Roblox already makes hundreds of millions of dollars every quarter from the sale of its virtual currency, which users may use to buy items that are compatible with its restricted platform. Nonetheless, David Baszucki, the CEO and creator of the firm, can still see the Roblox ecosystem someday being opened up to enable non-fungible tokens to be used on other platforms in addition to his own.
In an interview with CNBC, Baszucki responded, “I want to highlight there’s a bit of a dream here about objects and NFTs moving from platform to platform,” in response to a question concerning opening up the Roblox platform to interoperability, a notion that is essential to many people’s hopes for how the metaverse should operate.
Though it was unclear, Baszucki did provide a scenario that he and his colleagues had thought about, it seemed as though they share the “dream” of interoperability. “We do believe some day, for example … I use the fun use case that someday Elton John may come on Roblox and make eight or ten one-unit, really cool capes, for example, and sell them for charity. And we would imagine some day that those would go off platform as an NFT, possibly get sold off platform, and then come back on platform.”
Instead of the closed ecosystems that now exist, when an avatar or object only functions for one single platform, interoperability would allow digital assets, like NFTs, to operate and function on many platforms.
According to Baszucki, if the idea of enabling NFTs on Roblox were to succeed, the creator—Elton John or Nike, for example—”would play a key role and have a fair amount of control in that process.”
With its phygital shoe line, which enables customers to buy limited-edition shoes upon possessing certain tokens it offers, Nike has made a considerable investment in NFTs.
Roblox May Need Some Time to Implement NFTs
An official at Roblox has previously hinted that NFTs could be permitted on the platform. Craig Donato, the Chief Business Officer of Roblox back in 2022, made reference to NFTs functioning on the platform one day, almost as if it was inevitable. However, he continued, saying that adopting NFTs didn’t seem “super important” at the time. Early this year, Donato departed from Roblox.
Even though Roblox has over 70 million active daily users, it might be beneficial for NFT adoption. However, as the platform is still growing its user base and making a sizable profit from selling its own currency, there is probably not much of a rush to implement NFT.
In the third quarter of this year, the firm produced $839.5 million in bookings, up 20% over the same time last year, according to a report released by the company on Wednesday. “Bookings” are defined by Roblox as the money made when users buy “Robux,” an in-app currency.
Tokenet, a new cryptocurrency lending platform from Digital Prime Technologies, was introduced by a group of former executives from Cantor Fitzgerald.
In the event that US regulators approve them, this platform is meant to meet the expected demand from operators of spot Bitcoin ETFs (exchange-traded funds).
Rebirth of Crypto Lending Before Approval of Bitcoin ETF
It was stated by Digital Prime Technologies that their service, Tokenet, allows users to lend out cryptocurrency, including Xapo Bank. Prominent customers including Hidden Road Partners and EDX Clearing are among the first to use this service.
The platform has a number of features that improve loan administration and monitoring, such as chat capabilities and risk management tools.
“Tokenet’s debut is a crucial and exciting step towards building trust and transparency in digital asset lending, especially in light of the present legislative challenges and market conditions. According to James Runnels, CEO of Digital Prime Technologies, “this platform redefines digital asset lending and embraces the regulatory safeguards of traditional finance.”
This launch comes at a perfect moment. In fact, it closes the hole left by the demise of a number of well-known cryptocurrency lenders including BlockFi, Celsius, and Genesis last year.
The failure of these lenders had a big effect on the cryptocurrency industry, resulting in lower trading volumes and a lack of trustworthy loan sources. The market debut of Digital Prime is a critical step in reviving the cryptocurrency lending industry.
Runnels underlined, “It’s almost like a rebirth of crypto lending,” and he illustrated a hypothetical situation in which approved participants in an ETF would decide to borrow Bitcoin rather than buy it right away amid price spikes in order to acquire it later at a discount.
The importance of Digital Prime’s debut is further enhanced by the mounting expectation of a US spot Bitcoin ETF license. Furthermore, industry insiders predict that this clearance might happen in a matter of months, which would lead to a strong demand for borrowing Bitcoin.
“We anticipate the SEC’s approval by late 2023 or early 2024, and we believe that US-regulated ETFs will mark a turning point in the cryptocurrency industry. We predict that after the halving, at its height, miner sales will be outnumbered by the demand for Bitcoin via ETFs. By 2028, we anticipate that Bitcoin ETFs will represent 9–10% of all Bitcoin in circulation, according to Gautam Chhugani, Senior Analyst for Global Digital at Bernstein.”
This demand is anticipated to provide a fresh opportunity for investment and expansion for the nascent crypto-lending sector.
Within the rapidly changing realm of technology, Elon Musk‘s pursuits are rarely without notice. A few weeks following his urgent appeal to stop training LLMs with capabilities higher than GPT-4, Musk executed his characteristic move: acting completely in opposition to his own advice. Enter Musk’s most recent invention, xAI, and Grok, a brand-new LLM that was unveiled on Saturday.
The project garnered media attention not just because of Musk’s participation but also because of the exclusive group of top AI experts that the business was able to hire from top startups and IT behemoths. While xAI was marketed as an AI that could “understand the world,” it remained enigmatic concerning the “how” and “what” of its workings. up until last week, however.
Is this simply an overhyped chatbot riding the tremendous wave of popularity and hoopla surrounding its predecessors, or is this another typical Musk effort to upset the current quo?
A Steady Flow of Up-to-Date Information
Grok has the ability to revolutionize the gaming since it provides access to the full Twitter content pipeline. Grok will possess a “real-time knowledge of the world,” according to xAI, showcasing what AI experts refer to as Reinforcement Learning from Human Feedback (RLHF), which involves analyzing news and a range of opinions about current affairs.
Grok will get a comprehensive understanding of the world by absorbing Twitter community comments, which are like annotations, and learning about events from several points of view.
Recent research indicates that consumers have already changed the way they look for news, going from social media to conventional media first. This process might be accelerated even more by Grok’s interface with Twitter, which provides users with real-time context, comments, and, if done correctly, real-time fact-checking. As xAI pointed out, Grok’s real-time knowledge function keeps it abreast of global events and enables it to respond with promptness and relevance.
