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1
Crypto Discussion / Advantages of Creating NFT Marketplace on Cardano
« on: November 15, 2022, 01:08:14 PM »
What are NFT Marketplaces?

Non-fungible tokens (NFTs) grant you ownership of internet collectibles such as artwork, music, and films. They reside on blockchains, the cutting-edge technology that powers cryptocurrencies such as Bitcoin. According to The 2021 NFT Market Report published by blockchain data company Chainalysis, the NFT market has risen to more than $40 billion (£32 billion) in value as the popularity of NFTs has expanded.
Advantages of utilizing Cardano NFT marketplace

1. Gotten Convention

The Cardano Blockchain with the ADA token gives fundamentally quicker and less expensive exchanges than some other more seasoned blockchains. Attributable to the Evidence-of-Stake (PoS) calculation, the best Cardano NFT Marketplace is among the most dependable as far as crypto exchanges when contrasted with other blockchains. The convention can develop with cutting edge highlights and broad security examination. The NFT Marketplace on Cardano ensures network security by paying takers for marking to pools that are under-immersed.

2. Supportability

The NFT Marketplace on Cardano is a green cryptographic money that is gainful to the climate. Because of its two-layer center design, the Cardano blockchain's mining cycle is more effective than that of other digital currencies. The Cardano Clearing Level (CSL) is a clearing unit that permits clients to exchange ADA quickly and economically. Cardano can consolidate the energy effectiveness that is 4 million times more than that of Bitcoin. By making a NFT Marketplace on Cardano, it figures out how to perform well in a got and moral way. The control plane is comprised of conventions that perform different errands like expanding personality ID, guaranteeing security, and associating with brilliant agreements, among others.

As the market progressively endeavors to make computerized monetary forms maintainable, to send off NFT Marketplace on Cardano could offer it an advantage over other digital currencies. The Cardano NFT Marketplace development group would permit clients to affirm possession with non-replaceable tokens. It would uphold stablecoins in light of existing monetary standards. Due to its POS agreement strategy, making a NFT Marketplace on Cardano is unimaginably energy proficient. It considers fast exchanges at sensible costs.

3. Liquidity

By making a NFT Marketplace on Cardano, the ADA coin is exchanged on various significant stages and has a ton of liquidity. The cost of the best Cardano NFT Marketplaceimprovement has been fluctuating this year and previously. At present, the market is effectively pushing manageability and related cryptographic forms of money. Nonetheless, deciding how long this propensity will continue is troublesome. The two-layer network plan of how to send off NFT Marketplace on Cardano is undeniably in excess of a cash move administration. The primary layer takes into account resource trade through brilliant agreements and all dispersed program improvement. The subsequent layer works with the cryptographic money ADA, Cardano's local coin.

4. Unwavering quality


NFT Commercial center commonly dials back as traffic grows. Notwithstanding, knowing how to send off NFT Marketplace on Cardano has remarkable versatility by handling traffic and information the executives concerns. The Cardano NFT Marketplace improvement with the ADA coin gives fundamentally quicker and more dependable exchanges than any remaining more established Blockchains. Due to the Verification-of-Stake (PoS) calculation, the Cardano NFT Marketplace is one of the most solid in parts of crypto exchanges when differentiated to other blockchains. The PoS calculation lessens the requirement for supplemental machines inside the structure since the hubs will be answerable for adequacy. The organization would be less receptive to interference subsequently. The Cardano NFT Marketplace improvement utilizes the RINA way to deal with parcel the organization into subnetworks, diminishing every hub's transfer speed prerequisites. Cardano separates the essential organization into more modest subnetworks to decrease individual hub's data transfer capacity prerequisites.

5. Better return for capital invested

Making a NFT Marketplace on Cardano accomplishes impressive versatility and specialized adaptability. This outcomes in high limit at exceptionally modest exchange expenses. It has a very much arranged business procedure and creates income through various strategies. To proficiently oversee information capacity issues, Cardano executes calculations like pruning, pressure, and division. Knowing how to send off NFT Marketplace on Cardano, a fabulous Confirmation of-Stake blockchain, will help in accomplishing speedy exchanges at a modest charge.

Cardano's benefits and hindrances give special possibilities and prizes that will urge speculations. It's essential to remember, however, that this is as yet another coin that accompanies its upsides and downsides.

cardano NFT Marketplace

Step by step instructions to send off your Cardano NFT Marketplace
The best Cardano NFT Marketplace can come to a more extensive crypto crowd. In the structure of Cardano NFT Marketplace advancement additionally, it gives many benefits, and has ascended as among the most preferred blockchains for creating NFT frameworks. In the event that you have a NFT Marketplace development, you can give makers and gatherers all over the planet the potential chance to trade their computerized resources through NFTs on the essential and optional business sectors.

Know More: www.blockchainx.tech/nft-marketplace-development

1. Laying out a Crowd of people

Prior to going forward with the Cardano NFT Marketplace turn of events, the absolute first errand is to decide the expected specialty of the stage, as computerized craftsmen or sound video content makers or game-lovers, or aggregate clients.

2. Posting Jobs of Maker and Purchaser

One more principal perspective in making a NFT Marketplace on Cardano is characterizing the person jobs. Prior to fostering the UI of the NFT stage, it is pivotal to guarantee the unimaginable person scrutinizes for each maker and merchants.

3. Outlining the UI

The UI of your market plays out a vital situation in characterizing the client experience. Architects ought to make the plan of a NFT makerplace on Cardano in the wake of pondering the accommodation of purpose for every client and vender. A Cardano NFT Marketplace improvement calls for sites facilitating more than one element, and introductions refreshes. Hence a high-in general execution with a UI smooth design is important to guarantee simple route and consistency at some stage for the clients.

4. Creating Brilliant Agreements


The resulting step is to expand brilliant agreements to illuminate the expressions of offer among a buyer and provider. While making a NFT Marketplace on Cardano, putting away the codes of oneself executing virtual arrangement in the Cardano is significant. Over the best Cardano NFT Marketplace, one can expand shrewd agreements with the utilization of 3 specific improvement dialects Marlowe, Plutus, and Haskel. Every language has specific properties. In this way, depending on the prerequisite, one can select any of the dialects on your shrewd agreement.

Cardano NFT Marketplace Turn of events

5. Connecting a Wallet


ADA is the local badge of Cardano. Generally, all exchanges happen through Cardano NFT Marketplace. For purchasers and venders, the Nami Wallet can work with NFTs. A computerized wallet that coordinates different crypto wallets might interest a greater client base. the wallet won't store the NFT records; all things considered, all the data about NFT exchanges will be put away there.

6. Consolidating Elements

A scope of highlights are accessible for the best Cardano NFT Marketplace turn of events. Market usefulness is reliant upon incorporating the fundamental elements like customer facing facades, wallet mixes, offering, and separating choices. There are no constraints on the quantity of elements that can be incorporated to send off NFT Marketplace on Cardano. The commercial center can likewise be improved with imaginative highlights, very much like any product.

Stamping NFT on Cardano Blockchain

To make a NFT, one necessities to enter the name of the NFT. They likewise need to take care of the creator's name and transfer a picture, sound, or video alongside a depiction. When the affirmation page loads, it is important to send the specific measure of ADA referenced. This is expected to mint the NFT. Do recollect that a base add up to play out an exchange is expected on Cardano.

You can track down the NFT on a shared InterPlanetary Document Framework hub. The way of the picture in the metadata and exchange are accessible on the IPFS hub also. Generally, in just 5 ADA, you can mint NFTs on the Cardano blockchain.

Cardano Blockchain

It's a given that Cardano's worth will ascend in the following couple of years as it turns out to be all the more broadly utilized. In spite of the fact that it's dubious whether ADA's market capitalization will develop a lot, the normal cost climb is without a doubt. You can say a great deal regarding digital money's specialized examination. Making a NFT Marketplace  on Cardano utilizes the local coin, ADA. It has situated itself among its crypto rivals with its inborn potential, procuring significant notoriety.

Fate of Cardano

The market capitalization of Cardano ADA was $61,345,625,976 in November of the year before. Subsequent to hitting a low of $0.76 toward the beginning of the year, ADA/USD has kept on protecting a moderate speed. Moreover, starting from the start of the year, making a NFT Marketplace development company on Cardano has become easier. This is on the grounds that the cost has had the option to keep a firm help level of $0.70. Cardano's cost dove subsequent to surpassing the $1.20 level, and it recuperated and went beneath $1 and as of ninth June, ends up at $0.63.

Conclusion

NFT Commercial centers are in extraordinary fame since they offer financial backers, computerized craftsmen, and NFT Marketplace owners a mutually beneficial arrangement. Basically, NFT Marketplace are an entire environment where commercial center holders benefit from posting and gas expenses. Then again, NFT clients and merchants benefit from trading in the NFT district. To send off NFT Marketplace on Cardano is something beyond an erratic virtual trade region.

Know More: www.blockchainx.tech/nft-marketplace-development


2
Crypto Discussion / NFT Marketplace Development Guide-part 1
« on: September 29, 2022, 01:04:11 PM »
The non-fungible symbolic industry has extraordinary possibilities, so NFT commercial center improvement is smart. This market is supposed to increment at a 35% yearly rate over the estimate period from 2021 to 2026, coming to $147 billion.

NFT has previously turned into a standard peculiarity. This inclination can be made sense of by the developing number of powerhouses included, the rise of new gaming networks, and the rising interest for advanced workmanship.

There as of now are a ton of NFT commercial centers, so this specialty can very challenge. Nonetheless, with an accomplished group on your side it’s feasible to fabricate an interesting financially savvy stage to draw in new clients.

In any case, how would you assemble a NFT commercial center? In this article, Softermii will give an outline of this point — the NFT commercial center creation, its highlights, and the advancements in question, as well as the expense of growing such an item. We have insight in making blockchain applications like Extobit and skill in FinTech. Custom NFT Marketplace Development stage improvement is a piece of our skill. Peruse on!

Key Advantages of NFT Commercial center

NFTs use blockchain innovation, similar as digital currencies. It is likewise valid for non-fungible symbolic commercial centers. Subsequently, every one of the blockchain’s benefits apply to your computerized stage for NFT deals. We should investigate the primary advantages.

Complete Straightforwardness

Blockchain innovation suggests that all NFT exchanges are noticeable in a dispersed data set. You can consider it a book of all exchanges, which shows every one of the activities on your commercial center progressively.

