What’s really going on in Crypto 2021?

NFTs, BSC, Layer 2 solutions, multi-chain projects… buy more ETH?

Since my previous post, the NFT art scene has seen massive growth and interest, which was widely anticipated across crypto-Twitter. You can learn a lot there. You can get shilled a lot there too.

Also, the price of ETH, BNB and the likes of CAKE etc. have exploded along with it, with the growing realisation of the potential for NFTs, and the growing realisation of the ease of using the Binance Smart Chain, BSC. I’ll mention the latter again shortly. But with NFTs, we’re only seeing the beginning wave, as people are still wrapping their minds around their use-case, details and potential.

What potential? In a nutshell: everything is an NFT! You are an NFT! Value is everywhere, and it’s waiting to be registered on a properly decentralised, global, universal ledger like Ethereum.

[Note: Binance itself has just announced plans to launch its own NFT marketplace in June. Expect this to be multi-chain.]

Storage of Digital/Physical item

Just be careful where the actual file(s) are stored: Does the platform hosting the artwork (etc.) run an IPFS node? Owners should make sure they take a copy of what they own. Where will you store it? Somewhere safe. Perhaps on a permanent…