- browser tokens, when will they become of value and how?
They are already, so more some less. Always keep in mind, in crypto usage and monetization, we are still at the very beginning, even if it might feel like forever, lol, depends how long you are already into this field.
There are some, like Brave with BAT, which is a pretty common token, also used to be held in smart contracts and most of all to keep the stable coin DAI alive.
BAT is also pretty easy to trade on a lot crypto exchanges.
Then I tested the Netbox browser, with its own token NBX, the browser itself has a swap and staking feature. But I experienced a heavy CPU load while using it. It all comes with a price, where you have to decide if its worth.
NBX is not so popular on the big exchanges.
- do we need for every shit a token?
Well, yes and no, we don’t need every token, or not even every coin, on ALL exchanges. If the 24h turnover per exchange is too low, it will only hurt the popularity. Think about it, would you put much research into a coin or token you see on Binance with only 3 trades of like 10$ per day? Naw, I don’t think so.
Tokens are used mostly for smart contracts and that’s a whole other story. There could be done a lot and a lot will happen. Like I said, it’s a brand new field which has to grow, even by failing and retry.
- NFT (none fungible token) , even worse?
First I thought, wth, worst tulip ever. Just about like everything you don’t understand and get only small, even false, information.
Then I did put a few hours researching, reading and testing into it… and I have to say, a brand new way for collectors of (well anything but mostly) digital art.
The blockchain games are like PONG from the 80s, but they have a huge potential.
Most misunderstanding: The game itself is NOT on the blockchain, also not the NFT.
So, what is? Just the HASH.
Whut? LOL
Lets say it easy, it’s kind of the secret pointer, address, code to your asset, only you will have it.
The NFT asset itself — which could be anything a plain picture, a 3D scan of a sculpture, a complete virtual reality complex design, or even the “right” on an item in the REAL world — is stored on the web, a vault, or even museum — yes, you can by “shares” or the whole piece of real art.
The interesting thing is also, until now if a artist sells a painting (for instance) he will only get paid once, at the first deal. If the buyer is going to resell it for 10 times more, they artist gets nothing. Not in the NFT world. Here there is a section in the smart contract, which allows defining the artist a percentage he will get EVERYTIME, the NFT is sold, again and again.
Okay, these were just a few thoughts I had this week living in, with and from the crypto universe. I hope you enjoyed the reading, even if you disagree, at least I made you think about it 😉
stay save and healthy, Dave aka D©evil
