{"id":795,"date":"2023-01-11T13:14:39","date_gmt":"2023-01-11T13:14:39","guid":{"rendered":"http:\/\/78.47.81.216\/?p=795"},"modified":"2023-02-28T14:10:56","modified_gmt":"2023-02-28T14:10:56","slug":"why-do-people-buy-nft","status":"publish","type":"post","link":"https:\/\/blog.ag.qubiq.cc\/?p=795","title":{"rendered":"Why do people buy NFT?"},"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\/2023\/01\/Why-people-buy-NFTs-an-answer-to-the-most-popular-question-1024x576.jpg\" alt=\"\" class=\"wp-image-798\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/01\/Why-people-buy-NFTs-an-answer-to-the-most-popular-question-1024x576.jpg 1024w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/01\/Why-people-buy-NFTs-an-answer-to-the-most-popular-question-300x169.jpg 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/01\/Why-people-buy-NFTs-an-answer-to-the-most-popular-question-768x432.jpg 768w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/01\/Why-people-buy-NFTs-an-answer-to-the-most-popular-question.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>NFTs <\/strong>have become a new tool for digital art buying and selling. Thanks to this technology, it is possible to sell everything from memes and digital art to physical objects and land in virtual space. Every day there are transactions all over the world, and the sums reach millions of dollars. This raises a perfectly logical question: why do <strong>people buy NFT<\/strong>? 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<p class=\"wp-block-paragraph\">The <strong>digital <\/strong>economy is gaining steam and has now completed the transition from ordinary pictures to <strong>digital assets<\/strong> in which you can invest to start actively or passively income. Of course, the <strong>NFT <\/strong>could be that <strong>investment<\/strong>. That&#8217;s why today we&#8217;re going to take a closer look at why <strong>people buy NFTs<\/strong>. This material is more intended for <strong>NFT <\/strong>newcomers, but experienced <strong>crypto <\/strong>enthusiasts will also find useful information here.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"833\" height=\"575\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/image-15.png\" alt=\"\" class=\"wp-image-796\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/01\/image-15.png 833w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/01\/image-15-300x207.png 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/01\/image-15-768x530.png 768w\" sizes=\"auto, (max-width: 833px) 100vw, 833px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The reason for the success of the <strong>NFT<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Why are <strong>people buying NFTs<\/strong>? Cryptocurrencies are interchangeable, all coins are the same and do not differ in any way. NFTs are different from each other, they are unique, so they can represent unique things and confirm the <strong>ownership: artworks, digital images,<\/strong> personal items, the right to real estate, and others.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike the standard model of such databases, there are no central nodes (all devices in the system simultaneously store all the data published in the <strong>blockchain<\/strong>). Many <strong>currencies <\/strong>operate on this principle. <strong>Tokens<\/strong>, in turn, are registered entries within this <strong>blockchain<\/strong>. The distinctive thing is the principle of interchangeability. However, it is clear that not all <strong>digital assets <\/strong>are non-fungible.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That is why the format of non-fungible <strong>tokens <\/strong>with <strong>blockchain <\/strong>technology was created in order to bring unique items here. Each of these tokens is unique and exists in a single instance, it cannot be separated, and all information about its author, buyer, and all operations with it is securely stored in the <strong>blockchain<\/strong>. In other words, an NFT is a <strong>digital <\/strong>certificate attached to a unique object which confirms the <strong>ownership<\/strong>. On this basis, it is clear that such tokens can be a good <strong>investment<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How many <strong>people <\/strong>are <strong>buying NFTs<\/strong>?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Crypto investors<\/strong> are constantly looking for new options to expand their portfolios and <strong>NFT <\/strong>fits perfectly here. Let&#8217;s review now the data analyzed for 2022:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If we look at the statistics, about 360,000 people currently own such tokens.<\/li>\n\n\n\n<li>Each one sells approximately 12,000 NFTs.<\/li>\n\n\n\n<li>Also, it was found that on any given day about 10,000 active wallets and about 6,000 unique buyers interact with <strong>NFT<\/strong>.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This indicates that a significant number of purchases are made for more than one token per day.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is the reason <strong>people are buying NFTs<\/strong>?