The Ethical Implications of Collectible NFTs: Examining Issues of Ownership and Access

The market for art and collectables has been dominated by non-fungible tokens (NFTs), some of which fetch millions of dollars. While this has inspired excitement among collectors and producers, it has also prompted ethical questions about ownership and access. In this post, we will look at rights and access difficulties and the ethical implications of collecting NFTs.

The Ownership Question

Ownership is one of the leading moral concerns surrounding collecting NFTs. Owning tangible works of art and artefacts is well-established, but digital right is more nuanced. NFTs claim digital asset ownership, but it is still being determined if this claim is valid and enforceable. Disagreements over ownership rights will develop between creators and purchasers.

Concerns about how NFTs would affect established conventions in the art industry are also raised. The resale right, which ensures that artists receive a portion of the proceeds from the sale of their creations, underpins how the conventional art market functions. NFTs still need to create a system that ensures creators receive a cut of future resales.

The Access Issue

Another ethical concern associated with collecting NFTs is access. NFTs present a fresh method of acquiring and exchanging digital goods but may also restrict access to the arts and culture. Exclusive digital assets could worsen already-existing access disparities to art and culture, particularly for people who need help to buy NFTs. This raises the possibility of online inequity.

NFTs further increase the risk of cultural appropriation because artists could utilise culturally significant images or symbols without giving due credit or receiving payment. Who has the right to use cultural heritage and how should they be rewarded are questions that are raised by this.

Case Studies

Due to ownership and access concerns associated with NFTs, some high-profile incidents have caused controversy. For instance, the sale of a popular Nyan Cat meme as an NFT for almost $600,000 has sparked debate over the ownership of memes and the payment of meme creators.

Another illustration of how exclusive NFTs may be and how they might restrict access to art and culture is the $69 million sale of Beeple’s digital artwork.

Recommendations and Solutions

NFT platforms and creators can take action to advance transparency, inclusion, and ethical practices to address these moral problems. NFT platforms, for instance, can set up procedures that ensure artists receive a portion of the proceeds from the sale of their creations. They can encourage more inclusive practices by allowing customers to access NFTs at various pricing ranges.

Buyers and collectors can also play a role in fostering ethical practices by paying closer attention to the designers of NFTs and avoiding those that support cultural appropriation. Additionally, they can promote greater openness and diversity in the NFT market.


The market for art and collectables has seen exciting changes thanks to valuable NFTs, but these innovations have also raised ethical questions regarding access and ownership. Buyers and collectors may support transparency and diversity by supporting NFT platforms and producers in their efforts to promote moral behaviour. By addressing these ethical concerns, we can ensure that the future of collecting NFTs is fair and equitable for everybody.

Posted in NFT

How to Identify Profitable Altcoins: A Comprehensive Guide

As the cryptocurrency market continues to grow, there is an increasing number of altcoins emerging that offer potential investment opportunities. However, with so many altcoins available, it can be challenging to identify the most promising projects with the potential for significant returns. This comprehensive guide will provide you with the knowledge and strategies to help you identify profitable altcoins and make informed investment decisions.

Please note that this article is for informational purposes only and should not be considered financial advice. Always do your research and consult with a financial professional before making any investment decisions.

Identifying Best Altcoins in 2023

Understand the Basics of Altcoins

Before diving into the process of identifying profitable altcoins, it is essential to have a basic understanding of what altcoins are and how they work. Altcoins are any cryptocurrencies other than Bitcoin and are often created to provide new features or improvements over Bitcoin’s technology. There are thousands of altcoins available in the market, and while some have the potential for significant growth, others may struggle to gain traction or ultimately fail.

Research the Project’s Fundamentals

The foundation of any successful investment strategy is thorough research. When evaluating potential altcoins for profitability, start by researching the project’s fundamentals. Some key factors to consider include:

Purpose: What problem is the altcoin trying to solve, and how does it plan to do so? The altcoin should have a clear use case that sets it apart from other cryptocurrencies and addresses a real market need.

Team: A strong, experienced team is essential for the success of any project. Research the backgrounds of the project’s founders and developers, looking for relevant experience and a track record of success.

Technology: Assess the technology behind the altcoin, including its blockchain, consensus mechanism, and any unique features. The technology should be innovative, secure, and scalable to support the project’s long-term growth.

