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Category Archive Blockchain

ByDavid Adamson

What Cryptocurrencies Will Look Like in 20 Years?

Cryptocurrency has certainly become a global phenomenon over the past few years. But still, there is a lot to learn about this evolving technology. There is an array of concerns as well as worries whirling around the technology and its potential in disrupting the traditional financial systems. Very recently, a professor at the Stanford Law School, named Joseph A. Grundfest, sat down to discuss the following. 

  1. How is cryptocurrency currently being used?
  2. Where have mistakes been made?
  3. What the future holds for this technology?

As an expert on financial systems and the former commissioner of the Securities and Exchange, Professor Joseph A. Grundfest is in a unique position to shower his comments on the future of cryptocurrency.

An Idea About Cryptocurrency

For the ones who do not have a clear idea about cryptocurrency, they should know that it is a digital currency that is created as well as managed via the use of advanced encryption techniques referred to as cryptography. It is a virtual currency that is designed to work as a medium of exchange where the records of ownership are kept in a ledger that exists in the form of a computer database. The database to store records makes use of very strong cryptography for tightly securing records controlling the creation of additional coins, and appropriately verifying the ownership of coins. 

Like paper money, cryptocurrency does not exist in physical form. Moreover, it is typically not issued by any central authority. When a cryptocurrency is created or minted before issuance or issued by a single issuer, it is generally considered centralized. But at the time of implementation with decentralized control, each of the cryptocurrencies works via a distributed ledger technology, usually a blockchain that serves as a database for public financial transactions.

The Rise of Cryptocurrency

Cryptocurrency made a big leap from being only an academic concept to virtual reality with the creation of Bitcoin in the year 2009. The virtual currencies became popular in the financial system since their inception only over a decade ago in the year 2009 with the creation of Bitcoin by Satoshi Nakamoto. 

But several disagreements within the community of Bitcoin led to its schism and followed by the launch of Bitcoin cash along with the appearance of a few other decentralized e-currencies that further fragmented the landscape of digital payments as a whole. For example, we can consider the creation of the first ‘sharia-compliant currency’ in Dubai in the year 2017 and pegged to the price of gold. 

While Bitcoin gained a lot of popularity in subsequent years after 2009, it captured significant attention of the investors and media in the year 2013 in April when it reached to a record price of 266 dollars per Bitcoin after rising about ten times in the preceding two months. 

Bitcoin displayed a total market value of more than about two billion dollars at its peak, but a 50% dive down shortly thereafter gave rise to a raging debate about the future of Bitcoin in particular and cryptocurrencies in general. The investors are particularly lured towards Bitcoin by the high speculative potential of such virtual currencies as well as their ability to be exchanged for cash in several cases. But their value remains extremely variable with sudden rise and fall which is precisely the reason for hesitation among the investors.

A number of specialists are quite worried about the lack of transparency in their process of issuance, which is unregulated. There is no regulatory authority that supervises the issuance of cryptocurrency. In addition to this, there are a number of people who are quite suspicious of their true value and doubt the asset’s decentralized nature. 

In fact, there has been a rise in the popularity of ICO or initial coin offerings. ICO is a modern form of IPO released by the fintech companies for the purpose of crowdfunding new cryptocurrencies. This, in turn, has been propelling the virtual currencies’ prices in an upward direction. At present, there are more than about 50 ICOs launched every month. It is because of the fact that there is no regulation or scrutiny. Moreover, the investors are quite often not properly informed and hence have fallen victims to scams in several cases.

Cryptocurrency is now a very hot topic of discussion and has gained tremendous popularity in the last few years of time. More and more investors are ready to invest in cryptocurrencies especially Bitcoin, and Ethereum along with many more. As per the current trend, cryptocurrencies are expected to rise further in the time to come. 

The Fact About These Trustless Systems 

The ones favoring Bitcoin as well as other cryptocurrencies claim that these financial platforms are inherently trustless systems. It means that they are not directly attached to any nation, state, country, government, or body. They would also argue that cryptocurrency is much more superior as compared to the traditional physical currencies because it is not dependent on any regulatory authority. 

Professor Joseph A. Grundfest notes that irrespective of the fact whether cryptocurrencies are thought to be good or bad, it is not completely accurate. Cryptocurrencies are not really trustless at all. They are still dependent upon the underlying infrastructure that powers different cryptocurrencies like Bitcoin, Ethereum, etc. a major portion of which is located in the nation of China. The government of China could theoretically make amendments to cryptocurrencies at a fundamental level by striking its will on the data miners who keep them running.

What Future has in Store for Cryptocurrencies?

Predicting the future of the world of cryptocurrency might be the most difficult of tasks even for the most proficient experts in this field. The pool of cryptocurrencies is rising but we are not sure as to whether these payment tools would be truly responding to the precise needs of being a currency. There are some economic analysts who predict a big change in cryptocurrency as institutional money makes an entry into the market. There also exists the possibility of cryptocurrency floating on the NASDAQ. This, in turn, would enhance the credibility of blockchain further and its uses as an alternative to the traditional currencies. 

On the other hand, there are some who predict that cryptocurrency needs a verified ETF or exchange-traded fund. An exchange-traded fund would certainly make it easier for people to invest in cryptocurrencies. In spite of this ETF, there still needs to be the demand among the people to invest in cryptocurrency and this demand may not be automatically generated with the help of a fund. Cryptocurrencies are an intuitive result of the digitalization of the world. But the future of cryptocurrencies is dependent upon a wide array of factors listed below.

  • Stability
  • Security
  • Transparency
  • Users’ confidence

Additionally, the hacking attacks happen to be the most significant threat that might be leading to their complete abandonment by the wary users. The governments of several countries of the world are still hesitant to entirely accept cryptocurrencies. Many are of the viewpoint that cryptocurrencies can be an asset but never a currency. Thus, nothing can be specified about their future with certainty. So, there is still a big question mark on whether these alternative currencies will eventually supplant the conventional currencies or not or whether cryptocurrencies are a passing trend that will fade away with the passage of time.

Libra is Rising

Bitcoin, one of the most popular cryptocurrencies, might be ruling the world of crypto for five more years. But the giant in the crypto market might be looking over its shoulder as a few stablecoins such as Facebook’s Libra are starting to make their presence felt in the world of crypto. The contribution of Facebook to the world of cryptocurrency is Libra. It has been hyped as the appropriate answer to a wide range of financial issues. The platform was particularly designed to facilitate international payments along with the elimination of unnecessary transaction costs as well as other fees.

Professor Joseph A. Grundfest concedes that the goal is admirable, but at the same time, he believes that the approach is deeply flawed. According to him, the introduction of another cryptocurrency is not the right solution for the purpose of minimization of payment transactions. Moreover, he does not agree with the attempts from Facebook to completely dodge the traditional banking systems. 

Instead, he puts forward an argument that it would have been a better approach by Facebook to create its own bank which in turn could act as the primary institution for its users. The professor also said that Facebook could have focused more on developing banking systems customized to each nation or region, appropriately addressing each of the regulatory demands and driving down costs. He said that once these have been established and the trust of the public was built, it would make sense to easily link each of them for the creation of a global network. 

