi uses blockchain-related technologies to create a financial ecosystem while bypassing middlemen, brokers, and banks. Many argue it has democratized finance, allowing anyone with a crypto wallet and access to the internet to trade digital assets in real-time. With 4.4 million users worldwide and over 3 billion dollars staked, PancakeSwap is a leader in the DeFi sphere. What is PancakeSwap? A decentralized cryptocurrency exchange (DEX) built on Binance Smart Chain (BSC), the platform is powered by its very own CAKE token. Using an automated market maker (AMM) model, users trade digital assets through a liquidity pool, rather than being matched with someone on an order book. The PancakeSwap decentralized exchange allows you to earn passive income with crypto with innovative features such as the ability to play in a lottery to win free tokens. Along with its very own NFT marketplace, users can engage in trading, yield farming, staking, and more on the PancakeSwap platform. ## What is PancakeSwap?
What Are Social Tokens - All You Need To Know
Cryptocurrencies might be taking a beating at the moment but the industry is anything but hitting the brakes. One crypto phenomenon in particular is slowly but surely gaining traction - social tokens. These tokens are based on the idea of tokenizing the reputation of a person or community, and while this is far from being a novel idea, it's now getting a major boost from blockchain technology. But what are they, why are they on the rise, and why should you be paying attention to any of this? We’ll cover all the bases in today’s guide to social tokens. Let’s dive in.
What Is Blockchain Interoperability
In recent years, distributed ledger technology has attracted widespread attention, not just for being the platform that underpins cryptocurrencies like Bitcoin and Ether, but as a potential game-changer when it comes to bringing a vast number of industries and services into the Web 3.0 era. Driven by the promise held by capabilities and functionalities of this technology, the number of blockchain platforms has continued seeing a rapid rise. However, despite recent advancements and a generally positive reception, the fact is that the blockchain industry remains heavily fragmented, with platforms following wildly different approaches and adopting diverging protocols. This has put the issue of blockchain interoperability at the forefront of developer’s priorities. Just how will this unfold remains a question mark, but today we will be walking you through all you need to know about interoperability and the paths being followed to achieve it. Let’s dive in.
10 Best Metaverse Games To Play In 2022
The race for the metaverse is only heating up as 2022 continues seeing major digital projects come to life. And just how valuable could it all be? Short answer: very. Global consulting firm McKinsey is forecasting that virtual worlds can generate up to $5 trillion by 2030. In addition, the firm also says that it’s plausible that we will live more than 50 percent of live events could be held in the metaverse. You might be wondering then what it is that we will be doing in the metaverse that could possibly be that exciting. Gaming, for starters, is already attracting millions of users to virtual worlds. And this is just the prelude to something even greater ahead. With that in mind, we'll be looking at the 20 best metaverse games in 2022 that you’ll surely want to keep in mind or even try out today.
10 Most Expensive NFTs Ever Sold [June 2022 Update]
We’re well into 2022 but the NFT craze isn’t going anywhere it seems. Investors and collectors flush of money have continued pouring in money into non-fungible tokens, from cat memes to pixelated apes to popular NFT collections like the Bored Ape Yacht Club and a lot - and we mean a lot - of punk-like avatars. In fact, sales are on pace to surpass last year’s total and they’re on track to hitting a total $90 billion by the end of 2022 despite NFTs prices seeing a downturn as of late. But what’s really moving the market and what makes people want to buy NFTs for tens of millions of dollars? How about you see it for yourself as you go through the list of the top 10 most expensive NFTs sold so far. ## 10 Most Expensive NFTs
Top 10 Blockchain Companies in 2022
Blockchain technology wasn’t on anyone’s radar up until a few years ago. And it has since taken the world by storm, mainly because cryptocurrencies tend to capture all the major headlines. But blockchains - also called distributed ledgers - have been quietly revolutionizing many other aspects of our daily lives, particularly when it comes to the way in which data is managed, protected and shared online. To put it simply, a blockchain is a distributed database with a collection of records of data and information, stored in blocks, that are linked together via cryptography. Each block contains a cryptographic hash function from the previous block, a timestamp, and the data related to transactions. The first decentralized blockchain was conceptualized by Satoshi Nakamoto and introduced in 2008 as the distributed ledger behind bitcoin transactions. Blockchains can be public entities, such as Bitcoin, or private networks, such as those developed by governments for central bank digital currency projects, known as CBDC's (central bank digital currencies). But the use cases of blockchain have extended to many industries, playing an increasingly important role in all types of sectors, from finance to entertainment to urban management and supply chain solutions. Now that we know what the technology is and what potential it might hold, it’s worth getting to know the best blockchain companies in the world and what they can offer when it comes to using this cutting-edge advancement. ## Top Blockchain Companies in 2022 Blockchain is now a major industry that has birthed several billion-dollar projects. Let’s take a look at the top companies making waves in the industry. ### 1. Binance
What Is a DAO? All The Basics Covered
If you're into blockchain and crypto (hard escape to headlines about the recent meltdown, right?), you’ll surely have come across the word DAO. DAOs, or Decentralized Autonomous Organizations, are an increasingly important part of the blockchain world and a great share of crypto projects implement it as part of their roadmap. But what is it all really about? Let’s take a look at what is a DAO and how one such organization works.