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The answer to why <strong>people buy NFTs<\/strong> can be found in the technology that supports them. We&#8217;ve already talked about this above. Because NFTs are difficult to copy, they provide a degree of assurance of their value. When a person <strong>buys <\/strong>such a token, he or she is guaranteed sole holding. That&#8217;s why <strong>people want<\/strong> to make such a profitable <strong>investment<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">NFTs are also used as in-game assets. This can be proof of uniqueness and ownership of any in-game item, avatar, or collectible. These tokens are also actively used in the fashion industry, as they can register ownership of physical goods. NFT can act as an electronic ticket to obtain a pass to a certain event. NFTs can take many forms, including virtual clothing fashions that people can use in the digital world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, many of the items invented and sold as NFTs are unusual in their own right. <strong>People spend<\/strong> extra for them because the best artists have minted their exclusive paintings only once as NFTs. Also, <strong>buying <\/strong>an <strong>NFT <\/strong>is a good way to support your favorite artist, creator, or any other author. Finally, in the future, this asset can go up in value and you can sell the NFT to another person for a profit. This is another explanation for why <strong>people buy NFTs<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, why don&#8217;t people just right-click on the picture and save it to their desktop? It&#8217;s free, after all. Yes, it is, but as with other collectors, whether it&#8217;s baseball cards, rare books, or fine art, <strong>buying <\/strong>and having the original is special. This is why <strong>people buy NFTs<\/strong>. In the meantime, collectors and crypto-enthusiasts are making great <strong>investments<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Can anyone make an NFT?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The creation process is very simple, and it&#8217;s really accessible to everyone. Here we need to elaborate a bit more and describe the process:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In order to create an <strong>NFT<\/strong>, you need to log in to an <strong><a href=\"https:\/\/blog.alphaguilty.io\/how-to-create-an-nft-marketplace\">NFT market<\/a><\/strong> (token-selling platform) and upload a file. The process of creating such a token is called minting.<\/li>\n\n\n\n<li>When creating it, most <strong><a href=\"https:\/\/blog.alphaguilty.io\/how-to-create-an-nft-marketplace\">NFT markets<\/a><\/strong> ask if the file that is uploaded is unique (one of a kind), if there are copies of it, and if it is part of any collection.\u00a0<\/li>\n\n\n\n<li>Once you have completed the <strong>NFT <\/strong>creation process, bidding on the platform will begin.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This is why some people try to sell tweets and even colors. Digital artists can build royalties into their NFTs, even for future sales, which is why many artists see promise in NFTs: it can take middlemen out of the market and open up a new way to make money. So, artists, musicians, video makers, and bloggers from the <strong>NFT space<\/strong> can make money without intermediaries, receiving funds directly from the audience.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"858\" height=\"577\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/image-16.png\" alt=\"\" class=\"wp-image-797\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/01\/image-16.png 858w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/01\/image-16-300x202.png 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2023\/01\/image-16-768x516.png 768w\" sizes=\"auto, (max-width: 858px) 100vw, 858px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">What do you get when you <strong>buy <\/strong>an NFT?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Normally an artist would have to go to a broker or dealer to sell their work, but selling an <strong>NFT collection<\/strong> allows for more direct interaction with art enthusiasts and better control over the handling of their creations. It&#8217;s also worth noting that NFTs are inextricably linked to collectibles, which have been a thriving market for generations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>NFT projects<\/strong> are a modern way of exchanging exclusive collectibles, whether <strong>artwork <\/strong>or in-game assets, in a multitude of ways. For a long time, the value of these items was questioned, and many <strong>people <\/strong>were perplexed as to why <strong>buy <\/strong>tokens as well as spent money on real paintings or ancient antiquities.&nbsp;Thus, we gave an answer to the question of why <strong>people buy<\/strong> NFTs. For the art lover or meme fan, these items are of great value and paying for them, whether directly or through <strong>NFT<\/strong>, is a wise <strong>investment<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The reason people buy NFTs today. How many people buy non-fungible tokens and what do they get with them? Can anyone really make NFT and What does digital art really mean nowadays?<\/p>\n","protected":false},"author":7,"featured_media":798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[40,38,39],"authors":[37],"class_list":["post-795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlighted","tag-alphaguilty","tag-education","tag-nft","authors-alphaguilty"],"acf":{"reading_time":""},"author-name":"AG Content Manager","suggested-articles":[{"ID":845,"post_author":"7","post_date":"2023-01-18 12:54:26","post_date_gmt":"2023-01-18 12:54:26","post_content":"<!-- wp:image {\"id\":846,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/01\/How-to-view-NFT-in-Metamask_-1024x576.jpg\" alt=\"\" class=\"wp-image-846\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>Even despite some critics, <strong>MetaMask<\/strong> is one of the most popular <a href=\"https:\/\/blog.alphaguilty.io\/how-to-create-a-crypto-wallet\">crypto <strong>wallets<\/strong><\/a><strong> <\/strong>in the world. Whether you are a beginner in the field of <strong>NFT <\/strong>or not, the most important thing is safety. And the right <strong>wallet <\/strong>will help you with it. So, <strong>MetaMask<\/strong> is one such <strong>wallet <\/strong>that makes the world of <strong>NFT <\/strong>available to you across multiple devices. You can use this wallet in a <strong>mobile <\/strong>app if you <strong>download <\/strong>it as well as in a browser on your computer. Many experts consider the<strong> MetaMask<\/strong> <strong>network <\/strong>the perfect <strong>wallet <\/strong>to keep <strong>NFT <\/strong>and other assets.