Partnerships: Strategic partnerships with established companies or organizations can lend credibility to a project and provide valuable resources for growth. Investigate the project’s partners and their involvement in the project.

Tokenomics: Evaluate the tokenomics of the altcoin, including its total supply, circulating supply, and token distribution. Tokenomics should be designed to incentivize network participation, support the project’s use case, and promote long-term growth.

Analyze the Market Performance

Once you have assessed the project’s fundamentals, it’s essential to examine the altcoin’s market performance. Some key market indicators to consider include:

Market Capitalization: The market capitalization of an altcoin represents the total value of all tokens in circulation. A higher market cap indicates a higher level of investment and, potentially, a more stable investment. However, lower market cap altcoins may offer greater growth potential, albeit with higher risk.

Trading Volume: High trading volume is a positive sign, indicating strong interest and liquidity in the market. Low trading volume may suggest a lack of interest in the project or limited liquidity, making it more challenging to buy and sell the altcoin.

Price History: Analyzing the altcoin’s price history can provide insights into its historical performance and potential future trends. Look for patterns, such as support and resistance levels, and consider the impact of market events on the altcoin’s price.

Assess Community Support and Development Activity

A strong community and active development are crucial for the success of any altcoin project. To gauge community support and development activity, consider the following:

Social Media and Forums: Examine the project’s presence on social media platforms, such as Twitter, Reddit, and Telegram. A vibrant community with active discussions and engagement can be a positive sign. Be cautious of overly hyped projects or those with a disproportionate number of followers compared to engagement, as this may indicate manipulation or fake accounts.

GitHub Activity: GitHub is a platform where developers can collaborate on projects and share source code. Review the project’s GitHub repository to evaluate the development activity, including the frequency of code updates and the number of contributors. Active development can indicate a healthy project, while a lack of updates may be a red flag.

Roadmap: Examine the project’s roadmap to understand its future plans and milestones. A well-defined, realistic roadmap with achievable goals can provide insight into the project’s potential for growth and development.

Consider the Competitive Landscape

Understanding the competitive landscape within the cryptocurrency market is essential when evaluating the potential profitability of an altcoin. Research the project’s competitors, focusing on their technology, market positioning, and adoption. Consider the following:

Market Share: How does the altcoin’s market share compare to its competitors? A larger market share can indicate a more established project, while a smaller market share may suggest an opportunity for growth.

Competitive Advantages: What sets the altcoin apart from its competitors? Identify any unique features, technologies, or partnerships that could give the project a competitive edge.

Adoption and Real-World Use Cases: Evaluate the adoption of the altcoin and its competitors, focusing on real-world use cases and partnerships. A project with greater adoption and real-world applications may have a higher potential for profitability.

Analyze Technical Indicators

Technical analysis can provide valuable insights into the potential future performance of an altcoin. While technical analysis is not a guarantee of future results, it can help identify trends, support and resistance levels, and potential entry and exit points. Some popular technical indicators to consider include:

Moving Averages: Moving averages smooth out price data to help identify trends. Commonly used moving averages include the 50-day, 100-day, and 200-day moving averages.

Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the speed and change of price movements. An RSI below 30 is generally considered oversold, while an RSI above 70 is considered overbought.

Fibonacci Retracements: Fibonacci retracements are based on the Fibonacci sequence and can help identify potential support and resistance levels during a price correction.

Diversify Your Portfolio

When investing in altcoins, it’s essential to diversify your portfolio to manage risk and increase the potential for returns. Consider investing in a range of projects with varying market capitalizations, technologies, and industries. A well-diversified portfolio can help mitigate the impact of market volatility and reduce the risk associated with investing in a single project.


Identifying profitable altcoins requires a combination of thorough research, market analysis, and a solid understanding of the cryptocurrency landscape. By carefully evaluating the project’s fundamentals, market performance, community support, and competitive landscape, you can make informed investment decisions and identify altcoins with the potential for significant growth. Remember to diversify your portfolio, manage risk, and stay informed about market developments to increase your chances of success in the ever-evolving world of cryptocurrencies.