Positive
Fun Mode: Elon’s Dream Made Real
Grok’s so-called “Fun Mode” appears to have realized Elon Musk’s ideal of a fun-loving AI by enabling the LLM to create jokes, respond in a lighthearted but factually correct manner, and give users a whimsical and informal chat experience.
A problem with current LLMs, such as ChatGPT, is that some users think they’ve been too politically correct and sanitized, which can make conversations seem less natural and spontaneous. Some localized LLMs are also not very good at long-term interactions. Grok claims to bridge this gap with its fun mode, which might make it a delightful way to pass the time for people who want to relax.
This idea is not wholly original, as Poe from Quora provides a comparable service with its sophisticated chatbots, each with a distinct personality. But an LLM with Grok’s powers integrated in it elevates the experience to a new plane.
This idea is not wholly original, as Poe from Quora provides a comparable service with its sophisticated chatbots, each with a distinct personality. But an LLM with Grok’s powers integrated in it elevates the experience to a new plane.
Native Internet Access
Grok’s capability to access the internet without the need for a plug-in or additional module is one of its key differentiators.
Its precise browsing capabilities are still unknown, but the concept is intriguing. Imagine an LLM with real-time data cross-referencing capabilities that can increase factual correctness. When combined with its access to Twitter content, Grok has the potential to completely change how people engage with AI as they will always be able to rely on up-to-date, verified information rather than simply pre-existing training data.
Multitasking
According to reports, Grok has the ability to multitask, enabling users to have several chats at once. Users have the option to browse other subjects, wait for a reply on one thread, then move on to another.
Additionally, the chatbot provides conversation branching, which allows users to go deeper into particular subjects without interfering with the main discourse. It also provides a visual guide to all conversation branches, making it simple for users to switch between topics.
A Self-Speaking AI with Little Censorship
Elon Musk had a clear idea for Grok: an AI that doesn’t hesitate to express its thoughts in a digital manner.
Although there are safeguards against damage or false information in place for all significant AI chatbots, they can feel constrictive at times. Users have seen situations in which models like as ChatGPT, Llama, and Claude may withhold their answers, erring on the side of caution in order to prevent offending anybody. This might, however, weed out responses that are innocuous or indeed desired wanted.
Grok is able to respond with greater flexibility, which might make it possible to provide a more genuine and unfettered conversational experience. Grok’s architecture enables it to tackle contentious issues that other AI systems would avoid, as demonstrated by xAI.
It’s clear that this AI provides a special fusion of comedy, accuracy, freedom, and real-time information. But like every invention, there are drawbacks and dangers to take into account.
Negative
Hurried Development and Little Instruction
Some were taken aback by Grok’s quick development right away. In the world of LLMs, two months and 33 billion parameters seem like a drop in the bucket, as stated by xAI: “Grok is still a very early beta product—the best we could do with two months of training.”
The discrepancy in development timetables shows that Grok’s development may have been pushed to ride the AI hype wave. For context, OpenAI has been open about its developmental approach, noting, “We’ve spent six months iteratively aligning GPT-4.”
Furthermore, x.AI doesn’t disclose how much hardware was used to train Grok, thus conjecture is left unchecked.
Everything About the Limits
For those who are unaware, parameters in LLMs stand for the total quantity of data or knowledge that the model is capable of storing. They show the AI’s effective brain capacity, which determines how well it can process and produce information. At first sight, Grok’s 33 billion parameters can seem remarkable.
But in the cutthroat LLM scene, it’s just another participant. Indeed, the number of parameters may not be sufficient to support complex business requirements and the superior outputs that industry leaders such as ChatGPT, Claude, and Bard have established as the benchmark.
Grok’s low parameter count contributes to its inability to outperform other popular models in important benchmarks such as HumanEval or MMLU:
In addition to parameter count, another concern is context management, or more specifically, the amount of data an AI chatbot can comprehend in a single input. Grok doesn’t have much to offer in this regard. Grok can comprehend 8,192 tokens of context, according to xAI, whereas GPT-4 can handle a staggering 32,000, and Claude can handle up to 100,000 tokens. The new GPT-4 Turbo from OpenAI can achieve a context window of 128,000 tokens.
The Cost of Creativity
Cost is an important consideration in determining any product’s worth, and Grok is no different. Users who are prepared to pay $16 a month for the opportunity of conversing with the chatbot can access it.
Grok could be difficult to market in light of free models like Claude 2 and ChatGPT with GPT-3.5 Turbo, which have already surpassed Grok in several benchmarks and are praised for their accuracy.
Moreover, GPT-4, the strongest LLM available, claims to outperform Grok and has the extra benefits of being powerful, multimodal, and widely accessible.
Is Grok’s launch just a calculated attempt to increase Twitter Blue subscriptions and hence increase Twitter’s income stream?
These worries draw attention to Grok’s difficulties in becoming a significant force in the LLM space. Its drawbacks extend beyond the cost.
Disadvantage
Imitation of Fiction
Choosing to model an LLM after a well-known novel’s fictitious character is unquestionably a creative decision. Although the allure of a fictitious character may be seductive, there are dangers associated with it in a society where precise information is becoming more and more important. When users seek AI assistance for important questions or guidance, they may find themselves at odds with a system meant to mimic a humorous persona.
Furthermore, there’s a risk that users may mistake humorous or sarcastic answers for accurate information as the distinction between fact and fiction becomes increasingly hazy. The consequences of such false beliefs may be extensive in the digital era, when every information is analyzed and shared. Particularly when many languages are involved.
While wit and comedy have their place, it’s important to find a balance, particularly when visitors are looking for insightful information. While comedy may be more entertaining than truth, it also betrays a fundamental flaw in what an LLM should provide: accurate information.
Underdelivered and Overpromised
Due of Elon Musk’s lofty claims regarding Grok, there are extremely high expectations. A closer look indicates a possible discrepancy between the hype and the facts. One important restriction of typical LLM training methods is that they cannot truly get into “super AI” zone since they are limited by their training data.
Comparing Grok’s training to other LLM giants, it appears little with its 33 billion parameters and few months of development. Although the concept of a lighthearted, fictitious personality is intriguing, it may be unrealistic to expect it to provide ground-breaking outcomes when trained using conventional techniques.
Exaggeration is common in the AI community, but given the field’s fast improvements, it’s important for consumers to cut through the hype. Being considered a “super AI” is extremely difficult, and Grok is unlikely to meet the requirements with its current setup and training.
