Author: Jim O Brien/CEO

CEO and expert in transport and Mobile tech. A fan 20 years, mobile consultant, Nokia Mobile expert, Former Nokia/Microsoft VIP,Multiple forum tech supporter with worldwide top ranking,Working in the background on mobile technology, Weekly radio show, Featured on the RTE consumer show, Cavan TV and on TRT WORLD. Award winning Technology reviewer and blogger. Security and logisitcs Professional.

NFTs will bring Crypto worth Billions

Avichal Garg, CEO and co-founder of Electric Capital, says he is “an NFT maximalist.” Garg thinks that nonfungible tokens (NFTs) will be a big part of how people use cryptocurrency in the future. NFTs are different from other types of cryptocurrency because they can be understood through art, music, and games. Start your trading career at BitProfit. 

“Since everything comes down to culture in the end, I might think NFTs are billions of people.”

Garg says that the bear market could last as long as high inflation is the most important thing in the big picture. This means that the next market bull cycle might not happen for another year or two. Even so, he is very optimistic about the cryptocurrency business ten years from now when he looks beyond the current state of the economy.

Interest rates and inflation are the most important things to consider for the next two to three years. Verified Market Research just came out with a study that says the market for nonfungible tokens (NFTs) will be worth an incredible $231 billion by 2030. (VMR). This hopeful guess was made in the report.

Global research and the consulting group said in a 202-page report about how fast the industry is growing that the global market for NFTs will be worth $11.3 billion by 2021. VMR predicted that the industry would grow at a rate of 33.7% per year for the next eight years.

NFTs are used in many businesses and parts of life, such as music, movies, and sports. One of the main reasons people want to buy NFTs is this. The paper discusses many essential topics and ways to use NFTs that have helped sales go up.

It also says that the gaming industry is a big reason people are starting to use blockchain technology. Enjin was also one of the first companies to make a form of digital currency (ENJ). So that players could sell their in-game assets, the ecosystem turned them into tokens that could not be changed (NFTs).

There were also games that let you “play to earn” on the NFT market. During the COVID-19 pandemic, people in the Philippines could use AXS to make money differently. A lot of mystery has surrounded this pandemic, and regulators have had to pay attention. Games that let you play to make money also used the NFT market.

People still don’t know what NFT products can do in the sports world. For example, the VMR report said that Dapper Labs and the UFC make collectables together. UFC Strike is a game that is like NBA Top Shots, which is a very popular game. Non-fictional tokens (NFTs) will be used to digitise and make money from the UFC’s history.

As blockchain-based platforms meet traditional IT solutions, the business world has seen NFT marketplace OpenSea combine the Adobe service to add several new features to its products and services.

A growth consulting company called SkyQuest Technology did a study on NFTs in May 2022. There were the same conclusions as in the VMR report. The company thought the market would be worth $15.7 billion in 2021 and that the industry would grow by 34% from 2022 to 2028.

CoinDesk came up with a clever way to explain what cryptocurrencies and NFTs have in common. Cryptocurrencies are like the father in this comparison, and NFTs are like children. Even though it’s not true, it helps make sense of a complicated financial link.

When the NFT market started, it filled a need that wasn’t being met very well, and the cryptocurrency market set the prices. The NFTs grew bigger and stronger as they got older, and they wanted to be free.

 

Crypto markets take a deep Dive amid rate hikes

Crypto markets are taking a deep dive amid rate hikes. Bitcoin, Ripple’s XRP, and Ethereum’s ETH are all in the red today. The reason for the market sell-off appears to be a combination of things.

Cryptocurrency Price Action

The cryptocurrency markets took a deep dive this week amid concerns about rising interest rates. While prices have recovered somewhat from their lows, the overall trend remains downward.

Investors appear to be fleeing the space in droves, as evidenced by the sharp decline in trading volumes. This is likely due to a combination of factors, including increasing regulation and uncertainty about the sector’s future. IF you are into cryptocurrency investment, you may check about BTC And ETH.

With prices falling and no end in sight to the bear market, many investors are wondering if now is the time to give up on cryptocurrencies altogether. However, given the volatile nature of the asset class, it may be wise to wait for a more stable period before making any decisions.

