Tuesday, January 25, 2022

Which app is best for NFT

Dapper labs is behind the aforementioned NBA Top Shot, and other popular NFT projects like CryptoKitties, Cheeze Wizards and have Ultimate Fighting Championship (UFC) collectibles on their roadmap. Dapper Labs also provide products such as Dapper — a gateway for collectors to buy and store their digital assets, and Flow — a blockchain focused on decentralized apps (DApps), games and digital assets.

The Ultimate Guide For Top NFT Sports Platforms

NFTs has been on a winning streak lately, and it seems inevitable that sports and NFTs are a match. Here, we dive into some of the top NFT sports platform.

Table of Contents

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Now hop aboard, and let’s explore what you can do with OpenSea, along with checking what NFTs you can view!

OpenSea as an NFT Marketplace Best Nft App

The purpose of OpenSea was to simply provide an online marketplace for artists to upload their commissions, without having to pay any additional costs. It also has additional functions which allow you to market your work without having to deal with many difficulties.

When it comes to the registration process, you don’t have to provide too many details about yourself. All you have to connect your cryptocurrency wallet, and voila! you have an account on OpenSea! It can be as simple as that and without many hurdles as you walk into NFTs.

OpenSea: Blockchain

The most well-known cryptocurrency to use within the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain system, and this is used for the majority of transactions. It is also based with the Polygon blockchain, which ensures low-cost and quicker trading.

With these two kinds of blockchains that are available it is possible to choose which one you’d like to transfer your NFT to as a seller. This ensures the safety of your NFT, along with those who would like to buy it. Every transaction will be conducted using this blockchain, so you should consider where to upload it.

But what makes Nine Chronicles different is what’s underneath. It’s formed on a peer-to-peer network of gamers and miners, somewhat like Bit torrent.

How NFT works? And the problem it solves

NFTs are tokens that reside on a blockchain that represents ownership of unique items. Why is it helpful? Because tracking who owns a digital file is tricky because it can be copied and distributed effortlessly. So, how can you establish who the original owner is? NFT solves this problem.

For example, you make digital art a painting to be more specific on your computer. You can create an NFT out of this. The NFT assigned to your art contains some information about it, such as a unique fingerprint of a file ( also known as hash), a token name, a symbol. This token is then kept on a blockchain, and you, the artist, walk around as the owner.

Now you can sell that token by creating a transaction on that blockchain. The blockchain reassures that this information can not at all be tampered with and keeps it secure. It also allows you to track the current owner of a token and how much it has been sold in the past.

It’s important to know artwork itself hasn’t been stored in the blockchain or the NFT but only its attributes, such as a unique fingerprint(hash), symbol, and a token.

NFT Maker Pro offers auto-renewing subscription option monthly and annually. Payment will be charged to iTunes Account at confirmation of purchase.

Description

Introducing the easiest way to design NFT art on right on your iPhone. This app will help you create unique digital art in seconds.

Create your NFT art and get it ready to sell on marketplaces like OpenSea, Rarible, Nifty & more.

- Create high quality images or videos to create as NFT with ease.
- Add animated text, shapes, graphics.
- Easily resize, rotate, re-order all elements in your design.
- Combine photos and videos together, form unique collages.
- Free stock library featuring millions of photos and videos.
- Remove background in photos.
- Export as static image or video.
- Store your creations, easily duplicate and create different collections.

NFT Maker Pro offers auto-renewing subscription option monthly and annually. Payment will be charged to iTunes Account at confirmation of purchase.

Your pro subscription will automatically renew at least 24-hours before the end of each term and your credit card will be charged through your iTunes account. Account will be charged for renewal within 24-hours prior to the end of the current period, and identify the cost of the renewal. You may cancel automatic renewal and manage your subscription by selecting Manage App Subscriptions in your iTunes Account settings and selecting the subscription you want to modify. The cancellation will take effect the day after the last day of the current subscription period, and you will be downgraded to the free service. Any unused portion of a free trial, if offered, will be forfeited when you purchase a subscription, if applicable.

An artist can create their digital art and upload the file and documentation through KnownOrigin. Later the art will be tokenized by the platform and it will be live on the KnownOrigin’s gallery.

Which NFT Auction Marketplace is Best for you?