How to get ERC20 wallet address in Trust Wallet

Getting started with cryptocurrency and its associated concepts can be intimidating. That’s why we are here to guide you through the technicalities of creating an ERC-20 compatible wallet address, so that you may receive tokens in a secure manner. With our step by step instructions, it will become easier for anyone – even those unfamiliar with new technology – to gain greater understanding into this world of crypto innovation!

Overview of ERC20 tokens

Before we get started, it is important to understand the concept of ERC20 tokens. An ERC20 token is a type of cryptocurrency that operates on top of the Ethereum blockchain. These tokens are developed and distributed through smart contracts and provide a way for developers to create their own digital assets.

Creating an ERC-20 wallet address in Trust Wallet

Now that we have a better understanding of ERC20 tokens, let’s go over how to create an ERC-20 wallet address in Trust Wallet.

1. Download the Trust Wallet app from the Apple App Store for iOS devices or Google Play Store for Android devices and open it up.

2. Create a new wallet by entering your name and email address.

3. Back up your wallet with the provided phrase and confirm it to proceed.

4. Now, tap on “Receive” to access your ERC-20 compatible wallet address. This is the address that you can share with those who want to send you tokens.

5. To view your wallet address again, select “Copy” in the top right corner and send it to whoever needs it.

Congratulations! You have successfully created an ERC20-compatible wallet address that you can now use to receive tokens securely. Now that you know how to get an erc20 wallet address, you can begin to explore the world of cryptocurrency and its associated concepts. Thank you for joining us on this journey!

Note: It is important to remember to back up your wallet in case of any unforeseen event. This way, you will always have access to your funds. Additionally, make sure to double-check the wallet address before sending or receiving tokens.

How to store and manage your ERC20 tokens safely using the Trust Wallet

Now that you have created your ERC20 wallet address, you will need secure storage to ensure its safety. Trust Wallet can be used for all of your cryptocurrency needs, from storing, sending and receiving tokens to securely exchanging between multiple assets.

To store and manage your ERC20 tokens safely:

1. Open Trust Wallet app on your device and select “Manage”.

2. Tap “Add Tokens” in the top right corner to add all the ERC20 tokens that you plan to use.

3. Once done, tap the “Receive” tab at the bottom and select any token from your list to copy its wallet address for easy access when transacting.

4. Finally, tap “Send” if you want to transfer funds from one wallet address to another. All you have to do is enter the wallet address and amount of tokens that you wish to send.

By following these instructions, you can securely store and manage your ERC20 tokens with Trust Wallet app. With this knowledge in hand, you are now well equipped to explore the world of cryptocurrency and its associated concepts!

Tips for keeping your ERC20 wallet secure and safe from hackers

Cryptocurrency wallets are vulnerable to hacking and scams. It is important that you take the necessary precautions to protect your wallet address from malicious actors. Here are some tips to help you keep your ERC-20 compatible wallet safe:

1. Use a strong password or passphrase with at least 8 characters and store it in a secure location.

2. Use two-factor authentication (2FA) whenever possible to further secure your wallet.

3. Always keep a backup of your private key and store it in a safe place that only you can access.

4. Be aware of phishing attacks and do not open any suspicious links or emails.

5. Install antivirus software and always keep it up to date.

6. Never share your wallet address with anyone or store it on a public computer.

By following these tips, you can ensure that your ERC20 wallet is kept secure and safe from hackers. With this knowledge in hand, you are now well-equipped to handle your cryptocurrency transactions with confidence!

How to get ERC20 wallet address: Conclusion

We hope this article has helped you understand the process of creating an ERC20 wallet address with Trust Wallet. With the right tools and knowledge, anyone can securely store and manage their ERC-20 compatible tokens.

Remember to always back up your wallet in case of any unforeseen event. Additionally, make sure to double-check the wallet address before sending or receiving tokens.

Finally, take the necessary precautions to protect your wallet from malicious actors and keep your funds safe! We wish you all the best on your cryptocurrency journey.

Where to buy Kin crypto: Quick Guide

With specialized marketplaces such as Kraken, you can now purchase Kin (KIN), the cryptocurrency of popular mobile messaging and social media app Kik. Akin to stock trading platforms, these exchanges allow for secure buying and selling of cryptocurrencies so users with an iPhone or Android device can easily get involved in this digital revolution!

How to buy Kin crypto

Step 1: Sign up for a cryptocurrency exchange where you can buy and sell Kin.

