{"id":714,"date":"2022-12-21T15:57:48","date_gmt":"2022-12-21T15:57:48","guid":{"rendered":"http:\/\/78.47.81.216\/?p=714"},"modified":"2023-02-28T14:26:55","modified_gmt":"2023-02-28T14:26:55","slug":"what-is-nft-artwork-how-it-shapes-web-3","status":"publish","type":"post","link":"https:\/\/blog.ag.qubiq.cc\/?p=714","title":{"rendered":"What is NFT artwork &amp; how it shapes WEB 3?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/12\/What-is-NFT-artwork-how-does-it-shape-Web3_-1024x576.jpg\" alt=\"\" class=\"wp-image-715\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/What-is-NFT-artwork-how-does-it-shape-Web3_-1024x576.jpg 1024w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/What-is-NFT-artwork-how-does-it-shape-Web3_-300x169.jpg 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/What-is-NFT-artwork-how-does-it-shape-Web3_-768x432.jpg 768w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/What-is-NFT-artwork-how-does-it-shape-Web3_.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The world of digital art is changing rapidly. Remember when people admired Mona Lisa or Black Square? Now they have been replaced by cartoon pictures of cats, robots, and aliens. Do you know what we&#8217;re talking about? NFTs, of course.<\/p>\n\n\n\n<p>NFTs became popular last year, but the first steps towards their creation were taken back in 2011. One of the first NFT projects can be considered ASCII Len \/ ASCII Bernanke. Not many people know about it, so mentions can be found on specialized crypto sites. Let&#8217;s understand what non-fungible token means for digital artists and others. If you want to learn even more about NFTs &#8211; check out <a href=\"https:\/\/blog.alphaguilty.io\/ultimate-nft-guide-all-you-need-to-know-about-nft\">this ultimate guide<\/a> to them by our CEO, Mykhailo Sitalo!<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"747\" height=\"749\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/12\/image-8.png\" alt=\"\" class=\"wp-image-717\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-8.png 747w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-8-300x300.png 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-8-150x150.png 150w\" sizes=\"auto, (max-width: 747px) 100vw, 747px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">What is the technology behind NFT artworks?<\/h2>\n\n\n\n<p>Let&#8217;s start with the basic concepts. NFTs, or non-fungible tokens, are digital data stored on a blockchain. Not too clear, is it? To simplify, a non-fungible token is one whose monetary equivalent does not equal its value. A simple example would be the book Lord of the Rings, which has a price of $50. The same book, but autographed by Tolkien, would cost $300. The same principle applies to this type of digital art, which has become popular. We can conclude that this is the difference between NFTs and cryptocurrencies with fiat money. The second and third are interchangeable, but such tokens are not.<\/p>\n\n\n\n<p>As we said, NFTs are stored on a blockchain. Everyone who is even slightly connected with the crypto sphere knows about blockchain. It can be defined as a decentralized digital ledger that tracks transactions. It is on the blockchain used to support cryptocurrencies like Ethereum.&nbsp;<\/p>\n\n\n\n<p>The controversy surrounding the NFT marketplace is still going on. Technically, NFTs are just a unit of data in a blockchain. Many skeptics believe that paying huge sums of money for digital art that cannot even be touched is great folly. Fans, on the other hand, are convinced that NFT art is the engine of progress. After all, it&#8217;s something completely new. It&#8217;s up to you to decide who is right. One thing we can say for sure: NFTs are tokens that are more and more talked about all over the world.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What do NFTs mean for creators?<\/h2>\n\n\n\n<p>When we talk about physical art, everything is clear. An artist can paint a picture, sell it, or transfer the copyright. When it comes to digital art, in particular blockchain data, things are a bit more complicated. Let&#8217;s break down what value such tokens have for their creators.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A digital artist can gain ownership. Before the advent of cryptocurrencies like Bitcoin or Etherium, people did not have the ability to be full owners of digital things. Yes, users could publish and share digital arts with each other, but they had no rights to them. However, the NFT marketplace has changed things dramatically. Now after the creation of NFTs, tokens are being minted on the blockchain. This means that all paths will lead to the artist, which means that he will be able to verify his authorship. There is one nuance, though. Although minting tokens allows you to get copyright, this path has never been tried in court.<\/li>\n\n\n\n<li>New income opportunities. The fact is that thanks to the NFT marketplace, designers can now monetize their work. It also removes from them the difficulty of communicating with clients. Now you can just create NFT art and not change it because that&#8217;s what the client wants.