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Showing posts from May, 2022

The demand for NFTs- an encouragement to create meme-based NFT Marketplace

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The NFT industry is expanding rapidly nowadays and several NFTs are being introduced in the market. Different types of NFT collections have already been launched in the industry and are ruling the NFT community’s minds. Meme-based NFTs are one of the most popularly traded NFT collections. Being a sensation on social media platforms, they have become a potential investment option.  Most of the famous memes have been converted to NFTs and the NFT community is willing to pay millions for them. Sky-scraping sales have already been encountered in the NFT sphere where some meme-based digital tokens were auctioned at millions of dollars. Memes are just sarcastic images, videos, or GIFs, yet they attract the immense attention of individuals. Many businessmen use memes while promoting their products or services. Undoubtedly, this entertaining factor of memes has the potential to engage the audience easily. Thus, it becomes easy for a business to convey its message or grab the attention of

Smart contracts and why do you need them?

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Smart contracts are useful assets in the current time. There have been times when the traditional finance system used to take considerable time while the process the transactions or other procedures. After the entry of smart contracts into the finance industry and others sectors, the benefits have been availed by the industries that contributed to enhancements in the existing systems.  To understand what smart contracts are, it is essential to get through the concept of blockchain technology first. Blockchain technology is the distributed ledger that is used for storing the data and information in a secured environment. The data stored in the blockchain is extremely secure and is prone to all cyber attacks. Once the information such as the transactional information is stored on the blockchain technology, there is no way of altering it after successful storage. The data is stored in the blocks and then the blocks are added to the chain.  Smart contracts are digital agreements that a