Archive for July 29th, 2022

crypto-animals

Animals in the Crypto world

In the crypto community, you can be categorized as a type of animal depending on the amount you have of a cryptocurrency in your wallet. Being the whale for those who have the largest amounts, or on the contrary a small shrimp if you have less than 0.5. But in between, there are more animals. Each one is used to mark trends or movements in the prices of Bitcoins and altcoins. Below go some of the most common ones: Whales: These are the wallets with the largest number of cryptocurrencies, these users can move significant sums of money in cryptos and cause variations in the market. They are known as Whales because of the representation that we are all investors in a big ocean, where there are fish (all those who have cryptos) and whales (big investors). Usually, these have a minimum of 1000 BTC. Bears: We will associate this animal with the bear market, which usually hibernates when it is cold and food is scarce. In cryptocurrencies, this winter is when prices are low, an example is a current market in which we had a big fall. Normally we associate the price drop of an asset with the action of bears on the market, which many times act influenced by external events. Bulls: When the fear of investing in the cryptocurrency market subsides and people start investing again, that’s when the bulls arrive. Since the Bull figure is associated with the bull market because of the upward angle its body has with its head raised above its neck. Bulls can tangibly encourage the prices of any asset. In the crypto world, we are all an animal but it is up to each person to choose which of these we want to be based on our investor profile or the opportunities we can take. But the important thing is that we all start as shrimp so there is no need to be afraid to take that first big step into this world. At The Blue Manakin, we want to help you on your journey in the world of cryptocurrencies and NFTs so don’t forget to check out our blog posts where we talk about different topics about this world and the latest trends.

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Forks

Software development: What are forks?

In software development projects, a fork is the creation of a project from the source code of the main one to reuse code to speed up the development process. Something similar happens in cryptocurrencies since forks are used to clone the code of a cryptocurrency and create a new cryptocurrency from it or, on the other hand, to update the existing code; this can happen voluntarily or accidentally. Remember that the algorithm of a given cryptocurrency establishes parameters to work peculiarly, because these are executed in decentralized networks, all parties must use the same rules and work together correctly to preserve the history of the blockchain. There are different types of forks that are used depending on what we want to do, among which we find: Soft fork or soft forks. They are characterized by small adjustments or changes that are compatible with previous versions so it is not necessary to update all of them since the previous blocks are still readable. Rough forks or hard forks. These occur when developers make mistakes when making a new fork to update or fix bugs. Such an error causes the creation of a second blockchain which causes outdated nodes to reject transactions. In conclusion, forks have a considerable impact on the cryptocurrency ecosystem both positive and negative. Since just as forks create and enhance crypto assets, they can also create drama, increase risks, and fuel uncertainty within the community.

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bagholder

What does it mean BagHolder?

Those investors who have been doing hodl for a long time are known as Bagholders. Many times bagholders reach this level because they bought the coin when its price was high, thus keeping tokens that are worth little or nothing while hoping that it will go up again. Cryptocurrencies being a very volatile market, it happens that there may be large price fluctuations, just as every day new investors arrive eager to generate income at the moment. Even a percentage of Bagholders are people who have forgotten about their investments and have left them where they are. Bag holding is not something negative as it belongs to a term in the crypto world that refers to not selling your coins no matter how bad the market is because there is always the probability that it will go up again, this term is the Holding. We at The Blue Manakin always recommend that before making an investment in the cryptocurrency market we have to do our market analysis and never invest an amount that we cannot afford to lose. The cryptocurrency market has many changes so sometimes future investments are better than short-term ones, but it is up to us to take that risk.

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bitcoin-escasez-programada

What is the Bitcoin Programmed Scarcity?

