What is IPFS? In a massive peer-to-peer network, computers worldwide store and deliver data using the distributed file storage protocol known as the “Interplanetary File System (IPFS).” Any device in the globe may download the IPFS software and begin hosting and serving files. Anyone with IPFS installed on their computer who uploads a file to the IPFS network can see and download it. IPFS uniquely identifies each file in a global namespace linking IPFS servers via content-addressing. How does IPFS function? An analysis of the fundamental ideas Looking at IPFS at a high level, it locates the information you need based on its content. This process, known as content addressing, is made possible by the Content Identifier- CID. “A label known as a Content Identifier, or CID, is constructed using a combination of unique letters and numbers to identify materials on the IPFS network, such as photographs, videos, or other files (known as a cryptographic hash).” The three cornerstones of knowing, How IPFS works 1: Identify specific entity via content addressing Identifying and retrieving data/information on each is a significant distinction between the centralized and decentralized webs. A URL (or URI) determines the data’s identification and “location” on the centralized web. On the other hand, to access data from diverse sources (peers and nodes), the decentralized web employs content addressing through a unique content identifier, or CID. The content identification does not specify the data’s storage location. Based on the data’s primary content, it nevertheless creates a sort of address. 2: Content linking via Directed Acyclic Graphs (DAGs) In a decentralized network, peers access data between each other rather than relying on a centralized authority. A graph is an abstraction used to mathematically depict relationships between a group of things from a high-level perspective. An object in a graph is also known as a node, and object links are known as edges. DAG (Directed Acyclic Graph) is a compound term. Thus it would be fair to define its meaning by deconstructing it. Directed Graphs: Directed graphs have some sense of direction. A single-headed arrow denotes the right orientation of the connections between nodes, which can only correctly associate in one way. To refer to nodes in a directed network, we use terminology like “ancestor,” “descendant,” “parent,” and “child.” Acyclic Graph: There are no loops in an acyclic graph, which indicates that nodes cannot connect back to themselves. Directed Acyclic Graph: An acyclic-directed graph is an ordered cyclic graph and a DAG. 3: Distributed hash tables for finding content (DHTs) The term “distributed hash table” (DHT) refers to a distributed system mapping keys to values. DHT functions using a hybrid catalog and navigation system in IPFS. DHTs make up the core element of the content routing system. DHT links the CID (Content Identifier) that the user seeks with the peer holding the relevant information. DHT maps three different kinds of key-value combinations Provide records: connect a data identifier to a peer who has declared they are prepared to share material with you and have that content on hand—used by IPFS to discover material and IPNS through PubSub to find other people interested in the same topic. IPNS records: An IPNS key, which is a public key hash, is mapped to an IPNS record. Peer records: A group of multi addresses used to connect a peer ID to a peer. When we are aware of a peer having material but are unsure of its address, IPFS uses manual connections. IPFS Gateways: IPFS deployment aims to have native support for IPFS in all widely used tools and browsers. Applications that do not yet natively support IPFS can use gateways as a workaround. IPFS gateways offer an HTTP-based service that enables browsers and other tools that are not IPFS-aware to access IPFS content. Types of Gateways: Gateway classification incorporates multiple dimensions: Read/write capability Authentication assistance Style of Resolution Service Security, performance, and other functional factors all play a role in a gateway’s application and usage. When not to deploy a gateway: Delay-sensitive applications Any gateway adds a lag to the intended action since it serves as a middleman between the request’s source and the IPFS node or nodes that can provide the desired material. The cache eliminates this delay if the serving gateway has already stored the requested material (for example, as a result of earlier requests). End-to-end cryptographic validation Apps requiring end-to-end validation of content read/write should avoid gateways wherever feasible due to third-party gateway vulnerabilities. IPFS NFT storages Gateways: The Inter Planetary File System (IPFS) is a crucial component of NFT technology. ‘NFT.Storage’ infrastructure provides data storage and retrieval. Particular IPFS nodes known as “gateways” serve as a bridge between the peer-to-peer Bitswap protocol and the HTTP protocol, which is understood by all web browsers, to make IPFS data available outside of the peer-to-peer network. NFT Storage’s mission is to make decentralized data storage the default option for NFT creators. A vital component is delivering a fantastic retrieval experience on the web. NFT Storage developed a brand-new HTTP gateway to use the IPFS infrastructure already available to the general public and cloud-native caching techniques to deliver a high-performance, CID-based, NFT-focused HTTP retrieval solution. Conclusion Since 2015, IPFS has evolved and has served as the foundation for some of the most exciting decentralized technological advancements. By reducing latency, IPFS enables us to take advantage of the higher memory densities and faster processing speeds that are constantly improving. Increased security, a faster overall Internet speed, and the decentralization of virtual information are all provided. IPFS is an excellent peer-to-peer application but has speed issues and too few peers. Searching for files may take too much time if we want to see anything on IPFS. For the Internet to stay technologically current, HTTP, a twenty-year-old technology, must be replaced. Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!

