Author: Temitope Akintade
On March 24 2021, Coinbase decided to offer approximately 3.75% annual percentage yield (APY) for staking Cardano’s native cryptocurrency – $ADA and the coin experienced a 35.3% price growth in 24hours following the development. That event and other ones showcase the reason why traders and investors should understand the concept of coin staking in order for them to gain access to lucrative yields, increased flexibility, and insights into the price dynamics of certain digital assets. Staking is an activity where a crypto user locks up a specific amount of coins in a wallet for a certain time and receives rewards…
The internet has evolved dramatically in the past twenty years and Web3(also known as Web 3.0) is a term that has been garnering much of the online world’s attention lately. But before we delve into what the web3 concept is all about, it will come in handy to have a cursory look of how we got here. An overview of the journey from web1.0 to web3. Web 1.0 This phase of the internet evolution is also referred to as the ‘read-only’ web. Coined in 1999 by author and web designer – Darci DiNucci when distinguishing between Web 1.0 and Web…
Ether is the native token of the number one decentralized network known as the Ethereum Blockchain. The world’s second-largest cryptocurrency, Ether has a following that may even be stronger in some ways than that of Bitcoin.The Ethereum blockchain happens to be the building block upon which a range of Stablecoins, dApps, DExes and NFT Marketplaces are built on. Investors who bought into Ethereum five years ago are currently up more than 270-fold. Ether has been one of the most consistent cryptocurrencies in every bull market since the project was founded. However, there is more to Ethereum than how it performed…
GameFi is an exciting industry in the cryptoverse and it has grown into one of the hottest trends right now. It is simply a blending of the words ‘game’ and ‘finance’ and it is also known as ‘play-to-earn’. According to Newzoo’s 2021 Global Gaming Market Report, the number of global gamers by the end of 2021 now exceeds 3 billion. In the same year, total global gaming revenue grew 1.4% year-over-year and stands at $18.03 billion, with mobile gaming revenue set to account for 52% of the total global market. What is GameFi? GameFi is basically the marriage of gaming…
Source: Happy International Women’s Day / Papersmiths.co.uk The cryptoverse is becoming more of a reality in which each and everyone of us lives. Men, women, young and, increasingly, older communities are playing a part in the mass adoption of Web3. The downside to this is that, in the mainstream adoption, there is a clear inequality in the voice dominating the scene. Despite crypto’s inherent democratic qualities, it didn’t spare the industry from gender inequalities. Women are still a minority in this burgeoning finance sector. While crypto has incredible potential to increase equity and accessibility to financial markets and investments, to…
A digital revolution is happening in Africa. Blockchain technology is an emerging trend gaining traction on the continent. According to Chainalysis, crypto usage in Africa surged 1200% towards the end of 2021. This steady growth is happening despite government bans and restrictions in several African countries. One of the trends that have garnered the attention of many Africans is NFTs. The desire to mint, create, sell and purchase digital artworks is at an all-time-high. A survey by Finder ranks Nigeria(the largest crypto market in Africa) as the 6th largest adopter of NFTs in the world and South Africa as 12th.…