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Minor Fall – Major Lift: Bored Ape Yacht Club’s Value Dip Sparks Interest in Ethereum’s CryptoPunks & DogeMiyagi’s NFTs

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2021 saw an immense surge in interest of Non-Fungible Tokens due to revolutionary concepts across digital media, arts, and gaming. Amongst this was the collection of Bored Ape Yacht Club’s NFTs, from the well-known Ethereum-based token, ApeCoin. Recent events have put BAYC NFTs in the spotlight as its value experienced a notable dip. The ripple effect has prompted discussions among NFT enthusiasts and investors, seeking an alternative NFT Investment.

Ethereum’s prominent NFT collection ‘CryptoPunks’ and the upcoming collection by DogeMiyagi (MIYAGI) have emerged as attractive options, each offering distinctive merits and potential for huge returns.

The Fall Of The BAYC NFTs Wall

The Bored Ape Yacht Club NFT, renowned for its iconic sought-out digital assets experienced a meteoric rise in the years 2021 & 2022 making it a symbol for mainstream audiences and the Web3 movement. However, there has been a significant decline in recent days causing ripples in the NFT landscape. The dip coincides with broader market dynamics and shifting landscapes in the NFT ecosystem. This has affected the ApeCoin price, causing it to plummet to an all-time low of $1.77, from its peak of $26.70 in the previous month.

As a result, both collectors and investors are closely monitoring the developments and seeking insights into what caused the decline, while looking for alternative options in the NFT market.

Exploring New Horizons With The Ageless Allure Of CryptoPunks

Stored on Ethereum Blockchain technology, CryptoPunks NFTs are one of the earliest and most notable collections of Non Fungible Tokens. Inspired by the ERC-721 standard that powers most digital art concepts and collectibles, 10,000 unique characters are stored on the ETH Blockchain. This ensures ownership of each NFT within the collection. Furthermore, the popularity of Ethereum’s blockchain technology has paved the way for various applications from DeFi to gaming to thrive in the NFT ecosystem.

CryptoPunks presents itself as an opportunity for investors with a collection that has withstood the test of time and has huge potential for future value appreciation.

Embrace The Future With DogeMiyagi’s Fusion Of Cultures

Diving into an immersive experience of martial arts, enticing freebies, nostalgic childhood recollections, and an upbeat atmosphere, the DogeMiyagi NFT collection presents itself as an opportunity for NFT enthusiasts to become a part of a unique ecosystem. The fusion of martial arts wisdom with NFT culture adds a layer of engagement for investors.

Acquiring a DogeMiyagi NFT goes beyond simply owning an avatar, it opens the door to an exclusive realm of opportunities and grants you privileged access to an exclusive domain. For those seeking both exponential returns and an immersive experience as well, the DogeMiyagi NFT collection holds impeccable promise.

Navigating The NFT Landscape

ApeCoin’s recent dip due to a plummet in the Bored Ape Yacht Club has prompted a re-evaluation of NFT investment strategies. Ethereum’s CryptoPunks and the upcoming DogeMiyagi NFT collection have stepped up as alluring alternatives, each with its unique characteristics and merits.

Whether it’s the historical significance of CryptoPunks or the fusion of martial arts wisdom in DogeMiyagi’s collection, the NFT landscape continues to evolve. Secure a ticket to an immersive experience as DogeMiyagi (MIYAGI) stands as an appealing and distinct option in the NFT landscape.

 

DogeMiyagi (MIYAGI):

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

Cryptocurrency 10,000% — That’s Why Elonator Memecoin Has Been Tipped To Skyrocket in 2023 Above Cardano and Binance Coin

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Regarding cryptocurrency investment, staying ahead of the game is crucial, and finding the right one is no easy task. Today, we delve into the stories of three notable cryptocurrencies: Cardano (ADA), Binance Coin (BNB), and the rising star, Elonator (ETOR).

We’ll examine how recent developments have shaped their trajectories and why Elonator is emerging as a promising choice for cryptocurrency enthusiasts and investors alike.

Cardano Predictions As Holders Unstake $45 Million In 7 Days

Cardano (ADA), renowned for its innovative blockchain technology and commitment to smart contracts, faced an unexpected twist when ADA holders quickly unstaked $45 million worth of tokens in just seven days. This event has ignited discussions within the crypto community about the future, with Cardano predictions ranging from cautious optimism to speculative anxiety.

