[Nexo](https://nexo.io/) is a blockchain-based ecosystem providing instant crypto loans, supporting more than 20 currencies, including the most prominent like Bitcoin and Ethereum. The platform promotes the seamless acquisition of crypto loans in fiat money without relying on credit score history. It allows users to deposit supported crypto tokens into its blockchain's wallets and then proceed to receive their cash-based loans.

## Next crypto legitimacy

To its credit, Nexo is backed by Credissimo, a fintech team with millions of users and customers. The development team possesses decades of rich experience built on delivering instant customer loans, online payment services, and e-commerce financing. Credissimo seeks to revolve its functionality in digital assets through its modern technology. 

While other projects get stuck battling the scrutiny of regulatory bodies and solid public caution, Nexo crypto is free of worries. The Credissimo team runs under bold supervision from multiple European financial and banking services authorities. It's undoubtedly a legit platform with over four million clients.

## Goals in the crypto world

The base ambition driving the Nexo crypto project is to solve the most pressing problems identified by its developers in the financial industry.

Nexo wants to eliminate the idle state of digital assets, particularly with the proliferation of cryptos. As the mainstreaming of cryptocurrencies is ongoing, early adopters of this technology have accumulated enormous wealth. The developers are looking to touch base with investors, people in business, and non-professional users to let them tap into this wealth. Due to a lack of regulations and inadequate tech infrastructure, the accumulated idle wealth isn't beneficial. With Nexo, users hold crypto assets and secure access to cash in fiat currencies like USD.

Liquidating digital assets is tiresome and Nexo cuts down the process with readily available cash. While there are numerous crypto exchanges, each platform comes with unique requirements that vary drastically across these platforms. Furthermore, their withdrawal limits and slow procedures are unsuitable in a digital economy. Nexo seeks to eradicate these issues, giving more agility for seizing investment asset opportunities and accessing liquidity in less time.

Nexo frees users from the pressure of selling digital assets for fiat. Users profit from future prices tied to digital assets based on time. Crypto loans are an alternative to selling and allow users to keep capital gains while enacting wealth creation activity with their assets.

Fostering transparency and immutability on crypto loans, Nexo crypto loans are deployed on smart contracts in blockchain architecture. Users' funds are held in cold multi-signature wallets with verified custody standards through digital security companies; in this case, it's BitGo. In the preceding blockchain protocols' loan transactions, management was in the hands of peer-to-peer platforms relying on questionable legal agreements and often escalated to fraud. 

With Nexo, transactions' legal status is asserted by blockchain technology and further backed by the [Credissimo team](/news/article/what-is-blockchain).

## The Operation Model

Loans are channeled into users' accounts on the same day or the following through bank transfers involving SEPA, ACH, or SWIFT. If you opt for the instant ones, you get paired with the free Nexo card. The recipient's accounts are flexible – they can either be personal or business.

Loan limits are calculated basing the value of a user’s crypto assets. Moreover, additional credit is available with an appreciation of the assets.

Nexo Oracle, the heart of this platform, manages its operation domains which include the following:

•	Network governance.

•	Monitoring assets in real-time.

•	Analyzing data to manage loan distribution and repayment plans.

•	Determining users' loan limits, borrowing costs, collateral, and repayment period.

To establish clients’ credit worth without needing to check bank accounts’ ratings, Nexo Oracle calculates the Loan to Value (LTV) ratio. For instance, a user with 1000 USD in Bitcoin (BTC) gets assessed by Oracle’s algorithm to receive a 50% LTV ratio; the user can only borrow up to 1000 USD as the minimum fiat loan.

## Accessing and repaying Nexo crypto loans

### To get a loan, follow these steps:

1.	Transfer crypto assets into your Nexo account. After completion, the blockchain system initiates a series of validations for the specific asset. Based on the validity evaluation, Oracle determines your loan limit and prepares to issue it.

2.	You then receive an instant loan in fiat currency through your preferred option – a bank account or Nexo card. Again, you are given the freedom to choose which fiat currency to receive your loan. If your asset appreciates, Oracle increases your limit instantly.

3.	To repay your loan, you can choose between bank transfers and crypto. There would be additional discounts if you decided to repay using Nexo tokens. Alternatively, you can partially repay your loan by selling your account's crypto assets.

4.	Cryptocurrency in a Nexo crypto account can be withdrawn either fully or partially as long as you meet the obligatory limit tied to your account balance.

## Nexo crypto token availability

The native token for Nexo is NEXO, which is traded as a restricted security. Other perks include higher loan limits and a 30% profit share for holding NEXO. The total supply at the market cap is set to 1,000,000,000. It is available for trading on crypto exchanges like HitBTC.

## Final thoughts

As the crypto industry rises and sees mass adoption, crypto lending offers an opportunity for a trillion-dollar venture. If you want to unlock assets’ value without giving out ownership, Nexo is the best option.



What is Nexo Crypto?

The [Moonbeam Foundation](https://moonbeam.network/networks/moonriver/) released Moonriver as a significant project in the summer of 2021. Its primary purpose was to allow much better scalability and increased functionality, acting as a safe haven for Moonbeam's main projects before being deployed. The Moonriver chain operates with the MOVR token.

## What is Moonriver exactly?

Moonriver is a [parachain](/news/article/polkadot-parachain-auctions) on the [Kusama network](https://kusama.network/), mainly operating on its Relay Chain. Let's first discuss what Kusama is and how parachains operate on its network.

## Kusama and the Relay Chain

Kusama can be considered like a giant, digital tree, where the various branches are parachains. All these branches connect to the tree's trunk, the Relay Chain. Every single parachain, or branch of this tree, inherits the features and functionality of the Relay Chain. Hence, all the parachains on the Kusama network will consist of the same security and transaction benefits that the main Relay Chain has.

Moonriver, as a parachain on Kusama, also benefits from the added security and faster transaction speeds that Kusama's Relay Chain boasts.

Another positive aspect that Moonriver brings to the Moonbeam Foundation is compatibility with Ethereum’s smart contract platform. This helps the network be much more versatile and approachable.

## The main purpose of Moonriver

Perhaps the biggest and most important reason for the existence of Moonriver is to act as a canary network for Moonbeam.

Moonbeam itself is a network on Polkadot, and it operates in a similar fashion to its younger sibling. All codes and projects will first touch down at Moonriver, to see if they're operating smoothly in real economic scenarios. Once they get the green light, they can be deployed on the bigger Moonbeam network.

This gives developers much more incentive to launch new [DApps](/news/article/betfury-crypto-dapp) and blockchain-related projects because it simplifies the deployment process.

However, Moonriver is not limited to being a "connecting flight" for Moonbeam. It still has plenty of added functionality on an individual basis, thanks to the qualities it inherits from the Kusama Relay Chain network.

## Community involvement

Moonbeam puts a lot of emphasis on Moonriver being the community’s project. This is because much of the decision-making power for future projects and operations is in the hands of MOVR token holders. As we'll discuss below, Moonriver's token has a lot of functionality, and holders can have a big say in major decisions in the company.

## The role of MOVR token

Most blockchain projects need strong tokenomics to operate smoothly. In the case of Moonriver, [MOVR](https://coinmarketcap.com/currencies/moonriver/) token is the main cryptocurrency powering the entire project. Here are some important use cases for MOVR:

•	Paying for transactional fees on the network.

•	Gas metering for Ethereum-related smart contracts.

•	Playing a major part in governance operations, such as voting, electing, and proposing new regulations and decisions.

•	Ensuring that Moonriver stays a part of the Kusama network.

These are some of the most critical use cases of MOVR, as it certainly possesses plenty more functionality.

