What is a token?
A token is a word that is often used to describe cryptocurrencies. But while cryptocurrencies represent a medium of exchange, tokens represent assets. Tokens can be Traded Staked Held for value But, unlike cryptocurrencies, tokens are built on top of an existing blockchain using a certain token standard, like ERC-20 or ERC-721. One of […]
What is cryptocurrency?
In simple terms, a cryptocurrency is a digital form of money, a digital asset representing a store of value. It is a decentralized currency built on blockchain. A cryptocurrency is: Decentralized Encrypted Recorded and verified on a blockchain Not controlled by any government or other authority The first-ever (and the biggest one by market capitalization) […]
What is a blockchain?
The word “blockchain” seems to be everywhere these days. Everyone, from the biggest corporations like IBM to small startups, is jumping on the blockchain bandwagon, trying to leverage the best of it for their products and clients. And even though the technology might look confusing from the outside, it really isn’t, and here’s our guide […]
Is Investing in NFTs the Right Choice for You?
In short, there’s no way to truly know just yet. However, if you are an entrepreneur, artist, creator, or gamer it makes sense to be extremely curious. There is definitely not enough evidence just yet to support whether or not NFTs are a profitable long-term investment and each individual has a unique financial situation, nevertheless, […]
What is Bitcoin Pizza Day?
Every year, on May 22, the crypto industry celebrates Bitcoin Pizza Day. Although it is not about pizza with Bitcoin, it is about Bitcoin and about pizza. Here’s what happened. In 2010, a user named “laszlo” started a thread called “Pizza for bitcoins?” on bitcointalk.org. They offered to “pay 10,000 bitcoins for a couple of […]
Web3 news: May 20: Biggest NFT conference, DAO for women and LGBTQ community, NFTs for vaccinated teens
DAO raises $4.5 million to challenge male dominance, support women, LGBTQ UnicornDAO, formed by Nadya Tolokonnikova, a founder of a Russian feminist activist band, John Caldwell and Rebecca Lamis, in March 2022, has raised $4.5 million and bought $1.4 million worth of art to support artists that come from minority groups, including women and members […]
Web3 news, May 19: Mainstream music NFTs, “Clean the ocean” campaign in metaverse, $300,000 NFTs theft
Universal Music wants to make music NFTs mainstream Universal Music Group (UMG) wants to make music NFTs an everyday interaction between artists and their fans. The record label has partnered with LimeWire marketplace to “explore unique ways to engage with fans through digital music collectibles and Web3, and generate new revenue streams,” according to the […]
Web3 news, May 18: Twitter decentralized rival, a16z $600 million gaming fund, Twitch exec’s Web3 platform
Aave launches a decentralized Twitter ‘killer’ protocol Aave, a DeFi protocol, has released a decentralized social graph called Lens Protocol to provide users with a new version of social media. The protocol describes itself as “Web3 native <…> with features to serve the Web3 community.” Built on Polygon, Lens Protocol allows users to own their […]
Web3 news, May 13: Market rebound, Emirates metaverse plans, Ukraine’s NFTs
After the crazy week crypto markets have had (and Elon Musk’s sudden U-turn on Twitter acquisition), it’s good to read something, well, not so bad. And we definitely have something good to report. Emirates airline explores NFTs, metaverse, crypto payments Emirates airline is planning to enter the digital assets industry as it’s looking to transform […]
Azuki founder apologizes after disastrous Twitter Space, promises to fix mistakes
Zagabond, a Twitter account behind the Azuki NFT project, took to Twitter to apologize after an infamous Twitter Space session and unexpected revelations the day before. On May 10, The Azuki founder revealed they were behind three alleged scam NFT projects –– CryptoPhunks, Tendies and CryptoZunks. Following the statement, Zagabond took part in a Twitter […]