Following Greyscale’s victory over the SEC, Cardano staking experienced a substantial activity boost. Despite that, since the beginning of September, staked $ADA has dropped from 63.3% to 62.8% in staking activity, raising concerns and causing investors to consider staking alternatives such as Elonator (ETOR). This innovative meme coin presale is new to the market, and yet it’s already gathering a significant community around it. With Elonator’s flexible staking, investors can withdraw their staked tokens any time they wish, saving their investments from sudden volatility. Consider Elonator for your next cryptocurrency investment.

Will BNB Price Suffer Due To Diminshed Netwoork Activity?

Binance Coin (BNB) has been experiencing a prolonged period of sideways price action. Additionally, concerns have emerged regarding declining network activity, as evidenced by inconsistent trading volumes and lackluster demand, reflected in the Relative Strength Index (RSI). This has caused the BNB price to struggle to break free from the $225 resistance level and raised concerns about the limitations of BNB and what lessons Elonator could learn from it.

<<Click Here To Claim Your Elonator Presale Tokens>>

Similar to how BNB serves as the central token for the Binance exchange, Elonator’s $ETOR is the central token for a diverse and expansive ecosystem. Elonator’s ecosystem boasts a range of tools, including a Swap Machine for trading, a Charting Tool for market analysis, a Token Tracker for rewards monitoring, and an Incentive Fund for community growth. In addition to powering all of these tools, $ETOR will also enable decentralized governance through voting after it is implemented into the platform. $ETOR holders will be able to vote using their tokens, with each token equalling one vote to reward and empower the community’s most dedicated and invested members.

This diverse ecosystem offers utility-oriented solutions to common market problems, setting Elonator apart from the competition. In contrast, Binance Coin’s lack of recent development activity could potentially hinder its ability to adapt to market trends and challenges.

Elonator: The Token with High Potential

Elonator’s emergence as a token with high potential isn’t just a result of market hype. It’s grounded in its community-focused approach and commitment to transparency and decentralization. The team’s dedication is evident through token locking; identity reveal promises, and plans for decentralized governance. These elements create a sense of trust and assurance for investors who value community-driven projects.

As Elonator’s presale progresses through its levels, its unique position as a meme coin could work to its advantage. Meme coins have a history of showcasing record price climbs, drawing attention from investors seeking exponential returns. This blend of humor, innovation, and potential could set Elonator on a path to outperforming more established tokens like ADA and BNB, making it a compelling choice for those looking to diversify their cryptocurrency investment portfolio.

In a cryptocurrency landscape filled with uncertainty, Elonator stands out as a cryptocurrency investment that is guaranteed to produce a high ROI. With its flexible staking, robust ecosystem, and community-driven ethos, Elonator can compete against giants like Cardano and Binance Coin. Don’t miss out on the Elonator presale; invest quickly before the next price increase.

 

Come With Elonator If You Want To Invest!

Presale: https://buy.elonator.com/
Website: https://elonator.com

Telegram: https://t.me/ElonatorCoin

Twitter: https://twitter.com/ElonatorCoin

The Battle of Words in the Pre-Islamic Arabia: How It Impacted the Growth of Islam

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The early Arab poets had a great influence in the propagation of Islam. In the pre-Islamic (Jahiliyah) era and the early Islamic age, the spoken-word poet was a formidable warlord. Rather than go into warfare armed with ammunitions, the poet armed himself with satirical wits and wild sarcasms. Words were considered to be the nucleus of power, thus, the “Battle of words” was an integral part of the Pre-Islamic Arab Culture.

In the tribal society, when there was a dispute between any two tribes or clans, the feuding tribes would rendezvous in a common open field, each tribe presenting its most trusted poet who would rain lyrical invectives on the other tribe and praise the glory and strength of his own tribe. The tribal group which found itself without a response at the end of the lyrical battle was considered defeated and left in shame.

The advent of Islam led to the extinction of many of the Jahiliyan traditions. However, the Battle of words persisted as it was rationalized as a more subtle way of expressing Ideological supremacy among tribes.

According to historians, the Battle of words actually provided an enabling atmosphere for a new custom (Islam and sharia) to thrive. The new found religion and custom was championed by a prophet whose poetic and oratory brilliance was equalled by non in the whole of the arabian Peninsular and beyond.