Decentralization

Fostering a NFT commercial center means fabricating a decentralized stage where clients can exchange resources uninhibitedly and not rely upon conventional monetary establishments, controllers, and so on. This decentralization is conceivable using blockchain innovation.

NFT’s Indissoluble Nature

Each NFT has its interesting computerized ID and unique highlights. Clients can get to selective resources right away accessible by means of your commercial center. The uniqueness makes unbreakable tokens so attractive.

Liquidity

The interest for digital currencies and NFTs is continually developing. Individuals value decentralization and the shortfall of normalized guideline, so they effectively put resources into advanced resources. Subsequently, numerous clients see expanded liquidity in the NFT area.

Realness and Interesting Possession

One more advantage of building a NFT commercial center is the opportunity to procure your clients’ dedication and trust. A non-fungible token is an openly available record of possession that might be checked if essential. Therefore, a NFT is difficult to manufacture.

Elevated Degree of Safety

Blockchain advancements permit NFT commercial centers to encounter every one of the advantages of top of the line security highlights. Such highlights incorporate cryptography and agreement calculations.

What Sorts of NFTs Can Rundown on Your Commercial center?

Consider NFTs computerized items and your commercial center as an internet based store. Very much like Web based business stages exchange clothing or, for instance, home stylistic theme things, NFT commercial centers can target various specialties.

Here you have two principal choices: make a general commercial center or a specialty one. The principal will list various kinds of NFTs, while the subsequent will incorporate just a specific kind of non-fungible tokens.

So before you start your NFT commercial center improvement process, find out about the accessible kinds of non-fungible tokens.

Workmanship

These are NFTs made by computerized craftsmen who try to sell their works at barters while holding the copyright to their specialty.

Gaming

NFT in the gaming business empowers clients to buy or acquire in-game resources. From that point forward, these resources can either be utilized in the game or sold.

Media

NFT in the media significantly works with battling extortion and copyright robbery. For instance, people of note can tokenize their substance, in this way confirming it and guaranteeing their copyright.

Music

NFTs in the music business assist creators with battling robbery and get pay from their arrangements.

One more sort of NFT includes the tokenization of virtual grounds and land. It gives a potential chance to stay away from clashes over land or land proprietorship.

NFT Commercial center Elements to Consider

NFT commercial center task advancement includes characterizing the usefulness of your foundation. Here you need to consider both advanced resource merchants and purchasers. We’ve chosen the fundamental highlights of the NFT commercial center you ought to consider.

Retail facade

Customer facing facade is the main component of your commercial center. Here you will assemble all the essential data, including offers, a definite portrayal of each NFT, its proprietors, rates, and cost history.

High level Symbolic Inquiry

Required include that is required for the improvement of NFT Marketplace Development application advancement. This element will prove to be useful when your clients need to rapidly view as the token. Here you ought to separate NFTs into classifications like music, pictures, recordings, and so forth.

Channels

Channels have a capability like the high level symbolic inquiry, yet they envelop more classes. This device will help your clients in recognizing NFTs in view of something other than their sort. There will likewise be such classes as cost, makers, resource prevalence, new offers, and so on.

Making Postings

Permit clients of your commercial center to make postings. These can be general records or, for instance, lists of things to get. It’s great in the event that postings show data about NFTs, like the resource’s title, labels, cost, or definite depiction.

Posting Status

This element is crucial for the NFT makers. Because of it, they can stay up with the latest with the ongoing status of their advanced works.

Purchasing and Offering

No Internet business NFT stage advancement is finished without the capability of purchasing and putting offers. Ensure you add this choice to your commercial center so clients can undoubtedly purchase and bid on non-fungible tokens.

Wallet

One of the most fundamental elements of the NFT Marketplace Development. It might be ideal in the event that you likewise coordinated a wallet into your commercial center. Thus, your clients will actually want to pay for and oversee NFTs without leaving your foundation.

Evaluations

Carry out a rating framework to tell the clients of your commercial center which tokens are the most important. This component will be particularly useful for fledglings in the crypto field.

Sell off

The bartering is an interesting element in any event, for those clients who are not yet prepared to exchange on your commercial center. This capability assists with creating traffic for your foundation.

Key Stages of NFT Commercial center Turn of events

Building your own NFT commercial center arrangement makes the accompanying strides:

1. Characterize Your Specialty

The primary thing you really want to do is settle on your commercial center sort: widespread or specialty. A superior choice is to list various sorts of NFTs, as it will draw in a more extensive crowd.

2. Pick Your Blockchain

Pick the blockchain on which you’ll fabricate your commercial center. The absolute most famous ones are Ethereum and Binance Brilliant Chain. You can likewise make your foundation support different blockchains on the double.

3. Decide Your Venture’s UI/UX Plan

In the wake of settling on a blockchain and a specialty, you can contemplate NFT Marketplace Development plan. Ensure your UI is natural and easy to use.

4. Execute Shrewd Agreements

The subsequent stage is to foster shrewd agreements for your commercial center. For this, you should recruit specialists who grasp administrative prerequisites.

5. Secure Capacity

In this step, you ought to figure out where the makers and purchasers of NFT will keep their resources. What’s more, you ought to guarantee that records of all exchanges are safely put away on your foundation.

6. Coordinate Outsider Administrations

To fabricate an effective NFT commercial center, you should coordinate installment passages, crypto wallets, virtual entertainment, and email administrations. These are the essential apparatuses from outsider suppliers, yet you might require considerably more. The quantity of combinations relies upon your business needs.

7. Test Your Commercial center

Whenever you’ve fostered a fundamental variant of your NFTs commercial center, test it. Along these lines, you will address every one of the weaknesses of your foundation and carry your item flawlessly.

8. Send off Your NFT Commercial center

The last stage includes the send off of your commercial center and its continuous help. You should continually work on your foundation and adjust it to the necessities of your clients.

To know more: https://www.blockchainx.tech/nft-marketplace-development


3
NFT is a digital asset that differs from other virtual assets by using blockchain technology, also used in cryptocurrencies.

NFT markets are digital platforms built on blockchain technology where non-fungible “tokens” can be minted, bought, sold, and traded.

Currently, the NFT markets are having great acceptance by investors and companies.

But what is NFT? This acronym translated from English means “non-fungible token” or non-fungible digital assets.

NFT is a digital asset that differs from other virtual assets by using blockchain technology , also used in cryptocurrencies.

What is the NFT market and what is it for?

NFTs are virtual assets that allow virtual ownership of something to be verified through blockchain technology.

The verification process is carried out in a 100% decentralized and transparent manner.

NFTs are considered “non-fungible” since they are not the same and, therefore, cannot be replaced by others.

That is, each NFT is unique and the proof of possession is not in a centralized registry, but within a blockchain.

This implies that it is not possible to “hack” NFTs because all participants have copies of existing positions on their devices.

Currently the most used blockchain in the NFT market is Ethereum, such as:

opensea

rare

nifty-gateway

Valuable

Foundation

Axie Infinity Marketplace

Advantages of NFT markets

NFTs are programmable via smart contracts, as a consequence:

its owner can access a percentage of the profits for future sales automatically

establish direct contact with a certain community

Outlook for NFT markets to 2022


NFT markets could become mainstream by 2022, according to “Activate Consulting”, a management consulting firm for the technology and entertainment industries.

The company claims that all technology and media companies should opt in to the use of NFTs.

He also assured that NFTs will continue to make their way to a broader set of industries.

“As more consumer time shifts to digital experiences and interest in the metaverse grows, we believe every technology and media company will need an NFT strategy”

Activate Consulting

It should be noted that in 2020, the NFT marketplace development reached sales of more than 1,191 million pesos, while in the first quarter of 2021, sales amounted to more than 19,724 million pesos.

The NFT market reported growth of more than 5,000% during the first quarter of 2021 compared to the same period in 2020.

To Create your own nft marketplace click: https://www.blockchainx.tech/nft-marketplace-development

4
Crypto Discussion / What does it mean to “mint” an NFT?
« on: August 18, 2022, 07:35:31 AM »
What does it mean to “mint” an NFT?

The  market for NFTs  is growing by leaps and bounds in recent times. This is due to the fact that more and more people perceive that it is a safe investment and with a very high profit margin in a relatively short period of time compared to other alternatives in the financial market.

But to correctly choose the types of tokens that are purchased and the value accumulation strategies so that they become more relevant to buyers, it is essential to have a good understanding of the market and the ways of operating with NFTs.


Therefore, we are going to explain some basic guidelines to start buying and trading with NFTs. We are also going to break down some of the most frequently used terms, so that you can better understand the information about trading NFTs.

What does lying mean?

Each NFT is unique, this is what gives it its market value and what allows transactions to be made with your information. Just like a tangible asset with an identification certificate (like car registrations, for example), tokens have unique strings of code that are uploaded to blockchain development services .

The blockchain  is the mechanism through which cryptocurrencies and digital assets work, whose code is divided into small sections that can only be assembled if you have the certificate of ownership of those assets.

In this sense, the  meaning of minting  is basically to assign a blockchain certificate to a digital asset. Regarding the creation of value assets in the blockchain, that is, the creation and validation of unique certificates for digital assets, each platform has its own protocols and procedures. So the process of mining or uploading a certificate is different depending on the  blockchain  they use.


What is lying an NFT?

Considering the above, mining an NFT means creating a token or certificate of an asset and uploading it to the blockchain. To put it more simply, that NFT is given a unique identity that allows it to be traded and accumulate value. If this process is carried out correctly, your NFTs can be more attractive to buyers. In addition, they will have a safer investment, since these certificates cannot be stolen or compromised.

What is lying a Solana NFT?

Solana is a blockchain platform that has its own cryptocurrency and is based on the PoS approval system. This system, also called "proof of participation", is a protocol that requests proof to prove the possession of certain digital assets. It is a very efficient protocol, because the probability of finding a block of transactions and unlocking it is directly proportional to the amount of coins that are accumulated in the network. That is why a shielding effect is produced based on the possessions of each user.

Minting a Solana NFT  consists of uploading new certificates using the blockchain chain  used by this platform. The value will be supported by the way the code is built and by the means used.

Where are NFTs minted?

It can be done on any blockchain platform  that your particular system has. Obviously, they will have to adapt their means to the platform in which they are programming and uploading the certificates. Some of the most common alternatives to consider can be, for example, Bitcoin and Ethereum. To mint in Bitcoin, you must generate a series of satoshis with your own configuration. And so they are going to create a non-fungible token. For their part, to mint an NFT in Ethereum, they must create an address associated with a  smart contract  under the ERC-721 or 1155 format. This could be done through OpenSea, Mintable or Rable, among other alternatives.

