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            <title><![CDATA[Introduction to Error404 Finance]]></title>
            <link>https://paragraph.com/@silverstork/introduction-to-error404-finance-2</link>
            <guid>uNsnkkp9cCalFJrn7V5r</guid>
            <pubDate>Tue, 10 May 2022 02:57:54 GMT</pubDate>
            <description><![CDATA[Welcome to Error404! The time has come to finally fix what is so obviously broken in the DeFi space… Behind every good project is a solid team of individuals who completely understand the scope of the market and instead of being just an observer they are actually in the trenches daily experiencing the same problems that other users are. The team here at Error404 Finance have one goal in mind and that is to provide consistent, secure, reliable, sustainable, and high earning returns on your liq...]]></description>
            <content:encoded><![CDATA[<p>Welcome to Error404!</p><p>The time has come to finally fix what is so obviously broken in the DeFi space…</p><p>Behind every good project is a solid team of individuals who completely understand the scope of the market and instead of being just an observer they are actually in the trenches daily experiencing the same problems that other users are.</p><p>The team here at Error404 Finance have one goal in mind and that is to provide consistent, secure, reliable, sustainable, and high earning returns on your liquidity.</p><p>While other simply fork existing projects our team of developers have strategically taken what has worked, optimized, and created more improved and efficient coding that puts Error404 at the forefront of innovative DeFi protocols.</p><p>The biggest differentiator is Error404 finance was created to maximize earnings and rewards by putting 100% of the profits from the capital deposited into the ecosystem to go back to work into other higher yield rewards projects.</p><p>By doing so, Error404 is the only project that puts profits back into higher yield rewards to compound with the initial profits made from the TVL, this allows a constant growth of profits from the deposited capital, compounding it to yield and offers higher rewards to both the users and devs.</p><p>This is a more reliable model compared to existing protocols that are so short sighted and produces and optimal environment for Error404’s Token value to increase as well as allow users to yield farm profitably for much longer durations with sustainable ROIs.</p><p>Error404 Finance is a Yield Optimizer hosted on the Binance Smart Chain ecosystem.</p><p>We are leveraging the low gas fees and fast transaction speeds of BSC to help facilitate a much more smoother and improved user experience compared to other blockchains.</p><p>How Do The Strategies Work?</p><ol><li><p>User deposits LP into farm or pool.</p></li><li><p>The deposited LP (TVL) is deposited into its corresponding farm provider, user has complete control.</p></li><li><p>The profits made from the deposited LP are converted to BNB and then gets deposited into a higher reward farm in order to maximize profits, these profits are broken down to fund the lottery and for research, development, marketing, and improvements of the project.</p></li><li><p>Once per day, everyday, devs will harvest rewards from the higher rewards farm, turn into BNB again, and distribute 100% from the earnings back into the same or other higher reward farms.</p></li></ol><p>This activity may also vary into one of these alternatives:</p><p>Simply put, our focus is to maximize earnings by putting all profits generated back into growing the platform even further.</p><p>Snowballing our efforts massively.</p><p>This creates more liquidity for us to deploy effectively where it’s needed most to keep the project sustainable for all users to continue to farm successfully with lessened risk.</p>]]></content:encoded>
            <author>silverstork@newsletter.paragraph.com (SilverStork)</author>
        </item>
        <item>
            <title><![CDATA[Introduction to Error404 Finance]]></title>
            <link>https://paragraph.com/@silverstork/introduction-to-error404-finance</link>
            <guid>eMchGoTNhBRhgBkt0j7c</guid>
            <pubDate>Tue, 10 May 2022 02:56:50 GMT</pubDate>
            <description><![CDATA[Welcome to Error404! The time has come to finally fix what is so obviously broken in the DeFi space… Behind every good project is a solid team of individuals who completely understand the scope of the market and instead of being just an observer they are actually in the trenches daily experiencing the same problems that other users are. The team here at Error404 Finance have one goal in mind and that is to provide consistent, secure, reliable, sustainable, and high earning returns on your liq...]]></description>
