ABOUT CRYPTO, NFT’S & THE BLOCKCHAIN

What is…

Blockchain?

Blockchain is a decentralized digital ledger designed to record cryptocurrency and NFT transactions across a peer-to-peer network numbering countless computer systems. Blockchain is a revolutionary cryptography system that makes it impossible to manipulate financial data due to its redundancy across a widespread network. With blockchain, we can finally create decentralized digital currencies without the need for financial overseers such as governments and banks granting equity to individual.

NFT?

Known as a Non-Fungible Token, an NFT is similar to cryptocurrency in the way that it’s authenticated and protected by the same blockchain systems behind cryptocurrency. However, instead of basic number units, an NFT is actually a wholly unique form of data — typically art or other digital content such as music, images, videos and collectibles encrypted by an artist’s signature. Every NFT is a one-of-a-kind currency and offers true monetary value that can be converted to cash and various financial assets.

Cryptocurrency?

Cryptocurrency is a decentralized virtual asset secured in cyberspace through advanced encryption technology. The purpose of cryptocurrency is to grant financial autonomy to the individual outside of financial power structures such as banks and governments via decentralized networks known as blockchain. Cryptocurrency is considered a legitimate form of currency around the world and features unique valuations that can be converted to cash and various financial assets.

ABOUT WEB 3.0 & THE METAVERSE

Understanding…

Metaverse

The Metaverse is a sprawling network of 3D virtual worlds accessed through a virtual reality (VR) headset, where new heights of digital connectivity create venues for socialization, entertainment, Ecommerce, digital economy, government services, online learning and much more while transforming our understanding of what’s possible online. Although spawned from the advances of Web 3, The Metaverse is different in the sense that its focus is that of a virtual immersive experience focused on 3D graphics and the real-world image, rather than 2D graphics and text like the current web experience. Instead of clicking through a site’s links, users will have the ability walk through the World Wide Web virtually.

Web 3.0

Web 3.0 is the upcoming third generation of internet and an advanced web infrastructure powered by smart programs, artificial intelligence (AI), machine learning (ML), Semantic Web, 3D graphics, big data and decentralized apps (DApps) allowing for a more autonomous, decentralized and intelligent internet. With Web 3.0, internet data will become fully machine readable and make it possible to integrate the internet even further with our lives through automated interfaces that unite systems, people and devices on levels that can be described as truly futuristic.

THE MILLION DOLLAR QUESTION

How Can These New Technologies Create Wealth for Individuals?

 

As cryptocurrencies and NFTs become a widespread form of currency everywhere, economies are beginning to invest heavily in these technologies, resulting in a natural increase in value as demand overtakes supply. Those at ground-level of frontline cryptocurrencies such as bitcoin saw astronomical wealth growth in an era where the legitimacy of crypto was still questionable. Today, crypto has established itself as a permanent form of currency which allows ground-level innovations such as The Alt Project to create wealth-building opportunities for exclusive groups.