In fact, Elon Musk used Grok’s conversational chatbot as an example of its superiority over a tiny LLM that had been educated in coding. Let’s just say that the battle was unfair.
Misinformation’s Threat
Although LLMs are strong, they are not perfect. Without strict guidelines, differentiating between reality and fiction becomes an impossible undertaking. A number of recent examples, such as chatbots trained on 4chan data or even Microsoft’s Tay, an earlier chatbot that was permitted to communicate on Twitter, serve as warning stories. In addition to spewing hate speech, these bots have successfully passed for genuine people, deceiving a sizable online audience.
This dalliance with false information is not unique. Since Elon took control, Twitter’s reputation has suffered, therefore there could be doubts about Grok’s reliability in providing factual information. Sometimes LLMs have hallucinations, which can have frightening repercussions if these distortions are taken to be true.
Misinformation has the potential to be a ticking time bomb. Users are depending more and more on AI for insights, yet inaccurate information might result in poor decision-making. Grok needs to be cautious so that its lighthearted nature doesn’t distort the facts if it wants to be a reliable ally.
Absence of Multimodal Functionality
In the rapidly evolving field of artificial intelligence, Grok’s text-only method seems archaic. Although Grok charges for its services, consumers may reasonably wonder why they should pay when other LLMs provide more comprehensive, multimodal experiences.
For example, GPT-4-v, which has the capacity to see, hear, and talk, has already made progress in the multimodal area. A comparable feature set is promised by Google’s future Gemini device. In light of this, Grok’s products appear mediocre, which begs more concerns about the company’s value proposition.
There is competition in the market, and consumers are become more picky. Grok must provide something really unique if it hopes to establish a place for itself. As it is, Grok has its job cut out for it since rivals are providing superior features and accuracy—often at no cost.
According to reports, OKX, a cryptocurrency exchange, is very close to having as many active users as Binance, the biggest cryptocurrency exchange globally.
Among CEXs, Binance continues to account for more over half (51.2%) of all crypto trading volumes. According to the research, the second tier of exchanges with a significant market share consists of OKX, Bybit, Bitget, and MEXC.
Determining Active User Counts Accurately Is Difficult
The research excludes a number of exchanges from its examination since it focuses primarily on exchanges that provide derivative products.
“Due to these exchanges’ dearth of derivatives products, we removed Coinbase, Upbit, and other big exchanges from several charts that highlight derivatives trading.”
It does point out that there aren’t many active Coinbase addresses, which suggests that a sizable portion of registered customers could not be using their accounts.
“A significant portion of Coinbase’s deposit addresses are no longer in use, as seen by the low number of active addresses compared to the vast number of deposit addresses.”
The study claims that in addition to more established competitors like Coinbase and OKX, Binance also faces up against more recent entrants like Upbit, which has increased its market share by 15% over the previous three months as a result of the expanding South Korean market.
Furthermore, it implied that a similar daily user count on the screen may be produced by their similar sizes. It also mentioned:
“In the meantime, deposit address activity on OKX and Binance is comparable, indicating that the two exchanges may have a comparable user base.”
Trading Activity on Huobi and OKX Has Increased Lately
The statement further mentions that in order to list new assets, exchanges like Bybit, Bitget, and MEXC take a portion of the trading volume.
According to a new BeInCrypto analysis, Huobi and OKX, two Asian exchanges, are gaining ground on Binance, which has seen its market share decline.
According to a study published on May 12, Huobi’s volume climbed by about 8%, whilst OKX had a 4% gain. On the other hand, Binance saw a sharp downturn, shedding around 18% of its market share in spot trading.
OKX is moving forward with its European expansion, as seen by its most recent regulatory submissions. OKX filed an application to register as a Digital Asset Service Provider (DASP) with the French financial authorities on May 23.
The long-running cartoon series “The Simpsons,” which is renowned for parodying many facets of American culture, finally targeted the struggling NFT sector on Sunday.
In one scene from the 34th annual Halloween-themed “Treehouse of Horror” anthology series, Homer unintentionally mints Bart as an NFT on “the blockchain,” which sets off an audacious rescue operation with several uncannily familiar designs and NFT ecosystem characters.
The episode, which mocks the NFT hoopla and makes references to a variety of topics like the Bored Ape Yacht Club, Doodles, Beeple, Dmitri Cherniak’s “Ringers,” and much more, is summarized here.
Homer’s Views on the Worth of NFTs
Homer is saddened to learn that he has turned his kid into an NFT and has destroyed his physical body—until he discovers that NFT is the first-ever product manufactured from a real human and is valued at $1.5 million.
Following that, a jubilant Homer tries to persuade his spouse Marge that the decision was the right one.
“Honey, remember how we were always saying we wished Bart was less fungible?” he asks her.
However, Marge is not amused by this development and becomes alarmed upon seeing Bart on Homer’s phone screen.
“Aaahhh! My baby is an app!” Marge exclaims.
Homer quickly corrects her: “Uh, no, apps actually do stuff. He’s an NFT.”
Marge Faces the NFT-Verse’s Lower Class
Marge soon mints herself as an NFT, determined to save her kid. She soon learns that there is a rigid hierarchy in “the blockchain,” as she refers to it, ranging from the most well-known and valuable tokens to the forgotten and now-worthless ones.
She finds herself at the back of the actual train that represents this hierarchy, where she comes across several NFTs that remind her of NBA Top Shot moments, Doodles, Axie Infinity, and CryptoPunks—all of which have had significant obstacles or value declines within the last 18 months.
It quickly becomes clear to us that the train Marge is riding on—which is carrying all NFTs—is run entirely on FOMO, a hyperactive, propellant energy source that, as the program finally exposes, is capable of collapsing at any time.
The train is moving along with a hearty dose of FOMO, according to the meter: “Uber driver says ‘go for it.'”
Marge finds a group of “Cuddle Kittens” in the train’s next compartment, which is purportedly for somewhat more precious NFTs. These are obviously stand-ins for the CryptoKitties NFT collection. According to NFT Stats, the average price of CryptoKitties, which in 2021 sold for thousands of dollars apiece, is currently $19.
These cats teach Marge that killing as many other NFTs as she can will raise her own worth as an NFT. “What you call mindless slaughter, crypto bros call ‘disruption,'” as one Cuddle Kitten puts it.
