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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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Explaining OpenSea - What is OpenSea and How Is It Used?

Written By Ivan on Tech

Feb 20, 2021

OpenSea is a decentralized non-fungible token (NFT) marketplace for buying, selling, and trading NFTs. In fact, OpenSea brands itself as the biggest marketplace for digital goods. As such, it’s worth taking a closer look at OpenSea and what the platform adds to trading NFTs. Moreover, this article explains how to use OpenSea, as well as what NFTs are. The difference between fungible tokens and NFTs is that they have unique characteristics and identifiers and are not interchangeable. Another way to think of them is that NFTs represent things, not currencies.

The first decentralized NFT marketplace was OpenSea, founded in January 2018. So, you can see how new NFT marketplaces are. Founders Alex Atallah and Devin Finzer decided the ecosystem was ready for an NFT marketplace after seeing CryptoKitties in action. 

Since then, OpenSea has experienced significant growth, as have NFTs in general. Some big-name players like Mark Cuban, Gary Vaynerchuk, and Chamath Palihapitiya...

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Non-Fungible Tokens - Explaining NFTs, ERC-721 and ERC-1155

Written By Ivan on Tech

Nov 05, 2020

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...

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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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Blockchain in the Music and Art Industry

Written By Ivan on Tech

Oct 02, 2020

Blockchain is arguably starting to make it into the mainstream. The banking sector has embraced blockchain technology with open arms, and the logistics sector and even the administrative industry are beginning to follow suit. As such, people are now looking elsewhere for the next big thing. Some of the most interesting up and coming industries for blockchain use cases are the music and art sectors.

NFTs, or non-fungible tokens, have been rising to prominence in recent weeks, with many influencers and experts in the industry believing that the combination of blockchain with the art industry, and thanks to recent innovations, blockchain in the music industry could be a game-changer and a welcomer for mass adoption of crypto.

In this article, we will cover why blockchain technology has the capabilities of radically changing the global cultural and arts sector for the better while saving billions in fraudulent and counterfeit claims. The stereotypical anecdote of the starving artist may...

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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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Blockchain Gaming - Explaining Blockchain and Crypto Gaming

Written By Ivan on Tech

Sep 18, 2020

Gaming could be one of the biggest industries cryptocurrencies and blockchain technology looks to disrupt. The blockchain gaming industry has been quietly simmering for the past couple of years, following a huge influx of users that congested the Ethereum network in 2017. However, with recent developments, projects, and partnerships, blockchain in gaming is beginning to show signs of making a comeback, appealing to a bigger audience than ever before.

Digital assets, collectibles, and non-fungible tokens have come a long way in recent years, with more complex use cases and higher utility on exciting new platforms.

In this article, we’ll take a look at some of the tools used to create these digital worlds and explore some of the ways that blockchain is revolutionizing the online experience by bringing decentralization to the gaming industry with the power of blockchain technology and cryptocurrency.

If you are looking for even more details relating to blockchain gaming, Ivan on...

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Definition and Use Cases of Non-Fungible Tokens (NFT)

Written By Ivan on Tech

Aug 24, 2020

There appears to be an ever-increasing amount of information to learn about the various blockchain ecosystems. One of the terms that has recently seen an upswing in interest surrounding NFTs. NFTs (Non-Fungible Tokens) are becoming more established as the crypto sector heats up in what many hope will constitute a 2020 - 2021 bull run. So, what are NFTs?

In properly answering that question, however, we need to take a closer look at what non-fungible tokens, or NFTs, offer. Specifically, NFTs are bringing valuable assets to the blockchain through a wide array of industries including gaming, art, fashion, and real estate.

In this article, we’ll explore some of the key use cases for non-fungible tokens. We’ll also look at some of the latest token standards, how they are implemented, and what gives them value. First and foremost, however, we need to take a look at what blockchain technology actually is.

What is Blockchain Technology?

You may be familiar with blockchain...

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