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Showing posts with the label Competition

What are or NFTs? Why are they taking the digital art world by storm?

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  NFTs or non-fungible tokens are currently taking the digital art and collectibles world by storm digital artists are seeing their lives change thanks to huge sales to a new crypto audience and celebrities are joining in as they spot a new opportunity to connect with fans.  NFTs or non-fungible tokens are immutable digital tokens non-fungible means it's unique and can't be replaced with something else for example bitcoin is fungible you can trade one for another but not nfts where bitcoin was hailed as the digital answer to currencies nfts are now being touted as the digital answer to collectibles .nfts in the digital world can be bought and sold like any other piece of property they are not a tangible form of their own but their tokens can be thought of as certificates of ownership for virtual or physical assets. an image video game tweet can be turned into an nft and monetized nfts can be digital artworks virtual game accessories collector cards audio files etc ... How Do N...

Bitcoin Demand Vs Supply

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 Bitcoin Demand Vs Supply When rumors surfaced of a possible glitch in the blockchain system supporting Bitcoin, buying interest in the mega crypto briefly waned. In all markets, any seed of doubt, especially in a still nascent, somewhat hard-to-understand asset, will send some investors to the sidelines. This is what happened for about a week in the Bitcoin markets, and prices pulled back. But when instability hit trading platforms in the wake of the Reddit-inspired investing frenzy in heavily shorted securities, resurgent demand for Bitcoin popped prices back up towards their all-time highs, largely because Bitcoin supply did not increase rapidly enough to meet demand.   The “double-spend” Bitcoin rumors were unequivocally proven false, stemming from a naturally occurring but extremely rare bifurcation in the resolution system for blockchain transactions that basically self-corrects as blockchain activities progress.  Market prices decline when there is a lack of demand...