Best Cloud Mining Services In 2022
With the growth of cryptocurrency technology and a new wave of investors looking for alternatives to traditional trading, cloud mining has become a popular phenomenon. But often with the good comes the bad. Ponzi schemes and scams have started surfacing on what appears to be legit cloud mining sites. Users too often invest their money into a cloud mining service they find online and out of the blue - the company vanishes. Instead of generating a steady stream of passive income, many find themselves losing thousands. Despite untrustworthy sites out there tarnishing the reputation of cloud mining, with the right company, cloud mining can be hugely profitable without users having to lift much of a finger. If you are looking to dive into the world of cryptocurrency without having the technical experience or millions in your bank account, cloud mining is the way to go. Mining crypto no longer has to be a costly investment that bumps up your electricity bill and consumes every hour of your day. Instead, crypto mining has made crypto more accessible to all. The key is to pick reliable cloud mining solutions that fit your investment goals. ## What is Cloud Mining? Cloud mining is crypto mining through the cloud - instead of owning hardware that will increase your electricity bill and cost you an arm and a leg. Participants outsource computational work for crypto mining where they rent hash power from a company that mines crypto on their behalf. Cloud mining has many advantages such as not needing to deal with maintenance issues, high cost of equipment, equipment deprivation costs, and energy costs. It makes your life a lot easier. Before getting caught up in the nitty-gritty details, what is crypto mining? Mining is what keeps the cryptocurrency model intact, the process by which transactions are verified and new coins are released to the blockchain. This process involves computers solving unhuman-like equations known as hashes, the fastest correct answer gets a transaction to validate and therefore a reward of that crypto coin. Through the cloud mining process, you outsource the equipment from a third party that solves these hashes through a cloud mining contract, without having to purchase your own expensive physical hardware. By renting cloud computing power, you do not need to install and run the hardware and software, allowing for hassle-free passive income. So, how do you make money from cloud mining? Cloud mining companies allow people to open an account and participate in crypto mining through a pricing model, usually a commission. Users purchase a certain amount of hash power and profits are allocated in relation to the hash power purchased and the current price of the coin. Companies tend to have cloud mining profitability calculators to provide potential customers with clues on earnings expected for a given hashrate purchased. ## How Does Cloud Mining Work? Cloud Mining is where two worlds collide - cloud computing and cryptocurrency mining. Cloud computing is where users access the processing power and storage capabilities of huge computer systems that are maintained by the companies that own them. Think Dropbox, Gmail, and Facebook. Cryptocurrency mining is the process where computers crunch difficult numbers to solve hashes, creating new blocks on the blockchain. Even the most powerful computers find it complex to solve these hashes. A fast answer allows miners to validate transactions and release new coins. Mining is the backbone of the cryptocurrency model not only for the validation and release of coins but also because it maintains the blockchain's security. The blockchain is a distributed ledger, a database that is shared and synchronized across multiple nodes, making it accessible to multiple people and allowing transactions to be visible to all. Cloud mining is the hybridization of these two concepts. Cloud mining companies will set up massive mining farms, larger than a single individual could manage and mine cryptocurrency using their systems. Cloud mining sites will then offer contracts to potential customers who can purchase a percentage of the hash power for a period of time. Picture a warehouse with thousands of servers and rigs, cooling technology, and enormous power supplies, as well as experts maintaining the hardware. Remember that the more powerful and faster a computer is, the higher the likelihood of solving a hash and generating a block in a cryptocurrency’s blockchain. Users are essentially sharing their computational resources by renting out a powerful cloud mining service, increasing the probability of generating a block. If successful, they are rewarded with cryptocurrency, but the amount each receives is calculated through their purchased percentage of hash power. Within cloud mining sites, there are two types of models - hosted mining and leased hash power. The hosted mining model is the most popular model for mining Bitcoin where customers purchase or lease mining hardware located on mining farms. The equipment is regularly maintained and replaced when necessary by the cloud mining service provider. Customers know that technical issues are taken care of at all times, whilst having direct control over their crypto. The second model of cloud mining on cloud mining platforms is leased hash power. This cloud mining model allows customers to lease computer power from a mining farm while getting a share of the farm’s overall profits from crypto. Instead of renting hardware, customers are leasing a fixed amount of hash power. This model is most popular for altcoins, all cryptocurrencies other than Bitcoin. All customers need to do is open an account on a cloud mining site with this model and select their preferences such as the hashing power and the time period of the mining contract. ## Best Cloud Mining Services In 2022 While cloud mining can be hugely profitable, the risk lies in betting on the wrong cloud mining companies. The key to achieving financial independence through cloud mining solutions is finding the right home for your money to minimize risk. The following list includes the best cloud mining sites on the market in 2022 that you can trust to generate reliable passive income. ### 1. ​​Shamining
Star Atlas Review: How to Play and Earn With This Metaverse Game
The blockchain gaming universe is focused on offering monetary gains to its players. Along the way, the fun part of the game is often neglected. Repeated scenarios, senseless gameplay, and mediocre mechanics plague the game which manages to deter casual gamers from dipping their toes in the lucrative world of blockchain gaming. However, a space-themed blockchain game, Star Atlas, plans to change that perspective by offering a diverse outer space experience of the cosmos. Built on the Solana Blockchain using Unreal Engine 5, there’s a strong buzz going on around the Star Atlas metaverse, and both blockchain gamers and casual gamers have strong expectations from the project. In its infancy, Star Atlas combines an MMO concept in space with modern decentralized mechanics to create a game that is unmatched. In today’s round, we’re offering an in-depth Star Atlas review consisting of every minor detail. Fascinated by the concept of exploring the unexplored parts of the cosmos, taking control over a fleet of spaceships, and minting NFTs? Read on to find out everything you need to know about Star Atlas.
