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Top Web3 Real World Use Cases
You might have come across the term decentralization of the Internet time and again, but several thoughts would have rushed the first time you heard it. Happens! Quite confused, right? Well, Let’s clarify this by explaining Web3. Web3 is a term that describes the idea of a new and improved…
Long-term NFT Success Depends on the Metaverse Predicts New Research
The future course of the non fungible token (NFT) market over the following five years was examined in a recent analysis by Juniper Research. The report predicts that by 2027, there would be about 40 million worldwide NFT transactions, up from 24 million in 2022. Based on the research, the use…
Telegram Founder Proposes to Auction Usernames for NFT-like Smart Contracts
The creator of today’s highly secure portal Telegram, Pavel Durov, has proposed the concept of a domain or marketplace that would employ “NFT-like smart contracts” to bid off popular usernames. Durov voiced his response to TON, a layer-1 blockchain that was first in the line…
How Does Metaverse Power the Future of Gaming?
The use of Metaverse in the different sectors is rising day by day. With the new dimensions that the continuous Metaverse development is allowing us to enter, it is becoming the next big thing every day. Although the use of Metaverse technology has garnered interest in various sectors, the field…
Learn Blockchain Technology: the Changes in Business, Education and Health in the Future
Blockchain is a technology for processing, storing information, and identifying customers. In English, it is translated as a “chain of blocks.” The technology itself was proposed in 2008 by Satoshi Nakamoto. The main features of this technology: The blockchain stores data on all…
Web 3.0 and the Future of the Music Industry
The music industry is one of the dominant sectors that consistently experiments with technological advancements to produce high-end music and enhance the user experience. There have been several developments in music industry like altering how we produce, disseminate, and consume content of this…
6G is vital in achieving the metaverse vision
In order to fully realise its promise, 6G has been searching for the ultimate ubiquitous application. As we increasingly rely on our cell phones to get by outside the home and to combine experiences and services (both real-world and virtual), the concept of the Metaverse may be the killer app. The…
First limited-edition NFT release from AFL sells out in less than 12 hours
The Australian Football League’s (AFL) non fungible tokens (NFTs) sold out in just under 12 hours following their initial distribution. After Ripper Skipper 2022 debuted, it enabled the ‘allow list’ to buy 3,800 packs reserved for the drop. This ‘allow list’ was open to all. AFL Mint Ripper…
Coinfund opens a $300M Web3 fund to invest in next ‘Technological Shift’
Coinfund is investing a sizable wager on Web3. The investment company with a focus on cryptocurrencies. Reportedly, it is launching a sizable $300 million venture fund for Web3 innovators seeking funding for their cryptocurrency initiatives. The fund has been sponsored in parts by Adams Street…
Why is VR important in the Metaverse?
Anyone who is even a bit aware of global development knows how this castle of opportunities evidently rests on the cocoon of technological prowess. How we live now, work, and entertain ourselves has transformed dramatically over all these years. If we turn the pages of our memory journal five years…
Blockchain: Byzantine Fault Tolerant
What is Byzantine Generals’ Problem? A Byzantine fault or Byzantine General’s Problem is a condition typically seen in a (specifically distributed ) computer system, where one or more components fail and exhibit inconsistent behavior by sending conflicting information to the different parts of the…
Google Investment in Blockchain Businesses has Surpassed $1.5 Billion Since September 2021
According to a latest news report, Alphabet, the google parent, has poured almost $1.5 billion in the blockchain sector between the period of September 2021 and June 2022. As per the numbers and statistics, this is by far the maximum of any other publicly traded firm. Additionally, according to…