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5 ways to monetize your digital art with NFTs
Monetizing digital art with NFTs provides proof of ownership, increased value and potential for royalties.
Nonfungible tokens (NFTs) offer a new way to sell and distribute digital art, and they have the potential to unlock new revenue streams for artists in the digital age. Here are five ways to monetize your digital art with NFTs.
Fractionalized ownership: This involves splitting the ownership of an artwork into smaller parts and selling them as tokens, allowing multiple investors to own a stake in the artwork. For example, an artist can create 100 tokens for a piece of art and sell them to 100 different buyers, each of whom owns a share of the artwork.
Dynamic NFTs are a type of NFT that changes over time, creating a unique and evolving experience for the owner. Dynamic NFTs can use external data sources to update the artwork, such as social media feeds or actual occurrences. Read More
Here’s why crypto companies need to focus on embedded finance
Personalized offers, financing loans, insurance, seamless payment and preferred payment mode were key features that came out as top priorities for customers.
A new study by Decta highlighted the importance of embedded finance features in today’s fintech world. With online shopping and digital payments becoming a norm, the study pointed toward some key drivers for a seamless customer experience.
Embedded finance is a new type of software distribution that works with financial infrastructure providers to include financial services in the ecosystems of already-existing products. The most common embedded finance offerings include banking, lending, insurance, payments and branded credit cards.
According to the study, quick payments and the availability of a selected payment option are the most crucial elements for a satisfying online buying experience. The lack of a preferred payment option or friction during the checkout process is the main reason for a bad shopping experience, with nearly 49% of respondents stating they would probably stop shopping if they ran into these issues.
Personalized offers became one of the key features in embedded finance, which is valued and can be enhanced by focusing on different demographics. For example, 54% of Americans preferred integrated add-ons like financing and insurance. Generation X participants were most satisfied with personal offers, while Gen-Z and Baby Boomer participants gave the offers they got a lower rating. Read More
What is a supernet, and how does it work?
A supernet or umbrella network combines multiple smaller networks or blockchains into one larger network.
Supernets enable communication among distinct blockchain networks, considerably improving the usefulness of the overall system by enabling the transfer of assets and data among different blockchains.
Furthermore, shared infrastructure and resources can be made possible by interconnected networks, which can lower costs and boost overall effectiveness. By making assets accessible across numerous networks, they can significantly improve their liquidity, which will raise the assets’ value.
This article will discuss the concept of a supernet, how to implement supernetting, the advantages and disadvantages of supernetting, and how it’s different from a subnet. Read More
Blockchain Security – A Delicate Balance Between Keeping Hackers Out and Letting Users In
Originally created to support Bitcoin, blockchain technology is becoming more popular as people discover its uses beyond cryptocurrencies. One study found that 81 of the 100 largest companies in the world are actively pursuing blockchain-related solutions. In light of this newfound popularity, concerns over blockchain security arise.
So, let’s explore blockchain security and how it works, as well as some practical examples. But before we start, let’s all take a moment to appreciate the irony of blockchain security being questioned when it was created to provide more security in the first place.
As someone who has been involved with Web 2.0 and Web 3.0 development for years, I know security is never taken lightly. Keeping your product secure without compromising its usability is another challenge – much like keeping your house safe without locking the door.
Understanding blockchain security requires grasping the key security attributes of a blockchain network. To put it another way, what are the main focus points when it comes to making sure that a blockchain network is secure? Read More
A democratic society values a free-flowing media ecosystem. A healthy media ecosystem is one of the characteristics of a democratic society. Mass media outlets such as newspapers and cable TV networks were prominent in the past. Today, the internet and social media platforms allow for greater communication across society.
Journalism, investigative correspondents, and even freelance writers are essential to that ecosystem. High-quality reporting revealing brutal truths and users' scope and exposure on social media to either create or access information are forces that can drive genuine societal change. And even keep the power structures in check.
Despite the positive aspects mentioned above, harmful practices and negative external forces related to the media ecosystem often eclipse them. These issues are usually easy to recognize once they’re identified. Therefore, it is important to acknowledge them and spread awareness about their potential risks.