## Allocation and inflation

Staying on the Kusama network is one of the most important factors for Moonbeam. Hence, a whopping 30% of the entire MOVR token allocation went towards the KSM (Kusama’s token) crowdloan. To top that, a further 40% of the entire supply is used to reserve the Kusama network parachain slot for Moonriver.

The remaining 30% of MOVR supply is just for operational purposes, such as transactions, smart contracts, and governance.

To ensure a consistent flow of funds available to reserve a parachain slot, Moonbeam also uses inflation with this token. They've planned for a total of 5% annual inflation, which itself has been allocated for various uses - the primary one being the parachain slot.

This step is crucial for Moonriver to survive. As the initial supply will eventually run out, there needs to be a growing inflow of tokens to ensure the sustainability of the system.

## MOVR token price prediction 2023

Currently, MOVR token’s price sits around $7.78, according to [coinmarketcap](https://coinmarketcap.com/currencies/moonriver/). Its circulating supply is almost $45 million. Price prediction models aren't fully accurate, they just help to provide some insight as to what the estimated value of a token could be in the future. They should just be taken as a suggestion ONLY.

Multiple data analytic models predict that MOVR will be valued at around $100 on average for 2023. Moreover, its max price could touch $108.66 during the year. Again, these are just estimates. The real 
value could certainly be much higher or lower than the abovementioned range.

## FAQs

### Where to buy Moonriver (MOVR) token?

As it’s a cryptocurrency, you’ll have to buy MOVR from a [cryptocurrency exchange](/coins). There are many exchanges you can opt for, with Binance, [Crypto.com](http://crypto.com/), and Kraken being some of the most popular options. Simply log in on one of these websites (or apps), register an account, and trade your money with MOVR.

### Is MOVR a good investment?

Considering that it's part of a big organization, MOVR seems to be on a path of long-term sustainability and functionality. That is one of the most important pointers of a successful company in the long run. So, if the crypto market stays stable, Moonriver could prove to be one of the more reliable options on the market.

### Should I buy Moonbeam (GLMR) or Moonriver?

Both tokens have plus points and could be considered viable options when buying crypto. Moonbeam is the more established currency out of the two, with a bigger circulating supply. However, this also means that Moonriver is a relatively newer project by an already major company. This indicates that it has the potential to blow up in price.

Moonriver, and the MOVR token, could be the more volatile option if you're looking to invest, but it could also stand a higher chance of giving a decent return on investment.



Is MOVR Token the Next Big Thing?

This article will answer the question, “what is Aave?”. Aave is a decentralized finance (DeFi) lending protocol that lets users borrow and lend cryptocurrencies. Those who borrow pay interest, while those who lend earn interest.

The protocol was originally built on the Ethereum blockchain before expanding to other blockchains, including [Avalanche](/news/article/avalanche-bridging), Fantom, and Harmony.

## History

[Aave](https://aave.com/) was launched in 2017 by Stani Kulechov, a Finnish programmer and entrepreneur. Kulechov founded it while still studying law at the University of Helsinki.

The protocol began operations as ETHLend. However, it was renamed Aave, which means “ghost” in Finnish, in 2018. ETHLend differed from the current protocol in that instead of pooling funds, it tried to match lenders and borrowers in a peer-to-peer fashion. ETHLend had its own token called LEND.

The LEND cryptocurrency migrated to Aave with a rate of 100 LEND tokens to 1 AAVE. ETHLend then became a subsidiary of Aave.

The protocol went live on the [Ethereum](/coins/eth) mainnet in January 2020. By August of the same year, it had risen to be the second Defi protocol to get $1 billion in total value locked (TVL), with MakerDao being the first.

## What is Aave protocol?

The protocol uses a system of smart contracts to enable the borrowing and lending of cryptocurrencies in a trustless manner.

Lenders deposit funds to the platform, which are then collected into a liquidity pool. Borrowers draw from the liquidity pools the funds they wish to borrow.

Those who deposit their tokens into the liquidity pools receive aTokens, which allow them to collect interest on their deposits.

Anyone who wants to take out a loan must deposit collateral worth the same amount of crypto they wish to borrow.

Besides the regular loans, users also benefit from [flash loans](https://docs.aave.com/faq/flash-loans), instantaneous crypto loans that require no collateral. The loans, unlike regular loans, have to be paid back within one block transaction. If not, they are automatically reversed.

## What is AAVE

AAVE is the native token of the platform. The token has several uses. Holders can use them as collateral when taking a loan from the platform.

Using the tokens as collateral raises a borrower's borrowing limit. Those who borrow the tokens also benefit by bypassing borrowing fees and getting a discount on fees if they post the tokens as collateral.
The tokens are also used for governance. Holders can use them to vote on the direction of the platform and how to manage its funds. Each token is equal to one vote.

Furthermore, the tokens can be staked within the Safety Module to earn staking rewards and add more security to the platform. The platform offers returns of up to 9.1% a year for staking.

## Pricing

According to [Coinmarketcap](https://coinmarketcap.com/currencies/aave/), as of writing, the protocol's tokens are trading at $60.21 per coin. They currently rank as the 49th largest cryptocurrency with a live market cap of $848,523,426.
The tokens have a max supply cap of 16 million coins. There are currently 14,093,193 of them in public circulation.

Those who wish to invest in the tokens can find them listed in various crypto exchanges, including Binance, Kraken, Huobi Global, Uphold, Bitrue, and Deepcoin.

## Achievements

The crypto lending platform has come a long way as a crypto project looking to dominate the DeFi space. As of 2022, the project has made huge steps to realize its goal.

In March 2022, Aave V3 was launched. It came with several features, including Portal, which allows the protocol to operate seamlessly across different blockchains. Other features include eMode, Isolation mode, and Risk Management features.

eMode enhances borrowers’ power by assessing the correlation between their collateral and borrowed assets. Isolation mode mitigates solvency risk when a newly listed asset is added to the platform’s liquidity pools. Risk Management features protect the platform from insolvency.

The platform has gone beyond lending and borrowing crypto by launching Lens Protocol, an NFT-based decentralized social network protocol that runs on the Polygon network.

Although not an achievement but one in the works, in July 2022, the platform's community approved proposals to launch a Stablecoin called GHO. The proposal was backed by 99.9% of the voters. GHO will launch as an overcollateralized stablecoin pegged to the US dollar. It will also backed by a diversified set of crypto assets.

## Conclusion

Aave stands out as one of the leading crypto lending platforms. According to analytics platform [DeFi Llama](https://defillama.com/protocol/aave), it is one of the largest public lending markets with $4.26 billion in total value locked (TVL).

Its native token is also doing well compared to other cryptocurrencies. Many crypto prediction platforms agree that better days are yet to come for the token.

It is worth noting that before investing in any crypto asset, extensive research should always be done.


green circuit board image with little chosts from Aave crypto logo

What is Aave protocol?

What do you know about Casper Coin and the Casper network?

Launched in March 2021, Casper is a Proof of Stake, layer 1 blockchain designed exclusively to boost the adoption of smart contracts, decentralised applications (Dapps), and blockchain technology on a global scale.

Built from the Casper CBC (Correct by Construction) specification, the project has grown steadily since its launch and currently has a market cap of just under $300 billion (December 2022).

The Casper chain has been designed with future-proof architecture to ensure its continual development and flexibility to evolve around the needs of its users. With user-friendliness high on the list of priorities, the chain has been specifically designed to accelerate the adoption of Web3 by encouraging the growth of intuitive and interoperable services across its ecosystem.

## Casper Coin

The Casper network native token is Casper Coin, or CSPR. It has a circulating supply of 10.5 billion, just 700 million short of its total supply of 11.2 billion. The total [market cap](/news/article/what-is-market-cap-in-crypto) of CSPR is currently $283 billion.