Businesses are seeking innovative ways to adapt to the fast-changing world of technology. New trends erupt quicker than one can keep up. The post-pandemic era has left businesses with no choice but to "evolve or fade out." Businesses need to speed up their adoption rate of new trends and discover more technological routes to connect with their customers and attain sustainable profits and growth. Therefore, CEOs and CTOs must adapt quickly to support their businesses as it faces emergent changes in 2022. As the founder of a tech startup and an innovation explorer, I foresee 2022 as a year where changing digital landscapes will keep businesses on their toes as they keep track of trends in the market. The next promising year of tech trends is yet to launch officially, but I can already say that there is a strong showing of new advancements contending for a coveted spot on my list. Gartner Group, research, and advisory experts gave a 2022 list of the top 12 strategic technological trends. Reflecting on this list, I realized that DATA will be a big factor and shape the tech world in 2022. Businesses use data to improve customer experience, manage consumer preferences, improve marketing strategies, and garner insights on business trends. The increasing need for data will cause a rapid expansion of the technological space, which will be an exciting trend in 2022. Here are my top 3 picks for tech trends that I believe will support data explosion and be a determinant factor in the technological trends of 2022: 1. Data Fabric: This relatively new and emerging data solution aims to accelerate business insights; it permits the coordination of data flow and curation across big data platforms. Successful implementation of this technology provides real-time access to curated data from different data sources to enhance customer personalization and support advanced data analytics. Businesses rely a lot on data, and the ability to access, extract and process it will require more innovative and comprehensive entry services. 2. AI Engineering: Artificial Intelligence, or AI, has been one of the biggest tech trends for the past decade and has progressively become more sophisticated. AI engineering technology provides automatic modifications to data, models, and applications to improve the data results. The striking effects of AI on everyday life are still in the early stages. However, they have gained huge demand and rapid growth through image and speech recognition, navigation, virtual assistants, and e-commerce, data being its backbone. The AI market is expected to be a $190 billion industry by 2025, making it the top new technology trend to watch out for! 3. Generative AI: Artificial Intelligence has seen more advances in the last few years. Companies have continued to innovatively use AI to create models, applications and generally optimize data for business decision-making. Generative AI helps you create new plausible images, videos, music, and scenes or models of physical objects using existing content. Simply put, this is a machine learning program that learns about the content from data and uses it to create a new and realistic piece. Businesses can use this AI technique for product creation; the creative space can use it for image-to-image and photo-to-emoji conversions and face aging, while medical and pharmaceutical companies will benefit significantly from it as well. Gartner "estimates that by 2025, more than 30% of new drugs and materials will be systematically discovered using generative AI techniques." Next Steps for Businesses The increasing requirement for data in this rapidly changing technological space makes adopting technological trends a fundamental game-changer. However, the tech leaders should review the impact of these emerging technologies on their businesses. The startup founders especially those with data-reliant businesses, should analyze their short-term business strategies to ascertain which technological trends they can benefit from while creating a roadmap for their long-term goals. Leveraging these emerging innovations can make the difference for sustainable business growth and gaining a competitive advantage. Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!

Gartner describes "Data Fabric" as the "next-generation data management architecture for the enterprise" and it made Gartner's list of the top tech trends of 2022. Data Fabric is much more like a design concept, not a product. Data Fabric utilizes AI, machine learning, and data science to access data or support dynamic data integration to discover unique and business-related relationships between available data. Let’s dig deeper to understand how this concept will impact businesses in the coming years. Data Fabric's primary purpose is to provide accurate data to the right person at the right time. The current Data connection architecture design is still mainly "people looking for data," and the core of the data fabric design is "data looking for people" at the right time and pushing the correct data to the people who need it. How else can we describe Data Fabric? We can visualize Data Fabric as a virtual network. This network is not a point-to-point process but a virtual connection. Each node can represent a separate data system, and data from other sources can be rapidly located and accessed via the internet. We can also view Data Fabric as a large-scale weaving that connects numerous locations, types, and sources of data, as well as means for accessing the data. As data passes through the data fabric, it can be processed, managed, and stored. Data Fabric is An Emerging Trend; What Do We Know? Why will Data Fabric become a trend, and why will more enterprises adopt this method for deployment in the future? The traditional IT era was previously known as the "data warehouse," "data lake," or "big data." However, data utilization is a centralized architecture that collects data and allows BI (Business Intelligence) analysts to analyze the data. Meanwhile, user services are deployed in a multi-cloud environment in cloud computing. Gathering data from many clouds is time-consuming and expensive. As a result, a decentralized and dispersed data network design is unavoidable. Data Fabric can bring clear value to the business and technical teams simultaneously. Enterprises can access high-quality data more efficiently and rapidly and gain insights from a business standpoint. Client engagement can also be increased through more advanced mobile apps and interactions, complying with data standards, and optimizing supply chains. Also, from a technical perspective, Data integration is decreased, data quality and standards are easily maintained, and hardware architecture. At the same time, storage costs are simultaneously reduced due to the limited number and quantity of data replication. As the data duplication reduces, the data flow is greatly optimized, and the data processing process is accelerated and simplified; implementing an automated overall data strategy minimizes the work of data access management. Gartner believes, and we agree, that with the increasing complexity of data and the accelerated development of digital services, the Data Fabric has become an infrastructure supporting assembled data analysis and various components. Due to the ability to use/reuse and combine different data integration methods in technical design, Data Fabric can reduce integration design time by 30%, deployment time by 30%, and maintenance time by 70%. The Cloud Pak for Data4.0 software package released by IBM in July adds intelligent Data Fabric functions. From this innovation, AutoSQL (Structured Query Language) can automatically access, integrate, and manage data through AI and get answers to distributed queries at less than half the cost. How Can The Dream of "Data Seeking People Rather Than People Seeking Data" Come True? As we have realized, Data fabric is a new design concept that changes the data management and data collection game. Remember that Data Fabric is not a substitute for data warehouses, data lakes, and other technologies. Instead, it can use existing data hubs, lakes, and warehouses with additional methods in the future. An improved data catalog is required to actualize data searching for people rather than people searching for data. It should cover users' frequency, mechanism of data usage, and understanding of the data and business. Relationships also include knowledge graphs. Find the relationship between data and business through knowledge graphs and find integration strategies for metadata utilization. It also provides recommendation engines and low-code tools in the data preparation stage. The role of low-code tools is to reduce data. Finally, the threshold of use accelerates the productization of data. Organizations are looking for new IT service delivery models to meet their data-driven business' changing technology requirements. Data management problems, however, tend to limit their choices. Data Fabric has emerged as a viable solution for solving these issues and providing companies with the flexibility to choose a genuinely possible hybrid cloud infrastructure. Is This A Hype or A Hope? As a tech startup CEO and a data enthusiast, I believe that Data Fabric is neither a Hype nor Fad, but a way to alleviate the agony of managing data across multiple platforms. And as an emerging technology, data fabric has a long way to go before it fully matures, but I am confident that it will become a centerpiece of smart data management in the next decade. I would also love to hear your opinion about data fabric, and let’s be watchful to see how organizations use this technology to deliver cutting-edge innovations. Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!