How much does it cost to mint an NFT?

Depending on the platform they choose to mint an NFT, they will be charged a commission according to the declared value. For example, at OpenSea, this commission is 2.5%. This can represent a high cost if they have a high-value token, but they also have to take into account that there are platforms with more secure dynamics than others. Sometimes it is advisable to pay a higher commission, but have a higher visibility in the market and better security. In this way, it is possible to better take advantage of the advantages offered by each platform so that the answer to  how much it costs to lie  is in accordance with the interests with which we have created the NFTs to sell or hold.

Can you lie for free?

There are free alternatives to minting that are quite convenient if you are starting to create NFTs or want to try certain platforms. Obviously the results are more  amateurish , but they can add value and are fully functional, so we recommend trying them out at an early stage. An option to mint for free is Mintable, which consists of an Etheteum Marketplace. If you want to try new alternatives and start entering the community, you can try this platform. Its  gasless mining criteria  allows you to upload NFTs completely free and very accessible.

So if you are researching the NFT market and want to start testing various tokens, you can start with simple platforms and gradually scale in complexity and value. Later you will be able to put together your own collections and you will be able to create much more attractive options for your buyers or to accumulate value.

Click to Know More: www.blockchainx.tech/crypto-currency-development

5
There is a lot of hype around metaverse cryptocurrencies since 2021. This has a lot to do with Facebook rebranding to Meta . Being one of the largest technology organizations in the world, Facebook created instant appeal for a market that has seen many technical improvements since 2019.

In fact, towards the end of 2021, metaverse-cryptocurrencies were among the best performers. Some of them generated profits of over 10,000% for the year.

New time for metaverse cryptocurrencies
On this basis, it makes sense to start looking at the best metaverse cryptocurrencies to buy in 2022 . The market is just beginning to recover from a massive correction earlier in the year , which means current prices are a perfect entry point for high quality.

To make your choice easier, in this note you will find the best metaverse cryptos that can be exploited in 2022 .

While the cryptocurrency market is unsecured, it has a high potential to beat the market in 2022 .

Decentraland (MANA)
Decentraland has become one of the most widely adopted crypto-metaverses in the market today. In late 2021, Decentraland made headlines when a virtual property worth $2.4 million was sold.

The most recent news about Decentraland involves Samsung , which has opened a virtual store in this metaverse.

With such high-profile adoptions, there is no doubt that Decentraland could do quite well in 2022. In addition to this growing cryptocurrency adoption, Decentraland has an advantage because it gets the full essence of the Metaverse.


Sandbox (SAND)
Sandbox skyrocketed in 2021. While it started the year in the red, this cryptocurrency development company metaverse appears to have bottomed out and is currently gaining bullish momentum. So far, Sandbox’s success has a lot to do with its focus on a large and fast-growing gaming ecosystem.

This attracted gamers looking to play to win games to have fun and make a living from games in this metaverse.

Additionally, rewards earned or created in the Sandbox gaming ecosystem are easily transferable to any other metaverse platform.

This has made it one of the top platforms for gamers and creators looking to make money from NFT games and cryptocurrencies.

Axie Infinity (AXS)
Axie Infinity, like the other two before it, was one of the best metaverses in 2021. Looking ahead to 2022, there are multiple reasons to believe that AXS could still outperform the broader cryptocurrency market by a huge margin.

One of the key factors likely to drive Axie Infinity stock price in 2022 is FOMO around metaverse cryptocurrencies.

Since it is one of the most recognized, it is likely to see an increase in investments as the enthusiasm for Metaverse cryptocurrencies increases.

Best of all, Axie Infinity has a strong and well-funded team of developers. In 2021, the company behind Axie Infinity raised over $150 million from its venture capital backers. The money has been put to good use and in October 2021, version 2 of Axie Infinity was released.

A combination of market recognition and a well-oiled money machine puts AXS among the top cryptos in the metaverse to mine in 2022.


Terra Virtua Kolect (TVK)
Like RFOX, Terra Virtua Kolect makes it to the list of the best metaverse cryptocurrencies that can be mined in 2022 due to its low market capitalization.

TVK is still in its infancy and has a market cap of just over $116 million. This means it has plenty of room to grow as investments in the metaverse grow.

However, it’s not just the low market cap that makes TVK a metaverse-worthy investment in 2022. There’s also the fact that it has a variety of digital collectibles.

It has everything from Godzilla-v-Kong to Top Gun. This has made him a player favourite , a factor that could help increase TVK’s value as the year progresses.

RFOX (RFOX)
The Metaverse is like any other aspect of the cryptocurrency market. While large-cap cryptos are worth investing in , the maximum profit potential is usually found in the smaller-caps.

That’s where RFOX comes in . It has a market cap of just over $120 million. This gives it plenty of room to grow as excitement around the Metaverse grows.

Aside from its low market capitalization, there are fundamental reasons why RFOX makes sense as an investment among metaverse cryptocurrencies.

While most focus on the gaming industry , RFOX takes a more holistic approach to the Metaverse with the goal of building a replica of the real world , including trading in the Metaverse.

This gives RFOX a broader scope of adoption and could play a huge role in its long — term growth . For this reason, RFOX is one of the best metaverse-cryptocurrencies that can be mined in 2022.

Star Atlas DAO (POLIS)
Atlas is the perfect metaverse for futuristic gamers who want to win and who love to imagine the world hundreds of years ahead.

The way it works is simple, players solve problems on a futuristic version of earth , 600 years from now, and earn rewards for it.

Like other projects on the market today, the aspect of earning rewards that can be sold as NFTs makes POLIS a very attractive metaverse platform for gamers.

POLIS is a perfect investment among cryptocurrencies because it is the token used for transactions within Star Atlas DAO from the perspective of the investor.

This means that as more players enter the Star Atlas DAO ecosystem, the value of POLIS will increase among cryptocurrencies.

Also, POLIS has a fairly low market cap (less than $100 million). This leaves plenty of room for growth in this metaverse considering it could be a trillion dollar market by the 2030s.

Define Finance (FINA)
While the cryptocurrency development company has been trending down for the first two weeks of January 2022, FINA has defied it. It was trending up throughout this period, and momentum is building.

Defina is a relatively new platform in the metaverse and provides players with an all-in-one platform to collect , play, and trade NFTs.

Anything players create in the Define Finance ecosystem, they fully own. This makes it very attractive to players who also want to build an NFT portfolio and gain long-term wealth.

However, the main reason Defina is a must-have this year among metaverse cryptocurrencies is its token buyback program.

In December 2021, Defina announced a large BNB budget that is being used to buy back tokens from the secondary market and reward participation. A more elastic exchange pool will be created with 40% of sales.

Like a share buyback program on the stock markets , this is a factor that could help propel FINA to new heights in 2022. For this reason, FINA cannot be missing among the best metaverse cryptocurrencies that can be exploited in 2022.

Etherland (ELAND)
Etherland is one of the Metaverse projects with the greatest potential for future adoption. That’s because it aims to connect the virtual and real worlds, turning real-world items into NFTs.

ELAND tokens are a medium of exchange that ensures uniqueness, reliability, and authenticity in NFT content that represents real-world data. It also guarantees that you have what is yours.

This is a big deal as it could unlock a whole new world where just about everything from cars to real estate could be turned into digitally tradable NFTs.

This potential, coupled with the fact that ELAND is still small cap ($1 million market cap), makes it one of the best metaverse cryptocurrencies to mine in 2022.

DotMoovs (MOOV)
DotMoovs is an interesting Metaverse platform in that it takes on the multi- billion dollar soccer market. It allows friends to bet on games and even play virtual soccer as they would on conventional virtual soccer platforms like FIFA.

The only difference is that the rewards are MOOV tokens that can be exchanged for other cryptocurrencies. Essentially, players have fun while making money playing fantasy football.

MOOV can also be staked, which creates a passive income element around MOOV. A combination of a huge market (football) and the hype around the Metaverse as a whole, it’s not hard to see why MOOV is one of the best that may blow up in 2022.

MetaHero (HERO)
MetaHero is one of the Metaverse projects that has grown quite rapidly since its launch due to the use of Blockchain technology that creates ultra-realistic avatars .

This has given it great potential for adoption not only in gaming, but also in many other industries. In addition to its technical capabilities, MetaHero has a relatively low market capitalization. This gives it plenty of room to grow in the future as adoption grows.

To know More: www.blockchainx.tech/crypto-currency-development

6
Crypto Discussion / How to transfer an NFT without dying trying?
« on: July 29, 2022, 02:48:41 PM »
Whether you’ve jumped on the NFT bandwagon or are just doing your research before jumping in, one of the most important things you’ll need to know is how to transfer an NFT correctly (and safely). This is the world of cryptocurrencies, where any mistake can make you lose everything.

With crypto art selling in the millions this market cycle, it’s vital that you learn to handle your assets carefully, just as you would any real-world art. In this sense, we are going to teach you step by step everything you need to know about how to send and receive NFTs correctly.

Installing MetaMask

First things first, whether you’re sending or receiving an NFT, you’ll need a handy app like MetaMask. For those who don’t know, MetaMask is the world’s leading non-custodial wallet with over 10 million monthly active users.

Working as a browser extension or smartphone app, MetaMask allows you to store, manage and transfer Ethereum or other ERC-20 tokens.

When creating your account, you will have the opportunity to create a wallet and add a password that will give you exclusive access to the account. It will also give you an initial phrase as a backup (be careful not to lose it and write it down on a piece of paper, leave it well backed up). However, once your MetaMask account is active, you are ready to transfer any NFT .

How to send an NFT? (Step by Step)

This is a quick guide on how to send an NFT between Ethereum compatible wallets. This process will be the same whether you have sold an NFT and are transferring the token to the buyer or if you are simply sending the NFT to another of your wallets or to a market.

1. Open the MetaMask wallet

If you want to send an NFT using MetaMask, you will need to install the mobile app. At the moment, the browser extension does not support NFT transfers, but this is expected to change in the near future.

2. Go to the NFTs tab

Tap the “NFT” tab to see an overview of all the NFTs you have. Select the one you want to transfer and continue to the next step.

3. Enter the recipient’s address

Now comes the important part. Here you will be asked for the recipient’s address , which should have already been provided to you. An Ethereum address is a 42-character hexadecimal address, which may seem a bit confusing to those unfamiliar with it.

