Blockchain technology is the crystallization of Satoshi Nakamoto’s finance decentralization dream. It is on account of this technology that the concept of distributed public ledgers for efficient and transparent financial transactions has come to fruition.
But there are many blockchains around now, each with its standard tokenization, approach, infrastructure, and design. Faced with this variety, what would you choose? Would you pick out efficiency and diversity, for example, over innovativeness and emerging popularity? If you are the majority of sharp crypto traders, investors, and enthusiasts, you would decide on a blockchain that has everything to offer, including a host of innovative tokens. This is what the Binance Smart Chain (BSC) is all about.
BSC is one of the newest blockchain networks on the block. The network’s architecture is innovative and flexible, so it accommodates a massive data storage infrastructure and allows transactions to run at the highest speed possible.
BSC is popular not only because it is innovative but also because it supports smart contracts. The governance of the network is also community-based, so it uses the proof-of-staked-authority model to drive operations and transactions.
Quite a number of valuable tokens can be found on BSC. These include the LOTT token (which serves as both the blockchain-traditional transaction token and a gaming token), the BSC-native BNB token (which is one of the top BEP-20 tokens), and many others.
So, we have written this article on the top 10 innovative tokens that were built on BSC and therefore utilize the blockchain’s network features with optimized precision.
Let's not kid ourselves: everybody is in crypto to make money. Be it venture capital or retail investors, the ultimate goal is profits, lots of it. Enough profits to retire for good on some sunny beach in South America.
Okay, fine, there are more noble goals in cryptocurrency beyond the pursuit of more wealth. There's decentralizing the means of exchange away from government and corporation control. There's the building of next-gen internet apps on blockchain technology. There's various novel approaches to finance, games and real estate. And there's the ongoing exploration of the blockchain-based metaverse.
Most people who jumped early on the bandwagon of projects like the above have already smiled to the bank. Cryptocurrency has made millionaires out of many; it will make many more. One of the newest and best ways to accumulate huge gains in crypto is through non-fungible tokens (NFTs).
NFTs combine blockchain tech and the idea of collectibles into a unique token of burgeoning popularity. They're the latest money-spinning method in crypto for those who are savvy enough to take advantage.
NFTs (non-fungible tokens) are the new craze. From youngsters still in High School to practicing stock market profiteers, everybody is talking about NFTs. But why? Are they that big a deal? Are NFTs popular because of the earlier craze of blockchains and cryptocurrencies? Is there more to the story than you know? These are good questions. NFTs ought to have special characteristics to measure up to their popularity in today’s low-span-attention world. And they do. So, here are a handful of NFT attributes that set the token apart from the other elements of the blockchain enterprise.
Non-fungible tokens (NFTs) are the newest instrument for maximizing the novel aspects of blockchain technology and its business applications. The many characteristics of these elements of decentralized transactions suggest that it is reliable, impartial, and likely to propel you to wealth extraordinaire.
Now, while NFT-based projects are generally precious beyond measure, there are more than enough of them to go around. This is especially so for 2022, a year that we are all expecting to be markedly better than its predecessor.
So, we want to present you with something of a solid alibi for clocking your first million, first tens of millions, if hundreds of millions. Not to mention, you might even make a billion dollars if you smartly pit your investment in the following projects against the uncertainties of the new year.
For a long time, decentralized Finance (DeFi) took all the attention in the crypto space. Now there's a new kid on the block: GameFi. The crypto GameFi sector is already worth billions of dollars, fuelled by the hype around play-to-earn innovations and the metaverse.
Many people are making big bucks from NFT games and you don't have to be an exception. The biggest crypto games have already amassed millions of dedicated players. You can join the fray by buying their utility tokens and pitting your wits against other players. If you're good, you can earn a steady stream of cryptocurrency rewards which you can then sell on an NFT marketplace, or on an exchange.
For newbies to the scene, knowing what NFT games are and knowing how and where to buy chain games crypto is important.
Playing NFT games has become a legit source of income. These play-to-earn crypto games blend gaming on the blockchain with a reward economy. Players are rewarded with real money for progressing through game levels, winning contests, or simply playing the game.
In traditional gaming, experience points and game assets like weapons, skills and skins have no monetary value beyond the game. In P2E games, you can sell your tokenized game assets (NFTs) for real money. Their value also obeys the standard laws of demand and supply.
Aside from the game assets, playing games can also net you liquid rewards in form of the in-game utility currency. For the more popular games, these tokens are already listed on exchanges so you can sell them off easily for cash. Moreover, the game sector in crypto keeps expanding so you can hold and stake the tokens to earn even more and sell at higher value.
All NFT games are built atop existing blockchain infrastructure. The Ethereum blockchain remains the most popular crypto network for GameFi. Others like Binance Smart Chain, Solana, and Flow also play host to significant crypto game projects.
Most of the NFT games out there require users to have either the native token of the blockchain or the utility token of the game, to begin. This begs the question of where to buy these tokens.
For blockchain tokens like Ether, Solana, KRRX and BNB, you can easily buy them from a centralized exchange. You can also get them from chain-focused decentralized exchanges using the compatible version of a stablecoin like USDT, USDC or BUSD.
What about the in-game tokens? If you're wondering "where can I buy chain games crypto?", wonder no more.
Some game utility tokens can be bought from popular centralized exchanges. They are very popular and have outgrown their original game ecosystem to become normal cryptocurrencies for investors and speculators. Examples are Axie Infinity (AXS), The Sandbox (SAND), Rune (RUNE) and Decentraland (MANA).
Some other NFT games are still in the early stages of development and/or are less mainstream in the crypto world. Most of these can only be bought on niche exchanges like Gate.io or decentralized exchanges linked to the native blockchain platform.
Once you've got your tokens, the next step is to visit the website of the NFT game and start competing with other players.
Here are seven popular blockchain NFT games that offer players the chance to earn big rewards.
While blockchain technology is redefining the financial space, it’s also disrupting other aspects of human life. NFTs are the new craze in town. They’re changing how we view ownership. These digital assets are selling for millions, with a market size well over $2 billion. In this article, we’ll unpack the NFT phenomenon. You’ll find out what they are, their uses, how to mint and trade your own NFTs, and everything in between.
To understand the meaning of NFTs, it would be a good idea to know the difference between fungible and non-fungible assets. Fungible assets can be substituted with similarly valued assets, like money. However, non-fungible assets cannot be interchanged. For example, you can loan a friend $20, and when they pay back, they can return the same value in four $5 notes. Other assets like Bitcoin or stocks are also fungible. For instance, one Facebook share is equal to another, and 1 BTC on your wallet is the same as another wallet.
Non-fungible assets, on the other hand, have unique properties that you can’t substitute. This means there’s only one specific item in the world. A non-fungible asset could be the original version of a painting or a house. Take the Mona Lisa or van Goh’s The Starry Night, for example. You can reprint them or take pictures, but they’ll only have one original version. Now, non-fungible tokens can be seen as digitized proofs of ownership for physical or digital assets. They’re unique tokenized assets issued on a blockchain. You can buy and sell them like other real-world assets like property or paintings.
Buying an NFT means transferring ownership of the underlying asset to yourself. This could be art, music, domain names, or houses.
Like cryptocurrencies, NFT transactions are stored on a blockchain or distributed ledger. This makes it difficult to forge them or falsify ownership. Instead, you only have to look at the blockchain to know who owns a particular non-fungible token.