All wallets can be drained. If you sign a transaction from a scam website without understanding what it is you are signing. you could be drained (cold wallet also Ledger etc). If you get malware on your PC & if you store your seed phrases in any of your devices, you most probably will get drained. This is the risk of self custody. if you are interacting with sites to mint or for the first time always use a burner. If you use #DeFi, use a separate wallet for those things. Keep your main stash in a cold wallet and only interact to transfer to any hot wallets to sell/defi/mint. Being very vigilant and careful is of utmost importance when it comes to web3 & even web2 transactions.
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A NFT can be defined as a non fungible token or an irreversible digital token.
Assets like diamonds, land, or baseball cards are not fungible because each unit has unique qualities that add or subtract value.
For instance, diamonds; because individual diamonds have different cuts, colors, sizes, and grades, they are not interchangeable, so they cannot be referred to as fungible goods but images, collectibles etc, that are registered on the blockchain with unique identifications, can never be a
The recent rise in #TON gamified crypto projects on Telegram is filled with mixed reactions from the crypto communities/enthusiasts and here are some of the reasons :
4. Constant milking/siphoning of funds from the community members and participants.
5. Lack of transparency.
So, recently #Memefi mini app on Telegram has been on these trajectories and has postponed their TGE/Listing till the 22nd of November..making it the third time of poatment.
Normally, airdrops are given when certain tasks are done mostly without the huge demand for on-chain transactions... Just as #Memefi and a large number of them have done via the Telegram ecosystem.
Make sure you always do your due diligence before investing in any venture/project.
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All wallets can be drained. If you sign a transaction from a scam website without understanding what it is you are signing. you could be drained (cold wallet also Ledger etc). If you get malware on your PC & if you store your seed phrases in any of your devices, you most probably will get drained. This is the risk of self custody. if you are interacting with sites to mint or for the first time always use a burner. If you use #DeFi, use a separate wallet for those things. Keep your main stash in a cold wallet and only interact to transfer to any hot wallets to sell/defi/mint. Being very vigilant and careful is of utmost importance when it comes to web3 & even web2 transactions.
Hoping you'll find this useful and if you do, hit the FOLLOW & LIKE buttons, drop your comments too.
Excited to explore the potential of #ETFs! The advantages of diversification and professional management are huge 🌟However, it's important to consider the potential disadvantages, such as expense ratios and tax implications. It's always advisable for you to ALWAYS do your own research before venturing into any form of investment or trade; as well as crypto. They are have their positives and negatives because of its volatile nature.
Have a great day ahead and keep your head. Dont forget to follow me, like and share...drop your comments/opinions too. 🥂
The recent pump and bullish run has been a major catalyst to the downward/bearish trend of most #bluechip NFT projects. As a matter of fact,, this is quite normal because lots of investors are taking profit. It doesn't mean that these projects will not recover and retrace... At least, a few of them will. My advice is to always do your dillence before jumping into any #NFT project; they're lots factors to consider before you hop in. You can get some tips from my previous posts here and I would recommend that. Here's something you would always consider: OG and well established blue-chip projects are my best take for now or you better still, a FREE mint. 😊 Don't be afraid or too intimidated to always take some profits whenever you need it... Nothing is 💯% guaranteed. Alright everyone, do have a wonderful day and don't forget to drop your comments here, hit that FOLLOW button and drop those LIKES. Thank you all. 🫶🥂💰
Europe’s largest asset manager Amundi is moving assets out of US into China, attracted by China’s brighter economic prospects, better valuations and low inflation.
They’re also investing in India & Indonesia becauseof their great and stable economic growth potentials.
And a matter of fact, these three emerging world economies are known for their open policies on digital assets and other Assets; this is part of the reason why most investors have chosen to move their businesses over there coupled with the minimal cost of production.
There's also projected 5-6% growth that has been forecasted in the coming years in China.
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3. Conducive environnement for creators, builders and collector.
4. Scalability and ease of transaction.
5. Fast integration with Web2 communities.
These are the very vital reasons and many more that I consider as my drive towards #SolanaNFTs . Kindly share yours with me below and follow my channel for more informative updates. Thanks in advance and enjoy your weekend. 🫶🥂.
Hi everyone. It'sbeen a while since I last updated you all here...due to some IRL issues that needed to be sorted out and I am glad to be back.
Well today, we will be looking at the recent happenings as regards the crypto industries and structures.
The on-going legal fight BTW the politicized SEC and the various crypto exchanges has greatly affected the crypto market movements especially, the #Solana and #Binance markets buy at the same time, it has proven how the industry trends could be positively/negatively impacted.
They have been some positive actions by well meaning individuals, government officials, creators and builders, who have taken this opportunity to address the situation & make sure that some unbiased regulations are put in place to guarantee the security, growth and sustainance of the #BlockchainTechnology .
The rapid growth and success of some Cryptocurrencies tends to be interrelated to the inclusiveness of their Tokens/Coins to the NFT space. Most of the major Cryptocurrencies like #ETH , #SOL & recently #BRC20 , this has lead to the surge in the integration with web2 communities & increased their potentials. Most blue-chip #NFTProjects that have succeeded, did so with their proper integration of their utilities with the web2 communities. The introduction of #AIs has also been of tremendous help in the areas of BOT creation to assist in the development of these projects. Web2 connects people while Web3 monitizes those data in decentralized sectors in other to benefit individuals & creators. The gaming industry is a very good example of the future of Web3... e.g #P2E.
After carefully analyzing the BRC20 Tokens and its factors surrounding it, I decided to put together the problems that stands to hinder its growth and sustainability. As a matter of fact, most of the BRC20 Tokens are meme coins and it hit 1 Billion dollars market capital surprisingly due to its hype.
Below are the problems:👇
1. High Cost.
Due to the stacked nature of the user interfaces being built, most transactions require the gas token for the exchange or BTC to pay the minting app, and a second payment in BTC for the network fees.
2. Network Pollution.
There are so many unconfirmed transactions/backlogs in the blockchain & this has lead to the network taking longer time for a transaction to be confirmed... 390K unconfirmed transactions.
These are the 5 reasons why I am very bullish on #Solana. 👇
1. Mass adoption through NFT projects.
2. Easy access to its facilities and features.
3. Affordability in terms of transaction fees.
4. High market cap.
5. Fast integration with Web3/Web2 spheres.
I still believe there's room for growth in terms of their outreach and pricing. Although, accumulating #Sol or its products should be based entirely on personal research and due diligence.
Comment below and let me know your thoughts. Are you bullish or bearish on #solana ?
Don't forget to follow me for more insight on Cryptocurrency, NFTs and the web3 in general. 🫶