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        <title>DiplomatHen</title>
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        <lastBuildDate>Mon, 11 May 2026 12:08:37 GMT</lastBuildDate>
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            <title><![CDATA[best course crypto-Intelligent 2021]]></title>
            <link>https://paragraph.com/@diplomathen/best-course-crypto-intelligent-2021</link>
            <guid>MUbsMB3GRLz1H48ds5jF</guid>
            <pubDate>Tue, 10 May 2022 08:54:24 GMT</pubDate>
            <description><![CDATA[| What is the Intelligent Cryptocurrency Masterclass, and how does it work?Making the right financial choices and converting them into well-hidden tips from individuals who are close to the market can seem daunting in the cryptocurrency landscape. Experts all over the world, on the other hand, are assisting the average customer in engaging in trades that might earn them a lot of money. For most people, understanding the price isn’t an in-depth strategy. The Intelligent Cryptocurrency Mastercl...]]></description>
            <content:encoded><![CDATA[<p>| What is the Intelligent Cryptocurrency Masterclass, and how does it work?Making the right financial choices and converting them into well-hidden tips from individuals who are close to the market can seem daunting in the cryptocurrency landscape. Experts all over the world, on the other hand, are assisting the average customer in engaging in trades that might earn them a lot of money. For most people, understanding the price isn’t an in-depth strategy.</p><p>The Intelligent Cryptocurrency Masterclass gives traders a basic understanding of other fundamentals that can help them make money.</p><p>Taking part in the masterclass is a simple way for everyone to protect their money from inflation. The software, however, is not intended to be a hedge against market fluctuations. It is recommended (but not required) that users take $1,000. bets on the creator’s advice, with a possible profit of over half a million dollars in the next year</p><p>Users will learn about the best opportunity for investing in Bitcoin right now during the masterclass, which could help them get ahead of the asset’s current upward trend. They’ll also look at how digital currencies (such as Bitcoin and Ethereum) can help avoid them. as they generate huge profits, from succumbing to the harm that inflation does.</p><p>To get started, the software doesn’t require much knowledge of the cryptocurrency industry, making it suitable for both novice and seasoned traders. Dirk de Bruin will host the show, and audiences will learn directly from someone who has worked in the industry for the past six years. He’s already there.</p><p>He has shared his expertise with a large number of people and has been published in a number of crypto-related publications (including Bitcoin.com).</p><p>Users will have unique access to the top cryptocurrencies that the developer has personally curated, such as the ARK Project, the ICON Project, and Enjin, as soon as they sign up .</p><p>CLICK HERE to sign up for free</p><p>| The Intelligent Cryptocurrency Masterclass is now open for registration.</p><p>Users who want to participate in this program must sign up on the main page with their name and email address. The masterclass is free to attend, as is the advice on which three cryptocurrencies users should invest in. After registering, users will have immediate access to the masterclass, which will last approximately an hour and 47 minutes.</p><p>For the 2021 version, there are no additional costs. The paid content includes the following items:. There are no extra fees for the 2021 edition. The following items are included in the paid content:</p><p>CLICK HERE to sign up for free</p><p>100% FREE MASTERCLASS REVEALS:</p><p>The customer would also have access to all of the crypto asset reviews if they pay for a subscription. If the customer decides that this software is not suitable for their requirements, they have up to 60 days to request a refund.</p><p>CLICK HERE to sign up for free</p>]]></content:encoded>
            <author>diplomathen@newsletter.paragraph.com (DiplomatHen)</author>
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            <title><![CDATA[Defichain Value — How to make successful arbitrage]]></title>
            <link>https://paragraph.com/@diplomathen/defichain-value-how-to-make-successful-arbitrage</link>