Upon reaching the front of the NFT train, Marge discovers herself in a sophisticated corridor filled with millions of dollars’ worth of digital artwork. The works she comes across are blatant imitations of authentic on-chain artwork, such as Dmitri Cherniak’s generative “Ringers” series, “A Coin For the Ferryman” by XCOPY, and Beeple’s “Everydays: The First 500 Days” and “Human One.”
She also discovers Bart getting a massage from a “Jaded Ape”—a clear allusion to the Bored Ape Yacht Club, which the writers of “The Simpsons” believe to be still one of the most valuable NFT collections still in existence.
Several of the artists mentioned in the scene celebrated the allusions on Twitter, stating that they thought they were flattering.
After the long-running cartoon television show mocked NFTs in a special episode, an NFT collection that blends CryptoPunks’ aesthetics with parts of “The Simpsons” shot to the #1 trending place on OpenSea, garnering over $2.5 million in sales in less than 24 hours.
On Sunday, the unauthorized Springfield Punks collection emerged as a free mint, and traders quickly grabbed hold of the 3,405 Ethereum NFTs. The OpenSea marketplace indicates that 1,311 ETH, or more than $2.4 million, have changed hands in the project since then. On the secondary market, Springfield Punks NFTs are now trading for slightly less than 0.11 ETH, or around $200.
Springfield Punks, a self-described parody artist, went live on Sunday night. Rino Russo started the group. As of this writing, the collection’s daily volume trailed behind the Bored Ape Yacht Club (2,412 ETH) and CryptoPunks (1,893 ETH).
A lot of profile photo (PFP) NFT projects seem like the end product, but the iconic comedy is known for its donuts, beer, and blue-beehive hairstyles. Thousands of animals that resemble simians have a kaleidoscope of “Simpsons”-themed graphics randomly placed over them in both situations.
Despite the fact that “The Chimpsons Official” was founded in September of last year, it commanded a prominent place following Sunday’s show. According to OpenSea, since then, it has generated about 600 sales over 6,996 “Champsons.”
The collection’s floor price, or the least expensive NFT from a collection that is up for grabs, increased dramatically over night, from 0.03 ETH ($6) to 0.44 ETH ($840). According to OpenSea, Chimpsons were trading hands at about 0.01 ETH ($19) at the time of writing.
The Sunday episode of “The Simpsons” honored several well-known NFT collections, such as Beeple’s Everydays: The First 5000 Days, but two notable projects—the Bored Ape Yacht Club and CryptoPunks—were given noticeable cameos.
The Sunday episode of “The Simpsons” honored several well-known NFT collections, such as Beeple’s Everydays: The First 5000 Days, but two notable projects—the Bored Ape Yacht Club and CryptoPunks—were given noticeable cameos.
Firstly, how should you consider a cryptocurrency exchange? You chould choose the best cryptocurrency exchange for your needs by taking into account factors other than fees, such as: security, liquidity or trading volumes, learning resources, customer support, and if the token you are interested in is listed in the platform. It is also important to understand how your cryptocurrency is stored safe and if you have the option to move it to a digital wallet to take full control of it.
In this article, we are going give you five of the best cryptocurrency exchanges around what are the features they offer that make them the go-to exchange, especially for beginners.
As the largest cryptocurrency exchange in the world, Binance serves 150 million registered users across more than 180 countries. Binance is the go-to exchange for trading Bitcoin, altcoins, and other virtual assets because of its cheap fees and selection of over 350 cryptocurrencies.
Users of Binance can:
Trade on margin, futures, and spot markets for hundreds of cryptocurrencies.
Use Binance P2P to buy and trade cryptocurrencies
Get interest on your cryptocurrency by using Binance Earn.
Using Binance Launchpad, purchase or acquire fresh tokens.
On the Binance NFT marketplace, you can trade, stake, and lend NFTs.
Security features include:
Know Your Customer (KYC) & Anti-Money Laundering (AML) protocols
Binance collaborates with suppliers worldwide to develop KYC protocols that adhere to regulations in various jurisdictions.
Multi-factor authentication (MFA
High-risk transactions, particularly withdrawals, will always require additional verification procedures.
Real-time monitoring
Binance employs cutting-edge machine learning and artificial intelligence technologies to identify suspicious behavior entering and leaving the platform in real time.
Dark web surveillance
Binance keeps an eye out for dark web markets and forums for the newest techniques of attack, possible dangers, and breaches involving the data of third parties.
Staff training
Members of our team are regularly trained on the newest frauds and social engineering techniques.
Advanced security tools for users
Notable tools include anti-phishing codes, withdrawal whitelists, alerts and notifications, and various forms of two-factor authentication.
Binance App is available for download on iOS and Android mobile devices, and as well as on Windows, MacOS, and Linux devices.
Coinbase is one of the most well-known and well-regulated cryptocurrency spot exchanges worldwide. For high-volume trading, Coinbase offers a dynamic fee structure for users to get low execution costs. There are more than 120 different types of cryptocurrencies supported on the exchange platform and majority of these digital assets are the most popular in the world.
Trading fees in Coinbase depend on your account type, size of the transaction, and the size of the funding account. More factors such as your country/region, payment method, and the product will also affect fees.
Coinbase offers quite a few features which includes:
Basic and advanced trading options
A debit card for cryptocurrency purchases and incentives
Users earn free crypto through Coinbase Earn program
A cryptocurrency staking program
Coinbase also offers a digital crypto wallet called Coinbase Wallet. This app allows complete control over your cryptocurency assets, in contrast to storing them in an exchange like Coinbase. Check out our article on The Five Best Crypto Wallets in 2023!
Coinbase Exchange is also available on iOS and Android devices.
Why trust Coinbase?
Public Crypto Company – Coinbase operate with more financial transparency.
Customers’assets are held 1:1 – Coibase doesn’t lend or take any action with users’ assets without their permission
Personal Information – Coinbase only collects necessary personal data from customers and is transparent on what and why they collect them.
Encryption and security – The technology used by Coinbase was developed with state-of-the-art security and encryption at its core.
Account Protection – Coinbase provides powerful security features such as 2FA, password protection, enhanced account protections from data breach, and multi-approval withdrawals.
