How NFTs are Helping Raise Funds for Cancer Support Charity Maggie’s
In a creative twist on fundraising, renowned digital artist Trevor Jones is “locked up” in a charity event called Jail or Bail—and he’s calling on the NFT community to help bail him out. Trevor is facing some pretty hefty (but tongue-in-cheek) charges: leading a digital art rebellion against traditional art institutions. However, his real mission is much more noble—raising money for Maggie’s Centres, a charity dedicated to providing vital support for those affected by cancer.
The Cause: Maggie’s Centres and Cancer Support
With over 50% of people likely to face a cancer diagnosis in their lifetime, the need for cancer support is greater than ever. Maggie’s Centres step in where they’re needed most, offering emotional, practical, and social support to those dealing with cancer, as well as their families. It’s more than just medical assistance—it’s about making sure no one has to face the journey alone. Maggie’s holistic approach to cancer care includes everything from mental health support to advice on treatment and managing finances.
The NFT Drop: 100 ‘Jail or Bail’ NFTs
Trevor Jones is raising bail through a limited edition of 100 ‘Jail or Bail’ NFTs, priced at 0.0269 ETH (approximately $69). Each NFT not only helps “bail” Trevor out, but also contributes 100% of the funds raised to Maggie’s Centres. These NFTs offer a unique opportunity for collectors to support a meaningful cause while owning a piece of art that symbolizes the fusion of creativity, community, and compassion.
At the time of writing, 33 out of the 100 NFTs have already been minted, showing the strong support from the community. This is more than just a charity drop—it’s a call to arms for the NFT and digital art space to come together for a cause bigger than itself.
Why This Matters: NFTs for Social Good
NFTs have often been criticized for being speculative or indulgent, but initiatives like Jail or Bail demonstrate their real-world impact. By using the blockchain to raise funds for charity, Trevor Jones and the NFT community are showcasing how digital art can contribute to social causes. It also shows the growing trend of artists leveraging NFTs for philanthropic endeavors, adding a layer of purpose to their work.
Get Involved: How You Can Help
If you want to support Trevor Jones and Maggie’s Centres, you can mint one of the limited Jail or Bail NFTs. Not only will you help free Trevor from his “digital rebellion charges,” but you’ll also be making a tangible difference in the lives of people affected by cancer.
With only 67 more NFTs to go, the clock is ticking. This is your chance to contribute to a meaningful cause while owning a piece of art that stands for more than just its aesthetic value. Join the digital art revolution, and help Trevor make his great escape—all in the name of charity!
TLDR: Digital artist Trevor Jones is participating in a Jail or Bail charity event to raise money for Maggie’s Centres, a cancer support charity. He’s selling 100 limited-edition NFTs priced at 0.0269 ETH (~$69), with 100% of the funds going to the charity. This campaign highlights how NFTs can be used for social good, merging digital art with philanthropy.
An Post, the national postal service of Ireland, has introduced its first series of traditional, physical stamps paired with non-fungible token (NFT) versions.
The stamps were designed by artist Kasia Oźmin using Mid-journey, a generative AI program that creates images based on text prompts.
Limited to just 10,000 units, the stamps showcase aspects of Irish life under the theme “Imagine Ireland.” Their designs feature elements of the Irish landscape, merging innovation with traditional rural themes.
Among the stamps is the ‘N’ national rate stamp, which covers postage within Ireland. This stamp aims to challenge views on housing and presents a forward-thinking solution. Another stamp, the ‘W’ international rate stamp, focuses on the future of transport for sending mail globally.
The NFT counterparts of the stamps are minted on the Polygon blockchain in partnership with the NFT platform Ciphers.me. Buyers will receive a PIN code that allows them to access the NFT on Ciphers. They can then store it in MetaMask or other compatible wallets.
Des Morley, Chief Digital and Technology Officer at An Post, commented on the launch, stating, “At An Post, we are applying digital innovation across our business – in this case, to one of our most renowned products, stamps. In a spirit of co-operation with International posts we are charting the impact of AI and Crypto by continuing to engage with and learn from emerging technologies.”
With this launch, An Post joins a growing number of postal services that have issued their own NFT stamp collections. In July, Guernsey Post released its own series of NFT stamps.
Similarly, both Belgian Post Group and Deutsche Post in Germany have introduced their versions of NFT stamps. Earlier in May, Ghana Post also linked commemorative stamps to NFTs, celebrating the 25th coronation anniversary of Otumfuo Osei Tutu II and recognizing his role in Ghana’s progress.
Whether looking for a time-traveling adventure, strategic roleplay or epic action, anyone can find something to play on GeForce NOW, with over 2,000 games in the cloud.
The GeForce NOW library continues to grow with seven titles arriving this week, including the role-playing game GreedFall II: The Dying World from developer Spiders and publisher Nacon.
Plus, be sure to claim the new in-game reward for Guild Wars 2 for extra style points.
GeForce NOW is improving experiences for members using Windows on Arm laptops. Support for these products is currently in beta, and improvements will be included in the GeForce NOW 2.0.67 app update, rolling out this week to bring GeForce NOW streaming at up to 4K resolution, 120 frames per second and high dynamic range to Arm-based laptops.
Greed Is Good
Greed falls, frame rates rise in the cloud.
GreedFall II: The Dying World, the sequel to the acclaimed GreedFall, transports players to a captivating world set three years before the events of the original game. It features a revamped combat system, offering players enhanced control over Companions, and introduces a tactic pause feature during live battles for strategic planning. In this immersive adventure, step into the shoes of a person native to the magical archipelago uprooted from their homeland and thrust into the complex political landscape of the Old Continent. GreedFall II delivers an immersive experience filled with alliances, schemes and intense battles as players navigate the treacherous waters of colonial conflict and supernatural forces.
Members can shape the destiny of the Old Continent all from the cloud. Ultimate and Priority members can elevate their gaming experiences with longer gaming sessions and higher-resolution gameplay over free members. Upgrade today to get immersed in the fight for freedom.
Adventure in Style
The Guild Wars 2: Janthir Wilds expansion is here, bringing new adventures and challenges to explore in the world of Tyria. To celebrate this release, GeForce NOW is offering a special member reward: a unique style bundle to enliven members’ in-game experiences.
So fancy.
Transform characters’ hairstyle, horns and facial hair, customize armor and tailor a wardrobe for epic quests. The reward allows players to stand out as a true champion of Tyria while exploring the new lands of Janthir.
Members enrolled in the GeForce NOW rewards program can check their email for instructions on how to claim the reward. Ultimate and Priority members can redeem their style packages today, and free members can access the reward beginning on Friday, Sept. 27. Don’t miss out — the offer is available through Saturday, Oct. 26, on a first-come, first-served basis.
Something for Everyone
The apocalypse never looked so good.
The hit survival action shooter Remnant II from Arc Games this week released its newest and final downloadable content (DLC), The Dark Horizon, along with a free update that brings a brand-new game mode called Boss Rush. In the DLC, players return to N’Erud and uncover a mysterious place preserved in time, where alien farmlands are tended by robots for inhabitants who have long since perished. But time corrupts all, and robotic creations threaten at every turn. Stream the game instantly on GeForce NOW without waiting for downloads or updates.
Members can look for the following games available to stream in the cloud this week:
Witchfire (New release on Steam, Sept. 23)
Tiny Glade (New release on Steam, Sept. 23)
Disney Epic Mickey: Rebrushed (New release on Steam, Sept. 24)
GreedFall II: The Dying World (New release on Steam, Sept. 24)
Breachway (New release on Steam, Sept. 26)
Mechabellum (New release on Steam, Sept. 26)
Monopoly (New release on Ubisoft Connect, Sept. 26)
What are you planning to play this weekend? Let us know on X or in the comments below.
Combat or diplomacy—what’s your go-to approach in RPGs? 🤔
— 🌩️ NVIDIA GeForce NOW (@NVIDIAGFN) September 25, 2024
The kids are back to school and summer vacation is now just a memory. Frequent business travelers are back to the grind, but that does not mean we should overlook our wellness and comfort. These popular products can improve your travels, home life and overall well-being.