            <guid>5Oxs7pFRNNmffqNgrKMC</guid>
            <pubDate>Wed, 04 May 2022 06:15:51 GMT</pubDate>
            <description><![CDATA[www.defichain-value.com www.defichain.com Arbitrage is to buy a currency at one exchange and sell it more expensive at another exchange. For example, buy 1 DFI for $2 at DEX and sell it at Kucoin for $2,50. This generates you a profit of 50 cents per Coin. Your aim is to end with the same currency as you started but more. This is what we call a “full cycle arbitrage”. Going through a whole arbitrage cycle is not always possible, but there are ways to work around this problem. In the following...]]></description>
            <content:encoded><![CDATA[<p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="http://www.defichain-value.com">www.defichain-value.com</a></p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="http://www.defichain.com">www.defichain.com</a></p><p>Arbitrage is to buy a currency at one exchange and sell it more expensive at another exchange. For example, buy 1 DFI for $2 at DEX and sell it at Kucoin for $2,50. This generates you a profit of 50 cents per Coin. Your aim is to end with the same currency as you started but more.</p><p>This is what we call a “full cycle arbitrage”. Going through a whole arbitrage cycle is not always possible, but there are ways to work around this problem. In the following, we will explain how you can make different arbitrage deals and how our software can help you with this.</p><p>We have developed a dashboard where we show you the prices of the different trading pairs across all exchanges every minute. Furthermore, all prices are converted into dollars to make the comparison easier for you.</p><p>Before you start, we highly recommend you watch our Arbitrage Video.</p><p>You can find here: Arbitrage Dashboard</p><p>In addition, we have developed an arbitrage notification bot. We use a telegram alert system that generates an alert message when the ratio of best buy price and best sell price exceed a certain threshold.</p><p>Note: In the following we will shorten decentral exchange with DEX and central exchange with CEX.</p><p>Let’s remember again that our goal is to have the same currency in the end as we did in the beginning, only more of it. There are two different approaches to how you can do arbitrage, each with its pros and cons.</p><p>Version 1: Arbitrage with Withdrawal</p><p>As the name suggests, we try to arbitrage with it by buying DFI cheap on one exchange, sending it to the other exchange to sell it more expensive again.</p><p>Version 2: „Planned Cross Chain Arbitrage”</p><p>If we want to send coins from one exchange to another, it can take a long time. The goal of a “Planned Cross Chain Arbitrage” is not to send coins from one exchange to the other. This can only work if we plan possible arbitrage trades in advance.</p><p>First, we will look at Version 1: “Arbitrage with withdrawal”.</p><p>There are three different ways to make an arbitrage deal with withdrawal:</p><ol><li><p>Buy DFI on CEX — Sell DFI on DEX — Withdraw to CEX — Trade End to Start Currency on CEX</p></li><li><p>Buy DFI on DEX — Sell DFI on DEX — Trade End to Start Currency on CEX</p></li><li><p>Buy DFI on DEX — Withdraw to CEX — Sell DFI on CEX — Trade End to Start Currency on CEX</p></li><li><p>We will discuss all three ways:</p></li><li><p>Path 1: BUY on CEX — Sell on DEX</p></li><li><p>Let’s start with an example:</p></li><li><p>Note: All examples are illustrated with a volume of 1000 DFI.</p></li><li><p>We differ between the Buy DFI Pair and the Sell DFI Pair. In the respective box you can see the trading pair, the exchange, and the average price per DFI.</p></li><li><p>a) BUY DFI Pair</p></li><li><p>The buy pair was USDT-DFI. This means that at that time we were able to buy DFI with USDT on Kucoin at an average price of 1 DFI = 3.37 $.</p></li><li><p>b) SELL DFI Pair</p></li><li><p>The sell pair was BTC-DFI. This means that at that time we were able to sell DFI on the DEX to get dBTC at an average price of 1 DFI = 3.55 $</p></li><li><p>In order to get USDT again, you have to take a number of non-recommendable steps.</p></li><li><p>Problem:</p></li><li><p>The problem here is that as soon as coins are on the DEX, they are on the Defichain blockchain and are therefore only images of the original crypto currency, so-called dTokens. So, for example, dBTC is a DeFi Standard Token (DST) on the DeFiChain Blockchain that represents a Bitcoin. That token is a wrapped Bitcoin on the DeFiChain.