However, all you have to do is simply copy and paste the address into the box. Be sure to double check (maybe even triple) the address to make sure they match because once you send the NFT, there’s no going back . Once you’re ready, press ‘Next’ and follow the standard transaction instructions.

4. To pay, to pay the gas

Now is the time to pay the gas fees. For now, you have to choose between “Slow”, “Average” and “Fast” . The faster the option you select, the higher the rates.

For more information on gas rates when using MetaMask, check out their handy user guide that breaks down the basics.

5. Verify the transaction

Finally, all that is left for you to do now is to verify the transaction on the blockchain technology . One of the best ways to do this is through the Etherscan website.

Simply enter the transaction ID in the search bar in Etherscan, or click “View in Etherscan” directly in MetaMask to see the status of the transfer. As soon as you see the word “Success” on the transaction page, the transfer is complete.

How to receive an NFT? (Step by Step)

When you buy an NFT, the asset will usually be sent directly to your wallet through the market. However, if this is not the case, the seller will need to send it to you manually . Is that how it works:

1. Give your address

Go to your MetaMask, copy your address and provide it to the sender. Please make sure there are no mistakes and your address is 100% correct.

2. Have the NFT sent to you

Once you’re satisfied you’ve provided the correct address, give the green light and tell the seller to make the transfer. Once they have sent it, ask them for the transaction ID (TXID).

3. Confirm the transaction

Using the TXID, look up the transaction on Etherscan. You should immediately see evidence of the transaction on the blockchain development services. Once the TX is confirmed, you are officially the new owner of the NFT.

4. Add the token to the wallet

You may not be able to see it yet, but it is there .

Sometimes the NFT will not appear in your wallet automatically. If that has happened to you, don’t worry. All you need to do is add the NFT manually directly in the MetaMask app. Simply click on the NFT tab once more and select “Import NFT”. You will then be prompted to enter the token address and “Collectible ID” .

How much does it cost to transfer an NFT?

As mentioned, every time you make a transaction on the Ethereum blockchain, you have to pay something called “gas”. The gas works as a network fee paid to miners to compensate them for the energy expenditure of mining new tokens.

Unfortunately, the gas fees to transfer an NFT vary dramatically depending on how clogged the network is . The busier it is, the more expensive it is to send an NFT. For a short period of time, you can expect to send an NFT for around $1–20. However, prices can get very high very quickly when there are a lot of people.

How to keep my NFT safe?

Here are some quick tips on how to keep your NFT and wallet safe when they are transferred to other people.

Use cold storage like Ledger or Trezor, check out the best NFT wallets .
Always check who you are sending the NFT to.
Please re-verify the address when sending and receiving.
Beware of phishing scams (fake websites and sellers).
Always confirm the currency when sending/receiving (ETH in this case).
Never give away your MetaMask account seed phrase or password.
Finally, if you have sold an NFT to a buyer, never send the token to their address until you have received the funds first . Above all, be vigilant when dealing directly with sellers/buyers. In general, it’s best to stick to NFT markets as they offer an extra layer of protection, but if you must go it alone, remember to follow the steps in this article and keep our safety tips in mind.

To know more: www.blockchainx.tech/crypto-currency-development

7

It is possible to get filthy rich with the aid of making an investment in cryptocurrencies before 2023 starts off evolved, take a look at out how.

A couple of weeks within the latest past have no longer sincerely laboured in preference of the cryptocurrency market, what serves to be a ray of desire is the leap-again of the cryptocurrencies, though sluggish but regular. It’s possible to get filthy wealthy by making an investment in cryptocurrencies earlier than 2023 begins but you may additionally lose all your cash. Investing in crypto belongings is risky but also doubtlessly extremely worthwhile.

Cryptocurrency is good funding if you want to take advantage direct exposure to the demand for virtual foreign money. While Bitcoin continues to dominate the crypto area, different promising altcoins also are making headlines as they may be attracting many crypto buyers lately. So manifestly, Bitcoin is not the most effective crypto choice to invest in. This article capabilities the pinnacle 10 cryptocurrencies to shop for earlier than 2023 to get rich.

Binance Coin

The destiny of BNB is dependent on the growth of the Binance Exchange platform. And as in line with the present day scenario, Binance Coin’s destiny looks bright that may pump charges to new highs. And therefore as according to the BNB charge prediction, the BNB charge would possibly go US$610 with the aid of the quit of 2023. Hence, it is one of the nice cryptocurrencies to buy before June to get rich.

Tether

Tether is a blockchain-based cryptocurrency that is backed through the U.S. Greenback. This manner there are real dollars in reserves at economic institutions to function as collateral. Stablecoins, while completely backed by means of the dollar, have a 1:1 relationship with USD. You can anticipate stablecoin charges to stay stable, because the name suggests, not like famous cryptocurrency counterparts Bitcoin and Ethereum.

USD Coin

USD Coin has a fixed fee of US$1 in keeping with the coin, and every USD Coin is sponsored through a US dollar in a separate bank account. This makes USD Coin a popular preference for crypto buyers who need to avoid the volatility and charge risk associated with massive currencies like Bitcoin and Ethereum. It is one of the best cryptocurrencies to shop for earlier than June to get rich.

Polygon

Polygon delivered its version of the Ethereum Hardfork, which makes its pricing extra predictable, finally making MATIC deflationary by burning cash. Its motive is to keep away from over-flooding the marketplace with token circulate, eventually enhancing the general cost of the token.

Terra

Terra (LUNA) brings loads of benefits to the market. Its decentralized and permissionless nature makes it ideal for the virtual economic system. The community gives competitive programmable bills, logistics, and an infrastructure designed to simplify Dapp and stablecoin improvement.

XRP

Ripple XRP is a part of the swiftly-growing cryptocurrency universe that has enjoyed amazing growth in fortunes over the last 12 months – and continues to make headlines. Because of its consensus protocol, XRP is able to system transactions in seconds at a low value and with minimal strength. This makes it one of the greater environmentally pleasant cryptocurrencies. Bitcoin transactions, alternatively, aren’t efficient. It is one of the nice cryptocurrencies to shop for earlier than June to get rich.

Solana

Solana suits up nicely with Ethereum in important areas for development, velocity, and low transaction expenses. Ethereum’s structure limits transactions in line with 2nd to fifteen-30 on its community, creating the bottleneck that effects in excessive gasoline prices. It has attracted many crypto traders due to its progressive traits.

Cardano

Cardano is a 3rd-generation crypto. Its traits provide the high-quality combos of first and 2nd-era cryptos, together with Bitcoin and Ethereum. It uses Proof of Stake (PoS) in place of Proof of Work (PoW), improving its sustainability compared to other cryptosystems. Experts recommend making an investment in Cardano.

Avalanche

Avalanche is one of the few blockchains that may scale with out sacrificing decentralization. Its ability for interoperability with many blockchains is endless. Avalanche blockchains modify consensus algorithms based totally on the use case, and the network has greater validators than other networks. It is one of the excellent cryptocurrencies to buy before June to get rich.
Bitcoin

Cash Bitcoin Cash’s supply is capped at 21 million coins. It additionally reduces the price of mining by means of nearly 50% every four years, which suggests that its circulating deliver additionally continues decreasing. Due to coin burns, its marketplace price has witnessed a price hike.

To know More: https://www.blockchainx.tech/crypto-currency-development

8
Crypto Discussion / The main NFT projects of 2022 in the world
« on: July 22, 2022, 08:28:20 AM »
We have been talking about the  benefits  of blockchain for years. And in recent years, technologies have emerged that show this, such as cryptocurrencies or cryptocurrencies, Bitcoin and Ethereum among the most popular. Precisely, last year the concept of NFT,  non-fungible token , began to be discussed . And its integration into the metaverse.
The NFT or non-fungible token is a  cryptographic virtual item  that represents something unique. Unlike cryptocurrencies, which are replicated and exchanged identically, the NFT is  unique, indivisible, and transferable .For everything else, this blockchain-based technology may be used to create and distribute all types of material, including music, movies, video games, the metaverse, and other virtual worlds.
If NFTs began to be  talked about on a large scale last year  , what does 2022 hold? Will it be a fad that will be forgotten or are there really  exciting projects  on the horizon that will make NFT commonplace in certain industries for years to come?
Sports and NFTs
The international consultation  Deloitte  predicted at the end of last year that NFTs related to sports will generate around 2,000 million US dollars in 2022. And that more than 5 million fans will acquire an NFT product during this year. But to make this possible, platforms and projects that offer sports-related NFTs need to emerge. Something that already exists.
One of the most popular NFT projects in the sports field is  NBA Top Shot , the official NFT platform of the NBA, the American basketball league. Making a comparison with the classic trading cards and stickers that sport has always used as a claim, the NBA has created NFTs starring its franchises, players and highlights. It is in beta phase but it already allows you to purchase NFTs in its own  marketplace  using Bitcoin, Ethereum, DAI or USD Coin.
American football also offers its NFTs through the  NFL All Day platform , managed by Dapper. In its  marketplace  you can search by player, team, position or price. As a curiosity, the NFTs offered correspond to  videos with the most outstanding plays  of the most iconic players.
Beyond the collection of images or videos, the NFT developmenthttps://www.blockchainx.tech/non-fungible-token-development has much to contribute to the world of sports. For example, virtual tickets. Soccer teams such as  Paris Saint-Germain  or  Manchester City  have created fan tokens that allow them to decide aspects of the club, such as the music that will be played before the game. And in the future it is expected to use  NFTs in the form of season tickets  so that the most loyal fan has an incentive. In addition to watching matches, you will save a digital memory of them.
NFTs in video games
Released in 2018,  Axie Infinity  is an online video game that can be played on PC, Mac, iOS, and Android. One of its peculiarities is that it is based on blockchain technology and uses NFTs to play. As a result, in the summer of 2021 it was considered the most valued NFT collection. Developed by a Vietnamese company,  Sky Mavis , it uses Ethereum-based cryptocurrencies to run the game.
Another success story is  The Sandbox , an online gaming platform that resembles  Minecraft  and which, in practice, offers itself as a metaverse in which to play, own virtual land, create your own games, etc. Like other projects, it uses the  Ethereum network  for its operation and has its own cryptocurrency called  Sand .
More video games based on NFTs. Battle of Guardians , an arena-style multiplayer game and using the Unreal Engine game engine. Designed for PC, it can also be played on iOS and Android. Or  Gods Unchained . Another card game like  Axie Infinity  in which the playing cards are precisely NFTs.
Special mention for  CryptoKitties , the first game created on the Ethereum network, back in 2017. The characters are  cats with different outfits  and characteristics that, precisely, are NFT elements that can be sold and bought on the OpenSea platform.
And to finish, one of the games that combines metaverse and NFT with more projection. Its name is  Silks  and it is inspired by horse racing. We can get human avatars, horses and participate in virtual races that are determined by horse races in the real world. At the moment it is available in a trial period for those who ask for  early access . Like other games mentioned above,  Silks  joins the list of  play-to-earn  (P2E) NFT games, that is, they allow you to earn cryptocurrencies in exchange for playing.
The metaverse and NFTs
Some of the most interesting projects related to NFT developmenthttps://www.blockchainx.tech/non-fungible-token-development are also related to the metaverse. Virtual spaces in which you can interact in a way that is equivalent to the real world. A world of avatars that can acquire virtual space or land to build, create or do whatever they see fit.
There are several examples. We have previously mentioned  The Sandbox  as an online game based on the metaverse concept. Another of these rising projects is  Decentraland . The idea is to create a virtual world owned by its users, not third parties. In other words, you can visit the worlds and spaces already created or be a creator and create your own scenarios. The NFT and blockchain component is in the virtual items. In the  marketplace, you will find everything from avatar clothing, plots or land to build and create, registered names, etc.
Other games or platforms that recreate virtual worlds in the metaverse are  CryptoVodels  and  Somnium Space . Together with the previous two platforms or games, last year they generated more than 105.8 million US dollars in the sale of virtual space, equipment for avatars, etc.
A whole universe of opportunities
Beyond what we have seen, during 2022 there will be a multitude of proposals and projects related to NFTs and their involvement in the real world or in the digital world. On this first, projects that use the NFT as a claim for more traditional topics such as the love of coffee ( Crypto Barista ), exclusive foods ( Flyfish Club ), avatars to use in social networks ( Doodles, DeeKay, Women Rise ) are beginning to emerge. or signatures of athletes and other well-known figures ( Autograph.io ).
In short, the blockchain and especially cryptocurrencies and NFTs are going to play an important role both in the current Internet and in the metaverse, which  is expanding at full speed  with games and platforms beyond the domains of giants such as Microsoft or Meta ( formerly Facebook). It remains to be seen how far its dimensions will go this year.


