How are NFT Games different from regular ones?In traditional video games, when you buy armor parts in a fighting or adventure game, a nice skin for a character, or receive an achievement trophy, they do not belong to you entirely — it is the property of the game’s developers. They rent them to you for use inside the game, and they decide what the price is.SubscribeIf the game closes, your in-game purchases will instantly evaporate since they cannot be used outside the game. The NFT sector rad...

How are NFT Games different from regular ones?In traditional video games, when you buy armor parts in a fighting or adventure game, a nice skin for a character, or receive an achievement trophy, they do not belong to you entirely — it is the property of the game’s developers. They rent them to you for use inside the game, and they decide what the price is.SubscribeIf the game closes, your in-game purchases will instantly evaporate since they cannot be used outside the game. The NFT sector rad...

Blockchain: Underlying Technology Behind Cryptocurrency In most simple words, Blockchain is a peer-to-peer, decentralized distributed ledger technology that maintains transactional history in a transparent yet secured and immutable manner.SubscribeSince its advent, technology has taken the world to the next level. From its use case in the finance domain, today, technology has its footprints in almost all industries, such as supply chain, art and music, healthcare, logistics, and many others. ...

Blockchain: Underlying Technology Behind Cryptocurrency In most simple words, Blockchain is a peer-to-peer, decentralized distributed ledger technology that maintains transactional history in a transparent yet secured and immutable manner.SubscribeSince its advent, technology has taken the world to the next level. From its use case in the finance domain, today, technology has its footprints in almost all industries, such as supply chain, art and music, healthcare, logistics, and many others. ...

Utility NFTs are a broad class of NFTs with specific practical applications. Like any other NFT, they are typically created with smart contracts and are unique. They also share the same properties of immutability, transparency, and security. Unlike regular NFTs, however, the core focus of utility NFTs is not their collectibility but the real-world applications, rewards, or perks they offer NFT holders.SubscribeAs a ticket for exclusive events and merchandisePossibly one of the most relevant u...

Utility NFTs are a broad class of NFTs with specific practical applications. Like any other NFT, they are typically created with smart contracts and are unique. They also share the same properties of immutability, transparency, and security. Unlike regular NFTs, however, the core focus of utility NFTs is not their collectibility but the real-world applications, rewards, or perks they offer NFT holders.SubscribeAs a ticket for exclusive events and merchandisePossibly one of the most relevant u...

STEPN is a smartphone app designed by Solana. Users can earn money for walking, jogging or running for a set period, outdoors. The reward comes in the form of Solana’s Green Satoshi Token (or GST tokens). You would need to purchase NFT sneakers to get started, and as you upgrade your sneakers, you are eligible to earn GST. When you reach level 30 you can earn STEPN GMT, the governance token.SubscribeThe move2earn lifestyle app launched with a closed beta in December 2021 and maintained steady...

STEPN is a smartphone app designed by Solana. Users can earn money for walking, jogging or running for a set period, outdoors. The reward comes in the form of Solana’s Green Satoshi Token (or GST tokens). You would need to purchase NFT sneakers to get started, and as you upgrade your sneakers, you are eligible to earn GST. When you reach level 30 you can earn STEPN GMT, the governance token.SubscribeThe move2earn lifestyle app launched with a closed beta in December 2021 and maintained steady...

Undoubtedly, NFT Play2Earn gaming has become a hot sector within the blockchain industry. Since NFTs are the ecosystem’s building blocks, it’s no surprise that utility NFTs are used to facilitate monetary transactions and general gameplay in the gaming world. An NFT is a purchasable unit of data stored on a blockchain represented by digital art. These NFT collectibles perfectly suit the gaming world as they can represent characters, items, or even land.SubscribeNFTs are one factor where value...

Undoubtedly, NFT Play2Earn gaming has become a hot sector within the blockchain industry. Since NFTs are the ecosystem’s building blocks, it’s no surprise that utility NFTs are used to facilitate monetary transactions and general gameplay in the gaming world. An NFT is a purchasable unit of data stored on a blockchain represented by digital art. These NFT collectibles perfectly suit the gaming world as they can represent characters, items, or even land.SubscribeNFTs are one factor where value...

Tether and FTXAs of 2021, 70% of the total supply of USDT (about 30 billion coins at the time), according to Protos, was sold directly to the market maker of the FTX exchange, Cumberland company, and investment fund Alameda Research. Back then, these two companies were doing a tremendous amount of work in the crypto market and needed many stablecoins.SubscribeTether issued 30 billion USDT and transferred it to Alameda Research and Cumberland in exchange for receiving (or not receiving) paymen...

Tether and FTXAs of 2021, 70% of the total supply of USDT (about 30 billion coins at the time), according to Protos, was sold directly to the market maker of the FTX exchange, Cumberland company, and investment fund Alameda Research. Back then, these two companies were doing a tremendous amount of work in the crypto market and needed many stablecoins.SubscribeTether issued 30 billion USDT and transferred it to Alameda Research and Cumberland in exchange for receiving (or not receiving) paymen...

