The auction for the collection, which includes unreleased songs, handwritten lyrics from his personal rhyme books, freestyle battles, rare photographs and many more, is open on December 31st. A portion of the proceeds will go to the DMX family.

As previously announced, MNFTG is planning to release another exclusive NFT inspired by black artists. The company is said to be releasing a three-part NFT series on behalf of jazz legend Miles Davis called “Synesthesia,” however a release date has yet to be announced.

Auction

Atomic swaps are the process of converting one cryptocurrency to another without using a third party. Moreover, atomic swaps virtually eliminate the possibility of counterparty loss and identity theft. Since early 2017, this technology has sparked a spike of interest in the bitcoin world. Atomic swaps are distinct from centralized cryptocurrency exchanges because they use novel cryptographic technology. If a deal fails, atomic swaps generate a cryptographically encoded escrow bill that quickly recovers users’ coins. Furthermore, if the two traders quit trading, their funds are returned to them.

Atomic exchange methods are designed to prevent any user from cheating. Consider the following scenario: Kate would like to exchange her Litecoin (LTC) for Steve’s bitcoins (BTC). First, Kate deposits LTC on the contract URL, acting as a safecoin. Kate creates a key to gain access to the safecoin after creating it. After that, she sends Steve the cryptographic hash of that key. Keep in mind that Steve is unable to gain access to LTC since he just possesses a block key hash and not the actual key. In addition, he generates a separate secured contract address with Kate’s hash, where his BTC is saved. Kate obtains the BTC using the same key, so presenting Steve with his currency. This means that after Keith sends a BTC request, Steve will send an LTC request after producing a currency exchange.

The term “atomic” refers to the fact that these transactions either complete or fail. If either side fails to meet their obligations, the contract is null and void, and the monies are returned to their rightful owners. Atomic exchanges can take place in two ways: intra-chain and off-chain. Intra-chain swaps take place within one of the currency networks. Off-chain trades take place at a different level. Typically, bidirectional payment channels are used in this form of a swap. The majority of these trustworthy trading systems are multi-signature and Time Lock hash contracts (HTLC).

The Primalbasea blockchain platform, which is powered by Waves, is a perfect example. They used atomic interchain swaps to optimize cryptocurrencies. Etherswap was intended to enable a centralized exchange for ERC20 and WAVES currencies. In this sense, Etherswap is a transaction gateway system that facilitates payments without requiring the deployment of two independent lock systems on different blockchains.

Here are a couple of instances from the crypto sector. In an interview, Elena Goldberg, the head of the Amsterdam research lab, stated that they were involved in the development of a gateway feature to move Waves tokens to and from the Ethereum network. Token holders can use this feature to store their tokens in different wallets that support Ethereum. Furthermore, it allows for the exchange of ERC20 tokens. Sasha Ivanov, Waves’ founding director, and CEO added that atomic swaps via the blockchain lock are a great way to exchange tokens between Ethereum and the Waves blockchain and back. So, if you are already an Ethereum user, know how to utilize this network, and don’t want to learn about other blockchains, you can use Prime base tokens.

However, atomic swaps are not yet ready for broad use, but this technology will usher in substantial changes in terms of blockchain interoperability and better interchain trade possibilities. As a result, the use of this technology has the potential to significantly grow the bitcoin business by opening up new avenues for the development of decentralization and peer-to-peer money transfers.

If fast transaction confirmation is your priority, don’t hesitate to use the services of the bit4you cryptocurrency trading platform. Bit4you is the first Belgian cryptocurrency platform that operates on the European level. There you can buy, sell and trade with over 30 crypto assets without any risks and limits. Bit4you Academy and Demo mode will help to master your skills in crypto trading and investments. It’s high time to expand your horizons and start your crypto journey with bit4you!

Tatiana Leverya, Team bit4you.

recently we have just started several events you can benefit from, so read the whole blog and join if you want to win!

Our long-awaited Drag Races Alpha Test is live from the 1st of March! Join the madness of illegal drag races and discover the dirty streets of Metropolit. Find out more about the Alpha Test in this blog.

