The idea of accessibility when using cryptocurrencies was one of the most understandable and attractive to new users. Cross-borderless, lack of barriers, complete decentralisation and anonymity were once powerful drivers for attracting hundreds of thousands of participants to the cryptocurrency world. 

As blockchain technology has evolved, hundreds of cryptocurrencies, tokens, sometimes completely incompatible with each other have become a reason and sometimes a challenge for enthusiasts and investors to transact.

Sending BNB to a Phantom wallet or accepting ETH to an Avalanche user has become a barrier to transactions, and there are many such instances where differently structured blockchains have not made it easy to exchange value without immersing oneself in complex technical exchange manipulations.

One of the fundamental solutions Everscale has proposed for the market is Octus Bridge. A cross-chain application that allows transactions between blockchains in a fraction of a second.

Amazing but true, a user only needs four steps to transfer almost any token between wallets.

Install EverWallet and Metamask wallets, connect them to the Octus Bridge on the site, then select the network from which you want to make the transfer and select the network to which you want to send your tokens. After selecting the direction of exchange, specify the required amount and confirm the transactions.

Octus Bridge is a truly decentralised project that supports working with assets from multiple blockchains connected to a single bridge. At the same time, high transaction speeds are achieved thanks to the Everscale blockchain. The average transaction processing time is 0.2 seconds.

Now Octus Bridge supports two-way transfers between Ethereum, Polygon, BNB chain, Fantom and Everscale blockchains.

The appeal of the Octus Bridge app lies in the ability for users to not only make almost instant and low-cost transfers between different blockchains, but also get the added benefits of owning BRIDGE TOKEN tokens.

Products that facilitate the transfer of funds between different blockchain and offer original cross-chain solutions always attract the interest of both ordinary users and creators of their own projects.

Products that facilitate the transfer of funds between different blockchain and offer original cross-chain solutions always attract the interest of both ordinary users and creators of their own projects.

Cross-chain solutions in blockchain

In the era of metaverse development, mostly based on centralised services, there are very conceptual issues related to the development of truly decentralised services.

One of the main challenges in developing Web3 metaverse is the compatibility of these applications with each other. As different platforms and protocols are developed, there is a risk of fragmentation, which in turn can limit the interoperability and scalability of the metaverse. The problem with transferring digital assets and communication between different metaverse environments is something we exist with at the moment. You can't transfer a single crypto asset from Decentreland to Sandbox - they are different realities, so far like the Milky Way and the Andromeda galaxy.

To solve this problem, developers and companies are working to create more interoperable and standardised protocols. For example, the <a href="https://ibcprotocol.org/?ref=hackernoon.com">Inter-Blockchain Communication (IBC)</a> protocol allows communication between different blockchain networks, allowing for greater interoperability between meta universes. In addition, companies such as <a href="https://www.metafactory.ai/">Metafactory</a> are building platforms that enable interoperability between different NFT markets, making it easier for users to buy, sell and transfer digital assets in different metaverse environments. These are the projects of the so-called MasterVerse.

In general, the development of the Web3 metaverse faces a number of challenges, including compatibility issues and environmental concerns. However, developers and companies are working to address these challenges by creating more compatible protocols and exploring more environmentally sustainable alternatives. As technology continues to evolve, we can expect continued innovation and progress in addressing these challenges.

Ultimately, the potential for development of the Web3 meta-universe is enormous, and we are only beginning to scratch the surface of what is possible. As this technology evolves and improves, we can expect even more interesting and innovative use cases to emerge, as well as greater democratisation of digital identity and ownership. The future of the meta-universe is bright, and now is the time to be a part of this rapidly evolving ecosystem.

In general, the development of the Web3 metaverse faces a number of challenges, including compatibility issues and environmental concerns. 

Decentralised metaverses development in Web 3.0

The topic of NFT continues to evolve aggressively and offer the market additional tools to capitalise on.

NFT staking involves temporarily locking up NFTs on a particular platform or protocol in order to reap rewards and other benefits. It is a process that allows NFT holders to utilise their unused assets without having to sell them. This mechanism works similarly to cryptocurrency steaking.

NFT staking allows users to earn passive income from their unused assets. NFTs remain owned by the user and they can withdraw them from staking at any time. 

This opens up incredible opportunities for NFT holders, as they now have an additional source of income generation without having to sell their crypto assets. The rise of NFT steaking has paved the way for concepts such as NFT lending or fractional ownership of NFTs.

NFT staking cannot boast a strong popularity yet, but many well-known players in the blockchain space have already started experimenting with the topic. Binance has launched the Ape NFT Staking Programme for users who own NFTs within the Bored Ape Yacht Club (BAYC) to earn daily rewards.