One of the most curious features of Bitcoin is that the highest number of coins it can produce is predetermined since its creation at 21 million Bitcoin. This may be because the creator of Bitcoin (under the pseudonym Satoshi Nakamoto) determined that he wanted to generate a deflationary currency, like gold. If something is naturally limited it is more likely to have a cost. If Bitcoin could be produced indefinitely and out of control, it would have no cost (or could be quite temporary). Limiting their number increases the possibility that this asset, being limited, could eventually have a larger value. Now, what will happen once the 21 million Bitcoin limit is reached? Currently, about 16 million Bitcoin has already been mined, which is 75% of the final cost. It is believed that by 2032, 99% of the Bitcoin will have been mined. Bitcoin’s Halving is the process where every 4 years the reward that miners of the currency receive, decreases and it is less profit that they get in the long run this will make the costs of mining Bitcoin more expensive and there is a strong possibility that the number of miners that exist will decrease. With this in mind, as the production rate is going to be lower it is expected that this number will not be achieved until 2140 once the last Bitcoin is mined. Finally one of the reasons why Bitcoin has both values is because of its scarcity. This is why Bitcoin is more like a cost pooling asset (like gold) than a means of payment like a currency.

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P2P

What is the P2P system?

A peer-to-peer network is a different way of networking because it does not use a server station, but rather each “server” computer is the people who contribute to this system. A peer-to-peer network, peer-to-peer network, peer-to-peer network or peer-to-peer (P2P) network is a network of computers in which all or some aspects operate without fixed clients or servers, but rather a series of nodes that behave as equal to each other Moreover, they act simultaneously as clients and servers concerning the other nodes in the network. P2P networks allow the direct exchange of information, in any format, between interconnected computers. To participate in this peer-to-peer network, the user has to connect to the network through the software on his computer, which gives him the possibility of participating as a client or as a server; it is a decentralized model because, as already mentioned, there is no central server. Many applications such as Spotify or Napster started this way as a peer-to-peer network, but because offering music or movie services through decentralized servers is considered piracy, the model was changed. It was also due to Spotify’s growth that they decided to create a central server to offer the service. One of the advantages offered by this system is that each user can manage their equipment, without the need for technical knowledge, because everything depends only on the software and the number of users who are using it to have a greater reach. Although everything seems to be good it also has some disadvantages and the main one is that, although you do not have to have technical knowledge about how it works, you have to be very careful because if you do not have an antivirus system on your computer you can introduce the virus to the peer to peer network and have access to the information of all users who are within the network. Cryptocurrencies and blockchain technology use a P2P network so we at The Blue Manakin care to explain how this system works as it is something you will come across many times while browsing the crypto world.

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altcoins

What are the Altcoins?

Altcoin is a term used in the crypto community to refer to all currencies other than Bitcoin. These are made using forks of the open source Bitcoin. Each altcoin has its blockchain and its P2P network and uses its mining algorithm such as the classic Prof of Work or the recently applied Prof to Stake. The altcoins find their value in supply and demand, so we can find them in the financial markets. The point is that the vast majority of altcoins we cannot use them to make a transaction or acquire any good or service unless we convert them into Bitcoin or a Fiat currency. What are the advantages and disadvantages of Altcoins? In their advantages we can find: Decentralization: These currencies do not depend on any kind of third-party institution for their realization and distribution. Utility: Each altcoin project is realized with different bases and missions which help to bring more to its value. Innovation: With the experience of what has worked and what has not worked in bitcoin, altcoins have from where to find ways to start strong and with functionalities and specifications that contribute to the community. On their disadvantages we have that: Liquidity: All altcoins have a lower value than bitcoin and many do not leave the pennies on the dollar, so we have to be very careful. Massive failures: There are thousands and thousands of altcoins that we have not even heard of and surely will not hear of since there are very few projects that usually sound or are within the top of cryptocurrencies. In The Blue Manakin, we will always explain the most popular terms in the world of cryptocurrencies, so you can check our glossary if at any time you find yourself in doubt of the meaning of some words that you can find when browsing throughout this community.