Step 2: Verify your identity on the exchange by providing valid forms of identification (such as a driver’s license).

Step 3: Fund your account with cash or a credit card to purchase Kin.

Step 4: Select the amount of Kin you want to buy and confirm the transaction.

Step 5: Store your cryptocurrency in a secure wallet where you can easily access it when needed.

It is important to keep in mind that most exchanges charge fees for trading cryptocurrencies, so be sure to check what fees are associated with your exchange of choice. It is also important to remember that the prices of cryptocurrencies can be volatile and vary from exchange to exchange, so make sure you take time to compare different exchanges before making a purchase.

Where to buy Kin crypto

If you are looking to purchase Kin, you can find it on a variety of cryptocurrency exchanges. Some of the most popular ones where you can buy the token include Kraken, Bittrex, and Upbit.


Kraken is a secure platform where users can buy, sell, transfer and store digital assets such as cryptocurrencies. The exchange offers an easy-to-use interface where you can purchase Kin using either cash or a credit card.


Bittrex is another popular platform where users can buy and sell cryptocurrency, including Kin. This exchange offers high levels of security and reliability, as well as excellent customer service.


Upbit is a South Korean crypto exchange where users can buy and sell a variety of cryptocurrencies. They offer competitive fees for trading Kin as well as fast transaction times.

When choosing where to purchase Kin, be sure to do your research first and compare the different platforms available. This way you can find the best option that suits your needs and budget.

Remember to always safeguard your cryptocurrencies by keeping them in a secure wallet where they are safe from hackers and scammers. With the right knowledge and preparation, you can make a successful purchase of Kin and join the world of cryptocurrency trading!


Once you have completed the above steps, you are now ready to buy Kin crypto! With these steps in mind, you can easily purchase Kin and be part of the digital revolution.

Please remember that when investing in cryptocurrencies, you should always do your research and never invest money you are not willing to lose. Cryptocurrency trading is highly risky and may result in losses if done incorrectly. Invest responsibly at all times.

How to Add Utility to an NFT: Practical Tips

What are NFTs and What Is Their Potential?

NFTs emerged not so long ago, around 2012-2013, and were initially issued on the Bitcoin blockchain. NFTs are digital tokens whose main utility is to prove the ownership of any asset, thus their appellation Non-Fungible-Token, meaning that every NFT is unique and identifiable. Art and utility NFTs grew fast in popularity during 2021, generating a whopping $2 billion in the first quarter only and attaining a peak in popularity at the beginning of 2022. The hype didn’t last though, and the amount of interest NFTs initially had then slowly faded away. That’s mainly so because a large portion of them was created without adding utility, diminishing those NFTs’ usefulness in the long term.

NFT utility means real-life use cases and benefits that owning an NFT may procure you. The more there are, the more holding onto this NFT makes sense, giving it long-term value. To give you a concrete example, imagine you just bought a painting whose only intrinsic value is decorative. All you can do with it is either appreciate its aesthetics while hanging on your wall or sell it. But instead of this, the gallery from where you bought it allowed you to expose it in future art exhibitions and earn money from lending it. The gallery just created a utility for your painting, and the same pattern can be followed for NFTs.

NFTs’ potential is enormous and they can easily be used in many ways in our daily lives. One example of how NFTs can benefit us is ticketing, where NFT uniqueness and identifiability can avoid many problems concerning counterfeiting, thanks to an NFT being linked to its owner. To push this idea further, the NFT ticket can be used to purchase merchandise on-site, which significantly lowers operating costs, knowing that the artist can sell its products with no middlemen involved.

Another interesting use for any object that has been transformed into an NFT is using it as financial collateral to take out a loan. This allows the owner to use the NFT money value without selling the NFT, but only if he doesn’t default on his loan.

Why Is It Important to Add Utility to Your NFT?

Utility for an NFT completely changes the game, as it offers benefits for owning an NFT, and so increases the demand for it and thus its price. One of the best NFT utility ideas we saw when doing research is the utility the Bored Ape Yacht Club gave to their NFTs, where the token itself doubles as your membership to their club, allowing you to participate in many exclusive organized events, meet the founders and get to know other Bored Ape NFT holders. There is also another category of NFTs, called utility NFTs, which are completely designed around the utility they offer. One example is “Cocky”, whose NFTs give you access to global music events.