It is quite reasonable to expect that stablecoins will be preferred by a considerable volume of users as we progress through the 2020s. The stablecoins tie their values to some of the tangible real-world assets such as the US Dollar and gold. It means that they are almost sure to be free from the volatility of the market that we tend to see around cryptocurrencies like Bitcoin and Ethereum. The feasibility of stablecoins driven by blockchain integrated with their settled values will mean that there will be a wide range of applications for this new brand of cryptocurrency. At present, Tether is the biggest stablecoin with a market cap of about 4 billion dollars.

Is Stablecoin the Future?

Stablecoins have gained a lot of popularity in recent times as a way to support cryptocurrency with assets that hold real value. It is very much in the same way the currency of the United States used to be on the gold standard. Those assets can be other currencies or commodities or virtually anything. Professor Joseph A. Grundfest has two issues with this approach that are listed below.

  1. It actually recreates a system that is already existing.
  2. It would make it easier for users to commit fraud since it is not quite as easy to audit and monitor as the traditional currencies. 

In his comments, the professor also covered some stronger applications for cryptocurrency. For example, it might be a better option for the people residing in countries that have weak currencies to invest in cryptocurrency like Bitcoin as compared to investing in the local stocks and bonds. The future outlook of cryptocurrency is still an unanswered question. The supporters in favor of cryptocurrency see endless potential, while on the other hand, the critics see nothing but the only risk. Professor Joseph A. Grundfest in this regard remains quite skeptical but he does concede that there are a number of applications where cryptocurrency is undoubtedly a viable solution.

Is Investing in Cryptocurrency a Good Choice?

Investing in cryptocurrencies might be the best way to treat your investment. It is in the same way as you would be treating any other highly speculative venture. But it is of immense importance to always keep in mind the high volatility of cryptocurrency where you run the risk of losing most of your investment if not all. 

As mentioned earlier, cryptocurrencies hold no intrinsic value. It is just the value that a buyer is willing to pay for it at a given point in time. It is precisely the reason why cryptocurrencies are very much susceptible to huge swings in prices. This, in turn, readily increases the risk of loss for an investor. For example, during the early days of Bitcoin on the 11th of April 2013, its value was down to half from 260 dollars to 130 dollars within a timespan of just six hours. 

If as an investor you are able to digest that kind of volatility, it would be a good choice to invest in cryptocurrencies. Otherwise, it would be ideal to look for other investment options that best suit your profile. The opinions on the merits of investing in cryptocurrencies are deeply divided. The supporters point to its limited supply as well as growing usage as value drivers. On the other hand, the detractors see it like just another speculative bubble. So, it is completely up to the investor to invest in any cryptocurrency or not. 

Conclusion

Cryptocurrencies aspire to become a part of the mainstream financial system for which satisfying very divergent criteria is essential. Though this possibility looks remote, there is little doubt that the success or failure of cryptocurrency in dealing with the challenges might be the determining factor in their fortunes in the time to come. All we can do is wait and see what the future has in store for cryptocurrencies.  

ByDavid Adamson

Custodial vs. Non-Custodial Wallets: Which Is Better?

When it comes to cryptocurrency, there is no one-size-fits-all approach. Fortunately, users have options regarding which digital coins they want to invest in and whether they’re more interested in trading or mining.

However, one topic tends to spark fierce debates in the Bitcoin community – the Bitcoin wallet. The discussion primarily revolves around the question of whether custodial or non-custodial wallets are better.

Both have advantages and disadvantages worth considering. Before you open a Bitcoin wallet account, it’s imperative to know all the relevant information about the two types of digital wallets – custodial vs. non-custodial wallets.

What Is a Custodial Bitcoin Wallet?

The basic premise of a custodial Bitcoin wallet is that a third party controls the private keys. Essentially, users are placing their trust in another entity, usually crypto exchange platforms.

Many first-time Bitcoin investors have relied on a custodial wallet at some point. If you create an account with well-known exchanges such as Coinbase or Gemini, you’ll have an opportunity to utilise a custodial wallet. It’s all a part of their service.

They want to protect your funds and will make every effort to do so, as it’s in their best interest as well. Custodial crypto wallets are often called hosted wallets by users.

Undoubtedly, custodial wallets relieve users of personal responsibility for their funds. Some will see this fact as a plus and others as a major red flag. Furthermore, custodial wallets are typically web-based, which, unlike hardware wallets, require a continuous internet connection.

Advantages of Custodial Bitcoin Wallet

In the crypto community, custodial wallets don’t have the best reputation. But it’s not because they’re considered unsafe. It’s the fact that the user doesn’t hold their private keys and essentially isn’t in charge of their funds entirely. To some, this lack of control is unacceptable.

To others, it’s precisely why they appreciate custodial wallets. The private key is the only way to access the money you’ve earned, but what happens if you can’t remember it?

It means that your Bitcoins are lost forever. That doesn’t happen with a custodial wallet, as exchanges take precautions to ensure you never lose access to the fund.

In general, custodial wallets are also a safer option as they provide better security against malware and phishing scams when it comes to web-based wallets.

There are a few downsides worth considering too. First, some exchanges require you to use their wallets. And the fact that you don’t hold the private keys means they can take your assets if they choose to do so.

What Is a Non-Custodial Bitcoin Wallet?

With non-custodial wallets, users have complete control of their private keys and funds. Typically, when users accumulate considerable amounts of Bitcoin in their exchange accounts, they want to open a Bitcoin wallet account of their own.

Naturally, the presence of a third party is cumbersome when you become savvier about Bitcoin. However, in contrast to custodial wallets, where you had to trust the platforms that provide them, with non-custodial wallets, you have to trust yourself to keep them safe.

If you’re using hot wallets, that means being mindful about the security of your internet connection and the health of your devices. You might have to use a VPN service or backup your wallet with a recovery phrase, known as the “seed phrase.”

Advantages of Using a Non-Custodial Bitcoin Wallet?

The most prominent reason non-custodial crypto wallets are the more popular choice is that they give users freedom and control. Freedom to choose the wallet they want and full control of their funds.

That’s not an insignificant advantage, especially when we consider that the appeal of cryptocurrency revolves around the fact that it’s a decentralised system without third-party involvement. Furthermore, a non-custodial wallet is not exclusively web-based.

If you want better security and to manage your Bitcoins offline, you can choose a hardware wallet. Selecting a hardware wallet also means having full access to staking rewards from your holdings.

But the notable downside is that trading will be slower as funds need to reach the exchanges first. Plus, user interfaces are typically less user-friendly.

Relinquishing Control: Yes, or No?

There are plenty of arguments why custodial wallets are the prudent choice, especially if you’ve only started with Bitcoin. But the deeper you get into the matter; you’ll likely prefer having a non-custodial wallet.

Some users appreciate a helping hand from a third party, and others dread it entirely. When it comes to everything crypto-related, there really is no uniform approach. Custodial isn’t better than non-custodial and vice versa. Both are simply options that can play a role in your Bitcoin career.

ByDavid Adamson

HODL Explained: What is A Hodl in Cryptocurrency?

“HODL” is a misspelling of “hold,” which is an attempt to avoid the impulse to panic sell when Bitcoin prices drop. It is often used in online cryptocurrency forums or in the comments section of Youtube videos that discuss Bitcoin trading.

The term “HODL” originates from a cryptocurrency forum post entitled “I AM HODLING” made in 2013.

The community that was rapidly growing around Bitcoin at the time had grown accustomed to seeing prices go up, and when the price suddenly began falling due to an unexpected government announcement, many were caught off guard.