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blockchain for babies

Blockchain for babies

Chris Ferrie, a faculty member at the University of Sydney’s 2019 Quantum Software Centre, has written a book to explain from an early age to an infant how blockchain works. Titled Blockchain for Babies, the curious idea became a reality. The book has 12 pages and can be found in hardcover and paperback format. The book uses fairly simple language to be able to describe the necessary details a little person needs to taste about blockchain technology. Ferrie said: “The intention is not for the child to come out of the book and run an ICO.” But this book comes to be part of several books which are made to explain complex topics to young children that likewise have been written by Ferrie, within these books we can find: Quantum Physics for Babies,  General Relativity for Babies,  Rocket Science for Babies y  Newtonian Physics for Babies. Ben Munster, the writer of Decrypt, described his vision of the book, from the position of an adult rather than a newborn. Munster said: “It starts with the image of a ball, which I get. then it says the ball can be bought for a coin, which I also get. then it says the coin is now “invisible,” which I understand to mean it’s on the blockchain, but I only understand it because I write about this stuff every day, unlike most babies. then it explains how the blocks of transactions fit together like jigsaw puzzles, with fraudulent transactions that can’t fit together, which is a nice idea.” The reality is that while this book is for “babies”, it is useful for people who are not in this world to understand how blockchain technology works in a way that is too simple you could apply the saying “I’ll explain it to you with apples” only in this case it is with puzzles. While this can be taken as a joke, any kind of education for this world is welcome and if a book that explains it simply can be the first step for people who want to get into this space, it is quite good for us.

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snoopdog NFT influencer

7 Top NFT influencers

Currently, the NFT market tends to attract more famous personalities than cryptocurrencies, this is possible because NFTs tend to be more colorful and fun collections than cryptocurrency projects that we see as something more serious. This is why in this new post we are going to review those whom we can consider as the people who attract people to this world the most: SnoopDogg One of the most famous rappers of today has become one of the most talked about in the NFT world. He is currently a person who is dedicated to the collection of these digital works, but it is a reality that many people are pending what will be his next purchase. mcuban  Owner of the Dallas Mavericks and a great entrepreneur who has become a major player in the world of NFTs such as Mintable and super rare. You can keep an eye on his networks as he is one of the most supportive people in selling game tickets through NFTs. garyvee The marketing genius who has become one of the most internationally known NFT influencers. He has a collection of NFTs called “VeeFriends” which can offer you some drops like attending one of his conferences, follow him to find out the latest on NFT crypto marketing. kevinrose CEO of Revision3, Digg, Pownce, and Milk. He is currently one of the NFT collectors with the most followers on Twitter. Subscribe to his two podcasts where he talks a lot about NFTs, these are Proof and Modern Finance. elliotrades CEO of @PlayImpostors and @SuperFarmDAO. In his accounts, he always gives tips on how to trade with NFTs so if you want to learn more about how to become a collector this is where you should be. alexisohanian  CEO of Reddit and is one of the most engaged users in the NFT universe and what it will bring in the future. He always finds a way to champion this medium via Twitter, TV, and his podcast. pranksy  One of the greatest women in this world. Always advises on how to go about buying and selling the assets as she has generated great wealth through this. farokh  Started from the bottom and is now the host of Rug Radio, is a Twitter space dedicated to discussing only the topic of NFTs. This is the space to learn the best tactics to get you into the world of NFTs. Dhof Creator of the mythical Vine application, he is now immersed in NFT projects including Supdrive, a platform with NFT files of video games. In The blue Manakin, we have the best tools to contact you with the ideal influencers to promote your NFT collection since we have a complete database and we can adjust to what your project and budget need.