Sitting at your work desk and staring blankly at the computer screen, you receive a notification on your message box. It says, "You just received funds in Bitcoin" from a friend on the other side of the globe...Blockchain in action. Or, maybe you utilized the services of logistics companies, presumably DHL or Maersk, to send secure shipments to a coworker... Even more Blockchain technology. Blockchain application isn't fettered to just Bitcoins and logistics. This technology is already impacting education, entertainment, government, and healthcare companies. These various applications of Blockchain constitute an encrypted, cumulative, distributed ledger composed of blocks of transactions that gets confirmed by miners, which, for Bitcoin, led to the first Genesis block, whose instance is timed as 18:15:05 GMT on the 3rd of January 2009, signifying the start of the blockchain application. In retrospect, Bitcoin did substantially influence the creation of Blockchain 13years ago. This network was developed by (an) unknown person(s), under the pseudonym of Satoshi Nakamoto, behind the online cash currency Bitcoin. Since this development, several applications have cropped up to spawn one of the most significant innovations of the 21st century, the Blockchain. Blockchain technology evolved from a Bitcoin seminal whitepaper to a form of cash capable of peer-to-peer privileges without external dictations or assistance. To provide a clearer picture of blockchain technology's progress, I've put together a synoptical timeline of its history, from its inception to its widespread adoption. Blockchain Timeline Genesis(1991 - 2008) 1991: Stuart Haber and W. Scott Stornetta proposed the concept of Blockchain. They envisioned creating a cryptographically encrypted data system to protect documents and chronological data from being tampered 1998: Computer scientist Nick Szabo kickstarted the development of 'bit gold,' a decentralized digital currency two years later. These developments most definitely laid the groundwork for the idea of secured cryptographic chains. Transactions Wave (2008 - 2009) 2008: Satoshi Nakamoto conceptualized the first version of blockchain technology, Bitcoin 1.0. 2009: Nakamoto published a white paper on digital ledger technology, the foundation for creating Bitcoin, and the eventual first use of bitcoin for transactions. Blockchain's ability to improve digital trust through decentralization, where no one has complete control, was discussed in this white paper. Contracts Wave(2013 - 2015) 2013: Vitalik Buterin published a whitepaper as the foundation for "Ethereum," formerly known as Bitcoin 2.0. 2014: Blockchain started gaining prominence in the financial market as companies considered and adopted this technology. 2015: Ethereum was revealed to be a better version of Bitcoin 1.0, and it was released as a public blockchain with more features than its counterpart's peer-to-peer network. The ability to develop new decentralized applications using blockchain technology was made possible by Ethereum's (a.k.a. Bitcoin 2.0) new feature to record additional data assets. Application Wave(2018 - Present) 2018: NEO and IOTA are blockchain variants designed to remedy some of the problems in Bitcoin and Ethereum while also adding new functionality to existing blockchain capabilities. Present: Blockchain has evolved into a business-oriented solution known as Baas. Supply chains, smart markets, central bank money, crypto assets, and decentralized exchanges have all been supported by blockchain technology. Final Thoughts The internet is great for sharing and communication but is deeply flawed in commerce and privacy. Let us imagine everyone has an identity in a box that stores structured and transactional data. When we initiate a transaction, this massive catenation of blocks gives away shreds of information needed to complete the transaction while also collecting data synchronously. The data set collected would uphold decentralization, transparency, immutability, and security as its core values while still getting monetized arbitrarily. In layman's terms, that is Blockchain, an unalterable, impregnable, distributed database of digital assets. Blockchain has undoubtedly become an essential part of the financial community, gaining notoriety due to its immersion in the tech world and rapidly moving to the forefront of new technology trends. Call it the World Wide Ledger or, as I call it, 'The internet of everything!' Blockchain technology enables smart contracts, government service, decentralized autonomous entities and transactions, and a freely dispersed global network that substantially impacts how we use the internet. Isn't that extraordinary! I believe such underlying technology is unparalleled as the most significant and intricate innovation in the tech stratum, including the growth of Blockchain-as-a-service (BaaS) and other Sisyphean improvements. So, what are your thoughts on Blockchain and its evolution? Do you think its progression would make blockchain decisions a lot easier? Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!

Blockchain is tagged to be one of the most disruptive innovations. Like any other paradigm-shift technological innovation, this technology has continued its progressive stride towards providing a seemingly quintessential appeal. As we move into the new year, several mind-blowing modifications will be applied to mundane blockchain activities - just the facts! In this blog, we will look at some of the most exciting new Blockchain trends to expect in 2022 Let us dive in... Green Blockchain Initiatives Blockchain systems consume tremendous energy, particularly those used for Bitcoin and other cryptocurrencies. Processing these systems necessitates the synthesis of many complex calculations, which consume a large amount of energy from coal and fossil fuels. This process is called mining and utilizes energy roughly equivalent to the annual energy consumption of countries like Sweden or Argentina. The United Nations Sustainable Development Goals (UN SDGs) are having a go at achieving zero pollution from the Blockchain, particularly Bitcoin mining, through spearheading initiatives like the 'Green Bitcoin Project.' Some companies such as Energyglare are starting to meet this urgent call of enforcing a smaller carbon footprint into the Blockchain stratum with the social responsibility of opening this sustainable market to everyone. In 2022, initiatives like the Green Bitcoin Project would not just be a new wave but elicit a leading edge in countering environmental sustainability challenges. NFT Expanding Beyond Online Art Non-Fungible Tokens (NFTs) are fast becoming a blockchain sensation. The rare or unique quest to encourage asset acquisition of any digital object while combating counterfeiting continues to bloom. These digital arts extend to the real world. As the NFT market matures, 2022 would see more diversification of the NFT industry through the unlocking of unique online and offline experiences - more incredible opportunities to explore. Such options would include applications from the nascent 'NFT 2.0' where tokens are useful for procuring real-life paraphernalia, an instance of the NFT project, Stoner cats by Mila Kunis. Similarly, NFT-controlled access would facilitate fans' access to live events like NBA games and concerts. Gamers would also collect NFTs as they progress through the levels, as entire games are now being established on NFTs. NFT 2.0 is a proceeder of these augmented experiences. This new version would see the industry adopt fewer passive tactics of bringing more life to intangible online assets. Rationally, I would say a greater sense of originality and satisfaction springs from experiencing some art tangibly; these sorts of offline features would be seen more - what a time to be alive! More Countries Adopt Bitcoin & National Cryptocurrencies Over the years, lots of global consideration and emphasis were on the impact of Bitcoin and cryptocurrencies in general; this feat keeps espousing this innovation as one of the most controversial and disruptive technologies. Though illegal in some countries, these digital currencies are gaining prominence and reconsideration in countries, especially nations that once labeled crypto's impact cataclysmic. El Salvador, some months ago, adopted Bitcoin as a legal tender making her the first country to legitimize a cryptocurrency as a medium