Blockchain Blog

While you may not be an artist or creator, this article will help you understand how people are creating NFTs that are selling. At its core, the blockchain is a distributed public ledger and a ledger is a fancy way of describing a database of transaction and/or item records. Banks have a private ledger of account balances, and if you’ve used a Visa or Mastercard, you’ve used a distributed private ledger. For access to Visa’s ledger using debit and credit cards, they charge businesses a ‘merchant fee’. The main difference between distributed private ledgers and distributed public ledgers like the...

‘Decentralized’ means nothing to regulators  US policymakers sent signals in the final months of 2021 that greater oversight of the emerging asset class is imminent.  Cryptocurrency is too broad to fit under one organization’s umbrella, Fasanello said. Regulators must look at crypto as a security, commodity, disruptive technology and currency, while also considering consumer protection, anti-money laundering and anti-terrorism efforts.  I think we’ll see the US Treasury and also potentially state level organizations and regulators in the US start to dive deeper and deeper into this space and take a closer look at it, it is going to be a...

Minting is the computer process of creating a new NFT in the blockchain. Users especially mint NFTs of new and upcoming projects. When they mint NFTs, they become the first owner of the digital asset. The new project releases its NFTs for the first time for the public. In most scenarios, participants in the minting process do not choose the digital art they are buying. Every digital asset has the same price. Normally, the cost of NFTs is lower during the minting process, than during the normal sales period. Mostly, NFT companies use minting as an opportunity to raise initial...