Web3 is the future of the internet. Over the next few years, the worlds of Web 2.0 and Web3 will merge, revealing blockchain’s mass-market potential. The market for Web3 digital products is growing rapidly, and it is difficult for people to resist. — As a result, the number of creators, including social media influencers, experimenting with Web3 digital products has risen. Although several creators have already built multimillion-dollar brands through such digital products, many creators continue to struggle. The market is ripe for innovation, and it is sizable, boasting more than 50 million…

The nature of crypto protocols opens up radically expansive new models to create invaluable public infrastructure. This view is so distinct that I think it warrants new language. — In this essay I outline the concept of Hyperstructures: what they are, how they work and why they will be the basis of the internet for the next decades to come. Definition Hyperstructure Crypto protocols that can run for free and forever, without maintenance, interruption or intermediaries.

Being a creator in the NFT ecosystem is daunting, especially when you’re just getting started. Although a firm understanding of non-fungible tokens (NFTs) and blockchain technology can certainly help artists succeed, those are tiny pieces of a much larger puzzle. …

What are NFTs used for? Now the ‘million-dollar’ question (literally, no pun-intended) is what can NFTs be used for and how to make serious money through them $$$ ? Let’s find out! Here’s more information on some of the better developed use-cases and visions for NFTs on Ethereum. Digital content Gaming items Domain names Physical…

How do NFTs work? NFTs are different from ERC-20 tokens, such as DAI or LINK, in that each individual token is completely unique and is not divisible. NFTs give the ability to assign or claim ownership of any unique piece of digital data, trackable by using Ethereum’s blockchain as a public ledger. An NFT…

Introduction to NFTs NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise things like art, collectibles, even real estate. …

Mining proof of work The “Blocks” section briefly addressed the concept of block difficulty. The algorithm that gives meaning to block difficulty is called Proof of Work (PoW). Ethereum’s proof-of-work algorithm is called “Ethash” (previously known as Dagger-Hashimoto). The algorithm is formally defined as:

All you need to know about The Execution Model 🚀 — Execution model So far, we’ve learned about the series of steps that have to happen for a transaction to execute from start to finish. Now, we’ll look at how the transaction actually executes within the VM. The part of the protocol that actually handles processing the transactions is Ethereum’s own virtual machine…

The Process of Transaction Execution We’ve come to one of the most complex parts of the Ethereum protocol: the execution of a transaction. Say you send a transaction off into the Ethereum network to be processed. What happens to transition the state of Ethereum to include your transaction?