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, there may be problems with a <strong>view <\/strong>your <strong>NFTs in the MetaMask<\/strong> <strong>network <\/strong>at first. If you can't <strong>see NFTs in the MetaMask<\/strong> <strong>network<\/strong>, this can easily be solved. In fact, the inability to <strong>view <\/strong>NFTs in <strong>MetaMask<\/strong> is a very common issue encountered by <strong>token <\/strong>owners. Now we will quickly tell you how you can <strong>view NFTs in the MetaMask network<\/strong>, but first, we'll start with the basics, so that newcomers can get the hang of <strong>MetaMask<\/strong> faster.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Can <strong>MetaMask <\/strong>keep <strong>NFTs<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Of course, you can keep <strong>tokens <\/strong>in <strong>MetaMask<\/strong>. Users who cannot properly configure <strong>MetaMask <\/strong>and don't <strong>see <\/strong>their NFT <strong>tokens <\/strong>after the <strong>transaction<\/strong>, mistakenly assume that there are better options. <strong>MetaMask on mobile<\/strong> is also very convenient to use. So, <strong>MetaMask <\/strong>is a great option for <strong>tokens<\/strong>:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>It supports <strong>NFT <\/strong>based on the ETH <strong>network<\/strong>, but can also be configured to support <strong>tokens <\/strong>from other <strong>networks<\/strong>.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Your <strong>NFT <\/strong>from the ETH <strong>network <\/strong>should automatically appear in <strong>MetaMask<\/strong>, it uses opensea.io and IPFS to extract its <strong>NFT <\/strong>data.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>But this is not always the case. You will find that some of your <strong>NFTs <\/strong>in different <strong>networks <\/strong>may not <strong>view <\/strong>correctly, or sometimes not <strong>view <\/strong>at all.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Can you add NFTs to <strong>MetaMask <\/strong>or <strong>MetaMask mobile<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Your <strong>NFTs <\/strong>are always kept in <strong>MetaMask<\/strong>. Adding an <strong>NFT <\/strong>just lets you <strong>see <\/strong>the <strong>token <\/strong>in the <strong>MetaMask<\/strong> <strong>network<\/strong>. That's why you can only add <strong>NFTs <\/strong>you buy to <strong>MetaMask <\/strong>or <strong>MetaMask mobile<\/strong> app. It's just a way to <strong>view tokens <\/strong>you already have in <strong>MetaMask<\/strong>. Trying to add an asset that you don't own will result in an error in <strong>MetaMask<\/strong>, you can try and <strong>see <\/strong>for yourself.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Adding or importing an <strong>NFT <\/strong>to <strong>MetaMask<\/strong> is not equivalent to buying one on a <strong>marketplace <\/strong>like OpenSea. So, <strong>MetaMask <\/strong>and MetaMask <strong>mobile <\/strong>apps already hold assets you buy from <strong>marketplaces<\/strong>, whether you see them there or not. But being able to <strong>view <\/strong>them there is really useful.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How can you <strong>view NFT <\/strong>in <strong>MetaMask<\/strong>?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>The<strong> MetaMask<\/strong> browser add-in does not support viewing NFTs in the ETH <strong>network<\/strong>, but there is a way out. You can add them as tokens (such as custom ones). The <strong>MetaMask mobile<\/strong> is currently the best solution. If you originally set up MetaMask from your browser, you will have to <strong>import MetaMask<\/strong> to your <strong>mobile <\/strong>using a secret phrase.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another important thing is that users cannot view or add NFTs in the Chrome add-in, but on the desktop, users can see NFTs on the <a href=\"https:\/\/portfolio.metamask.io\/\">portfolio site<\/a>.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>An <strong>Import MetaMask<\/strong> to <strong>mobile <\/strong>is very easy. Next, you need:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Open the <strong>mobile <\/strong>app and select a <strong>Wallet <\/strong>from the menu.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Go from this item in the <strong>mobile <\/strong>app to the <strong>NFTs <\/strong>section.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Next, you will see your <strong>NFTs<\/strong>, to add new ones click on the <strong>Import <\/strong>button.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>To find the token address, go to the opensea.io <strong>marketplace<\/strong>. Make sure <strong>MetaMask <\/strong>is connected to the <strong>marketplace<\/strong>.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Go back to your NFT details section of the <strong>marketplace <\/strong>page. There you will find the ID, also enter this number in the <strong>MetaMask mobile <\/strong>app.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Once the data has been entered, press the <strong>Import <\/strong>in the <strong>MetaMask mobile<\/strong> app.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>If you use a browser add-in instead of the <strong>MetaMask mobile<\/strong>, you will need to follow a similar sequence of actions. You only need to select the Assets button in the menu, then <strong>Import <\/strong>token, then Custom token. Enter the address and put 0 on the Token Decimal line. That's it!<\/p>\n<!