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Category: blockchain

Creating and Manifesting NFT Universes With Artist, Latashá

BeinCrypto spoke to Latashá Alcindor, a multi-disciplinary artist making groundbreaking strides with her non-fungible token (NFT) drops. She discusses the opportunity this space provides and what it’s like building these new worlds. Web 3.0 and blockchain technology is often discussed as the mechanism to individual freedom. Cryptocurrencies, NFTs, and decentralized finance (DeFi) are considered the … Continued

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Accelerating Adoption — What DIDs Add To The Blockchain Ecosystem

The future of crypto is interoperable. That’s becoming clearer with every new cross-chain bridge and Layer 2 launch. But for crypto to truly scale into an ecosystem without walls, there is one key ingredient: decentralized identifiers, or DIDs.

The post Accelerating Adoption — What DIDs Add To The Blockchain Ecosystem appeared first on BeInCrypto.

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When Gaming Makes You Money: The New World of Play-to-Earn Gaming

No one would have believed in the latter half of the 20th century that one could earn a living from gaming. Yet, we are steadily moving towards that world. Presently, a breakthrough is unfolding in the gaming sector, leveraging cryptocurrencies, decentralized exchanges, and NFTs.

The post When Gaming Makes You Money: The New World of Play-to-Earn Gaming appeared first on BeInCrypto.

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DeFi Deep Dive — Gnosis, Building New Market Mechanisms for DeFi

Decentralized Finance (DeFi) focuses on righting the wrongs found in traditional finance. Gnosis is one of these trustless DeFi vanguards, delivering a comprehensive approach to Finance 2.0.

The post DeFi Deep Dive — Gnosis, Building New Market Mechanisms for DeFi appeared first on BeInCrypto.

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Making Crypto and Charity a Win-Win With World of Waves COO Kristjan Tot

BeinCrypto spoke to Kristijan Tot, COO of World of Waves. He discusses building conservation-focused crypto and why sustainability is making a name on the blockchain. Sustainability is a buzzword that has made its way through every industry. From fashion to food, being sustainable and caring about your personal impact on the environment has ramped up … Continued

The post Making Crypto and Charity a Win-Win With World of Waves COO Kristjan Tot appeared first on BeInCrypto.

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Third Time’s A Charm: Establishing Secure Data and Identities In Web 3.0

The internet is currently in a liminal phase. It is sitting on the precipice of changes that will shake up human life in ways that we could have only imagined ten years ago. Web 3.0 is the internet’s third iteration. It is seeing the digital sphere become more open-source.

The post Third Time’s A Charm: Establishing Secure Data and Identities In Web 3.0 appeared first on BeInCrypto.

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Visa Is Building A Payment Channel Network On Ethereum

Visa has been active in engaging with crypto, and this week is no exception. Reports have emerged that the payment facilitator and financial services firm has deployed it’s first smart contract on Ethereum Testnet. The move isn’t the first to signal Visa’s increased acceptance to adopt crypto in their operations. Visa’s Universal Payment Channel The company is showing clear investment in becoming a leader of payment processing through central banks via crypto. Visa’s first smart contract deployment was a payment channel accepting both Ether and USDC. This is a conceptual protocol in development by the payment processor that will enable interoperability between central bank digital currencies (CBDCs), called a “Universal Payment Channel,” or UPC. The timing is appropriate given the global discussion around CBDCs. This week alone, Nigeria is looking to be the first country in Africa to launch a CBDC, the Bank of England has released it’s CBDC forum members, and New Zealand’s Central Bank has sought public feedback on CBDCs. Of course, the biggest story in the speculation is China’s recent bitcoin ban paired with rumors of the country’s exploration of a ‘digital yuan.’ Through it all, it’s safe to say that crypto and centralized currencies are at the forefront of most countries treasury departments lately. Visa’s UPC is being built to support different CBDCs across a variety of blockchains. The company’s head of crypto, Cuy Sheffield, described the initiative as a “longer-term future thinking concept around a way that Visa could potentially help become a bridge between one digital currency on one blockchain and another digital currency on another blockchain.” Ethereum testnet is host to Visa’s first take at a Universal Payment Channel protocol. | Source: ETH-USD on TradingView.com Related Reading | Crypto Analyst Says Ethereum Market Is A “Ticking Time Bomb”, Here’s Why It’s All Part Of The Plan This week’s development is far from the first move from Visa to dig their heels in crypto. Last month, the company purchased a CryptoPunk and released a positive perspective around NFTs. And at the midpoint of 2021, the company shared that over $1B had been spent on crypto-linked Visa cards on the year. Through it all, Visa has shown a clear favorite in Ethereum as well, and now is utilizing the chain once again with the Universal Payment Channel. The company’s clear engagement with Ethereum could prove fruitful to establishing further institution buy-in for the blockchain. In the corresponding UPC research and insights report released by Visa, the company shows a clear desire to be a “network of blockchain networks” for global transactions. Digital asset tracker 21Shares has described Ethereum as “the most significant single innovation within the cryptoasset and blockchain industry since the creation of Bitcoin in 2009.” Should Visa’s UPC be built on the backbone of Ethereum? There’s good reason to be optimistic looking forward. Related Reading | TA: Ethereum Just Reversed But $3,150 Presents A Major Challenge Featured image from Pexels, Charts from TradingView.com
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Cryptocurrency at the Bank Is a Necessary Compromise

When people think of investing in cryptocurrencies, the bank isn’t typically their first thought. However, it’s worth taking a look at your local bank or online broker. As the acceptance of cryptocurrencies grows, providers are responding by expanding their offerings.

The post Cryptocurrency at the Bank Is a Necessary Compromise appeared first on BeInCrypto.

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Cryptocurrency Remittances Are Successfully Navigating Across Borders

The world is getting smaller as digital capabilities expand. However, the effective transfer and easy flow of money are not keeping up. Cryptocurrencies are promised as a solution to remittance barriers but are still only just beginning to become effective.

The post Cryptocurrency Remittances Are Successfully Navigating Across Borders appeared first on BeInCrypto.

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