Author: Precious Udeorah

Blockchain gaming is a type of gaming that involves trading gaming items online in exchange for real money. It uses the same technology as cryptocurrency and allows for the exchange of coins during trade. In blockchain gaming, NFTs are incorporated to create an array of visual enhancement items that can be used to personalize players. These include; avatar, weapons or skills. These items can be sold from one gamer to another ensuring interoperability between layers. In some games like Cryptokitties, players breed kittens of different appearances. The kittens can then be used as NFTs and can be traded within the…

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NFTs is unique digital assets that can be found in video games or other digital environments where people can trade them. These non-fungible tokens (NFTs) exist on a blockchain and represent real-world items, such as game awards, images or video. NFTs enable digital artists to display their work in a decentralized market place rather than art galleries. NFT items vary from music to videos, photos, trees, virtual labs, music, and painting. Two types of investors feature in the NFT marketplace: the ones who purchase an item from digital artists to sell at a higher price in the future and the…

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The rise of cryptocurrency has given birth to a world of financial independence. That is zero control of the government and their supervisory agencies. The major selling points of the crypto market are decentralization and anonymity (No ID), but as with everything that has an advantage, it also has its disadvantage and risks. Although the foundation of the crypto industry is based on privacy and anonymity, that also pegs it a risky and vulnerable venture. So, if you buy and sell cryptocurrency anonymously, here are top 5 risks you might want to keep in mind; Illegal Activities The crypto industry…

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In 2017, SegWit a Bitcoin network upgrade that led to Bitcoin cash was implemented. Over the years, there have been talks of launching a bigger and more efficient network upgrade and it’s finally here. The Bitcoin Taproot, the much anticipated upgrade has gone live today and is said to be the biggest bitcoin network upgrade after the Segregated Witness(SegWit). Taproot is a Bitcoin update that guarantees transaction security by keeping details buried. Unlike SegWit, which splits one blockchain account into two (hard fork of the network), Taproot is less controversial. The Bitcoin Taproot combines complex transactions involving multiple people, making…

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The crypto market is increasing on a daily basis and with each day, the market sees the influx of more investors willing to take a chance with trading cryptocurrencies. Many of these investors go in blindly because they do not have the knowledge to navigate the market. Here are 5 common mistakes a beginner crypto investor make; Ignoring research The major reason beginners in crypto investment run at a loss is because they do not carry out their research. The crypto market is too deep and broad for even the biggest players, much less a beginner. You need to haven…

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The crypto gaming sector is on the steady rise. A turnover of $300 million has been produced by the sector, statistics show. Developers today are outdoing themselves in coming up with useful invention and what started out as a widely shared enthusiasm is turning out to be a macro investment opportunity. Several crypto trading projects, in terms of their offering, have stood out in 2021. The following hold the top spots in the sector; Axie Infinity The Vietnam Sky Mavis studio production is a blockchain based video game that runs on the Ethereum network and uses NFT technology. Adopting a…

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According to a recent study, most game developers are now including blockchain elements in their games. The study shows that game developers are moving from the traditional way and starting to get inclined to use blockchain, NFTs and play-to-earn models in their games to entice new players. The study was commissioned by Stratis, a blockchain platform. In a research carried out by Opium, 58% of 197 surveyed developers are starting to include blockchain in their games and it looks like this trend is here to stay. According to the same research, 48% of these developers are beginning to include NFTs…

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Following what appears to be an acceptance of the Central Bank of Nigeria’s digital currency (CBDC), analysts have weighed in on the lack of trust in the Nigerian government saying that it is a major deterrent to the success of the eNaira. A significant number of some of the major Fintech startups are concentrated in Nigeria and competing with these Fintech startups highly limits the prospect of success of the eNaira, skeptical analysts have expressed. Financial Times reports that this impending menace from hugely funded Fintech startups puts a huge question mark on the chances of the eNaira fulfilling the…

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The Hong Kong-headquartered exchange, Crypto.com has a native cryptocurrency known as CRO. Founded in 2016, the exchange is geared towards facilitating an easy payment experience with digital currency. Crypto.com has supported over 100 cryptocurrencies so far. CRO used to be an Ethereum based currency until it recently got transferred to Cronos chain, a native blockchain network of Crypto.com. This migration has seen CRO become the utility token for Cronos and has enabled more real use. With a market capitalization of $8.5 billion, CRO is currently the 23rd largest cryptocurrency. The token surged significantly over the past few weeks and attained…

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A West Africa art exhibition, Art X Lagos recently started a non-fungible token (NFT) art fair that showcases the works of African artists from over five countries. Art X Lagos made it known on their website that blockchain is now offering digital artists a platform to sell their work. They also noted that a more decentralized and more collaborative economy could arise allowing creators to lead the way to an inclusive, and more diverse society. To reinforce the extent of Art X Lagos’ determination, the organizers, are collaborating with a digital art market on the Ehrereum blockchain,, to kick off…

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