Blockchain tech is holding NFTs back because of these three design flaws

Blockchain tech is holding NFTs back because of these three design flaws

Years after CryptoKitties were released to the masses, the nonfungible token (NFT) sector is finally going places.Coveted collectibles are selling for millions of dollars in some of the world’s finest auction houses. Top-flight soccer and basketball teams are releasing once-in-a-lifetime moments that fans cherish. Movie studios are starting to issue NFTs as memorabilia too, unlocking new revenue streams when they are needed most.It’s little wonder that NFT-focused companies are attracting eye-watering valuations. Just take a

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How crypto can modernize the world of lending

How crypto can modernize the world of lending

Lending has been around in some form for thousands of years — dating back to ancient civilizations where farmers would borrow seeds and use crops as repayment.The arrival of fiat currencies transformed the way economies were run back then. Indeed, you could argue that we’re seeing such a seismic shift now as cryptocurrencies become a larger and more influential part of the world’s financial ecosystem.When done right, crypto lending has the potential to level the

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South China Morning Post to tokenize 118-year-old archive with NFTs

South China Morning Post to tokenize 118-year-old archive with NFTs

Veteran Hong Kong-based newspaper South China Morning Post (SCMP) is creating a series of NFTs using a new token standard called “ARTIFACT,” designed to preserve historical assets on the blockchain.In its ARTIFACT Litepaper, SCMP presents an overview of the project, which is a standardized metadata structure that can be used to ensure that key moments from SCMP’s 118-year-old archive of media assets can be preserved through distributed ownership and circulation.Gary Liu, SCMP’s CEO, has said

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Fruits of the land: Blockchain traceability gives farmers a competitive advantage

Fruits of the land: Blockchain traceability gives farmers a competitive advantage

The global food and agriculture industry is a trillion-dollar sector that is growing exponentially. According to findings from the World Bank, agriculture alone accounted for 4% of global domestic product, or GDP, of the United States in 2018. The report further noted that agriculture could account for more than 25% of GDP in developing countries. Meanwhile, it’s important to point out that large corporate farms play a dominant role in the agriculture industry. For instance, research

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Kenyan electoral commission nominee clamors for blockchain voting

Kenyan electoral commission nominee clamors for blockchain voting

Justus Abonyo, former chair of Kenya’s Social Democratic Party and current candidate for commissioner of the country’s Independent Electoral and Boundaries Commission (IEBC), has called for the adoption of blockchain voting.According to a report by Kenyan news outlet, The Star, Abonyo spoke of this while appearing before the selection committee overseeing the appointment of IEBC commissioners at the Kenyatta International Convention Centre on Thursday.Detailing his support for blockchain voting adoption, Abonyo said such a move

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