Are you wondering what a Smart Contract is? Well, a smart contract is an agreement between multiple people who agree that a piece of code will be executed if certain conditions are met. Right now, I know of 4 main use cases for Smart Contracts, and they are:
1) Flash Loans
2) Insurance
3) Token Switching (Decentralized Exchanges)
4) Buying and Selling real world representations
Watch our animated video on Smart Contracts to understand how each of these examples currently work and what their potentials are in the future!
NFTs have been taking over the art world. And at the center of the $17 billion NFT market is a company called OpenSea.
OpenSea is the Amazon of NFTs, or non-fungible tokens. It’s an online marketplace that allows people to easily create, sell and buy NFTs. It’s one of the largest NFT trading platforms with more than 1.5 million active users, according to Dune Analytics.
This past January was OpenSea’s busiest month yet. It recorded a monthly trading volume of nearly $5 billion, surpassing its previous high in August of 2021.
Alongside that explosive growth, however, the platform also has faced scrutiny for user complaints on the platform related to scams and plagiarism. Crypto-related crime soared nearly 79 percent in 2021 year over year, according to data from Chainalysis.
“We’ve been looking at market manipulation, wash trading and plagiarism and then your run-of-the-mill phishing scam, which is also something that has been coming into the NFT space,” Kim Grauer, director of research at Chainalysis, told CNBC. “So, we do see that kind of connection with scamming in the overall market activity.”
In an email to CNBC, an OpenSea spokesperson said: “We prioritize the trust and safety of all people on OpenSea, and are working hard to make sure that creators, buyers, and sellers alike feel supported by our policies, tools, and service.”
Competition in the NFT space has also been heating up as regulators pay more attention to the crypto industry. So what’s next for the world’s largest NFT marketplace? Watch the video above to learn more about the rise of OpenSea and what it could mean for the growing NFT industry.
Electric vehicles have long been seen as crucial to moving the U.S. economy away from fossil fuels: Many Americans are too car-addicted to abandon their personal vehicles, and the country is too tethered to its highways and suburbs to make a quick switch to a full-scale European-style public transportation system. (Sorry, mass-transit advocates.) A fleet of EVs, running on clean electricity, could help slash the 28 percent of U.S. emissions that come from transportation. But often, possible EV buyers are understandably scared off by the higher sticker price. But what about over the lifetime of a vehicle? Shannon Osaka digs into this tricky question.
If you’re curious about our methodology, we used a 2020 report from Consumer Reports, showing the difference in lifetime fueling costs of Crossovers/SUVs ($11,200) and maintenance ($4,600) for all models.
Algorand Foundation CEO Staci Warden speaks with Bloomberg’s Emily Chang and Sonali Basak about the environmental impact of cryptocurrency and using blockchain technology to offset carbon emissions.
Knowing the basics of market cap and tokenomics is so important to help you become a better investor in crypto. In this Video, You’ll learn What Tokenomics is? What are different types of tokens and much more!!
What if AI companion systems become so believable, humans begin to treat them as a shoulder to lean on? This has already began to happen and in this episode, we take a deep dive to investigate.
Because of the intermittency of renewable energy like wind and solar power, storing large amounts of electricity is a necessity for the decarbonization of our energy system. However, we still don’t have enough batteries to compensate for renewable energy slumps across the planet. When thinking about the biggest utility-scale energy storage installations, a huge cylindrical lithium ion battery powered light bulb may go off in your head. But what if I told you the world’s largest battery taps into water rather than lithium? Can an old technology, even one still learning new tricks, be the answer? Let’s see if we can come to a decision on this.
How do we survive the 21st Century? Well, the latest IPCC report suggests we’ll do it by making unprecedented and totally radical changes in the next eight years. And even then we’ll need to suck billions of tons of CO2 back out of our atmosphere for decades. They reckon it can be done. But are they right?
I have looked at A.i (artificial intelligence) on this channel before. We have looked at how it may be taking over the graphic design world, and how it might be taking a lot of designer jobs. It isn’t necessarily a ‘bad’ thing however, as many designers think there will always been a need for human created designs, and also there will be the need for humans to see over A.i software. But today I have 5 examples of how artificial intelligence is in fact changing the graphic design and creative space.