<\/li>\n\n\n\n<li>Globalization. Until NFTs artworks existed, artists had to draw pictures and then find galleries to send them to for exhibition. Selling was also difficult because art connoisseurs rarely paid attention to new names. It&#8217;s different now. Digital tokens make it possible to move to the Internet, which means a larger audience. What&#8217;s more, now anyone with a PC can make their own artworks. And it doesn&#8217;t depend on what kind of non-fungible token you get. Note that the pixel video Nyan Cat is worth almost $600,000! There are many galleries where you can see examples of digital art: Voxels, Async, KnownOrigin, Sotheby&#8217;s, and many others.<\/li>\n<\/ul>\n\n\n\n<p>As a separate point, we would like to highlight the large ecological footprint that the NFT market and cryptocurrencies in general bring. As an example, we can cite the story of the French artist Joanie Lemercier. He managed to sell his non-fungible token in just 10 seconds, and of course, he earned more than a thousand dollars. Sounds exciting, doesn&#8217;t it? We agree, except that there is one caveat. It turns out that the transaction to buy this artwork would be more energy-intensive than his art and design studio&#8217;s energy consumption for a whole two years!<\/p>\n\n\n\n<p>Well, although transactions with such tokens are energy-intensive, we can&#8217;t help but note that energy is also needed for mining digital currencies, for example. The more powerful a computer is, the more electricity it consumes. Now green energy is developing, but as long as users continue to mine tokens, high energy costs will be unavoidable not only for them but also for those who create NFTs.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/12\/image-7-1024x571.png\" alt=\"\" class=\"wp-image-716\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-7-1024x571.png 1024w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-7-300x167.png 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-7-768x428.png 768w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/12\/image-7.png 1335w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">How do artists price NFTs?<\/h2>\n\n\n\n<p>It is not enough to <a href=\"https:\/\/blog.alphaguilty.io\/how-to-create-an-nft-easy-to-learn-guide\">create an NFT<\/a>. It has to be priced correctly as well, otherwise, there is a risk of not reaching the maximum ceiling or, conversely, not finding clients. When an artist or designer gets into the NFT space they are often faced with a problem regarding token valuation. Of course, it all depends on their internal perception, but most follow trends. In addition, it is worth remembering that the <a href=\"https:\/\/blog.alphaguilty.io\/how-much-does-it-cost-to-create-an-nft\">price of NFT<\/a>s will rise and fall depending on the Etherium because they are sold exactly on its basis.<\/p>\n\n\n\n<p>In order to understand how much a work is worth, an artist can look at similar digital art objects at:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>app.foundation;<\/li>\n\n\n\n<li>rarible;<\/li>\n\n\n\n<li>opensea.<\/li>\n<\/ul>\n\n\n\n<p>And these are just a few examples! Look for the right sites and you can get the best price.<\/p>\n\n\n\n<p>In order to increase the audience and raise their interest, the creators conduct NFT drops. You need to perform some simple actions (for example, subscribe to the social network profile or make a repost), and then you have a chance to get NFTs for free. By the way, many blockchain projects hold drops as well. Detailed information about the sites where this happens can be found on the Internet.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Does the NFT art industry have longevity?<\/h2>\n\n\n\n<p>We can&#8217;t say that with a hundred percent certainty. Yes, the NFT stands still at the top of the list for many investors, but in April 2022 prices collapsed sharply by as much as 70%. However, there is no need to get upset. NFT collections are still trending, and we doubt they will hit bottom anytime soon.&nbsp; Pessimists predict that interest will fade over time. The optimists, on the contrary, claim that the artistic meta-universe will reach a new level, and the development will be even faster than before.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NFT art is changing the traditional art world. What do you know about this token? How does it affect art? Read all about non-fungible tokens in this article from the experts!<\/p>\n","protected":false},"author":7,"featured_media":715,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[40,38,39,46],"authors":[37],"class_list":["post-714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","tag-alphaguilty","tag-education","tag-nft","tag-web3","authors-alphaguilty"],"acf":{"reading_time":""},"author-name":"AG Content Manager","suggested-articles":[{"ID":607,"post_author":"7","post_date":"2022-12-01 15:59:07","post_date_gmt":"2022-12-01 15:59:07","post_content":"<!-- wp:image {\"id\":608,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/12\/Case_Study_How_did_Elon_Musk_become_the_biggest_crypto_influencer-1024x576.jpg\" alt=\"\" class=\"wp-image-608\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>Elon Musk, who is running Tesla, SpaceX, and Twitter from recently, is often stirring up the crypto industry with his witty tweets. There\u2019s even a proverb: \u201cWhen Musk speaks, Bitcoin investors listen\u201d.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>But how did he become so influential in the world of crypto? Let's find it out.