Advertisement
At the start of 2021, most people hadn’t heard of the word non-fungible token (NFT) and fewer still had any idea of what it meant. By the end of the year, Collins Dictionary had declared NFT its word of the year, and the market was worth an estimated $40 billion.
Just as a physical wallet allows you to store your money, a blockchain wallet allows you to manage and use your cryptocurrencies and other blockchain-based digital assets. With the rising adoption of cryptocurrencies as an investment asset class, digital payments option, and digital economy facilitator, people who own cryptos should be familiar with blockchain wallets and their uses.
Over the course of history, the face of gaming has evolved at an unprecedented rate. Aided by advancements in technology, the gaming arenas have gone from the arcade halls, where you could find the likes of Pacman and Space Invaders, to handheld Gameboys, to Sony releasing their first Playstation and Microsoft doing likewise with their Xbox, through to the Nintendo Wii, online casino play and Esports. But it seems that the world is encountering and preparing itself for a new wave of gaming right now, in the form of GameFi.
The decentralized and censorship-resistant nature of blockchain technology has dramatically improved the ways in which value and information can be transferred. However, while tokenized assets are imbued with a wide range of blockchain-enabled benefits, the platforms on which digital assets are bought and traded are still subject to several traditional market dynamics.
Studies have shown that between 2012 and 2018, teams with a woman among the founders made up only 17.7% of venture-backed crypto and Blockchain companies. This number dropped to 8.2% when looking at all-women founding teams.
Once relegated to a class of tech-savvy pioneers, cryptocurrency has gone mainstream in 2021. In February, Canadian regulators OK’d the first crypto exchange traded fund (ETF), and the acceptance and support of cryptocurrency has only grown in the months since.
A comprehensive guide to understanding crypto-speak. Read up on the most common terms used in crypto and what they mean, so you know what’s what.
The process of verifying the ownership of both physical and digital assets is an integral component of most businesses and systems. Furthermore, throughout history, individuals have collected scarce and valuable assets such as art, jewelry, and land.
“Altcoin” is a combination of the two words “alternative” and “coin.” It is generally used to include all cryptocurrencies and tokens that are not Bitcoin.
Advertisement