In an effort to clear up some confusion regarding circulating supply, the project was quick to respond to concerns from its community. The team reported that some 80% of CSPR in circulation is staked and bonded to the network. That means any volatility in trading is certain to impact token price, good or bad.

At current prices ($0.028), the Casper Coin price is some 97.9% off its all-time high of $1.36, which presents an ideal time to buy. Getting hold of CSPR tokens is relatively straightforward, with a growing number of exchanges, including [KuCoin](https://www.kucoin.com/trade/CSPR-USDT), [Gate.io](https://www.gate.io/trade/CSPR_USDT), and [Huobi](https://www.huobi.com/en-us/exchange/cspr_usdt), all offering USDT trading pairs.

## Enterprise solution

The steady growth of the blockchain and predictable tokenomics make Casper Coin a popular investment choice. Furthermore, Casper's versatility, predictable gas fees, and future-proof design make the project an attractive option for developers.

As a Proof of Stake-based consensus protocol, Casper is some 1,360 times more carbon efficient than the Bitcoin network. The innovation behind the CBC protocol ensures that the scalability and database management solutions are ever present, making the network a popular place to build Web3 Dapps.

The project is the result of years of research and development from the teams at CasperLabs, who have vast experience gained at enterprise-level software giants such as Adobe, Alvara, and Google.

CasperLabs has positioned itself as the 'de facto' blockchain enterprise solution for teams looking to build decentralised projects in the Web3 environment. The dedicated level of developer support is what makes the team at Casper stand apart from other competing projects.

## Security audit

As a Proof of Stake consensus network, Casper relies on token staking by validator nodes to secure its network. Proof of Stake is not only much greener than its rival Proof of Work, but it also offers much greater opportunities for scalability and developer versatility.

The CBC protocol has been designed to use an upgraded version of Byzantium Fault Tolerance applications and is, therefore, resilient to hacks and bad actors. This enterprise-level security design means that Casper has completed several security audits, including a [Trail of Bits audit](https://blog.casperlabs.io/trail-of-bits-security-audit-casper-highway-protocol/) in January 2021 which concluded that the Casper network “showed proper use of security hygiene”.

## Transparent road map

When you consider the security audits, enterprise-level infrastructure, flexibility, and solid team behind the project, it is easy to see why Casper and its native token, CSPR, is an attractive buy for crypto traders and investors alike.

Apart from some recent confusion regarding what actually constitutes circulating supply, the team at Casper presents an attractive ecosystem with a transparent road map for the future.

If the project can maintain its so far impressive momentum and deliver on its promise of enterprise-level, scalable and flexible Web3 solutions, the Casper Coin price has every chance of gaining significant upside in the near to medium term future.
 
 
 



green image of casper coin in pile of altcoins

Casper Coin – What is it?

This article examines QNT crypto, including its network, use cases, and price predictions.

In the face of rapid growth in [blockchain networks](/news/article/trending-crypto-coins), multi-chain features are becoming increasingly necessary. That's why in recent times, the focus of developers in the industry has been on interoperability. Many protocols have been introduced in the market to bridge the gap between different networks.

One such renowned blockchain project is the [Quant Network](https://quant.network/). It leverages Overledger technology to bring together varying networks. It also helps in building decentralised software for enterprises. 

In this article, we will discuss Quant network and what services it offers. We will also discuss QNT crypto and the prospects of investing in it.    
 
## Quant Network: A quick overview

Quant is a versatile project that provides operating systems and blockchain interoperability solutions. Using the Overledger operating system, the network uses the automated trust mechanism to bridge multiple blockchains. Its solutions are specifically helpful for enterprises. The reason is that its suites can be deployed directly without the need for too much coding.

The project is a London-based firm founded in 2018 by Gilbert Verdian, Paolo Tasca, and Colin Paterson. Verdian is still the CEO, whereas other founding members no longer serve the company.

## Quant’s ecosystem

Quant ecosystem is built to connect private networks with public [blockchains](/news/article/blockchain-for-dummies). It provides a secure, decentralised, and interoperable gateway to large corporations. One of the most significant components of its ecosystem, the Overledger operating system, provides an application programming interface (API) with blockchain-agnostic features. This means it can work with many distributed ledgers, giving you various choices. 

Furthermore, it allows you to build specialised decentralised applications which have multi-chain features. These apps are also called MApps and can be essential for various industries. The financial service providers, healthcare sector, governmental institutions, and other enterprises can build them on moving towards a digitised economy.  

Since the network allows MApp infrastructures, it also supports multi-ledger tokens (MLTs). These tokens are pegged with a treasury kept in escrow accounts. This ensures that cryptocurrency transactions are carried out in a trustless manner. 

MLTs can be stablecoins, central bank digital currencies ([CBDCs](/news/article/cbdc-uk)), loyalty points, or other similar tokens. However, its ecosystem is powered by the QNT crypto, the blockchain’s native token. If you want to use the services of this network, you must acquire QNTs.

## How does the Quant network work?

The network’s blockchain operating system works with the DLT (digital ledger technology) gateway. It allows seamless integration of networks, irrespective of their dissimilarities in the protocol, blockchain, etc. 

It follows the TCP/IP-like model, usually used in communication networks. The model is organised in layers. Different layers within the model are designated for various task.

![quant.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/quant_b0d95f90ea.png)

[Source](https://twitter.com/quant_network/status/971368487477268482/photo/1)

Here’s how the model works:

1.	Transactional layer
At this layer, all transactions are managed and stored. It maintains consensus between different blockchain domains. Also, it ensures that transactions of one blockchain are validated only on its domain and not on other blockchains. 

2.	Messaging layer
Messaging layer is a logical layer that retrieves relevant information from all ledgers. It stores transaction data, metadata, and smart contract information. Besides, all the communication between DApps takes place at this layer. 

3.	Filtering & ordering layer
This layer is quite similar to the messaging one. But it deals with specific messages from the transactions. Out-of-chain messages, referenced by hashes, need to be ordered and filtered. This layer communicates with the messaging layer for ordering and filtering.

4.	Application layer
At this level, the state of the application is inspected. Messages with valid signatures and formats may update the status of the application. References are made through hash pointers which can refer to the storage.

## QNT Crypto - The native token of Quant

QNT crypto was introduced in 2018 via an initial coin offering (ICO). It secured more than $11 million with the ICO. It is the utility token that fuels the entire ecosystem. All the transactions, like trading fees and platform fees, are paid through QNT tokens. Besides, MApps built on Quant will give access to QNT crypto to the service providers and users. 

The token is developed on the [Ethereum blockchain](/news/article/what-is-weth) and follows the ERC-20 token standard. Also, it has agnostic properties, so you can use it on other networks. 

## Tokenomics

Currently, the value of Quant tokens is $106.15, with a market capitalisation of $1,314,333,336, according to [CoinMarketCap](https://coinmarketcap.com/currencies/quant/). Moreover, its circulating supply is 12,072,738, and a total supply of 14,612,493. 

The total fixed supply is divided into four parts. The most significant part is assigned to the public, and the second largest is to company reserves. The founders and advisors also have their shares.

![qant2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/qant2_8f6606ae49.png)

## QNT crypto price prediction and analysis

In mid-October, [QNT crypto’s price](/news/article/quant-price-prediction) saw a positive movement. It peaked on 17 October at $226, which was its highest value in 2022 so far. It appeared to be a price correction after the upward trend that started in June. It broke the support level of $150 and was trading above it. This indicated the next bullish run for the coin.

However, it could not persist with the bullish movement. Currently, it is changing hands at $106. The bullish run was invalidated because it fell well short of the support level. It has seen a drop of over 32% in the past seven days and showing bearish signs.

