Leverage is a commonly used term in finance prevalent in the crypto trading world. What it refers to is the concept of borrowing capital for your initial investment so you can get better returns. 

It essentially defines the ratio between profit and risk for any investment. 

The prime purpose of leveraging is to enhance the chances of getting higher returns for an investment. However, with the higher options of profit comes higher risk. That’s why you must manage leverage efficiently to grow as a trader.  

Let’s learn about leverage and how it works in the crypto world.    

## What is leverage in trading? 

Leveraging is a way to increase your buying and selling power by borrowing capital from a broker or exchange. The broker provides you with the borrowed funds, and you have to return them with interest regardless of whether you make a profit.  

So, when you have increased trade power because of borrowed funds, you risk higher losses. Therefore, maintaining a balanced ratio between risk and profit is crucial for leveraging.  

In crypto, you can leverage by setting a certain margin or amount as collateral. It is also known as [margin trading](https://coinmarketcap.com/academy/article/what-is-margin-trading-and-how-does-it-work), where you can borrow funds and put higher collateral to increase your profit.

## How does leverage work in crypto? 

As we continue to ask what is leverage in trading cryptocurrency, we must understand how it works. 

Suppose you are doing leverage or[ margin trading in crypto](/news/article/how-does-crypto-trading-work) with a trade potential of around $1,000. In that case, the broker may offer leverages of 10x or 10:1. This means your initial trade value will reach $10,000 because of the borrowed amount. 

So, if you buy a coin with this investment and its price rises by 10%, you can make a profit of $1,000. If the coin's price goes down, you will have to bear a loss of $1,000. That's why leverage trading is a risky proposition in crypto, and you must proceed with due diligence to ensure that you do not have to bear any significant losses. 

## Benefits of leverage trading 

Here are some of the benefits of leveraging in crypto: 

- Allows you to make larger profits as compared to your original trading position. 
- You can avail yourself of more trading opportunities. 
- Small price movements may not affect your profit.  

Nevertheless, there is an amplified risk of losses. Moreover, if you fail to meet the margin call, you have to liquidate, and the broker, to cover your losses, can sell your assets. 

## Final thoughts 

Leveraging is an effective way to increase the percentage and chances of profits. You can borrow money from brokers and make more significant investments through this. 

But this technique also involves higher risk, so it is advisable to follow risk management strategies. 

What is leverage in cryptocurrency trading? 

The non-fungible token (NFT) market has progressed remarkably in recent years. The main reason behind its triumph has been digital art and artists. 

Due to the use of tech and new trends in the art industry, a novel way of expressing creativity emerged. It has allowed artists to express themselves freely and provided aesthetes new ways of admiring art pieces. 

But what exactly is digital art, and how is it being used as NFTs? Let’s discover how it shaped an entirely new market worth [$38.2 billion](https://www.globenewswire.com/en/news-release/2023/05/18/2671911/0/en/NFT-Market-size-to-Cross-USD-342-54-Billion-By-2032-With-an-27-60-CAGR-by-2032-Report-by-Market-Research-Future-MRFR.html#:~:text=As%20per%20the%20documents%2C%20the,a%20digital%20or%20physical%20asset.).  

## What is digital art? 

It is a form of artwork that you create or showcase using different digital tech. It is a broad category that includes a range of artworks like digital drawings, paintings and 2D/3D illustrations, animations, pictures, videos, and even virtual sculptures. 

The digital tech used for creating an artwork could be software or hardware. It may include tools like Adobe Photoshop, Procreate, or Illustrator. On the other hand, if you use tablets, phones, laptops, or computers to create an artistic piece, it will also be classified as digital artwork.  

It is a vast field that is being used in various domains like: 

- Advertising and graphic design. 
- Illustration and publishing. 
- Video games and animation. 
- Film and television. 
- Fine art. 
- Photography. 
- Web designing. 

## Origins of digital artwork 

The term's origin goes back to the early 1980s when the first paint program was invented. It was pioneered by the renowned artist Harold Cohen, the creator of AARON. This was a robot that could create drawings on large paper sheets. 

After that, in the 1990s, as technology evolved and allowed us to download images and videos on computers, it made way for photo manipulation. This was the building block for modern filming art. Moreover, it gave artists the creative freedom to experiment with visual and audio content. 