What is MetaFi: A Beginner's Guide
We’re living through times of rapid technological change - and development - that has seen the recent rise of blockchain-based platforms like NFTs, cryptocurrency, DeFi and the metaverse. More recently, Binance introduced a new concept aimed at tapping into the infrastructures needed to power virtual economies that can function in parallel with the real world - MetaFi. Meta-what? Sure, we get it. Understanding all of these concepts and ideas can be quite dizzying these days. But we got you. In this article, we will be looking at what exactly is MetaFi (digestible way, we promise), how can we see it in action, what will all of it look like in the future and what exactly is the MetaFi DeFi connection. Let’s dive in.
Best Bitcoin Faucets 2022: Top Crypto Faucets To Try
Crypto enthusiasts are increasingly turning to bitcoin faucets as a way to earn bitcoin. Simply put, this helps them get acquainted with the idea behind virtual currency. To earn it, they have to complete easy but interesting tasks on a crypto faucet website, like watching video clips. Also, there is a variety of other platforms to choose from. A crypto faucet determines if one can earn bitcoin and at what rate. The hourly reward is sometimes lower than $1, which is unsatisfactory. However, there are some profitable websites on the market. This article will deal with the idea of a crypto faucet and present the highest paying Bitcoin faucets. Even though they may not be the best solution in terms when it comes to making money, they are a great option for those who have a full-time job and would want to earn some on the side. As you’ll see, the tasks are uncomplicated and can even be enjoyable. Let’s dig in!
What Are Smart NFTs - Definition, Types & Examples
NFTs are getting a lot of hype today, adding to the crypto craze taking over the online world. In recent years, the market for non-fungible tokens has been the fastest in the crypto and blockchain universe, with celebrities, brands and millions of buyers jumping on board. The technology has also attracted plenty of attention for the innovation and potential opportunities it holds. And while most of us will have heard of non-fungible tokens, many people still don’t know quite exactly what they are or understand how they’re being used. Today, we are taking a closer look at not only NFTs but also a new generation of non-fungible tokens that promise to take this technology to new heights - Smart NFTs.
How To Play Blankos Block Party
Blankos Block Party is a free-to-play multiplayer game that resembles the likes of Roblox and Minecraft and its developer, Mythical Games, is known for having the hefty backing of notable investors. In Blankos Block Party, players are able to create their own characters and worlds that other players are able to also enjoy. It incorporates elements of the Play to Earn model - a growing trend in gaming where players earn rewards through NFTs and can later trade them for real cash. Blankos is committed to becoming one of the top crypto games and leveraging NFT features, making it a title that has great potential to last and appeal to large audiences.
Best DAO Tokens In 2022
Crypto trends and blockchain technology are bringing a constant stream of new innovations that offer many promising opportunities. Businesses and individuals around the world have become aware of the potential of blockchain technology as new advancements such as DeFi emerge. Crypto trends continue to evolve as do the tools available to support them. Some of the best DAO tokens are a good example of how technological advances can drive DeFi governance. DAO members enjoy governance system privileges granted only by internet-native social organizations. Due to the growing interest in decentralized finance, the role of DAOs has become a focal point, too. The phrase refers to a decentralized autonomous organization — an association created around a crypto project or a financial goal that can't be achieved by one individual alone. An example of the goal might be to pool funds to buy an expensive piece of art. However, DAOs can also function as private clubs, where you have to purchase a particular NFT to gain access. The DAO crypto token can be used for many purposes, including investment, buying or crafting NFTs, fundraising, charity, and more.
How To Make an NFT: A Beginner’s Guide
NFTs were big in 2021. After all, Collins Dictionary chose non-fungible token as word of the year. And while we’re now seeing the non-fungible token market slowing down quite a bit, interest in the technology is hardly fading. Whether you’re a creator looking to branch out or just someone curious about this new world, there's no doubt that NFTs can be a great asset. That’s why we’ve put together a step-by-step guide on how to make an NFT - and possibly even help you earn some money from your creations.
