Cardano ( ADA ) continues to gain prominence in the non-fungible token ( NFT ) space after making network upgrades to accommodate the sector. In this line, the network is attracting more NFT projects that are hitting a new milestone. As of September 8, the network had almost 7,000 NFT projects with 15 marketplaces that
Image: Shutterstock / Built In NFT stands for “non-fungible token.” Now, if that phrase confuses you, trust me: You’re not alone. The world of technology is sometimes obsessed with unnecessarily complicated acronyms and terms. So, for the moment, let’s just use the term “ unique digital artwork ” instead. In simple terms, an NFT is
The French blockchain startup Sorare partnered with the NBA and the NBA Players’ Association to launch the first of its kind NFT fantasy basketball game . While digital card fantasy games in sports are nothing new, digital cards powered by NFTs are taking fantasy sports games to a whole new level. Get ready to #OwnYourGame
On the 8th of September, the number of Solana (SOL) transactions are approaching 100 billion. Once named the Ethereum killer, the Solana blockchain had a rough patch this year related to its blockchain efficiency. According to Solana’s blockchain explorer , the network has processed 96 billion transactions. It is currently processing an average of 2,470
The Brooklyn Zoo, once sung about by Ol’ Dirty Bastard , one of the founding members of legendary Hip Hop collective Wu Tang Clan, these days might be full of tigers. Method Man, another well-known member of the crew, announced the Wu Tiger Clan NFT collection on Coinbase NFT. The @WuTigerClan is the only big
Blockchain development is one of the hottest career paths within the Web3 jobs market in 2022. For the uninitiated, a blockchain is a decentralised, distributed database used to store and organise information digitally. While blockchains have a range of applications, they are widely known as the core technology behind crypto and NFTs. With their increased
Web 2.0 games or traditional games have long been the only form of entertainment in the gaming space. Popularized with the development of computers in the 80s, and the internet at the turn of the century, traditional video games available through PC, consoles, mobile phone, and other venues have amassed billions of users worldwide. Fast
The blockchain isn’t just cryptocurrency, and Market Research Future says it’s growing quickly. Image: denisismagilov/Adobe Stock In 2023, the Web3.0 blockchain technology sector will be worth more than six trillion dollars, according to Market Research Future , and Web3.0 will continue to grow at a CAGR of 44.6% from 2023 to 2030. Because Web3.0 relies
Crypto mining creates ordinary income equal to the fair market value of the cryptocurrency on the day received — any subsequent change in value causes capital gain or loss when the miner sells the crypto If you use multiple exchanges or wallets and commonly transfer assets between these various platforms, the tax information you get
Over the last couple of years, games using blockchain technology have been actively developing and attracting new players, and the decentralized games market — broadly referred to as GameFi — has gained great popularity. The GameFi industry started back in 2013, and since then, the sphere has been slowly developing, but in 2021 the popularity