9
Crypto Discussion / NFT wallets: protect your collectible assets
« on: July 18, 2022, 08:44:55 AM »


Every day we see news about NFT markets being hacked or people being scammed into buying fake NFTs, among a host of other scams that are unfortunately common in the world of cryptocurrencies. So… How to select a suitable wallet in which you can store your collection of animals, characters, works of art or any other NFT that you own? This is the topic we are going to cover today, so let's get started!
Wallet selection criteria for NFTs
The market is full of a wide variety of wallets to choose from. Also, all the blockchains promote their own wallets and say that they are the best, the most secure, etc. But… Are they really? How are these characteristics defined and measured? We are going to analyze some wallets through metrics that we consider to be common sense for everyone when choosing the best option (although someone once said that common sense is the least common of the senses) and we will see how each of them they fit these metrics.
This is the explanation of each criterion analyzed in the order of importance that we consider that people value the most:
Security
Obviously, this is one of the most important features. If the wallet is not secure, the other features are of no importance. To consider that a wallet is safe, it is important that it has these options:
Two-factor authentication (2FA).
A strong recovery phrase (preferably 24 words instead of 12).
State-of-the-art encryption methods to prevent hackers from accessing the wallet.
Proactive communication about possible risks or scams in the industry by the companies developing the wallets is also considered important by many users.
user experience
This second metric is also obvious. If it's complicated to use, either because it has a poorly designed interface or because users have to go through too many hoops to make a simple transaction, you can be sure that the wallet's user retention rate will drop quickly.
Support for multiple devices
The growing popularity of NFTs and their rapid adoption have made mobile apps the most common way to access NFT markets. Something especially true considering that not everyone has access to a computer. Security, in this case, should not be important exclusively in the wallet itself, it should also cover the phone where the wallet is used. The best security ensures that the contents of the wallet remain impenetrable even if the phone is hacked. We can only hope that if a phone is lost or stolen, that 2FA authentication is not configured on the same device that the wallet is used on.
For those users who own multiple devices, moving from one device to another seamlessly is an important point to consider.
Type of tokens and blockchain support
The wallets can support various blockchains, although it is important to note that most of the NFT markets are on the Ethereum and Binance blockchains. The most common token types are ERC721 and ERC1155, and their Binance counterparts BEP721 and BEP1155. Support for ERC20 tokens may also be required to pay gas fees or other types of transaction fees. You just need to make sure that the type of NFT you have purchased is compatible with your wallet. Wouldn't it be a shame to transfer precious NFTs to a wallet, only to find out later that you've joined that group of tokens doomed to wander in no man's land forever?
Customer Service
It's always good to talk to someone when you're in a pinch, either because you haven't received the NFTs you were hoping for or because they may suddenly be missing from your collection. The best customer service can be obtained by phone, preferably 24 hours a day. It is also important to have Discord and Reddit channels or email support. It might be good to check how quickly the support team responds by doing a search on social media before placing your NFTs in a wallet. You can also check, from conversations with other people, what are the most frequently asked questions and how you can avoid them, learning from the mistakes of others.
Integration with markets
In addition to major platforms like OpenSea , LooksRare, SolSea, and Binance NFT marketplace , other NFT marketplaces are also making their way into the industry. Cardano, Solana and Tezos are some of these emerging markets, all of them with their own native wallets.
Some exchanges are also entering the NFT market , such as Crypto.com and FTX. These exchanges have their own wallets to host NFTs, which are privately managed, in line with their sensibilities as mainstream businesses . As this article focuses on blockchain-based NFTs, we will talk about what these exchanges offer at another time.
commissions
Some wallets charge fees for making deposits or withdrawals of NFTs, so you should check them before making a transaction with them. These fees may be separate from gas fees charged by the network for making a transaction.
transaction limits
This can be an important aspect for those users who trade a lot with NFTs. Additionally, it also affects wait times while network commits are being performed . It would be ideal if there were no such transaction limits. You could make deposits and withdrawals as many times as you wanted or as much money as needed. For most of us, though, there's probably not much to worry about.
Anonymity
Most blockchains are public in nature, especially those with high adoption. Therefore, as long as the address of a wallet is known, almost anyone can take a look at someone else's collection. Some wallets allow a certain level of privacy, but it is not an easy thing to implement on a regular basis . However, we cannot say that it is a common feature in all wallets. As long as your personal data is not in public view, we will consider the wallet to pass the test in this category .
While fees, transaction limits, and anonymity are important, most are given the standard treatment. This means that the wallets support aspects found in the blockchain structure such as gas fees, minimum transaction limits, and a basic pseudonym. These criteria will not be analyzed unless there is a specific reason to do so.
Now that we have an idea of ​​the criteria we will be looking at when reviewing these wallets, let's look at some of the contenders. We will classify them by blockchain so you know which wallets to choose if you are interested in a particular market.
 
Wallets for Ethereum and Binance NFTs
It is well known that the Binance Smart Chain started out as a copy of the Ethereum network. You just have to compare BSCscan with Etherscan to be clear. This makes it easy for NFT collectors, as owning a wallet often unlocks access to the markets of both chains. We selected these wallets with this circumstance in mind.
meta mask
It is no exaggeration to say that Metamask is one of the most popular Web3 wallets in the world. It is often regarded as the best NFT wallet for both Ethereum and Binance. Furthermore, its user-friendly interface is perfect for both beginners and advanced users. This wallet is available as a browser extension and as a mobile phone app, and it is important to note that most of the actions you can perform with your NFTs developmenthttps://www.blockchainx.tech/non-fungible-token-development can only be done in the mobile app, as the browser extension has very limited capabilities. . In other words, if you decide to use Metamask to manage your NFTs, get the mobile version to enjoy everything the platform has to offer.
 
Metamask has over a million downloads and officially supports all ETH and ERC721 tokens, plus you can manually add other types of tokens. ERC1155 tokens are supported in both the mobile version and the browser extension for both receiving and storing NFTs, but not sending them.
The parent company, ConsenSys, is a recognized entity in the world of cryptocurrencies and has institutional backing. The app is developed as an open source project and has an active community of developers who work hard to find bugs and implement new features.
 
