x
Image Source: Pixabay
Real estate leads securitized blockchain assets in 2022 — Report
89% of all traded security tokens are for real estate, suggesting that the blockchain industry may be primed for further adoption of real estate NFTs.
Nonfungible tokens (NFT) have been rising in popularity over the past few years and really skyrocketed to new heights in 2021. Some of the negative press on NFTs is that they are only used for pixelated pictures of JPEGs and have no “real world” applications. Those familiar with the blockchain and crypto space know that the use of NFTs goes way beyond pixelated apes and Shiba Inu memes.
The report goes deeper into the utilization of blockchain projects currently tokenizing real estate. The report gives a general overview of the current state of the primary tokenized real estate market, 14 active projects working in this space, and how these real estate tokens are trading on secondary markets.
The perfect application of blockchain technology:
The utilization of security tokens covers a wide variety of industries from fine art, wine and insurance, but none are growing as fast as the real estate sector, which makes up 89% of all traded security tokens. Breaking down that 89% further, residential real estate accounts for 87%, while commercial only takes up 2% of what has been transacted as a security token. The global real estate market in 2021 was around $3.38 trillion, and with the rise in different applications that make use of blockchain technology, it is no surprise that the crypto revolution would find its way into real estate. Read More
NFTs Are a ‘Profound Invention’ Says Ethereum Co-Founder Joe Lubin
The ConsenSys CEO talked up the potential impact of NFT technology—even though he’s not an NFT collector himself.
Ethereum co-founder and ConsenSys founder and CEO Joe Lubin spoke at Camp Ethereal 2022 last week.
He discussed NFTs and their potential impact, calling the technology a “profound invention” that can reshape industries.
Since exploding into the mainstream early last year, NFTs have been the buzziest thing in crypto. They’ve turned collectibles projects into burgeoning brands, pulled in celebrities and athletes, and generated $25 billion in trading volume in 2021 alone.
While Ethereum has emerged as the largest platform for NFTs by far, co-founder Joe Lubin said on stage at last week’s Camp Ethereal 2022 conference that he’s been too busy running Ethereum software incubator ConsenSys to buy his own NFT collectibles.
“People ask me what I do in DeFi and what NFTs I’m acquiring… I do like 12 hours of meetings a day,” he told Decrypt Editor-in-Chief Dan Roberts during a fireside chat. “I read about a lot of things, and I play around with the occasional transaction and people send me stuff, but I’m not super active in the NFT space.”
While he doesn’t hold large bags of NFTs, the founder and CEO of ConsenSys (which funds the editorially independent Decrypt), suggested that the creation of the technology will have an enormous impact on the world. “NFTs are a profound invention, a profound innovation in computer science,” he said,when asked for his take on the technology. Read More
Cosmos Deep-Dive: The Internet of Blockchains
Cosmos is a permissionless decentralized network of interoperable and independent blockchains that exchange tokens and information. Cosmos was established in order to overcome some of the problems that modern blockchains have. Scalability, governance, and usability are among these concerns.
Blockchains can be separated into three conceptual layers from architecture:
Application layer: It updates the state of blockchain based on the execution of transactions.
Networking Layer: It is in charge of ensuring that transactions and consensus-related messages are propagated.
Consensus Layer: It allows nodes to agree on the system's present state.
The Cosmos is a decentralized network of autonomous, scalable, and interoperable blockchains powered by the Tendermint Core Byzantine Fault-Tolerant (BFT) consensus algorithm. Cosmos is all about the multi-chain world, seamlessly communicating data and tokens between numerous sovereign blockchains. This establishes a collaborative ecosystem because no project or blockchain in the ecosystem exists to compete with others; instead, Cosmos connects them all. Read More
Polygon Studios Adds C-Suite and VP-Level Talent From Amazon, Electronic Arts, Penske Media
Less than two months after taking the reins, CEO Ryan Wyatt is adding top executives from top firms.
olygon Studios, a Web3 development company focused on Ethereum sidechain Polygon, has hired six executives from prominent tech and gaming companies like Amazon, Electronic Arts, and Riot Games.
Michael Blank from Electronic Arts is joining Polygon Studios as chief operating officer, and Young Ko is joining as chief financial officer from Penske Media, which includes among its brands Variety and Rolling Stone.
Urvit Goel and Charnjit Bansi also are joining Polygon Studios, as VP of gaming business development and VP of game design, respectively.
