You may have heard of non-fungible tokens or, more likely, about these mystical treasures called NFTs. Fear not friend: the following article will explain what NFTs are, what they’re about, and what they are related to.
This, fundamentally, is what NFTs are all about. Consider, if you will, the Mona Lisa, a priceless piece of artwork by just about anybody’s standards. Anyone could take a picture of it, and any highly talented artist could paint a copy of it, but these would never be as valuable, because they will never be the original painting created by Leonardo da Vinci. “Artworks”, therefore, are fundamentally different from items with templated artistic designs, such as bank notes, which are designed to be copied on mass. These are what are known as fungible, i.e. replaceable and mutually interchangeable. Original artworks, however, are non-fungible, in that they are unique and irreplaceable.
How this Applies to Digital Artwork
Some of you might remember the viral YouTube video Nyan Cat, first uploaded in April 2011. The fact that Nyan Cat has been copied and downloaded millions of times over the past decade, however, does not change the fact that the original animation was created by someone, in this case a 25-year-old man from Dallas, Texas called Christopher Torres. As the originator of the meme, there is a level of ownership attributed to the success of that post. However, unlike the Mona Lisa, Nyan Cat is not made of paint but of computer code, and so authenticating the originality of the work takes more than a physical signature provided by the artist.
Where NFTs Come In
Non-fungible tokens (NFTs), are, in essence, digital signatures attached to original code or software, consisting of digital data stored in a blockchain, i.e., a form of distributed ledger. They are relatively easy to create but are uniquely identifiable. Alternatively, one can simply buy NFTs from online suppliers from various sources. This helps to provide financial security for the originator of that data, whether that be an mp3 or mp4 file, a jpg, or more advanced directories and files like those of a computer game program. Whilst NFTs do not necessarily grant intellectual property rights in a legal sense, as it does not necessarily restrict the sharing or copying of digital files, they nonetheless are a recognized form of providing public certification of authenticity or proof of ownership.
Why Do This?
If you were to ask Chris Torres about the lucratively of having an NFT on a simple animated gif that just so happened to go viral once, then he may tell you that in February of 2021 he created an updated version of Nyan Cat, selling this as an NFT for 300 ether (Ethereum, a native cryptocurrency), which at the time of sale was roughly equivalent to around 587,000 US dollars. Moreover, considering that NFTs can be bought and sold, just like priceless physical artworks, there is no telling how far that price tag may skyrocket if Nyan Cat finds itself written into the pages of internet history.
Discover VGX and BRISE Tokens
Today’s article is devoted to getting to know two well-known crypto platforms. More detailed information about them will help you plunge into the world of cryptocurrencies.
The Voyager Native Broker Token (VGX) is a liquid, functional token that will provide value and utility to the entire Voyager ecosystem, including trading, storage, and wallet products. Tokens can be placed or used for various purposes, which greatly improves the customer experience. By holding VGX, users can take advantage of holding their own keys to their crypto funds (“your keys, your coins”), as well as being able to quickly trade their crypto assets.
Voyager complies with state, federal and international regulations and actively cooperates with regulatory authorities to maintain the highest standards of compliance.
By using the broker’s own VGX token, the user gains significant value and benefits. As part of Live Trading, the ability to trade from its own storage, the VGX token will enable instant blockchain transactions, allowing users to execute split-second trades directly from self-storage wallets. As part of Live Trading, VGX holders can use tokens to pay fees and receive discounts.
It is necessary to keep track of the VGX price, as the market does not stand still, so in order not to miss important details, hurry up the trusted site LetsExchange.
In addition to the discounts clients receive on withdrawal fees and real-time trading fees, clients will be given access to a unique reward system based on VGX token ownership. Clients can not only trade commission-free, but they can also get money back every time they trade.
Voyager is one of the few brokers that offer block-free interest-bearing accounts along with competitive trading offers. Users are provided with basic interest rates with the possibility of increasing interest due to the functionality of the tokens.
In addition, the VGX token provides users with additional rewards, benefits and advantages. As Voyager adds products such as debit cards, margin, credit, and integrates a universal wallet into Voyager apps, VGX token holders will enjoy additional benefits.
Bitgert is a crypto engineering agency that specializes in blockchain products and audit solutions.
The platform uses the DeFi protocol and is built on the Binance Smart Chain (BNB) blockchain. It was launched in July 2021 and initially used BNB tokens to pay rewards.