Security – The wallet comes with a standard 12-word recovery phrase and the browser extension can integrate with Ledger and Trezor wallets. Being popular has a price, in this case the wallet is a frequent target of hackers and cryptocurrency scammers. The community has frequently asked for the implementation of two-factor authentication for the wallet, but the team says that the wallet has good security even without 2FA as it is a non-custodial wallet and all of its information is stored on-chain . of blocks.
User experience : It has a friendly user interface for NFT users.
Multi-device support : Metamask intends to attract users of NFTs mainly through its mobile application, since NFTs cannot be seen in the browser extension yet, although we hope that this feature will be implemented soon. You can also buy, sell and trade NFTs.
Token support : ERC721, partial support for ERC-1155. Users can manually add other tokens to the wallet.
Customer support: Email and Twitter support
TrustWallet
Another wallet that has a good rating from users is Trust Wallet, not only as a wallet that supports normal cryptocurrency tokens, but also as a wallet that supports NFTs. Among its main features is the possibility of accessing OpenSea and other platforms related to NFTs from the wallet itself, as well as offering the possibility of acquiring cryptocurrencies through a credit card, which is perfect for newbies in the world of the cryptocurrencies.
A safe place for NFTs. Image via Trust Wallet
The wallet was acquired by Binance and has since integrated quite well with the Binance ecosystem, including the addition of a browser to check DeFi companies linked to Binance. In addition, it has more than 25 million users, an impressive number.
Security : Biometric data is used to protect your wallet.
User Experience – It is very easy for beginners and for viewing NFTs.
Multi-device support : only as a mobile application.
Token support : ERC721, BEP721, ERC1155 and BEP1155 on Ethereum and Binance chains.
Customer support : Tickets through the website to obtain support.
Enjin Purse
Although the Enjin wallet only supports Ethereum NFTs, we are including it in this article because it is also a wallet for gamers, and we all know how important NFTs are in gaming. Another cool feature is the marketplace that Enjin offers , which can be accessed from the wallet via a link provided within it. The wallet also has an NFT multi-sending feature, which could perhaps help users save on gas fees.
A wallet for players and collectors of NFTs. Image via Crypto Gaming Pool
Security – Fingerprint scanning for wallet protection.
User Experience – Ease of navigation within the wallet, perfect for beginners.
Multi-device support : only as a mobile application.
Token Support – ERC721 and ERC1155 only on Ethereum.
Customer Support : Submit tickets from the wallet for support within 12 hours, excluding weekends.
You can see our review of Enjin here.
Solana NFT Wallets
Solana , which is positioned as one of Ethereum's rivals, also has its own NFT marketplace, SolSea (inspired by OpenSea, which is actually a company, not a blockchain project). The Solana blockchain is experiencing strong growth which could have a knock-on effect for the other products Solana offers in its ecosystem, including SolSea. If they manage to make a sale of an NFT worthy of inclusion in the Sotheby's or Christie's catalog, things could get interesting for this project. In the meantime, collect some NFTs and wait.
Phantom Wallet
Designed as a native non-custodial wallet for the Solana ecosystem, the Phantom wallet aims to be the ONLY wallet users should use for all things Solana. This necessarily includes having support for trading NFTs on SolSea. In addition to having the usual features, this wallet is positioning itself as an easy-to-use wallet perfect for NFT enthusiasts. Low gas fees at Solana also contribute to its success. However, this blockchain has seen some glitches recently due to its (still) centralized nature. While this doesn't significantly affect users in general, it might be a shame if such an error occurs while you're making a transaction.
The best place to store SOL NFTs. Image via Phantom Wallet
Security – Use of biometric data and integration with Ledger for more security.
User experience : ease of navigation within the wallet, ideal for beginners.
Multi-Device Support – Available as a browser extension and as a mobile app for iOS users. Android users will have to wait if they didn't get the beta invite.
Token support : only with SOL NFTs.
Customer support : submitting tickets through the website to obtain support.
Cardano NFT Wallets
Of all the major blockchains, Cardano is certainly the latest to enter the NFT space. We are not surprised because this peer-reviewed blockchain has always been the slowest in developing products. That said, there has always been a steady stream of projects being built on this blockchain, and those related to the development of NFTshttps://www.blockchainx.tech/non-fungible-token-development were not far behind. Apart from works of art and avatar-type NFTs, the sale of land in Pavia is also one of the elements that drive up prices in its market. As Cardano slowly catches up to the cryptocurrency hares Will booster rockets be needed for this lazy turtle to catch up with the rest of the projects, or is he practically hot on their heels ?
Nami Purse
The Nami wallet is a non-custodial wallet native to Cardano, as is Phantom to Solana. It is a hub for all Cardano dApps . The usual thing that can be done with this wallet is the storage and sending of tokens and NFTs, which are enhanced by the possibility of grouping several tokens or NFTs in a single transaction. However, we are not sure that it is possible to mix several types of assets in a single transaction. You can also mint the NFTs inside the wallet, which is a detail to keep in mind.
This is one of the newest wallets in the industry and is still somewhat of a construction site as new features are still being added to it. Furthermore, it only exists as a browser extension and only supports Cardano NFTs. Despite this, it is also integrated with Ledger, which is a plus. As for customer service, there is only one channel: Twitter. Sometimes a simple, uncomplicated wallet that lets you do what you need to do is all you need.
 
Tezos NFT Wallets
Compared to heavyweights like Ethereum and Binance, Tezos has gradually become an alternative for NFT artists. If Ethereum and Binance are Broadway, Tezos is the off-Broadway version. Some of the Tezos artwork is quite interesting and many NFT artists have posted some of their more experimental pieces on the Tezos network. Of course, it helps this wallet a lot that the gas fees are so cheap.
Kukai Purse
If you're interested in owning some of the Tezos blockchain artwork (hopefully before the artists become famous), check out the Kukai wallet. It is probably the most widely used wallet for handling Tezos NFTs, many of whom bought an NFT on Hic et Nun (HEN), one of the fastest growing markets in the NFT sector. What makes the Tezos artworks interesting is that some of them are also animated. These animated NFTs are compatible with Kukai.
 
Security – You can create a wallet by connecting your Google/Reddit/Twitter/Facebook account or you can create a wallet with a 24 word seed phrase which is good as most wallets only have a 12 word seed phrase words.
User Experience – Simple user interface with collections you can access if you are new to this industry.
Multi-device support - Only available as a browser extension.
Token Support – Tezos NFTs only.
Customer support : Twitter and a Telegram channel.
conclusion
As you can see, the type of wallet you want to access to store your NFTs largely depends on the market you want to use. The market determines the type of wallets you can consider using. Taking into account everything we have mentioned in this article, you can see that you have several options and by applying the above criteria you can determine which wallet may be perfect for you.
Keep in mind that there has been an increase in scams and hacks within the NFT markets, so keep your precious NFTs safe and protect them with your life (if necessary!)


10
Crypto Discussion / Are NFTs the future of photography?
« on: July 12, 2022, 07:59:52 AM »

Without a doubt, NFTs are the future of photography . The creators of these images have never had so many opportunities to do business with them. Nor had buyers been completely sure that what they were buying really came from its author, especially if it was a digital product. Do you want to know how the development of NFTshttps://www.blockchainx.tech/non-fungible-token-development has improved the photography sector?

3 reasons why NFTs are the future of photography

More and more people are learning about the benefits of blockchain and non-fungible tokens (NFTs), which are part of this environment. Not only do individuals resort to this chain of blocks, but there are also companies that find it a safer environment in which to carry out their procedures. How does it benefit photographers? We tell you 3 reasons why NFTs are the future of photography.

Security
Until recently, when a photographer took a digital photograph and sold it, he had to upload a file to a platform that handled its sale. It was relatively easy for the buyer to obtain it and then make copies. In a short time, that article that was unique in its day ceased to be. When a photograph becomes NFT, it is as if it acquires a seal of authenticity. No copy could be passed for true after being uploaded to the blockchain.
 
A new way of income
NFTs are a new revenue stream for professional photographers. Some are lucky enough to exhibit their photographs in an art gallery and sell their work directly. Others, however, upload their photos to platforms that take a substantial portion of the sale or distribute the same photo over and over again at a very low price. With NFT developmenthttps://www.blockchainx.tech/non-fungible-token-development artists can directly sell their work and get a fair price for their talent. You have to remember that they have invested a lot of time in learning, capturing the moments and buying the equipment they use.
Promotion possibilities
Art galleries and exhibitions exist in the metaverse. Any of the avatars can see the works and purchase them directly. Taking into account that more and more people are part of some metaverse and that there are projects to expand or improve them, it can be said that this is a new way to show works to digital art collectors.
 
Why are collectors interested in NFTs?
Proving the authenticity of an NFT is very easy thanks to the blockchain. Once the photo file has been uploaded or minted on the blockchain it is no longer lost. Each movement is recorded and cannot be modified. Unlike photos you buy on photo paper or from an internet archive, these won't get damaged or stolen.
Another advantage that buyers find is that the exclusivity of NFTs makes the value increase over time. They not only acquire an image, but also an asset that can be sold at a much higher price over time. In other words, it is also an investment.
 

11

Storing data in large, centralized data centers comes with performance, availability, and scalability issues, as well as high capital or operating expenses. Additionally, centralised data invites sophisticated attackers. Because of these factors, businesses are trying to decentralise data storage. Blockchain storage is one way to do it.
The development of Blockchainhttps://www.blockchainx.tech/ storage is still a relatively young technology, but its popularity is growing. Potential business use cases have begun to emerge in an effort to increase the security and reliability of data storage. Understanding how this technology works is a critical first step in determining if it's the right approach for your organization.
How blockchain storage works
For recording transactions between two or more parties blockchain is used which is a distributed ledger technology. Until recently, the technology had been used primarily to support cryptocurrencies, such as bitcoin, but it is now gaining traction in other areas.
The blockchain ledger serves as a decentralized database that maintains the details of each transaction. Transactions are added to the ledger in chronological order and are stored as a series of blocks. Each block references the previous block to form an interconnected chain.
Each node keeps a complete copy of the distributed ledger, which is spread among a number of nodes. Blockchain automatically synchronizes and validates transactions across all nodes. The ledger is transparent and verifiable by all participating members, eliminating the need for a central authority or third-party verification service.
Due to its distributed nature, the development of blockchainhttps://www.blockchainx.tech/ is being touted as a natural fit for peer-to-peer (P2P) decentralized storage. In this scenario, blockchain provides the necessary structure to create a logical storage pool of geographically dispersed storage resources that serve as blockchain nodes.
A blockchain-based storage system prepares data for storage and then distributes it through a decentralized infrastructure, a process that can be broken down into the following six steps:
Create data snippets. The storage system breaks the data into smaller segments, a process called chunking . Sharding involves dividing data into manageable chunks that can be distributed across multiple nodes. The exact approach to fragmentation depends on the type of data and the application performing the fragmentation. Fragmentation of a relational database is different from fragmentation of a NoSQL database or fragmentation of files on a file share.
Encrypt each fragment. The storage system then encrypts each piece of data on the local system. The process is entirely under the owner's control. The goal is to ensure that no one other than the content owner can see or access the data in a chunk, wherever the data is located, and whether The process is entirely under the owner's control.
Generate a hash for each chunk. The blockchain storage system generates a unique hash, an encrypted output string of a fixed length, based on the shard's data or encryption keys. The hash is added to the ledger and shard metadata to link the transactions to the stored shards. The exact approach to generating hashes varies from system to system.
Replicate each fragment. The storage system replicates each shard so that there are enough redundant copies to ensure availability and performance, and protect against data loss and degradation. The content owner chooses how many copies to make of each snippet and where those snippets are located. As part of this process, the content owner must set a threshold to maintain the minimum number of copies as a guarantee against data loss.
Distribute the replicated fragments. A P2P network distributes replicated chunks to geographically dispersed storage nodes, either regionally or globally. Storage nodes are owned by multiple organizations or individuals, sometimes known as farmers , who rent additional storage space in exchange for some form of compensation, usually cryptocurrency. No one entity owns all of the storage resources or controls the storage infrastructure. Only content owners have full access to all of their data, no matter where those nodes are located.
Record the transactions in the ledger . The storage system records all transactions in the blockchain ledger and synchronizes that information across all nodes. The ledger stores details relevant to the transaction, such as shard location, shard hash, and lease costs. Because the ledger is based on blockchain technology, it is transparent, verifiable, traceable, and tamper-proof .
Although step six appears last, blockchain integration is an ongoing process, with the exact approach depending on the storage system. For example, you could initially record the transaction in the blockchain ledger when the storage process begins. It would then update the transaction with information such as the unique hash or node-specific details as they become available. Then, once the participating nodes have verified the transaction, the system marks the transaction as final within the ledger, and locks it to prevent changes.
The six steps outlined here are intended to conceptualize the blockchain storage process. The precise strategy will rely on how a given use case's implementation of a particular storage system and management of that data storage are handled.


