The Blockchain Metaverse

A Metaverse is some alternate computer version of our Universe.  One of the earliest manifestations was Second Life which came on-line in 2002 and is still running.  More recent entries into the field such as Decentraland and The Sandbox offer the same sort of experience but within a Blockchain platform and using bespoke crypto currencies.  …

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Generative AI Art and NFTs

SecureWeb3 has already discussed the issue of copyright relating to the original source work behind NFTs.  A more subtle issue comes from the use of AI generated artwork to create and sell NFTs.  These AI engines are not completely random.  Their algorithms are trained on existing art styles and take user prompts to create ‘new’ …

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Men Thinking

Web3 Domain Names

We use domain names to access web pages although the actual location where these pages reside is a set of numbers; the IP address.  Most page hosts buy a domain name and the provider bundles in the IP address.  With some cunning maths they can run several different domain names off a single IP address …

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Stablecoins such as Tether are cryptocurrencies whose value is pegged to physical real world currencies.  Their value should fluctuate in the same way as their linked currency.  This should make a stablecoin relatively stable (the clue is in the name).  There is a lower risk to investing in stablecoin than a virtual currency such as …

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Bitcoin Wallet Image

Gas Fees

Gas Fees are transaction fees that crop up in many Blockchain events including minting NFTs.  The official explanation is that the people running all the computers storing and validating Blockchain data expect to be paid for their trouble.  This income will partly be used to fund the power used by the Blockchain servers and explains …

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