In the 2000s, creatives got even more options with the evolution of computers and mobile phones. Different types of devices allowed them to create artwork entirely virtually. 

Tools and software also evolved from basic Microsoft Paint programs to highly advanced tools like Adobe Photoshop. 

Later, techs like advanced AI models, AR, VR, blockchain, and others helped us make artworks more interactive and realistic. The art pieces we see around us today are mostly digitised because of these wonderful technologies.  

## Digital art and non-fungible tokens (NFTs) 

One of the technologies that has really helped digital art thrive is [blockchain](/news/article/what-is-blockchain). The idea of turning artwork into NFTs has empowered the artists. It allows them to ensure that the ownership of their one-of-a-kind work remains with them. It also helps artists financially by allowing them to sell or rent their work only when and if they want. 

Moreover, no one can use an artist’s work without permission if it is an NFT. The reason is that NFTs use blockchain tech, which gives the artwork a unique ID and keeps a record of its ownership. That’s why selling and renting artwork has become relatively easy with the use of blockchain.   

How to convert your digital art into NFTs 

If you are a creative digital artist looking to turn your art pieces into NFT for selling or showcasing, here's what you need to do. 

1. Firstly, select a digital artwork file you want to convert into an NFT. It could be an image, audio, or video. 
2. Then, research the blockchain on which you want to mint the NFT. There are numerous options like Ethereum, Solana, Bitcoin, or Polygon. Each one has different benefits, so choose one according to your requirements. 
3. Once you have selected a blockchain, [choose a crypto wallet](/news/article/best-crypto-wallets) to keep your NFTs and crypto.  
4. After that, [select an NFT marketplace](/news/article/nft-art-marketplaces) where you can sell your art. OpenSea, Rarible, and [Magic Eden](/news/article/magiceden-marketplace) are the top options, but you should go for one as per the blockchain you chose. 
5. Then, integrate your cryptocurrency wallet with the marketplace you selected. Ensure that it has crypto so you can pay the gas fee later.  
6. Once you have connected the wallet, you can upload your file to the marketplace and select Mint.  
7. After clicking Mint, the platform will charge a gas fee for the transaction. Confirm it, and your artwork will be minted as an NFT.  
8. Finally, you can put it on sale in the marketplace by setting an appropriate price.  

Follow this process and you can easily turn your digital artwork into NFTs. 

## Closing thoughts 

Digital art is any creative production that you make through the use of technology. In the last two decades, it has evolved tremendously because of the evolution of tech. 

However, NFT and blockchain technology have been a complete game-changer for artists and admirers. 

Due to the possibility of converting art pieces into NFTs, artists enjoy royalties and complete ownership. It also allows aesthetes to collect their favourite virtual artwork. 

Digital art and how to convert it into NFT

Ripple is one of the leading blockchain networks, introducing a unique crypto-based digital payment system. The network is powered by [Ripple crypto asset XRP](/coins/xrp), which provides various cryptocurrency solutions for businesses. 

Since its launch in 2012, XRP has been a leading cryptocurrency by market cap. But the coin has been a hot topic in the crypto news since 2020 because of the infamous [SEC vs. Ripple lawsuit](/news/article/sec-vs-ripple-news). Following the case's conclusion, the currency performed well in the market and gained investors’ attention.  

But one might wonder whether Ripple crypto is still a profitable investment in 2023. Let's find out. 

## What is the Ripple network? 

[Ripple network](https://ripple.com/) is a blockchain-based financial system for cross-border transactions. It introduces an entirely decentralised and permissionless ledger that allows seamless transactions. The blockchain is designed like the SWIFT international money transferring system backed by a secure ledger.  

The network offers numerous payment solutions, including [Cross-Border Payments](https://ripple.com/solutions/cross-border-payments/), [Crypto Liquidity](https://ripple.com/solutions/crypto-liquidity/), and [Central Bank Digital Currency](https://ripple.com/solutions/central-bank-digital-currency/). These valuable enterprise solutions can help businesses use digital assets to transfer money. Moreover, these solutions also allow them to leverage the Distributed Ledger Technology (DLT) to secure the transactions.  