But as the value is down, it could be a buying time for the investors. The trends suggest it might show a slight recovery in the coming week. QNT crypto might reach $115 if it continues the recovery. Notably, the next support level for the coin is $87, whereas its resistance level is $123. 

## Is Quant crypto a good investment?

Overall, the Quant Network is a unique project introducing practical use cases. Its solutions can be ideal for managing large firms like governmental institutions, healthcare firms, and financial service providers. More adoption can make a digitised economy more accessible for businesses. This could also result in a positive impact on its price. 

It reached its all-time high of $428 last September’s bullish cycle. That’s why it has the potential to perform well in the next bullish cycle. Besides, it can also make you short-term profits regularly. Suppose it continues its recovery with some stability in the crypto market. In that case, it could be a gainful asset in your portfolio.

## Final thoughts

QNT crypto network is an innovative approach toward blockchain interoperability. It not only allows different blockchains and networks to work together, but also allows the development of useful MApps. Besides, it can be a profitable addition to your portfolio, giving you both short and long-term gains.


green image of cryptocurrency on table with quant logo overlayed

QNT Crypto - Everything You Need to Know

NFT farming is based on token staking and liquidity farming concepts, with users staking native tokens to earn an additional yield via an NFT-based reward. Unlike conventional staking, which pays out the reward in the natively staked token, users can obtain much rarer and more distinctive yield-generating assets through NFT farming. Earnable tokens can vary greatly depending on the token being staked, the project's use case, and what the native development teams deem to be the appropriate reward to be made earnable.

NFT farming offers a value-generation event that gives additional value to the end user for projects that do not provide staking or yield generation. The rewards for NFT farming vary, but are primarily divided into collectable and utility-based NFTs.

Collectable NFTs can range from digital art and gaming items to rare and numbered assets, with exclusivity driving aspects of their appeal and value.

The second type of farmable [NFT](/news/category/nft-news) reward is utility-based tokens, which provide exclusive benefits to the asset holder when held. The possibilities for utility-based tokens are nearly limitless. They will continue to grow in complexity and value as more projects learn about the value propositions that NFTs can present to token holders.

## How does it function?

Non-fungible tokens are available on several blockchains, including Ethereum, [Polygon](https://polygon.technology/), and [Binance Smart Chain](/news/article/bnb-price). These digital assets follow certain specific standards and can therefore be used in a variety of applications. An NFT is interoperable as a result. Interoperability is the ability of various systems to communicate with one another, or in this case, the ability of one digital asset to communicate with multiple software applications or [smart contracts](/news/article/smart-contracts-blockchain).

Users will need a cryptocurrency wallet to get started with NFT farming. Metamask is one of the popular wallets for connecting to the Ethereum blockchain, Polygon, or Binance Smart Chain. Depending on the platform, they will require a specific token in that wallet. They must then stake this token in a pool. Users are rewarded based on their share of the total pool.

Staking portals convert compatible tokens into vaults where users can earn rewards. A growing number of staking portals will assist users in staking tokens to farm limited edition NFTs, which can then be sold on marketplaces like [OpenSea](/news/article/haas-f1-opensea-collaboration) or [Rarible](/news/article/rarible-nft-marketplace).

## Gamified NFT farming: Upcoming trend

Gamified yield [farming](/news/article/farming-games-in-metaverse), also known as NFT farming, incorporates a video game layer into the yield farming process. Alien Worlds and Cometh are two products that add a gaming element and a sense of competition to the concept.

Axie Infinity is a more interactive game where players can earn SLP tokens that can then be exchanged for real money or used to make new NFTs.

## Risks involved

NFT farming is a great way to diversify the cryptocurrency portfolio, but it has risks like almost every other aspect of blockchain. 

Composability, one of its most significant advantages, is also a disadvantage. Smart contract bugs add another significant risk. The majority of this technology is still in its early stages of development and the consequences of a system bug would be disastrous for cryptocurrency traders.

## Bottom line

The NFT market is rapidly growing. This emerging trend in the market has given digital asset holders and traders more flexibility in addition to buying and selling their NFTs. They can monetize their digital tokens by earning rewards by converting them into liquid assets.

NFT Farming Explained

[Biconomy](https://www.biconomy.io/) is one of the outstanding companies rooted in India, paving its way into the Web3 space. The company provides a cross-chain layer infrastructure handling transactions and gas payments bridging applications into Web3. It also owns the BICO token, which has been listed on many exchanges.

While many Web3 applications are built on Ethereum, the increased traffic is causing congestion on the blockchain. The congestion significantly raises gas prices forcing developers to seek alternative chains for their applications.

## Impact on Web3

Biconomy's network allows gasless transactions bringing down all costs for decentralized finance (DeFi) applications facilitating Web3 transactions. Some of its well-known products include Mexa, Forward, and Hyphen.

Mexa facilitates gasless transactions in decentralized applications (Dapps). Forward on the hand, allows users to pay their transaction fees using tokens instead of gas. Hyphen, the final product, provides fast and less expensive token transfers through different [blockchain](/news/article/what-is-blockchain) networks.

The combination of these products renders the protocol multiple uses. Users are empowered with the freedom to enjoy seamless gasless transactions while still interacting with layer1 and layer2 solutions. With time, it can be integrated into any Web3 platform with crypto-enabled transactions.

## Developer Perks

Many developers are already leveraging Biconomy and its multi-chain stack, offering a better user experience in Web3 products in de-Fi, NFTs, and gaming, among others. Users are provided with the following:

•	Plug-and-play Application Program Interfaces (APIs) and Software Development Kits (SDKs) – Among the network’s core features are APIs and SDKs that aid developers in building dApps with incredible user experience.

•	Gasless Transactions – With most Web3 apps, users must pay a gas fee for their utility. This cost hinders the mass adoption of Web3 products. As with platforms like Netflix, users do not pay server fees every time they watch movies. Similarly, Biconomy users are free of charge.

•	Multiple Currencies – While most Dapps are built on Ethereum, their dominant payment option is ETH. Biconomy supports multiple tokens and allows users to make payments with their preferred currencies.

•	Simplified User Interface – Interacting with Dapps entails creating blockchain transactions requiring crypto knowledge and technical; experience. In this case, the user interface has been optimized to the highest levels of simplicity.

•	Cross-chain Transfers – It is not easy to make transfers between chains. The inherent multi-chain characteristic facilitates transactions on blockchain arrays and L2s. It also eases communication while securing value from different chains.

## Biconomy Coin Functionality

Biconomy’s native token is BICO, launched last year and runs as an ERC-20 token on the Ethereum blockchain. BICO has the following functions:

•	Network Fees – The re-layer infrastructure network is maintained by node operators acting as validators and executors for settling and verifying transactions. Node operators must pay a transaction fee in $BICO when adding new transaction data on the chain and, in return, earn $BICO based on the work done on the chain.

•	Stakeholder Incentives – BICO holders are entitled to earning passive incomes through staking. The Proof of Stake (PoS) and liquidity pool integrated into the network assert high security and 100% uptime.

•	Network Governance (Voting rights) – BICO holders have the right to vote, submit requests, and feedback that, when incorporated, shape the future of Biconomy's milestones and endeavors. The governance operation model entails participating in numerous activities like changing the network code, adding and removing services, and allocating funds from the treasury.

## Who is building the BICO crypto?

Biconomy foundation dates to 2019 with the following founders: Aniket Jindal, Sachin Tomar, and Ahmed Al-Balaghi. The team comprises Indian nationals with a great passion for blockchain technology. Jindal brings a wealth of knowledge after studying at the Prestigious Fudan University and years of experience working with Binance. Balaghi is a seed founder and investor in Polygon (previously the Matic network). Tamar has been an engineer at Samsung Electronics and an early Ethereum blockchain enthusiast.