Best Metaverse Wallets
​​NFTs have accelerated the use of personal cryptocurrency wallets, where users can keep and manage their non-fungible tokens. And with interest in the metaverse also rising, you might be wondering how will you be able to purchase digital things like avatars, virtual land, and add-ons, and where can you keep track of all your transactions in a virtual world. Enter the metaverse wallets. They’re essential to ensuring that you get the best out of your experiences in virtual worlds, storing metaverse tokens and opening one is a crucial step in getting started with NFTs and investing in non-fungible tokens (which are a major component of the metaverse). Today, we are listing the top metaverse wallets in 2022 and taking a closer look at the best functionalities each has to offer.
Best NFT Rarity Tools
The exponential growth of the NFT space is making even the most skeptical investors take an interest in this market. Aligned with this rising enthusiasm, demand for the best NFT tools seems equally affected as investors try to identify the next best non-fungible asset out there. Rarity reigns supreme when it comes to getting the most for your money in any collectible market. It is essential that you track trending NFTs if you want to turn a profit. Sniping NFTs is the act of buying NFTs that are priced below their value due to the seller's unawareness of their rarity. Fortunately, there are rarity tools, often referred to as rarity sniper tools, to help you with that. This article introduces you to the concept of NFT rarity and reviews some of the top NFT tools currently available. Let's get to it.
## What Is NFT Rarity? Several new NFTs have hit the market, but how do they differ in trait value? What makes some NFTs sell for millions while others sell for less? It has to do with rarity. NFT rarity determines how rare and valuable an NFT is. Collectors highly prize truly rare NFTs, which makes them more expensive. Consequently, people want to know whether the NFT they own is rare or whether the one they plan to purchase is rare. ## NFT Rarity Calculation Methods It is possible to calculate the rarity of an NFT using several methods. By calculating the rarity of an NFT trait based on its rarest trait, taking the average rarity of traits, or examining rarity statistics. ### Trait NFT Rarity Ranking To compare NFTs, one can simply compare the rarest attribute of each non-fungible token. Yet, this approach has one significant flaw despite its simplicity and straightforwardness: it ignores the NFT's overall rarity, just focusing on the rarest one. ### Average Trait Rarity Another method that will help you check NFT rarity is to average the rarity of traits present on the NFT. If an NFT had two traits, one with a 50% rarity and one with a 10% rarity, then its average trait rarity would be (50+10)/2 = 30%. The problem with this method is that it stresses the overall rarity of every trait, which means the single super NFT rare trait does not receive enough trait value, and the overall rarity value is diluted.
### Statistical Rarity In this method, you multiply all of an NFT's traits together to determine the NFT's overall rarity. If an NFT has two traits, one trait has a weight of 10%, and the other has a weight of 50%. That NFT would have a 5% 'statistical rarity' (10% * 50%). These three approaches have different results when comparing the rarity of some NFTs. Average Rarity and Statistical Rarity tend to overvalue many of the traits in an NFT, potentially diluting the value of an ultra-rare, one-of-a-kind trait. Trait Rarity faces the complete opposite problem by narrowing the calculation to the single rarest trait. A solution? Rarity Score.
## How to Calculate NFT Rarity The value and rarity of NFTs differ even if you have thousands of them in a single collection. Therefore, a decrease in supply leads to a rise in demand, which drives NFT prices up. However, supply value is not the only factor contributing to NFT rarity. To get an NFT rarity calculated, you can opt for various methods, as we already mentioned. Different parameters, such as rarity based on the rarest trait, will be considered by assessing all NFT traits statistically or by calculating the average rarity. A Rarity Score is therefore used to calculate the rarity of an NFT. Calculating the Rarity Score does not need to be done manually since various rarity tools can do it for you. With the right NFT rarity tool, you can view the results in just a few clicks. Rarity Score stresses single rare traits while including overall trait rarities in its calculation. To date, this is by far the best way to calculate rarity. Here's the formula: > [Rarity Score for a Trait Value] = 1 / ([Number of Items with that Trait Value] / [Total Number of Items in Collection])
## Top NFT Rarity Tools Although the formula is pretty straightforward, there's no point in doing all that math on your own to estimate the rarity of all of your desired NFTs. There are several investment tools available to assist you. Investments in NFTs come with many risks. Using a reliable NFT investment tool can help you check NFT rarity and stay on top of the changes effortlessly. Needless to say, these tools shouldn't be used as the only criterion for buying NFTs. Make sure you research the NFT market and project in question well before making a purchase. ### Rarity.tools
What Is A Dapp: Decentralized Apps Explained
With the rise and growing adoption of blockchain technology, focus is turning to a particular segment with immense potential - Decentralized Applications (dApps). In 2021, daily unique active wallets connected to dApps increased seven times, reaching an all-time high of 2.7 million at the end of last year. Trading volumes were also higher than ever. This helps underscore the kind of interest dApps are experiencing - and why you should take note of it. Today we’re taking a look at what is a dApp and all you need to know about the Decentralized Applications.
Best Play To Earn NFT Games for Android and iOS
The NFT world is rapidly exploding and becoming increasingly more popular. And the growth of the NFT community is also making Play to Earn games the next big thing in crypto.
