Bitcoin and other cryptocurrencies set out to upend the financial order and replace conventional money. Bitcoin has certainly disrupted the global financial system, but can it ever live up to the hype?
How Soil Could Be An Untapped Source Of Electricity
Bioo is generating electricity from the organic matter in soil and creating biological batteries to power agricultural sensors, a growing $1.36 billion global market. Eventually, Bioo envisions a future where biology could help to power our largest cities.
What is an NFT? Explained in 4 minutes!
NFT’s are an innovation in the blockchain/cryptocurrency space that allows you to track who owns a particular item. Something tricky with digital files because they can easily be copied. NFT’s are essentially smart contracts that live on blockchains like Ethereum, Flow, or Tezos. They can also be programmed to give the creator a royalty of every sale of his NFT.
What Are NFTs and How Can They Be Used in Decentralized Finance? DEFI Explained
NFTs stand for non-fungible tokens and they are one of the types of cryptographic tokens that can represent ownership of digitally scarce goods such as pieces of art or collectibles.
“Non-fungible” is not a very popular word so let’s see what it really means.
In economics, fungibility is the characteristic of goods or commodities where each individual unit is interchangeable and indistinguishable from each other.
Although NFTs can be implemented on any blockchain that supports smart contract programming, the most noticeable examples are ERC-721 and ERC-1155 standards on Ethereum.
When it comes to DeFi, NFTs can unlock even more potential for decentralized finance. Currently in DeFi, the vast majority of DeFi lending protocols are collateralized. One of the most interesting ideas is to use NFTs as collateral. This means that now you’d be able to supply an NFT representing a piece of art, digital land or even a tokenised real estate, as collateral and borrow money against it.
Quantum Computers, Explained With Quantum Physics
Quantum computers aren’t the next generation of supercomputers—they’re something else entirely. Before we can even begin to talk about their potential applications, we need to understand the fundamental physics that drives the theory of quantum computing. (Featuring Scott Aaronson, John Preskill, and Dorit Aharonov.) For more, read “Why Quantum Computers Are So Hard to Explain”
Why the Global Chip Shortage Is Hard to Overcome | WSJ
A global chip shortage is affecting how quickly we can drive a car off the lot or buy a new laptop. WSJ visits a fabrication plant in Singapore to see the complex process of chip making and how one manufacturer is trying to overcome the shortage.
What is an NFT? (Crypto Beginners)
So I’m going to describe what an NFT is in the most basic terms as I can.
NFT stands for Non Fungible Token.
Fungible means something is able to be exchanged or substituted and will hold the same value. It’s interchangeable like the dollar, gold, casino chips, bitcoin, ethereum or frequent flyer loyalty points.
If I lend you 10 dollars cash and you return to me two 5 dollar bank notes, I’m fine with that because even though they are different, they hold the same total value.
So non-fungile obviously means it’s an asset that can’t be substituted. It has unique attributes that makes it different from something else in the same asset class. Like a painting, a theatre ticket, a house, a video game skin, a trademark or a CryptoKitty which was the first real use case to take off on the Ethereum blockchain in 2017.
Some of these assets are physical and tangible and others are digital and intangible.
So NFTs are non-fungible tokens. ‘Token’ refers to a digital certificate stored on a secure distributed database called a blockchain.
NFTs are digital assets. Publicly verifiable intellectual property authenticated on a blockchain.
A popular place to currently browse a variety of NFTs is on http://OpenSea.io
It’s an exciting space, I believe the NFT space will continue to grow in the coming years with some popular use cases being: Digital Art, Virtual Land, Gaming, Collectibles, Finance and much more.
I thought this was worth explaining because I think we’ll be talking a lot more about this in the coming years.
If you’re also interested about the future of art and design like I am then come follow me on my channels.
The Early Signs of NFTs Say They Will Be Way More Than “Just Art”
Non-fungible tokens have only just started. All these different art pieces and graphic designs selling on the blockchain is really just the beginning of what this technology will be able to do for us in the future. I sat down with Jacob Willemsma & Liam Horne of “NFT Hack” to talk about where I see this technology heading, the signs from other disruports that are apparent with NFTs, what industries will adopt by the technology, and more!
GaryVee and Mark Cuban on How History Has Already Proven That NFTs Are Here To Stay
During a recent episode of “Marketing For The Now”, Gary Vaynerchuk and Mark Cuban sat down to talk about their long history with innovative technology, how they remember it is initially received by the public and the similar patterns they are seeing with the introduction of NFTs (non-fungible tokens) and Web 3.0.
How Small Is An Atom? Spoiler: Very Small.
Atoms are very weird. Wrapping your head around exactly how weird, is close to impossible – how can you describe something that is SO removed from humans experience? But then again, they kind of make up everything, so let us try anyways.