Bitcoin is a revolutionary invention that has already changed the world of finance and will continue to do so. The original purpose of this paper was to present an unbiased view of what Bitcoin is, how it came about, and where it’s going. However, since I believe that knowledge without action leads nowhere, I encourage you to take some time off from reading this paper and go try out bitcoin for yourself. Find a friend who owns some bitcoins and buy some for yourself on their recommendation.

What is Hodling?

HODL is a term used in the digital currency world that means holding on to your coins or tokens rather than selling them. The idea of HODL came from a drunk post on Bitcoin Forum about bitcoin not being able to be traded but only held for future use.

A Bitcoin maximalist is someone who holds that Bitcoin has the greatest chance of success in the cryptocurrency market. A bitcoin maximalist believes that a certain protocol, such as Bitcoin’s blockchain, will dominate all others and become a standard across markets.

Is HODL A Good Investment in Cryptocurrencies?

While the word HODL is a frequently used slang in the cryptocurrency world, it has been criticized for being a bad advice. HODL does not mean anything in terms of investment strategy, but some people consider it as a bullish sign when they see the term in crypto forums and communities. However, there are already some critics who believe that HODL can be a good way to lose money.

What is the HODL strategy?

The HODL strategy is based on investment in cryptocurrency without the intention of selling. The investor believes that the value of the cryptocurrency will increase over time, which will result in profit when it is sold at a higher price.

HODL Risks: The thing that worries me the most about HODL is that 80% of all “crypto” tokens on the market today are outright scams, and the people.

HODLers will also have other criteria for selecting an exchange. One of the most important factors is that the exchange is safe. There are several ways to determine this. First, exchanges that are not regulated are often unsafe because they do not have to disclose company information. Second, exchanges with low fees tend to be unsafe because they cannot provide adequate security for user funds.

Conclusion

HODL is the opposite of FUD. While FUD is used to drive fear into investors, HODL is used to drive hope into them. Why are some people using this term? Because they are trying to encourage others not to sell their cryptocurrencies during a downturn in prices.

ByDavid Adamson

Cryptopreneurs Meaning: What is a Cryptopreneur?

Cryptopreneurs are entrepreneurs who use the power of cryptography and blockchain technology to build software or services which help to bring about a decentralized world.

What is a Cryptopreneur?

Cryptocurrency is a new form of currency that has been rapidly growing in the last decade. It has grown so much that it now surpasses other forms of payment, such as credit cards and PayPal. This digital currency has many advantages over physical money, but there are also disadvantages to cryptocurrency. Cryptopreneurs are individuals who have taken advantage of these opportunities and have made money through this industry.

The easies answer of What is a Cryptopreneur? question is here :

“Cryptopreneur“: Cryptocurrency + Entrepreneur

Cryptopreneur is a combination of the words cryptocurrency and entrepreneur. Anyone who involved in Cryptocurrency business and earning money through blockchain technology is called Cryptopreneur. Some people also known them as a “cryptocurrencer”.

Watch the video by cryptopreneur.club to know more.

All Types of Cryptopreneur In the Industry

There are many types of Cryptopreneur in the industry who is earning through Cryptocurrencie:

Crypto Trader: Crypto traders trade in cryptocurrency using crypto exchanges and are earning million dollars.

Crypto Investor: Crypto investors invest in cryptocurrency for long term. As all know who invested in bitcoin in 2019 have earned a handsome profit from it.

Crypto Influencer: Crypto bloggers, youtubers, telegram community managers, and everyone who have good audience come in this category. They influence people to buy new and exiting cryptocurrency and take some charge from advertisers.

Cryto Developer: The developer who develops crypto projects comes in this category. As coin developer, token developer, blockchain developer, and exchange developer.

Crypto Marketers: This is most trending and money making industry. SEO, PPC, Social media, and all offline and online marketers are involve in this category.

What kind of cryptopreneur are you?

Now you can be easily become Cryptopreneur by learning some skills. Are you running crypto Twitter account? Do you love to talk about cryptocurrency through podcasts? Are you managing a crypto Facebook group? Do you host a weekly or monthly AMA section on crypto? Are you someone who has a large subscribers on YouTube like Evan then you are the Cryptopreneur.

Conclusion

In this article, we’ve defined the different types of crypto-entrepreneurs and discussed their strengths and weaknesses. We hope that you can use what you’ve learned to find your niche in the industry and avoid some common pitfalls that many new entrepreneurs fall into. If there is anything else we can do for you, please let us know by following our Twitter page or visiting our website today!

ByDavid Adamson

Keyword Research for Blockchain Projects

Keyword research is a key of any successful project on internet. It help to plan what type of information industry target audience are searching on the search engine.

In this post, I will share with you a proven keyword research strategies that will help all industry to find unique, relevant and most searchable keywords.

So without any delay, lets get started.

How To Find Keywords for Blockchain Projects

There are many paid and free tool that help you find your project related keywords but in this post, I will only share free technique to find keywords for your blockchain projects. I will not stretch the post so I come to the point and share the method with some screenshots:

Google Keyword Planner

Google Keyword Planner

Wikipedia Table of Contents

Wikipedia Table of Contents

Google’s “Searches Related To”

Google's "Searches Related To"

Reddit and Forums

Reddit and Forums

Google Suggest

YouTube Suggest

Quora Question

Click here to download the keyword research template.

List of Keywords for Blockchain Projects

I researched 10000+ Google search results for crypto related projects and found the list, If they are not relevant for your project just replace the word blockchain and your will get an amazing result, checkout the keyword list of blockchain :

What is a Blockchain?

ICO vs Blockchain

Blockchain in 2022

Blockchain vs Bitcoin Review

Simple Blockchain Project

Blockchain Project Cost

Blockchain Services

Blockchain Project List

Blockchain Project Development Strategies

Blockchain Project Management

Blockchain Project Ideas

Blockchain Project Solution

Local Blockchain Project

Blockchain Project Generator

Blockchain Development Checklist

Blockchain Project Pricing

Blockchain Development Job

Blockchain Project Cost Calculator

Blockchain Project Portfolio

Benefits of Blockchain

Blockchain Statistics

Blockchain Company

Top/Best Blockchain Project

History of Blockchain

Blockchain Security

Cheap Blockchain Developer

Why Blockchain Important

Pros of Blockchain

How to learn Blockchain

Blockchain Marketing

Blockchain Apps

Blockchain Package

Blockchain Explained

Find Blockchain Developer

Different Between Blockchain and Bitcoin

Different Type of Blockchain Projects

Facts about Blockchain

Blockchain Trends

Blockchain Innovation

Blockchain Tool/Equipment

Blockchain Tips

How often Blockchain

Hiring Blockchain Developer

Blockchain Guide

Blockchain Maintenance

Blockchain Hacks

Blockchain Tricks

What does Blockchain do

What is a Blockchain know for

Blockchain industry

Types of Blockchain

Is Blockchain safe

How much to pay for Blockchain

Why choose a Blockchain

What does Blockchain meaning

Blockchain Certification

How to develop Blockchain (Without Tools)

How to improve the quality of Blockchain

Secrets of Blockchain

Reason to invest in Blockchain

Questions to ask about Blockchain

FAQs about Blockchain

Advantages and disadvantages of Blockchain

Blockchain for industry

Best practices in Blockchain

Blockchain Templates

Blockchain Factors

Blockchain Study

Introduction of Blockchain

Blockchain List

Blockchain Video

Blockchain Infographics

Blockchain Podcast

Blockchain Factors

Blockchain Tutorial

Blockchain Technique

Blockchain Users

Blockchain Stats

Blockchain This Year

Blockchain 2.0

Blockchain for B2b

Conclusion

I hope you like the keyword research report. If the above mentioned keywords are not fulfilling your requirement, copy all keywords in google doc file and just replace blockchain with your project main keyword. You will be surprised to see the result. I make this post very short for your so your get all information without spending your precious time in the net of word-count. Please don’t forget to share your thought on this post.