Cryptocurrency Prices Heatmap

The following is a heatmap of the top 10 cryptocurrencies by market capitalization, according to data from CoinMarketCap.com.

As you can see, prices are down across the board, with most coins in the red.
Bitcoin, the world’s largest cryptocurrency by market cap, is currently trading at $13,552.33, down 4.38% in the last 24 hours. Ethereum, the second largest cryptocurrency by market cap, is currently trading at $1,203.10, down 5.97% in the previous 24 hours.

Ripple, the third largest cryptocurrency by market cap, is currently trading at $1.23, down 8.84% in the last 24 hours. Bitcoin Cash, the fourth largest cryptocurrency by market cap, is currently trading at $2,515.81, down 5.78% in the previous 24 hours.

Litecoin, the fifth largest cryptocurrency by market cap, is currently trading at $224.39, down 6.71% in the last 24 hours. Cardano (ADA), the sixth largest cryptocurrency by market cap, is currently trading at $0.611162, down 7.55% in the previous 24 hours .

More Cryptocurrency Prices

As the world economy continues to strengthen, cryptocurrency prices have taken a deep dive. All major digital currencies have lost value over the past 24 hours, with Bitcoin (BTC) falling below $9,000 and Ethereum (ETH) dropping below $700.

The sell-off comes as the US Federal Reserve raises interest rates for the second time in just three months. Higher rates typically weigh on stock and asset prices, and this appears to be the case for cryptocurrencies as well.

With more rate hikes expected in 2018, it’s possible that we could see further declines in cryptocurrency prices. However, given the volatile nature of these markets, any number of factors could cause prices to rebound in the near term. So while a further drop cannot be ruled out, neither can a sudden surge in prices.

Top NFT Sales And Collections

The crypto markets took a deep dive this week amid fears of interest rate hikes by the US Federal Reserve. However, even in the midst of this market turmoil, some digital collectors were able to rake in serious profits from the sale of their non-fungible tokens (NFTs).

Here’s a look at some of the top NFT sales and collections from the past week:

1. The Fyre Festival NFT collection sold for a total of $122,000

This collection of NFTs was created by artist Beeple and was inspired by the infamous Fyre Festival. The group included five different NFTs, each depicting a different scene from the festival.

2. A collection of CryptoKitties sold for $140,000

This collection of digital cats was created by artist Guillaume Graton and was auctioned off on Foundation, an NFT marketplace. The winning bidder will receive ten different CryptoKitties, each with its own unique characteristics.

3. A digital artwork called “Everydays: The First 5,000 Days” sold for $69 million

This piece by Beeple is a JPEG file that contains 5,000 images, each representing one day. The work was sold as an NFT on the Foundation marketplace.

4. A collection of NBA Top Shot moments sold for $1.8 million

This collection of digital memorabilia was auctioned off on the NBA Top Shot marketplace. It included moments from players such as LeBron James and Zion Williamson.

5. A digital artwork called “The Forever Rose” sold for $1 million

This piece by artist Mike Winklemann, also known as Beeple, was sold as an NFT on the Foundation marketplace. It is a JPEG file that contains a single rose that is set against a black background.

Conclusion

Overall, crypto markets have taken a deep dive amid rate hikes. This is likely due to the fact that investors are concerned about the potential for inflationary pressures down the road. However, it’s important to keep in mind that crypto assets are still in their early stages of development and there is a lot of uncertainty surrounding them. As such, it’s important to do your own research before investing in any digital currency. 

How to Use eSignature

Verification of documents using a handwritten signature is gradually becoming a thing of the past. The high pace of digitalization of all processes, including production, does not leave room for obsolete forms of certification of documents. Is it rational to print a document to write a signature by hand, and then scan it back and send it to the right address? All this can be done in a couple of minutes by using one of the many types of electronic signatures. By subscribing to the eSignature platform, you can not only sign all documents yourself with a legally binding electronic signature but also send them to your partners for the same purpose.