Have you ever wanted to join an NFT Tournament? We are organizing NFT tournaments on a regular basis and now we’ve started an NFT tournament where 10 winners will split prizes. Read more about the blog here.

If you want to play but you’re not sure how you can watch our Twitch stream first and find out what it’s like. Crypto Citizen & Trade Race Manager 2 live streams are live the whole work week.

The IOI price has taken on a down-trend structure in recent months in response to the market situation. Not only the Metaverse area, but the entire market has seen very tough corrections, and the altcoins have experienced the worst of this trend. All the more, low-liquid altcoins did not enjoy the outflow of capital, and a large part of them created new lows. However, this may not be a problem for now, as the price of IOI has found market demand and the volume has risen significantly above psychological support of $0.5.

We are currently watching the breakout of a huge bullish falling wedge pattern, which was created in the chart during the entire correction structure. If the token manages to get above $1 with such a volume and keep that price, it can gradually move back to the $2 zone. Interesting potential was also noticed by several huge foreign trading groups, which began to positively analyze the chart and fundamentals of the IOI Token.

In case you want to see a sneak peek of what Crypto Citizen really looks like from a Twitch streamer from NFT World News, check out this video. He’s specifically talking about Crypto Citizen from 39:55.

QORPO is an international company & gaming studio with 100+ employees focusing on web 3 and connecting gaming with blockchain, cryptocurrencies and NFTs. QORPO is a metaverse leader in central Europe currently building the most complete ecosystem with 4 products to be fully live in 2022 — Trade Race Manager 2, Crypto Citizen, QORPO Market and QORPO ID.

QORPO | QORPO Market | QORPO Twitter | QORPO Twitch | QORPO Wallet | QORPO Youtube | QORPO Instagram

TRM 2 | IOI Token | TRM Discord | TRM Twitter | TRM Telegram

Crypto Citizen Web | Twitter | Telegram Chat | Telegram News | Discord | Instagram | Twitch |Medium | Youtube

The nature of blockchain technology (inherently tied to cryptocurrencies) in itself is first and foremost informational. Therefore, although it is mostly known due to Bitcoin and other cryptocurrencies, blockchain can be applied to many different fields and have varied use cases.

Most use cases have to do (not-surprisingly) with the unique features of blockchain technology: the complete transparency of the public ledger while maintaining the anonymity of its users alone is almost a technological marvel. Realistically unbreakable security together with immutability of record makes blockchain also very attractive. Moreover, the technology elegantly solved the Byzantine consensus fault (failure of one node meaning failure of the whole system) while staying independent on any central authority and indiscriminate in who uses it — anyone with the access to the internet can become a user.

Nowadays, blockchain has already found a use in logistics (e.g. for tracking a quickly perishable goods, such as food, monitoring its freshness and effectively tracing down origins of any error within the logistics chain in no time), healthcare (by e.g. storing encrypted patient information that is shared across healthcare providers, removing the need for form filling), voting systems (adding a level of security unmatched in current systems), other aspects of public sector (e.g. transparent and in-real-time budgeting and budget tracking), human resources (e.g. recruiting or storing staff’s private information) and more.

Obviously, the most popular application of blockchain technology is in the financial sector. Decentralized finance services are on a boom, cross-border transactions have never been easier and with the use of quality crypto products, your assets have never been more secured. Speaking of security…

Some people may suggest that cryptocurrencies are not safe at all — you hear all the time about scams, stolen coins and terrible investments.

However, and this is very important in my opinion, this does not speak about cryptocurrencies per se!

Because of blockchain technology (meaning the true and decentralized blockchain, e.g., Bitcoin) and the cryptographic functions built into it, arguably no monetary system is more secured against theft of any kind, fraud, double-spending or hacker attacks. The system itself is probably the best we have seen so far when it comes to digital security.

What fails (and then creates the headlines you have probably read) are humans: someone leaked their secret key (password) by mistake, there was an error in the code of security protocols of an exchange that was exploited by hackers, or someone made a bad investment decision and then complained that he/she lost all the money. I don’t want to in any way downplay these problems, they should still be addressed and shouldn’t happen, but in my opinion, it is very important to distinguish between failures of the system itself and those of human decisions. Hopefully, the latter can be minimized through education and worldwide adoption of the technology.