ByDavid Adamson

Explore The Future Of The Crypto Economy Via Custom NFT Development

When an asset has a daily trading volume of $7.62 billion, it can never be ignored. Yes, it is crypto collectibles that have made a splash in the global digital economy.

Artists, brands and celebrities are launching their exclusive Non-Fungible Tokens (NFTs). Entrepreneurs can exploit this big opportunity by partnering with a top-notch NFT marketing and development company. They can enable hassle-free trading of any asset through robust blockchain networks. 

What is the Meaning of Custom NFT Development?

Guidelines lay down the framework when artists create crypto collectibles. Each blockchain network has its own standard. 

For instance, content creators can choose BEP-721 and BEP-1155 if they are going to list on the Binance Smart Chain (BSC) blockchain network. Likewise, artists can opt for ERC-721 and ERC-1155 based assets on the Ethereum platform. 

NFT sellers who prefer decentralization and low transaction processing fees can mint their work as TRC-721 on the TRON blockchain network. They will get a huge advantage as TRC-721 assets are completely compatible with the ERC-721 assets. 

An NFT development services provider will enable artists to mint and list any asset as a single collectible or a multiple collection. They can earn huge income by selling domain names, fashion accessories like shirts, sneakers, gaming weapons, job applications, memes, music, paintings, portraits, software licenses, sports goods, source code, trading cards, and tweets. 

Content creators also get huge flexibility by uploading different file formats like GIF, MP3, MP4, PNG, and WEBP for listing their crypto collectibles. 

How Does an NFT Development Company Ensure Easy Authentication of Collectibles?

Content creators across the world require greater credibility and transparency. Indeed, Non-Fungible Tokens (NFTs) offer them protection against copyright infringement, duplication, and forgery. 

However, artists are listing their crypto collectibles on online NFT marketplaces. There have been many incidents where their single or multiple collections have been sold by anonymous persons in an unauthorized manner. 

They lose their reputation and value when fake NFTs get sold on other marketplaces. Similarly, investors also get cheated when they buy a counterfeit crypto collectible. Hence, techpreneurs can prevent this issue by sharing real-time information with artists. 

Content developers will get instant alerts when their crypto collectible is minted by a  scammer. They can also get awareness on laws related to copyrights and intellectual property (IP). NFT sellers also get a royalty percentage when their crypto collectible is sold by an investor on secondary marketplaces. For example, the Rarible trading platform provides royalty for artists from 10 to 50%. 

Generally, artists can attach their NFT to the distributed ledger contained in a blockchain network. They can prove their ownership anytime and the data related to the crypto collectible is immutable and tamper-resistant. Investors can check the description of the asset, price, and the name of the creator and his/her artwork before purchasing it. 

Decoding How Technology Powers NFT Development Services

“You have got to stay ahead of the game to be able to stay in it” goes a popular quote. Changes are happening daily in the world of crypto collectibles. Entrepreneurs can use the strength of Artificial Intelligence (AI) and Machine Learning (ML) to offer a better value for artists.

For instance, Fetch AI is a blockchain and software development company based in Britain. They have partnered with 100 talented designers to create NFTs based on Artificial Intelligence (AI). 

To implement that, Fetch AI will use Machine Learning (ML) algorithms. This pre-programmed software would help in the automation of basic tasks like accepting bids, listing the collectible, and payment processing. Besides that, it will collect real-time data about the performance of crypto collectibles in the market. 

Hence, investors can make the right decision before purchasing the NFT. They can access information like circulating supply, market capitalization, and trading volume of each digital collectible. 

Each crypto collectible on the CoLearn Paint NFT marketplace will be an abstract composition. Likewise, artists benefit from collective learning. The Unique Selling Point (USP) of the platform is that artists can co-create and own the same collectible. All their works are safely stored in smart contracts. Furthermore, they can get rewards by holding FET token holders. 

How Can an NFT Development Company Guarantee Consistent Revenue?

Be it an NFT minting platform like Enjin or an NFT marketplace such as OpenSea and Rarible, entrepreneurs need cash to survive in the competitive market. NFT development service providers across the world will enable artists to list their single or multiple collectibles on numerous marketplaces. 

In the same vein, cryptopreneurs can purchase white-label solutions of popular trading platforms. They can get hold of clones of Decentraland, Foundation, MakersPlace, NBA Top Shot, Nifty Gateway, Sorare, SuperRare, and Vcent. 

The potential to pocket income from NFT development is unlimited. The greater the number of artists, the higher will be the revenue and the total value locked (TVL). 

Owners of an NFT marketplace will receive auction fees, bidding charges, a commission from the primary sale, gas fees, listing charges, minting fees, and transaction processing charges.  

They can also receive extra income by organizing private sales of crypto collectibles to a small group of investors. They can also publish ads and offer subscription plans (monthly or yearly). 

What is the Cost of Custom NFT Development?

Numerous factors influence the budget of NFT development services.  It relies on the kind of blockchain network, the level of computing energy, the nature of the asset, and the popularity of the artist. 

Besides that, an NFT development services provider would offer post-deployment services. Entrepreneurs can offer a secure experience for artists. They can utilize solutions like the addition of payment gateways, digital marketing, layer 2 upgradation, legal compliance, scalability, smart contract auditing, and technical assistance.

Wrapping Up

Above all, it is an exciting time for entrepreneurs to join hands with a top-notch NFT development company.

“Facebook launches digital wallet Novi for storing NFTs, plenty of new NFT auctions and exhibitions are launched across the world, and VISA purchases CryptoPunks artwork for $150,000”. The frenzy is yet to stop for crypto collectibles. 

Globally, the market capitalization of digital collectibles is more than $32.15 billion. Hence, intelligent cryptopreneurs can use NFT development services and disrupt the market successfully. 

ByDavid Adamson

Top 10 Blockchain Trends 2021

A decade has already passed since the inception of the evolving blockchain technology. Blockchains are immutable records of data managed and operated by computers. Because of this elite feature, they provide much-needed data security. 

The colossal surge and demand of blockchain technology help to drive digital transformation. Each industry niche is adopting blockchain to ensure safe and transparent business transactions. 

Bitcoin and other cryptocurrencies are also gaining attention. It highly boosts the demand for blockchain technology. 

The blockchain technology market size was estimated at USD 3.67b in 2020 worldwide. As per the prediction, it will grow 82.4% CAGR from 2021 to the end of 2028. 

The blockchain technology market size was estimated at USD 3.67b in 2020 worldwide.

You might be interested to know about the blockchain trends in the year 2021. So, we have gathered some insights in this post. Have a look. 

