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Phaedra Solutions developed a cutting-edge Incident Tracking software for our client to revolutionize event management safety. With seamless logging of security, medical, site, and guest incidents, it offers real-time communication, media uploads, and staff notifications. The incident filters and automatic PDF reports also provide invaluable insights for proactive analysis and improvement.
An aspiring Esports Tournament platform, identified significant challenges for casual gamers venturing into competitive esports. These challenges included limited access to organized tournaments, a lack of visibility into skill progression, and difficulties in finding suitable scrimmage opportunities. To tackle these issues effectively our client collaborated with Phaedra Solutions to develop a user-friendly platform.
Phaedra Solutions created a cloud-based surveillance platform, enabling seamless integration with IP cameras and access control systems. The product features a fast interface accessible on both mobile devices and the web. By analyzing camera footage, AI helps businesses save time, gather critical security information, and make well-informed decisions.
Phaedra Solutions developed a cutting-edge Incident Tracking software for our client to revolutionize event management safety. With seamless logging of security, medical, site, and guest incidents, it offers real-time communication, media uploads, and staff notifications. The incident filters and automatic PDF reports also provide invaluable insights for proactive analysis and improvement.
An aspiring Esports Tournament platform, identified significant challenges for casual gamers venturing into competitive esports. These challenges included limited access to organized tournaments, a lack of visibility into skill progression, and difficulties in finding suitable scrimmage opportunities. To tackle these issues effectively our client collaborated with Phaedra Solutions to develop a user-friendly platform.
Phaedra Solutions created a cloud-based surveillance platform, enabling seamless integration with IP cameras and access control systems. The product features a fast interface accessible on both mobile devices and the web. By analyzing camera footage, AI helps businesses save time, gather critical security information, and make well-informed decisions.
Phaedra Solutions developed a cutting-edge Incident Tracking software for our client to revolutionize event management safety. With seamless logging of security, medical, site, and guest incidents, it offers real-time communication, media uploads, and staff notifications. The incident filters and automatic PDF reports also provide invaluable insights for proactive analysis and improvement.
An aspiring Esports Tournament platform, identified significant challenges for casual gamers venturing into competitive esports. These challenges included limited access to organized tournaments, a lack of visibility into skill progression, and difficulties in finding suitable scrimmage opportunities. To tackle these issues effectively our client collaborated with Phaedra Solutions to develop a user-friendly platform.
Phaedra Solutions created a cloud-based surveillance platform, enabling seamless integration with IP cameras and access control systems. The product features a fast interface accessible on both mobile devices and the web. By analyzing camera footage, AI helps businesses save time, gather critical security information, and make well-informed decisions.
Cryptos and NFTs are selling like hotcakes and almost everyone is thinking about investing and becoming a millionaire. The crypto art investors think that’s because of pandemic and rise in bitcoin prices mainly.
NFT crypto is a digital asset built on blockchain technology and often NFTs and cryptocurrencies are considered relatable because of some similar characteristics.
NFTs are like cryptocurrencies such as Bitcoin and Ethereum. Unlikely, each and every NFT is unique in its core nature which is why this makes sense that why they can’t be traded for each other.
However, the considerable thought here is NFT crypto art. In the last few months, crypto artists are getting attention because of NFT marketplaces and the amount they are selling their NFT crypto art.
In this blog post, we will try to understand the concept of NFT crypto and cryptocurrencies.
NFT crypto is a form of digital asset for buying and selling on NFT marketplaces. To articulate in simple words, non-fungible tokens act like digital ownership certificates which cannot be interchanged or traded with each other. And NFT cryptos are often used in digital ledger-based transactions.
Never the less, NFT crypto can be sold and traded online and are built and protected on blockchain network.
-Beeple, Everydays: the First 5,000 Days
-Bored Ape Yacht Club
-Axie Infinity
-CryptoPunks
-Hashmasks,
-Blake Kathryn
-Nyan cat
And more
NFT crypto art is a term that is widely being used and that is because NFT and cryptocurrencies are so relatable to each other or can say a lot like each other.
1-NFTs and cryptocurrencies are built on blockchain network and they stoe digital records there for transparency andall sorts of transactions.
2-Both are highly volatile and unstable, you can’t be certain about any digital asset value for certain period of time.
3-Both sell and buy digitally.
4-Value of NFTs and cryptocurrencies depends on market fluctuation.
NFTs are tokens for selling and buying of digital assets mainly artwork, music, gifs and game assets. NFTs represents unique items ownership.
You can buy tokenized items like collectibles, art, gifs, music, memes, etc. such tokenized things can only have one owner at the time and they are usually built of Ethereum blockchain network, no one can breach or modify ownership records.
Possibilities around buying and selling NFTs are unlimited.
Read More: Top NFTs to buy and sell in 2022.
NFTs | Cryptocurrencies |
Non-fungible tokens, cannot be replaced/traded with the same digital asset. |
Fungible can be replaced with each other
|
Each token holds a unique value. |
Can be accumulated, exchanged, and used for payments.
|
NFTs are decentralized, managed by communities who run them |
Digital currencies are centralized and regulated by banks, governments, etc. usually.
|
Low risk, may or may not high reward | High risk, high reward |
People buy NFTs using cryptocurrencies because they can only buy NFT tokens using a digital wallet.
NFT cryptos are purchased by connecting the digital wallet to the marketplace from where the buyer intends to buy. Bear in mind, not all digital wallets are compatible with all sorts of marketplaces. Each NFT marketplace demands may vary as they type of NFT they sell.
Metamask – one common wallet used almost on many NFT marketplaces is Metamask. Users can create their Ethereum wallet for minting and trading.
Coinbase Wallet – ideal for beginners. It helps users in sending and receiving NFTs instead of public wallets. Also, this wallet offer support for Bitcoin, Litecoin, Stellar Lumens, ERC-20 etc.
Alpha Wallet – an open source blockchain wallet based on Ethereum. Supports minting and collecting NFTs. Compatible with in-game assets which are based on Ethereum.
Enjin – enables collection of in-game assets/NFTs and other collectibles.
Trust Wallet – enables buying and selling of NFTs. Users can access list of decentralized apps for art marketplaces and offers 1-click access to popular marketplaces like Axie infinity, OpenSea etc.
Regardless of the fact that, we still can’t believe JPEGs, or Gifs selling in millions, people are actually spending money. What is interesting is, more and more NFT investors are not from art creator’s fanbase, they are from outside of crypto community. Since the rise of Bitcoin last year, NFTs are in demand and who knows if NFTs are more than a bubble?
Contact Phaedra in case you are looking for NFT marketplace development.