The blockchain allows us to track the history and origin of all assets created on it. Because of this, NFTs are a common way for artists to mint works that, among many other features, can be easily authenticated. The authenticity of an object is something of great controversy in the art and collectibles world. Physical … Read more
The modern on-chain economy can be described as follows: The blockchain provides trust to DApps and, in return, receives fees. This enables an ecosystem where startups don’t need reputation or trust. Anyone who trusts the blockchain and verifies the DApp code can use it. Optimistic and ZK rollups outsource execution while proving computation to Ethereum … Read more
Inscriptions have taken down multiple chains and caused huge gas spikes over the last couple of days. However, very few people actually understand what’s going on. Here’s a simple explanation of inscriptions – how they work and why they’re being spammed everywhere. The concept of Inscriptions started with Bitcoin’s Ordinals. Ordinals allow data to be … Read more
Ordinals were first launched on the Bitcoin mainnet on January 20, 2023. They are the latest way to create NFT assets on Bitcoin. Ordinals are means of creating Bitcoin NFTs by attaching data such as images, videos, and more to an individual satoshi on the base Bitcoin blockchain. A “satoshi,” or “sat,” is equivalent to … Read more
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The recent Arbitrum airdrop has given users between $2,000 to $10,000 for interacting with the layer 2 blockchain. Here is another potential airdrop opportunity in 2023: Starknet is a permissionless decentralized Rollup L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation without compromising Ethereum’s composability and security. Starknet’s token has … Read more
Aztec Network has raised $100 million in Series B financing led by a16z crypto, with participation from A Capital, King River, Variant, SV Angel, Hash Key, Fenbushi, and AVG. The goal at Aztec is to take the original promise of Ethereum–a decentralized and verifiable world computer–and expand its capability immensely by making it fully encrypted. … Read more