12

During the last few months we have seen how the news and emerging technological trends have focused on a term unknown to many until recently, such as the metaverse . It is no longer something more typical of science fiction and is becoming a (virtual) and physical reality for many companies that have joined the race to launch their own metaverse proposals so as not to be left behind in their proposal for business. The industries cover a wide variety, including design, architecture, fashion, entertainment, and retail.
And this trend is joined by two others that are also giving a lot to talk about, and that will resonate even more during 2022: NFT and blockchain technology . Sure they are familiar to you, but you may not be clear about what they consist of or why they are important to you or your business. Next, we clarify all these concepts, the relationship they have with each other and the reasons why you should not lose sight of any of them.
Metaverse and NFT
The options provided by the metaverse are so diverse that they include anything from going to virtual concerts, taking virtual vacations, buying, transacting, watching movies, trying on clothes, altering how we work, developing new kinds of branding, etc.
This digital universe will expand our borders to a much more interactive and massively promoted alternative reality. And one of the main features of the metaverse is that it contains a full-fledged economy and encompasses the physical and virtual worlds, so it will be in a decentralized way .
From here arises the main connection between the metaverse and NFTs, since the relationship of both is related to digital assets and how they are given value. The metaverse allows creators to showcase digital forms of art and property, and the development of NFTshttps://www.blockchainx.tech/non-fungible-token-development will be in charge of putting a price on that content with proof of ownership.
NFT Blockchain
Despite not being a form of currency in and of itself, it is important to note that NFT developmenthttps://www.blockchainx.tech/non-fungible-token-development uses the same blockchain technology as cryptocurrencies when discussing it as a medium of exchange in the metaverse.
What we know as coins, are pieces of art, video game content, music or any material that can be attached to this specific token. Due to the need to monetize their work, a large number of artists and content producers have adopted this new trend.
The relationship with the blockchain goes through a fundamental pillar such as the fact that this technology guarantees that these assets are auditable , that is, the buyers of a single asset could track it. In summary, the blockchain is in charge of introducing the features of interoperability and lack.
In fact, the relevance of NFTs lies in the fact that their origin can be guaranteed by entering a code in the programming. This means that, if the work is sold to another buyer, the creator of the work will receive a percentage as compensation for each transaction.
Therefore, the emergence of numerous NFT markets is making it a phenomenon in many industries.
Why are NFTs the key to accessing the metaverse?
There are many questions that we can ask ourselves when we talk about the union of NFTs with the metaverse: Will NFTs help to access the metaverse? What role does the blockchain play within these virtual universes?
As we have said above, NFTs or non-fungible tokens are a new type of digital assets . Which are unique, indivisible and immutable. The limitless trading opportunities offered by the metaverse make its union with NFTs the logical succession.
NFTs can help gain exclusive access to enter a certain location in the metaverse, as well as virtual property deeds. They are actually crucial in converting traditional social networks that facilitate user contact, commerce, and socialization in order to alter the metaverse's essential design.
Some examples are:
Fair and transparent economy: The union of both allows individual users and companies to easily represent their real-world assets and solutions in a decentralized digital environment. The metaverse could be opened up to more real-world assets through new models that would be powered by NFTs. And the blockchain would be in charge of offering transparency and immutability, since the metaverse would be sustained by this fair and open economy where no possibility of artificial value inflation would be found.
New Identity Experiences : In the process of creating metaverses, users could show support for a specific project by owning NFT assets. The result would be that like-minded owners of these NFTs could form communities to share experiences and collaborate on content creation.
Buying Property : Metaverses give users the opportunity to gain full ownership of virtual spaces in the metaverse through NFTs. Some examples are the sale of virtual land for profit or renting land for passive income in conjunction with the development of structures, stores or events.
Marketing tool : Another functionality would be when launching brand products or special privileges for followers. NFTs would be tasked with introducing interoperability outside of the metaverse with an infrastructure that supports location-based engagement and augmented reality features.
Access control : The association of true identities with digital avatars presents opportunities to define access to the metaverse with NFTs. For example, tickets to an event may be NFT-based and will limit access to the most exclusive guests.
The possibilities are endless and there are still many more to discover.
The union of NFT, metaverse and blockchain represents a turning point and has a potential that will transform the future. The combination of the digital world, real and virtual assets and the new meaning they give to the economy and social experiences will be the key to the future of our interactions.
 


13

During the last few months we have seen how the news and emerging technological trends have focused on a term unknown to many until recently, such as the metaverse . It is no longer something more typical of science fiction and is becoming a (virtual) and physical reality for many companies that have joined the race to launch their own metaverse proposals so as not to be left behind in their proposal for business. The industries cover a wide variety, including design, architecture, fashion, entertainment, and retail.
And this trend is joined by two others that are also giving a lot to talk about, and that will resonate even more during 2022: NFT and blockchain technology . Sure they are familiar to you, but you may not be clear about what they consist of or why they are important to you or your business. Next, we clarify all these concepts, the relationship they have with each other and the reasons why you should not lose sight of any of them.
Metaverse and NFT
The options provided by the metaverse are so diverse that they include anything from going to virtual concerts, taking virtual vacations, buying, transacting, watching movies, trying on clothes, altering how we work, developing new kinds of branding, etc.
This digital universe will expand our borders to a much more interactive and massively promoted alternative reality. And one of the main features of the metaverse is that it contains a full-fledged economy and encompasses the physical and virtual worlds, so it will be in a decentralized way .
From here arises the main connection between the metaverse and NFTs, since the relationship of both is related to digital assets and how they are given value. The metaverse allows creators to showcase digital forms of art and property, and the development of NFTshttps://www.blockchainx.tech/non-fungible-token-development will be in charge of putting a price on that content with proof of ownership.
NFT Blockchain
Despite not being a form of currency in and of itself, it is important to note that NFT developmenthttps://www.blockchainx.tech/non-fungible-token-development uses the same blockchain technology as cryptocurrencies when discussing it as a medium of exchange in the metaverse.
What we know as coins, are pieces of art, video game content, music or any material that can be attached to this specific token. Due to the need to monetize their work, a large number of artists and content producers have adopted this new trend.
The relationship with the blockchain goes through a fundamental pillar such as the fact that this technology guarantees that these assets are auditable , that is, the buyers of a single asset could track it. In summary, the blockchain is in charge of introducing the features of interoperability and lack.
In fact, the relevance of NFTs lies in the fact that their origin can be guaranteed by entering a code in the programming. This means that, if the work is sold to another buyer, the creator of the work will receive a percentage as compensation for each transaction.
Therefore, the emergence of numerous NFT markets is making it a phenomenon in many industries.
Why are NFTs the key to accessing the metaverse?
There are many questions that we can ask ourselves when we talk about the union of NFTs with the metaverse: Will NFTs help to access the metaverse? What role does the blockchain play within these virtual universes?
As we have said above, NFTs or non-fungible tokens are a new type of digital assets . Which are unique, indivisible and immutable. The limitless trading opportunities offered by the metaverse make its union with NFTs the logical succession.
NFTs can help gain exclusive access to enter a certain location in the metaverse, as well as virtual property deeds. They are actually crucial in converting traditional social networks that facilitate user contact, commerce, and socialization in order to alter the metaverse's essential design.
Some examples are:
Fair and transparent economy: The union of both allows individual users and companies to easily represent their real-world assets and solutions in a decentralized digital environment. The metaverse could be opened up to more real-world assets through new models that would be powered by NFTs. And the blockchain would be in charge of offering transparency and immutability, since the metaverse would be sustained by this fair and open economy where no possibility of artificial value inflation would be found.
New Identity Experiences : In the process of creating metaverses, users could show support for a specific project by owning NFT assets. The result would be that like-minded owners of these NFTs could form communities to share experiences and collaborate on content creation.
Buying Property : Metaverses give users the opportunity to gain full ownership of virtual spaces in the metaverse through NFTs. Some examples are the sale of virtual land for profit or renting land for passive income in conjunction with the development of structures, stores or events.
Marketing tool : Another functionality would be when launching brand products or special privileges for followers. NFTs would be tasked with introducing interoperability outside of the metaverse with an infrastructure that supports location-based engagement and augmented reality features.
Access control : The association of true identities with digital avatars presents opportunities to define access to the metaverse with NFTs. For example, tickets to an event may be NFT-based and will limit access to the most exclusive guests.
The possibilities are endless and there are still many more to discover.
The union of NFT, metaverse and blockchain represents a turning point and has a potential that will transform the future. The combination of the digital world, real and virtual assets and the new meaning they give to the economy and social experiences will be the key to the future of our interactions.
 


14
Crypto Discussion / What are NFTs?
« on: July 02, 2022, 08:02:43 AM »

NFT corresponds to the acronym “non fungible token”, which we can translate as “non fungible token” or “non fungible asset”, or, what is the same, the meaning of NFT meansthat because it is a unique asset, it cannot be altered or replaced with a similar item of equal value because there wouldn't be a comparable asset. And these assets are also digital, that is, they have no correlation in the physical world (although sometimes they may).

To understand it better, an NFT would be like a unique work of art, for example, Michelangelo's David, there is only one and it is in the Accademia Gallery in Florence; if anyone desired to possess that specific David, they should obtain a duplicate of it or purchase it (assuming it were available for purchase), in which case we would no longer betalking about the original, which is what gives value to the sculpture.
The same happens with the development of NFTs[/url]https://www.blockchainx.tech/non-fungible-token-development[/url] it is a unique digital asset, which although it can be copied, whoever owns the NFT owns the original, functioning as a kind of certificate of authenticity and having the rights that its acquisition entails.

How do NFTs work?
In order to better understand what an NFT is, we need to look at how they work and what makes them possible.

Any digital content can be tokenized, or given a set of metadata that ensures its authenticity, identifies its author, etc., thanks to blockchain technology and smart contracts. its starting and acquisition value and all transactions that it has lived since its creation (since who has created it, who has tokenized it and who, where and for how much it has been sold).
As we said, when tokenizing digital content (it can be a JPEG file, a meme, an ebook or even a tweet), a digital certificate of ownership and authenticity is created, which indicates that this content is unique and that the property rights are has the person who has acquired it (it is important not to confuse it with copyright, which will remain in the possession of the author of the work).

