Many who are not fully emerged into the blockchain realm often ask themselves, “what is Web3?” and “what is Web3 doing to gain considerable attention?”. Web3 is a collective of decentralized internet applications operating on public blockchain networks. Decentralization is an essential component of the Web3 movement. Also, the public blockchains underpinning most Web3 networks are permissionless, meaning that anyone can participate. Furthermore, these public blockchains are censorship-resistant. Accordingly, nobody can block anyone else or restrict their access to the network. Additionally, Web3 services feature integrated payments systems that facilitate payments from a web browser using a cryptocurrency wallet. Primarily, this is thanks to a highly collaborative development community and high-quality tools such as JavaScript and Web3.js.
Non-fungible tokens (NFTs) have frequently been hitting crypto and mainstream media headlines for over a year. After the international buzz of Beeple’s news-worthy $69 million NFT art sale in March 2021, NFTs have begun making a name for themselves. But, what are NFTs? Why do we need non-fungible assets? What makes an NFT valuable? In this article, we’ll dive deep into the fundamentals of non-fungible tokens (NFTs). We’ll explore various token standards, how to buy NFTs, what makes an NFT valuable, and different NFT use cases. For readers who would like to learn more about what makes blockchain so revolutionary, save our “Crypto Explained” article for later! Also, the Blockchain & Bitcoin 101 course at Moralis Academy is the perfect place to discover how this cutting-edge technology works under the hood. Join a community of over 30,000 students today at Moralis Academy!
Flux is a blockchain project working towards building a decentralized internet offering various blockchain as a service (BaaS), computing, development, and asset management services. By catering to both developers and end-users, the Flux network offers a secure, chain-agnostic development space – FluxOS, run by holders of the native FLUX token. As such, the Flux ecosystem exhibits true decentralization, with project governance operating through the Flux governance XDAO. Further, the global community of FluxNodes is responsible for powering the Flux network. But, what makes the Flux blockchain so special? What are the value propositions of the FLUX token?
How many times have you queried Google “how does blockchain work?” and not really understood the various explanations given? As a niche and adapting technology, people often explain blockchain in a complicated way, using complex terminology and a technical language, leaving beginners confused. If you are in that position, don’t worry, our “Blockchain Explained” article has you covered!
The Decentralized Social Network (DeSo) blockchain project presents a specialized chain for hosting decentralized social media platforms and applications. The DeSo blockchain native asset, DESO coin, is fundamental to the security and operations across the DeSo ecosystem. Moreover, the project offers novel ways for content creators to generate income streams and to engage with their audiences. Additionally, users of the decentralized social blockchain have full autonomy over their data and the content they see.
Marinade Finance is a liquid staking protocol operating on the Solana blockchain. Users can stake the SOL token to earn compounding interest while helping to maintain decentralization throughout the Solana ecosystem. Also, by staking SOL tokens with Marinade Finance, users receive the liquid “Marinade staked SOL” (mSOL) token. The mSOL token can be used in secondary markets on various decentralized finance (DeFi) protocols to maximize yield. Plus, stakers can bypass the cooldown period and withdraw their funds immediately for a small fee. Furthermore, the native Marinade Finance token (MNDE) token is the governance token of the Marinade Finance ecosystem. Not only does the MNDE token grant governance rights to holders, but it also incentivizes early contributors and collaborators.
The Polymath network is creating a highly compliant and standardized framework for issuing security tokens. Launched on Ethereum in 2018, the Polymath ecosystem uses the ERC-20 POLY token for token issuance. However, the launch of the purpose-built Polymesh blockchain will also see the introduction of the native POLYX token. The POLYX token will replace the POLY token and play an essential role in protocol governance. Also, the POLYX token will become the primary medium of exchange throughout the Polymath network, including the Polymath Token Studio.
The Hive blockchain is a decentralized hard fork of the Steem blockchain. The Hive crypto ecosystem is home to a broad range of decentralized applications (dApps), social media platforms, NFT projects, and crypto games. Furthermore, Hive coin (HIVE) is the native cryptocurrency of the Hive network and plays an essential role in the Delegated Proof of Stake (DPoS) consensus mechanism. Also, thanks to the novel Proof-of-Brain (PoB) concept, anyone can earn Hive coins by creating and curating content.
The IOST blockchain ecosystem is one of the longer-standing projects in the crypto industry. Introducing a new consensus model, Proof-of-Believability (PoB), the project offers a faster and cheaper developer environment than the leading decentralized finance (DeFi) chain, Ethereum. Moreover, the project employs the IOST coin or IOST token as a key cog in the IOST crypto ecosystem. The project presents a scalable, interoperable, reliable, and secure blockchain development environment. As such, the platform is host to a wide array of applications, including crypto launchpads and NFT marketplaces.
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