OpenSea is an NFT Auction Marketplace, which is more like an eBay for digital products. You can find anything related to digital products on OpenSea. It is the largest and the first peer-to-peer NFT platform for crypto goods.

Whereas KnownOrigin is mainly concentrated on the digital artists. Since it is concentrated on artworks. You wouldn’t find anything other than art in KnownOrigin. The items on KnownOrigin would look more like items on sale in an Art Gallery.

If you are an artist or a collector of artworks you should prefer KnownOrigin as you would find a wide range of options and if you want some other crypto goods you can prefer OpenSea as it is the largest NFT marketplace.

What is a NFT auction?

NFTs, or non-fungible tokens, are essentially blockchain-based certificates validating that someone owns a piece of digital art.

How can I buy NFT?

Most NFTs are Ethereum-based tokens, many marketplaces for these collectibles accept Eth tokens as payment.

What are DeFi products?

DeFi is short for decentralized finance, an umbrella term for a variety of financial applications in cryptocurrency or blockchain.

Trading cards are the huge traffic generators towards the platform which attracts huge crowds for the unique collection of player’s cards and images. Collecting the traditional trading cards in the form of NFT keeps your collection unique and also increases your asset value in the marketplace, which is also fun to own a unique collection of NFT cards.

How does NFT endow the sports industry?

Sport is an inimitable factor that cherishes the audience with its hype and goosebumps moment in the field. The adrenaline rush accelerated in the field pumps our blood through the visual experience. The experience and the rush from the sports attract the people towards it from the day we toddle.

Bringing back childhood memories of collecting sports cards, posters, memorabilia in the form of NFT sports collectables attracts a versatile audience towards the platform regardless of age. The combination of two attractions seeking platforms like sports and NFT attracts huge traffic towards the platform and proffers a better revenue flow.

Sports collectables like player cards, images, video clips, accessories and other collectables can be created as NFTs that attract a huge audience towards the platform. The attraction towards sports and the huge fan base of exclusive players are incomparable. Creating players images, videos, autographs and accessories as NFT brings a huge sale for your NFTs. Brands representing exclusive players and launching their product with their representation is one of the product boosting factors and a marketing strategy for business outsourcing. Building a unique NFT platform exclusively for sports offers greater market visibility and attracts a huge crowd towards your platform.

Tokenizable assets in Sport NFT Marketplace

Tokenizable Assets In Sport NFT Marketplace - Trading cards

Trading cards

Trading cards are the huge traffic generators towards the platform which attracts huge crowds for the unique collection of player’s cards and images. Collecting the traditional trading cards in the form of NFT keeps your collection unique and also increases your asset value in the marketplace, which is also fun to own a unique collection of NFT cards.

Tokenizable Assets In Sport NFT Marketplace - Accessories

Accessories

Players accessories like jersey, shoes, wristbands, caps, coolers receive a huge invitation from the audience. These are a unique collectable that manages a stable increase of its value in real life. Converting it as NFTs offers huge revenue and ownership rights for your assets with royalty.

Tokenizable Assets In Sport NFT Marketplace - Memorabilia

Memorabilia

Sports memorabilia such as awards, trophies, autographs and sports equipment of exclusive players are widely accepted and in-demanding unique assets in auction houses.Tokenizing such a collectable into NFTs offers substantial benefits and unimaginable fortunes for your NFTs.

Tokenizable Assets In Sport NFT Marketplace - Video clips

Video clips

Tokenizing Exclusive Video clips and photographs of players into NFTs gains huge traction to the platform. Few early adopters have launched their marketplace for a particular sport and experiencing huge success in the trend of NFTs.

It’s also possible to connect a new Trezor wallet to an existing Metamask hot wallet. The instructions are a bit more complex but you can find them (for Ledger wallet) here, and here (for Trezor wallet). This is a great option if you start using Metamask and then decide to buy a hardware wallet to secure your crypto or NFTs.

4 alternatives to using Metamask as your NFT wallet

All 4 of the wallets below support ERC-721 and ERC-1155 NFTs. You can store your gaming and collectibles in the wallet and wallets like Enjin make it easy for your to use your NFT for in-game experiences.