Customer Support – Get the help you need, when you need it with Coinbase’s contact and support team via phone or messaging.
Bybit
Bybit is a cryptocurrency derivatives exchange that aims to transform the current cryptocurrency market by fusing the greatest aspects of traditional finance with cryptocurrencies to create the safest, most dependable, equitable, and most user-friendly exchange in the world.
Bybit supports more than 270 spot digital assets and more than 200 perpetual & futures contracts. It is available in over 160 countries and 16+ languages with 24/7 customer support with dedicated live agents.
Bybit Suite of Products
Spot – Buy & sell crypto seamlessly — anytime, anywhere Derivatives – Hedge, speculate & trade with optimized products &advanced tools Copy Trading – Copy Trade on Spot & Futures, and grow your digital assets easily Card – Experience the freedom of crypto spending, anytime, anywhere you choose Buy Crypto – Get your favorite tokens in just three simple steps Earn – Grow your assets with our secure, high-yield digital assets Learn – Level up your crypto knowledge and stay on top of industry highlights NFT Marketplace – Discover cutting-edge NFTs from creators worldwide Web3 – Embark on the Web3 revolution with ease – Learn, Swap and Explore
Bybit Exchange is available in iOS and Android devices.
OKX
Serving more than 50 million users worldwide, OKX is the second-largest cryptocurrency exchange by trading volume. It is a global cryptocurrency spot and derivatives exchange. It is an inovative exchange with advanced financial services.
It provides a hundreds of tokens and trading pairs available in over 100 countries. It provides spot, margin, futures, options, perpetual swaps trading, staking, mining, and DeFi lending services. OKX has a utility token called OKB which allows users to access the crypto exchange’s special features like earning rewards and discounts on trade.
OKX offers low trading fees of 0.10% or less for most trades, high-interest staking opportunities, and easy way to buy cryptocurrency using a card, bank account, or digital wallet.
Industry-standard security procedures are followed by OKX, which stores the majority of client assets in cold storage. In addition, it provides other features like anti-phishing codes and withdrawal password setup.
OKX is available in iOS and Android mobile devices.
Established in 2013, Gate.io is a blockchain platform and global cryptocurrency exchange. It gained a position as one of the top ten cryptocurrency exchange in the world in terms of trade volume. It is a full-service digital asset exchange platform covering millions of users around the world. Users can trade with over 1,700 cryptocurrencies.
The company takes great pleasure in offering the highest level of security in the industry and in having undergone an audit to demonstrate 100% evidence of reserves. Gate.io is a global company that operates in the majority of nations and is dedicated to abiding by local regulations in each of those nations.
Products
Spot Trading
Leveraged Trading
Leveraged ETF
Futures Trading
Copy Trading
HODL & Earn
Secured Loan
Liquidity Mining
Technology
Cross-cryptocurrency address technology
By using the same address for all of the same cryptocurrency series, the user’s asset loss from erroneous deposits is essentially minimized. For instance, the addresses of ETH and ERC-20 tokens are the same as those of BTC and BCH.
Hot and cold wallet storage solution
A tiny percentage of digital currencies are kept in hot wallets, whereas the majority of assets are retained in cold wallets. This permits speedy withdrawals while guaranteeing the security of the user’s assets.
Multi-signature security protection technology
Multi-signature verification for asset withdrawals and routine user wallet backups. Even in the event that the server is damaged, all assets are readily restored.
Real-time asset sending and receiving technology
Supports fast withdrawals and deposits. When the blockchain network is busy, it uses dynamic trading fees to make sure that assets get into the account on time.
Having over 180 digital currencies and tokens listed and over 300 trading pairs easily accessible, Upbit Korea is the biggest cryptocurrency exchange in South Korea in terms of both trading volume and user base. Staking services, NFT Marketplace/Drops platform, and Upbit Exchange make up Upbit’s ecosystem.
Upbit has always put the security, dependability, and safety of its consumers first and provides a quick and safe trading experience through its user-friendly mobile apps and web platform.
Since the exchange’s introduction in 2017, Upbit has obtained a number of important security certifications, such as ISO/IEC and ISMS-P, attesting to its high standard of information security. With a specialized AML team for suspicious transaction monitoring and an industry-leading, 24/7 Artificial Intelligence FDS system, Upbit has both.
Mexc
MEXC is a centralized cryptocurrency exchange that offers futures, margin, and spot trading. The exchange, which was established in 2018, also provides leveraged ETFs, index ETFs, and quantitative trading. Products under the MEXC Earn category also include M-day airdrops, launchpad, ETH 2.0 Staking, MX-DeFi, and Staking. Credit or debit cards, international bank transfers, peer-to-peer trading, and third-party payment services like Simplex, Banxa, and Mercuryo can all be used by users to purchase cryptocurrencies.
More than 6 million individuals and more than 200 countries are served by the exchange. It is in possession of important licenses in the US, Estonia, and Australia.
Aside from buying crypto from exchanges, there is a way to get them FREE!
Perhaps you’ve heard folks giddy with excitement discussing “airdrops” in cryptocurrency-related chat rooms or on social media. A cryptocurrency airdrop is an unsolicited distribution of a cryptocurrency token or coin to several wallet addresses, usually for free. In order to increase user base and disburse coins more widely, airdrops are frequently linked to the launch of a new cryptocurrency or DeFi protocol. Since private sales have become more popular among cryptocurrency entrepreneurs in place of initial public offerings (ICOs), airdrops have become increasingly significant.
Since the birth of NFTs or Non-Fungible Tokens, airdrops are not just limited to coins or tokens but are also present in NFT projects. This gives us two broad categories which are token airdrop and NFT airdrop.
Why do Airdrops in crypto exist?
Blockchain-based projects use cryptocurrency airdrops as a marketing tactic to give away free tokens or coins to wallet addresses. Airdrops are typically conducted to encourage adoption of a new cryptocurrency or to raise awareness of a specific project. This kind of marketing ploy is often used to give away free cryptocurrencies to existing crypto traders or need them to put in little effort. Airdrops are a useful tool for keeping a community alive, bringing in new users, and boosting a token’s or coin’s liquidity. Also, airdrop is used to “Decentralize” the platform by distributing governance rights to the community.
How are these airdrops excecuted?
