Some consider it the next generation of the internet: Web3 which a decentralized version of the web based on the blockchain. Web3 – sometimes misleadingly called Web 3.0 has overtaken the Internet of Things, aka Industry 4.0, in reporting. Podcasters, investors or analysts, everyone seems to talk about Web3. And Elon Musk tweeted in December 2021, wondering what the future of Web3 might be like 10, 20 or 30 years from now. So let’s dive deeper into it to learn what exactly is behind it, which use cases already exist and why skeptics doubt that the Internet will become more democratic as a result. Also, we will take a look onto some Web3 stocks to buy. (more…)
Gaming in the blockchain industry is booming and disrupting the current gaming industry. Leveling up monsters, exploring a virtual world and earning money – crypto video games make it possible and because of this, they are very trendy. This so-called GameFi sector is now even more popular than the financial heavyweight DeFi (who wouldn’t like to earn money while having fun?). However, gaming fans should be careful: what sounds great on paper has its own pitfalls. So let’s delve a bit deeper into the topic of GameFi and see if it’s really worthwhile and what to expect in the future.
What is the difference between Leonardo Da Vinci’s Mona Lisa and a high-quality printed poster of the same size? Well, a large part of the 2.7 million visitors didn’t come to the Louvre in 2020 for a reprint, I guess. The original one hangs there, verified by trustworthy certificates of authenticity. In the digital world though, there has never been a counterpart for such verification before. Until the development of the blockchain, no technology was established that made digital goods unique. That changed with the establishment of a standard for so-called non-fungible tokens, NFT. The term stands for unique, non-replicable digital proofs of ownership (tokens) that represent the rights to a digital or physical asset or document. Many NFTs are based on Ethereum blockchain technology protocols, making them technically very similar to crypto assets. (more…)