Top gaming NFT wallet

  1. Enjin Wallet– Enjin wallet is a mobile wallet built for both NFTs and crypto. It supports Bitcoin, Litecoin, Ethereum, Polkadot, Binance Coin and all ERC-20 (Ethereum) tokens. Importantly, Enjin NFT wallet also supports all ERC-721 & ERC-1155 NFTs. Enjin wallet is most popularly used for gaming NFTs. Because Enjin is a gaming and metaverse platform, Enjin wallet lets you trade NFTs, and provides blockchain gaming support. It also offers in-app token swap (Android only). With Enjin wallet, you can carry your digital identity across blockchain games and apps. This makes it simple to move around the gaming ecosystem. The wallet has 4.5 out of 5 starts across 650 reviews on the App Store, so Enjin must be doing something right. – Phantom wallet is an NFT and DeFi wallet created for the Solana blockchain. The wallet comes as a Chrome browser extension only at the moment. Phantom has recently announced that its mobile wallet is coming soon however. The great thing about Solana wallet is that it integrates with Ledger Hardware wallet. This gives it security above and beyond any hot wallet on this list. Phantom wallet appears to have an Ethereum Mainnet integration in the works; you can sign up for their Beta waitlist straight from their website.

Top NFT collectibles wallet

  1. Trust Wallet – Trust wallet is another mobile wallet you can use to store both crypto and NFTs. The NFT section can be found under their ‘collectibles’ menu. Trust Wallet integrates with both Ethereum and Binance Smart Chain so you can send, receive and store NFTs from both of these networks. You can’t store Solana NFTs on Trust Wallet however.
  2. C98 Wallet– C98 NFT wallet is an NFT and cryptocurrency wallet with multichain support. You can store, send and receive NFTs across a bunch of blockchains including the big three: Ethereum, Solana and Binance Smart Chain. The wallet takes a little getting used to because of its multi-chain functionality. But it has native links directly into NFT marketplaces where you can buy your NFTs. Also, their support team is really responsive and has helped us out with using the wallet on a few occasions. That’s rare in crypto, and more than we can say for Metamask!

NFT wallet

Maticz, the pioneer in NFT MarketPlace Development designs and develops the NFT Marketplace Mobile Application to make the trading of digital assets easily and compactly over your handheld mobile phones. Our Mobile App Developers are experts in developing NFT MarketPlace Apps on all major operating systems like Android, iOS, etc.

Features of NFT Marketplace App

The NFT Marketplace App can be an efficient solution to its users through its set of specific features which include,

  1. Market at your palm-top
  2. Limited time asset listing
  3. Active asset listing
  4. Active Trade Notification
  5. App available in Multiple Platforms
  6. Preferential modes of trading and listing
  7. Active Market Analytics
  8. Personalized Privacy Setting
  9. Biometric Identity enabled security
  10. Competitor Comparison Graphs
Secretum is a fully-encrypted P2P messaging and OTC crypto trading app, based on the innovative Solana Blockchain. It offers Metaverse gamers and NFT traders unrivaled features and benefits:

Secretum – The Messaging and Trading App For The NFT Metaverse Era

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Facebook’s name change to Meta, and the announcement of its strategic pivot to becoming a Metaverse company, have sent shock-waves through the tech community. Metaverses are already considered to be the next technological great leap forward, and potentially far bigger than the internet revolution. They can be defined as a combination of multiple elements of technology, including virtual reality, augmented reality, and video where users “live” within a digital universe. These users will be looking for a messaging and trading solution inside the metaverses, something that Secretum could offer.

The gaming sector is already pioneering the Metaverse era with significant success, and combining it with the advantages of Blockchain technology. Games like Axie Infinity and Sandbox turn in-game assets into Blockchain-based Non-Fungible Tokens (NFTs), which hold real economic value and can be traded and/or held for long-term appreciation. The use of NFTs in gaming metaverses has resulted in an unprecedented boom in player spending and NFT values:

  • Axie Infinity is generating $2.7 billion in annualized revenues, mostly from NFT character sales, with an in-game currency having a market value of over $9 billion.
  • Sandbox, a virtual world development game, saw its sales of NFT land plots surge by over 1,600% in 2021 with sales of over $3 million per day.
  • LitCraft Nysperience’s limited-time NFT launch sale raised $2 million in under two weeks.