There are projects like Lynk NFT Staking. Lynk currently offers an attractive annual percentage yield (APY) in the range of 256-438%. There are no additional fees involved in betting. Users will only have to pay a nominal gas fee, thanks to Lynk being deployed on the Arbitrum network.

Infrastructural changes in the cryptocurrency market will continue, and with the arrival of AI, the NFT sphere will begin to undergo even more dynamic changes and the emergence of new asset classes is not far off in any case.

NFT staking allows users to earn passive income from their unused assets. NFTs remain owned by the user and they can withdraw them from staking at any time.

What is NFT Staking?

Soulbound tokens (SBTs) are a concept introduced by Ethereum founder Vitalik Buterin and his co-authors to further develop a decentralised society and reverse the ownership of our own identities through digitalisation.

Soulbound tokens (SBTs) are unique digital tokens, similar to non-fungible tokens (NFTs), that are created with the aim of digitizing the representation of a person, their characteristics, achievements and more. For example, a Soulbound token could represent a digital degree certificate issued directly by an academic institution on the blockchain. In this example, "Soul" is the academic institution (as the issuer) and "Soulbound token" is the digital certificate (token).

The name "Soulbound" comes from the idea that tokens are "bound" to "souls" by being issued by a specific institution. This linkage creates a necessary level of authority, as the authority issuing the certificate will have a certain level of trust among the public.

Despite the link to the authority, which may not be decentralised, the Soulbound token is owned by the individual and remains in their respective DeSoc wallet - also referred to as a "soul". Full control remains in the hands of the individual, removing any dependence on a centralised authority and thus creating the basis for a strong decentralised community.

What role will soul-bound tokens play in a decentralised society?

Digital certificates already exist, but they are often not accepted on their own and require proof that they come from the issuing authority. In addition, digital certificates are usually issued separately by different centralised platforms and need to be requested or paid for.

In a decentralised society, Soulbound token holders can regain this autonomy by accessing their tokens quickly and easily, while ensuring transparency and reliability through the immutability of the blockchain.

Medical Records: a medical "soul" (a decentralised wallet dedicated to a user's medical information) will store a user's medical records as trusted digital SBTs that can be quickly accessed when needed. As these tokenised assets are issued directly by the medical centre with full transparency on the blockchain,there would be no need for auditing and they would be considered trustworthy. This would eliminate the need to prove your identity every time you need to present a medical card (for insurance purposes, as an example).

Educational Certificates: As with medical cards, an educational "soul" would contain SBTs that were issued directly to the user by the educational institution. These could be college diplomas, grade transcripts, certificates of proficiency, degrees, and more.

Looking to the future, the Web3 reality remains an exciting prospect for this technology, with VR games combining with a decentralised meta-universe, and digital art and currency paving the way for a decentralised economy. However, until now, these decentralised structures have relied on centralised platforms such as cryptocurrency exchanges and NFT trading platforms to provide trust and ease of access.

Soulbound tokens represent the next stage of building a decentralised society (DeSoc) with legitimacy and the right level of trust.

Soulbound tokens (SBTs) are unique digital tokens, similar to non-fungible tokens (NFTs), that are created with the aim of digitizing the representation of a person, their characteristics, achievements and more. 

The uniqueness of Soul Bound Token (SBT) technology

Мета/Game/NFT

Meta/Game/NFT

Аналитика

Analytics

Инвестиции

Investments

Новости

News

Регулирование

Regulation

Блокчейн

Blockchain

База

Basis

Веб 3.0

Web 3.0

Материалы

Materials

Глоссарий

Glossary

Прогнозы

Forecast

Безопасность

Security

DeFi

Видео

Video

Медиа

Media

Статьи

Articles

Актуальное

Actual

Рынки

Markets

Подкасты

Podcasts

The cryptocurrency market has opened up a huge number of opportunities for people. And this is not only due to receiving income from changes in exchange rate differences and investments in projects. It has opened up access to a huge number of professionals who were able to monetise their skills at a much higher cost than the current fiat market offered them.

We have already written about crypto professions. However, this topic is very flexible and voluminous, so we will devote another post to it.

1. bloggers - in a few years a whole generation of crypto bloggers has grown up, who have acquired expertise in projects and have become real market forwards, opening new projects for crypto-enthusiasts.

Revenues of bloggers on crypto topics are measured from $200 to $3,000 per review, post or story. To reach this level requires a sincere desire to understand projects, presentation skills, quality video editing and a large subscriber base.