What cryptocurrencies offer is a trade-off: You have the opportunity to be the sole person in control of your money— no middle-man, no central authority — but that also comes with the complete responsibility over your finances. If you lose your key or send the coins to a wrong address, that’s on you. Full control with full responsibility. And it is actually the first time in history when system like this functions, and is being adopted worldwide, which is incredibly exciting and brings many more opportunities.

Of course, you can decide that the trade-off is simply not worth it for you, no shame in that. You can still be a user of cryptocurrencies through third-party applications for example (which will partially cover the risk and take on the responsibility) while simultaneously benefit from at least some of the aspects of this new technology.

This point follows up on the previous one — with using cryptocurrency (mind you, on a truly decentralized blockchain), you get the complete independence from any central authority, third party or financial middle-man. Of course, keep in mind the aforementioned trade-off.

I think too little people realize how big of a deal this is. Again, in no time in history did central authorities (companies, central banks, governments, monarchs, dictators…) have no control over the money supply and currency until crypto. Why is this such a good thing?

One great example is also a fairly recent one: After Ukraine was invaded by Russia two weeks ago, Ukrainian credit-cards stopped working for most of the population and their assets have become inaccessible to them. However, because nobody controls Bitcoin, it cannot simply be shut down and so, for many people, it became the only viable option for making payments, purchases or transactions.

Independence on central authority also means, that there is no central “hub” that can be attacked with the intention to damage or destroy the system, which makes the technology very robust and, again, secure.

In a way, the decentralization of the technology can be also viewed as a tool for achieving freedom. This can be especially important in countries like North Korea, which is under totalitarian regime, because, as often debated, if you can’t control the money, you can’t control the population. Or at least you’ll have a pretty hard time. This can also be one of the reasons why countries like China or Russia are strongly against cryptocurrencies and try and regulate them as much as possible.

If you are interested in the topic of cryptocurrencies as tools promoting freedom and human rights, I highly recommend this phenomenal episode of Lex Fridman Podcast with Alex Gladstein:

A topic which is also often discussed — especially nowadays — is inflation. The fundamental question is whether the governance of economy through inflation is a good or bad thing. And there exist strong arguments why it is not only bad, but straight up theft (I’m not arguing pro or against this point, I’m simply putting it on the table). Now, Bitcoin and many other cryptocurrencies offer a non-inflationary alternative to a classic fiat currency and some cryptocurrencies are even deflationary by design. This gives every person with access to the Internet an option to break away from the effects of inflation, if he/she seems it fit.

Moreover, DeFi (decentralized finance) gives alternative to classical financial services, which not only provides this option to many people for whom it was previously unavailable, but also (usually) offers much better terms. Even the conservative crypto investments (e.g., staking stablecoins) offers on average double or triple APY in comparison to an ordinary savings account. DeFi has become one of the few strong competitors in the financial sector, which further undermines the overall monetary control held by central and commercial banks (which, if nothing else, can put pressure on them to improve their terms of services).

Last but not least, smart contracts expand the potential use cases of crypto even further.

To simply explain: one can think about smart contract as a programmable application/protocol functioning on a blockchain, which is designed to execute intended (programmed) functions automatically.

Smart contracts are greatly valuable in the process of automation, especially when it comes to filling forms, legislative or internal documentation and paperwork in general. They have a potential to for example reduce the pressure put on small and medium businesses by endless amounts of invoices, inventory reports, payrolls and other transactions. Smart contracts can be used to automatically and without manual input create, validate, approve or send all the necessary documentation, all completely securely.

And again, all the already mentioned industries — healthcare, logistics and supply chains, public sector, financial services and also real estate, legal industry and more — can potentially benefit from using smart contracts. In many instances, smart contracts can provide faster, cheaper and more secure solution than any centralized product can (that’s not to say they should be used everywhere and for everything, but the potential is huge).

GTA Ventures is the premier crypto assets venture, project accelerator, and community builder in Vietnam. They have extensive experience in a large number of areas, such as investing, portfolio management, technical recruiting, communications, and marketing. Founded in 2018, GTA began with the website (goctienao.com), which now has 500k visitors a month, and several of their groups have tens of thousands of members (e.g. Facebook 30k).

