Author: Ola Jegede

NFTs are non-fungible tokens. They are unique items that you can’t replace with something else. For example, a one-of-a-kind trading card is an NFT. If you trade your card for some other card, you have something different. Non-fungible tokens (NFTs) give you ownership of artwork, music, videos and other online collectibles. They exist on blockchains, the innovative technology that underlies cryptocurrencies like Bitcoin. The popularity of NFTs has skyrocketed in recent years, with the market reaching a $40 billion valuation in 2021 and holding strong in 2022. What Is a NFT Marketplace? An NFT marketplace is a digital platform for…

Read More

NFT platforms facilitate the creation, buying, and marketing of non-fungible tokens (NFTs). NFT platforms change artists’ associated creators to mint NFTs and sell them on an NFT marketplace or NFT front to consumers UN agencies need to possess a non-fungible token on the blockchain. In the latest update, Meta’s social media platform Facebook began testing a digital collectibles tab with choose creators within the U.S. Through the tab, creators will show their non-fungible-tokens (NFTs) on their timelines. Meta has been wading into NFTs, or non-fungible tokens for quite a while. This was evident once the corporation started testing the technology…

Read More

One of the biggest worries for crypto investors and people interested in trading cryptocurrencies is being victims of the many scams taking place in the crypto space. Although the crypto industry has grown fast in terms of the user base, scams of different magnitude continue to hit the market too. According to reports, Crypto money laundering grew from $6.6 billion to $8.6 billion between 2020 and 2021, with the biggest source of illicit funding coming from scams aimed at collecting crypto from unsuspecting users. To curb these excessive scams, A number of major crypto firms have joined forces and launched…

Read More

The term Web3, also written out as web 3.0, was in 2014 conceived originally by the co-founder of Ethereum, Gavin Wood in a post on his blog titled “Insights into a Modern World”. Simply put, Web3 is an idea for a new iteration of the World Wide Web based on blockchain technology, which incorporates concepts such as decentralization and token-based economics. For Wood, Web3 is truly decentralized and a more democratic version of the current internet as it is a new and open web that runs on blockchain technology. While explaining what Web3 is, Wood said “Web3 is really sort…

Read More

The movement to make Bitcoin a reserve digital currency keeps growing following Terraform Labs announcement to purchase a $10 billion reserve of Bitcoin. On March 14, Do Kwon, the founder of Terraform Labs, announced that UST was going to be backed by a $10 billion reserve of bitcoin (BTC). Terraform Labs created the Terra protocol that issues the stablecoin terraUSD (UST). Stablecoins are a group of cryptocurrencies that aim to lessen price changes and attempt to offer price stability. They are usually backed by a reserve asset. While Terraform Labs is not exactly a bank, it is issuing its own…

Read More

Image Credit: Unit 2 Games Limited (Image was modified) Right before our eyes, the internet is evolving and driving that evolution are technologies that are steadily moving the toward Web 3, the midst talked about being the Metaverse. The metaverse is where users can have immersive experiences via connected virtual spaces. These experiences leap from regular social media engagements to hanging out, shopping, dating, learning, working, and so on. In essence, it takes one deeper into the online world. It may seem like the Metaverse is best suited to serve the gaming industry and tech giants but that’s not entirely…

Read More

Over the last years, Bitcoin has risen from being a fringe technology to become the world’s biggest and most popular cryptocurrency, paving the way for other coins such as Ethereum, Tron, Tether USDT etc. While the advent of Bitcoin amongst other cryptocurrencies has reimagined money, made people millions and also revolutionized decentralized technology, it has also brought with it some unwanted side effects in which cogent of it is its unsustainable energy consumption. What is The Environmental Impact Of Bitcoin? To understand the environmental impact of Bitcoin, we must first have an idea of how new coins are created. Since…

Read More

In the wake of the Russia-Ukraine crisis and the continual surge in Cryptocurrency trading, The President of the United States on Wednesday, 9th March, 2022 signed an executive order for the government to look into cryptocurrencies. For you, our dear readers, we shall examine the risks and benefits of Crypto. Benefits Of Cryptocurrencies Access – Anyone with Internet access and an account can use cryptocurrencies. One can trade crypto 24/7 from anywhere as they are decentralized and not restricted to one country. Ease of Payment – Gone are the days when one had to wait in a long queue before…

Read More

Bitcoin’s value rose to surpass the $40,000 mark in early February as the cryptocurrency recently recorded a drop in value to a point not seen in about half a year. This comes after bitcoin hit it’s all time high of slightly over $68,000 in November of 2021. The drop to around $34,000 in January has often been linked to the impact of a rate hike by the US Federal Reserve which had the effect of driving away investors from riskier assets such as crypto At the time of writing this, the cryptocurrency gently hovers around $44,000. Seeing as bitcoin is…

Read More

When the term Crypto is employed, it’s usually in relation to bitcoin, ethereum or different cryptocurrencies. According to Merriam -Webster’s dictionary, it additionally refers to cryptography. Cryptography is “the computerized coding and decryption of information”. Because of the meaning of the word being seized by digital currencies, cryptographers have taken to social media, created t-shirts and hoodies to state “crypto suggests that cryptography”. Amie Stepanovich, administrator of semiconducting material Flatirons Center at the University of Colorado grad school and creator of the pro-cryptography T-shirts, spoke to the Guardian, saying: “Crypto for many years has been used as shorthand and as…

Read More