Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

decentralized finance defi nft nfts non-fungible tokens

Non-Fungible Tokens - Could NFTs Supercharge The DeFi Sector?

Written By Ivan on Tech

Oct 03, 2020

With some of the Yield Farming profits dropping and the most intense DeFi hysteria waning, another digital asset has been gaining traction that may be able to kickstart the blockchain space: namely, non-fungible tokens (NFTs). Non-fungible tokens could be the future of music and art, gaming, and even real estate. But, since the terms “fungible” and “non-fungible” can be somewhat confusing, let’s dig into what it all means.

Fungible Assets

Fungibility is a concept that applies to real-world assets and digital ones as well. Specifically, fungibility is an asset’s ability to hold a standardized value. So, a currency is a fungible asset because its value is equal and standardized. That means, a $10 bill, and a Bitcoin are both fungible assets. That’s because a $10 bill is worth the same as any other $10 bill. And it’s the same with one Bitcoin. There is no specific history in the life of either asset that will change its value with regards...

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What is Rarible - The Ultimate Guide to Rarible and RARI

Written By Ivan on Tech

Sep 24, 2020

If you are an avid follower of the crypto and altcoin market, odds are you have heard of Rarible. Rarible brands itself as the world’s first “community-owned NFT marketplace”. Furthermore, Rarible leverages its RARI token - which, similarly, is the world’s first governance token in the NFT field - to power this community-run platform model. In giving users a token with governance powers, Rarible is borrowing a page from the DeFi playbook. Now it remains to be seen whether this strategy will work in the NFT space as well.  

Furthermore, those keeping an eye on the price charts will likely know Rarible as the RARI token price has shot up nearly tenfold during the past two months. As always, violent price swings are not necessarily indicative of crypto projects with a lot of potential. 

Hype, FOMO or even outright price manipulation are always something traders should keep in mind. Moreover, this article should only be seen as educational material...

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