According to [BybitLearn](https://learn.bybit.com/), on 21 July, 2021, the trio raised $9 million through private funding led by the Mechanism capital. Other companies, like Coinbase ventures, have also invested in Biconomy. Additional significant fundraising includes the recent October, which totaled $11.5 million through the public sale of BICO tokens.

## Biconomy Price

BICO hit its all-time-high (ATH) price, $21.87, in December 2021. While we have seen significant down trends in the market with the crypto winter, BICO is not exceptional. Looking into January 2021, it had dropped to $3.50, and as of the time of writing, it’s at $0.43995.

Biconomy is platform building for the future of DeFi and adoption for Web3. Each day, it onboards new partners and will reclaim its ATH in the coming days.

## Putting it All Together

The performance of BICO has not been stellar. However, the developmental team demonstrates clear use cases for its outstanding innovations. Biconomy is looking to be a worldwide facilitator for Web3 transactions.




blue image of crypto coins and biconomy logo

What is Biconomy?

You have yet to jump into the world of non-fungible token (NFT) virtual land; this is a beautiful opportunity to cash in on the gold rush. NFTs are like stocks and shares because each token represents something unique.

For example, think of a gaming company releasing special edition NFTs for their products. If you own the NFTs, it acts as some kind of representation for you holding a share in the business and gives you access to real-world benefits! You may now play a whole new level or character that has yet to be released for sale.

## What’s the big deal about virtual land?

Virtual land is becoming a hot topic in the gaming and blockchain space. But what is it all about, and should you care?
[Virtual land is a non-fungible token (NFT)](/news/article/nft-land), meaning each token has one unique attribute. Virtual land can be bought, sold, traded, and rented to other players. The value of virtual land rises and falls based on demand.

So why should you care about this new kind of virtual asset? It’s a new way to play games! NFTs allow you to customize your avatar by buying items or decorating your house with virtual furniture or walls. You could even trade them with other players or buy more expensive ones with real money!

## How does it work?

Virtual land NFTs work through a series of smart contracts. These contracts are a set of rules that govern how people can interact with the virtual land NFT, what they can do with it, and what happens when they try to do something that isn't allowed.

To use the virtual land NFT, you'll need to find someone who has already bought some from the owner and is willing to sell you some. Once you've seen them, you can use the smart contract to transfer ownership of the land from one person to another.

## How do I get some virtual land NFT for myself?

First, go to the website of the company that you want to purchase from. Then, you will see a menu on the screen's left-hand side. Click on "buy" and "select a token type." You will see several different types of tokens available for purchase. You can buy yourself some virtual land NFT by clicking on any of these tokens or clicking on "Buy Now."

Once you have clicked on either option, you will be redirected to another page to choose which type of virtual land NFT you would like to purchase and how much you want to spend (if applicable). Once all this information has been entered into their system successfully, they will email you instructions on receiving your new purchase!

## The business potential of blockchain-based virtual worlds

Blockchain-based virtual worlds can be a powerful tool for social and political change, but they also present [business opportunities](/news/article/jay-z-cryptopunks-nft).

Virtual land has been around for decades; it's used in many games and virtual reality platforms to express ownership and share it with other users. The most common example is Second Life, which introduced the concept of digital land ownership in 2003.

Over the last few years, blockchain technology has enabled new ways to manage digital assets - including virtual land - that are more secure and transparent than ever. This has led to the creation of new tools that allow users to create their digital currencies, buy and sell digital items (such as game characters), or even create entire games that don't require any human input at all.

These innovations have opened up many new possibilities for businesses capitalizing on blockchain-based virtual worlds.

## What’s next for real estate in CryptoWorld?

The real estate industry is entering the world of crypto. The concept of virtual land NFT is exciting for investors and developers. You can buy or sell land without having to leave your home. This is a great way to build a portfolio without the hassle of traveling or driving around.

Many companies offer this service when it comes to [buying real estate with cryptocurrency](https://www.bankrate.com/real-estate/buying-a-house-with-cryptocurrency/). One of the most popular ones is "Buying Real Estate with Bitcoin" (BEWB). The company has been around since 2017 and has helped thousands of people purchase property using its platform. They offer everything from houses to apartments worldwide, so wherever you live, there will be something available for sale on their site!

Another great thing about buying virtual land NFT is how easily it can be done by anyone who wants access to these types of services, regardless of whether they have previous experience!



pink image of 3d virtual house plot with "For Sale" sign

The Virtual Land NFT Rush: Why Not You?

[COTI Pay](https://coti.io/coti-pay) is a revolutionary payments platform built on [COTI (COTI)](/news/article/what-is-coti-crypto), enabling users to engage in both traditional and decentralised finance (DeFi). COTI is a layer-1 [blockchain](/news/article/what-is-blockchain) that has developed a state-of-the-art consensus algorithm, called Proof of Trust (PoT). Compared to consensus mechanisms like Proof of Stake (PoS) and Proof of Work (PoW), PoT may lower transaction costs and enhance throughput to as much as 100,000 TPS!

Hence, the platform represents a breakthrough in digital financing and payments, powering low-cost and instant settlements and financing options, easy transactions, and acceptance of all payment methods (both online and offline). A culmination of these features results in the platform serving at the helm of a [borderless global economy](/news/article/russia-approves-cross-border-crypto). Here is why the payments platform truly stands out:

## COTI Pay consumer benefits

•	Rapid and secure payments.

•	Cashback rewards and loyalty points.

•	Prepaid virtual debit card availability.

•	Protection for buyer-seller transactions.

•	Users may buy cryptocurrencies using credit cards.

## COTI Pay merchant benefits

•	Immediate settlements.

•	[Low transaction costs](/news/article/layer-2-growth).

•	Availability of financing options.

•	High-interest earnings on balances.

•	No FX fees.

•	Protection for buyer-seller transactions.

•	Loyalty programmes and white-labelled coins.

•	SDK packages and plugins.

•	Wide support for both the banked and unbanked.

## Setting up your COTI Pay VIPER wallet

Opening and setting up an account is fairly straightforward and I recommend following [this step-by-step guide](https://cotinetwork.medium.com/how-to-open-and-set-up-your-coti-pay-viper-wallet-ac23c558f0e7). In a nutshell, here are the steps you must follow:

•	Open a COTI Payment System (CPS) account.

1.	Sign up.
2.	Verify your email address and enter your personal information.
3.	Verify your account.

•	Log in to your CPS account.

1.	Set your Secret Key.
2.	A Seed phrase will be generated. Note down and secure it.
3.	Log in to your wallet using either the Secret Key or Seed phrase.

•	All done! You can now generate a wallet address (as many as you require) and maintain all wallet addresses by accessing your Address Book.

## COTI Pay marries traditional and decentralised finance

Note, the goal of the payments protocol is NOT to eliminate traditional finance (TradFi), but enhance it by marrying the best of DeFi to TradFi. Hence, the payments protocol enables users to enjoy the best of both worlds.


blue image of crypto altcoins with coti logo

COTI Pay and Why You Should Consider IT 

CoinEx Smart Chain (CSC) is a smart contract public blockchain designed to ease the process of building DApps (decentralized applications). Launched in 2021 by CoinEx, a reputable global crypto exchange, it aims to create an efficient and decentralized financial ecosystem.

## Features

Several features enable CoinEx to stand out.

•	EVM compatibility: Ethereum Virtual Machine (EVM) compatibility allows developers to use better development tools and easily adapt DApp to [CSC](https://www.coinex.org/). The feature also allows seamless migration of DApps from Ethereum.

•	High throughput and low transactions: the blockchain uses the proof of stake consensus mechanism to achieve block generation in seconds. It supports high TPS (transactions per second), up to 1,000, which helps maintain low transaction fees.