of exchange. With El Salvador pioneering this move, much-vested interest has lurked in other body politics. Some enthusiastic crypto users in America are already proponents of making Bitcoins a legal tender in the United States. Bitcoin, a UK complementary digital currency, is another prospect on the horizon. This trend is one to keep an eye on - easy clairvoyance! Blockchain & IoT Integration Yotam Gutman in the RFID Journal described the 'Internet of things' as 'a doomsday scenario waiting to happen.' As a sophomoric Blockchain explorer, these sorts of off-putting anecdotes about technologies might dash your hopes or interest in learning how to invest in Blockchain; you need not worry. Blockchain development trends in 2022 would see the combination of Blockchain and the Internet of things, a case of "two better than one, not because either is infallible, but because they are unlikely to go wrong in the same direction." Internet of things interconnects tech devices that out-turn an insane amount of data, raising concerns about these databases' interoperability, history, and security. This distributed ledger technology, Blockchain, with its repertoire of offering tamper-proof security, would reinforce this system by providing ready solutions to lack of security, monetization, and overall efficiency in the IoT sphere. Blockchain in Vaccine Manufacture & Tracking High incertitude surrounded global vaccine and biologics manufacturing after the news of the COVID-19 pandemic in early 2020. As vaccines gained traction, the dilemma of tracking for sufficiency or creating robust estimates for the world's vaccine manufacturing capacity arose. This Blockchain emerging trend where Blockchain would help improve vaccine inventory management and real-time monitoring of vaccine capacity would be prevalent come 2022. For example, IBM is implementing many technological advances in healthcare, such as AI and Big data. With this application of Blockchain, a trustworthy, effective system built on a blockchain ledger would enable vaccine producers to contract out all or parts of manufacturing and distribution while ensuring that the final product arrives in communities safely. Are These Blockchain Future Trends Promising? As a blockchain enthusiast, I am confident that these revolutionary five blockchain trends in 2022 will go above and beyond to ensure a high-grade experience in the Blockchain universe. Think of Blockchain as a more diverse, eco-friendly, and foolproof system that would contribute a substantial quota to humanitarian relief, efficiency, and environmental sustainability. These enthralling advancements would headline this ledger tech stratum come 2022. If you are intrigued by Blockchain or even a perennial user, making decisions may be easier, especially when you know what's on the horizon. So, which one of these upcoming trends piques your interest the most? Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!

$69 million for digital art?! Mystifying or insane? Yeah. It is insane, or even both, especially for most of us oblivious to this new tech world of anomalies. If there is a new tech currently defying reason, it's the NFTs. This tale is more significant than a $6 hundred thousand dollar cat gif, a $3 million tweet, or even worse the artwork "Every day's: The first 5000 days" by Beeple, which was sold for a whopping $69.3 million. There is more to this new stratum than just these outrageous sales. Consider NFT a massive bubble on the verge of detonation because that is precisely what it is. These cryptographically unique tokens are changing how we monetize and think about art. Let's get down to the nitty-gritty of what NFTs are all about to understand better what this craze is all about. What is NFT? A non-fungible token (NFT) is a unit of data stored on a blockchain that certifies ownership of a digital asset such as images, audio, videos, or other collectibles such as books, blogs, tweets, or memes. Lately, these assets have been extending offline to procure physical assets. These collectibles are coveted for their rarity, exclusivity, or originality and are grounded on the virtues of authenticity, rarity, and scarcity. Like the name insinuates, these digital tokens are 'non-fungible' or, in layman's terms, ' irreplaceable.' Unlike cryptocurrencies, NFTs can not be duplicated, exchanged, or divided to expound further. They espouse a one-of-a-kind form of creativity with a thriving potential dependent on its ability to appeal to the digital spectrum's masses. Before the inception of NFTs, domains were the only exclusively acquirable digital assets online. The idea of owning virtual assets online juxtaposed with how very quotidian it is to acquire physical assets spawned the conceptualization of NFTs. Having had a better idea of what this mania is all about, you might still get muddled up by some foggy question, like, Why buy NFTs when someone can easily screenshot these JPEGs? This question is a very compelling one to ask. Why would someone pay hundreds of thousands of dollars for what amounts to a photograph that anyone can easily access?! Well, the invention of these cryptographic tokens remedies a pressing need for genuineness and iron-clad protection in human creativity. A sense of distinctive ownership that supersedes any form landed assets can offer. The built-in authentication ingrained in these properties enables an efficient and instantaneous proof of ownership at any time. So, in essence, having an NFT digital asset in your device(s) does not depict your ownership of such assets, as it is readily verifiable who the actual owner is on the Blockchain. And a bitter truth would be that the more you download or attempt to obtain these virtual objects, the more their value increases. How Do NFTs Work? Blockchain technology underpins NFTs, while the Ethereum blockchain contains most of the NFTs. These crypto tokens enable the assignment or claim of ownership of any unique piece of digital data, which can be tracked using Ethereum's Blockchain as a public ledger. To certify a token as “non-fungible,” they require a process known as minting. NFTs are minted through smart contracts that assign ownership on the Blockchain and manage the transferability of the minted asset. When someone creates or mints NFTs, they act per a code stored in smart contracts that conform to the ERC-721. After completing these steps, the asset's data are entered into the Blockchain, where the NFT is stored and managed. It is important to note that the rest of the Blockchains can implement their versions of NFTs, such as the Binance smart chain and Solana. Why is NFT an Excellent Opportunity For Young Creators? As a blockchain enthusiast, who is currently kickstarting an NFT creatives company, I would say this is a great opportunity for creators to gain luxuriant benefits and attain the right relevance they've been deprived of for a long time. This new development means there will be no entry barriers, no galleries or authenticators taking a cut of the profits, and creators will be able to collect royalties from every continuous sale of their work in the collectors' online market. In addition to this enticing benefit, NFTs are currently bringing the metaverse to the limelight more than ever before. Leveraging on this would be the most significant benefit - increasing your relevance on the various socials, especially following an increase in how much your NFT is worth. In addition to this enticing benefit, NFTs are currently bringing the metaverse to the limelight than ever before. Leveraging on this would be the most significant benefit - increasing your relevance on the various socials, especially following an increase on how much your NFT is worth. - Blingy. Imagine you strategically purchase a Cyberpunk NFT or an NFT game character today that blows up. You will eventually become part of the most elite club in the world, and to top it up, your closing rate for deals would subsequently go up five times higher or more, even though you are still the same person. Isn't that gob-smacking?! NFTs may be intangible and vernal, but the perks of exploring or getting a foothold in this avenue for young creators, individual collectors, and the global community are genuine. So, having had ample knowledge of NFTs, do you still think it's a fad and would rather miss the boat or jump on the bandwagon? Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!