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Musk and crypto: history of relationship<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The billionaire\u2019s attitude towards cryptocurrencies has been changing for years. First he liked them, then he turned more sceptical, claiming they were bad for the environment. But one thing is clear: Musk considers crypto\u2019s cornerstone technology, blockchain, very important and even looks to deploy it in his businesses.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Musk is known for sharing his ideas via Twitter \u2014 a place where crypto and NFT adepts mostly dwell. Did he buy the platform to be closer to the community, is another conspiracy question.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>He first tweeted about Bitcoin in 2014, mentioning it\u2019s \u201cprobably a good thing\u201d. There were even rumors stating that Musk could be Satoshi Nakamoto, but Elon tweeted: \"Not true. A friend sent me part of a BTC a few years ago, but I don't know where it is.\"<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It\u2019s not known for sure how much Musk holds in crypto, but the billionaire himself mentioned that he owns a small amount of BTC, ETH and DOGE.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>The Musk effect<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The <a href=\"https:\/\/blog.alphaguilty.io\/how-to-invest-in-the-crypto-bear-market\">crypto market<\/a> seems to react to each tweet Musk posts about crypto. According to a report by CoinSwitch Kuber, posts by Elon are usually followed by a surge in trade volumes.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This is what often happens to the most famous meme coin DOGE, which enjoys a special love by Musk. For example, this short 3-word tweet once made DOGE\u2019s price skyrocket:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\u201cOne word: Doge\u201d (<a href=\"https:\/\/twitter.com\/elonmusk\/status\/1340590280848908288?s=20&amp;t=h8t_izH3yrueZrBgIMJX4A\">https:\/\/twitter.com\/elonmusk\/status\/1340590280848908288?s=20&amp;t=h8t_izH3yrueZrBgIMJX4A<\/a>)<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Yes, soon after the tweet, the average trading volume of the coin jumped from $1,942 per minute to around $299,330 per minute. Some other market-rocking tweets included ideas of Tesla and McDonald\u2019s accepting DOGE as payments, and of sending DOGE literally to the moon.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Interestingly, Musk never tweets with crypto price predictions or analytics. He just shares his vibe, and it makes traders go and buy coins in a frenzy.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Why do his tweets matter?<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>With nearly 120M followers on Twitter, Elon is a highly active media persona who likes to keep up with trends, including <a href=\"https:\/\/blog.alphaguilty.io\/how-to-stake-crypto\">crypto trends<\/a>. All we tend to listen to popular guys, taking their advice.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>What adds him credibility in this industry is, probably, his great tech expertise and billions of dollars in the bank. People think of Musk as a person who knows a lot about technology and lucrative investments. Cryptocurrencies involve both of these aspects.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In terms of real crypto analytics, usually provided by key experts like Binance\u2019s CZ or Vitalik Buterin, Musk\u2019s tweets contain literally no value but just his personal thoughts about certain coins. So, what makes people follow his ideas is just a phenomenon, possibly a cult of personality.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Crypto trends and Musk<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The <a href=\"https:\/\/blog.alphaguilty.io\/how-to-build-an-nft-community\">crypto community<\/a> within Twitter produces tons of memes and trends involving Elon. Many projects, as well, are trying to hype on Musk\u2019s persona for their promo campaigns.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And he seems to be very pleased with all this.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>One of the latest Twitter trends is called #ElonGoat and based around a weird news. The creators of Elon Goat Token (EGT) made a bizarre statue of Musk with a body of a goat, and delivered it right to Tesla headquarters. Elon himself has not commented on this story yet, however, EGT\u2019s price felt a significant rise after the incident became publicly known.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Instead of conclusion<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Though Elon Musk is not famous for his large crypto-related investments or projects, his words do matter for the <a href=\"https:\/\/blog.alphaguilty.io\/how-to-build-an-nft-community\">crypto community<\/a> for some personal reasons. And there\u2019s nothing bad in this until the day when the Twitter, Tesla and SpaceX owner decides to crash the market. Hopefully, not.<\/p>\n<!-- \/wp:paragraph -->","post_title":"Case Study: How did Elon Musk become one of the biggest crypto influencers?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"case-study-how-did-elon-musk-become-one-of-the-biggest-crypto-influencers","to_ping":"","pinged":"","post_modified":"2023-02-28 14:41:52","post_modified_gmt":"2023-02-28 14:41:52","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=607","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":472,"post_author":"7","post_date":"2022-11-17 16:41:23","post_date_gmt":"2022-11-17 16:41:23","post_content":"<!