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Valuación NFT

Valuation of NFT’s

As we taste, in the crypto world there are two types of tokens: fungible and non-fungible. Fungibles are those that function as money, a peso is always a peso invariably from the conditions of the coin. A peso coin can be replaced by any other peso coin. On the other hand, non-fungible tokens are unique and cannot be replaced by any other token. NFT’s can be used to represent unique digital assets, and are interesting because their uniqueness and ownership can be verified, they can be used in different applications, and they can also be easily exchanged in various markets. Depending on the asset the NFT represents, its value comprises four different components: utility, ownership history, future value, and liquidity. These components can be used by investors to assess whether the NFT is worth investing in, and by creators of NFTs to attract users and investors. The key is that NFTs create many new ways for value creation for creators and asset owners. Below, we break down the four components and discuss what gives value to each: UTILITY: Utility value depends on how the NFT can be used. Two major categories that have high utility value are gaming assets and tickets. For example, a rare and valuable Crypto Space Commander warship sold for $45,250 in 2019, and the value of an NFT ticket is the price of that same ticket. Another dimension of this same utility is being able to use this NFT in an application other than the one in which it was purchased. If you could use that same warship in another game, the value would go up exponentially. OWNERSHIP HISTORY: The value, in this case, depends on the identity of the seller and the previous owners of the NFT. NFT’S with the highest ownership history value is usually created by famous artists or companies with a large presence. Based on this, we can realize that there are two ways to give more value to our NFT: the first is to cooperate with influential companies or individuals to promote these tokens, and the second is to sell NFT’S that have been previously owned by equally influential people. FUTURE VALUE: The future value of an NFT is derived from speculative valuation changes and future cash flow. Valuation is driven by speculation and can often be the key to high value. One could argue that speculation is bad for NFT’S, but it is human nature and a fundamental part of the current financial system. LIQUIDITY: Higher liquidity means higher NFT value. Liquidity is the main reason why tokens created on-chain have a higher value than those not.

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nft-influencer-marketing

Where to find NFT influencers to hire?

Every NFT collection needs a diffusion by all possible means, so we must find the ideal people for this. This diffusion can be carried out by people or pages specialized in the NFT world, which know and more importantly the communities that can make our collection a success. The disadvantages come in that sometimes it can be complicated to communicate with them or to find someone that serves us according to their community and the interactions they achieve in their publications. Below we will discuss some of the ways to hire influencers that are useful for our NFT collections: Look at their networks: One of the best ways is to review all the social networks they have available, so we can review all the content they upload, from the type of post they make to how many people react to them. Normally in their networks, they will have some mail for promotions or the platform will have some kind of method to contact them. They have a Manager: Many times NFTs influencers have a manager that helps them review all the possible collaborations that they will do. So we can reach them through him, we will explain in the best and most appealing way to their manager and if he is interested he will pass it on to his client or someone else he thinks would be better for the project. That he is interested in our project: In the end, the NFT influencers are just as many collectors, so having a flashy project, well organized and with a solid mission is very possible that even the influencer will be well into our project and give it a constant promotion. NFT platforms: On the internet and discord, we can find many NFT ranking platforms, these can even serve us as influencers since many people who are looking for new collections often come to these places to find collections. Normally discord usually has packages that include a shootout for everyone to see your project. Through a marketing company: In most cases, influencers are usually affiliated with a marketing agency. So if you want a sure way to find the ideal influencers for your project and they are already included in your budget, this is one of the best ways to get them. In The Blue Manakin, we have at our disposal a list of influencers who are specialized in the world of NFT collections and who are even collectors themselves, plus we support you to manage your networks and attract people to your project.

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dApps

What are dApps

dApps are a type of application that is based on a decentralized network because the nodes that interact with the application are used as several servers instead of a central one. DApps is the acronym for Decentralized Applications. Decentralized networks work with a network of computers in which users have full control over the operation of the network. DApps allow people to access different services securely without worrying about being tracked in any way. These applications can use as nodes computers, and smartphones, or can even be accessible from the web. To taste what a dApp looks like, we must think of an ordinary application, in this category we have applications such as YouTube, Facebook, Twitter, and even Instagram. In all these services there is a network of central servers. This allows companies to decide what can be seen or not in these applications according to them to give it more “security” by taking neutrality. The dApp concept is nothing new because there have been several over time, but the most popular applications have been BitTorrent and DC++, both with peer-to-peer systems to share files without worrying about censorship because there is no way to track the server. However, the quintessential dApp that describes exactly how they work on a blockchain is Bitcoin because how its users and structure assign perfectly describes the function of dApps. But with the arrival of Ethereum in 2014, the Solidity language and the ability to create Smart Contracts made dApps massive, so thanks to these 3 things dApps started to become popular in the blockchain, allowing new ways of interaction between users, the real and virtual world. The dApps and traditional Apps have many elements in common, however, the difference lies in how they interact with those elements. Both types of applications have three basic structures: the frontend, the backend, and the data storage layer.