The overall NFT market has also remained robust, with new records being set in 2021:

  • To date in 2021 NFT sales have surpassed $9 billion, a more than 25-fold growth over 2020’s total sales of reached $340 million.
  • Digital artwork “Everydays — The First 5000 Days,” sold for $69 million at a Christie’s auction in March.
  • Sales of NFT trading platform OpenSea reached $14.6 billion.

NFT Metaverse Gaming – Growing Success, Rising Challenges

An innovative Blockchain startup has created an unprecedented Solana-based solution to allow secure and low-cost NFT trading and P2P communication – Secretum. Secretum could help solve the new challenges to gamers and NFT traders alike that the proliferation of NFT gaming Metaverses is bringing:

  • High Fees – Over 80% of all NFTs are based on Ethereum-standard Blockchain tokens (ERC-20, ERC-721 or ERC-1155). Since each token needs a certain amount of power to be generated, each NFT transaction comes with a so-called “gas fee”. The fee comes to an average of 23%, constituting a significant burden on traders and players.
  • A Broken Market – Although a number of NFT trading platforms are operating (Opensea, Rarible), they do not help NFT Metaverse gamers find specific NFT gaming assets. Liquidity is therefore artificially limited and slows down the expansion of Metaverse ecosystems.
  • Crypto Asset Insecurity – Gaming NFTs are worth more than $10 billion As crypto thefts are becoming more frequent and bigger in size, gamers need to find a way to keep their NFTs safe – and be able to trade and communicate with other gamers in complete safety.

Secretum – The Messaging and NFT Trading Solution To Power Gaming Metaverses

Secretum is a fully-encrypted P2P messaging and OTC crypto trading app, based on the innovative Solana Blockchain. It offers Metaverse gamers and NFT traders unrivaled features and benefits:

  • Fully P2P trading of NFT and other crypto assets via an escrow smart contract functionality, with users able to locate NFT assets owned by other wallets. This creates an ecosystem of NFT trading for gaming Metaverses, where games can meet and trade in-game assets at a minimal cost – Solana’s average transaction fee is only .00025, beating Ethereum’s cost by a factor of over 100x.
  • Anonymous registration and messaging with any other wallet owner in the world, based only on wallet address – ideal for becoming the medium of communication for Metaverse communities.
  • High-security NFT storage on a network of distributed nodes, eliminating a central point of failure and the risk of crypto theft. This incentivizes the storage of more gaming NFTs on Secretum, in turn creating a larger trading market.
  • An NFT trading platform built for scale, thanks to Solana’s capability of processing up to 700,000 transactions per second, 40,000x more than Ethereum.
  • Solana’s cross-chain compatibility with Binance Smart Chain and Ethereum, the latter constituting the vast majority of Metaverse gaming NFTs. This will facilitate Secretum’s penetration of the NFT gaming market from the day of launch.

As many online games have communities of over 50 million users mostly rely on teams of players, secure communication is a key element to make gameplay run smoothly. In NFT Metaverses, players will both communicate and exchange NFT assets to enhance their gaming capabilities. Secretum offers a single solution to solve both market needs, in a user-friendly, inexpensive, and secure manner. The final goal for Secretum is nothing less than becoming the go-to app for all Metaverse NFT trading and gaming communication. As the era of gaming Metaverses dawns, Secretum is positioned to leverage its powerful growth and future expansion from the very start.

The discrepancy in account models of Flow blockchain and Ethereum primarily rests in the ability to track smart contracts and tokens. Basically, an Ethereum account could track all tokens and the smart contracts with which the account has interacted through Ethereum logs. On the contrary, Ethereum does not present a single store of account assets for smart contracts. The resource-oriented programming model of Flow blockchain ensures effective tracking of smart contracts with which your resources have interacted.

Which One Is the Better Choice for NFT – Flow Blockchain vs Ethereum?

As you can see clearly, Flow is currently the emerging favorite for NFTs. At the same time, it is impossible to undermine the role of Ethereum in boosting the popularity of NFTs. As a matter of fact, most of the NFTs in circulation today are created using Ethereum. So, it is important to take a deeper look at the difference between Flow blockchain and Ethereum for identifying the best alternative among the two.