Start with Platform Selection

Your attitude to electronic signatures will depend on how understandable and multifunctional the chosen platform will be:

  • A user-friendly interface with all the necessary features simplifies the procedure for collecting signatures, even if many people have to put them under the document. Such platforms are multifunctional, their users do not need to turn to additional resources to complete the missing task.
  • Platforms with limited capabilities or obscure commands give users the only desire to return to those good old days when a document could be easily signed with a fountain pen.

SignNow Platform for Signing and Creating Documents

SignNow allows you to automate business processes by introducing many useful instruments into workflows:

  • Collection of electronic signatures
  • Generation of different types of documents
  • Working with partners on contracts and other papers
  • Integration of eSignatures into the customer’s software with the help of API
  • Creation of payments
  • Mobile application for eSignature

More than 20 million business and private clients use the platform’s services. Thanks to their feedback, all signNow software products have been improved over the years. And now you have the opportunity to work with the ideal product, optimized for the maximum number of necessary tasks and customized to your personal needs. The best proof of the quality and modernity of the services provided by the platform are consumer reviews on the most popular tech marketplace G2.com.

 How to Signature with SignNow

The tools offered by the platform allow users to put a eSignature that will be legally binding, and therefore accepted in all government and business institutions, including courts. The user can also indicate the location of the signature in the documents and send it to his partners. To estimate all these features, you can try the software for 7 days absolutely free. The sequence of actions when working with eSignature is very simple:

Registration on the Platform

Create your account, which will give you access to all the features you require. SignNow offers more than 100 useful functions for working with documents. Decide which ones will be needed in your work.

Selecting a Document to eSign

Users can work with ready-made documents by uploading them or creating them in the working window directly on the platform. Import the file into the system to get started with it.

Add Required eSignature Fields

Use the various functions on the left panel to edit your file to add signature fields, lists, or anything else.

Insert Your Electronic Signature

On the left panel, select the “My Signature” button and click on it. Specify the location in the document where it should be located. The eSignature can be entered in various ways:

  • download
  • type
  • draw

Determine its size relative to the rest of the text and indicate the exact position, then click OK.

Completion of Work

Confirm the end of working with the document by pressing the “Save and Close” button. You can then download the file to your computer or invite others to sign the same document. The text can be sent to them by email or by sharing a link.

Where Electronic Signature Is Applied

Today, almost all documents can be certified with an eSignature:

  • Business agreements
  • Reports to state and other regulatory bodies
  • Tax forms
  • Registration of all kinds of transactions, including the purchase or sale of real estate
  • Regulation of labor relations, especially in the case of remote cooperation between the employee and the employer
  • Filing applications for all kinds of services, including educational, medical and other
  • Financial transactions, including document flow with banks

There are only a few exceptions where an electronic signature won’t work. For example, this happens in cases where some important document needs to be signed in the presence of a notary.

SignNow provides its services to both individual and corporate clients. By integrating eSignature into work processes, you can save up to 40 hours of working time for each employee per month. Add to this many other valuable features offered by the platform, such as the use of templates, teamwork on documents. Increasing the efficiency of all processes related to document management will free up significant working time for employees, directing them to more creative and non-automated tasks.

Nokia Mobile Dublin Launch event October 2022

Today Nokia Mobile (HMD Global) had a private launch event in Dublin, Check out the products on show and stay tuned for more soon on here and techbuzzireland.com One message Nokia made clear at this launch is sustainability and being eco friendly as you will see with their new packaging and a clean portfolio of devices you will recognise unlike other that flood the market with multiple devices.

There is a phone for everyone here at all price points and send a message, feature phones is one great place to start for a digital detox yet giving you the basics and my pics is the Nokia 5710 Express Audio which combines two products in one, that being earbuds built into the device itself and the earbuds will work with other products too and not just the phone itself..

Check out a quick video below at what is on offer and stay tuned for more and reviews coming soon. I have been an avid Nokia fan over the years and own a huge collection of devices from yesteryear which I plan to take a look down memory lane soon here and on our YouTube channel.

Video Link 

 

How Do Online Casinos Use Latest Technology Trends

Since the instigation of modern technology, it has contributed positively to the growth of online casinos today. In fact, it is impossible to find any casino online that doesn’t employ some of these techs. And here, we will take it a step further to review some of the latest technology trends that several brands employ now. While some of them are obvious improvements, most of them are rather unappreciated, and we will open your eyes to them. Let’s go!