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Social media

10 Top Crypto Influencers

Cryptocurrencies have become very popular in recent years, this is due to many reasons, but undoubtedly one of the most important has been through famous personalities in the medium that have made the voice of the crypto world. Crypto influencers are people who through their knowledge have been able to vouch for various projects that in some way have been successful. These people can make a project resonate around the world or remain as an idea that was just executed. But who are the most influential people? Now we will show the 10 people who resonate the most in this world: Vitalik Buterin Co-founder of Ethereum, Bitcoin magazine, and is one of the youngest crypto millionaires in the world. By following him you can have the latest on crypto and blockchain as he often shares opinions and articles that help more to understand these topics. Roger Ver  He is one of the first entrepreneurs who started to accept crypto as a form of payment and to adopt blockchain technology and has invested large sums of money in cryptocurrency-related startups. He is known as “Bitcoin Jesus”, Roger Ver was one of the first promoters of Bitcoin in 2011. On his feed, we can find the latest updates about bitcoin and the crypto world, with a touch of words of wisdom Andreas M. Antonopoulos He is the author of books explaining Bitcoin and the blockchain industry, such as Mastering Bitcoin: Unlocking Digital Currencies, Mastering Ethereum, and The Internet of Money. He is also known for being an advocate of Bitcoin and blockchain. Through his posts on his networks, we can learn more in-depth about the bitcoin and blockchain industry, just as he always does in life, and interviews that help educate on this world. Tim Draper Known for his forecasts on the price of Bitcoin, as well as his support for this particular digital currency. He is the founder of the venture capital firm Draper Fisher Jurvetson and Draper University, Tim Draper has invested in Skype, Tesla, SpaceX, Twitter, and Coinbase. With him, we can find opinions about bitcoin and cryptocurrencies, as well as new coin opportunities. Charlie Lee Founder of Litecoin and director of engineering at Coinbase is one of the most trusted sources of information about cryptocurrencies and how they work He also shares many updates about bitcoin and cryptocurrencies, but he also usually does so by sharing memes and comics with topics related to this world more humorously. Anthony Pompliano He is known as one of the pioneering supporters of Bitcoin and is the founder and partner of a hedge fund specializing in blockchain technology and digital assets. He is widely followed on all his channels, not just on Twitter. He shares discussions about bitcoin and cryptocurrencies, he also likes to talk about technology, business, and finance. Erik Voorhees founder and CEO of ShapeShift, one of the world’s leading cryptocurrency exchange platforms He is one of the most important voices, on Twitter, he always shares his ideas and on the medium, he shares articles talking about bitcoin and other topics. John McAfee  Ventured into cryptocurrency territory and has taken to Twitter to impart his analysis on the cryptocurrency industry and its multitude of developments. He is the developer of the famous antivirus and on his Twitter, he shares updates on bitcoin, along with analysis he does on its development. Tone Vays He is a financial and blockchain advisor who runs channels on various platforms and social networks On his networks, he talks about a variety of topics that address Bitcoin, including Bitcoin trading, Bitcoin law, and Bitcoin news. As well as some life lessons on the context of bitcoin and cryptocurrencies. Ivan on Tech Content creator specializing in blockchain technology. In his networks, he shares often with humor, his opinions about cryptocurrencies and Bitcoin and Ethereum updates. At The blue Manakin, we can help you get in touch with the best influencers to help promote your cryptocurrency project since we have a complete database and we can adjust to what your project and budget need.