•	A high degree of decentralization: CSC supports up to 101 nodes or validators ranked by the amount of CET they staked. The higher the amount of CET staked, the higher the ranking. Anyone can become a validator by staking CET tokens.

CoinEx also features a cross-chain bridge that provides assets bridging services between CSC and other chains. It features great security, considering it was built by the CoinEx team, a crypto exchange that continues to maintain a zero accident record.

## CoinEx token (CET)

CET is the native token of the platform. Issued in 2018, it used to be based on the Ethereum ERC20 protocol before migrating to CSC after its mainnet went live.

The token can be used to pay gas and transaction fees for deploying smart contracts. They can also be delegated to selected validators.

As of writing, according to [Coinmarketcap](https://coinmarketcap.com/currencies/coinex-token/), each CET is worth $0.05245. It is ranked the 446th largest cryptocurrency with a live market cap of $37,127,097. It has a max supply cap of 10 billion coins and there are currently 708,633,582 in public circulation.

## Achievements

Some of the projects that have been successfully launched on the platform include:

•	OneSwap: a multi-chain decentralized exchange with smart contract functionality. It supports four public chains, CSC, BSC, TRX, and ETH.

•	IFP Pool: an open-source staking protocol that allows users to earn from CET staking. Staking CET on IFP Pool allows participants to obtain iCET tokens and unlock the liquidity of staked tokens.

•	WaterLoan: a decentralized lending and borrowing protocol. It features two types of borrowing stable borrowing, which has higher interest rates, and variable borrowing.

Other projects launched on the platform include IFSwap, GemGard Finance, Dyor Audit, Via wallet, and Smart Cash, a payment tool that allows users to transfer CET anonymously.

The platform has also ventured into the NFT ecosystem, launching projects like Mini Utopia, an NFT marketplace, Omega Club, an NFT card game, and CoinEx Gem, another marketplace. Besides the projects already launched, many are still in development, which will eventually boost its growth.

The blockchain continues to grow its ecosystem, covering projects focused on a wide range of fields, including DeFi, Web3, [NFT](/news/category/nft-news), gaming, and social media.

## Conclusion

CSC is still considered a fairly young DeFi platform. However, considering what it has achieved, it is worth admiring. Many of its achievements are due to its great support plan, CSC pioneers, and hackathon grants.


blue image of crypto coins with coinex logo overlayed in white

CoinEx Smart Chain

[Tokeny Solutions](https://tokeny.com/) is a digital asset tokenisation firm based in Luxembourg. Recently, it has revealed its partnership with a network, [Ownera](https://ownera.io/), that provides global inter-trading services through FinP2P protocol. The combined forces are working on an initiative to boost liquidity and make capital more accessible.

Moreover, the two firms will be working closely with the [regulated institutions](/news/article/uk-crypto-exchange) to provide a secure gateway to the network users. It will give them access to numerous virtual asset networks all around the globe. With this initiative, Ownera’s FinP2P network will also get access to a broader investor base. 

## Why did Tokeny integrate Ownera?

Tokeny stated some of the reasons for this integration in a [press release](https://www.businesswire.com/news/home/20220926005043/en/Tokeny-and-Ownera-Partner-to-Unlock-Global-Liquidity-for-Tokenized-Assets). It pointed out that accessibility to tokenised assets and their institutional adoption is still not mainstream. That's why there needs to be a solution that could bridge this gap. For this reason, the open-source FinP2P protocol of Ownera can be ideal. It can set up an ecosystem through which swift trading of tokens from any blockchain is possible.

This protocol also can maintain a digital ledger, which will provide transparency. The network can cover all three major parts, including:

1.	The primary issuance of a token.

2.	The secondary trading of the tokens.

3.	On-spot asset lending against a collateralised asset like on any other DeFi platform.

Building an ecosystem like this one will allow tokenised asset distribution even to the private markets. It can also unlock liquidity at a global level, which cannot be attained by a single platform.

## Thoughts from Tokeny’s Chief Strategy Officer

The CSO of Tokeny, Daniel Coheur, has shared his views on this benchmark partnership. He stated, "Tokenisation is the first step to unlocking the full potential of assets using blockchain technology." He said integrating assets into a blockchain can make management efficient and reduce costs.
Besides, he mentioned that on this network, compliance is ensured at the initial token level. This eliminates the barriers of interoperability and visibility, which, in turn, "maximise the asset liquidity".

Moreover, he alluded that with the integration of the FinP2P protocol, investors will have access to more distribution networks. They will also have the option of using tokenised assets as collaterals.

## Views from Ownera’s Business Development and Marketing Head

Ownera’s Head of Business Development and Marketing, Anthony Woolley, has shared similar views. He maintained that many platforms often face the issue of using different blockchain technologies for accessing other asset pools and investors. However, their network can save them from this hassle as it provides "one secure point of connection to multiple digital asset networks across the globe". 

He boasted that this network could offer better accessibility and higher liquidity. He further mentioned that any firm acquiring Tokeny Solutions will enjoy enhanced distribution power because of this integration. 

## About Tokeny Solutions

It is a firm that offers the services of building compliance-oriented architectures for digital asset firms. Its infrastructures allow the companies to manage tokenised assets in line with the set regulations and [anti-money laundering laws](/news/article/crypto-aml). It allows smooth onboarding while ensuring the know-your-customer (KYC) procedure. All in all, with its solutions, virtual asset service providers can build completely decentralised and regulated infrastructures. 

Tokeny Solutions is a well-recognised company in the industry. CB Insights ranks it as one of the top 50 blockchain firms, whereas KPMG ranks it among the top 100 FinTech start-ups.


Tokeny and Ownera to Enhance Token Liquidity

Chainlink, a blockchain oracle network, has announced that its much-anticipated staking feature is now live. As said by the company, Chainlink staking plays a significant role in "Chainlink Economics 2.0", which was made in an effort to increase security and promote sustainable growth.

As seen on [Chainlink’s blog](https://blog.chain.link/chainlink-staking-roadmap/), staking will improve the network's security while also helping it serve a higher number of applicants.

Previously, Chainlink users who wished to receive the LINK token could do so by launching their own nodes. With the all-new staking system, users holding Chainlink tokens can earn more while increasing the platform's overall security.

## How does Chainlink staking work? 

Chainlink staking was first launched as a beta v0.1 that included a staking pool that secured the data feed linked to ETH/USD within the Ethereum mainnet. As a reward, users and token holders could earn for supporting and helping enhance the screen's performance by simply being a part of a decentralized altering system. The system works by flagging or reporting the network when the performance requirements are not met by the data feed.

Sergey Nazarov, a co-founder of Chainlink, said that the launch of the staking feature builds the foundation of the [Chainlink](/news/article/chainlink-news) Economics 2.0 program and will improve over time. He stated that as the network continues to expand, the staking feature will continue to evolve and deliver enhanced security across our ecosystem and throughout Web3.

The team at Chainlink is confident. It says that as the platform works on releasing new oracle features and services, the network security will match the ever-increasing value within applications that are run by Chainlink.

On 29 November, 2022, the LINK token started to gain popularity ahead of the staking feature launch. It is predicted this will boost the demand for the LINK tokens along with oracle services available on the platform.


Green image of chains with the crypto chainlink logo in front in white

Chainlink Staking to Boost Oracle Security

[Elrond](https://elrond.com/) is a blockchain platform built to handle high transaction volumes. It's native token, EGLD crypto or eGold, is a multi-use cryptocurrency. The platform, which supports decentralised applications via smart contracts, is built to compete with significant blockchains like Ethereum and Zilliqa to create a [decentralised](/news/article/dns-servers) application and cryptocurrency ecosystem.

