The video game industry has traditionally relied on a model where players invest time and money into games, often competing for in-game rewards or social recognition. While engaging, this structure offers limited financial opportunities for players. Play-to-Earn (P2E) gaming presents a paradigm shift, introducing mechanics that allow players to earn cryptocurrency or NFTs (non-fungible tokens)…
Introduction The unbanked are individuals who lack traditional bank accounts, often residing in remote areas, earning low incomes, or lacking the necessary documentation for account opening. This predicament makes it challenging for them to save money, establish credit, or avoid predatory lending practices. DeFi, with its accessibility and transparency, holds promise for achieving financial inclusion….
Real world assets (RWAs) are physical or traditional assets like real estate, commodities, debt instruments, and various financial contracts that are being tokenized on blockchains. Tokens representing ownership related to RWAs are bringing new liquidity and accessibility to previously illiquid markets. What Are Real World Assets? Real world assets are assets that have tangible value…
Introduction Smart contracts, the backbone of blockchain technology, are programmable contracts that execute automatically when predefined conditions are met, eliminating the need for intermediaries. However, their functionality is not limited to the blockchain alone; oracles serve as bridges between smart contracts and real-world data, enabling them to interact with external sources. Essentially, oracles unlock the…
Smart contracts are self-executing lines of code that facilitate automated digital agreements and transactions between parties. While early smart contract development focused on applications in crypto-native spaces like decentralized finance, innovators are discovering countless use cases in mainstream business and governance. In this article, we examine how smart contracts are already being deployed by companies…
Decentralization refers to the transfer of control and decision-making from centralized authorities to distributed entities. While decentralization offers noteworthy benefits, its implementation surfaces many nuances and grey areas regarding optimal structures. Proponents of decentralization often fault centralized models for their bottlenecks, lauding decentralization holy grail for distributing wealth and enabling equality. However, like existing traditional…
Blockchain technology and cryptocurrencies are laying the foundations for potential major shifts in how economies function through increased decentralization. By distributing control from concentrated intermediaries to broader peer-to-peer networks, economic processes from finance to corporations could transform. While the idea of a fully decentralized fully is highly hypothetical and may seem like something from a…