BelliWelli daily fiber and probiotics powder
This easy-to-mix powder from BelliWelli is packed with fiber and probiotics for healthy metabolism, more energy and less bloating. It comes in individual packets with various flavors that are easy to put in a briefcase or carry-on bag or a small container with a secure top. That’s great for families or business travelers on longer trips, especially if criss crossing time zones confusing the body’s normal appetite. It is best to enjoy at breakfast because it can help you feel fuller throughout the day. BelliWelli also has snack bars that are a great supplement for a snack any time during the day.
Dollar Shave Club razors
I love saving cash, who doesn’t? From high-quality handles with three-bladed razors that attach to a sturdy handle to body shaving products that are lightweight and easy to carry, Dollar Shave Club has made a name for itself with top-notch products at a discount. Personally, I love how their razors last for so long, which saves me cash and space in my bag since I do not have to carry extra razors on a month-long trip. The body wash smells really nice, almost like a cologne. I wonder if the antiperspirant and the line’s own cologne are just as appealing. There is even a groin spray that frequent travelers could really appreciate after a long day of travel.
Twillory AIR Suit
If you’re like me, I run hot. The Twillory AIR Suit has breathable fabric in the jacket and in the pants that allows air to flow through making you feel comfortable and refreshed. I use the jacket for formal and informal situations. My go-to look is wearing the blazer with a pair of jeans creating a relaxed, business-casual look. International travelers know all too well that air conditioning is not appreciated overseas the same way it is in the U.S. This blazer, and now the full suit, have been a lifesaver when I do business in parts of Europe, Africa and Asia where air conditioning is not the same. The number of compliments I get for the stretchy fabric and color is the icing on the cake. it is also machine-washable and has zippered pockets for important items.
Columbia sunglasses
The brand famous for its outerwear also has exceptional eyewear too. Its polarized sunglasses will protect your eyes and face whether you’re at the beach, fishing on the coast or exploring the starting snowfall of the slopes (it also has its own line of goggles, too). They come in a variety of styles and price points for the active traveler, but all with the quality for which Columbia is known. I especially like this tortoise shell pattern.
TESSAN power strip and wall plug
If you have ever been in a hotel or airport lounge with limited access to power outlets, you will really appreciate the TESSAN power strip and wall plug. They both help to save space by requiring only one outlet, but then diverting that energy to numerous ports for you to plug in standard and USB devices to charge simultaneously. The power strip is a great item to use at home, too, since it can be tucked discreetly behind a piece of furniture while you keep all of your devices plugged into one place.
I like the wall outlet multi-plug adapter because it means I do not have to worry about anyone tripping over my power strip cord. Both are essential items for frequent travelers, but also make a great holiday gift back home.
Liquid I.V. hydration packets
Earlier this summer, Liquid I.V.® wanted to celebrate the season with iconic flavors that recall special memories from childhood like Popsicle® Firecracker Hydration Multiplier with hints of citrus-fueled lemon lime, tart cherry and raspberry, just like those chilly treats. Sugar-free Rainbow Sherbet has flavors of raspberry, tangy orange and zesty lime. Add these powders to a bottle of water to hydrate the body faster than a normal glass of water. These are great for frequent travelers, flight crew and kids who spend a lot of time after school sweating at sports practice.
New for fall is the launch of Hydration Multiplier® +Energy Blackberry Peach hydration packets. These include approximately 100mg of natural caffeine. That’s the same as a couple of cups of coffee. This makes it the perfect morning hydration tool since it has caffeine and three times the electrolytes of other sports drinks. It is great for frequent travelers, especially those that cross various time zones and are fighting jet lag.
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Ramsey Qubein
Ramsey Qubein is a freelance travel journalist covering hotels, cruises, airlines, and loyalty programs from around the globe.
Learning how to set up a crypto wallet is key for storing and managing your digital assets. A crypto wallet lets you send, receive, and track your cryptocurrencies securely. With different types available, choosing the right wallet can affect your experience.
This guide will show you how to get a crypto wallet that meets your needs, ensuring your investment is protected. Let’s look at the types of wallets and how to create one today.
Key Takeaways:
A crypto wallet is a digital tool that allows you to hold, send, and receive cryptocurrencies, serving as the online equivalent of a traditional wallet.There are various types of crypto wallets, including hot wallets, cold wallets, and paper wallets, each offering different levels of security and accessibility.To set up a crypto wallet, choose a provider, download the software, create a new wallet, back up your recovery phrase, and secure it with a strong password.
Cryptocurrency Wallet Explained
A cryptocurrency wallet is a digital tool. It enables you to hold, send, and receive digital assets such as BTC and ETH. Consider it a digital counterpart of your pocket wallet, except instead of keeping cash and cards, it stores your cryptocurrency.
When you hold crypto assets, you actually have a set of private keys. These keys are lengthy sequences of numbers and letters that serve as proof of ownership for your digital currency. A cryptocurrency wallet saves these keys and allows you to utilize them to complete transactions.
Types of Crypto Wallet
Hot Wallets (Software Wallets): Hot wallets link to the internet. They are convenient since you can access your cryptocurrency at any time and from any location. Examples include mobile applications and web-based wallets. However, being online increases their vulnerability to hackers.Cold Wallets: Cold wallets, also known as hardware wallets, are physical devices that store cryptocurrency offline. They resemble USB sticks (like Ledger Nano X) and are regarded as extremely secure. The disadvantage is that they are less suitable for frequent trade.Paper Wallets: Paper wallets are simple pieces of paper that have your public and private keys written on them. It is fully offline, making it secure against hackers, but it is easily lost or destroyed.Desktop Wallets: These are programs you install on your computer. They give you full control over your wallet but are only accessible from that specific computer.Mobile Wallets: Mobile wallets are smartphone apps. They’re very convenient for everyday use and can often scan QR codes for quick payments.Web Wallets: Web wallets are accessed through a browser. They’re easy to use but rely on a third-party to keep your keys safe.
How to Get a Crypto Wallet – Steps and Guide
How to Create a Software Wallet
Software wallets are the most common and easiest to set up. Here’s a general guide:
Step 1: Select a wallet provider
Exodus, Trust Wallet, and Coinbase Wallet are a few well-liked choices. Find one with strong security features and support for the cryptocurrency you wish to use by doing some research.
Step 2: Download and Install the Wallet:
Once you’ve chosen a wallet, visit the official website or app store (for mobile wallets) and download the software. Be cautious about downloading from legitimate sources to avoid phishing attacks or malicious software.
For mobile wallets, go to Google Play (Android) or the Apple App Store (iOS).For desktop wallets, download the application directly from the wallet’s official website.
Step 3: Create a New Wallet
Open the wallet app when the program has been installed. Generally, you’ll find an option to “Create a New Wallet”. After you click on this, adhere to the given directions.
Step 4: Make a copy of your recovery phrase
During the wallet creation process, the software will generate a recovery phrase (also known as a seed phrase). This is usually consisting of 12 or 24 random words. This is an important phrase because, if your gadget is lost, stolen, or compromised, it serves as a backup that lets you recover your wallet.
Important: Copy this recovery phrase onto a piece of paper and keep it somewhere safe. To minimize the possibility of hacking, do not save anything digitally.
Step 5: Set Up a Password
After you’ve backed up your recovery phrase, the next step is to set a strong password for your wallet. This password will be required every time you want to access your funds or send cryptocurrency. Make sure it’s a password you can remember but hard for others to guess.
Step 6: Get Your Wallet Working
You will now receive a public key, which is also your wallet address, after setting up your wallet. You can receive cryptocurrency by giving this address to other people. To transfer funds, you will need both the recipient’s address and access to your private key, which is safely held within the wallet.
Note: The security of a software wallet largely depends on the security of the device it’s installed on. Always keep your device updated and be cautious about downloading unknown apps or clicking suspicious links.
How to Create a Hardware Wallet
Step 1: Purchase a Hardware Wallet
The first step is to buy a reputable hardware wallet from a trusted vendor. Avoid purchasing used wallets or buying from third-party sellers to minimize the risk of tampering. Buy directly from manufacturers such as Ledger or Trezor.
Step 2: Unbox and Connect the Wallet
After your hardware wallet is delivered, open it up and carefully read the included instructions. Generally, you will need to use a USB cable or Bluetooth (for devices like the Ledger Nano X) to connect the hardware wallet to your computer or mobile device.
Step 3: Install the Wallet Software
You’ll need to install companion software on your computer or smartphone to interface with your hardware wallet. Users of Trezor will install Trezor Bridge or utilize the Trezor Suite, whereas users of Ledger will install Ledger Live. To prevent vulnerabilities, make sure your device is constantly running the most recent firmware.