2. advisers&nbsp;- this is a higher level of cryptocurrency flight. Here you need practical experience in projects, preferably positive, the ability to understand tokenomic, have acquaintances with funds and investors, and have a strong personal brand. The pay level for an Advisor is from $15,000.

3. ambassador is a conditionally very well-pumped blogger or expert who can become the face of the project and everywhere promote the brand to the masses, broadcasting the values of the brand. As a rule, the level of payment for an ambassadore is from $10,000 + all sorts of perks from the project in the form of tokens, WL and other things.

4. networkers (Influencer Hunters) - knowledge of the market, ability to identify promising bloggers, communication experience and established connections allow such active players of the crypto market to receive their agency fees. Up to 10% of the transaction, which in monthly terms can be calculated as $2000-5000 depending on the load.

5. content producers - these are grown up copywriters, content makers, bloggers who have moved into the management section and are responsible for creating quality content for the project. This is where income can be measured in the $2,000-$4,000 range.

If you are expert, quickly learn new things, are ready to immerse yourself in technology and are actively engaged in networking and creating a personal portfolio, then such figures are not out of the realm of the unattainable, reaching this level of income is possible in the market for 1-3 years.

If you are expert, quickly learn new things, are ready to immerse yourself in technology and are actively engaged in networking and creating a personal portfolio, then such figures are not out of the realm of the unattainable, reaching this level

How to become successful in the crypto market

The cryptocurrency market is like a vast ocean. Every bullish spurt in the market is perceived positively. Traders prophesise non-stop growth and the end of the cryptowinter. The question of who determines where the rate of a crypto asset will move and what will be the maximum price is very relevant for traders and investors. Who determines the price of a сoin? The ratio of supply and demand? Exchange? Traders or invisible whales in the market?

Often special teams of traders or market makers are involved to manage the token rate, ensure its stability, control the liquidity level and protect it from possible pump&amp;dump schemes.

Market makers (literally "market makers") are projects specialising in managing token rates and ensuring smooth trading on centralised exchanges. These companies work under contract with exchanges. The importance of market makers cannot be questioned, as they provide liquidity so necessary for all traders. 

As a rule, these companies do not advertise their opportunities and promote themselves in the specialised cryptocurrency environment. Some market leaders among market makers are <a href="https://www.cls.global/team">CLS Global,</a> <a href="https://gotbit.io/">Gotbit</a>, <a href="https://www.gsr.io/">GSR</a>.

These companies work with exchanges of different levels: <a href="http://gate.io/">Gate.io</a>, <a href="http://coinsbit.io/">Coinsbit</a>, <a href="http://crypto.com/">Crypto.com</a>, <a href="http://binance.com/">Binance</a>, <a href="https://www.bybit.com/">Bybit</a>, <a href="https://www.huobi.com/">Huobi</a> and decentralised exchanges such as 1inch, Uniswap. The professionalism of the teams allows market makers to manage the dynamics of the exchange rate of a particular token within a given strategy. If you think that a token exists on the market by itself, it's long past. It is a necessary factor for the growth and development of the project.

Market makers (literally "market makers") are projects specialising in managing token rates and ensuring smooth trading on centralised exchanges. 

Is the cryptocurrency exchange rate free: who are the market makers

Bitcoin NFT technology, and especially the BRC-20 standard, is definitely generating interest and is likely to become the number one topic in the cryptocurrency markets.

The improvement of Bitcoin NFT market infrastructure creates the basis for the growth of the ecosystem. So Bitcoin NFT registration activity continues to grow, and the launch of new BTC-specific trading platforms could lay the groundwork for the next cycle of hype. The infrastructure to facilitate NFT trading on Bitcoin is taking shape, and this is happening alongside the creation of wallets and marketplaces that support the Ordinals solution.

NFT marketplaces <a href="https://gamma.io/">Gamma</a> and <a href="https://cointelegraph.com/news/magic-eden-launches-marketplace-for-bitcoin-ordinals">Magic Eden</a> have added support for Bitcoin NFT.

Let's understand what Ordinals is - it's a numbering scheme for satoshis on the Bitcoin network that allows you to track and transfer them. All satoshis receive their numbers according to the order in which they appear and move from transactional inputs to outputs.

Using Ordinals' ability to identify and tag individual satoshis, the protocol gives users the ability to attach satoshis to a digital file and transfer it to the Bitcoin blockchain. The solution was found because of the Taproot update activated in 2021. 

The update removed the restriction on adding arbitrary data using Bitcoin's transaction codes (the amount of data is limited solely by the block size). 