</p></li><li><p>These dTokens have the same value as the original cryptocurrencies, but cannot be easily transferred from the Defichain to other blockchains.</p></li><li><p>To solve this problem, Cake acts as a central bank. By sending your dToken from Defichain to Cake, Cake offers you to transfer them to their respective original blockchains.</p></li><li><p>This means that if you want to transfer dBTC to Kucoin, for example, you always have to do it via Cake and never directly. I.e. dBTC to Cake and from there BTC to Kucoin.</p></li><li><p>Why can this prevent us from going through a whole arbitrage circle?</p></li><li><p>The problem is that the withdrawal times of cake can be very long. If you handle amounts &gt; $10000, it can take up to 72 hours.</p></li><li><p>This prevents us from going through a full arbitrage circle, as no arbitrage window is open 72h. We illustrate this with our example mentioned at the beginning:</p></li><li><p>We start with 3370 USDT on Kucoin and use it to buy DFI at the price of $3.37 per DFI and thus get 1000 DFI. We then send the 1000 DFI to the DEX, which takes about 3 to 15 minutes. On the DEX we trade the 1000 DFI for dBTC and get $3350 worth of dBTC.</p></li><li><p>As you can see, to close the circle, we would now have to send our dBTC first to Cake and then from Cake to Kucoin, which can take up to 72h. As a result, we have no way to go through a full arbitrage cycle to end up owning USDT again.</p></li><li><p>Conclusion:</p></li><li><p>With this way it is hardly possible to go through a full arbitrage circle. We can therefore not recommend this way, unless you are satisfied with owning BTC instead of USDT in the end</p></li><li><p>Path 2: BUY on DEX — Sell on DEX</p></li><li><p>Path 2 is exposed to the same Problem as Path 1. Because we trade on the DEX only, we would have to pay out our coins via cake again for a full circle, which simply takes too long.</p></li><li><p>But we will go into more detail about the DEX only variant later.</p></li><li><p>Conclusion:</p></li><li><p>We cannot recommend Path 2 (See Path 1).</p></li><li><p>Path 3: Buy on DEX — Sell on CEX</p></li><li><p>Let’s start with an example:</p></li><li><p>We start with $2550 worth of dETH on the DEX and buy 1000 DFI at a price of 1 DFI = $2.55. Next, we send the 1000 DFI to Kucoin, which takes about 5–15 minutes. On Kucoin we then sell our DFI at a price of 1 DFI = $2.61 and get $2610 worth of BTC. If we want to own ETH again in the end, we can exchange our BTC for ETH on Kucoin.</p></li><li><p>Conclusion:</p></li><li><p>Path 3 is a practical arbitrage option. Because we can send DFI directly to Kucoin without taking a detour via Cake, we are not exposed to such long withdrawal times.</p></li><li><p>In summary, if you want to arbitrage with withdrawal, you can only by taking Path 3, unless you are satisfied with having a different currency in the end than at the beginning.</p></li><li><p>Disadvantages:</p></li><li><p>Costs — You must pay additional withdrawal costs for transfer your coins to Kucoin</p></li><li><p>Risk — In the time you transfer the money from the DEX to Kucoin the price can change at Kucoin so that you do a smaller or even no arbitrage because somebody else was faster.</p></li><li><p>Advantages:</p></li><li><p>Full Cycle — You can do a full arbitrage cycle with this and thus end with the same currency with which you started</p></li><li><p>Nevertheless, there is a way to make successful arbitrage without withdrawal</p></li><li><p>This leads us directly to the second approach.</p></li><li><p>We will now try to circumvent the problem of long withdrawal times by — simply saying -neither sending coins to CAKE nor withdrawing from CAKE.</p></li><li><p>How does this work?</p></li><li><p>As in 3.1 “Arbitrage with Withdrawal” there are again 3 possibilities:</p></li><li><p>We describe the problem and the solution using the example of Path 2</p></li><li><p>Path 2: BUY DFI on DEX -&gt; SELL DFI on DEX -&gt; Trade End to Start Currency on CEX</p></li><li><p>We call this path “No Brainer Arbitrage”</p></li><li><p>So called “No Brainer “Arbitrage is an arbitrage opportunity that occurs at the same Exchange. The advantage is that you don’t have to transfer your coins from one exchange to another.