Because more developers are making such crypto games, the blockchain gaming industry is entering an entirely new market with a lot of potential. As a result of the integration of non-fungible tokens in games, users are able to purchase exclusive in-game assets or merchandise under their name and keep ownership over their digital collections. In the same way, these NFT games enable players to generate passive income by completing quests or staking their tokens. This gives consumers the ability to earn a real income from playing games. There are multiple games that are NFT play to earn titles available today, which can make it difficult to decide which of the P2E games iOS or Android systems support is the one to start with. So, which Play to Earn NFT game is best for mobile users? We’ve listed 20 Android and iOS mobile NFT games that give you the most bang for your buck, considering all the benefits NFT games offer.
Best NFT Podcasts To Listen To Right Now
2021 was a huge year for NFTs. And in 2022 that’s only set to become even bigger. With all the buzz surrounding non-fungible tokens, you're probably interested in knowing more. Or maybe you’re already an enthusiast who just wants to keep up to date with the latest developments in this rapidly evolving industry. But where to start? With so much information out there, it can be challenging to pick the best resources. No worries, we got it. In today’s, we’re listing the 23 best NFT podcasts that you can start listening to now, to get the best insights not just into non-fungible tokens but that will also give you a broader view on the blockchain, cryptocurrencies, DeFi, the metaverse, and more. Let’s get into it.
Top NFT Games In 2022
In contrast to traditional online gaming, blockchain provides players with the opportunity to earn some real money while they are doing what they love. Playing NFT games allows you to earn crypto rewards. The game also offers you the chance to earn digital items with in-game value, such as those associated with characters, clothing, and virtual properties. The value of these digital assets can be converted into real-world money, meaning that gaming is now becoming an even bigger business. As we entered 2021, crypto — and NFTs in particular — reached all-time highs, thanks to a number of new titles. In the blockchain games space, play to earn games (P2E) have acquired massive popularity, so why not dive into their world and learn about them? In the following list, we will go over some of the most popular play to earn games currently available, as well as some of the top upcoming games. This guide can help you find the best play to earn game, whether you're new to blockchain games or have been looking for a new world to explore.
## Axie Infinity
Best NFTs For Passive Income
Crypto has been around for quite a while now, even though it has only really gained widespread attention in the last couple years or so. And as blockchain technology continues evolving investors, are scrambling to find ways of making money off of it. When it comes to investing in crypto, being active - you know, checking the market, comparing charts, following specific projects/ coins, trying not to be fazed by the wild market swings - is the most popular approach. But let’s face it, not all of us are up for trading our hard-earned money for an anxiety-inducing experience, which is what dealing with crypto can feel like most of the time. It’s also possible to opt for a passive income strategy and take the safer route. There are several ways of going about it: - Staking your crypto assets to support a blockchain network and confirm transactions, which will see you earning, in some cases, more than 10% or 20% per year. - Find up-and-coming projects and become an early investor, getting a reward if the project takes off. - Investing in NFTs, which opens up many avenues for both active and passive income. - Trying yield farming, which involves lending your crypto assets for interest to DeFi platforms, where they are locked in liquidity pools. You're paid an interest proportional to your asset's shares of the liquidity pool. Today, we will be focusing specifically on how to earn passive income from NFT coins in 2022 and make your investments work for you (even while you’re asleep).
Top 10 Metaverse Crypto Projects To Watch In 2022
We’re living through transformative times, which can feel both exciting and hard to keep up with. All that talk of Web 3.0, cryptocurrencies and the metaverse, but most of us are still left scratching our heads if asked about it. The good news is that while the technology might be a new concept, there are plenty of great projects already taking off and creating opportunities that could change your life in a profound way. In particular, the metaverse and crypto are coming together to shape the future of digital frontiers in areas like gaming, work, entertainment, education, shopping and much more. With so much going on, it’s perhaps worth getting to know what’s this all about and which metaverse projects to keep a close eye on in 2022.
Best TV Shows On Crypto And Blockchain In 2022
If you came across our recent list of best blockchain movies, then you might be interested in checking out a different type of equally binge-worthy content - blockchain TV shows. Once a niche (read: too geeky) topic for most producers, the small screen is suddenly embracing all things crypto, with even family favorites like The Simpsons and The Big Bang Theory dropping a mention or two. We've put together a list of the best tv shows that you can catch in 2022 to explore more about blockchain and crypto. Read. Set. Play.
Best Blockchain Games
Gaming is growing faster than ever before. The gaming industry is currently valued at $173 billion, with very positive indicators showing that it will surpass the $300 billion mark in the next five years. Behind this boom is a recent surge in new players, especially in mobile platforms, which have made gaming a more practical and easily accessible experience for the estimated 2.6 billion gamers worldwide. But for many, being online just for fun is no longer their primary driver. As the saying goes, time is money and players have certainly taken notice that they're making a big investment in virtual experiences with little return. So they’ve started looking for ways to monetize their hobby. However, beyond the world of eSports, there haven't even been many opportunities for casual players to cash in on the effort they put into gaming - until now. The rise of blockchain games has turned the tables on the gaming industry by making players, and not developers, the main financial decision-makers.Play-to-earn (P2E) crypto gaming is a trend that shouldn't be overlooked. But before we get into the details, it's worth understanding how it all works.