            <content:encoded><![CDATA[<p>Welcome to Error404!</p><p>The time has come to finally fix what is so obviously broken in the DeFi space…</p><p>Behind every good project is a solid team of individuals who completely understand the scope of the market and instead of being just an observer they are actually in the trenches daily experiencing the same problems that other users are.</p><p>The team here at Error404 Finance have one goal in mind and that is to provide consistent, secure, reliable, sustainable, and high earning returns on your liquidity.</p><p>While other simply fork existing projects our team of developers have strategically taken what has worked, optimized, and created more improved and efficient coding that puts Error404 at the forefront of innovative DeFi protocols.</p><p>The biggest differentiator is Error404 finance was created to maximize earnings and rewards by putting 100% of the profits from the capital deposited into the ecosystem to go back to work into other higher yield rewards projects.</p><p>By doing so, Error404 is the only project that puts profits back into higher yield rewards to compound with the initial profits made from the TVL, this allows a constant growth of profits from the deposited capital, compounding it to yield and offers higher rewards to both the users and devs.</p><p>This is a more reliable model compared to existing protocols that are so short sighted and produces and optimal environment for Error404’s Token value to increase as well as allow users to yield farm profitably for much longer durations with sustainable ROIs.</p><p>Error404 Finance is a Yield Optimizer hosted on the Binance Smart Chain ecosystem.</p><p>We are leveraging the low gas fees and fast transaction speeds of BSC to help facilitate a much more smoother and improved user experience compared to other blockchains.</p><p>How Do The Strategies Work?</p><ol><li><p>User deposits LP into farm or pool.</p></li><li><p>The deposited LP (TVL) is deposited into its corresponding farm provider, user has complete control.</p></li><li><p>The profits made from the deposited LP are converted to BNB and then gets deposited into a higher reward farm in order to maximize profits, these profits are broken down to fund the lottery and for research, development, marketing, and improvements of the project.</p></li><li><p>Once per day, everyday, devs will harvest rewards from the higher rewards farm, turn into BNB again, and distribute 100% from the earnings back into the same or other higher reward farms.</p></li></ol><p>This activity may also vary into one of these alternatives:</p><p>Simply put, our focus is to maximize earnings by putting all profits generated back into growing the platform even further.</p><p>Snowballing our efforts massively.</p><p>This creates more liquidity for us to deploy effectively where it’s needed most to keep the project sustainable for all users to continue to farm successfully with lessened risk.</p>]]></content:encoded>
            <author>silverstork@newsletter.paragraph.com (SilverStork)</author>
        </item>
        <item>
            <title><![CDATA[Dogecoin is Weird But in a Good Way]]></title>
            <link>https://paragraph.com/@silverstork/dogecoin-is-weird-but-in-a-good-way</link>
            <guid>Zu3pGfm6c1EcAT7i1uiW</guid>
            <pubDate>Tue, 03 May 2022 17:21:39 GMT</pubDate>
            <description><![CDATA[I will admit, I missed the Bitcoin train. I didn’t think a digital currency was going to be such a big deal. In fact, in 2009, I really didn’t even know what Bitcoin was. Back then, Bitcoin was considered a joke. I don’t think anyone considers is Bitcoin a joke today as it’s made many people multi-billionaires.]]></description>
            <content:encoded><![CDATA[<p>I will admit, I missed the Bitcoin train. I didn’t think a digital currency was going to be such a big deal. In fact, in 2009, I really didn’t even know what Bitcoin was.</p><p>Back then, Bitcoin was considered a joke. I don’t think anyone considers is Bitcoin a joke today as it’s made many people multi-billionaires.</p>]]></content:encoded>
            <author>silverstork@newsletter.paragraph.com (SilverStork)</author>
        </item>
        <item>
            <title><![CDATA[APPROPRIATION OF PERSONALITY IN THE METAVERSE: CAN YOUR AVATAR BE A CLONE OF YOUR FAVOURITE CELEBRITY?]]></title>
            <link>https://paragraph.com/@silverstork/appropriation-of-personality-in-the-metaverse-can-your-avatar-be-a-clone-of-your-favourite-celebrity</link>
            <guid>ZFiXqloGocbpBfY3ttoe</guid>
            <pubDate>Sat, 23 Apr 2022 09:35:22 GMT</pubDate>
            <description><![CDATA[As we discussed in our last blog post (linked here), there is no doubt that mass adoption of the metaverse will create all kinds of legal issues. One such legal issue may result in the oft forgotten legal principle of the Right of Publicity (known as Personality Rights in the US) moving from the backwaters of the law to center stage. The Right of Publicity is the right of a person to control the commercial exploitation of their identity. The Right of Publicity and the Appropriation of Persona...]]></description>
