The next iteration of the web, web3, is both a technological and cultural shift in how value is created, owned, and exchanged online.
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Transak, a leading Web3 payments infrastructure provider, has joined forces with Soneium, to enable the onboarding of mainstream users to Soneium, an Ethereum layer 2 built using the OP Stack (Optimism), will focus on serving various Web3 applications across diverse use cases, including gaming, music, and more. Soneium was officially announced on August 23rd.
GameFi promises to revolutionize the way people play games by combining blockchain technology with traditional gaming models. Today, more than half of all blockchain activity is through GameFi.
Tokenomics is the study of the economy of tokens, including the creation, distribution, and use of tokens within a network. It is the backbone of any blockchain or cryptocurrency project and plays a crucial role in determining the success or failure of a project.
When you set up a cryptocurrency wallet, you’re often presented with a list of 12, 18, or 24 random words, commonly referred to as a “seed phrase” or “mnemonic phrase”. The wallet interface strongly advises you to note down these words and keep them safe, as they are crucial for securing your funds.
Decentralized finance has many similarities to traditional finance. Both share a similar value exchange medium, i.e., a “currency”, and both share a similar currency storage mechanism, i.e., a “wallet”.
The adage "not your keys, not your coins" has long served as a guiding principle for self-custody and financial sovereignty. However, the traditional method of achieving this, through the use of seed phrases, has become increasingly fraught with risk.
A dApp, or decentralized application, is a software application that operates on a decentralized system, utilizing a large number of nodes rather than a single centralized server.
Supply-demand dynamics are strong determinators of market direction and volatility. Anytime a massive event occurs that could sway supply-demand dynamics of an asset, it is immediately reflected in the asset’s market price.