Author: Stanley U.

Whether we want to accept it or not, the way things are done cannot remain the same forever. There have been drastic changes in many industries and sectors especially following the introduction of the internet. With the blockchain technology, a lot seem to be happening and everybody is trying so hard to get their foot in the door. From the sales of crypto coins, NFTs are rising to become another sub-economy on the blockchain. Most recently, Metaverse is becoming something that should be given a second look. Even within these spaces and sub-spaces, things seem to be happening spontaneously. With…

The world and its economy is gradually shifting from the traditional, physical and institutional structure to a more inclusive virtual space where everyone can be involved without undue restrictions and bureaucratic processes. The internet, for one, is doing a great job in connecting people and businesses. This has helped in reducing the risks associated with long distance travels. While this was seen as a win, the problems of data safety, privacy and control have long risen because of the centralized nature of the internet. With the blockchain, some of these problems have been addressed. The blockchain can be seen as…

The blockchain, as we have come to know it, came up in response to the challenges being posed by the centralized nature of the internet. The internet itself is a system of centralized networks with  servers in the hands of a few tech giants. These giants can shut down the internet just as quickly as one can turn off a switch either for financial or political reasons. On the other hand, the blockchain can best be described as a system of distributed ledgers which allows people to see transactions and activities going on in real-time. By its nature, it is…

There’s no industry or sector that has not been imparted by the internet. The sectors which seemed ‘immune’ to the internet found themselves yielding to the blockchain. The internet has presented a great deal of opportunity to lots of people to scale up their businesses and enterprises. And the blockchain has done even more. As the rates of activities on the internet are increasing, the need for privacy and confidentiality became more glaring and pronounced. The blockchain technology seems to be a panacea for this concern. With its decentralized nature, the blockchain offers transparency, immutability, community ownership and governance. Many…

Since the dawn of the 21st century, there has been a paradigm shift in everything. The internet came with its euphoria, displacing many things. Activities that took one or two weeks to be completed is now a click away. Buying and selling has taken a different shape entirely. Communication, education, data and information storage are not all left out. And yes, people are cashing out big time on the internet. More recently, the blockchain is getting a buzz. The blockchain is more like an open distributed ledger which allows people to carry out transactions and these transactions are seen by…

It will not be out of place to say that anyone who has a phone and access to the internet must have seen or heard about the blockchain and cryptocurrency. In fact, Bitcoin and Ethereum became household words in some locations around the globe. However, besides coins, there are many other things that can be traded across the blockchain. In fact, Non-fungible Tokens (NFTs) are gaining ground in the blockchain space. NFTs became very popular in 2021 during which period, Beeple was sold for $69 million dollars. To be clear, these tokens are called ‘non-fungible’ because they are not directly…

Every single day offers us a chance to learn something new, do things better and faster as well as increase our earnings. The internet and the blockchain technology has opened an endless sea of opportunities to people. Apart from holding coins and tokens, and the basic buying and selling, people can also hold other digital assets and pieces of artwork on the blockchain. These pieces of art are generally classified as Non Fungible Tokens, NFTs for short. When people were thinking that Bitcoin and Ethereum have actually come to displace Fiat currency, NFTs are now rearing their heads up as…