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Showing posts from October, 2022

A Guide to NFT Development on Solana: Costs and Advantages

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Digital assets have been gaining popularity among investors, and the latest addition to this category is NFTs. These digital assets are based on blockchain technology, which ensures security and safer transactions. Amidst the high demand for NFTs, development companies are shifting their focus to providing exceptional development services on the  Solana Blockchain Development  network. According to Reuters, the sales of NFTs in 2021 were $24.9 billion compared to $94.9 million in 2020, meaning there was a whopping growth in the sale of NFTs last year. This, in turn, led to a thriving demand for NFT wallet development and other related services. Another concerning fact is that the popularity of Ethereum has led to higher gas fees, which causes inflation and leads investors to diversify into the Solana Blockchain. What is Solana? A Brief Overview Solana is proven to be a robust Blockchain network that functions with Proof of history. Subsequently, this concept of proof of History ensures

How Decentralized Finance Works: Benefits, Applications, and Risks

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Blockchain Technology is rapidly growing in popularity and is not limited to the trading of Bitcoin. It is quickly infiltrating every sector of the eCommerce industry. The traditional banking system lacks efficiency and accessibility at a global level, so  DeFi Development Services  are in high demand.  However, it is important to understand how Decentralized finance can benefit your business and what risks are involved before implementing Decentralized Finance solutions. What are its applications and what risks are encountered while implementing Decentralized Finance solutions for business? Decentralized Finance: A Brief Overview Decentralized Finance, or DeFi for short, is a type of financial ecosystem that runs on a distributed ledger technology - typically a blockchain network. The DeFi space is built around digital assets, smart contracts, dapps, and financial protocols. Many investors are aware of the cryptocurrencies like Bitcoin and Ethereum but the fact that these Blockchain p