BinSina is among the top first brands to have started into this space in honor of the UAE’s 50th anniversary, celebrated on December 2nd last year. In parallel, restaurant firm Buffalo Wild Wings started selling three non-fungible tokens (NFT), dubbed NF-OTs, to mark the fifth anniversary of the only Super Bowl for having been decided […]
Blockchain
A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they have successfully shown that a powerful, newly-developed encryption network can be used to protect communications on the blockchain, according to a paper published Thursday. The group of researchers say it is the first time that a quantum […]
Decentraland is a fully decentralized 3D virtual world where people can own, develop, and sell their own virtual land while also exploring other people’s land and buildings. The virtual plots of land can contain anything from static objects to interactive displays, games, music and video players, art, and even social events and whatever the imagination […]
Buying virtual land is a weird concept for many, and understandably so. How can pixels on a screen be worth thousands and sometimes millions of real-world fiat currency that can be used for real-world items. Well, it’s not that different from buying any digital piece given the value is in what people believe it lies […]
The new hype surrounding one certain family of non-fungible tokens (NFT) has taken the world by a swift, without any knowledge of who some of its creators are, specifically some of the most famous ones, the Bored Ape Yacht Club (BAYC). Until now. Buzzfeed uncovered the veil of the BAYC godfathers, Greg Solano (32 years old) […]
Non-Fungible Tokens (NFT) fame has immensely grown amongst tech enthusiasts, traders, creators, and criminals, with money laundering activities concerning NFTs reaching new heights as it grows daily, Chainalysis report finds. In its report released on Wednesday, Chainalysis reported that a modest yet growing amount of money laundering activity had been associated with the buying and […]
What exactly is Web 3.0, what will change with its advent, and how will the world look integrated with the 3rd generation of the internet? These are tough questions to answer. Web 3 is, in the simplest words, a blockchain-based internet. A decentralized, permissionless, censorship-resistant; these are the fundamental tenets of Web 3. The more […]
You can be forgiven for thinking that Web3 or Web 3.0 is just another trendy buzzword that lets tech companies sell you the same product slightly upgraded under a cool new façade. For one thing, there is no official definition for Web 3, just a collection of parameters that classifies its general qualities, functions, and […]
It is, by definition, a decentralized ledger. Every record written and every action and transaction occurring on the blockchain is secured by a unique cryptographic key that is meant to be unhackable. Every time a new block on the chain is formed. This means that every action on the blockchain is dependent on the two […]
Open market online for Non-Fungible Tokens (NFT), OpenSea, is getting in touch with and compensating users exposed by the loophole letting individuals obtain NFTs for less than the market’s value, then resell it for thousands. First reported by Vice Tech’s Motherboard on Monday after blockchain security firm Elliptic expressed concerns around the issue. Various Twitter users went […]