Artificial Intelligence

When you visit your online casino website, you will find some gaming recommendations, and surprisingly, these recommendations never miss. Most times, it is always something you are genuinely interested in or a game you already play regularly. If you didn’t know before then we should enlighten you that it is not a coincidence—that is the work of Artificial Intelligence (AI).

With AI, online casinos can observe your activities and see what you play regularly. And with that information, they specially tailor your recommendations and ads to suit what you could want.

Chatbots

Chatbots in online casinos are tailored to answer specific requests and give you solutions to common problems. These automated response machines did not exist in the past so players had to wait in queues before an agent attended to them. And they later find out that it is a simple issue that can be solved with a click of a button.

So to tackle that redundant issue, online casinos employ chatbots that are pre-programmed with common problems customers face. And most importantly, they also program their respective solutions. This innovation has helped to cut out lots of waiting because only players with more serious reach out to agents.

Full E-wallet Support

Before now, several regions were unable to enjoy their gambling as their governments placed so many restrictions on using banks to fund and withdraw from your casino account. But with most online casinos now supporting several e-wallets for both deposits and withdrawals, players get to enjoy hitch-free transactions as they are more lenient with their rules.

Most importantly, e-wallets are modern digital payment methods so they guarantee the safety and privacy of users, making them the perfect alternative.

Live Streaming

Gone are the days when interested persons were unable to keep track of casino tournaments and events. Back then, people only saw live trackers and scoreboards to get a grasp of what was happening. Today, modern technology makes it possible for anybody to click a button and live stream tournaments. This is a luxury that only old-school players deeply appreciate.

Smartwatch Gambling

Did you know that some casinos now support gambling from your smart devices? The one that blows most people’s minds is that of smartwatches. Technological innovations have found a way to perfectly optimize several casino games for smartwatches. So far, you can play games like:

  • Slots
  • Roulette
  • Bingo

This innovation allows players to experience another mobile alternative when they don’t have access to their phone or computer. 

Instant Identity Verification

Casino verifications don’t take so long anymore. While some do it in minutes, others make it less than 24 hours. But did you know that in the past, players had to wait for days to get their verifications done? It took about five to seven working days to verify your account before you could get full access and it was an unusually long wait. Thanks to the latest technology that allows casinos to use automation for IDs, they can confirm if yours is legit or not.

Virtual Reality (VR) and Augmented Reality (AR)

Although VR and AR are not yet full-blown in the industry, the little we see is astonishing. These technologies are a big game changer and would allow players to enjoy a hands-on casino experience from the comfort of their abode. Live dealer games are great, but VR and AR are taking it to the next level. Wait and see!

Irish Girl Guides Develop their Cyber Powers During Cyber Security Awareness Month

The Irish Girl Guides (IGG) have partnered with Bank of America to promote cyber safety, with the launch of a new Cybersecurity Badge for their Ladybird, Brownie, and Guide branches. At a time when cybercrime is costing the Irish economy c.€9.6bn per annum and over half of children have confirmed that they have been cyberbullied, the new partnership between the Irish Girl Guides and Bank of America that this year alone will benefit over 2,300 girls, age 5-17 yrs and support them in developing cybersecurity skills.

The launch of the new Cybersecurity Badge programme, created by Dublin based cyber security and technology experts is designed to promote the responsible use of technology and teach the Girl Guides how to stay safe online while also showing the girls and young women the exciting uses and opportunities within the technology industry.

Partnering with Bank of America and its highly skilled team of technology experts enabled IGG to develop a bespoke age-appropriate curriculum that encourages girls and young women to explore different aspects of technology in a responsible, fun and educational way. The women within the technology sector of Bank of America represent great models for the Girl Guides to follow as they show the girls what hard work and determination achieves. Ultimately, this partnership is an amazing opportunity that further supports IGG mission in enabling girls to discover their full potential and become responsible, savvy users of technology.