#1. Permissioned Blockchain 

Permissioned blockchains are a kind of extra security system provided by the blockchain. They maintain an access control layer. So particular actions can be performed only by authorized members. That is the reason it is different from the private and public blockchain. 

From the starting of 2021, this blockchain has become vital. Eventually, it grows as a big supporter of the blockchain market growth. Before the end of 2021, financial reviewers assume that it will cover an extensive market. 

A private key in the permission or private blockchain provides proficiency and trustworthiness. Authorized nodes can be accessible to only certain users. 

Permissioned blockchains are not familiar to everyone such as other public blockchains. People who need safety, identification, and role definition, choose these blockchains. 

#2. DeFi (Decentralized Finance)

DeFi is still in the beginning phase of its emergence. The TVL (Total Value Locked) in DeFi contracts is $84.14B as of August 2021. 

DeFi is still in the beginning phase of its emergence. The TVL (Total Value Locked) in DeFi contracts is $84.14B as of August 2021. 

In 2021, DeFi transactions are widely accepted compared to their centralized variants. Basically, due to the health crisis, aspiring investors are choosing transactions of DeFi to become inventors.  

One of the best-known forms of DeFi that grab attention in 2021 is its lending platforms. DeFi transactions include purchasing coins and giving them for interest. These transactions are performed on decentralized exchange systems mounted with blockchain technology. 

It is the best for investors and borrowers. The investor gains via interest, while the borrower effortlessly accesses loans for investment. 

#3. Federated Blockchain

Federated blockchain or Consortium blockchain accept pre-selected participants. It is because this blockchain is not accessible to everyone (Semi-private). 

Bitcoin enthusiasts believe that federated blockchain will be accepted widely in the year 2021. It provides rights to private blockchain to tailor its outlook. A consortium blockchain is almost similar to a private blockchain but consists of additional features. 

  • It works under different authorities rather than a single highly reliable node. 
  • All the network-connected organizations pre-select the authority nodes. 
  • Particular groups maintain the network and verify a block. 
  • The restricted inner area is accessible to the group only. 

Hyperledger, Corda, and Quorum are examples of federated blockchain. 

When you want to deal with confidentiality, safety, and control, federated blockchain would be the best option. It changes the way enterprises function. Well, that is something we need to see in the future. 

#4. BaaS (Blockchain as a Service) 

BaaS is a model based on SaaS (Software as a Service) that functions similarly. BaaS is a third-party cloud-based framework. It manages organizations that are developing and operating blockchain apps. 

These third-party services are new progress in the rising field of blockchain. 

Blockchain technology is no longer limited to cryptocurrency exchanges only. It extends to deal with different types of transactions securely. So the demand for hosting services has also enhanced. 

BaaS works like a kind of web host. It runs the back-end operations for a blockchain-based app. BaaS may be the inspiration that leads towards an extensive acceptance of blockchain. 

BaaS offers an external service provider. It can set up all the required blockchain technology and base for free. Once established, the provider keeps managing complicated back-end activities for the customer. 

BaaS enables all types of companies to access blockchain technology. For that, they do not need to invest in in-house development. 

BaaS enables all types of companies to access blockchain technology. For that, they do not need to invest in in-house development. 

Source: https://bit.ly/37MyIGK

The BaaS manager usually provides support operations like,

  • Bandwidth handling
  • Proper distribution of resources 
  • Hosting demands 
  • Data security features 

#5. Hybrid Blockchain 

These blockchains are a mixture of private and public blockchain. So they also combine the benefits of both. Enterprises that do not want to deploy a private or public blockchain and want to leverage both to avail combined benefits will use Hybrid blockchain. 

Hybrid blockchain networks enable specific records to go public. On the other hand, keep the rest of the records confidential in a private network. 

Even though the integration of public blockchain, they still work in a private ecosystem to ensure security. 

When it comes to setting up costs, hybrid blockchain costs less. You can quickly and easily validate transactions because of its powerful nodes. 

It is expected that emerging cryptocurrencies will accept the hybrid blockchain in 2021.

  • Operates in a closed ecosystem without making everything public 
  • Get protection to 51% of attacks
  • Provides privacy
  • Provides improved scalability 
  • Enable rules to be modified as per the requirements 

#6. Social Network 

Blockchain-based digital networks can actually be the bright future of social media. The majority of people are worried about the data they have uploaded on social media. With decentralized social networks, users have more control and autonomy. 

  • Enhance the chances of social commerce 
  • Reduce frauds of advertisements 
  • Improved data security 
  • The platforms will be censor-free
  • Less scalability 

More and more social networks built using blockchain technology are anticipated to boost in the near future. A decentralized network will solve the issue of, 

  • Data management 
  • Privacy breaches 
  • Content relevancy 
  • Disgraceful scandals 

With decentralized networks, illegal user data usage can be avoided. Blockchain technology leverages cryptography to safeguard the interaction between users. That ultimately results in data security and privacy. 

Without any central authority, data usage is controlled by the users. They will get the freedom of what to publish and what not. Content moderation and sharing will be more efficient than ever before. 

#7. NFT (Non-Fungible Tokens)

NFTs have been all-encompassing in the digital space in the past few months. It is a fusion of crypto, VR, and a healthy dose of social media fever. 

NFTs are the virtual version of real-world assets (i.e., painting, games, sports cards, music albums, etc.). Anyone can sell their concepts online as an NFT. 

These assets are sold and purchased using crypto only. They are encoded with similar software and streamlines the transaction procedure. 

According to enthusiasts, NFTs are considered a significant aspect in the near future. It helps individuals to control their asset’s ownership. A single person can own the original and use blockchain entry for backup. 

Artists can monetize the virtual version of their artwork. They even get royalty if it is traded or changed after the first sale. 

NFTs have a unique identity code. Similar to the thumb impression, two NFTs are not identical. So production and transmission of fraud NFTs are pretty complex. One can not exchange it directly like cryptos. On purchasing an NFT, people get certificates secured with blockchain technology. 

#8. VC and SSI (Verifiable Credential and Self Sovereign Identity)

SSI is a new perspective associated with the way identity gets controlled in the digital space. Users can make and manage their own identities without depending on any centralized authority. 

SSI combines physical and e-authentication for secure, private, and efficient identity authentication. Users do not have to remember their keys or lengthy passwords. Instead, they leverage an app for that purpose.   

The app stores your private keys and a soft copy of your physical document. Everything is encrypted and automatically saved similarly to any other app. 

SSI has introduced the concept of VC (Verifiable Credential). It is now an approved W3C standard to exchange data with genuine proof. It is supported by public-key cryptography. It also performs with zero-knowledge proof that is highly complex privacy maintenance methods.  

SSI provides valid, globally compliant, and confidentiality-retaining credentials. It can manage and store the security of the user’s device. Users can show it to anyone, anywhere. Industries where personal identification matters can use it such as bank accounts, insurance, health care, loan, claim benefits, etc. 

#9. CBDC (Central Bank Digital Currency) 

CBDC is a virtual form of central bank money. It is a legal tender built and supported by a central bank. 

It depicts a claim against the central bank, not a commercial bank or any PSP(Payment Service Provider).

CBDC gets managed on a blockchain-based digital ledger. Thus, boost the payment security between banks, organizations, and persons. Ethereum is the best production-ready blockchain to utilize. It supports CBDC demands when it comes to scalability and privacy. 

Central banks manage the currency with blockchain-based CBDC. It safeguards the confidentiality and independence of the CBDC use to the end-users. 