## What is the Ripple crypto asset XRP? 

The network has a native crypto, which is known as XRP. All the transactions on the network are supported by XRPs. The coin can support transactions between fiat currencies as well as cryptocurrencies. That's why it also speeds up currency conversions. 

The blockchain mainly relies on XRP for settling transactions. It works as an intermediary settlement layer for transactions for both fiat and digital assets. It helps make the network faster, cost-effective, and scalable, with 1,500 transactions per second capacity. 

## Ripple crypto price outlook 

Aside from working as a settlement token, XRP also has real-world value. According to CoinMarketCap, one Ripple crypto is currently priced at [$0.4935](https://coinmarketcap.com/currencies/xrp/). The current value is below its 200-day Simple Moving Average (SMA), which was $0.51. 

XRP is likely to persist with the bearish sentiment in the coming days. However, there is a possibility of a bullish turnaround that may take its price to $0.55. For this reason, the support level of $0.42 is critical. If XRP floats above the support level and capitalises on buying pressure in the market, it may break above $0.5.  

On the other hand, bullish predictions from [CoinCodex](https://coincodex.com/crypto/ripple/price-prediction/) suggest that its price may increase by 38% in the coming week. You may expect a rise that could push its price to over $0.68. So, while the overall market sentiment is bearish, XRP can still pull back to its 200-day SMA. 

## The price surge after the SEC vs. Ripple lawsuit 

The courtroom battle between Ripple and the financial watchdog, the [US SEC](/news/article/us-sec-regulation), continued for almost three years. In July, Ripple got a partial victory as Judge Torres gave a verdict in favour of XRP not being a security and hence not falling under SEC laws. Following this ruling, the XRP price surged as high as 94 cents, impacting the overall market.  

However, now that the SEC has appealed for a review of the verdict, we are back to square one. It has again triggered a bearish rally due to uncertainty over the future of the XRP coin. 

It would be critical to see how the investors react to these developments. If they continue to buy and accumulate the token, its price may recover and surpass the previous all-time high. In case of an increased selling pressure, we may expect new lower highs and lower lows.        

## Can Ripple crypto reach $1? 

The XRP coin price has suffered a lot because of the SEC lawsuit, and there remains uncertainty regarding its future. It is a critical juncture for the token, which may determine the long-term trends and whether it will reach $1 or not. 

According to the forecast from [DigitalCoinPrice](https://digitalcoinprice.com/forecast/xrp) for 2023, this cryptocurrency is likely to average $0.98 and may touch the maximum of $1.10. Meanwhile, the minimum price of the token is expected to be $0.45, which is closer to the current price.  

Moreover, the anticipated price of XRP in 2024 and 2025 is $1.25 and $1.70, respectively. Therefore, its price can gradually increase and cross the $1 mark next year.  

## Is Ripple a good investment? 

Ripple was one of the earliest innovators in the crypto industry, introducing a global transaction system for businesses. That's why it has gained popularity among crypto investors. 

However, its performance has suffered because of the SEC case. But now, as the court has given the verdict that securities laws cannot be implemented on XRP, it is expected to rise. 

If the token holds above the support level of $0.42, its price will likely rise. Predictions also show that by the end of 2023, its price may cross the $1 landmark. 

This is the crucial time to see how it holds in the market and decide accordingly. 

Ripple Crypto coins on puddle of rippling water

What is Ripple crypto, and is it profitable in 2023? 

As a cryptocurrency trader, you may encounter new crypto exchanges every other day. Choosing the right platform is tricky, as you need to figure out its features, services, and security. But rest assured, as we are reviewing one of the leading names among crypto exchanges, Bitget.  

This marketplace is known for its copy trading and leverage trading services with minimal fees. Here is the Bitget review that may help you decide whether it meets your needs. 

## What is Bitget exchange? 

Bitget is a major cryptocurrency derivatives exchange that offers advanced buying and selling services. Sandra Lou co-founded it in 2018, and it is currently being operated in Singapore. However, it caters to crypto investors worldwide and has more than 20 million users. A prominent reason behind its large user base is that the platform is completely authorised in five countries, including the US, Canada, and Australia. 

This crypto space offers a dynamic platform that can cover all your buying and selling needs. Mainly, its services include spot, futures, and copy trading. Aside from that, you will get timely market insights and data that will help you make the right decisions.  