There are different ways airdrops are conducted. Some use the standard way of distributing tokens to a specific group of wallet addresses, given that conditions are met in terms of transaction history. Some would require individuals to complete specific tasks or participate in community events. Airdrops are also given to those who hold a specific amount of a particular cryptocurrency for a specified time. Certain people, like early adopters or investors, are also granted exclusive airdrops.
The Best earning airdrops in history
The following are some of the prominent airdrops in the history of cryptocurrency. These airdrops have created excitement in the whole cryptocurency community, which made it an important part of the crypto world. Airdrops are not here just to give away free tokens but have a broader objective which is to increase awareness of a new token, blockchain or DeFi project. Airdrops have the potential to generate interest in a new project and hence spread word of mouth.
Uniswap
Uniswap airdropped $UNI to more than 250k addresses that had previously engaged with the protocol on September 17, 2020. After interacting with the platform prior to September 1st, 2020, eligible addresses received a minimum of 400 $UNI tokens.
The distribution was highly skewed overall. 93.8% of the addresses got less than 412 $UNI.
Conversely, more than 250 addresses were granted 250,000 $UNI. The majority of these were historical power users, large Liquidity Pools, and $SOCKS holders.
Decred
Decred airdropped 258 DCR to over 3,000 participants in January 2016. DCR price went up to an all-time high of $249 in April 2021 which means the airdrop was once worth $64,000.
Polymath
Polymath successfully distributed 9,556,000 POLY tokens to 38, 224 wallets on January 31st of 2018. The all-time high of Polymath is $1.66.
Oyster
In 2017, Oyster Pearl surprised their followers with a unique airdrop. Every fortunate participant received more than 2,227 PRL, meaning that the airdrop’s maximum value exceeded $1000.
Minereum
When the 32,000 MNE tokens airdropped to wallets reached their peak, nobody could believe it, making them $300,000 richer.
Stellar
Every Bitcoin owner received 19 billion free XLM tokens from Stellar in June 2017. The stellar team decided to declare their goal to hold the record for the greatest airdrop in history by airdropping $125,000,000 worth of XLM Tokens in November 2018. At that time, there were 1000 XLM tokens for every bitcoin.
Bittorent
100 billion BTT TOKENS have been airdropped to trx holders little by little since 2019 and will be up until 2025. While no one can foresee BTT’s next move, its potential for profit in the event of a price spike due to a bull run is undeniable. In 2019, the cryptocurrency reached a peak price of much less than a penny. Smells like free money.
Conclusion
Airdrops are definitely one great way to dip your toes into the waters of the cryptocurrency world. The opportunity to pile up your cryptocurrency portfolio is easy and free with these amazing crypto activities. This does not only benefit you who participates on these events but also to cryptocurrency or blockchain projects who wants to flourish into the scene. With airdrops, they are able to build a community of loyal supporters.
OpenAI, the trailblazing artificial intelligence research lab, made waves at its recent OpenAI DevDay event on Nov. 6, unveiling exciting upgrades that promise to redefine the capabilities of ChatGPT. Among the highlights are the introduction of GPT-4 Turbo, advancements in knowledge base updates, increased input capacity, and the groundbreaking ability for users to create custom ChatGPTs.
GPT-4 Turbo: A Leap into the Future
The star of the show was undoubtedly GPT-4 Turbo, OpenAI’s latest AI model designed to address a common frustration among users. OpenAI CEO Sam Altman acknowledged the limitations of previous models, stating, “We are just as annoyed as all of you, probably more, that GPT’s knowledge about the world ended in 2021.” GPT-4 Turbo aims to remedy this by providing answers with context up to April 2023, a significant leap forward from the previous January 2022 cutoff.
But it’s not just about extending the temporal horizon. GPT-4 Turbo boasts an impressive increase in input capacity, now accepting inputs that are 300 pages long, a substantial upgrade from the previous 3,000-word limit. The model also embraces a multi-modal approach by accepting DALLE-3 AI-generated images and supporting text-to-speech with six preset voices. Additionally, OpenAI has taken a bold step in reducing the cost of input and output tokens to $0.01 and $0.03, respectively—a move expected to enhance accessibility and affordability for users.
While the improved version of GPT-4 Turbo is currently available in developer preview, the general user release is eagerly anticipated in the coming weeks.
Microsoft’s Commitment to OpenAI’s Vision
Microsoft CEO Satya Nadella joined the event to express Microsoft’s unwavering commitment to OpenAI’s vision. Nadella pledged to provide OpenAI with cutting-edge computing resources, ensuring they have the best training and inference systems. This collaborative effort aims to “aggressively push forward” on OpenAI’s ambitious AI development roadmap. Microsoft’s substantial investment of $13 billion in OpenAI reflects its confidence in the potential of AI innovation.
Empowering Users: Custom ChatGPTs
In a move towards democratizing AI development, OpenAI announced that users can now create custom ChatGPT chatbots tailored for specific purposes. The process is designed to be user-friendly, eliminating the need for coding expertise. These custom GPTs can be shared with the public through the upcoming GPT Store, akin to popular app stores for software applications.
OpenAI’s commitment to privacy and safety is evident in the implementation of new measures to safeguard user data. The announcement also teases additional features for developers and enterprises, indicating a broader effort to make AI development more accessible and inclusive.
The unveiling of these advancements comes on the heels of reports predicting OpenAI’s potential valuation of $86 billion and the establishment of a risk preparedness team—an indication of the company’s proactive approach to challenges in the AI landscape.
In conclusion, OpenAI DevDay marks a pivotal moment in the evolution of ChatGPT, showcasing the organization’s dedication to pushing the boundaries of AI capabilities while fostering user empowerment and safety. As these innovations unfold, the future of AI interaction looks more promising than ever.
A cryptocurrency wallet is a hardware or software application designed to hold your crypto’s private keys—strings of code that unlock your cryptocurrency. You can use it store, send, receive, and spend your digital currencies.
There are two primary types of cryptocurrency wallets which are hot wallets and cold wallets.
Hot wallets are software wallets that require internet connection to be used. Although they are easier to operate, they are more susceptible to hackers.
Hardware wallets that are not online are referred known as cold wallets. Although they are less practical to use, they are more secure than hot wallets.
In this article, we are going give you the best crypto wallets around and what are the features that make them the go-to wallet, especially for beginners.
