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Showing posts from June, 2022

What Are the Token Standards for NFT?

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  The well-known ERC-20 protocol is an earlier token standard in the Ethereum blockchain, and it is the protocol standard for fungible tokens. Up to now, most of the non-fungible tokens(NFT) are issued on the Ethereum blockchain, the mainstream standards are: ERC-721:  This is the earliest standard for NFT, each token required a separate smart contract ERC-1155:  It was pioneered by the team of Enjin Company and proposed a semi-fungible scheme for NFT. ERC-1155 allows for more efficient trades and bundling of transactions – thus saving costs. Such contracts can contain both fungible and non-fungible tokens. ERC-998:  It is also called composable non-fungible tokens standard. ERC-998 is an extension of the ERC-721. It is composable that allows people to combine a group of ERC-20 tokens or ERC-721 tokens or even both. For example, in a block game, ownership of a game character represents one NFT, while ownership of character equipment represents another NFT. ERC-998 allows users to combi

What is Bored Ape Yacht Club(BAYC) and How it Works?

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  The Bored Ape Yacht Club (BAYC for short) is a collection of 10,000 unique cartoon apes created using generative art, presented via an ERC-721 NFT on the   Ethereum   blockchain. The club was originally minted by the pseudonymous founders Gargamel, Gordon Goner, Emperor Tomato Ketchup and No Sass, and is owned by Yuga Labs. It is a pity that the Bored Ape was sold out quickly after it was cast, and users can only buy the Bored ape from  OpenSea , Rarible or other secondary markets. To buy Bored Ape, first make sure you have enough ETH in your wallet to pay for the NFT itself and gas fees. On March 18, 2022, purchasing a Bored Ape NFT requires paying at least 60 ETH with a compatible crypto wallet such as Metamask or Trust Wallet. Each Bored Ape  NFT  essentially has a unique digital identity that can be encrypted, tracked, traded, and secured . Bored Ape NFTs not only represent verifiable digital ownership, they can also be used as "Yacht Club" membership cards with exclusi

How to Add AVAX to Metamask?

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With the features of super fast speed( able to permanently confirm transactions in under 1 second) and flexibility(EVM-compatible), Avalanche attracts many developers and investors. For beginners, it is quite a big challenge to add AVAX to the Metamask wallet since you need to input a lot of data to set up. This guide will show you a one-click way to add AVAX to Metamask and you don't need to set up any data. Step 1:Install MetaMask You can click  here  to download it. If you are using Google Chrome, click install MetaMask for Chrome. Then you can see an extension on your Google Chrome. To know more about the usage of MetaMask, plesase check:  How to Use MetaMask: A Beginner's Guide .  (If you have installed MetaMask already, skip this process. ) Step 2: Enter "Chainlist" on CoinCarp.com Visit  CoinCarp , Click on "Tools"--" ChainList ", or just click  here  to enter directly. Find the "Avalanche C-Chain", click "Connect wallet"

How to Use Crypto.com DeFi Wallet?

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  About Crypto.com DeFi Wallet Crypto.com DeFi Wallet  is a user-custodied wallet where you are the custodian. This means you get full access and control of your crypto private keys. Unlike a centralized custodian on the Crypto.com App, you have complete ownership of your crypto when they are stored in the Crypto.com Wallet. You do not need a Crypto.com account to store, send and receive crypto in the Crypto.com Wallet. Crypto.com DeFi Wallet is designed to give you full control and secured custody of your crypto. We’re excited that you’ve chosen to embrace decentralization by using Crypto.com DeFi Wallet to help you store your digital assets safely and securely. How D o I Import or Recover My  E xisting Wallet to Crypto.com DeFi Wallet When you launch your Crypto.com DeFi Wallet for the first time, you will see 3 wallet creation methods, tap [ Import an existing wallet ] You will see an introduction screen, tap [ Restore with recovery phrase ] Enter your 12/18/24-word recovery phrase