-- wp:image {\"id\":473,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/11\/Screenshot-2022-11-17-at-17.39.04-1024x477.png\" alt=\"\" class=\"wp-image-473\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"c59f\"><em>Tired of whitelists and lotteries?\u2026<\/em><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"02f1\"><em>Looking for a better investment opportunity?\u2026<\/em><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"c1a5\"><em>Wishing to become a real part of a community-driven product?\u2026<\/em><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"78cb\">Welcome aboard on AlphaQuest \u2014 a quest program by AlphaGuilty. Designed for the community members and everyone who is ready to contribute to a rewarding ecosystem. Let\u2019s get started!<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"1221\"><strong>What is this feature about?<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"a204\">AlphaQuest is a core feature of our community and social hub. This unique attribute allows AlphaGuilty users to become a real part of our product, helping our ecosystem grow better, stronger and improve each day.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"f782\">Our main mission is to create a community-driven product, where each member is equally engaged in the project\u2019s development, and strongly believes in the future of new-wave launchpads like Alpha Guilty.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"1a73\"><strong>Benefits of AlphaQuest<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"f1a2\"><em>Easier investment<\/em><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"6078\">The membership in the quest program makes it easier to invest in projects under AlphaGuilty\u2019s management. In such a way, more promising NFT and P2E projects become available to most of the crypto enthusiasts.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"fd97\"><em>Rewards system<\/em><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"4d2d\">Members of AlphaQuest earn rewards (points) by completing various tasks and quests. The more points gained, the higher is the member\u2019s level and the wider range of benefits acquired. Points can be exchanged for tokens.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"b58b\"><em>Fair allocation<\/em><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"b168\">Alpha Guilty represents a fair launchpad, where no lotteries or whitelists are needed to participate in a crypto project. Your allocation depends strongly on your ambition and motivation!<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"2cb7\"><em>And even more benefits are inside!<\/em><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"c02d\"><strong>Program\u2019s functionality<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"a420\">AlphaQuest is a genuine ecosystem with many interconnected elements, which serve as an infrastructure for the members\u2019 development.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"05e1\"><em>It includes:<\/em><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"c7fd\"><strong>Rewards<\/strong>&nbsp;\u2014 earn points and exchange them for tokens.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"4d80\"><strong>Leaderboards&nbsp;<\/strong>\u2014 compete with other members for allocation.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"f80b\"><strong>Guilds&nbsp;<\/strong>\u2014 join like-minded people and develop your favorite projects together.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"dd46\"><strong>Users Tasks<\/strong>&nbsp;\u2014 complete them and progress in the leaderboard.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"5fbe\"><strong>Daily &amp; weekly quests<\/strong>&nbsp;\u2014 you will never get bored!<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"efdc\"><strong>Tiers&nbsp;<\/strong>\u2014 upgrade your tier while staking on our platform and with our partners.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"9c78\"><strong>Staking<\/strong>&nbsp;\u2014 stake your tokens to receive more rewards.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"8f32\"><strong>Alpha Academy&nbsp;<\/strong>\u2014 learn, contribute &amp; become a premium member.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"1470\"><strong>Levels&nbsp;<\/strong>\u2014 boost your level to become a premium member and get more benefits.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"95d7\"><strong>The tasks of AlphaQuest<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"a731\">Let\u2019s have a deeper look at the tasks, which let users progress as AlphaQuest members. Each task has its own difficulty and reward.