MetaMask
A popular cryptocurrency wallet is MetaMask. This wallet lets users send, receive, and store Ethereum and other Ethereum-based tokens is. It also serves as a portal to Ethereum blockchain-based decentralized applications, or DApps.
The wallet is available as a browser extension and as a mobile app, which makes it very convenient to use. It can be installed in various browsers such as Chrome, Firefox, Brave, Edge and Opera. The mobile app is also available both in iOS and Android devices.
Creating a wallet in MetaMask is as easy as ‘ABC’. You only need to create a strong password and secure your seed phrase, which acts as your crypto wallet’s master key. You can check out a detailed how-to on creating a new MetaMask wallet in our article here.
MetaMask is a feature rich wallet. Here are some of its very useful attributes:
MetaMask Portfolio – your one-stop shop for everything web3
Swap – Swap cryptocurrencies directly from the MetaMask mobile wallet from networks such as Ethereum, Polygon, BNB Chain, Avalanche, Aritrum and Optimism.
Buy Crypto – see the best rates across a wide range of networks, including Ethereum, Polygon, Binance Smart Chain, Avalanche, Fantom, Celo, Optimism, and Arbitrum, with payment methods such as Apple Pay, Google Pay and Paypal; bank transfer; and other local payment methods supported by MetaMask’s providers.
Metamask Snaps – still in Open Beta where users can customize the features and functionality of their MetaMask wallet. Snaps can connect to blockchain protocols outside of Ethereum, show insights about transactions, add new privacy and identity features, display notifications, and much more.
MetaMask is designed to prioritize anonymity above other cryptocurrency wallets. It enables users to exchange, store, and access tokens without worrying about exchanges and dapps accessing more of their personal information than they have given permission to provide. With MetaMask, users always have total control over their data, whether using it for Web 3.0 browsing or engaging in decentralized banking.
CoinbaseWallet
Another most recommended crypto wallet today is the Coinbase Wallet. With Coinbase Wallet, you have total control over your cryptocurrency holdings. It is a self-custody wallet. This indicates that rather than being kept on a centralized exchange like Coinbase.com, the private keys for your wallet—which signify ownership of the cryptocurrency—are kept directly on your mobile device.
Coinbase allows users to store and manage all of their crypto, NFTs, and multiple wallets in one place. It supports hundreds of thousands of tokens and decentralized apps, every ERC-20 from Aave to ZRX. It also offers industry-leading security protection on your digital assets.
Other features include:
Transaction Transparency
Coinbase wallet will show you an estimate of how your token balances will change before you complete a dapp transaction and it will show you which assets a dapp is requesting to withdraw.
Enhanced guardrails
The wallet hides assets from your home screen that are known to be malicious and provides you the ability to report suspicious tokens that appear in your wallet. Also, Coinbase will warn you before you proceed to an application that has been identified as dangerous, helping you keep you and your crypto safe.
Advanced security features
In order to reduce the risk of your wallet becoming vulnerable, Coinbase Wallet facilitates the review and revocation of your existing dapp connections. You can also create several sets of Ethereum and Solana addresses, allowing you to manage your assets and decide what is public and private.
Ledger Wallet
Ledger wallet is a hardware cryptocurrency wallet made by the company Ledger. This wallet supports multiple cryptocurrency and is used to store private keys offline. You can use Ledger wallet to manage, buy, stake, and swap cryptocurrencies.
Ledger wallet is device-based, which means hackers will find it challenging to access them from an online location because they keep private keys on storage hardware devices like USB drives.
There are three distinct wallet models for Ledger. These are Ledger Nano S, Ledger Nano X, and the Ledger Stax.
The Ledger Nano S Plus
The Nano S Plus appears to be a USB-C capable portable USB device. With enough RAM to run up to 100 apps, it enables users to manage over 5,500 digital assets. According to the startup, it supports non-fungible tokens (NFTs) and has access to over 5,000 coins. This storage option is limited to Android devices, however it is compatible with Windows and macOS.
The Ledger Nano X
This is a USB-style gadget that maintains the owner’s cryptocurrency and NFTs offline, much like all other Ledger devices. It employs USB-C technology and has Bluetooth capabilities. Android, iOS, Windows, and macOS are all compatible with this gadget. Users can have up to 100 different apps on it, and it can hold over 5,500 distinct tokens.
The Ledger Stax
Ledger Stax is a portable storage device that is designed to hold cryptocurrency assets. The gadget is small enough to fit in your palm. Like a smartphone, users can design the lock screen and give their Stax a name.
Some of the features are;
3.7-inch curved E-ink touchscreen (wider than previous smartphones)
compatible with iOS, Android, Windows, and macOS12
compatible with Bluetooth
charging wirelessly
supports NFTs in addition to over 5,000 currencies
Trust Wallet
In terms of the quantity of cryptocurrency assets it supports, the mobile online crypto wallet, Trust Wallet is among the best wallets available worldwide. This non-custodial software wallet is the official mobile app of Binance, one of the top cryptocurrency exchanges in the world. The wallet is non-custodial, meaning that the user is in charge of protecting their private keys and does not store them, even with its ties to Binance.
As a leading self-custody multi-chain platform, Trust wallet support millions of assets across 100+ blockchains, 600M+ NFTs, 10M+ assets. It provides Encrypted Cloud Backup for increased wallet security. It does not track any personal information, including user’s IP address or balances. It proactively alerts users for risky address and dApp connections.
The wallet allows users to buy, sell, and swap cryptocurrencies, manage NFTs, earn rewards, and discover decentralized applications, all in one place. It offers simple and seamless direct crypto deposit from major exchanges such as Binance and Coinbase.
Crypto.com
Crypto.com is one of the best DeFi wallet around. It offers a variety of decentralized finance tools, strong security framework and excellent onboarding process. This is especially great for newbies in the world of DeFi.
Defi wallets provide users complete control over their private keys and digital assets. Along with capabilities not seen in traditional custodial wallets, they also offer peer-to-peer cryptocurrency swaps and tools that let users profit passively from the cryptocurrency they possess.
Crypto.com has some exciting features, giving users a full suite of DeFi services in one place.
Earn
Receive rebates on more than 25 tokens, including a variety of stablecoins and CRO, VVS, TONIC, and ATOM. Enjoy flexible terms and excellent profits.
