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The absence of central authority is the main reason governments are afraid of blockchain and cryptocurrency. Lack of education about the technology has brought about so many assumptions the blockchain and crypto industry are used basically for crime facilitation. Blockchain technology seeks to address the safety and integrity of data when there is a high…
Read More “Blockchain technology, a means to fight corruption in Nigeria” »
Non-Fungible Token (NFT) reserves copyright and the right of ownership to intellectual properties. From handiwork like arts and paintings to words, music, tweets, and others, NFT places relevance on contents irrespective of emotions and situations. Zoe Roth wasn’t an exception. She earned the title “Disaster Girl” for a photo shot by her father of a…
Inverse Finance governance has accepted the proposal to acquire Tonic Finance. This deal will put Inverse Finance over Tonic Finance at a cost over $1.5 million. The acquisition will be the first possible one in Decentralized Finance. The Inverse/Tonic merger is not so much different from the traditional finance merger world, where both the company’s…
Read More “Inverse Finance acquires Tonic Finance, the first possible DeFi protocol merger” »
Polygon, a blockchain protocol, has announced a Decentralized Finance fund with the primary objective of extending the Decentralized financial sector user base. In a recent blog post, Polygon made it known that it has launched a hundred and fifty million USD fund. It aims to involve millions of users in Decentralized finance by making it…
Read More “Polygon Set to Bring DeFi to The Masses, Rolling Out $100 Million” »
The late actor Chadwick Boseman has been venerated with a Non-Fungible token artwork and is to be part of the Oscar Nominee gift bag at the event. Also, the NFT will be on auction for fundraising to the Colon Cancer Foundation. Chadwick Boseman left the world in August at age 43, diagnosed with Cancer in…
The famous artist, Marshall Mathers, popularly known as Eminem, is the latest celebrity to get on to the NFT buzz. He partnered with the Gemini NFT platform to release his first Non-Fungible Token on Sunday, April 25, 2021. It could have been the recent skit on Non-Fungible Tokens that inspired the rapper. In the Saturday…
Read More “Eminem partners with Gemini’s Nifty Gateway to Launch his First NFT” »
In the first quarter of 2021, the Dollar value of Decentralized Finance applications grew to 150%, from around $20B to $50B. Nevertheless, the higher percentage of this activity shows the USD value of Ethereum and ETH-based projects, not the growth in the total number of cryptocurrency AUM. If we were to define the Blockchain space…
Read More “Q1 2021 Industry Trends: NFTs Rise to Fame, DeFi Consolidates 2020 Gains” »
Kwenta, a decentralized application that leverages synthetic tokens have launched several synths tokens for stocks but the recent gas fee/prices could make trading them more costly than buying the real stock or asset. In a recent blog post, Kwenta protocol announced the various synths that trail the stock prices of the five top tech organizations…
Read More “Synthetic FAANG stocks are trading in DeFi — but do gas fees make them uncompetitive?” »
DeFi is a universal term used for several financial apps in cryptocurrency. Majorly for the disruption of financial intermediaries, it is an idea that leaves out both the ambiguous paperwork and the middlemen (traditional finance) to substitute them with smart contracts. TVL means Total Value Locked. Several Decentralized Finance sites use TVL as a reference…
Read More “Over $60B TVL In DeFi Despite The Current Market Dip” »
The current immutable digital asset hype is moving into wristwatches. The first Non-fungible token watch certified by blockchain technology tends to launch at the end of the previous month, but the public sale of the asset has been postponed due to it not being promoted. Nevertheless, Other Non-Fungible Token awards available on platforms for…
Read More “Non-Fungible Tokens coming into the Watch World” »