Doing so will help you make informed decisions about how you use media and how it can impact your life and the lives of others. The following are a few issues pervasive in many digital news sites, forums, and social media platforms. Read More
Markethive Media has embraced blockchain technology and cryptocurrency, building an ecosystem that belongs to “we the people,” eliminating many of the issues plagued by media outlets today. With its meritocratic culture, dynamic social media interface, and growing community, Markethive is enhancing and bringing the platform into the future internet with new technology and interfaces, but still in keeping with the human touch.
DAOs and Don’ts – The Underlying DAO Problem and a Solution
DAOs (decentralized autonomous organizations) are fantastic for driving products forward with unique community involvement.
They provide a governance model that enables DeFi projects to fully involve their ecosystems in decision-making and help direct their future. They facilitate easy on-chain governance, neatly delivered by blockchain and smart contract technology.
With more than 10,000 DAOs estimated to be in operation, the model is now well-adopted by the industry. There is presently $12 billion locked up in treasuries, and more than six million governance token holders have been issued. Promising numbers.
All of this gives testament to the industry’s adherence to its founding ethos of decentralization. Read More
Unknown Sources Target Crypto Investors with Malicious Computer Programs
Software specifically developed to remove malicious software Malwarebytes found two new varieties of malicious computer programs that are targeting bitcoin investors in desktop settings in an aggressive manner. These malware are of the spyware and adware kind. Malwarebytes was able to uncover these malicious programs, which are being distributed by unknown sources.
The findings of the threat intelligence research team at Cisco Talos indicate that the two malicious files in question, the MortalKombat ransomware and the Laplas Clipper malware threats, have been actively scouring the Internet since December 2022 in search of unsuspecting investors to rob of their cryptocurrency holdings. The threats in question are the MortalKombat ransomware and the Laplas Clipper malware threats. As can be seen in the table that follows, the majority of individuals whose lives have been altered as a result of this campaign reside in the United States of America. On the other hand, a much lower number of persons in the United Kingdom, Turkey, and the Philippines have been impacted. Read More
Coder Brings Ordinals to Litecoin as Bitcoin Inscriptions Surpass 154K
The race to bring NFTs to more proof-of-work blockchains is on, as Ordinals inscriptions were introduced to Litecoin.
Ordinal Inscriptions and the ability to mint content other than transactions on the Bitcoin network have taken the blockchain by storm, with over 154,000 inscriptions created to date, according to Dune analytics. Now, a developer has adapted the Ordinals project for rival proof-of-work blockchain Litecoin.
Launched in 2011, Litecoin is a peer-to-peer cryptocurrency designed to be quicker at processing transactions than Bitcoin. Litecoin was created by Charlie Lee, a former Google employee, who sold all of his Litecoin in 2017 to avoid potential conflicts of interest.
The quest to bring Ordinals to the Litecoin blockchain began on February 10, when a pseudonymous Twitter user, Indigo Nakamoto, offered 5 LTC (around $500) to anyone who could port Ordinals to Litecoin. Read More
Modular blockchains could be the next hot crypto market trend in 2023
As the crypto industry recovers, a new generation of modular blockchains could replace centralized bridges and exchanges.
The public blockchain sector grew from less than a few million dollars in the last decade to a $1 trillion industry. However, one thing that the space has yet to achieve is a decentralized, secure interoperable solution.
Let’s take going from Ethereum to Bitcoin, the largest blockchain network, as an example. Historically, centralized exchanges have been one of the few safe, viable solutions for shifting from one chain to another.
BitGo, a centralized solution provider, provides the largest pool of liquidity for Ethereum users to gain Bitcoin exposure via Wrapped Bitcoin (WBTC). The BitGo IOU accounts for over 93.6% of the Bitcoin bridged to Ethereum. Users must rely on BitGo partner platforms like centralized exchanges or CoinList to exchange BTC and WBTC.
The dominance of WBTC exposes it to evident centralization and regulatory risks. RenBTC, a platform managed by Alameda Research, dissolved in December 2022 after FTX’s collapse, and the same might happen with BitGo. The recent regulatory crackdown on Paxos for issuing the U.S. dollar-backed Binance USD stablecoin could also eventually bring services like BitGo into the U.S. Securities and Exchange Commission’s crosshairs.
The interoperability between smart contract platforms and other application-specific blockchains must also be developed. Sidechains and rollups on Polygon, Arbitrum and Optimism comprise 90% of the cross-chain bridge volume from Ethereum. Near’s Rainbow and Fantom bridges are the only independent blockchains with a notable total value locked on bridges with Ethereum. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