The blockchain can process up to 15,000 transactions per second. This makes it one of the fastest blockchain networks on the market. On the network, EGLD crypto is used for [staking](/news/article/what-is-staking-crypto), voting, and transacting. It is the primary asset in the incentivisation system that rewards network participants. Elrond also has a six-second latency, can scale with sharding, and has low transaction fees of $0.001.

It was established in 2018. The blockchain employs a Secure Proof of Stake (SPoS) operating protocol, which processes transactions in parallel. It relies on the contributions of multiple participants, each playing multiple roles simultaneously.

## What makes EGLD crypto unique?

Elrond is unique in its use of Adaptive State Sharding, which divides the network into smaller fractions so that nodes can verify transactions and network operations by resolving one partition at a time. This ensures the network can handle thousands of transactions per second while charging only a small fee.

The project aims to build a new digital economy with decentralisation and scalability built into its blockchain infrastructure. Elrond enables users to create new assets and decentralised applications and conduct low-cost transactions. The project also supports enterprise-grade Dapps while allowing for scaling and providing three programming languages to work with.

## How does the platform function?

Elrond is validated rather than mined using SPoS. The network uses open-source software, meaning the source code is available to anyone. The blockchain works as follows:

1.	Validators process and record transactions: Validators stake EGLD tokens in order to earn the right to process EGLD crypto They collaborate to process transactions and to add new blocks to the Elrond blockchain at the same time.

2.	Fishermen are constantly on the lookout for malicious transactions and users: Fishermen in SPoS networks validate new blocks after validators add them to the blockchain. Fishermen are tasked with locating any invalid blocks or malicious actors that may be present on the network.

3.	Observers passively maintain the blockchain's history: The blockchain observers store the blockchain's entire history. Observers are ineligible for EGLD crypto rewards because they are passive network participants who do not create new blocks.
The network is run concurrently by validators, fishermen, and observers. It is highly scalable due to this concurrent participation.

## Use Cases for Elrond

Elrond is designed to support non-fungible tokens (NFTs) and includes a Smart Accounts NFT framework. Smart Accounts operate similarly to any blockchain network account but support key-value data storage at the account level. They enable users to store large amounts of information directly in their Elrond Network accounts, such as emails, private identity data, health data, proof of citizenship, Know Your Customer (KYC) information, and more. 

Furthermore, Smart Accounts are intended to store and prove digital assets ownership without using the Elrond VM, which results in less bloating on the smart contracts that govern user funds.

The network is developing Elrond Standard Digital Tokens (ESDTs), synthetic assets, tokenised stablecoins, and fiat currencies to run on the Elrond network without requiring smart contract functionality. Elrond's scalability and speed prepare the network for the Internet of Things functionality (IoT).

The blockchain provides solutions for data exchange, financial services, and more to a growing list of enterprise blockchain clients worldwide, demonstrating that user adoption of the Elrond network is increasing.

## How to buy EGLD crypto

EGLD is available on cryptocurrency exchanges, including Binance.us, [KuCoin](/news/article/kucoin-crypto-metaverse), Gate.io, Bitfinex, OKEx, and [Crypto.com](/news/article/crypto.com-news-uk-approval).

##  Bottom line

Elrond promotes scaling and high transaction speeds as the primary sources of the project's intrinsic value, claiming that the network can process up to 15,000 transactions per second. It is a highly functional ecosystem because of its high transaction speeds, scalability, decentralisation, and full custody over users' funds.

As the project progresses, the network strives to become a model of the new internet economy. The project provides competitive transaction speeds and tools for Dapp development and application deployment for public and enterprise-grade use cases.


EGLD Crypto and Blockchain Platform

[Flow](https://flow.com/) is a new kind of blockchain that's optimised for developers. Its unique architecture enables developers to build scalable decentralised applications quickly. According to [today's crypto brief](https://coincodex.com/crypto/flow/), Flow token is currently ranked [#1 in the NFT Tokens sector](https://coincodex.com/cryptocurrencies/sector/nft/) and #21 in the [Layer 1 sector](https://coincodex.com/cryptocurrencies/sector/layer-1/) in terms of market cap.

The Flow project, as a decentralised platform, was built to facilitate the exchange of goods and services. Flow token is based on the ERC20 standard and is built on the Ethereum blockchain. It uses blockchain power to create a trustless system that allows users to conduct transactions without fear of scams or fraud.

[Flow's token, FLOW](/news/article/trending-crypto-coins), is central to the network and used to pay for transaction fees, gas, and other services. FLOW is also used for staking and delegation and to create new tokens.

The Flow blockchain is powered by a consensus algorithm called "gas". Gas measures the computational resources required to run a transaction or program on the Flow blockchain.

## The team and advisors

The team comprises experienced professionals in blockchain, business, and technology. Co-founder and CEO Roham Gharegozlou leads the team. Roham has more than 15 years of technology sector experience and is a serial entrepreneur. He is also the co-founder of BlockCypher, a blockchain platform that provides APIs for developers.

## Flow tokenomics

FLOW is a utility token created to facilitate transactions on the Flowchain blockchain. It is important to note that the Flowchain is more than just a platform for developing decentralised applications. It is also a platform for the [execution of smart contracts](https://flow.com/feat).
FLOW has several use cases on the Flowchain blockchain.

## Use cases for Flow Token

FLOW is designed for use in a variety of real-world applications. [Some of the most popular use cases](https://flow.com/flow-token-economics) include:
•	Payment processing: Flow can be utilised to pay for things online or in-store.

•	Microtransactions: They can be used to pay for small transactions, such as digital content or in-app purchases.
•	Asset management: They can store and manage digital assets.

•	Data monetisation: Flow can be used to monetise data and create new revenue streams.

## The Flow blockchain roadmap

Flow's aggressive roadmap will release several essential products within the next two years. These products include:

•	A decentralised micro-jobs platform.

•	A universal basic income program.

•	A Dapp Store for decentralised applications.

•	A P2P payments system.

•	An advertising platform.

## Why Flow is the next big thing in blockchain

There are a few reasons [why Flow is the next big thing](https://www.coindesk.com/business/2022/05/10/dapper-labs-debuts-725m-ecosystem-fund-for-flow-blockchain-development/) in blockchain. First, Flow has a solid team of developers who are experts in their field. Second, Flow has a clear vision and roadmap for the future. Third, the Flow token is well-positioned to take advantage of the current market dynamics. Finally, FLOW has excellent potential for long-term growth.

In conclusion, FLOW has [a lot to offer investors](/news/article/trending-crypto-coins). However, the minimum, maximum, and average token prices for the year may be around $7.08, $9.00, and $11.12, respectively. According to some unpopular forecasts, the price for the years 2023 and 2024 may remain the same.



Flow Token: An Introduction

Theta is an established and fast-growing cryptocurrency. Theta wallet is the official wallet operated by the [Theta project](/news/article/theta-coin-price) and used to interact with the Theta blockchain.

The web wallet can log into an existing wallet, or users can create a new one. Users with an existing wallet would have to unlock it from an encrypted Keystore file, mnemonic phrase, or private key.

## Creating a new Theta wallet

Theta [recommends](https://medium.com/theta-network/theta-web-wallet-available-now-996867e10db) that if you do need to create a wallet, you should do so offline. As soon as you reach the wallet website, put off your data connection or switch on your airplane mode. Use the "create wallet" button to begin.

Then, you must download the encrypted Keystore file and create a password for your wallet. The encrypted Keystore file you just downloaded is what you would use to unlock your wallet each time you need to access it.

## Mnemonic/seed phrase and private key

Next is copying out the mnemonic/seed phrase and private key and storing them securely. This is because it is the only data you need to recover your Theta wallet should your Keystore file or wallet password be lost.