## Pros and cons of Bitget exchange 

Here are the prominent benefits and drawbacks of using this exchange. 

### Pros 

- Transaction fee of <0.10%. 
- Intuitive interface. 
- Free copy trading services. 
- More than 500 cryptocurrencies listed. 
- Regulated by several authorities. 
- Supports over 250 fiat currencies. 
- Market data and insights. 

### Cons 

- Direct crypto purchases are costly. 
- Inept customer support. 

## What are the fees for the exchange? 

The foremost thing investors look for before investing in a trading platform is its withdrawal and transaction fees. Fortunately, the network makes a fair choice in this regard. It offers affordable transaction fees that can be as low as 0.02%.  

For spot trading, both maker and taker have to pay 0.1%. On the other hand, for futures trading, the makers’ fee is 0.02%, and the takers’ fee is 0.06%. Furthermore, you can also use BGB tokens and promo links to get further discounts.  

Meanwhile, you can start your trading journey with Bitget for as low as $50. There is no extra fee for depositing any amount there, making it an affordable option for buying and selling cryptocurrencies. 

However, you may not get the best rates if you want to buy any cryptocurrency directly through the medium. It charges slightly higher than most [popular exchanges](/news/article/simple-cryptocurrency-trading) because of its swift procedure. 

## Is Bitget copy trading profitable? 

Bitget is one of the largest exchanges for crypto copy trading that offers a range of options in this domain. Other than spot and futures copy trading, it offers bot copy trading. 

It works on advanced artificial intelligence (AI) models that help to create accurate [trading strategies](/news/article/simple-cryptocurrency-trading). These models can learn from past trends and suggest entry or exit points accordingly.  

A [report by Bitget](https://www.bitget.com/support/articles/12560603795722) claims that 93% of its users of futures copy trading secure substantial profits. Similarly, 82% of spot copy trading users also attained profitability. The report further claims that the total gains through the copy trading services have reached 74m USDT in 2023. 

However, copy trading involves high risk. Therefore, it is important to proceed with due diligence and only invest according to your risk appetite. 

## Is it safe? 

A platform’s security is another critical aspect of gauging whether it is a viable option. Bitget, in this regard, is also well grounded. So far, it has secured licences in six countries, including Canada, the US, Australia, Lithuania, Poland, and Italy. It suggests that it is a safe exchange for your trading needs.  

It has acquired the Money Service Businesses (MSB) licence to operate as an exchange in Canada and the US. It is working with the Digital Currency Exchange (DCE) licence in Australia. Meanwhile, in 2023 it acquired Lithuania and Poland's virtual asset service provider (VASP) licence.  

## How to create an account on Bitget 

Here’s how you can create an account on this trading platform: 

1. First, click Sign Up on the top right of its site.  
2. Then, enter your email or phone number and create a strong password. 
3. You will receive a verification code to your phone or email. To verify your account, enter the code. 
4. Then, you need to verify your ID. For this, click the profile button and a dropdown menu will appear. Here, select ID Verification. 
5. It will give you two options: individual or institution verification. Select Individual and fill out all the details. 
6. Once that's done, click Next, and your ID will be verified.  

## Bottom line 

Bitget is a reputable cryptocurrency derivatives exchange known for its copy trading offerings. It is a safe and secure option for buying and selling more than 500 cryptocurrencies and 250+ fiat currency options. 

The exchange provides insightful market analysis and strategies with its bot copy trading. Plus, you get only minimal transaction rates, which makes it a viable trading platform. 

Bitget review: Is it a safe trading platform?

The famous billionaire Elon Musk is renowned in the crypto industry for his continued support for the DOGE coin. 

Many other memecoins based on the Shiba Inu dog theme have hit the market. Although yet to be profitable, they have shaped strong communities, which makes them popular. 

One of the most popular memecoins in the crypto market is Elon coin, also known as [Dogelon Mars](https://dogelonmars.com/). If you recently came across the Elon coin because of its hype, you might want to know what it is and why it is gaining popularity among crypto communities. To help you with that, here's everything you need to know about Dogelon Mars.  