Scalability

The first point of comparison in Flow blockchain vs Ethereum debates refers to scalability. You can find a throughput of almost 13 to 15 transactions every second in the Ethereum network, making it inadequate for large-scale use. Ethereum was not successful in dealing with the sudden growth of users in the CryptoKitties game. On the other hand, developers created Flow blockchain with the goal of solving the scalability problem while ensuring decentralization and high-security levels.

Ethereum opts for the use of sharding to facilitate horizontal scaling of the blockchain network. On the contrary, Flow blockchain relies on the multi-node architecture to facilitate vertical scalability. Therefore, the work is divided among different nodes in the Flow blockchain.

With four different types of nodes such as collection nodes, verification nodes, execution nodes, and consensus nodes, Flow blockchain gains advantages over Ethereum. Most important of all, Flow blockchain emerges as a winner in the Flow vs Ethereum comparison in terms of scalability. The use of four distinct types of nodes helps in ensuring optimal decentralization and distribution of node operators.

Transaction Fees

The comparison between Flow and Ethereum also takes the transaction fees into account. Ethereum users must pay gas as the fees for performing a transaction and ensuring the successful execution of smart contracts. The transaction fees on Ethereum depend profoundly on the complexity of the smart contract and load on the network. Users have to pay gas fees in Ether, the own cryptocurrency of Ethereum.

In the case of Flow, the creators were not happy with the high cost of transaction fees. So, was Flow successful in solving the problem of high transaction fees? The answer to this question is clearly evident in the facility of two distinct fees applicable for the transactions. The first fee in the case of Flow blockchain is the cost of creating your account, estimated at 0.001 FLOW. The second fee is actually a transaction fee which starts at almost 0.000001 FLOW.

Wondering what is metaverse in blockchain? Here’s a quick guide on blockchain metaverse that will help you know about the fundamentals of blockchain metaverse.

Account Model

Another pointer for comparing the two entries in the Flow blockchain vs. Ethereum debate refers to the account model. Generally, the most important aspect of an Ethereum account refers to the private key, which is basically a 256 bits or 32 bytes hexadecimal number. After successfully generating the private key, mathematical operations on it could help in obtaining the public key. Subsequently, the public key goes through multiple mathematical operations for obtaining a valid address. Now, it is important to note that you could not create a private key by leveraging a specific address.

In the case of Flow, the blockchain network automatically creates an account on Flow while ensuring support for multiple public keys. In addition, you should generate the public and private key pairs first by leveraging the Elliptic Curve Digital Signature Algorithm or ECDSA P-256 or secp256k1 curves.

Then, the system must ensure that the transaction goes to the blockchain. Such a transaction helps in the initialization of new account storage followed by the assignment of generated keys to the concerned account. Every account on Flow blockchain could have an association with 1to n public keys. In addition, Flow also features a private key in the direct ownership of the account holder for every public key.

The difference between Flow blockchain and Ethereum also becomes quite clear with smart contracts on Ethereum being deployed to individual accounts. In addition, the individual accounts do not feature a private key in Ethereum. Furthermore, Flow blockchain ensures that accounts can ensure the deployment of multiple smart contracts simultaneously.

The discrepancy in account models of Flow blockchain and Ethereum primarily rests in the ability to track smart contracts and tokens. Basically, an Ethereum account could track all tokens and the smart contracts with which the account has interacted through Ethereum logs. On the contrary, Ethereum does not present a single store of account assets for smart contracts. The resource-oriented programming model of Flow blockchain ensures effective tracking of smart contracts with which your resources have interacted.

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Consensus Mechanism

The topic of consensus mechanism will definitely be one of the top priorities in the Flow vs Ethereum comparison. Ethereum presently relies on the Proof-of-Work or PoW consensus mechanism, which pits miners in a competition for creating new blocks. The miners are able to solve cryptographic puzzles faster than others, with capabilities for establishing cryptographic connections among blocks.

Furthermore, Ethereum developers are also planning to shift to the Proof-of-Stake or PoS consensus protocol. With the PoS consensus mechanism, validators would place ETH as stakes for participating in transaction verification. Interestingly, the selection of validators at random ensures the creation of new blocks and sharing them with the network alongside receiving rewards. The transition to PoS consensus could introduce a potential reduction in energy consumption as well as gas fees.