Step 4: Set Up Your Wallet
After installing the software, you’ll be guided through the process of setting up your wallet. You will be prompted to:
Create a PIN: Choose a secure PIN that you’ll use to unlock your wallet. This is your first line of defense if your hardware wallet falls into the wrong hands.Backup Recovery Phrase: Just like with software wallets, your hardware wallet will generate a recovery phrase (usually 24 words). Write it down on paper and store it in a secure place.
Step 5: View and Manage Your Wallet Balance
You can use your hardware wallet to transact and receive cryptocurrency when the setup is complete. To transfer money, you must first link the wallet to your PC, then input your PIN and validate the transaction on the actual wallet.
This additional security measure makes sure that hackers cannot take your money without physical access to your wallet, even if your computer is hacked.
How to Create a Paper Wallet
Your public and private keys are physically stored on a paper wallet, which is often in the form of QR codes.
Step 1: Visit a Paper Wallet Generator
You must use a reliable wallet generator, like BitAddress, to build a paper wallet. You can easily generate a public and private key pair with these tools.
Important: To make sure your keys are safe, it is advised that you generate your paper wallet offline. This may be accomplished by downloading and unzipping the generator and then executing it on a machine that isn’t connected to the internet.
Step 2: Generate the Keys
To generate entropy and make sure the keys are as random as possible, this often entails dragging the mouse around or inputting random letters.
Step 3: Print the Wallet
After the keys have been generated, the next step is to print the paper wallet. This printout will include your public key (wallet address) and private key, often in both alphanumeric form and as QR codes. The public key can be shared with others to receive cryptocurrency, but the private key must remain confidential.
Step 4: Safely Store the Paper Wallet
Although paper wallets are quite safe in terms of digital security, they are susceptible to physical risks like theft, fire, and water damage. If required, think about keeping your paper wallet in a safe with waterproof or fireproof protection.
Best Cryptocurrency Wallets for Different Use Cases
Best Software Crypto Wallets
The best cryptocurrency software wallets to look for are:
MetaMask ranks among the top choices for managing crypto, particularly Ethereum and ERC-20 tokens. It functions as both a browser extension and mobile app, making it accessible for storing, sending, and receiving assets. The wallet is also known for its ease of use and its ability to connect with decentralized applications (dApps). MetaMask serves over 30 million users globally.Trust Wallet, endorsed by Binance, supports over 70 blockchains and millions of tokens. It also enables staking, offering users an opportunity to earn rewards. Trust Wallet is mobile-friendly and praised for its intuitive interface.Coinbase Wallet is a non-custodial wallet, separate from the centralized Coinbase exchange, giving users control over their private keys. It supports various assets like Bitcoin, Ethereum, and other ERC-20 tokens. Designed with simplicity in mind, it’s a great choice for beginners. Plus, it seamlessly integrates with dApps, providing an easy way to manage and interact with different cryptocurrencies.
Best Hardware Crypto Wallets
The best cryptocurrency hardware wallets for beginners to get are:
Ledger is a leading hardware wallet, trusted by more than 6 million users globally. It offers support for over 5,500 cryptocurrencies, including Bitcoin, Ethereum, and ERC-20 tokens. The Ledger Nano X and Nano S Plus models provide secure offline storage, safeguarding private keys from potential online threats. Through the Ledger Live app, users can easily manage their assets, stake tokens, and interact with decentralized apps. Ledger has earned its reputation by maintaining top-tier security for crypto storage.Trezor, recognized as the first-ever hardware wallet, supports over 1,000 coins. Models such as Trezor Safe 3 and Trezor Safe 5 are designed to keep private keys offline, offering high-level protection from hacks. The wallet also connects with various third-party apps and exchanges for added functionality. It includes features like passphrase protection and two-factor authentication (2FA), making Trezor a highly secure and trusted solution for managing crypto assets.The ELLIPAL Titan is a cold wallet that works on air-gapped technology. It ensures that the user’s assets are completely isolated from any internet network. The gadget has a complete metal case that provides great security against physical manipulation.
Considerations When Choosing a Crypto Wallet
Here are the factors to consider for choosing the best crypto wallet:
Security: This should be your top priority. Look for wallets with strong encryption. This includes two-factor authentication and a good track record of protecting users’ funds. For large amounts, consider using a hardware wallet for enhanced security.Supported cryptocurrencies: Make sure the wallet supports the specific cryptocurrencies you plan to use. Some wallets only work with a few high market cap coins like BTC and ETH, while others support many new projects.User interface: The wallet should be easy for you to use and navigate. If you’re new to crypto, look for wallets with simple, intuitive interfaces. More experienced users might prefer wallets with advanced features.Backup and recovery options: Ensure the wallet has a straightforward process for backing up your keys or seed phrase. This is crucial for recovering your funds if you lose access to your wallet.Development and updates: Choose a hot wallet from a reputable company that regularly updates its software to address security vulnerabilities and add new features.Control over private keys: Some cryptocurrency wallets give you full control over your private keys, while others manage them for you (like custodial wallets). Having control over your keys offers more security but also more responsibility.Transaction fees: Many crypto wallets allow you to customize transaction fees, which can be useful during times of network congestion.Integration with exchanges: If you plan to trade frequently, a wallet that integrates with major crypto exchanges like Binance and Bybit could be convenient.Mobile vs. desktop: Consider whether you need access to your wallet on-the-go (mobile) or prefer to manage your crypto from your computer (desktop).Open-source code: Since it enables the public to confirm the wallet’s security, many people choose wallets with open-source code.Extra features: Some wallets come with integrated staking possibilities, swap services, and interfaces for interacting with decentralized apps (dApps).Community and support: When you’re first starting out, having a robust user community and prompt customer service may be really helpful.
Risks Associated With Crypto Wallet
Crypto wallets come with several risks that you should be aware of:
Security breaches: Wallets can be vulnerable to hacking attempts, especially if proper security measures aren’t in place. This risk is particularly high for software wallets connected to the internet.User error: Simple mistakes like forgetting passwords, losing seed phrases, or sending crypto to incorrect addresses can result in permanent loss of funds. Unlike traditional banking, there’s often no way to reverse transactions or recover lost access.Malware: Malicious software can infect devices and potentially steal wallet information or private keys, leading to the theft of funds.Phishing attacks: To deceive users into disclosing their private keys or seed phrases, con artists may fabricate wallet interfaces or send phony emails.Software bugs: Wallet software may contain undetected bugs that could compromise security or cause malfunctions, potentially leading to loss of funds.Physical theft: For hardware wallets, physical theft of the device poses a risk, though most have security measures to prevent unauthorized use.Outdated software: If wallet software isn’t updated, known vulnerabilities may remain unpatched, raising the possibility of exploitation.Exchange risks: Users utilizing wallets based on crypto exchanges run the danger of the exchange being compromised by hackers or going bankrupt (like FTX insolvency).
Conclusion
Learning how to get a crypto wallet is critical for safely handling your Bitcoin and altcoins. A cryptocurrency wallet can be a software, hardware, or paper wallet. Each kind provides a different level of security and convenience.
Choosing the correct wallet is determined by your requirements, such as ease of access or increased security. Understanding the setup procedure and safety considerations allows you to confidently handle your digital money. Also, to prevent losing access to your crypto assets, never forget to back up your recovery phrase and secure your private keys.
FAQs
Are crypto wallets free?
Yes, most software crypto wallets are free to download and use. Examples include Trust Wallet, MetaMask, and Coinbase Wallet. However, hardware wallets, like Ledger and Trezor, come with a cost since they offer enhanced security by storing your crypto offline. While using a wallet is usually free, keep in mind that transaction fees might apply when sending or receiving cryptocurrency.
What are public and private keys?
A public key is similar to your bank account number; it is safe to share so that people can transfer you Bitcoin. A private key, like a password, must be kept hidden. It provides you with control over your crypto assets. These keys operate together to approve transactions, guaranteeing that only the private key holder has the ability to move or spend digital assets.
Is it safe to make a crypto wallet?
Yes, creating a cryptocurrency wallet is secure as long as you take the right security precautions. When creating a wallet, always generate your recovery phrase offline and keep it secure. Do not share your private key with anybody, and use secure passwords. Keep your software up to date to avoid any vulnerabilities or hacker attempts.