GTA Ventures already has partnered with Solana, Huobi, Rarible, RSR, Pancakeswap, & more!

We sincerely look forward to establishing mutually beneficial relationships between GTA Ventures and 2Crazy!

We’ll have much, much more in store for you, very soon!

Stay tuned!

Keep an eye on our official channels:

Simply speaking, it’s just a marketing technique, but it doesn’t mean that it’s something terrible and dangerous, although, of course, it involves some risks. So if you are careful and attentive, you can get some profit from those airdrops, as well.

The nature of an airdrop lies in distributing cryptocurrency coins or tokens for free to attract some attention. There are so many different cryptos out there, around 9000 thousand coins or even more, so no wonder some of them want to become more noticeable. To make a product unique, one should think of new ways to build a dialogue with users, and sometimes an airdrop is a real way out.

Think of a developer who has a blockchain project and wants to distribute that and promote it throughout the world and reach out to broader communities. What is the best way to do that? Of course, when you create a high-quality product, it speaks for itself, but it takes time, and it’s not always that evident for others that there is a great new project out there. Or, the situation when a project wants to reward its loyal community, what should it do? Again, an airdrop comes to help.

So, a project can preannounce the upcoming airdrop to make a fuss and get the community involved or make it as a surprise, so only those who are devoted and follow the project’s news and events will be right in time to get their free cryptos.

News about forthcoming airdrops could be found on various crypto projects’ websites, airdrops trackers like Airdrop.io, Airdrop Alert, or just googling some information on the topic. By the by, CoinMarketCap has its own airdrop they launched in May 2021.

A participant can get cryptos for free in different cases such as startups mint some cryptos to promote their project and give them away to the participants, a user needs to hold a particular coin/token, or a user has to do some tasks — to post about a project on their social media page, for instance.

To put it in a nutshell, airdrops help a company or a project to:

Standard

Anyone could be involved once submitting the required information, providing a wallet address, or maybe doing a simple promotional task. In this case, you’ll just get some free cryptos from the project directly to your crypto wallet without any difficulty.

Bounty

This one acquires to participate in the project’s activities and be more or less involved, as it’s not the same as with the standard one when you just sign up with the project and provide your address to get free cryptos. Bounties sometimes want you to share a post about the project’s product on a social media platform, sign up for its newsletter, or join a discussion group in its forum. As you can see, there are more activities, but they are pretty simple and sometimes even interesting and gripping.

Exclusive

The exclusive one is for people who follow third-party aggregators sharing the news about upcoming airdrops, and we mentioned some of them earlier. It mainly considers those who were loyal through time to a particular project, so they have a kind of VIP access to the airdrop program.

Hard Fork

They appear when a blockchain creates a new one that simultaneously runs with the first, original version. So, if you had invested in a blockchain before a hard fork appeared, you’ll get newly generated coins, as well. That’s a hands-off, easy process of getting a passive income, but it sounds mainly like a happy coincidence.

Holder

It’s about people who hold some amount of definite cryptos in their wallets. A project takes a snapshot of crypto holdings on a specific date and then asks people to claim that they own the crypto at that time and verify the fact.

Free cryptocurrency

some free tokens could end up being rather valuable ones, and grow in price over time

Good for ICO (initial coin offering)

airdrops are fruitful in order to grab more people’s attention, it’s a great way to say ‘hello!’ to the crypto world for some companies and projects

Worthless cryptocurrency

some tokens just don’t have any value, so it’s useless to hold them.

Fraud

scammers can reach you there, but only if you are not careful enough and don’t check the information thoroughly.

Overall, airdrops are a beneficial way for both — a participant and a developer to become acquainted and learn more about each other. It helps to build a bridge between a project and its user. People love getting money for free, that’s not a big surprise, but that’s not only about that. In the variety of numerous projects, it’s pretty challenging to find each other, so an airdrop, once it’s not a fake one, could be a nice technique to develop a company’s credibility and to tell thank you to a new user, who may come to stay with a project forever, or to the one who’s loyal to the community for years.