Abdu Al-Masih, a christian historian and critic of mohammedanism, described the Prophet and founder of Islam as thus:

“Muhammed was a brilliant spokesman and gifted orator, always rebutting his enemies with ease in a breathtaking war of words. In keeping with the old tradition (Battle of words) Muhammed accepted the challenges of his enemies and vanquished them with stunning words and combats arrayed in captivating rythmical stanzas”.

Though no verse of the holy Quran or any part of the Islamic literature indicates the direct involvement of the holy prophet in a tribal squabble, it is believed that the entourage of the prophet which comprised former seasoned poets and poetry lovers always craved a reprisal attack on the offensive Pagan poets. Most of the time Muhammed would restrain his community as they ran a risk of going beyond the mark.

In an hadith (saying of the prophet) cited in Sahih Al-Bukhari (a collection of sayings of the prophet), it was reported that Al-Bara ibn Azib said on the day of Quraizas (beseige) the messanger of Allah eventually freed the muslim poets to show their mettle.

The Pagan Arabs had besieged the muslims community, unleashing their poets to rain invectives on the prophets and his followers. The embattled muslims wanted a reprisal. After much importunity from the muslim umah and initial reluctance of the holy prophet, Muhammed ordered Hassan Ibn Thabit, a renowned poet and favorite bard of the prophet, to lampoon the pagan poets that he would be inspired by the holy spirit.

It instructive to note however that Mohammed (PUB) was not a poet in the right sense of the word. His mastery of words and literary dexterity was divinely inspired rather than consciously learned. His wits were inspired to admonish people to the right path, not to launch offensives. However, the pagan Arabs were often put on the defensive due to Mohammed’s brilliance with words.

Prophets of God were gifted and lived according to their circumstances and socio-cultural environment. The Pre-Islamic society was a society of words. Mohammed needed the power of words to enable him to found the Islamic state from the Arabian world.

Canto to migrate into a ZK-powered Layer 2 on Ethereum

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Canto, a decentralized social media platform, has announced its plans to migrate into a ZK-powered Layer 2 on Ethereum. This move will enable Canto to scale its operations, reduce gas fees, and enhance user privacy. Canto is a platform that allows users to create, share, and monetize content in a censorship-resistant way. Canto aims to empower creators and communities with the tools and incentives to build a more open and diverse internet.

However, Canto has faced some challenges due to the limitations of the Ethereum mainnet, such as high transaction costs, low throughput, and exposure of user data. To overcome these issues, Canto has decided to leverage the power of zero-knowledge proofs (ZKPs) and Layer 2 solutions.

One of the main challenges that Canto faces is how to achieve high throughput and low latency without compromising on security and decentralization. To address this challenge, Canto is exploring the use of zero-knowledge proofs (ZKPs) as a way to enhance its layer 2 solution.

ZKPs are cryptographic techniques that allow one party to prove to another that a statement is true, without revealing any information beyond the validity of the statement. For example, Alice can prove to Bob that she knows the password to a website, without revealing the password itself. ZKPs have many applications in blockchain, such as privacy, identity, compliance and scalability.

Canto’s layer 2 solution is based on optimistic rollups, which are a type of off-chain computation that aggregates transactions into batches and periodically submits them to the main chain. Optimistic rollups rely on fraud proofs, which are mechanisms that allow anyone to challenge an invalid batch and revert it. However, fraud proofs have some drawbacks, such as requiring a long confirmation time, consuming a lot of gas and depending on honest validators.

By adopting ZKPs, Canto hopes to overcome these drawbacks and improve its layer 2 solution. ZKPs can enable a different type of rollup, called zk-rollup, which uses validity proofs instead of fraud proofs. Validity proofs are proofs that verify the correctness of each batch before submitting it to the main chain. This way, no one can submit an invalid batch, and no one needs to challenge it. ZK-rollups have several advantages over optimistic rollups, such as faster finality, lower gas costs and higher security.

Canto has chosen to migrate into a ZK-powered Layer 2 on Ethereum, which means that it will use a specific type of Layer 2 solution that relies on ZKPs for scalability and security. By doing so, Canto will be able to:

Increase its transaction speed and capacity by orders of magnitude.

Reduce its gas fees by up to 99%.

Enhance its user privacy by hiding their identities and activities.