Roisin Mills, the Brownie Branch Chairperson of Irish Girl Guides, is especially enthusiastic about this partnership saying, “Working in the IT industry as I do, I feel it is really important for all to know how to stay safe online. This badge programme developed by IGG with support from Bank of America will help our girls develop knowledge about how to practice safety and precaution online in a fun and memorable way. This is only the first step in building a foundation and interest in STEM; inspiring girls to uncover their potential and introduce them to the possibility of a career in the STEM field. I cannot wait for my Brownies and Guides to complete the badge!”

It is no coincidence that the Irish Girl Guides chose the month of October in which to launch this badge. October is globally known as International Cybersecurity Awareness Month (ICSAM); a month-long public awareness campaign between governments and industry, which aims to raise public awareness about cyber security best practices, and how to stay safe online wherever you are in the world. To celebrate the launch of the badge programme coinciding with ICSAM, the Irish Girl Guides have released a very special cyber edition of their seasonal magazine, Trefoil News.

Michelle Garrigan, Cyber Threat Intelligence Lead for Europe, Middle East and Africa at Bank of America said: “Bank of America is delighted to support the development of IGG’s new Cybersecurity Badge. Educating young women and girls on cybersecurity and staying safe online has become increasingly important in today’s technology driven world, and our team of technology experts are proud to have supported the development of this new and modern badge to the Irish Girl Guides curriculum which will benefit over 2,300 members.”

The Cybersecurity Badge programme offers a unique opportunity to learn about personal security from an early age and develop good practices that will serve them well for years to come. Each badge is comprised of activities and games that teach girls and young women taking part the foundations to prevent cyber risks and the appropriate protocol when encountering them. This badge programme which supports each of the Girl Guide branches, covers important topics such as the basics of technology and the internet, password security, risks associated with information sharing, and teaches the girls how to spot online scams.

Claire Barkey, CEO of Irish Girl Guides, believes the awareness of cybersecurity is crucial for young girls and women; “Thanks to the support of Bank of America, IGG have been able to revitalise badges that support an awareness of cyber safety at a time when it is  important for young girls and parents to be familiar with the opportunities and challenges online.  IGG take great pride in ensuring our programme is relevant and contemporary for our members and supporting young girls to understand different aspects of the IT industry will promote opportunities in STEM moving forward.  We are excited to partner with BOA and look forward to more opportunities for collaboration!”

Crypto transactions to attract GST, and how will it affect you?

The government has started to work on a full set of rules for crypto assets, which could lead to indirect taxes on cryptocurrencies shortly. A recent study found that making these rules would keep the government from losing money because people wouldn’t know what these assets are. People who know about the issue are quoted in the article saying that the GST rates for cryptocurrencies could be anywhere from 18% to 28%. You can start trading Bitcoin by using a reputable trading app. 

Once the legal status was known, the two people said, the right GST rate would be set. They asked to stay anonymous so that they could say whatever they wanted.

Services are already taxed, so we need to determine if crypto assets are goods or services. It’s possible that neither 18% nor 28% is correct.

Something in the middle, maybe. One of the two people who talked to the newspaper said they had talked about it a few times and were almost ready to decide what to do.

Currently, the government taxes digital assets and cryptocurrencies with a 30% capital gains tax rate. 1% TDS is also taken out when these things are bought. The government will indirectly tax this asset if cryptocurrency owners have to pay a goods and services tax (GST). This differs from direct taxes like income tax and social security tax deductions.

Our direct income, which is called “Income from Crypto Asset” in the tax system, is taxed at a rate of 30% Direct Tax. On the other hand, the Goods and Services Tax (GST) is an indirect tax that is added to the price of goods and services sold or bought. Because you buy things, you have to pay this tax. 

People think that the way taxes are set up now will change so that cryptocurrencies can be taxed, especially if a new tax rate differs from the ones already in place. Nikhil Varma, the Managing Partner at Miglani Varma & Co., said that more changes would depend on how the government deals with transactions that use cryptocurrencies.

How does the GST change the way people can buy and sell cryptocurrencies?

