The Blockchain environment together with Smart Contracts are making flash loans relatively easy to set up and run. A flash loan is not illegal. A loan is taken out and repaid within a very short time. This can be enabled within a Smart Contract with funds being transferred in and out of the borrower’s wallet […]
The Web 3 Cryptocurrency or Decentralised Finance (DeFi) distributed environment was reported as losing over $2,500,000,000 in the year up to September 2022 by CertiK. The majority of attacks that could be categorised were exit scams. 98 documented incidents and losses of $56,000,000. The exit scam is where a cryptocurrency launches or plans to launch
The virtual worlds of computer gaming are a burgeoning market for the Blockchain. The game system is monetised through the sale of in-game items, which may in turn provide enhanced gameplay and player advantages. Within the game system it can take many hours of repetitive gameplay to earn these rewards. Gamers are looking for a
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Long ago almost every breakfast cereal came with a free toy. The choice of which brand to buy was as much a case of which tasted best as to which toy was the most desirable. It is arguable if it was the toy or the cereal that made the sale. The concept has also been
Discord is a chat server, running as an app or through its own web interface. It grew in popularity as a virtual meeting place for computer gamers but has become a hub to exchange information on NFTs and other cryptocurrency commodities. Confusingly the various subject groups within Discord are called servers. A legitimate user might
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At the time of writing (October 2022) CoinMarketCap lists over 2,800 collections of related NFT art. The total assets contained within most collections are in the thousands and the best sellers having 30% or more items linked with owners (in other words, sold). Collections offer a good way to move large units of NFTs and
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