NFT projects that didn’t add any particular utility or value to their NFT collections saw their price action rapidly decrease with time, as interest fades out because of fierce competition. For your NFT project to be successful, thoroughly thinking about how to add utility to your project is vital both in the short and the long term, thus allowing you to gather a user base for your project.

Your online community will then help you organically grow your project by sharing it with friends and may also be the first reason why people would want to own your NFT. The idea of having exclusive access to an event or club is interesting here, as people see this feature as valuable, especially if the project gains in popularity — something that you might want to keep in mind while working on your project.

Some Practical Tips for Adding Utility So You Can Get Inspired

The NFT world is huge and has specialized decentralized marketplaces for you to buy and sell NFTs, and to do so effectively, you better create NFTs with utility. Utility NFTs take various forms, such as community NFTs, fantasy sports NFTs, gambling NFTs or social NFTs, depending on where and how the NFT will be used. The image above shows all the different types of utility NFTs.

So now, let us give you a few examples of how to add utility to an NFT collection and potentially make a difference. You first need to consider how important it is to differentiate yourself from the competition. New NFT projects flood the market every day; many are just a quick way for their creators to make money, and many others are intended to last but do not succeed. You need to build utilities for your NFT and to do so, here are some practical ways and tips to get inspired from:

Exclusive Membership NFTs

  • Exclusive membership to a club is a great way to involve your customers. People like to be part of bigger things, giving them a feeling of belonging.


  • The most common way to give utility is to include free merchandise, as it is appealing to have a physical product that complements its digital counterpart.

Providing services

  • Another popular way to add utility to NFTs is by providing a service to your NFT holders. The service you provide can be anything relevant to your company or organization and will help you build a better relationship with your customers.

Voting rights

  • You can also involve your community in the project you are building. This can be done in many ways, such as giving voting rights that will allow your community to steer your project with you.

In-game NFTs

  • In case your project is a metaverse or a video game on the blockchain, providing in-game NFTs is a great way to let your community have a unique character they can use to attend metaverse events, or benefit from unique characteristics in case it’s a video game. You can also further incentivize people to participate in your digital events by offering digital collectibles.

Crypto and Airdrops

  • To help yourself while selling your NFTs, you can develop an elaborate business strategy in order to involve your community to the maximum. To do so, you can create a cryptocurrency and airdrop some of it to your NFT holders, while of course thinking about other use cases for both your NFT collections and the associated cryptocurrency.

Whitelist Opportunities

  • Finally, you can provide whitelist opportunities. This means giving early access to your future projects to current users, further strengthening your relationship with loyal customers.
How to Differentiate Yourself from the Competition While Adding Utility

Creating NFTs and adding utility to them is not the only thing that will differentiate you from the competition. Considering how you will brand your project is an important aspect for your NFT collection to stand out. Branding is an important concept in marketing and stands for the process of creating a distinct identity for a business in the mind of the target audience.

To give you a well-known example, what does a bitten apple makes you think of? Obviously, Apple! The idea here is simple but may be complex to apply. Think of branding as the blueprint for how you want the world to see your project. You can follow these simplified steps, but don’t forget to research further about how branding is done.

  1. Do some competition and target audience research;
  2. Decide what is the focus of your project and its personality;
  3. Choose an adequate name for your project;
  4. Create a slogan;
  5. Choose your project’s aesthetic (colors and font);
  6. Create a logo for your project;
  7. Apply your branding throughout all the layers of your project;
  8. Build a community.

Now that you have an idea of the different layers that your NFT collection should have, you are ready to experiment with various designs and utilities to make your project really stand out, while focusing on being easily recognizable by your online community.

Posted in NFT

What is AMA in crypto?

A typical question that especially newbies who are just starting to learn about cryptocurrency ask is “What is AMA in crypto?”. AMA stands for “Ask Me Anything”. It is a popular format on Reddit, where people can ask questions about anything to the person who is hosting the AMA. In the cryptocurrency world, an AMA can be a great way to learn more about a particular coin or project. The host of the AMA will typically answer any questions that are submitted by users.

If you’re interested in learning more about a particular coin or project, then an AMA might be worth checking out.

