Blockchain is maturing at a rapid rate. It is because 81 of 100 major companies worldwide use blockchain solutions. Out of these, 65 companies have an efficient blockchain system and the rest are in the research phase.
Smart contracts are computer protocols based on blockchain technology that define rules and penalties of an agreement in the same way as a traditional legal contract. The innovative use of these tools lies in the automation of the process of executing an agreement, which does not require third parties involved to control the security of the system.
A blockchain is a database – i.e. a set/group of ordered data – distributed and shared across a network of computers (called, in bloackchain jargon, ‘nodes’).
The term DAO is an abbreviation for Decentralised Autonomous Organisation. The idea for the first DAO came in 2013, from Ethereum co-founder Vitalik Buterin, who developed the idea and gave it the initial name “Decentralised Autonomous Corporations” (DAC).
NFTs create a digital certificate based on Blockchain (a computer ledger divided into blocks) designed for the collection of users’ digital objects, including games, music, art and many others. With the acquisition of this certificate, digital artworks acquire a unique and rare identity (like non-digital artworks).
In one of our previous articles, we saw how NFTs – non-fungible tokens – have easily achieved vast global popularity in recent years. Suffice it to say that the market capitalisation of available NFTs has reached approximately USD 841.56 million (if you want to learn more, read our Crypto & NFTs Report).
You will certainly have heard of the very rapid innovation that the world of the Web has undergone in recent years: day after day, the speed of interconnection, entertainment and business opportunities, the amount of personal and non-personal data, privacy laws and, ultimately, the needs of users increase. And it is precisely from users’ needs that Web3 was born.
By Game-Fi we mean the combination of video games (gaming) with decentralised finance (DeFi). This particular type of digital games uses blockchain technology, which makes them unique and allows players to be the verified owners of virtual items in the game.
Web 3.0 is the new phase in the evolution of the Internet and can be described as potentially disruptive in terms of change in the global digital landscape.
The three fundamentals of Web 3.0 are decentralisation, openness and broad utility to the user.
Sentiamo spesso parlare di metaverso come una sorta di realtà virtuale che viene condivisa tramite internet ed è partecipativa per chiunque voglia attraverso degli avatar. Se prima sembrava solo una fantasia lontana appartenente solo al mondo della tecnologia avanzata possiamo finalmente dire che il sogno diverrà realtà.
The NFT are the equivalent of a certificate of ownership on digital content of any kind. The main characteristic of these elements is their uniqueness: they cannot be replaced by anything else.