What Is Liquid Staking?

Key Takeaways Introduction Liquid staking is an innovative concept that allows users to enhance the utility of the digital assets they stake. This quick guide explores the fundamentals of liquid staking, how it works, why it matters, its pros and cons, and how it differs from other forms of staking. What Is Liquid Staking and … Read more

What Is NFT Virtual Land in the Metaverse?

NFT virtual land is an ownable area of digital land on a metaverse platform. Popular NFT land projects include Decentraland, The Sandbox, and Axie Infinity. NFTs are suited to representing land ownership as each one is unique and easily proves digital ownership. You can use NFT land for advertising, socializing, gaming, and work, among other … Read more

What Are Smart Contracts and How Do They Work?

Key Takeaways What Is a Smart Contract? A smart contract is a self-executing digital agreement written in code and stored on a blockchain. It can operate without the need for intermediaries, leveraging blockchain technology for increased security and transparency, providing users with a way to enforce agreements and streamline various processes. Smart contracts are particularly … Read more

What Is the Metaverse?

The metaverse is a concept of a persistent, online, 3D universe that combines multiple different virtual spaces. You can think of it as a future iteration of the internet. The metaverse will allow users to work, meet, game, and socialize together in these 3D spaces. The metaverse isn’t fully in existence, but some platforms contain … Read more

What Is Crypto Staking and How Does It Work?

Key Takeaways What Is Staking in Crypto? Staking is the process of locking up a certain amount of cryptocurrency to help secure and support the operations of a blockchain network. By doing so, stakers are rewarded with additional cryptocurrency, making it a popular method for investors to earn passive income. Staking is an important part … Read more

What Is GameFi and How Does It Work?

What Is GameFi? GameFi is a fusion of blockchain technology, decentralized finance (DeFi), and gaming. It refers to play-to-earn blockchain games that offer economic incentives to players for participating. The GameFi ecosystem uses cryptocurrencies, non-fungible tokens (NFTs), and blockchain technology to create a virtual gaming environment. Typically, players can earn in-game rewards by completing tasks, … Read more

Decentralized Application (DApp)

What Is a DApp? Decentralized applications, or DApps, are applications that are built on blockchain technology to create more transparent, secure, and inclusive systems. Regular applications are typically controlled and operated by a central entity, such as a company or organization. DApps, on the other hand, run on a blockchain and operate autonomously, relying on the collective … Read more

What Is Web3 and Why Does It Matter?

The Internet is a constantly evolving technology that continues to innovate. So far, we’ve experienced Web 1.0 and 2.0, and there’s much discussion of what to expect from Web3. Web 1.0 provided a static experience for users without the ability to create the content-rich sites we have today. Web 2.0 brought us together with social … Read more