## What is Elon coin (Dogelon Mars)? 

Dogelon Mars is a relatively new addition to the meme tokens genre that launched in 2021. Like most memecoins, including DOGE, SHIB, or [FLOKI](/news/article/what-is-floki-inu), the project is inspired by the [Shiba Inu ](/news/article/akita-inu-coin)theme. It also uses Elon Musk's influence on the crypto market to attract investors. 

The project is based on a comic story about the recolonisation of Mars. It revolves around the journey of baby Dogelon and his friends, who are fighting against the Annihilators of the galaxy. The entire story behind the project is available in the form of [NFT comics](/news/article/nft-comics-2142-ad) that you can also collect through [OpenSea](https://opensea.io/assets/ethereum/0xea9707d71ed5c3bd0af871711cb3b597ef1ab043/10003). 
The crypto itself does not have a particular role in the project. You can only buy it for investment or trading purposes. Surprisingly, even after two years of the coin’s launch, it has no whitepaper. So, no source clarifies the purpose or the mechanism of this crypto.  

## What is Elon coin worth? 

As of 20 September, 2023, one Elon token was changing hands at only $0.000000135, down by 0.58%. In the brief history of the token, it hit its highest price of $0.00003263 in July 2021. But since then, it has dropped by more than 99%. Meanwhile, the market cap for Dogelons is $73.75 million, and the past 24-hour volume is $2.2 million.  

As per [CoinMarketCap](https://coinmarketcap.com/currencies/dogelon/)’s data, the total supply of the Dogelons is one quadrillion, of which 549.65 trillion are in circulation.  

## Why has the Elon coin become so popular? 

Even though Elon’s value is not as impressive as one would like, it has become a famous meme token. Here are some of the main reasons behind it. 

### 1.   The token’s name is inspired by Elon Musk 

One of the prominent reasons investors hyped it is its name, which establishes its affiliation with Elon Musk. Although the project is not directly related to the billionaire entrepreneur, it leverages his influence on the crypto market. If you are familiar with the crypto market, you would know how Musk's single tweet can spur a price action. Therefore, the project creators have wisely chosen a name that boosts its popularity.  

### 2.           Shiba Inu-themed branding 

Another major part of the project's branding is the Shiba Inu. This theme is behind the popularity of most of the meme tokens as it refers to the dog/Cheems memes. It was first used for DOGE, which set a precedent for other meme tokens. 

This is why Dogelon Mars also used it to attract larger audiences. Moreover, the project has used this theme in a unique way, which is by introducing comic strips as NFTs. It has become one of the reasons behind the popularity of the coin.  

### 3.           Low priced coin 

The low price of a coin may not be a sign of a good investment for many. But for others, it's about affordability and fun. Many retail investors who are into buying memecoins consider Elon as an affordable option. They can easily buy Elons in large amounts, hoping their value may increase in the future. 

### 4.           A strong community 

Dogelon Mars has a strong community that believes in its potential. The project is present on platforms like [X](https://twitter.com/dogelonmars) (formerly Twitter) and [Telegram](https://t.me/dogelonmars). On X, it has more than 445.2K followers; on Telegram, there is a community of around 44,345 members. It suggests that people are keenly interested in the project and are confident about its growth. 

## Is Elon coin a good investment? 

Undoubtedly, the Dogelon Mars project has become a highly admired memecoin project. But still, there might be better options for your investments. 

This is for two reasons. Firstly, more information about the project's founders or its purpose is required to be sure about the project's developments. Secondly, the coins do not serve a particular role in the ecosystem, which suggests that their price is unlikely to grow. 

The total supply of the token is also huge, which further leaves questions about the coin's price in the future. For these reasons, avoiding any kind of investment in such projects is better. 

Elon Coin logo - Shiba Inu cartoon in a suit. 

What is Elon Coin, and why is it popular? 

New coins with unique usability always find their way into the innovative DeFi world. But, because of several underlying factors, only a few of them succeed in gaining traction in the market. This article explores the recently launched SignUpToken ([SIGN](https://signuptoken.com/)), which has introduced a new way of token presales. 

Launched in March 2023, the tenderfoot crypto has already made some waves in the market. It has made it to the headlines for its immense potential. But is this token legit and has the potential to be a market disruptor? Let's find out. 

## What is the SignUpToken? 

SIGN is the native token introduced by the newly launched SignUp Web3 project. The project claims to have a unique presales mechanism that involves email signups. The mechanism also helps the project in building a dynamic community. 

