Blockchain technology is characterized by its core characteristics: decentralization, transparency, immutability, and automation. These characteristics can be applied in many industries, creating various use cases. According to the latest market study, the global Blockchain market is expected to grow at a CAGR of 67.3% to reach a value of US$…

Non-fungible tokens have existed for years, but their use cases and application became mainstream in the past year. According to the statistics presented by Chain analysis, the NFT market capital has climbed by $40 billion. …

NFT marketplaces developed on the Polkadot parachain are capable of processing cross-chain transactions. Polkadot facilitates and enhances the interoperability of the NFT marketplace built on its ecosystem. …

NFTs seem to be the new trending buzzword of this decade. According to Chainalysis, about $41 billion worth of crypto in 2021 was spent on NFT marketplaces. A report by Dune Analytics, 2022, shows that NFT lending and borrowing are steadily growing. As the NFT is taking the world by…

As popularity for Non-Fungible Tokens (NFT) continue to rise, let’s talk about decentralized autonomous organisations (DAO). — With more people getting involved in NFT trading, their purpose for creating and holding non-fungible tokens will vary, beyond just earning money or staking the NFTs for passive income. NFT holders are making millions of money selling JPEG images, video clips, GIFs and other digital arts in the form of…

The evolution of the blockchain is essential to allow the creation of improved, more efficient, and innovation-rich blockchain protocols. Let’s look back to the origin of blockchain with Bitcoin and compare it with the third-generation blockchains. We realize the considerable changes that blockchain technology has experienced so far. For instance…

For the past few weeks, I have been researching the Web3 phenomenon. I noticed that there seems to be a lot of confusion over the differences between Web3 (the decentralized and blockchain-based Web) and Web 3.0, which is Tim Berners Lee’s vision of a linked or semantic web. Web3 and…

Non-fungible tokens have existed for years, but their use cases and application became mainstream in the past year. According to the statistics presented by Chain analysis, the NFT market capital ras climbed by $40 billion. …

Polkadot is an interoperability project that has been developed to unite all the blockchains. Polkadot’s unique multichain structure allows both private and public blockchains to communicate with one another. So, Polkadot may be considered a revolutionary innovation because it acts as that connecting link between different blockchains. …