One way to explain what “goods” are is through GST. “Money” refers to legal cash or a foreign currency that the RBI accepts. Under the GST, digital assets are not considered “money” because they are neither legal cash nor foreign currency that the RBI recognises. Also, the way the Goods and Services Tax Act uses the word “security” does not apply to digital assets.

What will happen to how people in India trade cryptocurrencies because of this?

People find it harder to trade cryptocurrencies because of India’s income tax and TDS rules. Because of this, less business is being done on the largest exchange platforms.

Chopra says that if this system were implemented, there would be less trade all over the country. Clients could also consider moving their cryptocurrency from an exchange to a private wallet. Also, as he said, it could lead to a direct link between decentralised exchanges and customers, making business easier.

If a GST system was implemented, it would be much harder to buy and sell cryptocurrencies. The law would say which businesses have to charge GST and which don’t. Also, it’s possible that some merchants will be able to get a credit for the GST they paid when they bought cryptocurrencies and others won’t be able to

Several news stories from today say that the GST Council is likely to talk about putting a Goods and Services Tax of 28% on cryptocurrencies.

Sources say that the GST Council has set up a committee that will soon look into the proposal to charge 28% GST on all cryptocurrency-related activities and services. It’s possible that the idea will be brought up at the next meeting of the GST Council. People can sell and buy cryptocurrency tokens on different exchanges, store these assets in centralized and decentralized wallets, and stake on multiple platforms. The GST Council could look into all of these things before making a decision.

Since the government said people who make money from cryptocurrencies and other digital assets will have to pay a flat tax rate of 30%, there have been rumors that cryptocurrencies will also have to pay GST. On July 1, 2022, cryptocurrency transactions will also have a TDS of 1% added.At the moment, the services that cryptocurrency exchanges provide are taxed at 18%.

 All of them must pay GST equal to 28% of their total value, plus an extra 3% for gold.

How is Blockchain technology changing the fate of the oil industry?

Multiple industries in the world are getting technological developments at a large scale. However, not every industry has been changing for years. Some industries in the world are working with traditional technology only, and one among them is oil and gas. You will be surprised to see that the oil and gas industry has worked in the old technology for years and is still profitable for the involved parties. You should understand that the work done in the oil and gas industry is none easier than in any other industry. Like Bitcoin, Oil trading also has a Potential Revenue. 

However, the companies involved in the same are making massive returns. This is because their skill set and effort allow them to make profits out of such a complicated industry, and the new players can also do the same if modern technology is involved. As far as modern technology is concerned, the Blockchain is being used in oil and gas, and things are changing significantly because of the same. Therefore, the fate of the oil and gas industry is significantly changing due to the involvement of Blockchain and the details regarding the same are given below.

New tech involvement

One of the most crucial things that will be changing with the help of Blockchain technology in oil and gas is the technology. Due to the old technology, the oil and gas industry has remained at the same level. New parties may enter the market, but the old ones keep making a profit because they keep the same. But, things are about to change because the feet will change with the involvement of a new technology, Blockchain.

Better profit will increase by implementing better and faster technology in oil and gas. Apart from this, the tasks will be much easier for every part of the oil and gas industry, and that is how the future of oil and gas will change significantly. Apart from all this, a technological environment will change how things are looked upon.

Lower manpower needs

Oil and gas is an important area of the world and requires a lot of manpower. Regardless of the area of the oil and gas industry, manpower requirements are significant, but that will decrease with the help of the implementation of Blockchain. Yes, by using Blockchain technology, there will be lesser manpower requirements in the technology-driven areas. For example, regarding computer operations, almost 10 people are required at every computer to deal with a particular task.

However, that will be removed with the help of blockchain technology, and there will be better automation. In addition, by using Blockchain, the smart contract feature will work; therefore, there will be less requirement for manpower which will ultimately decrease the cost of operations for the company. So, it can be seen that the future is here, and the Blockchain is the way toward moving to the future for the oil and gas industry.

Highly futuristic

Futuristic technology is required to make tasks much more sophisticated for every participant in a particular industry. For example, in oil and gas, manpower is employed everywhere; apart from that, traditional machinery is also one of the essential parts. However, if this is to revolutionise, the Blockchain has to be implemented. With Blockchain technology in this area, people and other machinery will be highly futuristic.