The project founders plan to launch the token on public exchanges once they reach one million subscriptions from verified emails. So, with every subscription, you may expect a rise in the token’s price.  

The project also claims to give investors a high ROI (return on investment) of around 72%. According to its whitepaper, the presale launch price of SIGN will be $0.01. 

Meanwhile, it predicts that when rolled out on the [Uniswap ](/news/article/uniswap-exchange-nft-aggregator)exchange, its price is likely to reach $0.72. That’s why it seems to be a lucrative investment for crypto investors.  

## SignUp crypto tokenomics 

Project founders have set the total supply of the SIGN coins to 1 billion. From this total supply, 60% is allocated for the presale phase. Another 20% is exclusively reserved for community incentives, while 15% will be used for exchange listings. The remaining 5% of the coins are allocated to the project's team. 

## Is SignUpToken legit? 

Although there are no specific indicators for the token to be considered a scam, there are several red flags that still linger around it. 

Firstly, the developers and the founders of the project are anonymous. So, there is no way investors can verify the expertise or experience of the team behind it. 

Aside from that, the website, whitepaper, and overall SIGN branding seem superficial. The website and whitepaper focus more on selling the token than providing details about its mechanism or features. The high claims of unrealistic ROI and making investors millionaires are a few of its instances.  

Furthermore, it provides a vague roadmap for the project. You might expect it to venture into NFT space, [GameFi](/news/article/gamefi-eco-system), or other Web3 areas. However, the main points on its roadmap are aggressive marketing, trending, and on-boarding influencers. It suggests that the team behind it only wants to attract novice investors without a proper strategy. 

Another thing that may leave you wary of its legitimacy is the sponsored articles, creating hype for SignUpToken. Several news agencies are making pushy headlines to boost SIGN's price and popularity. These types of articles reflect negatively on a coin that has not been launched on public exchanges yet. 

price and popularity. These types of articles reflect negatively on a coin that has not been launched on public exchanges yet. 

## SignUpToken price prediction 

As SignUpToken is in its presale stage, there is no verified data for its price. Similarly, there needs to be historical data that can help establish the price forecast for the coin. 

However, according to the official website, currently, 1 SIGN is worth 0.031 USDT (Tether). The website asserts that this price will reach $0.72 by the public launch. This data is not verified by any independent source. 

The mechanism behind the rising price of SignUpToken is that people cannot buy it at the same price. Therefore, every email subscription and buying of coins at this stage will slightly increase the coin's value. However, the practicality of this mechanism remains to be certified.   

## Is SignUpToken a good investment? 

SignUpToken has introduced a new presale strategy in the crypto market. But other than that, it seems the project has nothing else to offer. 

It is currently at its presale stage, with only 17,819,586 tokens sold. There is no certainty about the coin's price, as it has yet to be launched on any centralised public exchange. 

On top of that, several indicators make SIGN a dubious crypto. Its salesy branding and promises of huge returns raise eyebrows. Moreover, the marketing strategy of pushy sponsored articles also leaves some questions. That's why it is better to avoid investing in it until the team provides more clarity regarding its future plans. 

If you decide to explore SignUpToken, research its background carefully. Plus, consider your risk appetite before committing any investment. 

What is SignUpToken and is it Legit?

Every time you sit down to search for the NFT meaning, you get this mysterious term non-fungible token. The word token makes some sense, but what is non-fungible? 

NFT has been a buzzing word in the digital world for the past few years. But many of us still need to learn what exactly it is. If you are unfamiliar with the concept, don't worry, as this article is written just for you. 

I will demystify the NFT meaning by breaking it down into simpler terms. So, let's get you started. 

## NFT meaning explained 

Explaining the NFT meaning in simple terms, NFTs are one-of-a-kind digital art pieces with verifiable ownership. You may exchange these assets for fiat currency, crypto, or another NFT. However, they are not divisible like money.  

It is essential to grasp fungibility to fully understand the concept of NFTs. The term fungibility mainly refers to the idea of an asset sharing the same features and value as the US dollar or BTC. Fungible assets can easily be replaced with one another because of the same value. 