What & Where Exactly is The NFT Marketplace? An NFT marketplace is a platform where NFTs are; Created - through minting, displayed, stored, and traded. In other words, a crypto space where creators can sell their art-based products to potential collectors who subsequently purchase a blockchain entry. When buyers purchase an asset in these spaces, they are given a token, a unique identifier that stores proof of ownership, provenance, and authenticity (also leveraging Blockchain technology). Furthermore, these marketplaces can be characterized on a spectrum from streamlined to augmented. Streamlined Marketplaces bolsters a more diverse offering of NFTs - a more generic exhibition such as the type Opensea.io offers. In contrast, Augmented marketplaces offer a more concise and specialized display like the SuperRare marketplace. In recent months, several new NFT marketplaces emerged amid its growing popularity. I'll highlight the finest 12 NFT marketplaces where you can start purchasing and/or selling these popular NFTs from among the many choices. Here Are The Top 4: Opensea Opensea was founded in January 2018 by Alex Atallah and Devin Finzer as the first-ever decentralized NFT marketplace to be created. With over 4 million products on its portal, this is the largest marketplace for user-owned digital assets, including collectibles, gaming items, domain names, digital art, and other assets. Opensea ensures that open protocols like Ethereum and interoperable standards like ERC721 and ERC1155 enable a user-friendly trading experience. Recently, influencers like Mark Cuban and YouTuber Logan Paul have expressed interest in this space, with Logan Paul announcing the launch of his own NFT project Cryptozoo. If you are an NFT newbie, Opensea might seem overwhelming, especially when visiting the webpage. As a beginner, you can start with a simple search for things like art and in-game assets, or maybe try some exploration, as that would help. SuperRare SuperRare is an example of an Augmented NFT marketplace. Founded in 2017 by John and Charles Crain with Jonathan Perkins and is regarded as one of the most prominent NFT marketplaces. In this platform, unique, single-edition digital artworks are collected and traded. Each digital artwork can be authentically created on this network and eventually tokenized. Also built on the Ethereum Blockchain, this marketplace onboards only a limited number of concept creators but would continue to vet and select more talents over time. Espousing the interoperability of SuperRare, their NFTs can also be bought and sold on Opensea. To paint a relatable picture, you can think of SuperRare like Instagram meets Christie's. An up-to-the-minute way of interacting with art, culture, and transacting on the internet! Foundation Foundation was launched in February 2021 by Zak Krevitt and was designed as a no-frills, straightforward way to bid on NFTs. This marketplace relies on a community-led curation approach, which was instigated by selecting their first 50 artists, to who they gifted two slots each to allocate to deserving creators. Since then, this platform has recorded impressive growth with a sale of over $100 million worth of NFTs! Foundation stated that its goal is to create a new creative economy in which creators use the Ethereum blockchain to strengthen relationships with their supporters and add value to their work in completely new and innovative ways. Rarible Rarible, another large marketplace founded in 2020 by Ilya Komolkin, possesses a lot of similarities to Opensea; here, only artists are required to submit their works for validation before being listed on the portal. All kinds of art, videos, collectibles, and media files can be bought, sold, or minted on this platform, just as in Opensea. However, unlike Opensea, Rarible utilizes its cryptocurrency, RARI to buy and sell on the marketplace. Other Platforms Include: MakersPlace MakersPlace exhibits digital artwork in their "Discover" section, while the newest and well-known art pieces are found in the "Drops" section. This platform is excellent for digital collectors and investors, especially with T-Pain, Shakira, and Tom Morello signing up for the space. NFT Showroom NFT Showroom is built on the Hive blockchain - a fast and feeless blockchain globally accessible. The mission is to provide an easy-to-use and affordable platform to transact on. Decentraland Decentraland offers a wide range of digital assets from virtual lands, in-game wearables, parcels, and names. Using Ethereum, you can purchase virtual lands on this platform. Axie Marketplace This platform hosts cartoon characters for Axie Infinity games, where players operate with digital pets called Axies. Axiemarketplace also operates on blockchain technology. Aavegotchi (Bazaar) Aavegotchi is a rare but reliable crypto collectible. It is a crypto collectible game built on Ethereum blockchain-enabled functionality where participants purchase Aavegotchi and NFTs. Hic et Nunc Hic et Nunc is an experimental eco-friendly platform for creators operating on the Tezos Blockchain. Institut Institut is a premier art world NFT platform, leveraging its new Digi-art renaissance to broaden contemporary art audiences and empower NFT creators. This marketplace concentrates more on quality than quantity. Opinions on Non-Fungible Tokens (NFTs) might be controversial now, but their ascent to global prominence isn't. These cryptographic tokens are burgeoning and starting to spark excitement and craze. Do You Want in NFT Craze? Suppose you want to experience this mania in all its entirety. In that case, an NFT marketplace is the easy gateway to earning rewards and royalties both as a creator and collector - a win-win situation. This space espouses symbiotic marketing experiences that make a worthwhile contribution to this snowballing niche, contrary to a flip-model market that favors only the fortunate. These marketplaces have recorded more investors' presence; who knows, you too have probably or can make a fortune from them. What do you think? Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!