-- \/wp:paragraph -->","post_title":"How to view NFT in MetaMask","post_excerpt":"Why is MetaMask one of the most popular wallets and can you add NFT tokens there? Finding NFTs in the MetaMask wallet is very fast and easy. How can you view your NFTs in the MetaMask wallet and what is required to do that?","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-to-view-nft-in-metamask","to_ping":"","pinged":"","post_modified":"2023-02-28 14:04:54","post_modified_gmt":"2023-02-28 14:04:54","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=845","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":364,"post_author":"7","post_date":"2022-11-14 13:52:12","post_date_gmt":"2022-11-14 13:52:12","post_content":"<!-- wp:image {\"id\":365,\"width\":700,\"height\":394,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full is-resized\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/11\/blog-17.png\" alt=\"\" class=\"wp-image-365\" width=\"700\" height=\"394\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"0bd1\">Today\u2019s internet life is spectacular and gives people lots of possibilities. However, the Web 2.0 we are using today does not seem so perfect to many users. The dominance of big tech companies and their control over our data is what Web 3.0 is supposed to change. And technologies associated with cryptocurrency may help.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"95ce\"><strong>The meaning<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"bbb9\">Web 3.0, or web3, yet only a concept, is the third iteration of the internet that can be described in the following terms: decentralized, blockchain-powered, and user-specific. It is based on the idea of a completely decentralized interconnected system of networks owned and governed by different users. This is what makes web3 similar to the concept of digital tokens.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"337f\"><strong>The difference<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"8345\">The first iteration of the internet was a bunch of read-only, static web pages. In the mid-2000s, Web 2.0 added the ability to interact and produce content and introduced social media, online banking, and shopping \u2014 but this is all owned by large and powerful corporations such as Meta, Amazon, or Google.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"5746\">With web3, people can build and govern their own decentralized, more democratic networks on the internet. We\u2019re already seeing the first iteration of such networks in DAOs \u2014 decentralized autonomous organizations.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"f22e\"><strong>The web utopia<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"c640\">Web3 users will create their own self-governed platforms, profit from them, share posts and photos via nodes instead of Instagram, interact directly with each other without middlemen, and be sure their data is safe thanks to blockchain. Most likely, we\u2019ll be able to tokenize everything we publish on the internet to protect our intellectual property.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"8ed9\">Next-gen websites will also interact directly, without intermediaries like Google. This will create a more decentralized internet and reduce the influence of corporations and personal data leaks.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"b7bd\">Web3 is also expected to boost the global economy by introducing accessible services to far-flung communities in various regions. Today, half the world\u2019s population is excluded from the digital economy, and some don\u2019t want to trust their data to Google. Another bonus for the global economy would be the greater adoption of fast and safe blockchain transactions.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"12fc\">The third iteration of the internet is slowly but surely becoming a reality. We will probably not notice the moment when we started living on web3 so that the transformation will be truly natural.<\/p>\n<!-- \/wp:paragraph -->","post_title":"What is Web3, and how will it change the world?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"what-is-web3-and-how-will-it-change-the-world","to_ping":"","pinged":"","post_modified":"2022-12-19 09:43:59","post_modified_gmt":"2022-12-19 09:43:59","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=364","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":625,"post_author":"7","post_date":"2022-12-15 14:56:22","post_date_gmt":"2022-12-15 14:56:22","post_content":"<!-- wp:image {\"id\":626,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/12\/Stablecoins_-The-Simple-Guide-1024x576.jpg\" alt=\"\" class=\"wp-image-626\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>You have probably heard about USDT and other fiat-pegged cryptocurrencies, or even have some in your portfolio. Those are stablecoins, a highly popular digital asset that is also held in high esteem within regulators.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Here\u2019s everything you need to know about these special coins.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>What are stablecoins?<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Stablecoins are a type of cryptocurrency that serve as a bridge between digital money and real-world assets. Typically, stablecoins should be pegged one-to-one and hold their value with underlying fiat currencies like the US dollar, euro, yen, etc. Fiat money is expected to be kept on banking accounts of the issuing firms.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>What stablecoins are there?<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are many different types of stablecoins in the market with the respective backing of their underlying fiat currencies or commodities \u2014 hard physical assets such as gold or silver.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>However, there are also crypto-collateralized, or algorithmic stablecoins like Maker\u2019s DAI. Let\u2019s explore them all.