Compared to that, non-fungibility means that assets are irreplaceable and indivisible because of their distinct features. So, as NFTs are non-fungible, they have unique features and cannot share the same value with another one. Each NFT digital artwork presents distinctive characteristics not shared with other tokens. 

Let's try to understand it with an example. You can think of NFTs as your smartphones. Even if many other people own the same model of phone, yours remains unique because of its ID. Therefore, you can never swap your phone with anyone else's. The same is the case with NFTs. 

But the tricky part does not end here. While all NFTs are distinctive, there can still be authorised copies of one NFT.   

## How do NFTs work? 

Blockchain technology plays a central role in storing the non-fungible tokens. However, all these different types of digital art cannot be directly stored on a blockchain. 

That's why their distinctive addresses and metadata are stored on the blockchain. Blockchains have this immutable property, which makes them highly secure for record-keeping of trading history.  

Although Ethereum was considered the premier NFT blockchain, many contenders now exist. These include networks like Bitcoin, Solana, Polygon, and Cardano. 

Once a token is minted, it is allotted a unique ID associated with a blockchain address. Through this ID, the ownership of the token is recorded on the blockchain.  

## NFTs: A brief history 

Over the last decade, the NFT market's progress has been immense. 

In 2014, these assets started with the first 'Quantum" NFT on the Namecoin chain by Kevin Mckoy. Then, in 2015, Ethereum was launched, providing a complete platform for digital art tokens. For this, the token standards like ERC-721 and ERC-1155 were the key developments. 

The token standards made the way for several projects to enter the market. One of the earliest, among them, was Cryptokitties, which introduced virtual cat avatars. After that, many prominent projects followed, including the CryptoPunks, Bored Ape Yacht Club ([BAYC](/news/article/bored-ape-nft)), and others. Moreover, marketplaces like Nifty Gateway and OpenSea also took shape.  

In 2021, the market reached new heights as billions of dollars worth of NFTs were traded. This includes the famous Everydays: The First 500 Days by Beeple, which sold for $69.3 million. Another popular one was [The Merge by Pak](/news/article/the-merge-nft), which was sold for $91.8 million.  

The market has been relatively sluggish after the 2021 boom of digital art. Nevertheless, tons of NFT projects of PFP, anime, and other genres have continued to thrive. Although the hype for these tokens has dwindled, there is still potential for growth. 

## An overview of the NFT market 

As mentioned above, after rapid growth in 2021, the NFT market has stayed still. There are several factors behind it, but the obvious ones are the crypto market downturn of 2022 and the rising inflation. These two factors have indeed halted the growth.  

The market cap for the global digital art market is $3,887,640,448, up by 0.58%, according to [NFTFloorPrice](https://nftpricefloor.com/). Meanwhile, the current trading volume is $6,141,324, and in the past 24 hours, over 4,794 tokens have been sold. Moreover, CryptoPunks and BAYC remain the most dominant projects in the market.   

## Bottom line 

If you are still getting familiar with the crypto or Web3 space, you may find it hard to wrap your head around terms like non-fungible tokens. 

In this article, I have tried to simplify the NFT meaning for you. 

To sum up, NFTs are digital assets with verified ownership and distinctive features, which make them indivisible and irreplaceable. Since its inception, the NFT industry has continued progressing and given us innovative projects. 

Although the market has cooled off, data shows that large projects have continued to thrive. Therefore, the market is still showing potential for progress. 

Explaining the NFT meaning in simpler terms

## A comprehensive guide to NFT Drops Radar 

Whether you are an [NFT (non-fungible token)](/news/article/non-fungible-tokens) trader or collector, staying informed about upcoming releases is essential. It helps to find new projects and grab opportunities to collect profitable and rare tokens. This makes NFT calendars, like NFT Drops Radar, a critical tool in the digital collectables space. 

The article will explore the popular calendar option, [NFT Drops Radar](https://www.nftdropsradar.com/), explaining how this tool works and how beneficial it can be for NFT trading. 

### NFT drops explained 

To be an ace NFT trader, you must keep updated with new drops. But what is an NFT drop, and how does it work? 

An NFT drop is an event that marks the launch of a new collection of digital assets. It is a limited release of digital collectables that signifies their sale in the marketplaces for the first time. Through this, collectors can often claim these rare digital assets at a discounted price. This is why it is a much-hyped event among digital art collectors.  

