Web 3.0 is the most recent Internet technology that uses machine learning, artificial intelligence, and blockchain to enable real-time human communication. The icing on the cake is that web 3.0 will allow individuals to own their data, but they will also be compensated for their web time. Web 3.0 gives everyone a far more personalized…
Continue ReadingThe terms “Web3” (sometimes known as web 3.0) and Metaverse—based on some of the coverage, it appears that they are referring to the same thing—are generating a lot of buzz and interest in business technology right now. Although they are linked in several important ways, they describe distinct ideas. So, let’s look at how they…
Continue ReadingFor many years now, cryptocurrency has been an essential topic of discussion. Most people understand what cryptocurrency is, and maybe you’ll buy Bitcoin from time to time. Even so, users may be unaware of why cryptocurrency is so popular. The primary factor driving market growth is the advancement of distributed ledger technology and rising digital…
Continue ReadingNon Fungible tokens are tokens that are not fungible. Assets of the same type that can be traded interchangeably are said to be fungible. Bitcoins are fungible, meaning that consumers can exchange one Bitcoin for another and get identical assets. Non Fungible tokens, on the other hand, are one-of-a-kind and cannot be duplicated. Because of…
Continue ReadingDigital Assets are digital representations of any asset, including securities, rights, currencies, and account units. All of these are registered on a distributed ledger like a blockchain. Cryptocurrencies such as Bitcoin, Ethereum, and Bitcoin are among them, but they are not the only ones. Digital assets can also include securities such as traditional shares or…
Continue ReadingNFTs can be anything from an art piece to a gaming item, a PDF, or even a tweet. The minting procedure creates a cryptographic token that includes the digital signature of the wallet that created the token when a creator creates a digital asset as an NFT. This provides future collectors with direct provenance verification,…
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