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Showing posts with the label cryptocurrency

Virtual Reality and Blockchain Tech Convergence: Feeding My CryptoKitty a Treat in a Virtual Decentraland Metaverse

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Image Source Virtual reality continues to be a hot topic in the world of tech as more startups are formed and new technologies see the early days of VR integration. Those of us operating on a day-to-day basis in the cryptocurrency community understand the power of blockchain tech while exhibiting an explosion of startups leveraging VR to raise capital via initial coin offering. However, nothing quite measures up to the uniquely creative virtual platform that  Decentraland  has become along with other innovative projects like CryptoKitties. Digital objects now gain an identity  through blockchain and  other technologies integrating with virtual reality  will allow for a  deeper immersive experience.  One example of a technology which will be able to integrate with VR are projects utilizing the Non-fungible Token (NFT) standard, ERC-721, which is turning out to be quite an interesting development. CryptoKitties  is an example of a Non-fungibl...

Binance Does It Again: Passes Deutsche Bank Quarterly Profits, Continues Leading With Token-based Exchange Model

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I am the author of this article and the original piece of content can be found here on my Medium blog . At the end of last year, I wrote an article entitled  Binance Exchange: Fueling a Hot New Era of Token-based Exchange Models? ,  diving into the  innovative token-based exchange model  Binance  brought to the competitive table.  Unarguably, their business model along with being at the right place and time  has catapulted them to being the top cryptocurrency exchange in the world  —  7-months after starting the business. This is  unheard of in the world of business . A startup becoming the all hailed unicorn within MONTHS.  Unicorn = billion dollar valuation . I don’t know what Binance’s valuation is or if we can even value the organization from a traditional valuation standpoint; however,  their 24-hour volume as I type this is $3.9 billion . They  charge a 0.10% trading fee  — we’ll do the math further down. This comes ...