In this sense, the development of NFThttps://www.blockchainx.tech/non-fungible-token-development smart contracts can serve different purposes, for example, to ensure for the original artist a part of the benefits that may be produced by a future sale of the token.

These digital assets are bought and sold on NFT markets, where their creators or sellers (not always the same) put them up for sale at fixed prices or through auctions.

Main characteristics of NFTs

NFTs' primary distinguishing feature is that they are digital assets rather than physical objects that can be kept in our homes. Instead, they are bits of digital content that will be kept on a server.

Although what has made them fashionable is that they are unique digital content, works or objects, there are also non-unique NFTs, as in the case of digital card games or collectibles based on this technology, such as Top Shot from the NBA or Worlds Apart from Doctor Who, where there are different ranges of value for each NFT based on its rarity and exclusivity (for example, there may only be one NFT of a specific card and therefore its value is higher and may even increase with time).
NFTs are based, as we said, on blockchain technology, which allows their traceability and means that they cannot be (in theory) falsified or hacked, since the block chain is decentralized and maintained by hundreds of computers (users) throughout the world. world. hat same technology is what allows its creation, purchase and sale.

They are based on two standards, the original ERC-721 of Ethereum, where NFTs began to move, and the more current ERC-1155 (also within Ethereum), which allows working with several tokens compared to the original, which necessitates a smart contract for every token, multiple tokens can be used at once through a single smart contract.
Why are they trending in 2021?
Although now is when we are hearing about them the most, NFTs have been around since 2017, when the first NFT, CryptoPunks (by Larva Labs), was launched, followed a little later by CryptoKitties, which went on to go viral and raise over 12 million dollars.

However, they have regained popularity in 2021 because in March of this year, Christie's gallery auctioned the digital work Everydays – The First 5000 Days, by the artist Beeple, for 69 million dollars. Or because the first tweet in history sold for $2.5 million.
NFTs are now a hot topic of conversation, with people debating their utility, the rumours swirling about them, and the effects they have on the environment. (a lot of energy resources are needed for their creation and their transaction) and to what extent they are a legitimate way for artists to sell their digital works and have control over the price they charge.

Just as it happened with Bitcoin at the time, it is happening now with NFTs, they are the hot topic, they are not without controversy and in the world of NFT art or art based on NFT art or art based on NFTs is getting a lot of attention.

They are also a trend because their usefulness is beginning to be discussed beyond collecting, art and economic speculation around them; Can they be a way to certify the origin of physical products? Can they be applied to passports or other identity documents to manage identities from anywhere in the world?
Are we facing a new bubble?
However, since what has made them trend has been the millionaire sales of NFTs, there are not a few who think that we are facing a new bubble, where there are people acquiring NFTs with the idea of selling them at a higher price in the future, based on on that unique and original feature of the NFT.

But the reality is that we are still facing a relatively small and very young market, where there are not many players, which is not regulated and in which there is a lot of uncertainty, starting with the fact that as it is digital and intangible content, what remains stored on a server, if it disappears, what happens to the NFTs contained there and the money invested in them?
What value do they have?
The value of the NFT is marked by its creator or the person who has tokenized digital content and put it up for sale.

We cannot say that there is a fixed value to sell NFTs and, as we have already said, speculation seems to be hovering over them at the moment.
In collectibles such as the NBA or Doctor Who that we mentioned before, they have fixed prices based on the rarity of each game clip or each card and the number of equal "copies" that exist. But once purchased, the person who owns them can put them up for sale himself for a higher value; for example, if he has acquired a very rare or unique card, he could sell it (or at least try to) for a much higher price than he bought it for. The NFT is yours (remember that it gives property rights) and therefore you can do with it what you want, including selling it.

So we can find NFTs for cheap prices and others for much higher prices. We can use pages like Coinranking or Binance and their sections on NFT to find out the value of these tokens.

Where are NFTs “stored”?
We have been mentioning it already; NFTs are "stored" on the NFT market server where they were purchased. The NFT is, in the end, a file hosted on the marketplace servers.


15
Crypto Discussion / Nfts And The Introduction Of Digital Scarcity
« on: June 29, 2022, 06:29:08 AM »

An NFT is a unique token that represents a digital file. That is, it has a unique identifier that is immutably registered on a blockchain. Among the metadata necessary to guarantee its authenticity are the author, the characteristics, the address of the contract (to identify the authenticity of the piece) and the royalties (or benefit that the author acquires each time it is marketed).
Nfts And The Introduction Of Digital Scarcity
The simple fact that a good or asset becomes unique by having a unique token has important impacts . These are the most important:
Traceability. Non-fungible tokens can change owners but their full history is always accessible and is recorded in the original, immutable record of a blockchain.
Anyone can issue them, own them, or buy and sell them, without needing to create an entire market, as is the case with cryptocurrencies. This makes them more agile instruments.
Other uses beyond the work of art. They can be borrowed and lent, collateral for fractional ownership (for example, or used as collateral for a loan.
New spaces for art. They can be displayed in online collections as a  SuperRare profile  , as well as in virtual worlds.
Creators' ability to earn significant revenue from their creations. The development of NFTshttps://www.blockchainx.tech/non-fungible-token-development enable true digital ownership, opening the door to myriad new business models.
Monetize and culture. Rex Woodbury explains how we are moving from an advertising - based model to a commerce - based one . In the current web2, the contents are infinitely commodified on the platforms without the author obtaining income beyond a percentage of the advertising displayed. By tokenizing creative work, it can be sold to people who truly appreciate it and are willing to pay a higher price ( passion economy ).
A culture of ownership is created . Jesse Walden , owner of venture capitalist Variant, coined this concept to explain that non-fungible tokens “have the potential to upend the media ownership model , offering creators, their audiences, and the developers who build for them, a viable alternative to platform-driven monetization.”
It gives rise to a digital renaissance . Rex Woodbury , one of the best analysts on web3, explained in a long article how the monetization of individuals “will facilitate a long-awaited reshaping of how art is made and shared”.
1.2. STANDARDS
Let's go to the technical part to understand how the new token economy works. To do this, think of a cake with several layers:
Layer 0. In the background, this is where the blockchain technology runs . Provides the networking capabilities needed to build peer-to-peer networks. If we talk about digital money like Bitcoin, everything happens in this layer.
Layer 1. This layer provides the functionality of distribution and interaction. The great contribution of Ethereum was to turn a cryptocurrency into a platform on which developers can create anything, from applications to entire organizations, as is the case with DAOs . This happens in this layer, which we could say is the layer of the protocol and smart contracts.
Layer 2. According to W3f , "an enhancement layer for the lower layers of the Web 3 technology stack. Included in this component are metaprotocols, or Layer 2 protocols, that provide enhanced features such as scaling, computation, and encrypted messaging." It's where builders create Lego blocks of protocols and smart contracts that can be arranged in myriad combinations and formations to make anything from mint art to trading cryptocurrency directly, without the need for a third party. I will give you 3 examples:
Zora  is an NFT protocol that allows any creator to mint, own, and sell their work.
The  Uniswap protocol  is a decentralized exchange that allows “developers, liquidity providers, and traders to participate in a financial market that is open and accessible to all.”
Mirror's decentralized publishing platform   "revolutionizes the way we express, share and monetize our thoughts."
Layer 3. It is the layer of code libraries and human-readable languages ​​that facilitate development.
Layer 4. This is the top layer of the Web technology stack 3. This is the layer where the user most easily interacts with Web technology 3. These are the wallets and dAPPS that users have that become their door entrance to the world web3.
How does it affect non-fungible tokens? To facilitate the issuance of non-fungible tokens, several frameworks have been created:
ERC-20: ERC-20 tokens are blockchain-based assets that have value and can be sent and received. The main difference is that instead of running on their own blockchain, ERC-20 tokens are issued on the Ethereum network.
ERC-721: The ERC-721 is another non-fungible token standard created for the Ethereum network under the standards of its smart contracts. Unlike the ERC 20 tokens, its appeal lies in how its peculiarity enhances its collectability. It was developed by CryptoKitties.
ERC-1155: The ERC-1155 is promoted by the  Enjin team  and brings the idea of ​​semi-fungibility to the development of NFThttps://www.blockchainx.tech/non-fungible-token-development world.
Non-fungible tokens can be used by decentralized applications (DApps) to enable the creation and ownership of unique digital items, collectibles, and tokenized versions of real-world or digital assets. These can be traded on open marketplaces that connect buyers with sellers, such as OpenSea, Rarible, SuperRare, or Foundation.
1.3. MAIN USES
Non-fungible tokens can be used in any area where application is unique and provable ownership is needed. The most common are:
Collectible goods. They are projects in which the objective is to collect game assets, such as the famous Cryptokitties, which consists of obtaining cats with atypical physical traits to resell them later. The NBA also markets them as "digital trading cards" for collectors.
Games. They provide ownership records for in-game items, bring some sort of benefit to players, or fuel the game's economy. Unlike other games where items can be bought, if it is a non-fungible token it can be sold at the end of the game, even at a profit.
Art. By linking a work to a blockchain, artists make their works unique. As in the past with "analog" art, its value varies depending on the artist's reputation, its rarity or its appreciation by the public. Non-fungible tokens can be applied to different formats: Gifs, videos or music.
2. HISTORY OF NON-FUNGIBLE TOKENS
Those cute kitties. The first time certifiable and authenticated digital ownership was possible was in 2017, when CryptoKitties was launched as a game based on the Ethereum blockchain that allows you to buy, sell and breed digital cats. Their price rose because they use non-fungible tokens (NFTs), which allow you to prove your ownership. Come on, it's yours and no one else's.
The paradigm shift. Non-fungible tokens allow for a chip change in both digital artist and collectors:
The customer can buy a digital work of art and know that he owns the real work.
The artist can sell and track their piece using blockchain technology.
New digital markets. The first markets appear to connect digital artists with buyers:   SuperRare  ,  Foundation  or  Nifty Gateway .
The boom of the year 2021. If 2020 saw just under 100 million in NFT valuation, while 2021  jumped  to 23 billion.
The future . The Activ ate – WSJ 2022 Technology and Media Outlook report forecasts that “As consumer time shifts to digital experiences and interest in the metaverse grows, every technology and media company will need an NFT strategy. ”. This is why big brands and tech companies are entering the space and will expand their NFT strategies.

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