CBDC rules are strongly coded in the protocol to assist compliance. For example, wallet limits or third-party accessibility to the system. 

Blockchain assures availability and flexibility of data with transparency about transaction records. Ethereum has proved its potential to support a very large network with more than 10k nodes and thousands of users. 

A blockchain-based CBDC gains from the visionary products/services built on the open-source blockchain system. It includes non-custodial wallets to have sole control of private keys, zero-knowledge cryptography without using a password or revealing any data, and DeFi. 

Ethereum is the biggest blockchain system globally and has more than 350,000 developers. 

#10. Finance and Blockchain 

Nowadays, trade finance is an expensive and time-taking process. Banking entities and shipping fleets testing blockchain to build smart contracts among different parties. It can be one of the fascinating areas to see. 

It is also interesting to look at what blockchain can provide to clearance, settlement, and other daunting operations. It is anticipated to offer more attention to security and tracking. 

Central banks worldwide leveraging blockchain when it comes to payment processes; Because it offers high security and increased speed with minimal costs. 

Blockchain’s peer-to-peer system for transactions is disrupting the old school methods to transfer funds globally. 

Smart contracts also keep you away from human errors that occur during manual form fill-ups. Banking entities are always keen to use this kind of system because of the lower risk while transferring funds in real-time. 

The banking sector is also trying to set up a shared ledger utilized to store customer identities securely. 

It will be easy for Syndicated banks to mitigate the complexity and efforts needed to address local taxation and governing rules.  

Summing up

Blockchain technology is disrupting the digital world and offers tremendous welfare to each industry niche. Even after confronting some difficulty in the past years, blockchain remains a desirable technology. It is expanding its potential towards new professions. 

We could actually go on and on in listing blockchain trends as its use cases are growing consistently. Nowadays, ideas like using blockchain for content streaming, NFTs, CDBC, digital identity, everything is becoming a reality. 

It is the year 2021 and we can leverage blockchain technology,

  • To secure personal/confidential detail
  • Customized access 
  • Tokenize any assets 
  • Boost company performance 
  • Increase company revenue 

Soon, we will probably stop talking about the blockchain as an emerging technology as it is becoming a standard. 

However, at the present day, blockchain project implementation is still a complicated task. You need to connect with an experienced blockchain development company that has a strong portfolio of successful assignments. 

Blockchain experts will aid in discovering each aspect of the advanced technology. So you can evaluate its pros and cons and get customized solutions as per your preferences.

ByDavid Adamson

NFT Marketplace Lists: Develop Your Own Like Others [NFT Marketplaces Ideas]

NFT stands for non-fungible token. NFT Marketplace is the platform where NFTs can be buy, sell, trade, display and created. If you want to develop your own platform and looking a solid ideas for NFT marketplace, you are at the right place.

In this blog we are going to share with you a list of NFT marketplaces and brief detail of how you can develop and marketing your own NFT marketplace like Rarible, Opensea, Superrare, Foundation, Poikacity, Decentraland, Gods Unchained, NFA Topshots, Nifty Gateway, Atomic Market, Axie Infinite, MarkersPlace and Cryptopunks. So without any delay, let’s get started.

Introduction of NFTs and NFT Marketplaces 

Blockchain technology, by itself, it’s relatively new. It all started with the introduction of bitcoin in 2009, and it is unbelievable that technology that is not even 15 years old has undergone so much transformation in a little over a decade.

Every year, there is something in the world of blockchain that gives huge popularity and becomes a technology heartthrob for aficionados. The latest addition to this list is the concept of non-fungible tokens or NFTs as they are commonly known. 

The history of NFTs can be traced back to 2014, but they had to wait for about 6 1/2 years to gain their well-deserved popularity. NFTs have grown to be more than a $200 million market in the past nine months, out of which 90% happened in February 2021.

The interesting, intriguing, and for entrepreneurially inclined, a lucrative part of this NFT revolution is that we have not even scratched the surface. It presents a profitable business opportunity for anyone who intends to start their own NFT marketplace.

While it cannot be denied that the business idea by itself is quite nascent, there are a few established and popular NFT marketplaces that have, in their own ways, shown how to build a perfect NFT marketplace by incorporating the best of the features that they offer and of course, by eliminating the flaws that they have.

Top 13 NFT Marketplaces List and Ideas

Let us look at the list of top 13 different NFT marketplaces and how you can get inspired to develop your own NFT marketplace from their ideas.

NFT Marketplace
  • NFT Marketplace like Rarible
  • NFT Marketplace like Opensea
  • NFT Marketplace like Superrare
  • NFT Marketplace like Foundation
  • NFT Marketplace like Polkacity
  • NFT Marketplace like Decentraland
  • NFT Marketplace like Gods Unchained
  • NFT Marketplace like NBA Topshots
  • NFT Marketplace like Nifty Gateway
  • NFT Marketplace like Atomic Market
  • NFT Marketplace like Axie Infinity
  • NFT Marketplace like MarkersPlace
  • NFT Marketplace like CryptoPunks

NFT Marketplace like Rarible

Rarible has become a synonym for NFT marketplaces. It probably is the first prominent name that skyrocketed in popularity, making it a common ground for creators and art collectors to collaborate over the digital space.

It will not be an exaggeration to say that Rarible laid the foundation for mini NFT marketplaces that can be considered market leaders today. Perhaps, the biggest selling point for Rarible was its simplicity and its intuitive user interface that made it a breeze even for the technically uninitiated to use. This ensured that the artist did not depend on any external talent to showcase their art on Rarible.

NFT Marketplace like OpenSea

NFT Marketplace like OpenSea

OpenSea follows closely on the heels of Rarible when it comes to NFT marketplaces in terms of popularity. You know that OpenSea is a renowned name when 20th Century Fox partners with them to sell special edition digital posters of Deadpool two.

OpenSea showed to the world that there is no point of saturation when it comes to the crypto market. It is possible for two big fishes to exist peacefully in this large ocean.

NFT Marketplace like SuperRare

SuperRare extends the utility value of NFT marketplaces. Instead of functioning as a marketplace, confining itself to just transactions, SuperRare extends its utility into social networking. It means that on a marketplace like SuperRare, sellers can interact with creators, and both sellers and creators can form communities to discuss NFTs, their trade, the values, and the market in general.

NFT Marketplace like PolkaCity

PolkaCity presents itself more as a platform for decentralized finance in addition to being a marketplace for NFTs. PolkaCity extends its utility by creating virtual spaces where users can buy a wide range of assets in a virtual city, presenting complete virtual experiences that include taxis, police stations, and services.

You can invest in these virtual assets, and they give real-world returns. PolkaCity is a perfect confluence of everything that blockchain technology is capable of, including decentralized finance, NFTs, and of course, the virtual universe. The PolkaCity ecosystem has its own token and is built on Ethereum.

NFT Marketplace like Foundation

Foundation presents itself as a creative playground for artists, curators, and collectors. They have explicitly stated on their website that they aim to give these people an experience of a creative economy. The fact that it has been named “Foundation“ is a resounding testimony to the vision and mission that this platform holds for NFT creators and collectors.