"Meta What?" My colleague had asked the first time the topic came up. "Is it a form of Second Life platform type thing? For those who do not know, the 3D platform Second Life, launched in 2003, uses avatars to instigate meetings and socialize with other users. Second Life may still exist but is not "the metaverse." The technological world is naturally kaleidoscopic, and the Metaverse capitalizes on this fluidity while staying ahead of emerging technology trends. From the eruption of the NFTs (non-fungible tokens) in the blockchain stratum to Facebook rebranding to "Meta," and Microsoft also staking a claim, the Metaverse has entered the technological mainstream. This week, we'll explore this technological trend and how it will affect us, particularly in NFTs. What is the Metaverse? Metaverse was coined from the adjunction of the Greek word 'meta,' which means 'beyond.' The last syllable of 'universe, "verse,' which translates to 'beyond the universe.' Metaverse is a massively scaled blend of various technological elements or a digital "jacked-in" internet, including virtual reality, augmented reality, and video. Users can interact "live" within this digital world or universe. In his nine-part Metaverse Primer, Mathew Ball describes this nascent internet iteration as a "Platform for human leisure, labor, and existence at large" and a "quasi-successor state to the mobile internet." Mark Zuckerberg, the CEO of the newly named Meta (formerly Facebook), has been bullish on the Metaverse and extolled this novel and cutting-edge innovation. "The next platform and medium will be more immersive, and embodied internet where you're in the experience, not just looking at it… Screens just don't convey the full range of human expressions and connections; instead of looking at a screen, you are going to be in these experiences," Zuckerberg had said last October after revealing the company's rebranding. This concept is, in essence, an open standard that integrates interoperability and ubiquity - made possible by the possibility of teleporting. Teleporting? One may ask, "How is that going to work?!" Let's gain a clearer insight on how all these would be possible - the operability of the Metaverse and how it relates to us. How does the Metaverse work? This real-time rendered 3D virtual world is touted to be a game-changer in creating a virtual doppelganger universe that unites people across the globe. The Metaverse would integrate blockchain technology - for security, AR/VR devices, and Holograms in better-capturing emotions and reactions while synchronously translating them into avatar animations. Big companies like Microsoft, Apple, Sony's PlayStation, Meta (Facebook) Luxury fashion houses like Balenciaga are already For Starters, this development would put realistic avatars to use. These avatars will be as familiar as profile pictures, but instead of static images, they will be living hyper-realistic 3D representations of you, your expressions, and your gestures. The metaverse avatars would be very personal and a typical representation of their owners while undergoing any enhancement or customization (hairstyle change, skin toning, make a virtual tattoo) recently experienced by its owner. Beyond Avatars, there's also a home space, which you can design and finesse according to your taste, invite friends over, or even teleport from (interoperability). Let's say that our metaverse avatars/holograms are at the forefront of every life experience and that VR/AR transports us to the Metaverse. In the Metaverse, avatars and other metaverse project components function similarly to SSO credentials online (without security), granting users access to everything the world offers. Metaverse NFT Looking at the success of markets found on virtual games with avatars such as; metaverse Roblox and Fortnite, there's no telling how much expansion this would bring to the NFT platforms. Creators and artists will connect with their audiences in new ways and bring them into these shared experiences. Rather than just the same-old conventional visual effects, new creator capabilities will bolster 3D objects that are highly responsive and pragmatically reactive, including a realistic sense of depth and occlusion. These developments would likely allow NFT projects to appeal to an even broader audience. Finally… Metaverse is a revolutionary new technology that offers incredible capabilities to live out anything we want in virtual reality, thanks to 3D avatars. At the risk of sounding hyperbolic, Metaverse is slowly becoming historic. This prominence is especially with Generations Z'ers and Alpha tapping into its augmented gaming experience. Depending on which school of thought you subscribe to, it's safe to say the future is expanding beyond anything we can imagine, and soon, the metaverse events won't just be a tool you can use but a necessity. Imagine a world where your devices won't be the focal point of your attention, still, where your thoughts are reflected in the physical world. Instead of typing or tapping, you're going to be able to gesture with your hands or say a few words, and bingo! The virtual experiences occur! This is the Metaverse!. What do you reckon? Are you excited about the Metaverse experience? Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!

It's been two decades since Dubai made its first foray into Digitization. Also known as the 'City of the Future,' Dubai has, over the years, continued nurturing ecosystems that thrive on innovation and disruption, which synchronously bolsters transformation. In 2014, the Dubai smart initiative was instituted; this initiative preceded the blockchain provenance in the city with continued research to decipher the advanced and emerging technologies that would go on to help Dubai pioneer cutting-edge innovative services. Dubai took the smart city Blockchain project from an experienced perspective; in contrast to the individual approach, Dubai launched the blockchain project focusing on three elements. The first step is to migrate all applicable government services to Blockchain and run them on it entirely. The second component supports building a Blockchain industry in Dubai by attracting startups and entrepreneurs. The third is transferring the government services to the Blockchain industry. Blockchain implementation has gone beyond borders and the status quo to become a societal augmenter in this city. This impact has proliferated into the real estate sector, having health and educational records on top of Blockchain, thereby evoking efficiency from a mediated to a disintermediated system making generic experiences more personalized, seamless, efficient, and impactful. Last year, His Highness Sheikh Mohammad bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, officially declared the beginning of a new stage on a journey to digitize life in all parts of the economy by leaning towards Blockchain use. The Strategy Dubai initiated its vision of becoming the happiest and most sustainable city using the Emirates Blockchain strategy 2021 and the Dubai Blockchain Strategy. The former helped migrate 50 percent of government transactions onto the blockchain platform, while the latter helped gravitate the city's operations towards Blockchain. Dubai employed these proactive strategies, where it executed 24 blockchain use cases covering eight main sectors: commerce, real estate, transportation, security, health, finance, education, and tourism. Dubai worked on these projects by homogenizing the government and private sector players' efforts. This Blockchain platform was inaugurated in coalition with IBM and Smart Dubai to enable numerous organizations and government parastatals to build blockchain-enabled networks across complex use cases without investing in individual infrastructures. Such assertive strategies helped Dubai usher in economic opportunities for all sectors in the city, and cement Dubai's reputation as a global technology leader, in line with the "Smart Dubai" mandate to become a global leader in the innovative economy, fueling entrepreneurship and global competitiveness. Owing to this innovation, Dubai is today home to over 100 blockchain businesses, has seen a 24 percent increase in the use of Blockchain as compared to the global average of 19 percent, and expects to have more than 1000 blockchain businesses in the foreseeable future hence the name 'Blockchain city.' Through summits and hosted Blockchain events, Dubai city's blockchain learnings have been compiled and shared with the public to benefit cities worldwide. What Does This Mean for Dubai Citizens/Residents? The incorporation of Blockchain into the city of Dubai espouses economic importance. This innovation, if quintessentially maintained, means the citizens and residents would inadvertently experience an upgrade in performing a once-cumbersome process that is time-consuming and requires intermediate governmental involvement to a process that is fast, reliable, efficient, and frictionless. At Long Last… This priceless decision made Dubai a flagbearer for the next generation of visionaries in a borderless world of unprecedented choice. With uncompromising credibility and unparalleled connectivity, it's safe to say Dubai is a global nexus providing an excellent test for innovators, transformers, and disruptors. Contrary to popular misconception, utilizing Blockchain's capabilities does not jeopardize government functions and regulations. Blockchain enables high authentication and security at a rapid rate, fulfilling the two fundamental tasks of government: authenticating transactions and providing proper encryption or security of these transactions. In a race for excellence that has no finish line, Dubai has become a research and development cradle of our tomorrow by fueling exponential tech realities that question conventions and break stereotypes, one instance that again promulgates the reliability of Blockchain! Looking at Dubai, how would adopting Blockchain affect your current city? Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!