Browse DApps
Easily navigate through the most well-liked DApps from within the app.
Connect, trade, farm, and mine on the newest DeFi protocols with ease.
Deposit NFTs
Discover all about the unique characteristics of your NFTs, see them with ease, and share them on social media.
NFTs are supported across many blockchains and in multiple formats.
Swap
Swap over a thousand tokens between several chains, such as Ethereum, Cronos, Cosmos, and others.
Use the in-app bridge tool to move assets between chains and Cronos.
Store
Take complete control of your keys and cryptocurrency.
Easily manage more than a thousand tokens on more than thirty blockchains, such as Ethereum, Cronos, and Crypto.org Chain.
Use a 12/18/24-word recovery phrase to easily import your current wallet.
Send
Transfer cryptocurrency at the network fee and confirmation speed of your choice.
You may get real-time updates on transaction speeds and gas prices with our ETH Gas Meter.
Wallet Extension
Link your DeFi Wallet App to a desktop browser with ease.
Send and receive cryptocurrency, check balances, and verify DApp transactions quickly. All of this is possible without switching devices.
Bonus!
Phantom
Immerse yourself in Solana blockchain through Phantom wallet. The Phantom wallet is a native Solana wallet designed exclusively for the Solana ecosystem. Imagine it as the Solana equivalent of the MetaMask. It functions on popular browsers including Chrome, Firefox, Brave (a crypto-friendly browser built on top of Chrome), and (Microsoft) Edge. It is non-custodial, meaning you protect your own assets and act as your own bank.
The wallet design is straightforward, clean, and easy to use. Don’t be deceived by its simplicity because it is packed with several features:
Its combination with Raydium, Solana’s take on Uniswap, allows you to swap tokens for quick rates and little gas fees. SOL, USDC, USDT, ETH, BTC, and renBTC are among the supported tokens. The transaction cost is 0.85%.
Store your NFTs and collectibles in different sections of the wallet. Please take note that NFTs that are posted on a marketplace will not appear here. Until they are sold or taken off the market, these NFTs are kept in an escrow account.
Integrates with the Ledger cold wallet to provide your SOL further security.
Using a validator of your choice, stake SOL within the wallet. Most of them have an APY between 5 and 6%, with a few number below 5%. It’s similar to lending someone your tokens when you stake. While they are being staked, you remain the owner.
Supports the SPL tokens that are utilized in the DeFi applications developed by Solana. These tokens bear similarities to the Ethereum blockchain’s ERC20 tokens.
Conclusion
Any of these wallets works well, depending on your needs. As with all things crypto, involvement is key. What important is that you stay within your comfort zone when it comes to risk, regardless of the action you take. Whichever of these options is best for you is a decision that only you can make.
Cryptocurrency is a form of digital or virtual money which uses cryptography for security. This technology makes it nearly impossible for counterfeit or double-spend transactions. Its fundamental features are anonymity, which allows users to conduct transactions without disclosing their identities, and decentralization, which means there is no single authority in charge of it. In contrast to conventional money, it functions independently from a central bank and is generally decentralized through the utilization of blockchain technology.
How does it work?
A blockchain is a type of decentralized digital ledger that records cryptocurrency transactions. This ledger guarantees security and transparency and is available to all users. Cryptography is a tool used by cryptocurrencies to manage the generation of new units, secure financial transactions, and validate asset transfers.
Is earning FREE cryptocurrency possible?
Yes. There are actually several legit ways to earn free cryptocurrencies online. All you need to do is to be always on the look out for opportunities and get involved.
By the word FREE, it means you don’t necessarily have to take out anything from your pockets. All you need to give is your time and effort by doing simple tasks such as engaging in social media, creating contents, participating in contests, trying out platforms and tools, and many more. Some of them even give away just by your transaction history and activities in the cryptocurrency world.
Your Must-have tools
Before I give the game away, gear yourself up first with some necessary tools. Great if you already have all of these, otherwise get them as soon as possible.
Crypto Wallet
A crypto wallet is a software application or hardware tool that lets users manage their digital currencies. It is also referred to as a digital wallet or a cryptocurrency wallet. It functions as a virtual wallet that stores the public and private keys needed to access and transact with cryptocurrencies. In order to guarantee the integrity and security of a user’s digital assets, these keys are essential.
There are several types of cryptocurrency wallets on the market, each with unique features and security levels. The most popular varieties include hardware wallets, web wallets, mobile wallets, and desktop wallets.
Cryptocurrency exchanges are privately held businesses that allows users to trade cryptocurrencies for other digital assets, such as NFTs and digital and fiat currencies. It is important that you have an account on all major crypto exchanges. Some exchanges offer features that allow users to earn interests, commisions, referral bonuses, and many other rewards.
In today’s professional world, email has become an essential tool for communication. This is where you can receive updates and other information from crypto projects, as well as send inquiries and required details to them. You will also need an email in creating accounts on platforms such as exchanges, social media and other useful tools.
Gmail is the best option as it is the most popular and trusted web-based email service provider. You can create a separate account solely for cryptocurrency related activities.
Social Media Accounts
Platforms such as Facebook, Instagram, Twitter, and LinkedIn are one of the social media mostly used by crypto or blockchain projects for marketing and promotion purposes. This is also where they conduct tasks for participants to perform, for the purpose of spreading awareness.
Instant Messaging Apps
Two of the most widely used messaging apps among cryptocurrency aficionados are Telegram and Discord. These platforms provide a confidential and safe means of communication for members of the cryptocurrency community. Aside from social media, these messaging apps come in handy as this is where crypto projects also disseminate updates and other information. People can send their inquiries and questions, and get instant response straight from the team.
Cryptocurrency (Optional)
Several giveaways require users to test their cryptocurrency exchange, swaps, or other platforms. Therefore, this will require you to have some funds in your wallet or exchange account.
Some would also require users to hold a particular cryptocurrency in their own wallet in order to receive new tokens. This will not only give you a chance to earn new cryptocurrencies, but also a chance to grow your investment if both of the cryptcurrencies do well in the market.
How to Earn FREE Cryptocurrency?
Finally, you already have some idea of the tools you need and their purposes. We can now jump into how to earn FREE cryptocurrency. In our next article, we will give you a tour on what really is it, why is it exisiting, and some history that will prove this method can potentially make you rich.