The BRISE coin is used as a peer-to-peer means of payment in the BRISE dApp Wallet, which does not charge any transaction fees. This allows both the seller and the buyer to interact directly without the involvement of a third party.
The platform also implements the concept of buyback of cryptocurrencies, and thus “holding the BRISE coin becomes more attractive.” The buyback policy gives investors more reasons to buy and hold cryptocurrencies, which stimulates demand and, accordingly, increases its price. BRISE price can be tracked on our special website, which shows you all the necessary statistics at once
Each transaction is subject to a 5% repurchase tax, which is withheld in the smart contract. If a sale occurs, a portion of the repurchase tax paid is used to purchase tokens from the liquidity pool, which are immediately burned thereafter.
Explore the market, and our site will help you find updated and relevant information about all the changes in the crypto ecosystem!
What Is Inflation and How Does it Work?
Inflation is commonly talked about in everyday life. It is frequently referred to by politicians, so it should be a term that everyone feels comfortable discussing. But how many people actually know what inflation means and how it affects their day-to-day living costs?
An increasing inflation rate is not always an entirely negative prospect as it can present the perfect time to invest in online foreign exchange. Especially as the inflation rate differs between countries making certain investments more appealing.
Inflation is defined as the rate at which prices increase over a certain period of time. This is reflected in everyday life as an increase in the cost of living due to retail prices rising for certain products. As the prices of goods rise, this will decrease currency value, as money is unable to buy the same quantity of products as it used to.
Inflation is difficult to predict and does not occur at a fixed rate. In certain situations, deflation can occur where the cost of goods will decrease as the value of currency increases.
Causes of inflation
There are many different reasons why inflation occurs and it should not always be seen as harmful. Small, controlled increases can result in economic growth so can be positive. However, larger increases can be detrimental to the cost of living once growth starts to exceed demand.
A rise in the inflation rate is not always due to one factor. Instead, it is not this simple and can be the result of a combination of factors.
Consumer demand can drive inflation if there is increased popularity of a specific product or service that is unable to meet demand. This will drive up the cost of the goods as prices increase due to insufficient volume.
Demand-pull inflation can also be affected by an increase in the amount of money in circulation. This causes an increased demand for products that will push prices up as consumers have more money available to spend.
Any increase in production costs or the raw materials required to produce goods will result in cost-push inflation. Consequently, the cost of the final product will increase as the increased production costs are passed on to the consumer, enabling businesses to maintain profit margins.
Devaluation can also contribute to higher final product prices as exported materials become increasingly expensive to buy.
Increases in employees’ wages can have a knock-on effect on the price of products and services. As businesses spend more on wages, they may have to increase their prices to minimize the effect on their profit margin. At the same time, there will also be a rise in the increased demand for goods as people have more money available to spend.
Any demand-push will increase the cost of goods and result in an increased cost of living. People then expect an increase in wages to meet this rise, creating a cycle that drives increasing costs.
Inflation must be measured to determine the impact that price changes are having on economic growth. It is not easy to measure inflation, but there are a variety of ways to quantify this rate of growth.
· Consumer price index
· Wholesale price index
· Producer price index
Every month the US Bureau of Labor Statistics publishes the consumer price index, and this is the most common measurement used to determine inflation.
Consumer price index
The consumer price index is calculated by looking at how much the average retail cost of a basket of goods and services changes each month. This basket contains products and services that the average household will commonly purchase. The contents of the basket generally stays the same, with only the occasional outdated item being removed and changed for a more up-to-date version.
Alternatively, the wholesale price index can be used to measure inflation. Instead of looking at final product prices, the wholesale price index monitors the changing cost of raw materials over a specific period of time. If the wholesale price index is not appropriate, the producer price index can be used. This keeps track of changes to the price that products sell at.
It is very difficult to control inflation, but the government tries to keep levels manageable. To provide market stability, a 2% increase is usually aimed for. This helps businesses make predictions about future spending and employment levels.
However, there are limited methods that can be used to manage increasing inflation rates.
· Price control, with caps on certain products and limits on wage increases.
· Contractionary monetary policies aimed at slowing economic growth by increasing interest rates.
Controlling the rate of inflation is a balancing act, as too much growth can devalue a country’s currency but a small amount can encourage consumer spending. Imports and exports are also affected by inflation changes, so there are many factors to take into account when looking at inflation and changes to the economy.