We live in an era where gaming continues to create a massive appeal to a large demographic, especially millennials, Gen Z's, and Alpha. From pre-pubescent kids playing the Pokemon games to soccer moms hypnotized to their phone screen trying to beat their previous high score in Candy Crush, video games genuinely appeal to a large audience. Previously noted as a hubbub of fun and leisure, the gaming industry is revolutionizing into the latest media to experiment with, racking in enormous revenues and colorful clientele for the industry. Gamification has become seminal and creates excitement and mania among business owners or entrepreneurs, despite losing traction and being scrapped from the vernacular of modern user experience (UX) design. Also, marketplaces employ this concept to increase their app use, and luxury brands collaborate with world-renowned games, all in the quest for customer engagement. An archetype of this process is the infamous Roblox Gucci collaboration that has translated Gucci's products, not just as customized fashion items in the game, but helped amass more than 3 million dollars in just two weeks! Breaking Down Gamification. This buzzword may appear self-explanatory or complex, but the basic concept is straightforward. Imagine living in a video game with multiple digital rewards and incentives for real-life successes; you'll be more driven to act. We are all naturally drawn to the prospect of obtaining rewards for our behaviors, which is the foundation of the gamification ideology. Gamification is a technique for engaging and motivating individuals while promoting user retention by incorporating unique and tempting game mechanics and design into non-gaming apps. It's literarily stating, "I'm going to figure out what motivates you, and then I will utilize that driving factor to get you to do something you wouldn't normally do." Then wind up and repeat, this time with a different motivator. Incorporating this technique is a strategic attempt to augment either systems or activities in such a way as to propel engagement, collaboration, sharing, and interaction among consumers, employees, and partners, facilitated by enticing incentives. These incentives involve the association of gamification badges, points, rewards, and leaderboards, among other incentives to products, where users get rewarded after performing a task. Points and badges are all components of Gamification, but the veridical truth is that you need some strategies if you want Gamification to work for your business. Practical Application of Gamification Strategies to Business Processes People enjoy competitions, but they appreciate rewards even more. If you think about it, this is how our society operates. The theory behind implementing this technique is to create an emotional connection with the audience, a long relationship, and commitment instead of simple brand awareness. If you gamify your sign-up forms, you can easily attract many subscribers to your mailing list. To illustrate this, ask your potential users to spin the wheel. They will almost certainly do so because they find it entertaining. As a result, they'll be cool with you asking them to join your mailing list to claim the reward! Gamification is a spectrum ranging from outright games to subtle implementations that are not a game. If you consider the national defense sector a business, the FPS American Army game is a sublime example of Gamification for the recruitment team of the US Army. The military primarily created this game to familiarize the younger generations with the US Army while psychologically embellishing their interest in joining the army. A pure instance of using game mechanics to drive engagement. After building a leadership training rubric for senior executives, Deloitte turned to Badgeville to introduce gamified elements like badges, leaderboards, and status symbols that measured the participants' performance. There Are No Silver Bullets Here As a digital solution provider, I would say Gamification is a powerful tool. If used correctly, it can help keep people engaged with your products while teaching them and, most importantly, giving them a sense of fun. With Gamification, we can look through a lens to understand the combination of different game mechanics and techniques that help form a soothing and satisfying experience. Rather than just looking at Gamification as an engagement problem solver, we have come to understand that it will be one of the most powerful strategic tools in the future for businesses to drive growth and profitability. It will also provide relevant experiences for consumers and employees, alongside building a substantial retention rate through integrating Gamification in education. Pondering on this, what other innovative gaming business model have you seen, and would you love to see? Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!

