digital assets

Investing in NFTs: Understanding Rewards and Risks in the Digital Asset Market
May 19, 2023
By: Redaccion | 0 Comments

Investing in NFTs: Understanding Rewards and Risks

As digital assets gain traction as a viable means of wealth creation, NFTs have become increasingly popular among investors, speculators, and collectors. In this article, we will guide you through the basics of NFTs, the investment process, and the crucial factors to consider before diving into this dynamic market. Let’s explore the world of NFT investments together. The Basics of NFTs and Smart Contracts NFTs, short for non-fungible tokens, are digital assets that leverage blockchain technology to create unique characteristics that cannot be altered. At the heart of NFTs are smart contracts, which enable the creation, ownership, and transferability of these digital assets. Smart contracts, operating on the blockchain, are transparent, tamper-proof, and include codes that outline ownership, transferability, royalties, and other terms and conditions. Each NFT is assigned a unique identification number during creation, securely stored on the blockchain. How NFT Investments Work Investing in NFTs begins with finding the right ones to buy. Online marketplaces like OpenSea, Rarible, and Nifty Gateway offer a diverse range of NFTs, ranging from inexpensive items to priceless assets. Before making a purchase, conducting thorough research is essential. Factors such as the NFT’s originator, rarity, and current demand for similar NFTs should be considered to assess its potential worth. NFTs are typically traded using cryptocurrencies such as Ethereum and Bitcoin. To engage in NFT investments, investors need to set up a digital wallet capable of storing cryptocurrency and connecting to the chosen marketplace. Once an NFT is purchased, investors can monitor market trends to gauge its value. If the market fluctuates or shows no growth, investors have the option to sell the NFT and potentially make a profit. Risks Involved in NFT Investments While NFT investments offer exciting prospects, it is crucial to be aware of the potential risks involved. Understanding and managing these risks is key to making informed investment decisions. Let’s explore the primary risks associated with NFT investments: Successful Adoption of NFTs in the Middle East: One region that has embraced NFTs and shown remarkable adoption is the Middle East. Entrepreneurs, investors, and influencers in the region are increasingly turning their attention

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How to Make Passive Income from NFTs: A Beginner's Guide
May 15, 2023
By: Redaccion | 0 Comments

How to Make Passive Income from NFTs: A Beginner’s Guide

What Are NFTs? NFTs, or non-fungible tokens, are unique digital assets that are based on blockchain technology. They can include anything from music, videos, and memes to artworks. Unlike fungible tokens, NFTs cannot be exchanged for another and retain their full ownership. Their uniqueness has attracted many people looking to make passive income from them. There are several ways you can make passive income from NFTs, such as renting them out, staking them, earning royalties, or lending them. However, since NFTs are highly volatile, it is essential to understand the risks involved in each method before getting involved. How to Rent Out NFTs for Passive Income One way to generate passive income from NFTs is by renting them out. To do this, you must list your asset on an NFT marketplace and set the negotiation terms, such as the lease rate and rent duration, as permitted on your smart contract or the platform you are on. Some smart contracts may also require a borrower to provide collateral before entering an agreement. NFTs with multiple use cases have more long-term profit potential than those applicable for just one purpose. Staking NFTs for Rewards: How It Works Another way to earn passive income is by staking NFTs, which requires locking your non-fungible token into an NFT staking platform to gain certain rewards. The reward for the staked NFT depends on the length of the staking period, the platform’s daily or weekly rate, and the number of NFTs staked. To begin staking, you will need a wallet to receive the reward and connect it to the platform you intend to use. Earn NFT Royalties as an Artist or Content Creator If you are an artist or content creator, you may want to know more about NFT royalties, which are the fees or percentages given to content creators each time their works are resold on NFT marketplaces. To earn NFT royalties, you need to get your work minted and register your digital asset on a blockchain network. You can set the percentage you want as interest at every secondary sale. Once your work is resold, the particular fees you’ve stipulated will be allotted to you as royalties. NFT Lending: Put Your Assets to Work Finally, you can also earn passive income by lending NFTs. Some platforms enable NFT owners to submit their assets to get loans from lenders who receive interest as rewards during the loaning period. The lending process puts you in a position where you give loans to other users, and the borrowers must present their NFTs as collateral to access the loans. The value of the NFT used as collateral will also be assessed by checking its prior performance and other factors.While there are many ways to earn passive income from NFTs, it is essential to be aware of the risks involved. NFTs are highly volatile, and their prices can fluctuate rapidly. Therefore, there is no guarantee that the NFT you are involved in will maintain its value over time. Before getting involved, it is crucial to understand the risks involved in each method and do your research.