            <content:encoded><![CDATA[<p>As we discussed in our last blog post (linked here), there is no doubt that mass adoption of the metaverse will create all kinds of legal issues. One such legal issue may result in the oft forgotten legal principle of the Right of Publicity (known as Personality Rights in the US) moving from the backwaters of the law to center stage. The Right of Publicity is the right of a person to control the commercial exploitation of their identity.</p><p>The Right of Publicity and the Appropriation of Personality</p><p>The Right of Publicity is protected in Canada through civil (tort) law, specifically the tort of appropriation of personality. This tort differs from legal actions based on an infringement of trademark or copyright. Instead, the tort of appropriation of personality is actionable where a party uses the image of another for their commercial advantage.[1] In British Columbia, plaintiffs can rely on legislation to seek legal recourse.[2] In Ontario and Alberta, plaintiffs must rely on the common law.</p><p>Under the tort of appropriation of personality, the commercial use of a person’s representational image, without consent, constitutes an invasion and an impairment of that person’s exclusive right to market their personality.[3]</p><p>Put another way, you cannot use another person’s likeness or image for profit.</p><p>How Does this Apply to Avatars and the Metaverse?</p><p>This legal action is difficult to prove in the course of regular/physical life. However, in the context of the metaverse, appropriation of personality becomes a very interesting and thorny issue.</p><p>The use of avatars is the reason we believe this legal action will have a presence in the metaverse. In a virtual world we will be creating avatars to navigate and participate in an online environment that will be an extension of the physical one. In that environment many people will be running traditional businesses and/or profiting as influencers. It is therefore not hard to imagine that some of these individuals will seek to increase their business, standing or influence by creating and using avatars that portray a celebrity or trusted public figure.</p><p>If you are running an online sneaker company, what better way to boost sales than creating your avatar to look like Michael Jordan? Or, use a Tony Robbins based avatar to promote your personal development course?</p><p>Have a coding course? What about using an avatar that clones Bill Gates and maybe even mimics his voice? Examples of this currently exist. The creators of sports themed video games (such as an NBA game) must pay royalties to players (or the league) to use the image and likeness of the players in the game. The list and examples could go on forever, but in each case, where an avatar is based on another person for the purpose of profit, the creator of that avatar is flirting with falling offside the tort of appropriation of personality.</p><p>The question will then become, to what extent are there similarities between the avatar and the person being copied? Although this will be an area for the Courts, we think it is safe to say that if an avatar can reasonably or objectively be identified as the person being copied, the creator of the avatar is probably in the wrong, at least so long as consent of the person copied is not obtained.</p><p>How Far will the Law Extend?</p><p>As an extension to our relatively straightforward example above, and where I think many legal battles will be fought, what happens with appropriation of personalities where there is no intent to profit?</p><p>In one example, what if someone designs an avatar to portray a celebrity, politician or their neighbor and then acts in such a matter that would cast that person in a negative light or potentially tarnish their reputation?</p><p>This may not fall directly under the tort of appropriation of personality (as there is no intent to profit) or defamation (as untrue statements are not being published), but one has to think that the tort of appropriation of personality or defamation will need to evolve to address these situations.</p><p>In another example, what if someone designs an avatar to portray a celebrity, politician or their neighbor and uses them in a normal fashion with no intent to profit and without doing anything that would tarnish their image? Will the law expand to such an extent that our likeness is protected carte blanch? Will metaverse users seek to rely on copyright and trademark laws (intellectual property) to protect their avatars?</p><p>Depending on the direction the metaverse takes and user buy-in,, an avatar could be priceless. Laws will need to expand to offer fair protection to avatars and might struggle at the start. Alternatively, the metaverse’s user agreement — a contract user will be required to sign to join the metaverse — might offer that same protection against the recreation and duplication of avatars. In which case, a user whose avatar was unjustly copied or recreated might seek relief under the metaverse user agreement, in contract law.</p><p>The Take-Away</p><p>So, to answer the question you have all been asking, can your avatar be a clone of your favourite celebrity? In Canada, the answer is probably, yes, so long as you have no intention to profit from using that likeness and you act in socially responsible manner with your avatar. However, depending on how intellectual property laws develop in the metaverse, we might see alternative protection for the image of celebrities or ourselves.</p><p>By: Kevin Stenner and Mihai Beschea</p><p>[1] Hay v. Platinum Equities Inc., 2012 ABQB 204 at para 71.</p><p>[2] Privacy Act, RSBC 1996, c 373, section 3.</p><p>[3] Hay v. Platinum Equities Inc., 2012 ABQB 204 at para 71.</p>]]></content:encoded>
