During this podcast, our CEO Ed Prinz and Kevin Riedl delve into NFTs and examine the reasons why they have not yet achieved widespread adoption. We explore the requirements that may be necessary to bring NFTs to the general public. Spotify: NFTs: Why are we not there yet? – Ed Prinz AnchorFM: NFTs: Why…
This marks the moment when Ethereum will switch from the old Proof of Work to Proof of Stake. September could be the time. Jakob Steinschaden talks in the podcast with Astrid Woollard from SMAPE Capital and Ed Prinz 🦄, CEO of loob and Chairman of DLT Austria: https://www.trendingtopics.eu/wir-durchleuchten-ethereum-proof-of-stake/
I was invited by my former employer #EY to an exciting webcast on the topic of “#NFTs beyond the hype”. At the time, I was still at EY as a blockchain expert and architect, helping to set up the Blockchain Competence Centre DACH, but now I’m back in a new role and it was great…
Blockchain-based games allow players to buy, collect and trade NFTs in multiple ways. Available NFT items in games might be characters, creatures, virtual weapons, skins and many other accessories. In this upcoming phase, investors are rapidly discovering new use cases for NFTs beyond digital artworks and collectibles. An example is NFTs’ seamless connection with the…
Investors in cryptocurrencies invest in Fungible Tokens, which are exchangeable. So, for example, when one exchanges one Bitcoin for another, there is no one among the exchanging parties who bears any disadvantage from the exchange. Non-fungible tokens, on the other hand, represent digital property that is unique. These can be, for example, works of art,…
You already heard about “Profile Pics” in the NFT Ecosystem. These are series of images (often 10,000 individual variations of a motiv), that can be used as user images in social media. Alternatively, they’re also called “avatar” projects. The best-known PFPs are the CryptoPunks. The CryptoPunks were created by two creative software experts, John Watkinson…
Non- Fungible Tokens (NFTs) transform digital artwork and other collectibles into unique, verifiable assets, which can be traded on the blockchain. Digital Assets (NFT Utility Value), which are tokenised on the blockchain, provide a distinct (decentralised) indication of the ownership of an asset, the owner’s identity as well as governance & access rights. As a matter of fact, buying an…
The creation of NFT requires an underlying distributed ledger for records, together with exchangeable transactions for peer-to-peer network trading. While most NFTs to date have been built on Ethereum today, some newer NFTs also use other blockchains such as Flow, Binance Smart Chain or Ethernity Chain for specialized application support. The popular blockchain systems use…
The universal standard ERC-20, which works with smart contracts, has become a real turning point in the world of cryptocurrency. The ERC-20 tokens are currently used by most Cryptocurrencies as they connect cryptocurrencies to each other and to third-party services. However, there are other types of tokens as well. The main difference between the ERC-20…