While Ethereum plans to introduce PoS, the Flow blockchain is already operating on the PoS consensus algorithm. The consensus algorithm comparison for Flow blockchain vs Ethereum shows the difference in the ways for participants to make profits. PoS encourages participants to reap results from elevating the currency value.

On the other hand, PoW encourages participants or miners to increase the commission. PoW is also one of the important reasons for scalability issues in Ethereum. So, Flow blockchain definitely comes on top as a winner, especially for creators waiting to launch and capitalize on opportunities with NFT projects.

Working Philosophy

The philosophy underlying Ethereum relies on different principles such as universality, agility, simplicity, non-discrimination, and modularity. Generally, the average programmer must have the capabilities to implement a desired decentralized application. In addition, Ethereum also serves universality by working as an ideal platform as the base for applications for different purposes.

In addition, Ethereum developers are also seeking for prospects in the improvement of the security and scalability of blockchain. Although the comparison between Flow and Ethereum turns towards Ethereum in terms of working philosophy, it is completely different. Smart contract development on Ethereum involves many tradeoffs in reality.

For example, you have to constantly work on identifying the balance between the desired app architecture and unique peculiarities in Solidity. Furthermore, the implementation of a smart contract is considerably complex, with multiple scenarios and rising costs with each unnecessary action.

The philosophy of creators behind Flow blockchain draws considerable inspiration from other blockchain networks such as Ethereum. The developers of Flow blockchain have evaluated all problems that developers face before creating the platform. Flow blockchain enables developers to concentrate on business logic rather than worrying about complicated blockchain specifics.

Even if Flow blockchain is new and you have to go through a prominent learning curve, it offers adequate documentation. In addition, the creators of Flow are constantly striving to introduce improvements that would allow simpler approaches for development.

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Smart Contracts

Smart contracts are also one of the pointers for Flow vs Ethereum comparison. Generally, Ethereum is associated with smart contracts directly. It is practically the top platform preferred for creating smart contracts. Any transaction over the smart contract is documented on the blockchain and thus becomes immutable.

On the other hand, some developers perceive the need for modifications in the smart contract after deployment in the event of identification of any issues. Flow helps in releasing smart contracts in a ‘beta state’ on its mainnet. Therefore, the original author of the smart contract could easily update the code in a stepwise process.

On the other hand, users could opt for using the code just as it is at a specific instance. Users could also wait for the completion of the code before putting their trust in the code. Therefore, it is clear that Flow blockchain offers better flexibility in terms of smart contract optimization.

You can get a brief overview of the difference between Flow blockchain and Ethereum in the following comparison table.

CriteriaFlow BlockchainEthereum
ScalabilityScalability targeted towards larger audiences.Highly difficult scalability with only 13 to 15 transactions per second.
Transaction FeesAccount creation fee and transaction fee amount for a very low transaction cost.Transaction fees depend on network congestion and the complexity of smart contracts.
Account ModelBlockchain automatically creates blockchain with support for multiple public keys.An account is created on the basis of a private key.
Consensus MechanismFlow blockchain uses the Proof of Stake consensus algorithm.Ethereum is presently using the Proof of Work consensus algorithm and plans for introducing the Proof of Stake protocol.
Working PhilosophyDevelopers can concentrate on business logic rather than blockchain technicalities.Smart contract development on Ethereum involves a lot of tradeoffs.
Smart ContractsSmart contract authors could update code before making it immutable. A smart contract could not be modified after execution.

Final Words

The discussion on the Flow blockchain vs Ethereum debate shows that both of them have suitable capabilities for a wide variety of applications. However, the features of both of them have pros and cons, especially in relation to NFT development. While Ethereum is working on new solutions for scalability with sharding as the preferred option now, Flow blockchain offers scalability effortlessly with a multi-node architecture.

Furthermore, Ethereum imposes high transaction costs and does not allow modifications in smart contracts, while Flow blockchain does the opposite. In a head-to-head comparison, Flow blockchain definitely takes the top edge in some facets. However, the choice of a blockchain platform for NFT development ultimately falls on you.

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About Author

Diego, a blockchain enthusiast, who is willing to share all his learning and knowledge about blockchain technology with the public. He is also known as an "Innovation evangelist for blockchain technologies" due to his expertise in the industry.

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