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Visit our website for the first time to become Little Alpha \u2014 10 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Say a word: mention AlphaGuilty on your Twitter \u2014 15 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Have a lot of followers? Gain retweets on your AG post for a higher reward \u2014 15 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Refer a friend to AlphaQuest to share great things together \u2014 20 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Level up in Discord to become a Discord Ape \u2014 20 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Complete a daily quest \u2014 20 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Complete a weekly quest \u2014 100 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Earn even more by staking your tokens within AlphaQuest (depending on the timeline: 7, 15, 30, 60, 90 days) \u2014 50\u2013500 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Quest streak: Prove you are a professional challenger by completing several quests in a row \u2014 50\u2013200 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Become \u2018guilded\u2019: join a guild of like-minded Alphas \u2014 50 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Go beyond and become a guild master \u2014 150 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Want to be a real product builder? Suggest some features to be implemented in AlphaGuilty\u2019s products \u2014 200 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Creator\u2019s achievement: design and submit your own NFT to our launchpad \u2014 200 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Can\u2019t miss a promising project? Join one or more presales within AlphaGuilty and get the Investor achievement \u2014 100\u20131000 points;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Make your way to science with! Become Alpha\u2019s Scholar by suggesting new material for Alpha Academy \u2014 100\u20131000 points.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p id=\"0499\"><strong>AlphaGuilty quests<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"f9da\">Each day and week we prepare a series of interesting and engaging challenges for the program members. Quests vary from very simple to quite challenging. You may have already seen some of them within AlphaGuilty community, and now we offer you to solve them for a greater reward!<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"6596\"><em>Interactive games:<\/em><br>\u2014 Solve a riddle which AlphaGuilty team creates specially for program members<br>\u2014 Play hide &amp; seek game for the most skilled loyals<br>\u2014 Answer the question about crypto\/NFT\/metaverse (easy with Alpha Academy!)<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"4573\"><em>Learning:<\/em><br>\u2014 Watch a special Adrian\u2019s video we will provide you with<br>\u2014 Read a particular article on Alpha Academy we will offer to your attention<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"0a5f\">Business:<br>\u2014 Get familiar with our partners\u2019 social media or websites<br>\u2014 Insider: send us a new interesting crypto or NFT project. We care about your point of view!<br>\u2014 Influencer: tag or tell about us on any social media, in related public, or private channels. Your voice matters!<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"a987\"><em>Creativity and development:<\/em><br>\u2014 Artist: create your own NFT. Contribute us while filling your portfolio!<br>\u2014 Business dev: you can propose to us companies we can partner with.<br>\u2014 Designer: feel free to send us creatives for new marketing campaigns.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"089f\">Summing it all up<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"4893\">AlphaQuest is a unique opportunity to experience real project development and become privileged community members. The program members get far more rewards and benefits from AlphaGuilty, while adding value to your favorite launchpad with use and fun.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"d673\">Join AlphaQuest today and be the first to feel all the advantages of the program!<\/p>\n<!-- \/wp:paragraph -->","post_title":"Introducing AlphaQuest program","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"introducing-alphaloyalty-program","to_ping":"","pinged":"","post_modified":"2023-02-02 10:43:54","post_modified_gmt":"2023-02-02 10:43:54","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=472","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":978,"post_author":"7","post_date":"2023-02-24 13:57:45","post_date_gmt":"2023-02-24 13:57:45","post_content":"<!-- wp:image {\"id\":979,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/02\/How-to-Create-an-Efficient-Cryptocurrency-Exchange-in-2023-1024x576.jpg\" alt=\"\" class=\"wp-image-979\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>The phenomenon of cryptocurrencies is increasingly capturing the minds of ambitious people worldwide. The most massive surge of interest in new world money occurred two years ago when the price of Bitcoin skyrocketed. It attracted hundreds of thousands of people who saw an opportunity to <strong>trade and make <\/strong>money here and now. So, <strong>exchange development<\/strong> and the creation of <strong>cryptocurrency exchanges<\/strong> are also becoming increasingly popular, allowing users to <strong>trade <\/strong>and earn on their virtual currencies.In this article, we will give you the basics of how to <strong>make your crypto exchange<\/strong>. If you are on the topic, you will be at the TOP! Roll up your sleeves and get to work on the <strong>exchange development<\/strong>!