Nagi An
The Otherdeed NFT collection by Yuga Labs was one of the most anticipated NFT projects of 2022. When the project was launched in May 2022, it caused a lot of excitement despite its high initial cost, which was circa 5,800 USD at the time of minting. To nobody’s...
Copyright is a gray area in the NFT domain, especially because it’s coupled with the asset ownership concept. On nftnewstoday, we have already explained how NFT projects deal with copyright and intellectual property issues using standard license agreements that grant the right to copy, display or resell NFTs. Nowadays, some NFT...
Based on three substantial premises, i.e., ownership of personal data, control over user-generated content, and censorship resistance, decentralized social apps allow us to share our ideas and connect with others in brand-new ways.Social blockchains that are paving the wayTwo leading blockchains on which social media dapps run are Hive and Steem. They were...
The community culture is the backbone of web3. It diffuses into every aspect of society, and investment is no exception. On the other hand, we still need more tools for effective collective investments. In this article, we like to introduce a blockchain company, Syndicate, that envisions a future in which...
There were 437,000 new ENS domain registrations in September 2022, generating over $5.5 million in revenue. Betting on Ethereum’s bright future, buyers invest in these new forms of web domains with the intention of selling them at higher prices to companies that will unavoidably have to do business in the decentralized...
The InterPlanetary File System (IPFS) is a decentralized peer-to-peer file storage and sharing protocol. Instead of relying on centralized server clusters, IPFS allows computer nodes across the world to store files. Consequently, it can form the decentralized storage basis for web3. Content instead of locations, hashes instead of URLsThe...
You can’t cancel or reverse your cryptocurrency transaction once confirmed on the Ethereum blockchain. Why? Because Ethereum was designed to be immutable in the first place. What’s immutability?Immutability means you can’t alter the information in a dataset. In the context of blockchain, it prevents a central authority, like a government...
Decentralized identity is an identity management framework based on open standards. It’s also referred to as self-sovereign identity. To begin with, think about what an ID is. It stands for an identity document used to verify the identity of a person, for example, a passport issued by a central authority, like...
NFT offerings in the alcohol industry are flourishing. One emerging concept is the tokenization of physical bottles, paving the way to verifiable authenticity and rewards gained through NFT ownership. Certificates of authenticity As with all rare and fine goods, NFTs help combat counterfeiting in the luxury wine and spirits industry....
NEAR is a proof-of-stake blockchain with high scalability and low development cost. It uses its own scalability solution, known as Nightshade, which is a unique form of sharding that splits the transaction load into four shards, thereby increasing the network throughput significantly. The sharding works with another technology peculiar to...