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Mastercard Launches Second NFT Offering | Supporting Up-and-Coming Artists
May 12, 2023
By: Redaccion | 0 Comments

Mastercard Launches Second NFT Offering

Mastercard, one of the world’s largest financial services companies, has launched its second non-fungible token (NFT) offering. This comes as part of its partnership with Polygon to support up-and-coming artists through the Mastercard Artist Accelerator program. During the NFT.NYC conference, the company unveiled NFTs that provide entry to this program. The Mastercard Music Pass NFT can be redeemed by music and Web3 enthusiasts until the end of the month.  Participating Musicians in the Mastercard Artist Accelerator Program The participating musicians in this program have been announced as R&B soul singer Young Athena, Venezuelan vocalist Manu Manzu, Nigerian-based artist LeriQ, pop sensation Emily Vu, and West Indian hip-hop/pop-soul artist Cocoa Sarai. These artists will receive guidance from five experts and access to an AI-powered music studio by Warpsound.  Mastercard’s Aim: Understanding Blockchain and Digital Assets Mastercard’s aim is to help people and partners worldwide understand blockchain and digital assets better while also demonstrating how Mastercard technology can support this ecosystem. “We also believe that Web3 has the potential to powerfully connect people and build communities around shared passions,” added the Mastercard executive. Mastercard and Polygon Support Up-and-Coming Artists The NFTs are designed to give the selected artists the chance to kickstart their content creation, obtain mentorship, and acquire tips for using blockchain to monetize their work and build a fan community within the Web3 environment. This marks the company’s second NFT offering since June 2022 when it collaborated with Moonpay, Nifty Gateway, Candy Digital, The Sandbox, Immutable X, Spring, and Mintable to provide NFTs for cardholders. The Mastercard Artist Accelerator Program and Music Pass NFT In conclusion, Mastercard has launched its second NFT offering, providing entry to the Mastercard Artist Accelerator program. The Music Pass NFT can be redeemed until the end of the month. This partnership with Polygon aims to support up-and-coming artists, while Mastercard demonstrates how blockchain technology and digital assets can be used to build communities around shared passions. With more and more companies like Mastercard embracing NFTs and blockchain technology, we can expect to see even more innovative uses for NFTs in the future.

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What are 5 common, real-life uses for NFTs
May 12, 2023
By: Redaccion | 0 Comments

A Comprehensive Guide to Non-Fungible Tokens (NFTs)

Non-Fungible Tokens (NFTs) are digital assets that certify their authenticity using blockchain technology, the same technology that powers cryptocurrencies. Unlike cryptocurrencies, NFTs are unique, irreplaceable, and associated with a single digital file, which can be anything from a photograph to a tweet. Thanks to the wide variety of digital assets that can be tokenized, NFTs have created a new area of digital expression and business. In 2021 alone, they generated more than 3 billion euros in sales. How do Non-Fungible Tokens (NFTs) work? One of the main advantages of NFTs is their ability to provide self-custodianship to their owners, which means that they have full possession rights without the need for an intermediary or web server for storage. This ease of access and ownership has sparked the interest of many artists, influencers, celebrities, and companies who are now participating in the NFT market. Common Uses of Non-Fungible Tokens (NFTs): Real-Life Cases Crypto Art: Many artists have tokenized their works of art, allowing them to sell or auction digital pieces with a certificate of authenticity. This creates a way for buyers to track the price of their digital works and sell them again in the future. Fashion: Major brands have created collections of non-fungible tokens in visual art or digital accessories, even linking these unique assets to physical assets. An example of this is Tiffany’s, which launched 250 limited-edition tokens linked to Yuga Labs’ Punks cryptocurrency. Video Games: Some traditional video game companies have embraced NFTs to monetize their players’ time and give users a greater sense of ownership over their achievements. Sports: Tokenized assets have been used to prevent counterfeit tickets and fraud at sporting events, improving verification and management processes. Music: Musicians and DJs are incorporating web 3.0 music platforms to sell songs or tickets to exclusive artist communities. This has become especially important during the pandemic, which has limited live performances. Cinema: Large film companies have seen NFTs as a new source of revenue for their intellectual properties, offering investors unique digital experiences or assets in addition to the reward for their investment. In conclusion, NFTs have opened up a world of new possibilities for digital expression and business. As blockchain technology continues to evolve, we can expect to see even more uses and applications for NFTs in the future.