Top Crypto Influencers To Follow In 2022
So, it's fair to say things are running amok in the exploding world of all things crypto. Iconic internet memes selling for millions, teenage TikTokers rallying huge followings into making cryptocurrency investments, gangs of cryptobros terrorizing the financial markets and who could ever forget – 'The Dogefather' aka Elon Musk making a (somewhat) shameless SNL plug.
Best Blockchain Courses In 2022
You've probably heard of blockchain or cryptocurrencies quite a lot lately. It's hard to deny - or even escape - the frenzy around this technology. In fact, you might be interested in dipping your toes into it yourself and becoming a blockchain expert. But there’s a catch (there’s always a catch). Understanding the architecture behind blockchain isn’t an easy feat for most outside the IT space, and trying to wrap your head around advanced cryptography and complex technological jargon can feel quite intimidating at first. So, if you’re one of the undeterred, either out of curiosity or because you’re looking to level up your career, then it might be worth just diving head-on. We've put together a list of the best blockchain courses, from beginner to advanced, to help you learn the tech skills of the future and stay in the know.
Physical NFTs Explained
NFTs are a topic of discussion hard to escape from these days. Either because of multi-million dollar sales or brazen hacks, non-fungible tokens have entered the mainstream world for good. But while the majority of us will think of digital art, music, fashion and the metaverse as the main areas of application of this technology, physical NFTs are also carving out a space of their own in crypto. Here’s a closer look at what they actually stand for and how they are already being used.
Generative Art NFTs: A Guide To AI Art
Shelling out millions for a piece of art is nothing new, but doing it for digital paintings, memes and GIFs is a whole other story. These days, collectors are willing to part ways with some really big bucks to snatch top NFTs and cash in on the craze that’s taken over the digital art market. And while you might have heard about it all, what you might not know is who exactly is behind this art. Or rather, what is. See, until now NFTs have been the product of human creativity being given a helping hand by technology. Browsing through the world’s largest NFT marketplaces like Nifty Gateway or OpenSea, you’re more likely than not to find art made by humans. And those are the tokens selling for top dollar. But the dark horse of NFTs might be something else altogether. Get ready because your next favorite artist might be AI - and it’s something you're unlikely to have ever come across before. Art made entirely by artificial intelligence has been touted as the ‘next big thing’ and that's gotten collectors are buying in. A collection of NFTs created by a robot artist named Botto sold for over $1.1m last year and projects like the AI Art House feature generative art NFTs that so closely resembles the likes of Monet, Mondrian and van Gogh you’d be forgiven to think they’re long lost art pieces by past art geniuses. But in the end, AI-generated art is able to produce one-of-a-kind pieces that push the limits of exploration and creativity beyond human touch.
Wearable NFTs — Everything There’s To Know About Them
The fashion world has been set abuzz, with die-hard fashionistas desperately rushing to get their hands on the latest Gucci bag or Balenciaga collection. The catch? None of the glitzy apparel and accessories are real. That’s right, they don’t exist in the real world and buyers won’t ever get to actually wear them. Instead, the latest fashion trend is playing out in the metaverse, where users are looking to glam-up their digital avatars with wearable NFTs designed by luxury houses like Louis Vuitton, Valentino and Burberry. Soon enough, flexing in the metaverse won’t be much different from what we already see on Instagram or TikTok. Wearable NFTs are becoming hugely popular for the personal branding appeal they have in virtual worlds where people can connect with others in more immersive and interactive ways thanks to virtual and augmented reality technology.
Best Blockchains For NFT Development
A year ago, at the start of 2021, only a small group of people on the internet really knew what NFTs were. And while non-fungible tokens have been around since the mid-2010’s, it was the now infamous Christie’s auction of Beeple’s ‘Everydays: the First 5000 Days’ that really kicked the NFT craze off. By the end of last year, $41bn had been spent on NFTs and now the world is all over the media, social networks, talk shows and day to day conversations. Crypto investors and enthusiasts have been quick to rush to all things NFT, but you too might now be interested in developing your own NFTs or leveraging your business with non-fungible tokens. Before you do, it’s worth understanding the different blockchain standards available, how to best compare them in connection to your needs and the considerations to bear in mind so you can make the right choice.
How to invest in NFTs In 2022 — A Step-By-Step Guide
There is a reason why NFT was chosen as World of the Year for 2021 and it probably has to do with the fact that none of us could escape from hearing about it last year. And given all the hype, we bet that you already have some understanding of what’s going on with crypto and NFTs. You might even feel tempted to get yourself a few non-fungible in the hopes of striking gold. After all, there are children out there making millions of dollars with their NFT creations so why not cash in, too? The market is definitely soaring like never before as evidenced by the sales volumes of OpenSea, the largest NFT market in the world, smashing all-time records right at the start of 2022. So, with things looking this bright (at least for now), maybe it’s time to jump in on the action and learn how to invest in NFTs. In this guide, we will walk you through the simplest ways of identifying a good NFT investment, how to buy a token and what you should keep in mind if you want to make sure that you’re making a sound choice.