<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":980,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/02\/coins-1024x682.png\" alt=\"\" class=\"wp-image-980\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:heading -->\n<h2><strong>Type of crypto exchange<\/strong>: the first thing to decide<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There is no need to delay! You are about to <strong>build a cryptocurrency exchange<\/strong>. First of all, you need to choose the type of <strong>exchange service<\/strong>. There are CEX, DEX, and hybrid <strong>trade <\/strong>platforms. Let's take a closer look.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>CEX vs DEX: the key differences between <strong>cryptocurrency exchange platforms<\/strong><\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>CEX is a centralized <strong>trade <\/strong>and <strong>exchange platform<\/strong>, and DEX, respectively, is decentralized. CEX allows bidders to operate not only with virtual money but also with regular dollars or any other \"classic\" currency. At the same time, depositors' money is stored on the <strong>platform's <\/strong>servers. All transactions take place there, which <strong>makes <\/strong>them faster compared to transactions on the DEX.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It is clear that the <strong>crypto exchange platform<\/strong>, in such a case, is responsible for the users' assets. However, this is precisely the weakness of centralized exchanges: their <strong>codes <\/strong>can be hacked. Therefore, you will have to ensure all possible security measures!<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>With the DEX <strong>exchange platform<\/strong>, it's the other way around. This <strong>trading <\/strong>system works on the <strong>Blockchain <\/strong>and the principle of smart contracts, which ensures maximum security of depositors' assets, as they are stored in their personal wallets and transferred directly from user to user.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, the DEX<strong> exchange platform<\/strong> does not allow fiat money to be <strong>traded<\/strong>. Also, the speed of transactions is limited by the <strong>Blockchain<\/strong>, and such <strong>cryptocurrency exchanges<\/strong> do not have their own support service, which can be a problem for beginners. In addition, there is a less favorable <strong>exchange rate<\/strong>.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3>What is a hybrid <strong>crypto exchange<\/strong>?<\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A feature of hybrid<strong> crypto exchange platforms <\/strong>is that the history of <strong>Blockchain <\/strong>transfers is stored in the chain, but the transactions themselves are processed on the server. This increases the speed of <strong>trade <\/strong>operations and minimizes risks. Hybrid <strong>trade platforms <\/strong>are a relatively new phenomenon. One example is the Legolas <strong>Blockchain exchange platform<\/strong>.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":981,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/02\/laptop-pic-1024x682.png\" alt=\"\" class=\"wp-image-981\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:heading -->\n<h2>Choose the <strong>exchange software<\/strong> for the <strong>crypto exchange platform<\/strong><\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It <strong>makes <\/strong>no sense to dwell on this issue for a long time since, to talk about <strong>crypto exchange development<\/strong> software in detail, you will need to write a separate article (perhaps we will do this soon). However, here we cannot fail to mention the importance of <strong>Blockchain exchange service<\/strong>. This will ensure your business's viability and efficiency if you want to create your own <strong>crypto exchange<\/strong>.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Pay attention to the engine and interface \u2014 this is the yin and yang of your Blockchain product (in fact, your <strong>trade platform <\/strong>is a kind of product for users). Also, configure the system admin panel when <strong>making your crypto exchange<\/strong>. This will help you manage the exchange effectively. Do not skimp on finalizing the software <strong>code <\/strong>to suit your needs because the more carefully you approach the process of <strong>crypto exchange development<\/strong>, the more profit you will get.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Of course, you can create your own <strong>Blockchain cryptocurrency exchange<\/strong> and <strong>trade <\/strong>software from <strong>scratch code<\/strong>. But <strong>scratch <\/strong>is very costly, not only in terms of money but also in terms of time.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Choice of liquidity provider for a <strong>crypto exchange platform<\/strong>&nbsp;<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A liquidity provider is a financial institution that performs intermediary functions in making <strong>trade <\/strong>transactions using various financial instruments for <strong>exchange platforms<\/strong>. It acquires many specific financial instruments and then scatters them on brokers. The latter, in turn, opens direct access to them for <strong>traders <\/strong>and investors.