NFT Marketplace like DecentraLand

The biggest revolution that NFTs have brought into the crypto/blockchain world is that they have not confined themselves to being purely transactional. DecentraLand is a fine example of that. DecentraLand is, in essence, a 3-D virtual reality platform that is powered by Ethereum. It is not even two years old, and it has already made waves in the crypto world. It is also a good example to show that even some of the most unexpected countries like Argentina can produce renowned NFTs and decentralized virtual ecosystems.

DecentraLand also shows that a good NFT marketplace with vision can attract investments from some formidable names. In June 2018, A digital real estate investment company paid close to $1 million for 259 parcels of DecentraLand with a vision to build a city styled after shopping district in Tokyo.

NFT Marketplace like Gods Unchained

Gods Unchained, as you may have known, it’s a digital card game that provides players with a sense of true ownership for their collection. It also gives players a facility to trade on open marketplaces. Every guard on Gods Unchained is, in essence, an NFT on Ethereum.

One of the earliest use cases for NFTs was in the world of gaming where it aims to decentralize gaming assets and to create complete gaming ecosystems. Gods Unchained is a fine example of how the world of gaming can immensely benefit from NFTs and could even grow so big that it can become a standalone NFT marketplace.

NFT Marketplace like NBA Top Shots

The National Basketball Association jumping into the NFT bandwagon is one of the most epoch-making moments in the history of both basketball and NFTs. NBA Top Shots facilitate the purchase of moments or short videos in the games and make fans claim ownership over it. The fact that the NBA has officially endorsed it can be considered a quantum leap because of the patronage it receives from renowned sporting bodies.

If every country and every game brings an NFT marketplace like NBA Top Shots, it will open up the floodgates of both participation and profitability.

NFT Marketplace like Atomic Market

Atomic Market, by definition, is a shared liquidity market smart contract that is used by multiple websites to provide the best possible user experience. This can be considered one of the most important quantum leaps for both NFTs and for the crypto world at large. Instead of creating marketplaces alone, there are businesses that have been striving to create smart contracts that facilitate easier trading of NFTs.

NFT Marketplace like Nifty Gateway

For every Toyota, there is a Lexus. This is precisely what the above NFT marketplace positions itself as. In a world of marketplaces springing up like mushrooms after rain, this marketplace claims itself to be a premium marketplace for NFTs. This opens up new possibilities because the world of digital collectibles is bound to have a line of demarcation between what could be considered consumer assets and premium assets.

NFT Marketplace like Axie Infinity

We have been talking a lot about how NFTs have unified blockchain technology with gaming. There have been attempts to unify gaming in popular culture with new technology like the blockchain, and Axie Infinity is a good example of it. It used the game mechanics of Pokémon and was created in the country of Vietnam. It made its most expensive collection of NFTs in June 2021 with more than $42 million in sales. It is built on the Ethereum blockchain.

NFT Marketplace like MakersPlace

The very name of this marketplace puts its focus on the makers or the creators. This shows that the NFT landscape is slowly tilting towards creators rather than being all about technology. The moment it transitions from being sent to the wrong technology to being centered around people who facilitate the trade, the platform is bound to be a runaway success, and MakersPlace is a great example of the possibilities when it comes to this space.

NFT Marketplace like CryptoPunks

CryptoPunks is sandwiched somewhere between the first NFT and the NFT rush! It was released in June 2017 as one of the first NFTs on the Ethereum blockchain. It was inspired by the punk scenes of London, and it even had the electronic music artist Daft punk. There are only 10,000 CryptoPunks that introduce the factor of rarity, making it unique and limited.

All these NFT marketplaces go on to show that you can incorporate multiple features into your NFT marketplace and also ensure that you understand your customers before you develop your NFT marketplace like the above NFTs!

NFT Marketplace like CryptoPunks

Conclusion

On the surface, it might seem, as an aspiring crypto entrepreneur, that you are late for the party. However, it is always better to learn from the mistakes of others and to stand on the shoulders of giants. This is precisely the case with NFT marketplace development. If you would like to launch your own NFT marketplace, now is the perfect and the right time for you to do it.

It might be a hassle to develop your NFT marketplace from scratch. You can either go for a white label solution that replicates the features of any one of the successful NFT marketplaces mentioned above or even mix and match the features, so you have a custom-made marketplace that will brim with features of your choice, so you can create the next big thing in the NFT landscape.

ByDavid Adamson

Now is the right time to buy a White-label NFT Marketplace platform

Is there any asset that can be easily bought and also has a high value? Yes, it is none other than crypto collectibles. More than 1 million digital collectibles are present in the world now as per NFT marketing agency CoinRanking. 

Where does the trading of these Non-Fungible tokens occur?

It occurs on a robust marketplace that functions on an immutable blockchain network. However, not every entrepreneur can build an NFT marketplace from scratch. It involves huge expenditure on human resources and tech stack. Hence, they can select a viable alternative by purchasing a white-label NFT marketplace

A skilled mobile app development company will add advanced features and functionalities to the NFT trading platform. This will help cryptopreneurs to handle auctions, bids, the listing of collectibles, and the processing of transactions. 

What are some latest stats related to NFT marketplaces?

  • Investors continue to throng two platforms, OpenSea and Axie Infinity for trading digital collectibles. They have a daily trading volume of $59.60 million and $28.89 million according to DAppRadar.  Interestingly, both these NFT marketplaces operate on the Ethereum blockchain network. See the list of NFT marketplaces.
  • Crypto enthusiasts purchased 56,648 Non-Fungible Tokens (NFTs) valued at $219.17 million in the last 7 days. Further, this number increased to 225,689 digital collectibles worth $763.25 million in the previous 30 days. 
  •  The NBA Top Shot NFT marketplace has sold the highest number of NFTs (86,79,101) so far as per CoinMarketCap. It is more than the sales of Axie Infinity (27,58,499) and Sorare (352,546). 

Are there any new NFT marketplaces in the industry?

The world of crypto collectibles is buzzing with innovative developments.  Some of the brand-new NFT trading platforms are AFEN, DraftKings, Jumbish, Meta World, Monaco Market, Revival, Rocket Global, and Werewolf Exchange. 

Investors are purchasing more digital collectibles in the form of artwork, fantasy sports prizes, gaming accessories, luxury items, real-world goods, and virtual rocks. NFTs are also becoming a rage in numerous industries like e-commerce and fashion. 

What are the listed asset standards on a White-label NFT Marketplace?

For instance, 3 popular blockchain networks have come out with guidelines and standards concerning the creation of Non-Fungible Tokens (NFTs). It comprises BEP-721 and BEP-1155 (Binance Smart Chain), ERC-721 and ERC-1155 (Ethereum blockchain), and TRC-721 (TRON). 

All the crypto collectibles contain a unique Token ID. They are represented by a token pair contract address. Importantly, every NFT comes with special properties like immutability in data storage, indivisibility, non-interchangeability, permanent proof of ownership, and scarcity. 

For example, OpenSea, the largest NFT marketplace by trading volume, sells multiple kinds of ERC-721 and ERC-1155 assets. Prospective investors make bids through live auctions. They purchase artwork, domain names, music (albums and tracks), pixel cats, sports goods, trading cards, and virtual worlds. 

Why is a filter and search option a special feature of a ready-made NFT marketplace?

Generally, all the NFT marketplaces in the world categorize digital collectibles into various categories. Moreover, several thousands of crypto collectibles are getting minted and listed every day. Hence, traders need to make a proper decision. 