</p></li><li><p>We illustrate the whole thing again with an example:</p></li><li><p>We start with 2500 dUSDT on the DEX and sell it at a price of $2.50 per DFI and thus get 1000 DFI. We now sell at a price of $2.62 per DFI and end up receiving $2620 worth of dETH.</p></li><li><p>We are facing two problems. Firstly, there is no dETH-dUSDT pool on the DEX and secondly, we are again exposed to the long withdrawal times of Cake.</p></li><li><p>We now solve these two problems with a detour. It is not necessary to send our dETH to a CEX now. Instead, since we are forward-looking arbitrage traders, we already own ETH on any CEX and now sell it to get 2500 USDT again. With the subtle difference that we now have $120 worth of Ethereum more than before.</p></li><li><p>Why does this diversion make sense?</p></li><li><p>Don’t look at your different coins per exchange, but as a total portfolio spread over all your exchanges.</p></li><li><p>If you do an only DEX arbitrage trade and sell dUSDT for DFI and come out with dETH at the end, so you have an imbalance to ETH, then go to your CEX and sell ETH for USDT to end up with just as many USDT as before. With the subtle difference that you now have more ETH.</p></li><li><p>Now one can say it’s a problem when I end up with a coin, I don’t want to own at all through an arbitrage deal. Let’s assume it’s DOGE. Yes, then just don’t make that trade, which is no problem at all.</p></li><li><p>We have found that the best sell pairs on DEX with an arbitrage &gt;= 3% are BTC, ETH and USDC anyway. This means that it often happens, that we can make a DEX only Arbitrage Deal with these coins. And as a smart diversifying investor, you should have some of each of the mentioned coins at any time anyway.</p></li><li><p>This is not the optimal way, but it is the possible way.</p></li><li><p>The big advantage of the “planned no brainer arbitrage” is that we bypass any withdrawal fees and withdrawal times. Furthermore, through our data analysis we have found that 47% of all arbitrage opportunities &gt;= 3% are DEX only arbitrage opportunities. It is therefore important to identify and take advantage of these arbitrage deals at an early stage.</p></li><li><p>What’s with the other paths?</p></li><li><p>For the other paths, the whole thing works similarly.</p></li><li><p>As soon as you would have to withdraw your coins to close your arbitrage circle, we instead make an “external” trade on a CEX to compensate our imbalance.</p></li><li><p>Of course, this way has its advantages and disadvantages.</p></li><li><p>Disadvantages</p></li><li><p>· Opportunity Costs</p></li><li><p>· This halves your return on investment (ROI)</p></li><li><p>To make a planned cross exchange arbitrage, you need to hold at least the most common pairs like BTC, ETH and USDT. However, it may be that you would much rather invest in other coins than these. In this way, you passively pay so-called “opportunity costs”, because you may have better coins in mind to hold, which bring you more returns.</p></li><li><p>On the other hand, if you make another CEX trade at the end to own the same currency as at the beginning, you must own the same volume of coins on a CEX. This means that your investment in such an arbitrage deal double, which mathematically halves your Return on Investment (ROI). This means that if you make a profit of 4.54 % on the DEX with your volume of 1000 DFI, as in the example above, this is halved overall because of your additional trade on the CEX.</p></li><li><p>Advantages</p></li><li><p>· No withdrawal costs</p></li><li><p>· Extremely fast</p></li><li><p>Of course, if you don’t pay anything out, you’ll save yourself the cost.</p></li><li><p>Furthermore, you have the most important factor for a successful arbitrage trade on your side:</p></li><li><p>We distinguish between time that you can influence and time that you cannot influence. A planned arbitrage trade reduces the time you can influence to a minimum. So, you just must wait until your 3 trades are executed on the blockchain and can enjoy your profits.</p></li><li><p>Our focus is clearly on simplifying the planned cross chain arbitrage even further. There are two ideas on how we would like to help you with this in the future.</p></li><li><p>Display End to Start Currency Price</p></li><li><p>As described above, for a successful “planned cross chain” arbitrage trade it is necessary that we transfer our end coin to our start coin. To make this easier for you, we will display the exchange rate between these coins on the most common central exchanges for every possible arbitrage trade in the future.