            <author>silverstork@newsletter.paragraph.com (SilverStork)</author>
        </item>
        <item>
            <title><![CDATA[Pawtastic Start of the Year!]]></title>
            <link>https://paragraph.com/@silverstork/pawtastic-start-of-the-year-2</link>
            <guid>zjCGpnQr88kWFGdOXLwb</guid>
            <pubDate>Mon, 18 Apr 2022 18:31:22 GMT</pubDate>
            <description><![CDATA[Happy New Year to all Pawtherians! 2021 was a great start for us, but we want to take the project to the next level in 2022. We’re getting right down to business this year with bridge and CEX talk. But first, what’s pawkin’ going on with all these new Telegram and Twitter users? You may have noticed we’ve had TONS of new people joining our social media channels. Telegram and Twitter have seen the most activity in this respect. We’ve dropped some updates regarding this in Telegram and Discord,...]]></description>
            <content:encoded><![CDATA[<p>Happy New Year to all Pawtherians! 2021 was a great start for us, but we want to take the project to the next level in 2022. We’re getting right down to business this year with bridge and CEX talk. But first, what’s pawkin’ going on with all these new Telegram and Twitter users?</p><p>You may have noticed we’ve had TONS of new people joining our social media channels. Telegram and Twitter have seen the most activity in this respect. We’ve dropped some updates regarding this in Telegram and Discord, but we wanted to address it officially here.</p><p>Our marketing company recently started an airdrop campaign in a special airdrop Telegram group with more than 1M followers. Fulfilling certain tasks awards airdrop participants points, and ultimately these participants are hoping to win $PAWTH tokens for doing these things and being active in socials. Things like joining Telegram and following Pawthereum on Twitter are among those tasks, which is why Telegram is now 10k+ members and Twitter 17k+ followers.</p><p>The people joining are real people. There are measures in place, such as captcha in Telegram and Discord, to prevent bots from joining. Those running the campaign itself will also disqualify anyone that breaks the contest rules. The sheer number of people can lead to some low quality posts. This is mainly because the tweets need to be in English and not all people speak English on a high level.</p><p>The good news is all of this activity keeps Pawthereum trending. This is one of the objectives of running an airdrop campaign. For example, the recap video continues to get a lot of activity, attracting new eyeballs on the project. Even if airdrop participants don’t invest right away, the massive uptick in activity and new people who are aware of the project gives this high upside. Also, follower count in and of itself can be a major sticking point for potential investors. If we continue to do good work, we have an opportunity to bring many new holders on board, especially as we make it easier to invest.</p><p>That brings us to the other large advantage of such a campaign — exchange listing negotiations. It’s not uncommon for bigger CEXs to have requirements for social channels. As an example, one top 10 exchange has a 10k+ TG members and Twitter followers requirement. With this airdrop campaign we are in a better position to negotiate with exchanges.</p><p>The bottom line is airdrop campaigns are very common in the crypto space. We would be remiss if we did not try a variety of marketing tactics. This campaign can give us a boost as we start off the new year.</p><p>Even though the number of followers and subscribers are one factor taken into consideration when talking to exchanges, there are also other requirements, especially when talking with larger CEXs, namely volume and market cap. We have been talking with several exchanges for the last month or so, but as we’ve said, we need to be strategic with when we list. This means closely following the crypto market to plan the right time and way to list. CEX listing is a huge priority because we want to be able to reach more investors who may be uncomfortable using DEXs and/or do not want to pay a high gas fee that would cost more than the value of their investment. If market conditions are right, we think this month will be a perfect time to list! As always though, we will keep the community updated on how things are looking.