How to get a crypto web or extension wallet?
To get a crypto web or extension wallet, choose a trusted provider like MetaMask or Coinbase Wallet. Visit the official website and install the browser extension. After installation, create a new wallet by setting up a password and backing up your recovery phrase. Once complete, you can manage your crypto directly from your browser.
How to get a crypto mobile wallet?
To get a crypto mobile wallet, download a reputable software wallet app like Coinbase Wallet or MetaMask from the Apple App Store or Google Play Store. Most apps are available for both Android and iOS devices. Once installed, open the app and create a new wallet by following the prompts. Secure your wallet by backing up your recovery phrase and setting a strong password. Now, you can store, send, and receive crypto on your phone.
At its recent Connect conference, Meta announced several updates, including advancements in its Ray-Ban Meta glasses, Meta Quest devices, AI products, and the unveiling of its first augmented reality (AR) glasses.
Meta AR Glasses “Orion”
One of the event’s key highlights was Meta’s introduction of “Orion,” described as “the most advanced pair of AR glasses ever made.” These glasses, which look like regular sunglasses with transparent lenses, allow users to interact with 2D and 3D content within their physical surroundings.
Orion comes equipped with the Meta AI assistant, which can interpret what users are seeing in real-time. For example, Meta explained, “You can open up your refrigerator and ask for a recipe based on what’s inside.”
Meta Orion AR Glasses – Image source: Meta
Orion also integrates with WhatsApp and Messenger, enabling users to make video calls and send messages without needing to hold their phones.
Meta Orion AR Glasses – Image source: Meta
Ray-Ban Meta Glasses Add AI Features
Meta also shared updates for its Ray-Ban Meta glasses, which allow hands-free calls and photo-taking. A notable enhancement is the integration of new AI features, which improve the glasses’ interaction with Meta AI. Users can now initiate conversations with Meta AI simply by saying “Hey Meta.”
New RayBan Meta Glasses – Image source: Meta
In addition to voice commands, the glasses now support setting reminders. For instance, Meta stated, “You can use your voice to set a reminder to text your mom in three hours when you land safely.” The glasses also now let users send voice messages on WhatsApp and Messenger via Meta AI.
Users can also ask Meta AI for help in real time while exploring new locations. As they walk through a city, they can ask Meta AI for information about landmarks or suggestions on what to see next.
Introduction of Meta Quest 3S Mixed Reality Headset
Meta Quest 3S – Image source: Meta
Another announcement was the release of “Meta Quest 3S,” a lower-cost version of its Meta Quest 3 mixed reality headset.
Priced at $299.99, the Meta Quest 3S is positioned as an entry-level device for users who are new to immersive experiences or seeking a more affordable upgrade from previous versions like the Quest and Quest 2.
Meta shared that with the Quest 3S, users can enjoy various entertainment options, including watching TV on a cinema-sized screen, playing games, and attending virtual concerts.
Updates to Meta AI Products
Meta also revealed improvements to its AI offerings. Meta AI now supports voice interaction, allowing users to speak with the assistant across multiple platforms, including Messenger, Facebook, WhatsApp, and Instagram Direct Messages. The AI can respond verbally, providing a more natural interaction experience.
Another addition is the AI’s ability to interpret photos. As Meta explained, users can share a picture of a flower and ask Meta AI to identify the species. The assistant can also perform quick photo edits, such as removing objects, changing the background, or even altering the subject’s outfit.
New Meta AI Features – Image source: Meta
Meta has also extended AI functionalities to help businesses automate customer support and commerce tasks. Business AIs can now engage in conversations with customers, provide support, and help complete transactions.
The journey for blockchain protocols doesn’t end after their Token Generation Event (TGE); in many ways, it’s just the beginning. While pre-TGE projects often bask in the glow of investor hype and support, post-TGE protocols frequently face significant hurdles when attempting to raise additional funds by selling discounted tokens from their treasury.
Fragmented fundraising environments and liquidity issues plague these projects, diverting their focus from development to fundraising. Enter Vellos—a groundbreaking platform designed to address these challenges head-on.
The Fragmented Fundraising Environment
For pre-TGE projects, the fundraising landscape is bustling with venture capitalists, brokers, and launchpads eager to invest in the next big thing. However, this enthusiasm often wanes once the TGE is complete. Post-TGE protocols find themselves in a fragmented environment where:
Limited Access to Investors: VCs and funds that specialize in pre-TGE investments may not extend their services to post-TGE projects, leaving a gap in support.Focus on New Hype: Many investors chase after the newest projects generating buzz, sidelining established protocols that still require capital to grow.Time-Consuming Funding Hunts: Protocol founders are forced to spend valuable time seeking funding instead of advancing their platforms.
The lack of a centralized marketplace for post-TGE investments means there’s no streamlined way for these projects to connect with suitable investors, impeding their progress and innovation.
The Liquidity Conundrum
Liquidity poses another significant challenge:
Difficult Offloading: Existing players in the discount token market deal primarily with pre-existing SAFTs or token warrants laden with conditions, making them hard to offload.Large Ticket Sizes: Big-ticket discount token deals are tough to sell, limiting the pool of potential buyers.Concentration of Tokens: When large amounts of a protocol’s tokens are held by a single entity, it creates selling pressure as tokens vest, potentially destabilizing the token’s value.
These issues contribute to a less dynamic market, where both buyers and sellers face obstacles that hinder the ecosystem’s overall health.
Introducing Vellos: A New Opportunity for Post-TGE Protocols
Vellos emerges as a solution to these persistent problems. It is a discount token marketplace specifically tailored for post-TGE projects, aiming to democratize access to discounted tokens and streamline the fundraising process.
What is Vellos?
Vellos is a platform where projects can offer their treasury tokens at a discount directly to their loyal community and a broad spectrum of other users. By breaking down large raises into smaller, manageable ticket sizes, Vellos enables individual users to participate in funding rounds traditionally reserved for big players.
How Vellos Addresses the Challenges
Unified Marketplace: Vellos creates a centralized environment where post-TGE projects and interested investors can connect effortlessly.Enhanced Liquidity: By dealing with new investment vehicles rather than pre-existing ones, Vellos simplifies the process of buying and selling discounted tokens.Dynamic NFTs: Vellos employs proprietary dynamic NFTs that act as keys to the underlying tokens. As tokens vest, NFT owners can claim them at will, adding a layer of flexibility and security.
Key Features of Vellos
Automated Onboarding: The entire process is permissionless and automated, including wallet and token checks, reducing administrative burdens.NFT Resale Marketplace: To introduce liquidity for buyers, NFTs can be traded at any time, even before vesting begins, providing an exit strategy and market dynamism.Revenue Sharing: Projects receive a portion of the revenue from secondary NFT trades, creating an ongoing revenue stream.
The Benefits for Protocols
By leveraging Vellos, protocols can unlock several advantages:
Direct Funding from the Community
Protocols can raise funds by offering discounted tokens directly to the community that has supported them from the start. This inclusivity strengthens community bonds and diversifies the investor base.
Creation of ‘Micro-KOLs’
Each user who purchases discounted tokens becomes a ‘micro-Key Opinion Leader.’ With skin in the game at a favorable price, these users are more likely to advocate for the project, amplifying its reach and influence.
Controlled Selling Pressure
Protocols can set custom cliff and vesting terms proportional to the discount offered, allowing them to manage the selling pressure and maintain token stability.
Consistent Revenue Stream
By earning a share of the revenue from secondary NFT trades, protocols establish an additional, consistent income source that can fund ongoing development and operations.
Focus on Core Development
With fundraising streamlined through Vellos, protocol founders can dedicate more time and resources to building and enhancing their products, driving innovation and value creation.
Vellos Telegram App: Bootstrapping Community Growth
To expand and engage its community, Vellos recently launched a Telegram app that has quickly gained traction. Within the first two weeks since its launch, the app amassed 240,000 active users, signaling strong interest and participation.
The app allows users to interact with several engaging features, earning points along the way:
Doge To Earn: Players can participate in the “Doge To Earn” game, where they dodge enemies to accumulate points. The more successful they are at avoiding obstacles, the more points they can earn. Players can also use these points to upgrade their in-game features, enabling them to boost their point-earning potential over time.
Invite: Users can invite their friends to join the app, earning significant points for each referral. Additionally, they benefit from passive point-earning opportunities, receiving 16% of the points earned by their direct friends and 8% from indirect friends.