</p></li><li><p>Personalized „No Brainer“ Arbitrage Telegram Bot</p></li><li><p>Due to long withdrawal times, we have decided to focus more on no-brainer arbitrage. Therefore, we will develop a “Personalized DEX only Arbitrage Bot” to give the community faster response times.</p></li><li><p>How does this work?</p></li><li><p>You will fill out a form where you can enter your buy currency and a deviation level between 3 and 10% at which you would like to be informed.</p></li><li><p>Let’s say you have some USDT on DEX. Therefore, you would like to be informed when a no-brainer arbitrage opportunity with USDT as a buy currency is possible. Let’s further assume that an arbitrage opportunity bigger than 5% with Buy Pair USDT-DFI and Sell Pair BTC-USDT occurs. The No Brainer Telegram Bot will send you instantly a message about this opportunity. You can now sell your USDT for DFI and buy BTC with it to experience instant arbitrage.</p></li><li><br></li></ol>]]></content:encoded>
            <author>diplomathen@newsletter.paragraph.com (DiplomatHen)</author>
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            <title><![CDATA[PAF DAO — Next Evolution in DEFI]]></title>
            <link>https://paragraph.com/@diplomathen/paf-dao-next-evolution-in-defi</link>
            <guid>j9FSQeOoBDFO85E0Mzy8</guid>
            <pubDate>Sun, 24 Apr 2022 06:36:08 GMT</pubDate>
            <description><![CDATA[Hello everyone, Introducing the Officially Joined Decentralized Project; Pitch Finance and FlockiFinance. namely PAF DAO. Let’s go straight to the following discussion: About PAF DAO Platform PAF DAO is a Decentralized Autonomous Organization founded by Pitch Finance and Flocki Finance. Two Decentralized Projects Officially Joined; Pitch Finance and FlockiFinance. The merger, dubbed PAF DAO is taken from the initial letters of the two projects — ‘Pitch and Flocki’. PAF DAO will be a fully dec...]]></description>
            <content:encoded><![CDATA[<p>Hello everyone, Introducing the Officially Joined Decentralized Project; Pitch Finance and FlockiFinance. namely PAF DAO. Let’s go straight to the following discussion:</p><p>About PAF DAO Platform</p><p>PAF DAO is a Decentralized Autonomous Organization founded by Pitch Finance and Flocki Finance. Two Decentralized Projects Officially Joined; Pitch Finance and FlockiFinance.</p><p>The merger, dubbed PAF DAO is taken from the initial letters of the two projects — ‘Pitch and Flocki’. PAF DAO will be a fully decentralized ecosystem. It will provide a combined service serving two projects — Pitch Finance and FlockiFinance. Various services will include but not limited to Launchpad, OTC trading, NFT market, staking, governance, etc.</p><p>Tokenomics</p><p>Total Fee: 10%Auto Liquidity: 5%Marketing: 5%Name: PAF DAOSymbol: PAFNetwork: BSCTotal Supply: 100 MillionContract: 0x1EC8E66A4DdB61475e694e61a4657a65486c1A1D</p><p>PRIVATE SALE ROUND 1 :</p><p>PRIVATE SALE ROUND 2 :</p><p>PRIVATE SALE ROUND 3:</p><p>Buy at Pancake Swap</p><p>Roadmap</p><p>Team</p><p>For more information:</p><p>Website: <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.pafdao.com/Whitepaper">https://www.pafdao.com/Whitepaper</a>: <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.pafdao.com/whitepaperFacebook">https://www.pafdao.com/whitepaperFacebook</a>: <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.facebook.com/PAFDAOTwitter">https://www.facebook.com/PAFDAOTwitter</a>: <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/pafdaoTelegram">https://twitter.com/pafdaoTelegram</a>: <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://t.me/PAFDAOInstagram">https://t.me/PAFDAOInstagram</a>: <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.instagram.com/pafdao/">https://www.instagram.com/pafdao/</a></p><p>Author: media21Btt profile link: <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://bitcointalk.org/index.php?action=profileBsc">https://bitcointalk.org/index.php?action=profileBsc</a> address: 0x6996DD6694Dd1675DdEa6B460d400BeC19D478bb</p>]]></content:encoded>
            <author>diplomathen@newsletter.paragraph.com (DiplomatHen)</author>
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            <title><![CDATA[NFTs: Just the Beginning]]></title>
