Blockchain and Crypto Blog

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Blockchain and NFTs in the Art Industry

Written By Ivan on Tech

Mar 14, 2021

Crypto art has been a relatively big talking point in 2021. The coming together of art and blockchain is still a relatively novel concept to many. However, blockchain art is quickly becoming one of the most exciting areas of the crypto industry. The proliferation of art NFTs has introduced a wave of new artists creating digitally verifiable art NFTs. Furthermore, this includes works from emerging artists, crypto natives, and traditional artists alike!

Non-fungible tokens as art on the blockchain have seen an explosion in popularity in recent months. Furthermore, crypto art is making the headlines in mainstream media outlets such as the New York Times! This is introducing a huge new audience to the concept of blockchain technology and the innovations that have arisen as a result. 

In this article, we’re going to explore the world of non-fungible tokens (NFTs) and blockchain art. We’ll also discover the different types of art on the blockchain. Plus, we’ll...

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What is EIP-1559 and Will Ethereum Go Deflationary With It?

Written By Ivan on Tech

Mar 13, 2021

EIP-1559 could offer some good news for those longing to see improvements to Ethereum's user experience and the current gas fee system. This proposal has recently been accepted into Ethereum’s London network upgrade scheduled to come to the mainnet this summer. This upgrade is now being intensely debated following its recent inclusion in the London fork, even though it has been over two years since EIP-1559's initial proposal.

EIP-1559 is essentially a proposal to change Ethereum's fee structure. But it's also known as "Ethereum's scarcity engine" or "ETH's burn mechanism." The Ethereum faithful should be excited by this since burning ETH will increase the asset's scarcity. 

Burning, however, is only one of its positives. With Ethereum's Berlin hard fork scheduled for April and the London fork to follow three months later, doing the math tells us that EIP-1559 should kick off in July.

A lot of news headlines have indicated that Ethereum will “go deflationary”...

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Blockchain Use Cases in the Sports and eSports Industry

Written By Ivan on Tech

Mar 12, 2021

Blockchain-based sports betting has been a catalyst for the widespread adoption and use of crypto and blockchain in sports and esports. Now, with professional athletes being paid in Bitcoin, top-tier endorsements, sponsorships, and fan incentive initiatives, blockchain technology in the sports industry is beginning to thrive. Though this may not be obvious to all, soon, blockchain could play a major role in sports, entertainment, and esports. The number of blockchain use cases in esports has skyrocketed in recent months. Furthermore, this looks set to continue as mainstream crypto adoption grows exponentially sector-wide! 

In this article, we’re going to explore the many different blockchain use cases in esports, traditional sports, players, and fans. Additionally, we’ll take a look at how the introduction of blockchain technology in sports organizations can increase efficiency with timing and funding. Alongside this, we’ll explore what the future may hold for...

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What is Nord Finance and the NORD Token?

Written By Ivan on Tech

Mar 11, 2021

There are hundreds of new decentralized finance (DeFi) applications popping up, with new utility tokens, crypto launchpads, and non-fungible tokens (NFTs) among some of the most popular trends in 2021 so far. Nord Finance is focusing on creating additional utility and profitability to stablecoins, a seemingly less exciting form of digital assets compared to their more volatile cryptocurrency counterparts. Nevertheless, stablecoins play a vital role in the cryptocurrency infrastructure and are often a key part of any crypto investment portfolio. The Nord Finance ecosystem and its native NORD token are allowing users to stake, farm, and earn high interest on a range of stablecoins. Moreover, this is achieved by minimizing risk whilst maximizing rewards. 

In this article, we’re going to dive deep into the Nord Finance ecosystem and discover the services on offer. Moreover, we’ll discuss the function and utility of the NORD token, and how users can earn over 100%...

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What is Chiliz, Socios, and the CHZ Token?

Written By Ivan on Tech

Mar 10, 2021

Chiliz brands itself as a leading international fintech provider in the sports-entertainment business. In fact, Chiliz developed and built the sports fan engagement platform “Socios” on the Chiliz blockchain, with the native Chiliz token (CHZ) used as the exclusive currency. The platform was developed to create unique experiences for sports fans and monetize fan engagement using blockchain technology. Several high-profile football teams, sports companies, and athletes are involved with the project. This includes the likes of Juventus, AC Milan, and the Ultimate Fighting Championship (UFC)! By partnering with the biggest names in sports entertainment, Chiliz is exposing an unprecedented number of potential new users to crypto!

In this article, we’re going to explore the Chiliz blockchain and the Socios.com platform. Also, we’re going to look at the Chiliz token (CHZ) and the role it plays across the Chiliz ecosystem. Furthermore, we’re going to look at...

