NFTs

On average, minting a new NFT takes about 130 kWh of electricity. That's about $27 worth of electricity here in NYC. Selling your NFT will use about 340 kWh of juice, which is about $71 per transaction, which is enough electricity to power your whole house for about two weeks or run your refrigerator for a year. Continue Reading →

Are you ready to bid on your first non-fungible token? Welcome to the world of crypto collectibles, where you can purchase a piece of unique, digital content that is guaranteed to be authentic and, theoretically, can't be duplicated. Continue Reading →

A smart contract is just like an old-fashioned verbal or paper contract except with a smart contract, the conditions can be met digitally. Smart contracts are not new, but they are newly relevant (and a bit overhyped) because they are an awesome, non-cryptocurrency use of blockchain technology. Continue Reading →

Blockchain is the underlying technology that powers bitcoin, altcoins (other cryptocurrencies), NFTs, smart contracts and DAOs. Distributed ledgers, the term of art for blockchain’s underlying technology, offer a way to transact business without relying on a central authority. Here’s a nontechnical, simplified description of the component parts. Continue Reading →