</p><p>Expanding onto other cryptocurrency networks has been a big part of our future plans. We are pawsitively thrilled to announce that Pawthereum will be on Binance Smart Chain in January! Our developer Myk has been hard at work to make this happen. With liquidity having unlocked, we’re ready to go forward. The long-term goal is for the token to be as widely available and easy to purchase as possible. This will be our first major step toward achieving this. We did consider Polygon as an option to bridge to first, but the majority of users are on BSC and it’s not even close. Expanding to other chains, including Polygon, is in future plans.</p><p>We set up a vote (which ends January 6th) on changing the tokenomics from 0.5% to charity, with no other taxes, to 1% going to charity + 1% going to holders. We expected that the community would love to see holding rewards make a return. After a few days of voting, it looks like that’s absolutely the case with the overwhelming majority in favor of raising the charity fee and re-introducing reflections.</p><p>If you haven’t yet voted then please do so by clicking this link:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://my.pawthereum.com/#/vote/">https://my.pawthereum.com/#/vote/</a></p><p>A look back at Pawthereum’s 2021 donations that totaled over $430,000 to tens of different shelters around the world! #FollowThePawth</p><p>We wish that 2021 treated you well and that this year would be the most pawsitive one yet!</p><p>Sincerely,</p><p>The Pawthereum Core Team</p>]]></content:encoded>
            <author>silverstork@newsletter.paragraph.com (SilverStork)</author>
        </item>
        <item>
            <title><![CDATA[Pawtastic Start of the Year!]]></title>
            <link>https://paragraph.com/@silverstork/pawtastic-start-of-the-year</link>
            <guid>ssSCEEfDlolw3DMLFbuA</guid>
            <pubDate>Mon, 18 Apr 2022 18:30:18 GMT</pubDate>
            <description><![CDATA[Happy New Year to all Pawtherians! 2021 was a great start for us, but we want to take the project to the next level in 2022. We’re getting right down to business this year with bridge and CEX talk. But first, what’s pawkin’ going on with all these new Telegram and Twitter users? You may have noticed we’ve had TONS of new people joining our social media channels. Telegram and Twitter have seen the most activity in this respect. We’ve dropped some updates regarding this in Telegram and Discord,...]]></description>
            <content:encoded><![CDATA[<p>Happy New Year to all Pawtherians! 2021 was a great start for us, but we want to take the project to the next level in 2022. We’re getting right down to business this year with bridge and CEX talk. But first, what’s pawkin’ going on with all these new Telegram and Twitter users?</p><p>You may have noticed we’ve had TONS of new people joining our social media channels. Telegram and Twitter have seen the most activity in this respect. We’ve dropped some updates regarding this in Telegram and Discord, but we wanted to address it officially here.</p><p>Our marketing company recently started an airdrop campaign in a special airdrop Telegram group with more than 1M followers. Fulfilling certain tasks awards airdrop participants points, and ultimately these participants are hoping to win $PAWTH tokens for doing these things and being active in socials. Things like joining Telegram and following Pawthereum on Twitter are among those tasks, which is why Telegram is now 10k+ members and Twitter 17k+ followers.</p><p>The people joining are real people. There are measures in place, such as captcha in Telegram and Discord, to prevent bots from joining. Those running the campaign itself will also disqualify anyone that breaks the contest rules. The sheer number of people can lead to some low quality posts. This is mainly because the tweets need to be in English and not all people speak English on a high level.</p><p>The good news is all of this activity keeps Pawthereum trending. This is one of the objectives of running an airdrop campaign. For example, the recap video continues to get a lot of activity, attracting new eyeballs on the project. Even if airdrop participants don’t invest right away, the massive uptick in activity and new people who are aware of the project gives this high upside. Also, follower count in and of itself can be a major sticking point for potential investors. If we continue to do good work, we have an opportunity to bring many new holders on board, especially as we make it easier to invest.</p><p>That brings us to the other large advantage of such a campaign — exchange listing negotiations. It’s not uncommon for bigger CEXs to have requirements for social channels. As an example, one top 10 exchange has a 10k+ TG members and Twitter followers requirement. With this airdrop campaign we are in a better position to negotiate with exchanges.