Task: Players can complete tasks, such as following Vellos on various social networks (SNS), to earn extra points and rewards.
Looking beyond just point farming, Vellos aims to utilize the Telegram app as a platform for education and community-building, providing valuable content and resources that enhance user experience and engagement over time.
Conclusion
Vellos stands poised to disrupt the post-TGE fundraising landscape by addressing the fragmentation and liquidity issues that have long hindered protocols.
By creating a unified, automated, and liquid marketplace for discounted tokens, Vellos empowers projects to connect with a broader investor base, engage their communities, and focus on what truly matters—building exceptional products in the web3 space.
To learn more:
Disclaimer: CryptoSlate is a strategic advisor for Vellos.
Have you ever wondered how a blockchain project starts? Before a new blockchain takes off, a critical document that lays the groundwork is the whitepaper. Imagine you’re about to invest in or use a new blockchain technology; you want to know if it’s reliable, right? That’s where the Blockchain Whitepaper comes in. It’s like a blueprint that helps us understand everything from how the technology works to what problems it solves. Without Blockchain Whitepaper, making informed decisions would be a lot harder. So, why do we need a blockchain whitepaper? Let’s dive in and see how it clears up confusion and sets the stage for success.
A Blockchain Whitepaper is an authoritative document that explains the technical details, purpose, and structure of a blockchain project. It serves as a comprehensive guide for potential investors, developers, and users to understand how the project works and what problem it aims to solve. Blockchain Whitepapers often include information on the project’s architecture, consensus mechanism, tokenomics, and use cases.
Blockchain Whitepapers are typically published during the early stages of a project to attract investors, developers, and users by providing transparency and building trust in the project’s goals. It also helps set the foundation for future development and community engagement.
Why do you have to use Blockchain Whitepapers? Why Blockchain Whitepapers are mandatory to use? Here’s why whitepapers are indispensable for blockchain projects:
Importance of whitepapers in blockchain projects:
1. Clear Project Vision:
A whitepaper outlines the primary goals and objectives of a blockchain project, giving potential investors, developers, and users a clear understanding of what the project aims to achieve. It provides a framework for the project’s mission, use cases, and long-term impact.
2. Technical Blueprint:
It details the technical architecture, protocols, and underlying technology of the blockchain. This includes information on how the project will function, the consensus mechanism, the role of nodes, security features, and other technical specifications.
3. Problem-Solution Explanation:
Blockchain whitepapers usually begin by highlighting specific issues in the market or industry and explaining how the proposed blockchain project will solve these problems. This problem-solution structure helps in positioning the project as a needed solution and attracts support.
4. Transparency and Trust:
Transparency is a crucial aspect of blockchain, and whitepapers contribute to this by offering an open, detailed account of the project. Investors and stakeholders can evaluate the project’s credibility and legitimacy based on the information provided, building trust in its operations.
5. Investor Attraction:
A well-crafted Blockchain Whitepaper is often aimed at attracting investors by showcasing the potential return on investment (ROI), the tokenomics (economics of the blockchain’s native token), and the growth prospects. It helps investors understand how the project will generate value.
6. Guidance for Developers:
Blockchain Whitepapers serve as a guide for developers who want to contribute to the project. By providing technical details and explaining the codebase, consensus algorithms, and APIs, it becomes easier for developers to join and build on the project.
7. Legal and Regulatory Clarity:
While not always emphasized, some blockchain whitepapers include a section on compliance with legal and regulatory frameworks. This gives stakeholders confidence that the project operates within the legal bounds of the jurisdictions in which it intends to operate.
8. Marketing Tool:
The whitepaper is also a strategic marketing document that helps spread awareness of the project. It is often used to explain the unique selling points (USPs) of the blockchain and differentiate it from competitors in the market.
9. Community Engagement:
Whitepapers can spark interest within the blockchain community and initiate discussions. Engaged communities are vital for the long-term success of blockchain projects, and a comprehensive whitepaper helps in building a strong, dedicated user base.
10. Roadmap and Development Timeline:
A blockchain whitepaper often includes a detailed roadmap, highlighting the milestones for the project. This gives stakeholders a sense of the timeline for the development of various phases, such as token distribution, platform launches, and feature rollouts.
Most Blockchain Whitepapers follow a similar structure, designed to explain everything from the project’s vision to the technical workings. Let’s break down the standard components of a blockchain whitepaper.
The Components of Blockchain Whitepaper:
1. Introduction:
The introduction sets the stage by explaining the problem the Blockchain Whitepaper project is solving. It highlights the main goals of the project and why it’s relevant in today’s world.
2. Market Overview:
This section gives an overview of the current market or industry. It may discuss challenges in the existing system and why Blockchain Whitepaper can provide a better solution. It helps readers understand the project’s potential.
3. Problem Statement:
Here, the whitepaper dives deeper into the specific issues the project aims to address. This could be anything from a lack of transparency in an industry to slow transaction speeds or security issues.
4. Solution:
This is the heart of the Blockchain Whitepaper, where the project introduces its solution—often in the form of a new blockchain protocol or platform. It explains how the technology will work and how it will solve the problems mentioned earlier.
5. Technology and Architecture:
For more tech-savvy readers, this section breaks down the blockchain’s technical aspects. It might include details about consensus mechanisms (how decisions are made on the blockchain), smart contracts, cryptography, and network architecture.
6. Tokenomics (Token Economy):
Many blockchain projects have their token, and this section explains how Blockchain Whitepaper will be distributed and used. It talks about the total supply, how tokens will be allocated, and their role in the ecosystem.
7. Roadmap:
A roadmap lays out the project’s development timeline. It shows what’s been achieved so far and the plans for future updates or milestones. This helps investors and users see where the project is headed.
8. Team:
The Blockchain Whitepaper usually includes a section about the project’s team members. It highlights their experience and expertise, building trust that they have the skills to make the project successful.
9. Legal and Regulatory Information:
To ensure compliance with laws and regulations, this section might outline the legal structure of the project, especially if it’s dealing with cryptocurrency. Blockchain Whitepaper reassures readers that the project is aware of any legal implications.
10. Conclusion:
Finally, the conclusion wraps up the document by summarizing the project’s vision and inviting readers to support the project, either through investing, using the platform, or becoming a part of the community.
Reading a blockchain whitepaper can seem overwhelming, but it doesn’t have to be. Here are five easy steps to help you understand and analyze any whitepaper effectively:
How to Read and Analyze a Blockchain Whitepaper: 5 Simple Steps
1. Start with the Problem and Solution:
Begin by looking at the problem the project is trying to solve. Does the Blockchain Whitepaper clearly explain a real-world issue? Then, move on to the solution. Make sure the project’s approach is practical and innovative. If the problem seems vague or the solution unclear, that could be a red flag.
2. Understand the Technology:
You don’t need to be a tech expert but try to get a general idea of how the technology works. Look for sections that explain the blockchain’s structure, consensus mechanism (like Proof of Work or Proof of Stake), and any unique features. If it’s too complicated or lacks detail, it might be worth questioning the project’s feasibility.
3. Check the Tokenomics:
If the project involves a cryptocurrency, pay attention to the tokenomics. This includes how tokens will be distributed, their role in the project’s ecosystem, and whether they have real utility. A well-designed token economy is crucial for long-term success, so make sure it’s fair and sustainable.
4. Evaluate the Team and Roadmap:
A strong team with relevant experience is essential. Review the team’s background and check if they have the expertise needed to make the project a reality. Also, look at the roadmap, does it have realistic milestones? An overly ambitious or vague timeline might suggest the project is more hype than substance.
5. Look for Legal and Regulatory Compliance:
Blockchain projects often operate in a gray area when it comes to regulations. Make sure the Blockchain Whitepaper addresses any legal aspects, such as how they’ll comply with local laws. Projects that ignore regulatory concerns may run into trouble later, putting investors at risk.
Here are some of the most well-known and influential Blockchain Whitepapers that have set a standard in the industry.
Top Blockchain Whitepapers:
1. Bitcoin Whitepaper (2008):
Title: Bitcoin: A Peer-to-Peer Electronic Cash System.
Author: Satoshi Nakamoto
Why It’s Important: This is the whitepaper that started it all. Satoshi Nakamoto’s 9-page document laid the foundation for decentralized digital currency and blockchain technology. It clearly explains the concept of a peer-to-peer electronic payment system without relying on a third party like a bank.
