Behemoth cryptocurrency exchange Coinbase announced the launch of a Web3 social marketplace for non-fungible tokens (NFTs) dubbed “Coinbase NFT” on Wednesday, although only the beta version. The company first announced its plans for an NFT marketplace in October 2021. According to the official report, Coinbase NFT “is a peer-to-peer community platform where creators and collectors […]
In 2020, the global NFT market did about $338 million in transaction volume. In 2021, it surpassed $41 billion. Meanwhile, the global physical collectibles market, including trading cards, games, toys, coins, etc., is a $370 billion market. If history is any indication, when a physical market goes digital, it eventually grows even bigger than the […]
When an NFT (non-fungible token) sale takes place, the buyer is not essentially purchasing the underlying digital image. Instead, the buyer is purchasing a crypto token representing proof of ownership of the digital image in question. Without the authentic token, you might as well have thrown your money to a random person on the internet. […]
Note: This piece was first published in 2014, so some facts in it are out-of-date. However, the truth it passes across is timeless. “If you understand this way of thinking – that by taking smart risks you can make money over time – it will improve your willingness to take risks.” – Bruce Bower What […]
Michal first heard about bitcoin in 2014. He had $4,000 in his savings account. Inspired by his programmer friend, a rabid bitcoiner, he went all-in. “At the time,” he wrote on his Medium page, “I invested my $4k, the price of a bitcoin was about $600. I got 6.55 BTC. I will never forget that […]
A NON-DIRECTIONAL (MARKET-NEUTRAL) CRYPTO TRADING METHODOLOGY It has been said often and often, that rule-based discretionary traders are the best traders on this planet. For you to be a winning trader, you need to abide by the Golden Rules of trading, which ensure your lasting success in the markets. Trading principles that work are timeless […]
As suggested by its name, non-fungible tokens (NFTs), unlike fungible tokens like Bitcoin or gold, cannot get traded for something of equal value. For example, timeless artwork like DaVinci’s Mona Lisa is a non-fungible entity in that it cannot get exchanged with another Mona Lisa. Non-fungible tokens are typically blockchain-minted artworks bearing unique encryption codes, […]