In the current implementation of NFT on various blockchains that support smart contracts, the file and the NFT are stored in two different locations. The file can be hosted on a cloud-based minting tool such as OpenSea or on an open file system such as IPFS. Regardless of where the file is stored, a reference to the path to the file can be added to the NFT.

If the cloud storage service deletes the image, crashes, or the file becomes corrupted, the file path will be compromised and the NFT will no longer be able to reference the relevant file. The NFT is a hashed link in the blockchain that leads to a file stored elsewhere. This is exactly where Ordinals differ. Ordinals store text, images, SCG or HTML on the main chain, and can be authorised via a transaction; they can also be bought, stored or gifted. Information added to the blockchain via Ordinals cannot exceed 4 megabytes. That said, they are not links to an image, a pdf of a Bitcoin white paper, or a video. They are direct files - whether a whitepaper or a video - that are an integral part of the Bitcoin blockchain, which means full Bitcoin nodes are obligated to preserve them.

Dune's dashboard shows that Ordinals registration activity remains high, with nearly 580,000 NFTs registered in less than three months.

While daily Ordinals registration activity is high, the trading volume of such NFTs remains low, primarily due to the lack of Bitcoin wallets and supporting marketplaces (Magic Eden and NFT Gamma are exceptions).

Ordinals require a specially designed Bitcoin wallet that recognises content files in distinguishable satoshis, the smallest unit of Bitcoin, and facilitates their transfer. Hiro and Xverse are leading wallet providers in this space and have added support for Bitcoin NFT.

Overall, the Bitcoin blockchain-based NFT phenomenon opens up a new class of NFT assets for us and sets a precedent for their value growth, showing that vectors for technology development within the Bitcoin ecosystem still exist.

Overall, the Bitcoin blockchain-based NFT phenomenon opens up a new class of NFT assets for us and sets a precedent for their value growth, showing that vectors for technology development within the Bitcoin ecosystem still exist.

What are the Bitcoin NFT Ordinals of the BRC-20 standard

NFTs as a class of cryptoassets, despite the waves of hype and local recessions, occupy a significant place in the system of financial relationships in the cryptocurrency market.

The original paradigm of non-fungible tokens created to confirm the right to a digital object undergoes changes and gives rise to a new type of NFTs, so-called dNFTs or dynamically changeable NFTs. Tokens that were originally created unique have been given the flexibility to change according to the needs of the external environment. What this means.

In dynamic NFTs, changes in metadata that are triggered by a smart contract became available. A simple instruction that sets the criteria for NFTs to change based on external conditions. Initially, NFTs are minted based on certain conditions that may manifest themselves during user interaction. This applies to game NFT characters and generative art collections, where identical NFTs that have differences in a number of traits depending on the frequency of acquisition and the degree to which they are combined with other NFTs can reveal new characteristics.

All this leads to value-adding in dNFTs and allows, along with proving the originality and provenance of an image, to increase its value.

Imagine that as the owner of an NFT avatar you can gain additional attributes by using or buying premium products from a particular manufacturer, such as Nike. NFTs are a story about affluence and your income level and using dynamic NFTs allows you to get extra incentive to adopt them.

<a href="https://chain.link/education-hub/what-is-dynamic-nft">dNFTs are supported by Chainlink</a> and a number of projects have already been launched where a dNFT can be programmed to change or transform depending on the user's actions or inactions, to change automatically depending on external events or conditions, or it can unlock new traits. For example, if an NFT is activated either by an online game or a score during a sports match or an NFT can be encoded with special VIP privileges, e.g. at concerts or sporting events.

The creation of a dNFT allows the metadata associated with a particular NFT to be influenced. These capabilities not only apply to art, games and utilitarian NFTs, but can also be actively used for more complex projects involving dynamic changes and degrees of rarity of digital objects.

The original paradigm of non-fungible tokens created to confirm the right to a digital object undergoes changes and gives rise to a new type of NFTs, so-called dNFTs or dynamically changeable NFTs. 

Top News

How to become successful in the crypto market

How to become successful in the crypto market

Is the cryptocurrency exchange rate free: who are the market makers

Is the cryptocurrency exchange rate free: who are the market makers

What are the Bitcoin NFT Ordinals of the BRC-20 standard

What are the Bitcoin NFT Ordinals of the BRC-20 standard

dNFT a new asset class among non-fungible tokens

dNFT a new asset class among non-fungible tokens

All news

Cross-chain solutions in blockchain

Decentralised metaverses development in Web 3.0

What is NFT Staking?

The uniqueness of Soul Bound Token (SBT) technology