Key Focus: Solves the double-spending problem and introduces blockchain and proof of work (PoW) for security and consensus.
2. Ethereum Whitepaper (2013):
Title: A Next-Generation Smart Contract and Decentralized Application Platform.
Author: Vitalik Buterin
Why It’s Important: Ethereum’s whitepaper introduced the idea of smart contracts and decentralized applications (dApps), expanding the blockchain’s potential far beyond digital currency. It laid the groundwork for creating a programmable blockchain that could run various decentralized applications.
Title: Polkadot: Vision for a Heterogeneous Multi-Chain Framework.
Author: Gavin Wood
Why It’s Important: Polkadot’s whitepaper envisions an interconnected web of blockchains, allowing different blockchains to communicate with each other. It introduces a concept known as “parachains” and a unique consensus model.
Key Focus: Cross-chain interoperability, governance, scalability, and security.
4. Cardano Whitepapers (2017):
Title: Ouroboros: A Provably Secure Proof-of-Stake Blockchain Protocol & Why We Need Cardano: A Third-Generation Blockchain
Author: IOHK (Input Output Hong Kong)
Why It’s Important: Cardano’s whitepapers focus on the scientific approach behind their blockchain, introducing a proof-of-stake (PoS) consensus mechanism. The project is known for being research-driven and peer-reviewed.
Key Focus: Secure proof-of-stake consensus, scalability, sustainability, and governance.
5. Libra (Diem) Whitepaper (2019):
Title: An Introduction to Libra.
Author: Facebook (Now Meta) and the Libra Association
Why It’s Important: Though it faced regulatory challenges and rebranded to Diem, the Libra whitepaper proposed a global digital currency backed by a reserve of assets. It aimed to create a financial system that could be used globally, especially for those without access to banking services.
Key Focus: Global financial inclusion, stablecoin backed by a reserve, secure and scalable blockchain.
6. Filecoin Whitepaper (2017):
Title: Filecoin: A Decentralized Storage Network
Author: Protocol Labs
Why It’s Important: Filecoin’s whitepaper proposes a decentralized storage network where users can rent out their unused storage space. It’s a groundbreaking example of how blockchain can be applied outside finance.
Key Focus: Decentralized data storage, incentives for file storage and retrieval, proof-of-replication, and proof-of-space-time.
7. Solana Whitepaper (2017):
Title: Solana: A New Architecture for a High-Performance Blockchain
Author: Anatoly Yakovenko
Why It’s Important: Solana’s whitepaper focuses on solving the scalability problem faced by most blockchains. It introduces the Proof of History (PoH) consensus model, which significantly speeds up transaction processing.
Key Focus: High throughput, low latency, and scalable blockchain solutions.
Blockchain Whitepapers are crucial for understanding the essence and potential of a blockchain project. They provide clarity on the problem being solved, the technology behind it, and the team driving the vision. By carefully reading through the problem statement, technology details, tokenomics, team credentials, and legal considerations, you can gauge the project’s legitimacy and prospects.
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Being a content creator takes work. You faced challenges regarding controlling content, unfair revenue sharing, and data privacy. The present scenario of the digital content industry is filled with middlemen who take a significant share, leaving content creators with less. But what if I say Tron Blockchain is here to change the algorithm, by cutting out the intermediaries? Sounds like a dream, right? Tron Blockchain allows users to connect directly with their audience and get what they truly deserve.
In this blog, we will explore how Tron Blockchain solves these issues and why it would be a game changer for creators and consumers.
Tron Blockchain is a decentralized platform, focused on building a free, global digital content entertainment system with distributed storage technology, enabling easy and cost-effective sharing of digital content. Tron Blockchain tries to eliminate intermediaries, allowing creators to interact with consumers. It has become a major player in the Blockchain space.
There is a brief history of Tron Blockchain. Let’s dive into the past of Tron Blockchain.
History of Tron Blockchain:
Tron Blockchain was founded by Justin Sun in September 2017. The vision was to create a decentralized internet. Initially, Tron Blockchain was launched as an ERC-20 token on the Ethereum network, but it quickly transitioned to an independent blockchain in June 2018. These moves marked Tron’s Main Net launch, establishing it as a standalone blockchain network with its native cryptocurrency, TRX (Tronix).
In July 2018, Tron acquired BitTorrent, a popular peer-to-peer file-sharing (Peer-to-peer or P2P networking is a decentralized network architecture where each participant, known as a peer, has equal privileges and responsibilities) platform, integrating it into the Tron ecosystem to enhance its decentralized content distribution capabilities. This acquisition was a significant step in expanding Tron Blockchain’s influence in the digital entertainment industry.
However, Tron Blockchain has its cryptocurrency, the Tron Token (TRX), which plays a crucial role in the Tron ecosystem, enabling various functionalities and interactions within the network. Let’s dive into the details to understand it better.
What is TRX in Tron Blockchain?
Source: decrypt.co
TRX (Tronix) is the primary cryptocurrency used on the Tron Blockchain. It was created to serve as a medium of exchange within the Tron ecosystem, facilitating transactions, incentivizing network participants, and powering various decentralized applications (dApps) and services.
Key Functions of TRX in Tron Blockchain:
1. Medium of Exchange:
TRX is used for transactions within the Tron Blockchain ecosystem. Whether you’re paying for digital content, participating in decentralized finance (DeFi) platforms, or trading assets on decentralized exchanges (DEXs), TRX acts as the primary currency.
2. Staking and Delegation:
Tron Blockchain operates on a Delegated Proof of Stake (DPoS) consensus mechanism (Proof-of-stake is a blockchain consensus mechanism for processing transactions and creating new blocks. A consensus mechanism is a method for validating entries into a distributed database and keeping the database secure). TRX holders can stake their tokens to vote for Super Representatives (validators) who validate transactions and maintain the network. Staking TRX also earns users rewards in the form of additional TRX tokens.
3. Rewarding:
Content creators, developers, and users are rewarded with TRX for their contributions to the Tron Blockchain ecosystem. For example, a content creator might earn TRX for their work, while users who participate in network governance or provide liquidity can also receive TRX as an incentive.
4. Access to dApps:
TRX is used to access and interact with decentralized applications built on the Tron Blockchain. For instance, if you’re using a Tron-based gaming platform or financial service, you’ll typically use TRX to make transactions, pay for services, or participate in governance.
But how will you get the Tron Tokens? Let’s know that.
How to Acquire TRX?
Purchasing on Exchanges:
The most common way to acquire TRX is through cryptocurrency exchanges. TRX is listed on numerous exchanges, including Binance, Huobi, and Bittrex, where you can buy it with fiat currency or other cryptocurrencies like Bitcoin or Ethereum.
Earning Through Staking:
By staking TRX, users can participate in the network’s governance and earn rewards. Staking involves locking up a certain amount of TRX to support the network’s operations and secure its transactions.
Earning Through dApps:
Users can earn TRX by participating in various dApps that reward them for their activities. For example, playing games or providing liquidity on decentralized exchanges might earn you TRX tokens.
Tron Blockchain is expanding the boundaries of what Blockchain technology can achieve. There are many stand-out features of Tron Blockchain to create a truly decentralized internet. Let’s learn about the unique features of Tron Blockchain.
Features of Tron Blockchain:
1. High Throughput and Scalability:
Tron Blockchain can handle around 2,000 transactions per second. It is one of the fastest blockchain networks. This high throughput is crucial for applications that require quick processing of a large number of transactions, such as gaming and content-sharing platforms.
2. Low Transaction Costs:
Tron Blockchain’s network is known for its near-zero transaction fees. This feature is particularly attractive for developers and users who want to build or use decentralized applications (dApps) without worrying about high costs.
3. Proof of Stake (PoS):
Tron Blockchain uses a Delegated Proof of Stake (DPoS) consensus mechanism which is more energy-efficient compared to Bitcoin’s Proof of Work (PoW). In DPoS, TRX holders vote for “Super Representatives” who validate transactions, ensuring the network remains secure and decentralized.
4. BitTorrent Integration:
After acquiring BitTorrent, Tron Blockchain integrated it into its ecosystem, allowing for decentralized file storage and sharing. This makes Tron Blockchain particularly strong in the area of decentralized content distribution, which is not something all blockchains focus on.