Maintain its compatibility and interoperability with the Ethereum ecosystem.

Canto is currently working on integrating ZKPs into its layer 2 solution and plans to launch a testnet soon. Canto believes that ZKPs are the future of blockchain scalability and wants to be at the forefront of this innovation. By adopting ZKPs, Canto aims to provide its users with a fast, cheap and secure platform for building and running decentralized applications.

Canto believes that this migration will benefit its users and partners, as well as the broader crypto community. Canto hopes that by adopting a ZK-powered Layer 2 on Ethereum, it will set an example for other decentralized applications to follow suit and contribute to the development and adoption of this innovative technology.

Why Traditional Lending May Not Be the Best Option for Most Firms

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Two african young women sitting in a car while have road travel

We had a recent post about alternate funding options available to businesses. I looked through the comment section to see some comments about how banks and financial institutions complicate the lending process. Well, this piece today is to tell you that a traditional loan from a bank may not be the best option for your business (depending on what business you have and what stage you are in).

Traditional lending has long been the go-to option for businesses seeking financial support. Banks and credit unions have historically played a pivotal role in fueling economic growth by extending loans to businesses of all sizes. However, in today’s rapidly evolving financial landscape, this traditional lending has limitations and drawbacks.

Lengthy Approval Processes

One of the most significant drawbacks of traditional lending is the lengthy approval process. Applying for a business loan from a bank or credit union often involves mountains of paperwork, complex documentation requirements, and weeks or even months of waiting. If you are starting a small business and need quick capital infusion, this can be a deal-breaker.

In contrast, alternative financing options such as online lenders and crowdfunding platforms offer quicker approval times, allowing businesses to access funds when needed.

Stringent Credit Requirements

Banks typically have stringent credit requirements, making it difficult for businesses with less-than-perfect credit histories to secure loans. This can be particularly challenging for startups or small businesses still establishing credit profiles. Alternative lenders often use a broader range of criteria to evaluate your loan applicants, thus giving more businesses access to funding opportunities.

Collateral and Personal Guarantees

For many intending businesses or small business owners, this is the one reason to avoid traditional lending. Banks often require borrowers to put up collateral or personal guarantees to secure a loan. This can be a risky proposition for business owners who may have to risk their assets, such as their homes or savings, to obtain funding. Running a business involves some pressure, and having guarantors or collateral involved heightens the stake. Alternative funding options often provide unsecured loans or offer other forms of credit, eliminating the need for collateral and personal guarantees, which can be a more attractive option for many business owners.

Limited Flexibility

Traditional loans typically come with fixed terms and repayment schedules. It is not a pay-when-you-can or pay-when-you-make-a-profit arrangement. When it is time to pay, you must make the payment irrespective of whatever loss you may still be making. While this can provide predictability, it may not suit businesses with fluctuating cash flows or seasonal sales patterns. Alternative funding options often offer more flexibility in terms of repayment, allowing businesses to tailor loan terms to their unique needs.

Innovation and Technology

The world of finance is evolving rapidly, driven by technological advancements. Traditional banks are still lagging in adopting innovative technologies and digital lending platforms. This can result in a not-so-nice user experience for borrowers and slower processing times. Alternative lenders, on the other hand, often leverage cutting-edge technology to streamline the lending process, making it more efficient and convenient for businesses.

Limited Accessibility for Small Businesses

Large banks often prioritize larger businesses when it comes to lending. Small businesses may struggle to access the financing they need from traditional sources. If you doubt it, you can go to the bank for a loan to fund your small business and see how it goes. This can stifle innovation and growth in the small business sector. Many alternative lenders specialize in serving the needs of small businesses, providing them with greater access to funding opportunities.

Conclusion

Traditional lending options will save the day for some businesses, but not all. If you decide to go this route, do your analysis right and be sure that you are in the right kind of business to take it on. You should also be in the right stage of business to be sure that you will not run into uncertainties that would prevent you from repaying the loan. Also, do your calculations and ensure that you have a higher growth rate than the interest rate; otherwise, you might just be setting yourself up to fail.

If, however, you make all your considerations and decide that a bank loan is not for you at the moment, then consider alternative financing options. They are more accessible and flexible and might give you the leverage to push through. Also, the absence of stringent credit requirements or collateral demands places it within your reach. All you need is to have a proven business idea and conduct research as necessary.