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The use of NFTs

NFTs have become very popular over the last few years, we all know the story of someone who made the investment and had great returns, or we have all wanted to be part of BAYC. But it is clear that the first thing we assign to NFTs is art, and it is a reality that although there are some very cool art design collections, it is not all about NFTs. NFTs go far beyond being art collections with financial and exclusive benefits, so now we’ll share what else NFTs can be used for other than being a unique art collection. Music: We have heard of several bands and music groups exploring the world of NFTs to release versions of their music albums and some of their songs. Certifications and licensing: Every day the way is being paved for us to be able to have our NFT IDs, carrying them in a digital form and with real validity. Sports Currently, some teams have decided to try selling tickets as NFT, such is the case of the PSG team that has sold tickets for its tour in Japan. Property and real estate With the advent of the metaverse and digital properties such as land or smaller assets, eliminating intermediaries in the operations of buying and selling real estate. It is clear that the destiny of NFTs gives for more and it is just beginning, in this blog we already have some latest news entries of curious ways how some companies have used NFTs in creative ways and to their advantage. We hope to see more and more in the future here at The Blue Manakin.

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Where to find crypto influencers to hire?

When we have a project based on blockchain such as cryptocurrencies, it is necessary to seek all possible means to spread the idea and mission of our project. One of the best ways is by voice, and what better than the voices of people who know about it, such as influencers specializing in crypto. The problem is that sometimes it is difficult to reach them or find one that serves us according to a good relationship between the number of followers they have and the interactions they generate. Now we will share some ways in which we can find and hire influencers for our crypto projects: Follow them on their channels: Contact their agent: Many times crypto influencers and in general influencers have agents that support them to see all their collaborations, so they may be the only way to reach them. Through a marketing firm: Many times crypto influencers and in general influencers have agents that support them to see all their collaborations, so they may be the only way to reach them. Through a marketing firm: Many times influencers are in some way affiliated with a marketing agency, and these have a large repertoire of influencers that they always work with. So it’s pretty sure that if you connect with a marketing company you will save yourself a lot of trouble when looking for influencers At The Blue Manakin we have a list of influencers specializing in cryptocurrencies for your cryptocurrency project, plus we support you to manage your networks and attract people to your project.

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UK NFT

England will allow sending legal documents via NFT

The High Court of England and Wales has granted Fabrizio D’Aloia, founder of the Italian online gambling company Microgame, to file a claim through his lawyers Giambrone & Partners LPP to anonymous persons through an NFT drop to their wallets. This move will allow Mr. D’Aloia to serve legal documents to these unknown users through their wallets. This news is quite significant for the crypto world, as it leaves a precedent in which it will be possible to have one more defense against scams and hacks that are often done through wallet addresses. “This is very important because it shows the court’s willingness to adapt to new technologies and embrace blockchain and, in fact, step in to help consumers where previous legislation and regulators simply could not,” Joanna Bailey, an attorney at Giambrone & Partners LPP who worked on the case, told CoinDesk. D’Aloia said he was duped by an online broker into depositing around USDT2.1 million and USDC230,000 in wallets that turned out to be fraudulent. But thanks to the England court D’Aloia is allowed to sue the responsible persons by sending the court documents through an NFT to the wallets. It remains to be seen what will happen in the future with this lawsuit, because if it comes out well we may see new regulations in the crypto and NFT world. In The Blue Manakin, we want to remind you that although the crypto world is the future of finance, we can still encounter many scams with which we can lose our money, so it is important that before sending money do your best to verify the veracity and that with the slightest doubt you have a stop to think a little bit. Also, remember that we should never invest money that we cannot afford to lose.