5. Smart Contracts and dApps:
Like Ethereum, Tron Blockchain supports smart contracts and dApps. It provides higher efficiency and lower costs. This makes it an attractive alternative for developers looking to build decentralized applications.
Now, let’s dive into some practical use cases of Tron Blockchain, illustrating how these unique features come into play:
Use-Cases of Tron Blockchain:
1. Content Creation and Sharing:
Tron Blockchain was built with the vision of a decentralized internet where content creators can directly interact with their audience without intermediaries.
Example:
Source: blogspot.com
DLive, a live streaming platform, operates on the Tron Blockchain. It allows content creators to earn TRX tokens directly from their viewers, bypassing traditional platforms that take a significant cut of revenue. This model empowers creators by giving them full control over their earnings.
2. Decentralized Finance (DeFi):
Tron Blockchain is actively involved in the DeFi space, offering platforms like JustSwap and JustLend.
Example:
Source: tronspark.com
JustSwap is a decentralized exchange (DEX) on the Tron network, allowing users to swap TRX and TRC20 tokens instantly. JustLend, on the other hand, is a lending platform where users can lend or borrow cryptocurrencies in a decentralized manner. Both of these platforms benefit from Tron’s high throughput and low fees, making transactions quick and cost-effective
3. Gaming:
The gaming industry is another area where Tron Blockchain shines.
Example:
Source: teknatekno.com
WINk, a gaming platform on Tron Blockchain, allows users to play, socialize, and stake assets across multiple blockchain ecosystems. WINk takes advantage of Tron’s scalability and low fees to offer a seamless gaming experience where users can earn TRX and other tokens while playing games.
4. Decentralized Storage:
Through its integration with BitTorrent, Tron Blockchain has entered the decentralized storage space.
Example:
Source: logowik.com
BitTorrent File System (BTFS) allows users to store and share files in a decentralized manner. This system is not only more secure but also more resilient to censorship and data loss. For example, someone could use BTFS to store important documents or media files without relying on centralized cloud storage providers, ensuring their data is always accessible and secure.
5. Social Media:
Tron Blockchain is also making strides in decentralized social media.
Example:
Source: cryptoslate.com
TronChat is an example of a social media platform built on the Tron Blockchain, where users can earn TRX by posting content, participating in discussions, and even messaging others. Unlike traditional social media platforms that monetize user data, TronChat gives users control over their content and data, offering a more privacy-focused and rewarding experience.
However, it is necessary to know how Tron Blockchain works. Let’s break down how Tron Blockchain works step by step.
How Does Tron Blockchain Work?
Step 1: Understanding Bandwidth Points
Tron Blockchain uses something called bandwidth points to measure how much space your transaction takes up. By default, every user gets 600 bandwidth points, which is like having a 600-byte envelope. If your transaction is small and fits within this limit, you’re good to go.
But what if your transaction is larger than 600 bytes? Well, you need more bandwidth points. If you run out, you can either buy more or earn them by staking TRX.
Step 2: Staking TRX and Delegated Proof of Stake (DPoS)
Think of staking as a way to earn rewards and gain influence in the Tron Blockchain network. When you stake TRX, it’s like you’re putting your money in a digital savings account. The more TRX you stake, the more influence you have.
Now, Tron Blockchain uses a consensus protocol called Delegated Proof of Stake (DPoS). This is like a voting system where TRX holders vote for “super representatives” – sort of like elected officials in a local government. These super representatives are responsible for proposing new blocks (think of blocks as new pages in the blockchain’s ledger).
Instead of mining (which involves solving complex puzzles), Tron Blockchain relies on these super reps to keep everything running smoothly. They receive rewards for their work, and they can also distribute some of these rewards to their partners or other candidates who weren’t elected as super representatives.
Step 3: Earning and Spending TRX
Now, suppose people start watching your video and love it. Instead of just “liking” it, they can send you TRX tokens (Tron’s cryptocurrency) as a form of appreciation. These transactions are recorded on the Tron blockchain. So, if someone sends you 10 TRX, the blockchain updates to reflect that transaction—without the need for a bank or payment processor. The best part? The transaction happens almost instantly and with minimal fees.
Step 4: Using Smart Contracts
Now, let’s say you want to sell exclusive content, like a tutorial video, but only want to give access to people who pay a certain amount of TRX. Here’s where smart contracts come in. A smart contract is a self-executing agreement that automatically enforces the terms. You can set up a smart contract on Tron that says, “If someone sends me 20 TRX, they get access to this video.” Once the payment is made, the smart contract will automatically grant access, no questions asked.
Step 5: The Broker Ratio and Reward Distribution
Now, super representatives have a choice. They can set a “broker ratio.” This is like deciding how much of their reward they keep for themselves versus how much they share with their partners. For instance, if a super rep sets a broker ratio of 70%, they keep 70% of the rewards and distribute 30% to their partners.
This broker ratio can influence voting in future elections. If a super rep shares their rewards fairly, they might attract more votes and stay in a good position. If they keep too much for themselves, they might not get as many votes in the next election.
Example in Action
Let’s put this into a real-world example. Suppose Monica wants to send a transaction on the Tron network that’s larger than her 600-bandwidth points limit. She can either buy more points or stake some of her TRX to earn additional points.
Joseph, who has staked a lot of TRX, is a super representative. He helps process transactions and propose new blocks. For his efforts, he earns rewards. Joseph decides to keep 60% of his rewards and share 40% with his partners. His broker ratio is set at 60:40. This sharing helps him build a good reputation and secure votes for the next election, keeping him in a powerful position.
Tron Blockchain offers several key benefits, which make it stand out in the world of decentralized platforms. Let me explain the advantages of Tron Blockchain.
Benefits of Tron Blockchain:
1. High Transaction Speed:
One of the biggest benefits of Tron is its fast transaction speed. While Bitcoin can handle about 7 transactions per second (TPS) and Ethereum around 15-30 TPS, Tron can process up to 2,000 TPS! This means if you’re making transactions, whether it’s transferring tokens, interacting with a dApp, or creating smart contracts, it happens super-fast with Tron.
2. Low Transaction Costs:
The transaction fees are less on Tron Blockchain. Whether you’re sending TRX or using a dApp, the costs are almost negligible compared to other blockchains like Ethereum, which can have high gas fees. This is great for regular users and developers alike who want to avoid spending too much on fees.
3. Scalability:
Tron Blockchain is built to be highly scalable. It can support a large number of users and applications without slowing down or becoming congested. This makes it ideal for running large-scale decentralized applications (dApps) that need to handle many transactions quickly and smoothly.
4. Delegated Proof of Stake (DPoS):
Unlike traditional proof-of-work systems (like Bitcoin’s mining process), Tron Blockchain uses Delegated Proof of Stake (DPoS). This is more efficient, as it doesn’t require massive energy consumption like mining. Plus, users can stake their TRX tokens and vote for Super Representatives, who validate transactions. It’s a more democratic and energy-efficient system.
5. Support for dApps:
Tron Blockchain is particularly strong in supporting decentralized applications (dApps). Developers can easily build and deploy dApps on the Tron network thanks to its high throughput and scalability. Tron Blockchain has a growing ecosystem of dApps in areas like gaming, decentralized finance (DeFi), and content sharing.
6. Rewards:
Tron Blockchain was created to decentralize the entertainment industry. One of its main goals is to give content creators full control over their work and rewards. For instance, creators can publish videos, music, or other digital content directly on Tron without having to share revenue with intermediaries (like YouTube or Spotify). This makes it a great platform for direct content monetization.
7. Staking and Passive Income:
You can also earn passive income through staking on Tron. By locking up your TRX tokens, you can receive rewards over time. This makes Tron not only a platform for developers and businesses but also a way for regular users to earn through staking.
Tron Blockchain’s ecosystem provides a vast dynamic broad range of applications, platforms, and services.
The Ecosystem of Tron Blockchain and dApps:
1. TRX (Tron’s Native Token) in Tron Blockchain:
At the heart of the Tron Blockchain ecosystem is the native token TRX, which powers transactions, smart contracts, and dApps within the network.
2. Decentralized Applications on Tron Blockchain:
Tron Blockchain has a rapidly growing number of dApps across various sectors like gaming, entertainment, and finance. These dApps are designed to give users more control, fewer fees, and faster interactions compared to traditional apps.