            <link>https://paragraph.com/@diplomathen/nfts-just-the-beginning</link>
            <guid>M5W5VdPeT1eJxNq7rou6</guid>
            <pubDate>Tue, 19 Apr 2022 01:10:40 GMT</pubDate>
            <description><![CDATA[If you are reading this, you’re early :) NFTs have been the craze these past few months, surpassing $5B in volume on OpenSea in January. As amazing as this sounds, I like to call the majority of this volume “Degen induced Fomo”. This Degen volume primarily stems from projects that have garnered a massive twitter following and release 10K NFT projects that generate millions in revenue. The anonymous teams behind these projects take the money and never execute on the roadmap promised. Thus maki...]]></description>
            <content:encoded><![CDATA[<p>If you are reading this, you’re early :)</p><p>NFTs have been the craze these past few months, surpassing $5B in volume on OpenSea in January. As amazing as this sounds, I like to call the majority of this volume “Degen induced Fomo”. This Degen volume primarily stems from projects that have garnered a massive twitter following and release 10K NFT projects that generate millions in revenue. The anonymous teams behind these projects take the money and never execute on the roadmap promised. Thus making NFTs one massive game of “Who’s going to be left holding the Bag?” It is estimated that over 98% of all current NFT project will be rendered worthless within the next 6–8 months.</p><p>With that being said, as with all new technologies, NFTs will take time to find genuine utility and value outside of anon projects and Influencers looking to quickly monetize their following.</p><p>Real NFT Use Cases Include:</p><p>Let’s take a look at these four use cases in more detail to determine the viability and feasibility of their real-world application. This will help us understand why NFTs are so much more than just a JPEG you can just screenshot.</p><p>NFT Academic Credentials</p><p>Fraud on resumes is a major threat to any company who is hiring. The beautiful thing about the blockchain is that it’s immutable and transparent. It only makes sense to utilize this tech through NFT’s to ensure resume fraud is a problem of the past.</p><p>To ensure this fraud won’t happen in the future; colleges, universities and employers can use the blockchain to record and verify academic credentials. In effect, your academic credentials would become an NFT. Anyone can pull up that information, since data on the blockchain is public. There is no lying about your education or qualifications, because one day, in the not-so-distant future, the blockchain will serve as your resume. Taking this a step further, employers could write a record to the blockchain about when they hired you. Employers could also publish data to the blockchain, recording the date and reason for your termination. Remember, not all terminations are bad. People often quit their jobs for a variety of reasons. Or workers get laid off due to corporations resizing their entire workforce.</p><p>After leaving a job, when you apply for a new job in the future, other companies could quickly access this data — your NFT resume — and see your complete employment history. Of course, this can be done on a permissioned platform so not everyone can see your resume without your consent but that’s another topic.</p><p>NFT resumes are a current, powerful real-world use case for the NFTs</p><p>NFT Tickets</p><p>The Secondary Ticket Market is a huge moneymaker, valued near $6B.</p><p>Companies such as Seatgeek or Ticketmaster have built empires from buying sporting event and concert tickets for cost and reselling at a higher price.</p><p>The immediate downside of secondary markets is that the event promoters, performers and facility get cut out of sales. But with NFT tickets, they could profit further from the built-in royalty when a ticket is resold before the event.</p><p>In addition, there is no way for a secondary buyer to verify if the ticket they just bought from a guy off the street corner is a real or fake ticket. That is, until the buyer gets to the gate and the ticket taker scans the ticket. Given NFTs are unique and verifiable, this problem could never possibly occur.</p><p>Other industries will soon begin issuing NFT tickets to customers as well. Industries such as amusement parks, airlines, gyms etc…</p><p>Lastly, NFTs will serve as unique passes that will grant entry into various Metaverse events or communities.