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Showing posts from February, 2022

With 10 Dollars Which Cryptocurrency Should I Buy?

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Which Cryptocurrency Should I Purchase With $10 If you’re new to cryptocurrencies and looking to dip your toe into the space for the first time, you may be wondering which coins or tokens are worth buying with an initial small investment such as $10. Realistically, starting with an amount like that won’t make you a millionaire, but it can be a good learning experience in understanding how the market works. In this scenario, if you only had $10 to invest, we would recommend using a centralized exchange (or CEX) to buy your crypto, which are a lot more user-friendly and accessible to newcomers. Using a CEX means you won’t need to create a personal cryptocurrency wallet or worry about things like high gas fees when trading. A few popular exchanges you can use to easily buy crypto with minimal fees are Coinbase , FTX , Gemini, eToro , Crypto.com , and Robinhood . Note that the cryptocurrencies available on these exchanges may vary. You’ll also want to decide if you plan on

What is NFT (Non-Fungible Token) Minting?

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NFT (Non-Fungible Token) Minting? In short, NFTs are unique digital assets that represent a piece of media or physical item with their transactional and ownership records permanently added to their respective network’s blockchain. But have you ever wondered how they’re created? You may have heard the term minting in the context of NFTs, but what exactly does that mean? Stick around and you’ll find out! Minting simply refers to the process of turning a digital file into a non-fungible token on the blockchain for the first time. It’s also used to refer to the act of issuing a newly launched NFT from a project’s website to your personal wallet, as well as the time period during which the project’s mint page will go live and the minting will be taking place. If you’re an investor or collector looking to mint a promising new NFT project created by someone else directly from their project’s website, you’ll need to first set up a cryptocurrency wallet and deposit some of t

What Does the Future for Non-Fungible Token NFT Look Like?

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The Future for Non-Fungible Token NFT Non-Fungible Tokens (or NFTs) are shaping up to be the hottest cultural phenomenon of the 2020s. There are a number of different kinds, each acting as a digital representation of an underlying piece of media or physical item with their own distinct style and use cases, and with the virtual asset space so young, it’s exciting to think about what they might look like and what they’ll be able to do in the future. This article will take a look at several areas within the NFT space today and speculate possibilities for where they may go as time marches on. Avatar/PFP (profile picture) projects Today: NFT enthusiasts everywhere are sporting online profile photos of algorithmically generated characters from their favorite avatar projects as a sort of online persona carried throughout social media and the larger Metaverse. These users have a unique attachment to their NFTs and enjoy the personal brand they bring to their virtual pres

How do NFT Games Work?

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The workings of the Nft games NFT games are a fast-growing area under the cryptocurrency umbrella that utilize NFTs as an integral part of their core gameplay and mechanics. But just how do they work? Follow along and you’ll be an NFT game whiz in no time! At a technical level, blockchain NFT games use what are called smart contracts, autonomous (self-running) lines of code that provide various rules and functionalities for NFTs and cryptocurrency tokens. These smart contracts are what allow the NFTs to interact with the game properly and facilitate any kind of blockchain interactions to and from its platform, such as when buying, receiving, selling, or trading them. Depending on the genre of NFT game and how it’s been developed, each will have different rules and gameplay elements for their respective NFTs. In some games, NFTs are purely cosmetic items such as clothing accessories or decorative pieces, while in others, NFTs may be playable characters or items that y

How Binance NFT Is Building the No․1 Gaming Metaverse

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Binance NFT Is Building The Top Gaming Metaverse As the world’s largest cryptocurrency exchange by trading volume, Binance is a pioneering force when it comes to all things related to cryptocurrencies, the Metaverse, NFTs, and Web3. As such, in order to foster a robust ecosystem of NFTs, they launched their own marketplace platform, Binance NFT in late June 2021. Binance NFT is composed of three parts: the main marketplace where users can buy and sell NFTs of any kind from different creators, a mystery box section where users can purchase a blind box containing an NFT from a particular collection with rarity ranks of normal (N), rare (R), super rare (SR), or super super rare (SSR), and lastly, the Gaming/IGO section , which stands for Initial Game Offering. Binance NFT’s IGO is a first-of-its-kind initiative “to support the future of NFT gaming”. It’s a platform made for blockchain gaming enthusiasts and contains a plethora of NFTs for sale from various NFT-based

NFTS FIND TRUE UTILITY WITH THE ADVENT OF THE METAVERSE IN 2021

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NFTs Utility With the Advent of the Metaverse With 2021 behind us and 2022 well underway, we’re taking some time to look back at the rise to fame and growth in popularity of NFTs and the Metaverse in the last year, which was by far their best year yet. In fact, a 2021 industry report by online crypto data aggregator DappRadar found that in total, there had been over $23 billion in NFT trading volume and the floor market cap for the top 100 NFT collections reached an impressive $16.7 billion. Not only that, but NFT-based blockchain games took off as well, with 49% of unique active wallets connecting to gaming decentralized applications (DApps), bringing gaming NFT trading volume to $4.5 billion. These numbers are expected to increase as time goes on, but how did we get to such record highs? NFT collectibles began to take off in 2017 with the release of the cartoon cat collecting and breeding simulation game CryptoKitties. By that same November, the website reached a pe

What is the Metaverse? Crypto Games with NFTs

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Metaverse - Crypto Games with NFTs To many, the Metaverse may seem like nothing more than a fancy tech buzzword, but in recent months, the concept has garnered mass attention and discussion, especially following October 2021 when social media giant Facebook decided to change its parent company’s name to Meta and share its vision for building out the emerging Metaverse space. But what exactly is the Metaverse and how does it work? How is it related to NFTs and gaming? Read on to find out! Believe it or not, the term “metaverse” was originally coined back in 1992 by author Neal Stephenson in his dystopian science-fiction novel, Snow Crash wherein humanity spends much of their time inside a massive shared virtual reality world as a form of escapism. Here, the Metaverse is an advanced futuristic version of the Internet, and it seems the present-day Metaverse is starting to head in a similar direction. Note however, that today’s Metaverse isn’t one specific destination or