Altcoin News
Altcoin News

What is SocialFi? A beginner’s guide to the social network of the future

What is SocialFi? SocialFi brings together the principles of social media and decentralized finance (DeFi). SocialFi platforms offer a Web3 (decentralized) approach to creating, managing and owning social media platforms and the content generated by its participants.  At the heart of SocialFi, applications are content creators, influencers and participants who want better control of their […]

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A beginner’s guide to the GameFi ecosystem

What is GameFi? The gaming industry is tapping into the power of Web3 and brings together gaming and finance under what is now coined as GameFi. GameFi is a system where gamers and creators can accrue value in cryptocurrencies and nonfungible tokens (NFTs) for themselves through gameplay. These games are often hosted within virtual spaces […]

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Augmented reality vs. virtual reality: Key differences

What is augmented reality? Augmented reality (AR) is a technology that enriches the user’s perception and provides a live view of the real world with digital information, aiming to expand it by adding images, sound, video and other virtual details.  The purpose of AR is to augment the environment and let virtual elements interact with […]

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What is STEPN (GMT)? A beginner’s guide on the Web3 lifestyle app

STEPN (GMT) explained: Why is it trending? The first move-to-earn mobile nonfungible token (NFT) game powered by the Solana blockchain is called STEPN. With STEPN, users may earn tokens by walking, jogging or running outdoors with an NFT sneaker. STEPN aspires to motivate millions of people to adopt better lifestyles by bringing them into the […]

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Sorare: A beginner’s guide to the crypto-based fantasy football game

What is Sorare?  Sorare is an online fantasy soccer game with a cryptocurrency twist. Players use nonfungible tokens (NFTs) to purchase, own and resell collectible digital cards. As with traditional fantasy soccer, players build their lineup every week. Points are awarded in-game based on professional soccer stars’ on-the-pitch stats. The weekly goal is to beat […]

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Volcan Forged: A beginner’s guide to the community-based blockchain gaming ecosystem

What is Vulcan Forged (PYR)? Blockchain gaming is once again on the rise due to cryptocurrency’s newest reward system, called play-to-earn (P2E). By merging nonfungible tokens (NFTs) and metaverse projects like The Sandbox, blockchain gaming has opened the way for consumers to earn crypto while playing. Vulcan Forged is a blockchain-based play-to-earn crypto game created […]

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How to play the Illuvium (ILV) game?: A beginner’s guide

What is Illuvium? Cryptography-based blockchain games aren’t anything new as so many are available, like Crypto Kitties and The Sandbox (SAND). However, no game on the Ethereum blockchain claims to be an AAA title game. AAA (pronounced “triple-A”) is a categorization term in the video game industry for high-quality titles with the highest development costs […]

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Microsoft metaverse vs. Facebook metaverse: What’s the difference?

Metaverse explained The metaverse is a virtual world that incorporates various technologies, including virtual reality (VR), artificial intelligence (AI), augmented reality (AR) and cryptocurrencies, to allow users to dive into (through VR) an imaginative or bring an immersive experience into their world (via AR). There are already many metaverses, such as those found in virtual […]

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The Polkadot architecture and introduction to the Substrate infrastructure

What is a parachain?  Parachains are custom, project-specific blockchains linked to the Polkadot (DOT) and Kusama (KSM) networks. Users can utilize them for various purposes, including connecting to the primary blockchain—the relay chain, regarded as the core of the Polkadot and Kusama networks. Why? Without the relay chain, cross-chain blockchains cannot transfer assets from one […]

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Proof-of-authority vs. proof-of-stake: Key differences explained

What is proof-of-authority (PoA)? One of the most revolutionary technologies in recent years is blockchain. Blockchain, which first emerged as a decentralized public ledger for the Bitcoin (BTC) cryptocurrency, is now extensively used to promote corporate federation and integration.  Blockchain essentially consists of a linked data structure replicated through a peer-to-peer (P2P) network where new […]

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