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DeFi

How the GameFi Combines Crypto, DeFi and Play-to-Earn Gaming

Read Time: 4 minutes New terms are popping out quite fast in a field as innovative as crypto. One gaining a lot of traction is GameFi, a model disrupting the conventional gaming industry. GameFi is blockchain-based monetization of gaming experience, combining cryptocurrencies, DeFi, and play-to-earn NFT crypto game model.  Crypto gaming has revolutionized the way games are played and …

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Is SocialFi The Next Buzzword For The Web3.0 Era?

Is SocialFi The Next Buzzword For The Web3.0 Era?

Read Time: 4 minutes Blockchain will be a major component of Web3.0, the next generation of the internet. This means that unlike its predecessor Web 2.0, Web 3.0 will be decentralized. Since its introduction, the internet has been of tremendous help in shaping the world at large.  Particularly, the internet has been behind the current social media phenomenon. The …

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7 Biggest Challenges with DeFi Smart Contract Audits Today

7 Biggest Challenges with DeFi Smart Contract Audits Today

Read Time: 4 minutes Getting a smart contract audited before launching your DeFi protocol is more than a ritual. The audit is crucial for the safety and eventually, success of the project. To ensure that the audit completes its objective – discovering and plugging the vulnerabilities – you need to work closely with the company you have entrusted with …

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How to start a DeFi Protocol in 5 steps

How To Start A DeFi Protocol in 5 steps?

Read Time: 5 minutes In the early days of blockchain, the emphasis was disproportionately on the community and its related skills for creating blockchain networks. However, the introduction of Ethereum fundamentally altered the blockchain landscape by introducing a plethora of new opportunities for creating decentralized apps. Ethereum’s tokenization and smart contract capabilities sparked debate over the future of traditional …

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Use cases of smart contracts in DeFi

Top 7 Use Cases of Smart Contracts in DeFi

Read Time: 6 minutes From a similitude of an ICO craze, DeFi has grown to over $200 billion, according to DeFi Llama statistics. It expands to various use cases from collateralized lending and savings, including flash loans, derivatives, stable coins, etc. Smart contracts demystified why DeFi can automate and execute transactions within users in a decentralized manner. It is …

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How businesses can grow using NFTs

4 ways Businesses can use NFTs to drive engagement

Read Time: 7 minutes Of late, with the rapid speed of advancement in technology, NFTs have become a revolutionary trend in the blockchain market. Headlines about NFTs have become commonplace, and it’s clear that this cryptographic asset is here to stay.  In March 2021, the NFT of ‘Everydays: The First 5000 Days’, an artwork by the digital artist Beeple, …

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Best DeFi Coding Practices

What are the best DeFi Coding Practices?

Read Time: 6 minutes Imagine a completely automated platform that promises to make payments immensely accessible to anyone around the world, irrespective of geographical restrictions. Decentralized Finance takes this promise a step ahead. With just a smartphone and an Internet connection, you can perform any financial activity using DeFi with more efficiency and security than the conventional methods.  The …

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Guide to understand Rug Pulls and ways to avoid them

The Rise of Exit Scams & Rug Pulls

Read Time: 6 minutes Ever since their introduction, cryptocurrencies have attracted the eyes of investors and hucksters alike. Though the crypto space is characterized by some institutional investors and thin liquidity, it is also rife with scammers. The nature of scams occurring on crypto networks has also paralleled the development of their infrastructure. Since blockchains were new and primitive, …

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Stop Doing this! Practical measures to keep users safe in DeFi environment

Stop Doing this! Practical measures to keep users safe in DeFi environment

Read Time: 4 minutes Powered by blockchain, DeFi has revolutionized the possible applications of money. Termed open finance, DeFi is a vast ground of many amazing protocols that have introduced use cases, not even imaginable some time ago. DeFi has given us all an unparalleled venue to make some money, actively as well as passively. All well, so where …

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