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you decide to start your own <strong>Bitcoin exchange<\/strong> and <strong>trading <\/strong>solution, we recommend that you study the offers of different providers of <strong>cryptocurrency exchange<\/strong> very carefully. Pay attention to the following:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>the legality of the partner's activities;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>deadlines for the execution of contracts on a <strong>crypto exchange platform<\/strong>;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>availability of a support team;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>software used by the partner;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>spreads.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:heading -->\n<h2>Connect a payment aggregator to your <strong>crypto exchange<\/strong><\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This will allow you to <strong>build <\/strong>an <strong>exchange platform<\/strong> for users with the ability to <strong>make <\/strong>payments. Different companies offer different terms of cooperation and have further technical potential, so the choice should also be approached wisely, having previously studied the market. <strong>Create a cryptocurrency exchange<\/strong> mindfully!<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Some extras for creating a <strong>cryptocurrency exchange<\/strong><\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>There are also a few evident at first glance things that, nevertheless, should be mentioned separately.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list {\"ordered\":true} -->\n<ol><!-- wp:list-item -->\n<li>Carefully study the legal grounds of the state where you will deploy your <strong>Bitcoin exchange<\/strong>. Some countries generally prohibit the <strong>building <\/strong>of crypto exchanges, so you need to check the legislation well.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Whether you choose to <strong>build <\/strong>on the CEX or DEX <strong>cryptocurrency exchange<\/strong>, you always need to be vigilant and take care of the safety of your users. Unfortunately, even though the virtual currency is becoming increasingly popular, many are still wary of this kind of activity. Keep this in mind when you<strong> create a crypto exchange<\/strong>.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Test, test, and test again when you <strong>build a cryptocurrency exchange<\/strong>! You must wait to launch your <strong>cryptocurrency exchange<\/strong> <strong>platform <\/strong>before you are sure your solution works as it should and that depositors' assets are safe under any circumstances. Otherwise, you simply risk losing the trust of users after you <strong>created a cryptocurrency exchange<\/strong>.<\/li>\n<!-- \/wp:list-item --><\/ol>\n<!-- \/wp:list -->\n\n<!-- wp:heading -->\n<h2>How much does it cost to <strong>build <\/strong>your <strong>exchange platform<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The minimum amount is $50,000. Depending on other factors, the price of creating an <strong>exchange platform<\/strong> can be as high as $100,000.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>These are approximate figures and can be calculated by taking into account important aspects such as maintenance costs, server costs and the volume of crypto you want to integrate.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For instance, the price of software with basic features, technical capabilities and security integrations will range from $8500 to $25000, but it will vary slightly from client to client depending on their business requirements and location. You can also check the price list of various companies that offer crypto exchanger development services to confirm for yourself these figures.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Keep in mind that to develop a cryptocurrency exchange you need to have a team of experienced specialists, this also affects the price of developing a cryptocurrency exchange.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Final words about<strong> exchange platforms<\/strong><\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>So, the conclusion is that to develop your crypto <strong>exchange platform<\/strong> successfully, you must:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>clearly understand the advantages and disadvantages of the system you are using;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>carefully work out your <strong>cryptocurrency exchange<\/strong> software;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>ensure the reliability of the liquidity provider and payment aggregator when you <strong>build a cryptocurrency exchange<\/strong>;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>take care of the security and usability of the <strong>crypto exchange<\/strong> <strong>platform<\/strong>;<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>settle all the subtleties of the legislation before you start to <strong>build <\/strong>it.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>By following these simple tips, you can successfully <strong>build <\/strong>your <strong>cryptocurrency exchange<\/strong> and achieve success in <strong>creating a crypto exchange<\/strong>. Good luck!<\/p>\n<!-- \/wp:paragraph -->","post_title":"How to Create an Efficient Cryptocurrency Exchange in 2023","post_excerpt":"Explore the opportunity to build your crypto platform to earn money here and now! 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