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cryptocurrency

How to promote Crypto

Today there are thousands and thousands of cryptocurrencies, so the real differentiator that can exist from one project to another is undoubtedly apart from what it is focused on or the reason why the currency has been created, is its marketing campaign. As we have mentioned in other entries of this blog, we must have marketing specialists who know well the medium of cryptocurrencies in the most popular social networks Sometimes tactics change from project to project, and especially if we are talking about an NFT collection or even an ICO, now we will share some general ways in which we can promote our cryptocurrency on social networks that should be used. The networks and platforms for cryptocurrency promotion are: Twitter:   Twitter will be one of the main means by which you will share everything relevant to your project, here you can share important data and tell what the project is about. Unlike NFTs, the language we should use is a little more serious, since investments in cryptocurrencies are so. For cryptocurrencies, promoters can still be used, but if you have to be more careful since there are usually fewer and since we cannot find so many, we have to select the best ones. Verifying that their engagement is good and not very different from the numbers of followers they have, normally with them you can handle airdrops, Rt, QT, and different tracking dynamics. Twitter ads also work to attract more people, but it is better to first share them through promoters. Instagram: Instagram is still the space where we can have a more personal twist on the project, here we can focus on sharing the mission for which the coin exists through different publications. In the stories, we can share the same as on Twitter different data and statistics about the project and its mission. We can also contact promoters to upload stories and publications, promoters should also verify if they have the turn of cryptocurrencies and not NFT. Newsletter: Unlike with NFTs, with cryptocurrencies, we can manage an email subscription, which we will use mainly to send visual updates on how the project is going. Also, this newsletter can be used as a form of communication to get collaborations with more serious companies and people whom we will see as investors, in the same way, you can share a fairly illustrative newsletter that talks about the project in general and invite you to contact us to talk more in-depth. Linkedin: This social network will help us to promote our project more seriously, also making publications talking about the project, here sharing a little more information as a way of mini-blog. The main thing is to seek to form relationships with people and generate networks of opportunity. Telegram: Cryptocurrency groups on telegram are more common than those of NFT since while they use discord as their main means of communication, with cryptocurrencies it is better to have a direct approach with the people who are buying and investing in our asset, so a telegram group with your loyal investors comes in handy. This is where people will first find out about the latest status of your project and the publications we will make on the different social networks. At The Blue Manakin, we have the tools to support you to make an effective promotion plan for your cryptocurrency project, apart from the fact that we already have a base of influencers and specific promoters of projects with cryptocurrencies, quote us.

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Central Bank of France

France starts with the second phase of its CBDC project

The first tests of the first phase in the Bank of France’s trials for a wholesale digital euro have been completed. But now it has been announced by François Villeroy de Galhaula who is the governor of the Bank of France that the second phase of the tests is expected to start this year. They commented at the Europlace International Financial Forum in Paris that four or five new experiments are expected to be launched. The European system is looking at the scope and design of a central bank cryptocurrency (CBDC) in euros. The rationale is that a retail digital euro can maintain the role of central bank money in the economy even when it is “threatened by the digital revolution,” Villeroy de Galhau continued. “I believe that the Eurosystem should not have the role of managing digital euro holdings: the Banque de France closed its last private client accounts more than 20 years ago, and has no intention of reopening any.” The Banque de France’s proprietary technology for its digital ledger is referred to as DL3S, for a possible future system. An automated market maker platform based on a decentralized financial model was also designed, where multiple CBDC settlements will be possible. Further testing will be to see how the digital euro performs with private agents and other central banks, preparing to implement it in the pilot scheme in 2023. Again we see a nation betting on the digital world, hopefully, these tests will prove positive so that many more countries will be interested in leaping to have their fiat currencies converted into digital assets.

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socials and bitcoin

Crypto influencer marketing agency, how does it work? Blue Manakin

Having our own NFT project, one of the most important things we have to do is to find ways to promote it, as we have discussed in other posts of this blog, can be done in many ways but one of them is through influencers and promoters dedicated to the crypto world. Sometimes finding influencers that work can be a complicated task, since it is not only to check how many people follow them but we also have to keep an eye on how their interactions are going in the last month to make a good diagnosis of whether what they are asking for is worth it. Another complication when looking for influencers is that they answer us, sometimes being a project that is starting we can take time to contact influencers. That is why one of the best options we can have is to look for an agency that already manages several reliable influencers, many times marketing agencies already have ready collaborations. So how does it work and what are the advantages of a crypto influencer and marketing agency? There is no need to be searching: As long as you have an agency dedicated to your marketing, ask them if they don’t have a list of influencers. Statistics: The catalog or list of influencers should have all the updated data and statistics of all the influencers they have, so you won’t have to get lost in all the numbers of an influencer to check how their interactions are going Collaborations: With multiple influencers being part of the same agency, it’s easier to have collaborations with them in different ways. Price: The good thing about having an agency is that from the beginning you make a budget with them that can include some influencers, this is good since you don’t have to have one budget for marketing and another for hiring influencers. Here at The Blue Manakin, we have all kinds of influencers and promoters with whom we have worked and with whom we maintain good working assignments, contact us to ask for your budget for your project.

