What is NFT Staking? NFT staking refers to locking up NFTs on a platform or protocol to earn rewards and other privileges. This allows NFT holders to put their idle assets to work without having to sell them.Staking an NFT works like staking cryptocurrency; all you need is a wallet. That said, not all…

The recent bank run that occurred at the FTX, the world’s second-largest exchange, brought the crypto industry to a standstill. FTX used the company’s assets without disclosure, mixing user funds with counter-parties and trading them without explicit consent. The day before the collapse, FTX only maintained $1 billion in liquid…

A non-fungible token (NFT) is a type of crypto asset that uses blockchain technology to represent crypto art, digital collectibles, and much more NFTs are not interchangeable Unlike Bitcoin, NFTs are non-fungible assets, meaning that each NFT is unique. Bitcoin is a fungible asset because every unit of BTC is identical and has the…

NFTs have always been ridiculed and termed as Ponzi schemes. Here are multiple use cases of NFTs that can be revolutionary. With use cases for NFTs expanding rapidly, here are some reasons why this class of digital assets is heralding a new era of the Web. VIRTUAL IDENTITY Using NFT avatars, you…

Blockchain works as a decentralized computer network, where cryptography and economic incentives for participants ensure that no one has to know or trust anyone else for the system to function properly. …

Ethereum has drastically changed the crypto industry and is one of the most popular blockchains. Let’s learn about the essential parts of the Ethereum network. —