</p><p>The bottom line is airdrop campaigns are very common in the crypto space. We would be remiss if we did not try a variety of marketing tactics. This campaign can give us a boost as we start off the new year.</p><p>Even though the number of followers and subscribers are one factor taken into consideration when talking to exchanges, there are also other requirements, especially when talking with larger CEXs, namely volume and market cap. We have been talking with several exchanges for the last month or so, but as we’ve said, we need to be strategic with when we list. This means closely following the crypto market to plan the right time and way to list. CEX listing is a huge priority because we want to be able to reach more investors who may be uncomfortable using DEXs and/or do not want to pay a high gas fee that would cost more than the value of their investment. If market conditions are right, we think this month will be a perfect time to list! As always though, we will keep the community updated on how things are looking.</p><p>Expanding onto other cryptocurrency networks has been a big part of our future plans. We are pawsitively thrilled to announce that Pawthereum will be on Binance Smart Chain in January! Our developer Myk has been hard at work to make this happen. With liquidity having unlocked, we’re ready to go forward. The long-term goal is for the token to be as widely available and easy to purchase as possible. This will be our first major step toward achieving this. We did consider Polygon as an option to bridge to first, but the majority of users are on BSC and it’s not even close. Expanding to other chains, including Polygon, is in future plans.</p><p>We set up a vote (which ends January 6th) on changing the tokenomics from 0.5% to charity, with no other taxes, to 1% going to charity + 1% going to holders. We expected that the community would love to see holding rewards make a return. After a few days of voting, it looks like that’s absolutely the case with the overwhelming majority in favor of raising the charity fee and re-introducing reflections.</p><p>If you haven’t yet voted then please do so by clicking this link:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://my.pawthereum.com/#/vote/">https://my.pawthereum.com/#/vote/</a></p><p>A look back at Pawthereum’s 2021 donations that totaled over $430,000 to tens of different shelters around the world! #FollowThePawth</p><p>We wish that 2021 treated you well and that this year would be the most pawsitive one yet!</p><p>Sincerely,</p><p>The Pawthereum Core Team</p>]]></content:encoded>
            <author>silverstork@newsletter.paragraph.com (SilverStork)</author>
        </item>
        <item>
            <title><![CDATA[Seriously, What Are NFTs?]]></title>
            <link>https://paragraph.com/@silverstork/seriously-what-are-nfts</link>
            <guid>CXRKRmWOXdrwWltLPpRh</guid>
            <pubDate>Sun, 10 Apr 2022 03:43:56 GMT</pubDate>
            <description><![CDATA[A new crypto on the block? A form of digital art? Or perhaps a tweet? Generally, blockchain news is hyped. Especially if you’re the lucky owner of Bitcoin (or even a few satoshis), it’s almost impossible not to feel the adrenaline pumping whenever you read about Bitcoin hitting a new record high. Since their emergence on the Ethereum blockchain in 2019, non-fungible tokens have rocked the crypto sphere. What makes them so darn valuable? By the end of this explainer, you will be able to answer...]]></description>
            <content:encoded><![CDATA[<p>A new crypto on the block? A form of digital art? Or perhaps a tweet?</p><p>Generally, blockchain news is hyped. Especially if you’re the lucky owner of Bitcoin (or even a few satoshis), it’s almost impossible not to feel the adrenaline pumping whenever you read about Bitcoin hitting a new record high.</p><p>Since their emergence on the Ethereum blockchain in 2019, non-fungible tokens have rocked the crypto sphere. What makes them so darn valuable? By the end of this explainer, you will be able to answer these questions and even create your own theories around them.</p><p>‘Nough said, let’s start mining!</p><p>What makes NFTs great?</p><p>Their “non-fungible” nature. Unlike fungible tokens that can be exchanged with other items of equivalent value. A $5 bill can be exchanged with another $5 bill.</p><p>Cryptocurrencies, which are transacted on a public network known as the blockchain, are fungible. You can exchange Ether for Bitcoin, and both for Dogecoin, Litecoin, etc.</p><p>Unlike “traditional” cryptos, NFTs can be bought and sold on various blockchain networks such as Ethereum or Solana, BUT they cannot be exchanged.</p><p>How do they work?</p><p>Essentially, NFTs confer their holder ownership rights over the underlying digital item they are tied to -an image, an article, a slogan, a video, a tweet, or any other form of digital content. That’s pretty much like digital copyright, making non-fungible tokens worth millions. Such is the example of digital artist Beeple, whose work was auctioned for a jaw-dropping $69.3 million.