6 Ultimate and Safe Investment Options in 2022
Volatile share markets or investments in places you’re not sure of can make you lose your faith in investments altogether. This is why so many people shift towards safer prospects when the stock markets or other volatile areas get disrupted. The world is changing and so are its finances.
Did you know that in the US, 70% of Americans regret not having handled their money correctly back in 2019? So, if you wish to make a change in your lifestyle and go for a safe investment option, here are a few listed down for you!
1. High yield savings account
This is probably the safest type of investment that anybody can choose. These bank accounts are insured and taken care of by the Federal Deposit Insurance Corporation or a similar organization, depending upon where you live.
They are very liquid and immune to the highs and lows of the market. However, there is one thing you should keep in mind- if the inflation rates are higher than the annual percentage yield, the money you’ve invested can lose its purchasing power. Interest rates are also pretty low for these savings accounts.
2. Money market funds
Money market funds are basically a pool of CDs (Certificates of Deposit), short-term bonds, or other low-risk investments that are grouped together in order to diversify and spread out the risks.
These are mostly sold by brokerage firms or mutual fund companies. There is a bit of a difference between CDs and money market funds in that money market funds are liquid.
So you can easily take out your invested amount without any potential risks. The bank will tell you the rates and the value per share is never less than $1.
Many investors feel that gold is a very safe investment option in 2022. However, it can experience drastic stock and price swings, just like in the share markets. But the good part about investing in gold is that this metal holds its value for long periods of time.
Depending on your needs, you can go to a bank and ask for gold investment. It is a pretty safe option that will protect you against inflation in the long term. But it’s a monetary asset, which means that it can diversify from the dollar-denominated assets.
4. Corporate bonds
Many corporate companies also issue bonds that are relatively low-risk and advantageous for investors. The lowest kind of corporate bond is known as a high-yield bond or a junk bond. They are low in rate as well as in quality but can cause a potential risk regarding the interest rates.
But if you want to mitigate the interest risk, you can go for a bond that matures in the next few years. https://www.bondexchange.com.au/ (ABE) offers you high-security investments in corporate bonds so that your risks are always low.
5. Series I savings bond
This will be the perfect choice for anyone who wishes to ward off inflation and earn a good rate of interest. These are government bonds and their yield can never go below zero. They have a leg up on the TIPS, which can post even negative yields.
For series I savings bonds, there is usually a composite rate of around 1.6% but a person can only invest up to $10,000 a year based on their social security number. These bonds earn you interest for 30 years but you need to hold them for at least 1 year before liquidating.
6. Dividend-paying stocks
Stocks are not as safe as cash or savings accounts but some of them do offer advantages. Dividend stocks are said to be much safer than high-growth stocks because they pay in cash dividends, which reduce their volatility.
But dividend stocks will fluctuate depending on the market. However, the good part is that it might not fall as low as other stocks when the market crashes. One potential risk for this kind of investment is that, if the company declares a loss, then the dividend will affect the stock price.
Over to you…
These are the 6 ultimate and safest investment options for you this year. Since 2022 has just started, you still have a bit of time to research and go through your choices before making a decision. If you wish, get in touch with professionals who will help you out and then guide you towards the correct form of safe investments.
Top 7 Pop-By Gift Ideas for Real Estate
How to Play When the Turn Pairs the Middle Card
Future-Proof Skills for Structural Engineers
Accidental Inventions That Changed the World
How to Run a Better Business in 2022
How Are Smartphones Changing Online Gaming?
Healthy Bowel Habits for Your Toddlers
Captions1 year ago
341 Sexy Captions to Fire Up Your Instagram Pictures
Captions1 year ago
311 Night Out Captions for Instagram and Your Crazy Night
Captions1 year ago
245 Saree Captions for Instagram to Boost Your Selfies in Saree
Captions9 months ago
256 Best Ethnic Wear Captions for Instagram on Traditional Dress
Captions1 year ago
230 Blurred Picture Captions for Instagram
Quotes1 year ago
222 Nail Captions for Instagram to Showcase Your Fresh Manicure
Captions1 year ago
275 Deep Captions for Instagram to Express Your Thoughts
Captions10 months ago
211 Laughing Captions for Instagram | Laughter Is the Best Medicine