Types of Cryptocurrency AMA

There are two main types of AMA in the cryptocurrency world: those hosted by the development team of a particular coin, and those hosted by members of the community. Development team AMAs are typically focused on providing information about the project. This can include updates on the project’s progress, new features that are being worked on, and more. Community AMAs, on the other hand, are typically more relaxed. They’re a great place to learn about how people are using a particular coin or project, and to get tips and advice from other users.

Typical Ask Me Anything Crypto questions

Here are some examples of questions that might be asked during an AMA:

  • What is the project’s roadmap?
  • What are the team’s plans for the future?
  • What are the main features of the project?
  • How can I get started with using the coin/project?
  • What are the benefits of using the coin/project?
  • Are there any risks associated with using the coin/project?

These are just a few examples of the types of questions that might be asked during an AMA. Of course, you can ask any question you want, and there’s no guarantee that it will be answered.

How to participate in an AMA?

If you’re interested in participating in an AMA, the first step is to find one that you’re interested in. You can typically do this by searching for the coin or project on Reddit, and then looking for an AMA thread. Once you’ve found an AMA that you’re interested in, simply post your question in the thread. The host of the AMA will then answer your question.

Keep in mind that not all AMA threads are created equal. Some AMAs may be much more active than others, and you may not get a response to your question if the AMA is inactive.

Shibaswap: What It Is and How to Use It

What is Shibaswap? Shibaswap is a new way to swap cryptocurrencies. With Shibaswap, you can swap your Bitcoin for Litecoin, Ethereum, or any other cryptocurrency in just a few seconds! Plus, there are no fees when you use Shibaswap. In this blog post, we will show you how to use Shibaswap and how to get the most out of this innovative new service!

How Shibaswap works

First, let’s take a look at how Shibaswap works. When you use Shibaswap, you are actually swapping your cryptocurrency for another cryptocurrency. For example, let’s say that you have Bitcoin and you want to swap it for Litecoin. To do this, you would simply send your Bitcoin to the Shibaswap address and then receive Litecoin in return. It’s that easy!

Plus, with Shibaswap, there are no fees! That’s right when you use Shibaswap, there are absolutely no fees! This is because all of the fees are paid by the person who is initiating the swap. So, if you’re swapping Bitcoin for Litecoin, the fee will be paid by the person who is sending you Bitcoin. This is a great way to save money on your cryptocurrency swaps!

How to use Shibaswap

Now that we’ve seen how Shibaswap works, let’s take a look at how to use it. Using Shibaswap is easy! Simply go to the website and enter the amount of cryptocurrency that you want to swap. Then, select the currency that you want to receive in return. That’s it! Once you’ve made your selection, your cryptocurrency will be swapped and sent to your wallet in just a few seconds!

Shibaswap is a great way to swap cryptocurrencies quickly and easily. Plus, with its low fees and fast transaction times, it’s sure to become one of your favorite ways to swap cryptocurrencies! Try it out today and see for yourself how easy and convenient it is to use Shibaswap!

New way to swap crypto

If you’re looking for a new way to swap cryptocurrencies, be sure to check out Shibaswap! With its low fees and fast transaction times, it’s sure to become one of your favorite ways to swap cryptocurrencies. Try it out today and see for yourself how easy and convenient it is to use Shibaswap!

Have you tried out Shibaswap? What do you think of this new service? Let us know in the comments below!

Why you should keep track your crypto transactions

Cryptocurrencies have become increasingly popular in recent years, with more and more people turning to them as an investment opportunity. However, unlike traditional investments, cryptocurrencies are notoriously volatile and can be extremely difficult to keep track of. This is why it is so important to keep track of your crypto transactions, so that you can make informed decisions about when to buy and sell.

One of the best ways to keep track of your crypto transactions is to use a cryptocurrency tracker. Cryptocurrency trackers are software programs that allow you to track the prices of different cryptocurrencies, as well as their movements over time. This information can be extremely valuable in helping you to make informed investment decisions.

There are a number of different cryptocurrency trackers available on the market, so it is important to choose one that meets your specific needs. Some trackers only track the prices of major cryptocurrencies, while others also track the prices of smaller, lesser-known coins. There are also some trackers that allow you to set up alerts, so that you can be notified if the price of a particular cryptocurrency reaches a certain level.

