explainer / 64 posts found
Beyond Ordinals: Discover the Rich Tapestry of the Bitcoin Ecosystem
Since the launch of the Ordinals protocol by software engineer Casey Rodarmar on January 21, 2023, almost 2,000,000 “digital artifacts” have been created — ranging from memes to massive NFT projects like Taproot Wizards. But despite the explosive rise and frenzied media coverage of these seemingly new “Bitcoin NFTs,” developers have been focused on improving the protocol’s functionality since at least as early as 2012. In short, there have always been ways to mint and launch assets on Bitcoin’s underlying blockchain. These tools began with things like Bitcoin Colored Coins and, later, platforms like Counterparty in 2014, which helped lay the […]
Beanz NFTS: The Ultimate Guide to Azuki’s Trusty Companions
If value was a competition in the NFT world, Azuki’s Beanz would be the perennial winners. While the collection isn’t necessarily the least expensive on the market, it acts as a more affordable entry into the popular Azuki community, offering owners a way to enjoy the project’s premium features at a fraction of the cost. In addition to a holders-only Discord channel in the Azuki server, Beanz holders get access to exclusive merchandise, collectible drops, and utilities within the Azuki metaverse. For many of these reasons, and despite being a relatively new collection, the Beanz Project has become one of […]
Blending Worlds: Is the Future Really Phygital?
The prevalence of the word “phygital” has steadily been on the rise in recent years, with interest growing by more than 57 percent in the past year alone, according to MeetGlimpse. And the trend shows no signs of slowing down. Consumers in this day and age expect to shop and interact with brands in a way that’s quick and secure. By blending physical items with digital assets for seamless omnichannel interactions, businesses and investment enthusiasts can meet these demands and bring convenience to the modern world. Phygital isn’t just a buzzword. In a world that is becoming increasingly digital, and […]
An NFT Every Day: A Guide to the Nouns NFT Project, DAO, and Ecosystem
If you’ve been around the NFT space, you’ve likely seen Nouns’ playful pixel art images featuring signature bright colors and simple blocky designs. As time goes on, you’ll definitely see these unique characters more and more frequently. Unlike most NFT projects that have a set number of supply before mint, Nouns is an infinite work of art. One Noun NFT is generated every single day “forever.” As a community-driven brand, Nouns aims to use its open-source IP to empower holders to fund their most ambitious dreams and business ideas with their NFTs as the face of the projects. Nouns are already […]
Renga NFTs: A Guide to the Collaborative Storytelling PFP Collection
Renga is an NFT project as enigmatic as the “black box” NFTs that started it all off. Since launching in June 2022, the project has done more than 40,000 ETH in volume and has a current floor price of 1.1799 ETH. Despite the lack of a roadmap, little in the way of traditional NFT utility, and a mostly-private artist and founder, the project has maintained a healthy community sentiment, buoyed primarily by what some people call the best PFP art in all of Web3. But what is Renga, and how has it found its success? What is Renga? Renga is […]
A Guide to Photography NFTs and the Future of Imagery
Never before has society been so visually saturated. Trillions of photos are taken every year, and the popularity of social media and the prevalence of image-based marketing are simply a given at this point. Clearly, image is everything. But, this proliferation of images and the infrastructure surrounding their consumption hasn’t always been for the better. At times, social media has been a particularly fertile ground for the outright plagiarism of professional photographers’ work. In October 2017, photographer Cath Simard shared a picture of a Hawaiian road on her Instagram account. It immediately went viral and was shared across several platforms […]
OnChainMonkey: Meet One of the First 10k PFP Projects on Bitcoin
OnChainMonkey (OCM) has emerged as a historic staple of the NFT community that’s proven time and time again to be well ahead of the curve. The project is well-known for uploading its entire 10,000 NFT collection to Ethereum in a single transaction. And with the new Ordinals protocol, OCM became one of the first 10,000 PFP projects on Bitcoin. While OnChainMonkey has made its mark in Web3, its parent company Metagood is perhaps less well-known. With a mission to empower communities and be catalysts for positive collective action, Metagood has spearheaded a number of impactful initiatives and is one of […]
NFT Resources: The Best Blogs, Podcasts, Spaces, and More
Let’s be real: the NFT space can be tough to crack. Making the jump from Web2 to Web3 can be seriously disorienting; First, there’s wrapping your head around NFTs as a technology and working through the “Why can’t I just screenshot it?” phase. And if that’s where you’re at, don’t feel embarrassed. Even experienced NFT enthusiasts can struggle to keep up with the ever-evolving landscape. The blockchain is still very much a new technology, and a lot of the rhetoric you see floating around the Web3 world is that anyone actively involved in it is “still early,” and that’s absolutely […]
Wolf Game NFTs: A Guide to Gameplay, Wool, and More
The world of blockchain gaming can be confusing. For every smash-hit success, there’s an equally unfortunate story of the disastrous ruin or slow demise of a play-to-earn (P2E) game (see Axie Infinity’s rise and fall). But if done right, gaming in Web3 can be a potent gateway to onboarding billions to the blockchain. And, though a bonafide AAA blockchain title has yet to hit the scene, skeptics shouldn’t discount the progress and innovations being made in the crypto-native sphere. Wolf Game is just one such success story. One of the most compelling and popular entries to the blockchain gaming space, […]
What Is Proof-of-Stake? Sustainable Blockchain Explained
Proof-of-stake is a mechanism for achieving consensus on a blockchain. Blockchain is a technology that records transactions that can’t be deleted or altered. It’s a decentralized database, or ledger, that is under no one person or organization’s control. Since no one controls the database, consensus mechanisms, such as proof-of-stake, are needed to coordinate the operation of blockchain-based systems. While Bitcoin popularized the technology, blockchain is now a part of many different systems, enabling interesting applications such as decentralized finance platforms and non-fungible tokens, or NFTs. The first widely commercialized blockchain consensus mechanism was proof-of-work, which enables users to reach consensus […]