If you have been around Blockchain or cryptocurrencies for a while, you've likely heard about Web 3.0. A game-changer for the internet, creating new possibilities and potentials in conjunction with a tremendous upside. For context, let us discuss the preceding versions of Web 1.0 and Web 2.0. Web 1.0, also known as Syntactic Web, covers from 1991 to 2004, when the Web was mainly informational and contained stagnant contents without dynamic links or interactivity such as; logging in users, posting personal items, and even commenting on blogs. To break it down, this was a 'read only' internet where users' roles were limited to reading the information provided by the content producers. If you are reading this blog, you are an avid user of Web 2.0. Also referred to as Social Web or read-write web, the provenance of this internet reads from 2004 till date. Fondly called the 'read-write' Web, this Web version brought about a foundational shift to an internet where people could share their perspectives, opinions, thoughts, and experiences through various online tools and platforms. While the Web 2.0 wave is in vogue and still bearing fruit, we are starting to catch a glimpse of growth emerging from the subsequent revolution in internet applications - the web 3.0. Web 3.0 - What Does This Mean? Web 3.0 is a form of internet powered by Blockchain or a condition of the internet not attainable before the eruption of Blockchain. This next iteration of the internet, also referred to as the 'read-write-execute,' is a type that leverages machine learning, artificial intelligence, and Blockchain to help websites and apps process information in a smart human-like way. By combining the decentralized, community-governed standards of Web 1 with the advanced functionality of Web 2, this next stage of web evolution would upgrade with features like; open and permissionless and native money. One example of Web 3 apps is the Axie Infinity app, a gaming metaverse that connects gaming and decentralized finance (DeFi). How Will Web 3.0 Disrupt Our Society? As this new internet becomes increasingly decentralized, you won't have to have a different account for every platform like Twitter or Amazon. Instead, tools like metamask and trust wallet will allow anyone to access decentralized applications(DAPPS), from anywhere, without being required to hand over any sensitive information. Instead, our web3 apps and tools would run on smart contracts rather than getting overly optimistic on human intermediaries. This internet would reduce monopolistic behaviors like shutting down competitive sites and services or unsolicited access to people's private data. Many of today's web services ask the user to provide personal data to enjoy the benefits of the service adequately. This issue has proven significant, as users automatically lose control of their data and who has access to them. Juxtaposing the centralization of the quotidian internet to Web 3.0, Web 3.0 would guarantee that users have total control over their data, thereby galvanizing a more secure and safe system than their centralized counterparts. The essential evolution enabled by web 3.0 is the depreciation of the trust required for interaction on a global scale. Trust would be implicit and automatic – leading to the inevitable end of middlemen utilization. To better understand this new concept, it is necessary to understand what this Web version would constitute. Features of Web 3.0 1. Semantic Web: Web 3.0 will harness the possibilities of semantics, enabling gadgets and computers to generate, share and analyze data herded by the ability of those technological gadgets to understand the significance of the words directed at them instead of using keywords and numbers. 2. AI and Machine Learning: Considering the ability of these new Web to fathom human-centric exertions, Web 3.0 machines uphold their intelligence by being capable of automatically fulfilling users' demands. 3. Virtual Reality and Augmented Reality: Through revolutionized 3D, Web 3.0 will corporealize the 3D virtual world into our physical world, where anything can be possible, even teleporting. 4. Ubiquity and Connectivity: Thanks to semantic metadata, information will be more connected to the internet, granting easy access and usage of the Web. Contents will be within reach by diverse applications and can function everywhere. 5. Native Currency: Since all Web 3 will operate on Blockchain, exchanges will be in crypto, providing a tamper-proof, transparent, and efficient means of trading. For all intents and purposes, and as a Blockchain enthusiast, I give credence to Web 3.0 as a revolutionary change that will improve the internet landscape while synchronously helping users regain ownership over their data and identity. This paradigm shift on the internet brews the potentials of fueling the new ownership economy that holds numerous possibilities of large scale that could transform the internet. With these in mind, do you feel Web 3.0 is a good idea or another concept that might blow up in our faces? Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!

Recall the last time you utilized a vending machine. Have you ever thought about the complexities behind the operation of an automated electronic system? Depending on pre-programmed rules and instructions, you can put money in this machine and choose what you want. It will only release your order if you press a button, enter a code, and the machine checks that the order follows the machine's specified rules and instructions. Smart contracts function similarly to vending machines. When the predefined conditions and rules are met, these contracts automatically enforce themselves, leaving both parties satisfied without the interference of an intermediary. This way, the only ones concerned would be both point-blank parties involved in the contract. This instance means there won't be any need for go-betweens like the involvement of a financial institution, notary, or lawyer. Consulting with a lawyer before getting your snack(s) from a vending machine will be super weird! Now that you have a rudimentary knowledge of what smart contract is all about let's dive into what these digital contracts or software are. What Is A Smart Contract? Smart contracts are a set of computer codes that automatically facilitate the execution of an agreement when prerequisite conditions have been met or verified and are encoded into an immutable distributed ledger - the Blockchain. In the context of this blog, the executed agreement or actions could include: · Allowing businesses to streamline business processing by applying business rules such as. · Transfer of funds between two parties. · Sending notifications. · Even issuing a ticket. Encoded into the blockchain technology gives this software a decentralized feature, galvanizing the disposal of the intermediaries. This action is possible because the code automatically takes the position of an enforcer, thereby making the role of, for example, a lawyer dispensable in properly executing contracts. With the smart contract, only the computer code can determine when a contract has been fully or partially executed, thereby espousing these protocols' smart' nature. Like any legally binding contract, the smart contract, referred to as 'Chaincode,' replicates all the notions of a regular contract but is highly automated and effectively stored in a blockchain like cryptocurrencies. How does Smart Contract Work? If you have seen the Sci-Fi movie "The Matrix," you cannot easily forget the "Oracle," who knows everything and discloses to Neo details about the world beyond the fictional world of the matrix. Most smart contracts function like Oracle because external applications feed them with every possible data and instruction to fully utilize and adequately respond to transaction initiations. These data and instructions follow an objectively simple and specific input parameter, the "If/when…then…" logic, espousing the initiation and execution command. In other words, if "X" happens, execute "Y," for instance, moving an amount of cryptocurrency from party A's wallet to party B's wallet after specific parameters are satisfied. So, how can a smart contract be created or signed using technology? The Ethereum cryptocurrency dubbed the "Smart contract's Pen and Paper" is used in creating these algorithms. Each contract is executed on the EVM (Ethereum Virtual Machine) with this currency and is completed when payments are made using the ether cryptocurrency. The 'Gas Fee,' as it is known, limits the influx of overly complicated and a slew of smart contracts. The 'Solidity smart contract' is an example of a smart contract that leverages the Ethereum platform. Benefits of Smart Contract Independence: Smart contract disintermediates transactions. This contract implies that there won't be any need to depend on third parties or intermediaries. Due to this decentralized nature of Blockchain, you wouldn't have to worry about intrusion from anybody. Trust: If you are familiar with Blockchain's capabilities, you know the technology's trustworthiness and immutability. There is no way to modify an individual's data for personal gain because there is no involvement of a third party. Security: The CEO & Co-founder of Yousign asserts that "Smart contracts further limit IT security risks. Currently, it is easier to 'hack' a conventional human contract than to hack an encrypted uninterpretable code. Speed & Efficiency: Since Blockchain monitors this contract, there is zero need for tampering or reconciling errors, producing instant, secure and accurate results. Finally... These escrow-like codes are not just limited to the finance sector. As you can imagine, they are applied in governmental activities, indemnity/insurance, healthcare, education, and even real estate. Anyone can theoretically use smart contracts in any situation that needs the exchange of goods for services. These contracts would simplify commercial negotiations, making trading more accessible, efficient, and profitable for all parties involved. Wouldn't it be marvelous! To live in a world where every business has a Smart contract application? Follow my Twitter @JoyyuanWeb3 to learn about the trends of Blockchain, Crypto, and Web3!