Examples of Popular dApps in Tron’s Ecosystem:
JustLend:
A decentralized lending platform where users can lend and borrow TRX and other cryptocurrencies. It’s part of the DeFi sector on Tron, allowing users to earn interest on deposits or borrow at competitive rates without intermediaries.
Sun.io:
A platform that combines yield farming and liquidity mining. It allows users to earn rewards by staking TRX and other tokens. Sun.io focuses on Decentralized Finance (DeFi), giving users more ways to earn returns on their digital assets.
WinkLink:
Tron Blockchain’s decentralized oracle that connects smart contracts with real-world data. Oracles are essential for feeding off-chain data (like weather reports or sports results) into blockchain applications.
BitTorrent (BTT):
This is a big one! BitTorrent is the world’s largest decentralized file-sharing protocol, and it’s integrated into the Tron network. Users can buy, share, and store large files using BTT, BitTorrent’s native token, which is part of the Tron ecosystem. It revolutionizes how users exchange data and media.
WINk:
One of the leading blockchain-based gaming and gambling platforms. WINk lets users play, stake, and earn tokens while offering a decentralized experience for various online games.
JUST Network:
A suite of DeFi products that includes platforms like JustLend (lending), JustSwap (decentralized exchange), and USDJ (a decentralized stablecoin pegged to the US dollar). JUST aims to create a complete decentralized financial ecosystem on Tron.
3. TronLink Wallet:
TronLink is one of the most popular wallets in the Tron Blockchain ecosystem. It allows users to store, send, and receive TRX and other Tron-based tokens. It’s compatible with dApps, so users can interact with different decentralized applications right from the wallet. TronLink is available as a browser extension and mobile app, making it easy to manage your assets on the go.
4. BitTorrent Chain (BTTC):
Tron Blockchain’s ecosystem is designed to be interoperable, meaning it can work with other blockchains. The BitTorrent Chain (BTTC) is Tron’s cross-chain solution, enabling interaction between multiple blockchains like Ethereum and Binance Smart Chain. This makes it easier for users and developers to transfer assets across different blockchains, creating a more connected, decentralized world.
5. Tron DeFi (Decentralized Finance):
Tron has a thriving DeFi ecosystem, offering a wide range of decentralized financial services. You can lend and borrow assets on platforms like JustLend, and trade tokens in a decentralized way using JustSwap, Tron’s version of a decentralized exchange (DEX). These DeFi tools allow users to manage their finances without needing a bank or any central authority, providing more control and lower fees.
6. Entertainment on Tron:
Since Tron Blockchain was initially created to decentralize the entertainment industry, it’s no surprise that a large part of its ecosystem focuses on entertainment.
Example:
BitTorrent allows decentralized file-sharing, giving users control over how they share media and data.
Audius is a decentralized music streaming platform built on Tron, where artists can upload music, and fans can listen to it without the need for middlemen like Spotify.
Future of Tron Blockchain:
The future of Tron Blockchain looks promising, but like any cryptocurrency, it’s hard to predict exactly what will happen. Tron has been handed over to a decentralized autonomous organization (DAO), known as Tron DAO, which is actively involved in promoting the blockchain. They even sponsor events like HackaTron to encourage developers to build new dApps. Since 2022, Tron’s token, TRX, has been steadily climbing in market value, and with Google Cloud joining as a “super representative” in May 2024, Tron Blockchain has gained even more credibility. As long as there’s community support, developer interest, and strong backing, Tron Blockchain is likely to stay relevant in the blockchain world.
Tron Blockchain is making its mark with fast transactions, low fees, and a growing ecosystem of dApps. It’s designed to give power back to users and developers, with partnerships like Google Cloud joining the rank. The future of Tron Blockchain looks exciting. But what do you think? Could Tron be the blockchain that leads the next wave of innovation, or do you see other platforms taking the spotlight?
I’d love to hear your thoughts! Feel free to share your opinions and ideas in the comments. And if you want to stay updated on the latest trends in Web3 and beyond, don’t forget to subscribe to our newsletter for all the latest updates. Let’s keep the conversation going!
Renowned as the pinnacle of the fashion world, Paris Fashion Week is the premier stage for unveiling haute couture collections. With a history of hosting fashion shows since 1945, the concept of fashion weeks officially began in 1973. Top designers present their upcoming collections with runway shows and presentations, connecting the audience to a rich fashion heritage. The four most important Fashion Weeks occur in New York, London, Milan, and Paris. Paris is the only city that holds a Haute Couture Fashion Week. An interesting fact is that in France, the term “haute couture” is a legally protected trademark that can only be used by the Ministry of Industry under the tight norms and regulations established by La Chambre Syndicale de la Haute Couture de Paris! It describes high-end, custom-made fashion which is known for its exceptional craftsmanship and luxurious materials.
When?
Paris Fashion Week, Spring-Summer 2025 – Sep 23-Oct 1st, 2024
Paris Fashion Week Men’s fall-winter 2025: – Jan 21-26, 2025
Paris Haute Couture: Jan 27-30, 2025
Paris Fashion Week fall-winter 2025 – Mar 3-11, 2025
Paris Fashion Week Men’s spring-summer 2026: Jan 24-29, 2025
Paris haute couture: Jul 7 – 10, 2025
Paris Fashion Week spring-summer 2026: Sep 29 – Oct 7, 2025
In 2024, multiple fashion magazines highlighted Louis Vuitton, Dior, Gucci, Balenciaga, Loewe and Chanel as the most remarkable brands in the shows.
I love saving cash, who doesn’t? From high-quality handles with three-bladed razors that attach to a sturdy handle to body shaving products that are lightweight and easy to carry, Dollar Shave Club has made a name for itself with top-notch products at a discount. Personally, I love how their razors last for so long, which saves me cash and space in my bag since I do not have to carry extra razors on a month-long trip. The body wash smells really nice, almost like a cologne. I wonder if the antiperspirant and the line’s own cologne are just as appealing. There is even a groin spray that frequent travelers could really appreciate after a long day of travel.
If you’re like me, I run hot. The Twillory AIR Suit has breathable fabric in the jacket and in the pants that allows air to flow through making you feel comfortable and refreshed. I use the jacket for formal and informal situations. My go-to look is wearing the blazer with a pair of jeans creating a relaxed, business-casual look. International travelers know all too well that air conditioning is not appreciated overseas the same way it is in the U.S. This blazer, and now the full suit, have been a lifesaver when I do business in parts of Europe, Africa and Asia where air conditioning is not the same. The number of compliments I get for the stretchy fabric and color is the icing on the cake. it is also machine-washable and has zippered pockets for important items.
The brand famous for its outerwear also has exceptional eyewear too. Its polarized sunglasses will protect your eyes and face whether you’re at the beach, fishing on the coast or exploring the starting snowfall of the slopes (it also has its own line of goggles, too). They come in a variety of styles and price points for the active traveler, but all with the quality for which Columbia is known. I especially like this tortoise shell pattern.
If you have ever been in a hotel or airport lounge with limited access to power outlets, you will really appreciate the TESSAN power strip and wall plug. They both help to save space by requiring only one outlet, but then diverting that energy to numerous ports for you to plug in standard and USB devices to charge simultaneously. The power strip is a great item to use at home, too, since it can be tucked discreetly behind a piece of furniture while you keep all of your devices plugged into one place.
I like the wall outlet multi-plug adapter because it means I do not have to worry about anyone tripping over my power strip cord. Both are essential items for frequent travelers, but also make a great holiday gift back home.
Earlier this summer, Liquid I.V.® wanted to celebrate the season with iconic flavors that recall special memories from childhood like Popsicle® Firecracker Hydration Multiplier with hints of citrus-fueled lemon lime, tart cherry and raspberry, just like those chilly treats. Sugar-free Rainbow Sherbet has flavors of raspberry, tangy orange and zesty lime. Add these powders to a bottle of water to hydrate the body faster than a normal glass of water. These are great for frequent travelers, flight crew and kids who spend a lot of time after school sweating at sports practice.
New for fall is the launch of Hydration Multiplier® +Energy Blackberry Peach hydration packets. These include approximately 100mg of natural caffeine. That’s the same as a couple of cups of coffee. This makes it the perfect morning hydration tool since it has caffeine and three times the electrolytes of other sports drinks. It is great for frequent travelers, especially those that cross various time zones and are fighting jet lag.