What Is Web 3.0 And Why Should You Care
First things first. What is web 3.0, anyway? Simply put, it refers to the next technological evolution of the internet that eliminates the middleman, like tech giants, and gives more power to web participants to control their data and online identity. Currently, a great share of the business model of tech giants like Google, Meta, Twitter and Microsoft is based on exploiting user data in return for enormous profit. All allegedly, of course. In Web 3.0, web participants can move away from having the majority of their online activities in a few dominant platforms while retaining ownership over their digital experiences. Moreover, this new iteration of the internet will allow online content to be increasingly tailored to each user, without compromising their privacy, which adds a new layer of utility and meaningfulness to the internet - and the interactions within it. So, why should you care? Well, if control of the web is decentralized, users now only have more freedom but they can also own a piece of of the internet through digital tokens that are given as a reward for their effort in helping develop and improve Web 3.0 This third stage of the evolution of the internet will see users become active participants of the web rather than being just content consumers that can be easily commodified by a tech company. Web 3.0 has been associated with the rise of technological advancements like cryptocurrency, NFTs, decentralized autonomous organizations (DAOs) and even the metaverse, ushering in a new internet paradigm based on peer-to-peer transactions, transparency and data democracy.
Top Blockchain Trends To Watch in 2022
Blockchain was one of the hottest, if not the biggest, of all tech trends in 2021. And as cryptocurrencies and other blockchain-based assets go mainstream, a greater spotlight has been put on the use cases of the technology across industries and sectors of society. The potential it has to address a vast number of shortcomings of the digital world, including security, transparency, ownership and trust, has forever changed the landscape of technology. Most people will traditionally associate blockchain with the cryptocurrency craze and define it as the technology that underpins Bitcoin, but it’s much broader than that. The rise of NFTs is paving the way for a wider adoption of the technology, popularized by play-to-earn games like Axie Infinity and digital art collections including the Bored Ape Yacht Club and CryptoPunks. So with blockchain on everyone’s lips nowadays, we put together a list of the top blockchain trends that will shape 2022 and how they’re likely to impact the adoption of the technology by businesses and consumers.
Best NFT Marketplaces
Boy oh boy, what a year. Crypto is cool, NFTs are the hottest thing in town and the metaverse is here. There ought to be a bingo somewhere for this kind of alignment. So yes, when pixelated JPEGs of apes/ whales/ and whatnot are among the hottest assets in the world (mind you that oil, gold and real estate still very much exist), it's fair to say that something is probably going down. If you're already part of the crowd that wants to ride this new gold rush, you're probably familiar with the ins and outs of non-fungible tokens. But if not, good news. We've put together this short and sweet guide to ease you into the world of NFTs and the best NFT marketplaces to check out before committing to your first token purchase.
Best Play-To-Earn Games To Try In 2022
Play-To-Earn gaming is all the rage now. Unlike traditional gaming, P2E brings real money and rewards into play, marking a departure from the business model that dominated the gaming industry for decades. From Splinterlands to Axie Infinity, players are rushing to games that can fulfill their entertainment needs while providing clear monetization paths in return for the time and effort they’ve put in. Last week, we put together a quick intro to Play to Earn, but here’s a recap icymi: P2E gaming relies on blockchain, meaning that through this technology players are able to buy, sell or exchange in the form of non-fungible tokens (NFTs). This way, not only do they have control over their transactions every step of the way, players are even more crucially able to to retain ownership of the digital assets they’ve collected during the course of their gaming experience within a title. From there, players can choose to take those items outside of the game and exchange them across other marketplaces and trading platforms, in return for digital currencies (cryptocurrencies) or fiat money. In short, in-game items have real world value. There are plenty of monetization opportunities within P2E. A player can, for example, purchase an NFT, upgrade it and then resell it for a higher price. Play to earn games are also highly attractive given the opportunities to get rewarded for activities completed within the game, like quests or duels. The impact of P2E is accelerating profound changes in the gaming industry, with more than half of American and UK-based video game developers now saying they’re starting to implement blockchain technology and the use of NFTs in their titles, according to a recent survey.
What Is Play to Earn Gaming - And How Is It Changing Gaming
Many gamers will remember the times when glued to the computer, gaming days and nights away, they would be criticized for 'wasting their time'. No doubt that spending hours on end gaming has its drawbacks, but what was once just a hobby has taken a very lucrative turn. Nowadays, gaming has become synonymous with enjoyment as much as it has with earning some big bucks. This is because an increasing number of players are flocking to Play-To-Earn games, where players have real-life financial returns as a reward for the time and effort they put into a game. P2E games have fueled a new world of digital economies, where users can create, sell or exchange in-platform assets in return for money.