</p><p>NFT Digital Assets</p><p>Digital Assets will be a major use case for NFTs as we start approaching a more refined version of a Metaverse. Your avatar in the Metaverse will have the option to be styled in clothes, shoes and other accessories. These items will all be sold and retained in the form of NFTs and can be readily traded and sold. NFT’s in fashion may even have some kind of utility in the near future, whether it’s inclusion into a community, right to a physical item, exclusive access to a store etc…</p><p>Companies such as Nike and Adidas have made early headway in the space by making strategic acquisitions, putting them ahead of the curve. Renowned brands such as Dior, Fendi, Louis Vuitton, Gucci etc… are all actively developing strategies for how they can leverage NFTs to enter into this new age of e commerce.</p><p>NFT Consumer Goods</p><p>Fake products have become a major issue, especially on secondary marketplaces like eBay or Amazon. Often times, a price looks too good to be true, and it may just be; You can never truly be sure if what you ordered is the real thing.</p><p>But one of the surest ways to avoid buying a fake product — at least today — is to buy directly from the manufacturer. If you want to buy a headset and not a cheap knock-off version, then you buy from Bose or one of the well-known Headphone carriers.</p><p>For example, years ago I bought a pair of Beats by Dre headphones. This was a couple of years before Dr. Dre sold his company to Apple for a huge cash payday and partnership. So I went on eBay to go shopping. But I had heard news that there were knock-off versions on the market and buyers had to be careful. There was a known way to check the real thing from the fake, but I wouldn’t be sure until I had the headphones in my hands.</p><p>But how do manufacturers rid the market of fake products?</p><p>NFTs for (certain) products will solve this problem.</p><p>They’ll do this because every step in the manufacturing, shipment and distribution processes will have record entries on the blockchain. The consumer can then scan a QR code directly on the product with their phone, pull up the blockchain records and verify the product is 100% authentic. And consumers could do this before handing over their hard-earned money.</p><p>There are many other NFT use cases including IP and Patents, Supply Chain Management, Real Estate etc… I merely wanted to focus this article on my favorite near term NFT applications.</p><p>TLDR:</p><p>We are just at the forefront of how NFT technology will evolve and improve everyday life.</p><p>When people think of NFTs, a Bored Ape or CryptoPunk comes to mind, but what they fail to realize is that NFTs are actually an ERC-721 contract that is permanently stored on the blockchain and that allows for numerous real world use cases.</p><p>The next 5–10 years will be super exciting for NFTs and I can’t wait to see some of these use cases launch full scale and gain a steady foothold in the greater public.</p><p>NFTs will only make our world a more transparent place to live, work, consume and play.</p><p>Thanks for reading and Feel Free to connect w/ me on LinkedIn:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.linkedin.com/in/arnavpag/">https://www.linkedin.com/in/arnavpag/</a></p>]]></content:encoded>
            <author>diplomathen@newsletter.paragraph.com (DiplomatHen)</author>
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            <title><![CDATA[Basic Blockchain]]></title>
            <link>https://paragraph.com/@diplomathen/basic-blockchain</link>
            <guid>4sHOEqPSarXSq7AmOSKR</guid>
            <pubDate>Sun, 10 Apr 2022 11:12:43 GMT</pubDate>
            <description><![CDATA[When it comes to Blockchain, a lot of people- especially people hearing about it for the first time, wonder what it is, how it works, how did it come about, and what can be done with it. Many only know about Blockchain with regards to the development aspect of it, but contrary to popular opinion, beliefs, and knowledge, Blockchain is a lot more. What, then, is the Blockchain technology? Blockchain technology can simply be defined as an arrangement (or a group of arrangement) of unchangeable d...]]></description>