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snapchat NFT

Snapchat to use NFTs as filters for its users

Despite the downturn in cryptocurrencies and NFTs in recent months, tech companies are still betting on investing in this promising world of nonfungible tokens (NFTs). Snapchat in its latest updates for its app has been testing new ways to include digital collectibles within its software, for artists. The photo platform has been exploring its augmented reality to allow artists to display their digital collectibles as filters. This will be a completely free feature but it is looking to set up deals for creators to monetize the display of their NFTs on Snapchat. Along with a limited number of creators the platform will be tested in August, according to a Financial Times report. Artists will be able to own their NFTs and then add them to their Snap Lenses. Twitter has been one of the first social networks to first include NFTs on its platform, in this case currently NFTs are seen on users’ profile pictures as a hexagon. Meta has also started tests on Facebook and Instagram, since May they allowed a group of users to share the NFTs they had created or purchased on their profiles for free. Snapchat mentions that they hope the inclusion of NFTs in their social network will help creators to build their community.

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NFT

How to Promote NFT?

Doing an NFT is not just about coming up with a good idea that no one has seen and that’s it, but there is a whole process for our project to reach many more people, we have to give it that push. As we have mentioned in other posts in this blog, it is best to have a team specialized not only in how things move in this world but also know how to move through popular networks. A crypto marketing agency will help us to reach every corner of the internet to make our project sound. Sometimes tactics change, what worked for one collection may not work for the next but now we will share in a generic way what you can do in the different social networks and main platforms to promote your NFT. The networks and platforms for NFT promotion are: Discord: It is where your community lives, so before talking about advertising, it is important to comment that your server has to look flashy and organized so that when people get to it they can check easily and find all the information without further complication. The best way to advertise on discord is through collaborations with other collections, preferably that these are of a similar style to our collection but the truth is that you can collaborate with anyone, this way you can reach thousands of people. The link to your discord must be present in all publications of the other social networks. Twitter: In the main network for your publications, in this one, the important thing is to generate content that goes according to the turn of our collection, with fun and interesting tweets talking about our project. NFT promoters are used on Twitter, it is important to verify that their engagement is good and not very different from the number of followers they have, usually with them you can handle giveaways, Rt, QT, and different dynamics of follow-up. Twitter ads also work to attract more people, but it is better to first share them through promoters. Instagram: It is the network to make our project more personal, here we will share the best arts to draw attention to our collection, and here we will share the same in our stories if the information of the project so we can also take advantage to do live chatting about the project, share some event we are going to. Here it is best to contact promoters to upload stories and publications, here on Instagram it is normal to find pages of NFT magazines, which can help give visibility to the collection, making a publication of it and uploading to their stories. Ranking and scheduling platforms: In discord and on the internet we can find different platforms that are dedicated to serving as a collection release calendar. These are usually the pages that expert collectors visit to find collections about to be minted so finding a good page and making the investment to be seen on the main page of your website doesn’t hurt. Gleam: Gleam serves us quite well to make a massive giveaway, this we can take advantage of it to make different entries to earn more points and have more chances to win, these entries can be from following us in all our social networks, to make rt and give like in publications, but certainly, a feature of the most important would be to get them to share in their networks the competition, in this way we can get much more traffic in our social networks. These are the general strategies to follow in the different networks and platforms, but as always we recommend doing it by the hand of a marketing agency because as mentioned above does not always work the same for all networks and at least here in The Blue Manakin we can adapt to what your project needs and give it the visibility it deserves, so quote us.

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