How Blockchain Is Changing Gaming
The gaming industry has come a long way. From clunky consoles, quirky cartridges and simplistic games (Super Mario Bros, anyone?) to an entertainment outlet worth over $170 billion, powered by more than 2.7 billion players worldwide. Nowadays, gaming is an all-consuming experience, built on top of ultra-realistic animations, full of twists and turns throughout what seems like an endless stream of entertainment content. There's seemingly nothing out of bounds when it comes to the possibilities of gaming. From personalizing avatars to customizing environments, purchasing tools and setting up tournaments, gamers are showered with all kinds of options to enhance the time spent in virtual worlds. But we've gone beyond the choosing of color palettes and skins; user preferences are changing the foundations of gaming. Instead of the linear experiences of the past, gaming is increasingly an open-ended experience. This is evident by the success of sandbox titles like Minecraft, drawing in players with infinite playable loops that can take shape in the form of challenges and competitions, for example. The more players engage, the greater their status in the community and bigger the incentive to engage with other users. And how to better enhance this experience than by letting players create and exchange (or even sell) their own content. All of this opens the doors to a gaming experience without limits. Take Roblox or Fortnite, two games also seeing a meteoric rise on the back of user-generated content (UGC). However, the majority of gaming experiences remain trapped in traditional, centralized models. This means that developers and gaming companies hold the most power within the ecosystem. Even when users come up with their original content, its value is entirely tied to the gaming dynamics set by developers. That's because games are provided to users on a licensing basis, meaning that they’re free to play and be enjoyed, but in the end users don’t own any in-platform assets. Think of it like renting a house but not being the owner; gamers are simply renting games. Players can be subjected to unexpected or arbitrary decisions that limit their possibilities, from the worth of their creations to the number of units that can be sold or exchanged in a marketplace. Ultimately, centralized gaming models don't favor players - and certainly fail to reward the most loyal ones, despite them spending more time online.
Best Blockchain Movies To Binge-Watch Right Now
Blockchain this, blockchain that. Blockchain everywhere. But where is the guide to understanding blockchain, and more importantly, how can you finally get to know what all those crypto memes really mean? Because, honestly, blockchain sounds just like a hard subject to learn would. But worry not, we've got the solution for you. If you love films, learning new things and you're interested in blockchain (and cryptocurrencies), you might become an expert in no time thanks to the list of movies we've put together. Meet the main Blockchain players, learn the most important concepts and find yourself asking some serious questions while having fun along the way. Whether you're totally unfamiliar with the technology or you're already a crypto enthusiast, there's something new for everyone in these documentaries. So let's jump right into the binge-worthy titles...
NFT Use Cases: There's More To Them Than Just Art
NFTs are all the rage. But we already know that. By now, many of us will have already come across at least a couple headlines or social media posts that we’ve probably had to scroll back just to read twice. You know, about those stories of virtual paintings, GIFs, cartoons, tweets and pictures of rocks selling for millions and all. Welcome to 2021 (because one pandemic wasn’t wild enough). But you might still be wondering what exactly makes virtual art worth that kind of mind boggling price tag, especially when, in theory, anything on the internet can be easily copied and shared. That’s because these pieces are actually NFTs, or non-fungible tokens, meaning they’re one-of-kind and can’t be duplicated. NFTs are essentially digital representations of everyday, real-life items, whose authenticity, ownership and transaction records are registered on a blockchain. This technology makes it near impossible for NFT-based digital assets to be copied, edited or hacked. Since all NFTs are: - Unique: there is always only one NFT per digital item - Non-fungible: can’t be traded for other tokens as they don’t have the same value - Scarce: the value of NFTs is tied to how rare they are They enable a new and more efficient way of commercializing digital assets, especially in industries where it’s particularly difficult to establish ownership or determine authenticity, like the luxury fashion segment. NFTs also open brand new revenue streams and have the potential to fuel the rise of innovative digital products. Many industries are already tokenizing assets including sports highlights, music albums, iconic entertainment moments and memorabilia. But as NFTs continue to grip the world, much is being asked about whether they’re just a fad and if they hold any long-term promise.
Top NFT Artists: 10 Best NFT Creators To Keep An Eye On
Centuries-old paintbrush art selling for eye-watering price tags? Another Picasso or Rembrandt to be hung on the wall of yet another chalet in the Swiss mountains? Auction houses feeding the ultra-rich with eclectic and ancient artifacts? That's so 2020.
Top Blockchain Startups 2021: The Projects You Shouldn Know
Each year, new blockchain innovations driven by technological advancements spring up in droves. In 2020, however, the pandemic accelerated the tech world in a way not envisioned before and forced most (if not all) businesses to adjust the way they operated.
What are Non-Fungible Tokens (NFT)? Start Guide 2022
Non-fungible tokens (NFTs) were undeniably one of the most discussed topics in the blockchain industry in 2021, right up there with DeFi and the outstanding Bitcoin rally. So, what exactly are these NFTs? Why are they so important?
15 Trends That Will Rule The Blockchain Market In 2021
Last year was one for the history books for all sorts of reasons – but not all of them bad. For the realm of blockchain, 2020 turned out to be a banner year.

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