            <content:encoded><![CDATA[<p>When it comes to Blockchain, a lot of people- especially people hearing about it for the first time, wonder what it is, how it works, how did it come about, and what can be done with it. Many only know about Blockchain with regards to the development aspect of it, but contrary to popular opinion, beliefs, and knowledge, Blockchain is a lot more. What, then, is the Blockchain technology?</p><p>Blockchain technology can simply be defined as an arrangement (or a group of arrangement) of unchangeable data, that are time-stamped, stored and managed by a group or group of computers in a decentralised manner. This technology stores data securely, through cryptography, in blocks that are connected to each other.</p><p>Cryptography is a method of writing or reading coded messages. The word is derived from two words “crypto” which means “secret” and “graphy” which means “writing”. Bringing this two words together, “crypto-graphy” will simply mean “secret writing”.</p><p>Though Blockchain has been around for a while, SATOSHI NAKAMOTO, a person or a group of persons, is believed to have invented this technology called the Bitcoin Blockchain, which allows digital information to be distributed amongst peers. No one can identify who this person or group is, but the history of this technology cannot be completely told without he, she or they being spoken of.</p><p>The uniqueness of this technology and the spread of its evangelism are a result of several factors.• Its decentralised nature. Unlike the centralised nature of a lot of things in our world today, Blockchain technology has no central authority. Its data are distributed and stored with several computers owned by different individuals.• It is immutable. Data stored using Blockchain cannot be changed or falsified.• Blockchain technology is open and transparent.• The uniqueness of this technology also includes the fact that it carries no transactional cost, thereby eliminating the option or thought of the middleman, and enabling peer-to-peer transactions.• It also stores all forms of data - videos, music, ebooks, special records et al as blocks of data, and stores them in the cloud.• This technology works through the aid of a network of thousands (or millions as the case may be) of computers which regularly updates these chains of blocks after having validated that the data received are true and valid.</p><p>Blockchain uses a function called the cryptographic hash function to encode, secure, and validate already stored data in blocks. It gives one a certain fixed length of hash output for every length of data input. A great example of this is the bitcoin Blockchain which uses the SHA-256 (Secure Hashing Algorithm with 256-bits in length) cryptographic hashing function.</p><p>To answer the questions of how this technology is sustained, one would have to understand how the technology works. Since there is no autonomous centralised authority, the Blockchain technology is maintained through its peer-to-peer interactions. This tech is a chain of interconnected computers known as nodes which are owned by lots of individuals who store Blockchain data on their computers. Since these individuals have the same distributed data of the same Blockchain, it would become so difficult to tamper with a particular block successfully. To effectively do this, one would have to identify all nodes and change the data on that exact block in all the identified nodes with access to that data. This, of course, is an impossible task.</p><p>Blockchains are not all open to the general public. There are two types of Blockchains - the permissioned Blockchain and the public permissioned Blockchain. A public permissioned Blockchain is an open Blockchain in which anyone can see and participate in its network protocol and help maintain its consensus. This kind of Blockchain aren’t always desirable by organisations due to its open and transparent nature. This is where the privacy comes in.</p><p>A private permissioned Blockchain, or permissioned Blockchain, are Blockchain s that are only accessible to a certain selected number of nodes and from these selected nodes a few are appointed to administratively manage its Blockchain system.</p><p>Blockchain can be used for several things such as crowdfunding, forms or data management, auditing supply chains, elections, protecting properties and creating of smart contracts.</p>]]></content:encoded>
            <author>diplomathen@newsletter.paragraph.com (DiplomatHen)</author>
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