It is also advised to store these details safely offline and not online or in any cloud storage. After following these steps, you can connect your device to the internet and unlock your new wallet.

## How to connect an existing Theta wallet

To connect an existing wallet, you must upload your pre-downloaded Keystore file or enter your mnemonic phrase or private key. If you must upload your Keystore file, it is recommended that you go offline before uploading it.

Once the wallet is unlocked, you will get a message indicating that it is safe to connect to the internet and go to the wallet.
Now that you are in your wallet, you can check your THETA and TFUEL token balance. You can also send and receive tokens right from your dashboard.

[The Theta Docs](https://docs.thetatoken.org/docs/theta-web-wallet) page gives more insight and details the functionality of the wallet.


Theta Wallet - A Guide

Vladimir Putin, President of Russia, talking at the International AI Journey Conference in Moscow on 24 November, criticised the monopoly in global financial payment systems and [advocated](http://en.kremlin.ru/events/president/news/69927) for an independent, blockchain-based settlement network. Sberbank, Russia's largest bank and a primary lender to the government, hosted the event.

## Putin aims to introduce new blockchain payment

Putin thinks that digital currencies and [blockchain](/news/category/blockchain-news) technology could be used to create a new international settlements system that is more convenient, safe for its users, and, most importantly, does not rely on banks or third-party meddling. He believes that something comparable will grow and evolve since no one likes monopolists' control, which damages all parties, even the monopolists themselves.

## Why Putin believes the new blockchain payment is the way forward

Putin also warned that global payments and nations are in jeopardy because of strained links between the West and Russia in the aftermath of Ukraine's invasion, labelling national sanctions as unlawful limits.

According to Putin, the current international payment system is expensive, and a small number of states and financial firms control its account system and regulation forms.

## Lawmakers in talks to change rules concerning blockchain payments

The day before Putin's speech, local media reported that officials were discussing modifying current cryptocurrency legislation to create a legal foundation for a nationwide exchange.

Another recent event was the introduction on 17 November of a bill into Russia's State Duma, the lower house of parliament. It authorises cryptocurrency mining and the selling of the cryptocurrency created.

The measure defines mining and mining pools legally and would establish a local cryptocurrency market, marking Russia's next move toward integrating digital assets into its economy.

Anatoly Aksakov, Chairman of the Duma Financial Markets Committee, believes that the passing of the bill will bring this activity into the legal sphere and allow for the formation of a law enforcement practice on matters relating to the creation and circulation of digital currencies. In [Russia](/news/article/russia-approves-cross-border-crypto), users cannot use cryptocurrency for their respective settlements.


Putin's Blockchain Payment System

[Lazy](/news/article/lazy-monkey-nft) minting is a strategy that is increasingly being used in NFT contracts. It helps in reducing high gas fees on Ethereum.

The process of converting a digital item into a crypto-collectable or non-fungible token on a blockchain is known as minting. It is the process of uploading a particular item and allocating it to a unique token on the blockchain. The digital item is kept in a decentralised database, or distributed ledger, and cannot be edited, modified, or deleted.

## What is lazy minting?

Lazy minting allows NFT artists to sign "minting authorisations", enabling users to mint NFTs later. These mint authorisation signatures are free to create and ensure that no NFTs are minted without prior approval.

It is a method of deferring minting until the non-fungible token is about to be sold. Buyers pay the fee after their NFT has been sold, making digital asset creation more affordable and equitable for creators. 

It is now available on major NFT platforms such as [OpenSea](/news/article/nft-hackers-passports) and [Rarible](https://rarible.com/).

## What is the significance of lazy minting?

It is vital because it allows artists to save money when minting, which is a significant concern when gas prices for [Ethereum](https://ethereum.org/en/) transactions are high.

When the Ethereum blockchain is overcrowded, the gas price can skyrocket. This forces artists to pay large sums of ETH to list their work for sale on digital asset marketplaces.

During hyped NFT launches, bull markets, and market-related headlines where many people try to conduct on-chain transactions, the cost to mint an NFT can become relatively high.

## How does it function?

The creation of off-chain NFTs is used in lazy minting. This implies that until an NFT is purchased, it is not officially on the blockchain. Once the digital item is bought, it is minted on-chain and the buyer is responsible for paying the gas costs to mint the NFT.

It can be broken down into three general steps:

1.	A smart contract is used by the creator to mint an NFT. On behalf of the seller, this contract will mint and sell the NFT.

2.	To approve the lazy procedure, the seller offers a private signature containing a wallet and token information (such as the token ID, price, etc.).

3.	The buyer buys the token and pays a price that includes the NFT and the cost of minting it. After that, the NFT is added to the chain and delivered to the buyer's wallet.

## What advantages does it offer?

It offers several advantages, including:

1.	Reducing the impact of gas fees: By moving the payment of the gas fee to mint NFTs after the sale, sellers can include the fee in their pricing models, reducing the deterrent effect of the high costs on budding artists.

2.	Lowering the entry barrier: One of the chief advantages is the removal of high gas costs required to mint an NFT, lowering the entry barrier and making the process more accessible to developers and artists.

3.	Boosts liquidity: It promotes liquidity because NFTs can only be transferred after being sold. As a result, buyers won't have to wait an eternity for their NFT to be transferred, and sellers won't end up with a stockpile of newly minted, unsold NFTs.

## Bottom line

[Lazy](/news/article/lazy-lions-nft) minting is a thriving trend in the market for non-fungible digital assets, with numerous advantages for artists and developers. It removes the initial cost of minting NFTs, making the process more affordable and accessible. 

Furthermore, because only sold NFTs are minted, and unnecessary power-hungry transactions are removed from the blockchain, the benefits aren't limited to artists and developers.



What is Lazy Minting?

Since it came onto the scene, many have wondered, 'is Casper crypto a good investment?'. Here, we'll try to find out.

The Casper cryptocurrency was launched in 2017 and gained popularity due to its unique features. The most significant part of Casper is its use of the Proof-of-Stake (PoS) algorithm, which is different from the more common PoW (Proof-of-Work).

With PoS, instead of miners validating transactions and earning rewards, Casper users who hold the currency in their [wallets](/news/article/crypto-wallet-multiple-currencies) can earn interest on their holdings. This makes Casper a more environmentally friendly option, as there is no need for energy-intensive mining operations.

There are many options when [investing in cryptocurrency](https://www.wsj.com/articles/tesla-ceo-elon-musk-says-he-personally-owns-bitcoinand-so-does-spacex-11626908542). With so many different coins and tokens available, knowing which ones are worth your money can take time and effort.

One coin that has been getting much attention of late is Casper. The new cryptocurrency is designed to change how we interact with the internet and promises to provide many benefits over traditional currencies.

Casper has also implemented some governance mechanisms to ensure that the currency uses responsible. For example, users must have a minimum balance to participate in staking and earn rewards.

## Is Casper a good investment?

It's essential to understand what Casper is and how it works. Casper is a decentralized network that uses [blockchain technology](https://www.newsbtc.com/news/bill-gates-bitcoin-exciting-shows-cheap-sending-money-can/) to enable secure, peer-to-peer transactions. Transactions on the Casper network are processed instantly and are entirely private.

Casper's design is to be more efficient than current web browsers. The developers claim Casper can load pages four times faster than Chrome and Safari. Additionally, Casper doesn't require users to install any plugins or extensions.

Casper is a good investment as it offers an excellent opportunity to make profits in the long term. It is among the most popular and successful Initial Coin Offerings (ICOs), attracting much attention from investors and traders.

The project has a strong team of experienced developers, entrepreneurs, and marketing experts. They have created a functional product and have a solid roadmap. A well-known venture capitalist firm also backs the project.


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