Smart contract features will bring about a revolution by automation in oil and gas, which is why profit will increase. Apart from everything else, there will be more automation; therefore, the manpower will be capable of focusing on pressing concerns like technological development. Moreover, they will be employed in adding on more technology which will make the companies and industry much more futuristic to deal with future challenges.

Room for traders

Oil and gas trading is considered very profitable as long as the traders have adequate knowledge. But, an important part is also played by the companies. Yes, as companies use traditional technology, the accuracy of price predictions is challenging. However, with the use of modern technology, tables can turn. By using modern technology like the Blockchain, things will be much more sophisticated for the traders. For instance, much better price predictions can be made with higher accuracy, which can profit them.

Apart from this, there will be an easy mechanism for clearing the transfers, which is why the traders will not have to miss any opportunity in front of them. So, futuristic technology will make the room much more significant for the oil and gas industry traders. It is just a matter of time before the traders see this. More and more traders will be involved in the oil and gas industry in the future, and there will be much bigger space for them.

Crypto exchange WazirX launches the “Learn & Earn” campaign with Sandbox

The biggest cryptocurrency exchange platform in India, WazirX, started a new “Learn & Earn” campaign in partnership with The Sandbox, an Ethereum-based game that lets players earn money by playing. These campaigns aim to get more people interested in the cryptocurrency market. The campaign will start for real on September 19. As part of the campaign, there will be a two-stage contest, and the top five winners will each get a free Alpha pass for the new Alpha season on The Sandbox, which just started. If you are planning to trade Bitcoin, you might consider knowing about the Bitcoin Crash.

Rajagopal Menon, Vice President of WazirX, said, “We want people new to cryptocurrency to find it fun and interesting to learn about.” We hope to reach this goal through our “Learn & Earn” campaign, which we are running with The Sandbox. We hope that a lot of crypto fans and gamers will take part.”

According to the announcement, the first thing contestants must do to have a chance to win is finish a fun test with 10 questions about The Sandbox Alpha. After the challenge, each participant must trade in at least 10 SAND between 10 a.m. and 10 p.m. IST on September 19, 20, or 25.

The people who have made it through both rounds will be put into a hat, and the winners will be picked randomly. They will each get an Alpha pass, which gives them full access to the game’s brand-new metaverse universe and a chance to win 500 SAND tokens. They will each also get a prize.

The most recent season of The Sandbox Alpha has a lot of different ways to play. Alpha Season 3 has more than 90 different single-player and multiplayer games. This has been one of the longest and most exciting seasons ever. 

As part of its “Learn & Earn” campaign, WazirX was able to run a contest called “P2P” that did well. This is what is meant by “peer-to-peer.” The activity aimed to explain how peer-to-peer trading works to people who had never invested before. From June 21 to June 28, 2022, more than 8,000 crypto fans took part in the event and passed the quiz. The winners were given WRX tokens that were each worth $200.

At WazirX, people in India can trade cryptocurrencies with each other. It lets people buy, sell, and trade digital currencies like Bitcoin, Ether, Litecoin, and others. More than 12 million people have signed up to use WazirX, making it the most popular cryptocurrency exchange in India. The goal of WazirX is to let people from all over India trade cryptocurrencies.

In just one year, the amount of money invested in cryptocurrency in India went from $200 million to $40 billion, which is a growth of about 20,000%. Even though the Indian government hasn’t made any rules about buying or selling cryptocurrencies yet, this is still the case. Many people rode the wave, and because they did, they got better returns on their investments than anyone else.

Why is India’s market for cryptocurrencies so crazy?

Even though it’s unclear what the Indian government thinks of crypto assets, more and more people are investing in them there. Start-ups like WazirX are showing even more recent ideas, like Non-Fungible Tokens (NFTs).

What are the causes of this rise?

Several things, like the lower cost of the internet, the rising value of real estate, and higher taxes on metals like gold and silver, seem to have led to the shift toward investing in physical assets.

Also, when cryptocurrencies came along, people as young as 18 could start investing and building their portfolios, a level of flexibility that had never been seen before.