Once you have chosen a tracker, it is important to keep track of your portfolio. This means regularly checking on the prices of the different cryptocurrencies that you are invested in, and making sure that your overall portfolio is still diversified. Diversification is important in any investment portfolio, but it is especially important in the volatile world of cryptocurrencies.

If you are not already tracking your crypto transactions, now is the time to start. Cryptocurrencies are here to stay, and they are only going to become more popular in the years to come. By keeping track of your investments, you can make sure that you are making the best possible decisions about when to buy and sell.

The risks, rewards and efforts of Cryptocurrency

Crypto is a volatile market. Enter at your own risk. This is not investment advice. This is a document describing how I am using cryptocurrencies to generate a passive income for myself.

Of course, this works both ways. You can lose part of your investment but on the other hand, you might get big returns on your investment if a coin you hold goes 5x, 10x or more.

I list the Risk, Reward and Effort for every strategy in this guide from 1 (low) to 5 (high). These values are relative to the other strategies in this guide.

Referral links like the one I list in this document are another way to generate passive income. Rewards vary from % of exchange trading fee paid out to me, to a 1 time bonus, % of subscription fee or other ways.

This document is a work in progress. I will add some things in the future when my strategy or things change. If this guide is unclear for you at any point, please do let me know so I can update it! Should be 100% clear for everybody but I realise that’s not always easy 🙂


Security is important since money is involved. I use a separate email address that I don’t use for anything else with a unique, difficult password and two-factor authentication.

Additionally I use Apple’s built in iCloud Keychain as a password manager to propose and save unique, difficult passwords.

What are NFT’s (Non-Fungible Tokens)?

Non-Fungible Tokens are a new and exciting form of digital assets that may change the way we interact with one another in our online communities.

What are non-fungible tokens?

Non-fungible tokens, or NFTs, are a new form of digital asset that can be used in various different ways. They are similar to the items you collect in games such as Pokemon cards and CryptoKitties because they have unique attributes and cannot be duplicated.

NFTs were first created by 0xProject which is an open protocol for exchanging ERC20 assets on the Ethereum blockchain. The 0xproject defines an NFT as “an item with some intrinsic value.” This means that the token has something special about it, unlike bitcoin which can only be traded for other currencies.

Thus, in essence a non-fungible token is a cryptographic data token stored on a digital ledger (called a blockchain) that certifies any digital file to be unique. These NFT’s are used as a certification that a digital asset is unique and therefore not interchangeable.

How are NFT’s being used?

NFT’s allow users to create and trade digital assets that can have any sort of attributes attached to them, like rarity or ownership history.

Originally created as an open protocol on Ethereum by the 0xProject team in 2017, NFTs were designed as a replacement for traditional collectibles such as baseball cards because they provide value through their uniqueness while also being affordable thanks to smart contract support. This makes it possible to purchase items with virtually no barriers (e.g., high cost), something we might not be able see happen again if bitcoin transaction fees become too expensive due to increased demand from adoption.

Where can I buy NFT’s?

Non-Fungible Tokens can be purchased on any major cryptocurrency exchange with bitcoin, ether, and a host of altcoins. NFT’s also have an infinite variety of use cases in games like CryptoKitties, or NFT-based networks include Decentraland and Arkane Network.

How do I invest in this new technology?

In order to purchase these new assets for your collection you need to send Bitcoin (BTC), Ethereum (ETH) or some other type of digital currency to whichever seller is hosting it on their platform.

This means you will need to have an account with a cryptocurrency wallet and buy Ether before being able to purchase land in this virtual reality.

Why is it important for creators to have ownership of their creations?

Creators who use NFT’s for their content can prove digital ownership and authenticity with blockchain technology, which is an immutable ledger known as a ‘blockchain’.

For example, if someone wanted to sell a virtual sword they created in the game – this person would need access to the original block on Ethereum where it was generated so that he could show its true value.

The future of NFTs – what’s next for this new technology?

Now that we’ve seen what’s possible with Non-Fungible Tokens, it will be exciting to see the ways in which they are used next.

As more and more people become familiar with this new form of digital media, I am sure there will be many creative uses for them. From gaming to music distribution; from art collecting to cryptocurrency trading – who knows where these tokens might show up?