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How Web3 Transitions Begin with Domain Name Purchase
April 20, 2023
By: Redacción | 0 Comments

How Web3 Transitions Begin with Domain Name Purchase

Web3 domains as blockchain identities The transition from Web2 to Web3 has become a hot topic in the blockchain industry, and it often begins with a domain name purchase. Web3 domains are like blockchain identities stored in a crypto wallet as an NFT. They are essential for interacting with blockchain apps, and they can be used for website hosting, building, or receiving crypto payments. Top blockchain domain name providers for Web3 users Unstoppable Domains and Ethereum Name Service (ENS) have emerged as top blockchain domain name providers for Web3 users. As interest in the sector surges, companies have been lining up to drive Web3 utility initiatives. Domain name services have seen a jump in interest and adoption in the last year, with Unstoppable Domains alone having over 3.3 million names registered, while ENS has over 2 million. Big brands exploring Web3 and the metaverse According to Sandy Carter, COO of Unstoppable Domains, there’s no shortage of big global brands exploring Web3 and the metaverse. Nike, Starbucks, Porsche, and Build-a-Bear are among the brands that have launched their individual Web3 strategies. Carter believes that more companies will follow suit and promises an influx of industries in the space, including food services and transportation. Fashion in the metaverse: a hot trend Fashion in the metaverse has also become a hot trend, with Gucci, Prada, Ralph Lauren, Dolce & Gabbana, Burberry, Christian Dior, and Zara experimenting with Web3 technologies. They are creating unique digital assets that customers can purchase and collect. Carter expects more fashion brands to enter the space, along with other industries such as automotive, sports, technology, hospitality, and retail. Getting a Web3 domain name Getting a Web3 domain is relatively simple, with no formal industry-wide prerequisites to secure one. Once you’ve decided which service to use, look up the instructions and check if your desired address is available. Then proceed to pay. In conclusion, the Web3 transition begins with a domain name purchase, and Unstoppable Domains and ENS have become top providers. With big global brands exploring Web3 and the metaverse, more industries are expected to enter the space. Getting a Web3 domain is simple, and anyone can purchase one with ease.

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¿Qué es Web3? Entendiendo la próxima evolución de Internet
April 12, 2023
By: Redacción | 0 Comments

What is Web3? Understanding the Next Evolution of the Internet

The World Wide Web has come a long way since its inception. From Tim Berners-Lee’s creation of open, decentralized protocols that allowed information-sharing anywhere on Earth to today’s Web, which has been monopolized by large technology companies. But, with the introduction of Web3, a new era of the internet is beginning to take shape. What is Web3? Web3 is a new vision for a better internet that embraces decentralization and is built, operated, and owned by its users. It uses blockchains, cryptocurrencies, and NFTs to give power back to the users in the form of ownership. Unlike Web1, which was read-only, and Web2, which was read-write, Web3 is read-write-own, allowing users to own their digital assets in an unprecedented way. Why is Web3 important? Web3 has four core principles that guide its creation: decentralization, permissionlessness, native payments, and trustlessness. These principles allow for direct ownership of digital assets through non-fungible tokens (NFTs) and create a trustless environment that operates using incentives and economic mechanisms instead of relying on trusted third parties. Ownership Web3 gives users ownership of their digital assets in a way that was not possible before. In Web2, if a user purchased an in-game item, it was tied to their account. If the game creators deleted their account, they would lose these items. Web3 allows for direct ownership through NFTs, which no one, not even the game’s creators, can take away. And, if a user stops playing, they can sell or trade their in-game items on open markets and recoup their value. Censorship Resistance Web3 also allows for censorship resistance, which is not possible in Web2. The power dynamic between platforms and content creators in Web2 is imbalanced. For example, in August 2021, OnlyFans announced plans to ban sexually explicit content, which sparked outrage amongst creators on the platform. On Web3, a user’s data lives on the blockchain, and they can take their reputation with them if they decide to leave a platform. Conclusion Web3 is the next step in the evolution of the World Wide Web. It allows for direct ownership of digital assets and creates a trustless environment that operates using incentives and economic mechanisms. It also allows for censorship resistance, which is not possible in Web2. With Web3, the power is in the hands of individuals rather than corporations.

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