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3><strong>Fiat-backed coins<\/strong><\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>This type of stablecoins is backed by and relies on a one-to-one ratio with its corresponding fiat currencies. The examples are Tether USDT and Circle USDC. They are the most popular stablecoins nowadays, and the largest players by market capitalization with $66 billion and $55 billion respectively.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To ensure the proper performance, fiat-pegged stablecoins must be thoroughly backed and transparently audited by trusted third parties.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3><strong>Commodity-backed stablecoins<\/strong><\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>These stablecoins are backed by physical assets such as precious metals \u2014 certified gold or silver reserves. Some less popular coins are pegged by commodities, for example, crude oil or natural gas. Still, metals-backed cryptocurrencies are among the top-ranking ones, with Tether Gold (XAUT) and DigixGlobal (DGX) heading the list.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Algorithmic stablecoins<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The most decentralized type of stablecoins, algorithmic, is considered to be the most trustworthy by many advanced crypto users. Algorithmic stablecoins focus on improving market price stability through pre-programmed supply for matching asset demand.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>They are backed by other cryptocurrencies, and smart contracts on the Ethereum blockchain automatically stabilize their value.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Maker\u2019s DAI is thought to be the most trusted decentralized stablecoin. It runs on Ethereum and aims to support a value of $1.00. Unlike fiat-pegged centralized stablecoins, DAI isn\u2019t backed by US dollar reserves.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Stablecoins and governments<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Surprisingly, the idea of connecting real-world currencies to their blockchain-based analogues has been welcomed in many countries. The most recent example is the UK, which upgraded its regulation toward stablecoins. They now are 'digital settlement assets', which means they have potential to develop into a widespread means of payment.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In the US, the regulatory landscape for stablecoins is marked with uncertainty. However, stablecoins as a technology have achieved significant success, especially in the banking sector.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Meanwhile, in the EU stablecoins are still neither prohibited, nor regulated. Only Switzerland and Malta have built a friendly environment for their circulation.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>Are stablecoins safe to invest in?<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Normally, stablecoins maintain their pegged value and are less susceptible to volatility than cryptocurrencies like Bitcoin and Ethereum. The issuing firm should guarantee it by keeping each user\u2019s coin in fiat equivalent on its banking account.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Unfortunately, there were cases where stablecoins failed to maintain their value because of hacks and liquidity issues.&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>For instance, once-popular algorithmic stablecoin terraUSD (UST), which was supposed to maintain a $1 price, fell to $0.35 in May 2022. Its companion token LUNA, meant to stabilize UST's price, also collapsed to a few cents. That happened because $2 billion worth of UST appeared to be unstaked (taken off the blockchain protocol), leading to liquidation of coins.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>So, how to use stablecoins?<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>By definition, stablecoins can\u2019t grow in price with time, unlike typical cryptocurrencies. But they can be a good option if you want to protect your fiat money from inflation by purchasing digital US dollars.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Another great use case is trading stablecoins in pairs with other cryptocurrencies on exchanges. Typically, crypto\/crypto pairs (e.g. USDT\/BTC) are charged with less fees than fiat\/crypto trading pairs (euro\/BTC).&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And the last, but not the least reason to invest in stablecoins is faster and cheaper P2P transactions. Indeed, sending money to another person via <a href=\"https:\/\/blog.alphaguilty.io\/how-to-create-a-crypto-wallet\">crypto wallet<\/a> can save much time and dollars, compared to bank transfers.<\/p>\n<!-- \/wp:paragraph -->","post_title":"Stablecoins: A Simple Guide For Beginners","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"stablecoins-a-simple-guide-for-beginners","to_ping":"","pinged":"","post_modified":"2023-02-28 14:34:22","post_modified_gmt":"2023-02-28 14:34:22","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=625","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"likes":"2","lang":"en","translations":{"en":795,"ru":1542},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=795"}],"version-history":[{"count":3,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/795\/revisions"}],"predecessor-version":[{"id":1049,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/795\/revisions\/1049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/media\/798"}],"wp:attachment":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=795"},{"taxonomy":"authors","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fauthors&post=795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}