Showing posts from July, 2023

Mark Tencaten | The benefits of using cryptocurrencies for business

A growing number of businesses all around the world are adopting cryptocurrency and other digital assets for various operational, transactional, and investment needs. Like every investment, there are uncharted hazards as well as compelling attractions. Mark Tencaten has examined the concerns and information businesses should take into account when deciding whether and how to employ digital assets. What can cryptocurrency do for your business? Ø   Here are some of the reasons given by Mark Tencaten   for why some businesses are now embracing crypto to get your firm thinking about it: 1. Crypto may make new demographic groups accessible. Users frequently reflect a more modern, tech-savvy consumer with extra money to spend on upscale goods and services. In fact, according to a recent poll, 77% of retailers said they take cryptocurrency because of its cheaper transaction costs, and 85% of them stated they do so in order to attract new clients. 2. Introducing cryptocurrency today co

Mark Tencaten | Why Economics Nobel Prize winner criticizes cryptocurrency

Since its conception, cryptocurrency has mostly been a source of discussion. On the one hand, it has been hailed as the currency of the future, a safe, decentralized method of conducting transactions without the need for middlemen. On the other hand, critics have called attention to its vulnerability to use in terrorism funding and money laundering. Paul Krugman, a Nobel Prize-winning economist, has made some harsh criticisms of cryptocurrencies, calling them primarily worthless and overrated. Here are his justifications. ·         Cryptocurrency is unstable and not widely utilized A new analysis from the Federal Reserve shows that cryptocurrencies like Bitcoin have not yet gained widespread adoption despite the fact that they were created to satisfy consumer payment demands. He thinks that the volatility and instability of cryptocurrencies make it challenging to use them for routine transactions. Consumers may encounter fraud, theft, and loss when using cryptocurrencies, which

Mark Tencaten - Step-by-Step Guide for Minting Your NFT

NFTs, or Non-Fungible Tokens, have recently gained attention in cryptocurrency! These distinctive assets have made a stunning 2021 debut and are capturing the attention of investors worldwide. Mark Tencaten says that NFTs simulate the digital representation of real objects like any artwork, music, digital characters, and even virtual space. Additionally, NFTs offer authors and consumers impenetrable proof of ownership, unparalleled rights, and a secure licensing system. NFTs have the ability to completely change the auction house sector as a result of these characteristics! Understanding how to mint NFTs can open the door for business owners and creatives to sell their digital creations for prices that outperform the market. The NFT industry allows content producers to self-auction their works of art while serving a worldwide market. The NFT industry allows content producers to self-auction their works of art while serving a worldwide market. What exactly does it mean to mint your

Mark Tencaten | How to Evaluate the Worth and Value of NFTs

Saying that the cryptocurrency market never stops would not be an exaggeration. There are constantly fresh innovations happening. Assets of new sorts are continually emerging. While Bitcoin served as the industry's foundation, there are now more than 9000 other cryptocurrencies. Non-fungible tokens, or NFTs, are another significant cryptocurrency asset discussed in every technical and financial conversation besides cryptocurrencies. Since last year, NFTs have exploded, breaking records in 2023. Million-dollar transactions occurred on a new NFT marketplace in its first month of operation. Adidas, Nike, Tech Mahindra, Microsoft, Disney, and other large corporations have entered the NFTs sea. New projects create their NFTs daily, each selling for millions of dollars. But, in Mark Tencaten's opinion, the most important question is: How should one evaluate the worth of an NFT? Is the offer price appropriate for the NFT type you are purchasing? What details should you check befo