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Exploring NFTs - What is Nifty Gateway?

Written By Ivan on Tech

Mar 09, 2021

Nifty Gateway is a self-described "premier marketplace for Nifties." "Nifties" stands for "NFTs," which stands for "non-fungible tokens." There are fungible tokens and non-fungible tokens in the world of crypto, but we won't be explaining their differences in this article. If you want to deep dive into that, first read a brief introduction to the NFT asset class, such as our article "Non-Fungible Tokens - Could NFTs Supercharge The DeFi Sector?"

For today's article, understand that NFT's are unique digital assets that represent things like digital art or in-game collectibles. By tokenizing works of art with NFTs, artists can assure collectors that each piece is unique and that the blockchain manages ownership.

If you want to get into the crypto sector and learn more about either crypto, NFTs, or blockchain technology in general, be sure to enroll in Ivan on Tech Academy! Join over 30,000 existing students at one of the premier blockchain academies anywhere in the world.

A...

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What is Ethernity Chain and the ERN Token?

Written By Ivan on Tech

Mar 08, 2021

Although many people in the crypto space are yet to fully appreciate the value proposition of non-fungible tokens (NFTs), the industry has exploded in recent months. With endorsements from major sports teams and celebrity collaborations, the NFT space is thriving. There is no shortage of NFT marketplaces and digital art creators. Ethernity Chain is developing a community-centric platform for digital artists to create limited edition NFT lines. Also, Ethernity Chain is combining Authenticated NFTs (ANFTs) with decentralized finance (DeFi) to bring new hybrid utility to crypto! The platform is also keen to participate in community incentives, with the recent lottery showing enormous interest. Powered by the native Ethernity Chain token (ERN), Ethernity Chain allows artists to give back by donating a share of their earnings to charity. 

The project launched in true fashion, with legendary UFC announcer Bruce Buffer introducing the countdown with the announcement of his own...

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DeFi Deep Dive - What is Instadapp?

Written By Ivan on Tech

Mar 08, 2021

The decentralized finance (DeFi) sector is arguably hotter than ever, and has grown at a tremendous rate in the past year. In fact, the DeFi industry has grown from around $1 billion in Total Value Locked (TVL) in March of 2020, to around $38 billion as of today, according to DeFi Pulse. This highlights how the DeFi industry is one of the hottest trends in crypto and how money is pouring into the sector. Not only has the amount of money locked in DeFi projects increased, so has also the number of decentralized applications and solutions. However, the sheer number of various alternatives creates problems for users, as functionality becomes spread out across many different platforms. To make the users’ lives easier, we have been provided with a solution in the form of Instadapp. 

When navigating the regular financial world, users can perform most of the functions from their regular banks. This means that there is one single platform that provides various important...

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Exploring Smart Contract Blockchains in 2021

Written By Ivan on Tech

Mar 06, 2021

As transaction fees on the Ethereum Network push new highs, the competition between smart contract-enabled blockchains is heating up. Ethereum has long been the go-to platform for decentralized applications (dApps). The network effect of Ethereum and Ethereum-based dApps has been a catalyst in creating an environment where developers can program money in innovative new ways. Without the success of Ethereum over the years, the demand for smart contract-enabled blockchains would likely be substantially lower. However, several new projects, including those established by founding members of the Ethereum team, have created compelling alternatives to the number one decentralized finance (DeFi) blockchain. Blockchain-based smart contract platforms are becoming fiercely competitive in their adoption and utility. But, what are the differences between these blockchains and smart contract development platforms?

In this article, we’re going to discuss some of the most popular smart...

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The Ultimate 2021 Guide to NFT Marketplaces

Written By Ivan on Tech

Mar 05, 2021

Non-fungible tokens (NFTs) have seen an immense surge in interest and trading volume over the past few months. Various celebrities have begun promoting different new NFT products, and recently, an artist is even selling their latest album constructed of 10 NFTs. In addition to celebrity collectibles and album downloads, NFTs can come in many different shapes and forms. Consequently, as a natural technological progression, a growing number of NFT marketplaces are emerging as a space to buy, trade, and sell the different types of unique digital assets available. This is why we've compiled this ultimate 2021 guide to NFT marketplaces!

In this article, we’re going to explore different popular NFT marketplaces and the digital assets they offer. Moreover, we’ll discover what makes each platform unique, and how NFT marketplaces will be used as everyday platforms in the future. 

If you want to learn how to avoid scams and purchase and store your crypto safely, be sure to...

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