Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
Non-fungible tokens (NFTs) are famously gaining popularity in the gaming and collectible space, and is one of the latest booming areas of the crypto industry. However, the use cases for NFTs stretch far beyond gaming and collectibles. In fact, developers are creating entire virtual worlds using NFTs, and we are still very much in the early stages of adoption. Moreover, NFTs can be used in a wide variety of sectors, from the art industry to within music, fashion, and much more.
In this article, we detail some of the various ways you can use non-fungible tokens. We’ll cover some of the basics of NFTs, how they work, what they are used for, and why NFTs are becoming one of the hottest trends in crypto. As such, we answer “what are NFTs”, and detail the different types of NFTs, such as ERC-721 and ERC-1155.
If you want some backstory to the cryptocurrency industry and better understand what functions NFTs fulfill, we highly recommend you to enroll in Ivan on Tech...
The video game industry is a multi-billion dollar sector, with an estimated 65% of American adults playing games. Moreover, by 2025, the video game market is estimated to become a $300 billion industry by 2025. Out of all of these prospective gamers, the blockchain firm Enjin hopes to lasso some of these gamers from traditional gaming and bring them over to the blockchain.
So, what is Enjin? Well, in short it is a blockchain-based video game community and development platform based out of Singapore. With Enjin, users can build such things as websites, gamer dApps, and chat forums. The Enjin platform is designed specifically for the video game industry and offers its legion of gamers the chance to create communities around their favorite games.
More importantly, Enjin is taking traditional blockchain concepts to the video game space. This means that its users can tokenize virtual assets like weapons or suits of armor. Enjin accomplishes this with its ecosystem of tools that...