</p><p>Some of the most-yearned-for NFTs see the digital light through collections of cartoons like the Bored Ape Yacht Club or the beloved Nyan Cat GIF meme sold for no less than $590,000.</p><p>And these are not the only ones. Jack Dorsey’s famous first-ever tweet dating way back to Twitter’s beginnings in March 2006 went on the block for $3 million.</p><p>Distillers William Grant and Son are equally notorious for selling 15 bottles of their 46-year-old Glenfiddich whisky for how much do you think? $18,000 a piece, each of which was accompanied by a crafted NFT impression of the bottle.</p><p>The latest fad around the cryptosphere, these much-coveted tokens are both cool and valuable, often proudly exhibited as their owners’ social media avatars.</p><p>But don’t be misled; non-fungible digital assets are not just virtual expressions of art. On platforms such as Decentraland and The Sandbox, you can buy digital land as NFT.</p><p>As with any other form of digital asset, NFTs have their doubters and supporters. According to some, they’re just a waste of money, a whim of the rich, while others see in them a lot more than some digital bijou. Will NFTs change the way we buy and value property land?</p><p>Until we figure that out, let’s see…</p><p>How can you trade NFTs?</p><p>Cryptocurrencies and NFTs have one thing in common- decentralization. Both can be bought and sold on decentralized platforms. Magic Eden and OpenSea are the best-known NFT exchanges.</p><p>How do you buy and sell them? An NFT transaction is quite different from a crypto one because buying a non-fungible does not mean acquiring the item represented by the token.</p><p>Million-dollar worth of art-based NFTs have been sold, yet the buyer did not get their hands at art. What is transferred from one holder to another is the certificate of the NFT’s ownership, which is registered on the blockchain.</p><p>Like all things digital, NFTs must be kept safe in a digital wallet.</p><p>These wallets come in different shapes and sizes and can be accessed using MetaMask, your free web browser, or a secure device like KeepKey. It can also be a code you print on a piece of paper. That way, you’re sure it’s out of hackers’ reach.</p><p>To buy an NFT, you must first ensure you have a sufficient amount of the cryptocurrency on the network of which the NFT is based — ETH, if your token dwells on the Ethereum network or SOL if we speak about our roaring Surging Bulls. And Phantom wallet is your must-have in this case.</p><p>If you’re a little tech-savvy, you can mint your very own NFT. After all, non-fungibles are digital contracts with a set of rules embedded in their code, such as the number of available copies.</p><p>Are there any risks?</p><p>Investing NFTs involves certain technicalities that may be confusing, especially to newbie investors. Let’s tackle some of the risks associated with NFT investing, so you know how to avoid them.</p><p>As a rule, every blockchain operation carries fees associated with mining, an energy-engulfing process involving complex computer calculations to verify and validate each transaction.</p><p>Blockchain enthusiasts may take NFT networks by storm to buy the hottest NFT out there. They may be very likely to overlook the minting fees, which they have to pay regardless of whether or not they get the NFT.</p><p>To avoid leaving the platform penniless and empty-handed, some NFT fans utilize bots, making the marketplace almost inaccessible to investors making their first steps into the NFT space.</p><p>According to blockchain data platform Chainalysis, only “A very small group of highly sophisticated investors rake in most of the profits from NFT collecting.” Most importantly, pundits tooting the NFT horn take the largest piece of the pie almost always.</p><p>Hmm, is there a way to avoid these risks?</p><p>Avoiding risks</p><p>The NFT path is fraught with phishing scams. MetaMask, which is the most popular NFT wallet app among crypto geeks, has recently been targeted by cybercriminals asking users to provide their 12-word seed phrases via a phony pop-up ad. Avoid pop-ups. A genuine service provider would never require you to provide your seed phrase or password.</p><p>Pop-ups on Telegram, Discord, and other media platforms asking for your wallet details are equally eyebrow-raising. If data phishers get hold of your wallet data, chances are they will fleece you of all your precious tokens.</p><p>Just create an offline backup. It takes a few seconds of your time to save your wallet data onto a hardware device like KeepKey or Ledger. And, before we let you go — don’t share your wallet data with anyone! It’s the only way to keep your tokens to yourself.</p><p>Did you like this article? Watch this space for updates. Surging Bulls are on the move, and we’ve got a lot of them to round up. Don’t miss out - join us on Discord.</p>]]></content:encoded>
            <author>silverstork@newsletter.paragraph.com (SilverStork)</author>
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