Investors need to submit their bids on time whenever the auction starts. Interested buyers can manage this obstacle by using the advanced Filter and Search mechanism.  

They can pick their desired NFT by checking the Price (Minimum and Maximum in BUSD, ETH, WETH) and Status (Buy Now, Has Offers, New, and On Auction). The Rarible NFT marketplace also provides other filters like (Most Liked and Verified Only). 

Moreover, the OpenSea NFT marketplace makes things more simple as traders can choose digital collectibles based on the type of blockchain network. They can select between Ethereum, Klaytn, and Polygon. Later, the best-performing and highly demanded crypto collectibles are showcased to them.  

Why is this the right time for Whitelabel NFT marketplace development?

Quick accumulation of wealth – Multi-million dollar NFT sales are becoming quite common. For example, Axie Infinity, the online gaming-oriented NFT marketplace recently crossed $1 billion in total sales. Globally, crypto collectibles have a 24-hour trading volume of $6.48 billion as per CoinMarketCap.  Hence, entrepreneurs can courageously acquire a Whitelabel NFT marketplace and move ahead. 

Safe trading – For instance, the Rarible NFT marketplace has introduced an option called Verified Sellers. Buyers can use this filter while discovering their favourite crypto collectibles. Hence, they are protected against duplicate and fake NFTs. 

Apart from checks like Anti-Money Laundering (AML) and Know Your Customer (KYC), entrepreneurs can also request artists to verify their work before listing or uploading it. Therefore, this ensures a higher level of credibility. Likewise, investors can buy the Non-Fungible Tokens (NFTs) uploaded only by popular artists with a high rating or positive reviews. In the long run, NFT marketplaces that consider factors like safety and security will get more daily active users, sales and trading volume. 

Swift expansion of business operations – Several NFT trading platforms like AlchemyNFT, MakersPlace, OpenSea, Rarible, Sorare, and Vcent raised millions of dollars from venture capitalists (VCs) in 2021. 

They will use the fresh funding to add new features like credit card payments and gas fees-free selling, launch primary and secondary marketplaces on different blockchain networks, and also turn into a powerful Decentralized Autonomous Organization (DAO).  

Wrapping Up

Going forward, intangible assets like Non-Fungible Tokens (NFTs) will continue to break new records. Crypto collectibles are also integrating with the exciting world of Decentralized Finance (DeFi) through lending and yield farming projects.  

NFTs are also getting rapid traction at iconic tourist spots like Times Square, New York. Clothes, digital billboards, football-related trading cards, music concerts, and profile pictures are also getting aggressive bids from crypto enthusiasts. 

Of course, NFT marketplaces act as the building blocks for all these lucrative trading deals. They share crucial information about hot bids, top buyers and sellers, and trending collections. 

Likewise, a White-label NFT marketplace is a reward-oriented decision for entrepreneurs. They can invest a smaller amount and reap more returns. Further, crypto collectibles give extra power to artists and publishers. It has changed the rules of content distribution by eliminating the role of middlemen.  

Therefore, cryptopreneurs can reveal their business plans and operational scope to a White-label NFT marketplace development company. Finally, they can start off auctioning digital collectibles and fill their cash box easily.   

ByDavid Adamson

Benefits Of Mobile Apps In Cryptocurrency Trading Business

Today the world is driven by technology. Traditional means of trading, such as real estate and stocks, are no longer the trend, but Mobile apps in cryptocurrency trading are taking over the market. What types are there on the market and what are their main benefits? Let`s find out!


Mobile Apps for Cryptocurrency Trading

Today, it is almost impossible to trade cryptocurrency professionally without using a mobile app development. The definition of cryptocurrency itself proves that point, because the Internet payment method, which promises decentralization and compatibility as well as usability worldwide, cannot be tied to desktop computers only.

That’s why there is hardly any other area of finance that is designed for use on mobile devices as cryptocurrency payment methods.

Not only does a cryptocurrency app allow users to follow the market anytime, anywhere, and not be surprised by rapid changes, but it also offers great convenience. In addition, the cryptocurrency app serves as a kind of command center in their pocket, decisions can be made quickly and thanks to the mobile Internet in real-time.

What Types of Apps Are There on the Market?

Types of crypto applications include trading applications, asset management applications, information collection applications, and wallet applications, etc. Let`s take a look at each option closely.

Trading Application


In general, you have a variety of options for using cryptocurrencies for so-called crypto-trading. One of the options is, of course, the classic buying and selling of cryptocurrencies at different rates.


First of all, the advantage of having rates for many cryptocurrencies in one cryptocurrency app. In addition, you are much more flexible than if you had to go online every time you check current rates on your home computer.

You can keep an eye on your investments when you’re away from home, in a coffee shop, on the bus, or even on a hike, and react immediately if you get the latest financial sector news. In addition, the security of your trading increases exponentially through the use of the cryptocurrency app.

Asset Management App


One can collectively manage the crypto assets it holds and check the total number of assets in real-time. An alert feature that sends a notification when a specified price is reached is also handy.

News Apps


Cryptocurrency trading applications are also being used for information gathering.


There are numerous apps about cryptocurrency trading with extensive content for beginners. Which is one of the main advantages why such apps are good for business.

Cryptocurrency apps are a great entering point for beginners.

In the topic of crypto, you need to keep your finger on the pulse. So such apps can gather news feeds from popular sites.

Crypto Wallets

For those who use bitcoins daily to pay for goods, the BTC mobile wallet is an indispensable tool. It runs through an app on your smartphone and allows you to pay directly from your cell phone while saving private keys. In addition, some apps allow you to use NFC tags. This means that all you have to do is swipe your smartphone across the reader without revealing any information.

Now let`s go into more detail about the advantages of cryptocurrency apps.


More Safety Compared to Websites


Smartphone security is important. Of course, this also applies to cryptocurrency apps.


First of all, many trading platforms use a smartphone to enhance security measures. For example, the trading platform Binance uses apps to add double verification, thereby protecting users from potential hackers.

According to Statista, 70% of hacking attacks are aimed at websites.

However, it is still crucial to carefully examine a company’s security features before downloading a trading or wallet app from the Google Play Store or App Store.

Always pay attention to two-factor authentication and internal encryption to keep your coins as secure as possible.

A Higher Number of Trades

Such investors trade more actively than those who trade via computers or laptops. On average, a smartphone investor makes 10 trades a month, while a laptop investor makes 5.

A survey of crypto-traders in more than 70 countries revealed that 83% of traders use smartphones to check the rating of the exchange. Checkout the list of top crypto exchanges which have mobile app too.


The reason for it is simplified UI/UX, transparency of information, and the ability to use smartphones anywhere.

Bigger Investments


Using mobile apps, investors tend to spend more money on trades.


According to researchers, this investor behavior is largely due to the design and functionality of mobile trading apps. Some are deliberately designed to increase the number of trades.


The colors used in the app serve as triggers. They often use red and green to motivate an investor to make a quick decision regarding the purchase of certain stocks.


The appearance of these colors indicates a deliberate incentive to make more trades.

Wrapping Up


Starting to trade on the stock market with a crypto trading app is now very easy. For now, crypto apps are still mostly offered by large brokers and exchanges that present their special offerings.
On the other hand, many apps are more informative and do not allow trading, but offer wallet organization and portfolio options.

They are mostly useful for beginners who are just starting their way into the world of crypto-trading.