Goel comes from Amazon, where he worked in business development for almost a decade. Bansi worked at Mythical Games, and before that at Call of Duty developers Infinity Ward and Sledgehammer Games. Read More
Because of Solana’s POH method, it can horizontally scale the rest of the blockchain, the same way that operating systems and databases scale their software. Each Solana team member has over a decade of experience working in operating systems GPU acceleration. Compilers, networks, etc., giving them extensive and deep experience optimizing software.
Solana is based on scaling software with hardware, with the vision of building the world's largest decentralized, single chart blockchain. The only way to do that is by scaling all the core technologies with hardware.
Scaling the Blockchain in this way delivers a cheap cryptographic base for financial transfers and, more importantly, outside of finance. It is a way for Solana to build a better web experience for social media communities regarding micropayments.
Also, advertising-based revenues can be relinquished for social networks, leading communities to generate value by self-expression, creating their own content, and growing the network and the connections within the community, creating a better world for all.
Solana and its technology look favorable as the conduit to assist in making Markethive the go-to for an alternative and autonomous, censorship-free platform providing all components of social media, marketing, broadcasting, publishing, eCommerce, and business facilitation. A cottage industry economy for people from all walks of life to thrive. Read More
What is Web 3?
We explore Web 3, the next major iteration of the Internet, which promises to wrest control from the centralized corporations that today dominate the web.
The web is an unfinished project. In this article, we will look at what is, potentially, the next major iteration of the Internet; one in which users take back control from the centralized corporations that currently dominate the web.
The main reason that so many people are working hard to redesign the current Internet is because the majority of today’s most-used Internet platforms are controlled by only a handful of powerful companies, which profit from the data users generate.
Web 3 is essentially a new way for individuals to use the Internet without giving up their privacy and valuable data. Read More
PwC report calls NFTs key future revenue stream for sports industry
A new report from PwC, one of the Big Four accounting firms, has called non-fungible tokens (NFTs) “the future of digital assets in sports”.
According to the report, titled Sports Industry Outlook 2022, NFTs and digital assets will be one of the ten major trends across the industry in 2022.
PwC sees three key use cases surrounding NFTs’ “potential to shape fan experiences and boost bottom lines”.
The first and most obvious use case is collectible NFTs, which PwC describes as “trading cards for the digital world”. In the future, these collectibles could be displayable and shareable across metaverses.
By digitising traditional sports memorabilia, such as trading cards, ticket stubs, or match highlights, sports organisations can create ecosystems of limited edition digital content for their fans.
NBA Top Shot from Dapper Labs is a highly successful example of a collectible NFT series. It tokenises highlights from NBA history and ranked second behind play-to-earn game Axie Infinity for total value of NFT transactions within the blockchain gaming industry last year. Read More
$100M fund aims to support the growth of decentralized machine economy
The IoTeX Foundation will examine all DApp developers thoroughly to ensure that they effectively enable machine financialization.
IoTeX, a blockchain platform focused on the Internet of Things (IoT), has announced the launch of a $100 million sustainable ecosystem fund.
The new fund will back over 1,000 decentralized machine economy startups developing use cases for connecting more than 10 million smart devices to the MachineFi portal within the next three years.
The decentralized machine economy is a developing economy in which machines, rather than people, are the driving force behind economic growth. This new economy is powered by blockchain technology and artificial intelligence (AI), and it has the potential to create a more efficient, secure and sustainable way of doing business.
MachineFi refers to a new paradigm based on Web3 that underpins the new machine economy. Machine resources and intelligence can be monetized to provide value and ownership to individuals rather than centralized corporations. Simply put, MachineFi may be described as the financialization of machines or, more precisely, internet-connected gadgets. Read More
McLaren Enters the Metaverse through InfiniteWorld
McLaren Automotive, a British automotive manufacturer, has entered the metaverse by giving customers a new level of experience where they can mint and sell non-fungible tokens (NFTs).
Through InfiniteWorld, McLaren will showcase its luxury hypercars and supercars in the metaverse in the form of NFTs or other digital artworks.
Per the announcement:
“Holders of NFTs minted on behalf of McLaren Automotive will be able to get unique benefits, which may include, but are not limited to, exclusive and buyer-only experiences.”
InfiniteWorld is a US-based IT firm that provides Plug & Play NFT and metaverse infrastructure.
By entering the metaverse arena, users will have the chance to own McLaren-branded products irrespective of whether they can afford an automobile from the company or not.
The metaverse continues to gain steam in the modern era because it entails shared virtual worlds where avatars, buildings, land, and even names can be bought and sold, often using NFTs. For instance, Italian luxury car manufacturer Lamborghini launched its NFT collection earlier this year to cement its foothold in the emerging digital art world. 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.
