What are DeFi Products and Services With Examples?

Decentralised Finance (DeFi)  is a growing service that one day could disrupt the traditional banking. It generally operates with less fees and higher trust between related parties. It offers a wide range of services that removes the need to use financial institutions. DeFi products and services provides products and services similar to traditional banking which includes lending, saving, insurance, investing and others. What is unique about it is that it is decentralised and does not require trust and has less fees most of the time.    Attribution: The icons has been designed using resources ...Read More

March 8, 2022|DeFi|

Is NFT Coin a Good Investment? Pros and Cons of NFT Tokens

Because NFTs are  built on the blockchain that is backed by a cryptocurrency they are very risky. But some get really expensive and make lots of returns. You may want to get into these large cap project. One way to do that is by buying the NFT coins tokens. NFT related coin tokens are good way to access expensive NFT project. It provides you with access for yielding and governance benefits and some provide utility to direct NFT holders receive.     Attribution: The icons has been designed using resources from   Disclaimer: ...Read More

March 6, 2022|DeFi, NFTs|

6 Reasons Why Becoming a NFT Creator is Worth it

Many  creators made millions of dollars by selling NFTs and some have been able to achieve recurring income as well.  With an early stage in this space it is really attractive to consider being a creator. Becoming a NFT creator is worth it. It just requires hard work and dedication and knowing that it is a lifetime job if not planned properly. Attribution: The icons has been designed using resources from   In this post we will look into why its worth it and discuss some realities you need to know.   ...Read More

March 2, 2022|DeFi, NFTs|

How NFTs Technically Work? A Comprehensive Short Summary

You may have got into the NFT space but want to have deeper understanding of how it works and how it is related to the blockchain. I did my best to research and prepare this post for non-technical savvy person (like myself) and to get an introductory insight about the topic to prepare for programming for NFTs. Technically, NFTs are tokens generated from a programmed smart contract stored in the blockchain network.       In this post, we will focus on the Ethereum network blockchain when discussing NFTs for now because it is the ...Read More

March 1, 2022|DeFi, NFTs|

Is NFT a Bubble? Bullish and Bearish Point of Views

The concept of NFTs is spreading very fast in the world. People are getting excited for the digital ownership and the web3.0 interactivity. Others are concerned that it is just a fad and with unreasonably high valuations. For example, OpenSea sales volume was around $145 million on 23/2/2022 (Dune Analytics) which is a lot! NFT is not necessarily a bubble. But keep in mind that around 90% of the projects will fail.   Attribution: The icons has been designed using resources from   I like the balance GaryVee founder of VeeFriends has ...Read More

February 25, 2022|DeFi, NFTs|

What are NFTs Domains? Traits it has Traditional Services don’t

The Main reason businesses has website is to maintain their presence with their audience through their domain. Social media accounts could shut down anytime but a website won't. However, in reality, even the traditional domains are which certified by ICANN are centralised and could be blocked or shutdown. That is why nowadays users are moving towards NFT domains. NFT domain names are smart contracts recorded in a blockchain network which primarily give its holders secure full ownership and allows them to be identifiable when doing transactions on the blockchain.   Attribution: The icons has ...Read More

February 23, 2022|DeFi, NFTs|

How Exactly NFTs are Stored?

When buying NFTs,  you generally buy the code behind it but you do not necessarily  buy the image or media file that represent it.  In this article we will identify exactly where do the NFTs metadata and associate media file is stored. NFT metadata is always stored in the Blockchain while the media files associated with it could be stored in the blockchain, decentralised storage or centralised storage.   Attribution: The icons has been designed using resources from   So basically, when you buy a NFT you own the metadata on the ...Read More

February 21, 2022|DeFi, NFTs|

Can NFTs be Hacked? – 4 Ways to Keep your NFTs Safe

We are still in the early stages of the NFT space and already so much money has been injected.  unfortunately, there is high possibility of hackers attempt to steal users NFTs or scam them. So can NFTs be hacked? Just like any digital file in the world, NFTs can get hacked. Always make sure to protect your NFTs from potential security gaps, including the network you are accessing from, device you use, your NFT wallet and the social interaction you do physically and digitally.    Attribution: The icons has been designed using resources from ...Read More

February 18, 2022|DeFi, NFTs|

9 Predictions Shaping the NFT Future

Many say that Web 3.0 and NFTs are a scam and others say they are a revolution whether we like it or not they are already out there. NFTs have huge  potential to be used beyond just digital art, it is capable of providing exclusive communities accessibility, entertainment industry disruption, normalising the Metaverse,  Gamification, revolutionise branding and connection to physical ownership of assets.   Attribution: The icons has been designed using resources from   In this post we will discuss the potential of the NFTs in shaping the future.  Some of these ...Read More

February 16, 2022|DeFi, NFTs|

What is a Smart Contract? and How Does it Work?

When hearing the word smart contract, you may think that it is related to the Blockchain but in reality the smart contract has already been mentioned by Nick Szabo since 1990s. Let us dig deeper about the topic. Smart contracts are programmed digital contacts that are automatically executed when predetermined terms and conditions are met.   Attribution: The icons has been designed using resources from   In other words, smart contracts can be viewed as a vending machine, where it is providing its services without supervision from an employee. A vending machine ...Read More

February 15, 2022|DeFi, NFTs|