On September 15, 2022, Ethereum, the second-largest blockchain network, completed transitioning to a new way of processing transactions — proof-of-stake (PoS). Years have passed in preparation for the network’s Merge. The new system (also called a “consensus mechanism”) replaces proof-of-work, the more power-hungry mechanism pioneered by Bitcoin.SubscribeHow does PoS differ from proof-of-work PoW?PoS and PoW differ in how they decide who has the right to record the next “block” of transaction...

On September 15, 2022, Ethereum, the second-largest blockchain network, completed transitioning to a new way of processing transactions — proof-of-stake (PoS). Years have passed in preparation for the network’s Merge. The new system (also called a “consensus mechanism”) replaces proof-of-work, the more power-hungry mechanism pioneered by Bitcoin.SubscribeHow does PoS differ from proof-of-work PoW?PoS and PoW differ in how they decide who has the right to record the next “block” of transaction...

While Ethereum is the undoubted leader when it comes to smart contracts, there are certain ways it could be better. It’s definitely not the fastest blockchain, and it’s certainly not the cheapest, either. So, while it gets the job done, it could always use some extra help from layer-2 rollup solutions. Two of the most popular networks helping to take the load off of Ethereum are Optimism and Arbitrum. While both help scale Ethereum using optimistic rollups, their nuanced differences set them ...

While Ethereum is the undoubted leader when it comes to smart contracts, there are certain ways it could be better. It’s definitely not the fastest blockchain, and it’s certainly not the cheapest, either. So, while it gets the job done, it could always use some extra help from layer-2 rollup solutions. Two of the most popular networks helping to take the load off of Ethereum are Optimism and Arbitrum. While both help scale Ethereum using optimistic rollups, their nuanced differences set them ...

An algorithmic stablecoin is a crypto asset that relies on two types of tokens: a stablecoin and another crypto asset supporting the aforementioned stablecoin. Therefore, the algorithm (or smart contract) governs their relationship. These assets are specifically designed to reach price stability while maintaining the equilibrium between assets in circulation and assets in reserve. However, like any other crypto assets traded via crypto assets exchanges, these algorithmic assets prices fluctua...

An algorithmic stablecoin is a crypto asset that relies on two types of tokens: a stablecoin and another crypto asset supporting the aforementioned stablecoin. Therefore, the algorithm (or smart contract) governs their relationship. These assets are specifically designed to reach price stability while maintaining the equilibrium between assets in circulation and assets in reserve. However, like any other crypto assets traded via crypto assets exchanges, these algorithmic assets prices fluctua...

The BAYC project’s success marked a turning point in the development of NFTs and Web 3.0. Before the BAYC, most NFTs were one-hit wonders produced by artists looking to cash in on a particular NFT craze.SubscribeYuga Labs chose a completely different strategy and put a lot of effort into building a solid and loyal community around their NFTs, which led to long-term sustainability and tremendous development for their project. Although the start was a little rocky, they eventually gained moment...

The BAYC project’s success marked a turning point in the development of NFTs and Web 3.0. Before the BAYC, most NFTs were one-hit wonders produced by artists looking to cash in on a particular NFT craze.SubscribeYuga Labs chose a completely different strategy and put a lot of effort into building a solid and loyal community around their NFTs, which led to long-term sustainability and tremendous development for their project. Although the start was a little rocky, they eventually gained moment...

Immutable X is a Layer 2 blockchain that brings users all the benefits of Ethereum without the high costs and occasionally slow confirmation times. Created in 2018 and now the choice of network for a growing number of Web3 games, IMX offers platforms free NFT minting, a dedicated marketplace, and 9,000 transactions per second. Immutable X uses a technology called StarkEx ZK-Rollup, a technology endorsed by the co-founder of Ethereum, Vitalik Buterin.SubscribeWho created Immutable X?James Ferg...

Immutable X is a Layer 2 blockchain that brings users all the benefits of Ethereum without the high costs and occasionally slow confirmation times. Created in 2018 and now the choice of network for a growing number of Web3 games, IMX offers platforms free NFT minting, a dedicated marketplace, and 9,000 transactions per second. Immutable X uses a technology called StarkEx ZK-Rollup, a technology endorsed by the co-founder of Ethereum, Vitalik Buterin.SubscribeWho created Immutable X?James Ferg...

Half a year ago, we already saw the GameFi hype around Play2Earn. Everyone was talking about Stepn, people were quitting their jobs and selling houses to buy NFT sneakers and make money from walking. It was fun, but the project was obviously a pyramid-scheme and was kept alive by an influx of new people. When the hype was over, the project died down, now it is still functioning but at a loss. Play-to-earn projects in the GameFi space often carry with them the worry of sustainability and are e...

Half a year ago, we already saw the GameFi hype around Play2Earn. Everyone was talking about Stepn, people were quitting their jobs and selling houses to buy NFT sneakers and make money from walking. It was fun, but the project was obviously a pyramid-scheme and was kept alive by an influx of new people. When the hype was over, the project died down, now it is still functioning but at a loss. Play-to-earn projects in the GameFi space often carry with them the worry of sustainability and are e...