The newly dropped collections are on numerous [popular marketplaces](/news/article/guide-to-best-nft-marketplaces) like OpenSea, Nifty Gateway, and Magic Eden. Through these platforms, you can buy digital assets directly or offer to buy them later. 

To get updates about the [upcoming NFT drops](/news/article/10-upcoming-nft-projects), follow a calendar like the NFT Drops Radar.  

### What is NFT Drops Radar? 

Drops Radar is one of the leading tools for trading NFTs that gives you updates about newly launched digital collectable projects. It is a tool that lets you find all the information and news related to upcoming digital art projects.  

The tool provides you with precise dates, timings, and other info regarding the release of new projects. You can get information about the asset's rarity, real-world uses, popularity, and potential as an investment with the help of this tool. 

Aside from discovering new projects, it can provide market insights, day-to-day trends, and all other factors that may affect [NFT prices](news/article/most-expensive-nft). Another benefit of using this tool is that it covers projects from varying blockchains so that you can get updates about new launches across different blockchains. Therefore, it can be highly effective in keeping you informed about investment opportunities in the NFT space.  

### How does NFT Drops Radar work? 

This non-fungible token tool is a simple yet effective trading tool that first curates a list of forthcoming projects in the market. It collects all the information from various resources like marketplaces, projects' official sites, social media platforms, blockchains, and others. 

As a result, you can get all the authenticated and verifiable information about each release. 

Furthermore, it runs the event countdowns with precise dates and times of the launch of a collection. You can also sort the projects according to your preferences with the help of its filter. Plus, users can use its analytical features to assess a project before and after the launch. 

### What does NFT Drops Radar offer to traders? 

Here are some of the features the digital collectables tool offers.  

#### 1.   Information about upcoming NFT drops 

The most apparent feature of Radar is that it can provide an upcoming NFT list. It is a tool through which you can discover new projects that show the potential for profits. You can get complete details about new projects to weigh the potential of each of these beforehand and buy within a limited period. 

#### 2.           A handy resource for research 

It can provide verified information about a collection, including the prices, the project's origin, the start and end of sales, popularity, floor price, and others. These details are important in making a more informed decision before investing in any collectable. 

#### 3.           Insights into market trends 

Another essential feature of this calendar is getting market insights. If you are starting out with digital asset trading, you may find it resourceful. It allows you to familiarise yourself with market trends and how an asset is valued in the collectables’ ecosystem.  

It helps you learn from past patterns so you can anticipate future trends accordingly. However, you should note that the market does not behave the same way as the historical data suggests. That’s why you should also keep track of current trends.  

#### 4.           Promotes new NFT projects 

If you are a digital artist trying to sell your art pieces as NFTs, you can use this tool to promote them. You can leverage the countdown feature of the calendar to create hype among the collectors' community. As a result, you will be able to attract more buyers and increase your fan engagement.  

### Closing thoughts 

If you are a non-fungible tokens trader, you might be familiar with how critical it is to catch up with new releases in the market. And since your success as a trader depends on it, opting for an efficient tool that helps you stay informed is advisable.   

To achieve this goal, one viable option for you is the NFT Drops Radar. It is a complete tool that works as a calendar and allows you to find new digital art collections. You can get updates for new projects and see all the market insights in one place. That’s why it is a reasonable tool that prepares you for new drops by giving timely information. 

NFT Drops Radar: A Comprehensive Guide

Recently, many NFT marketplaces have emerged that offer unique features for digital asset trading. A popular option is the [X2Y2 NFT marketplace](https://x2y2.io/). 

It is an emerging NFT trading platform that strives to create a fully decentralised ecosystem for the trade of digital collectables.  

In this article, we will take an in-depth look at the features X2Y2 presents and will explore whether it is a convenient option for buying and selling NFTs. 

## X2Y2 NFT marketplace: An overview 

X2Y2 marketplace is a decentralised NFT trading platform launched in January 2022. It aims to provide an alternative to large centralised platforms like Opensea, [Rarible](/news/article/rarible-nft-marketplace), and others. The platform lives on the Ethereum blockchain and is backed by its native ERC-20 token X2Y2.  

Here are some of the pros and cons of using the platform: 

### Pros 

- Offers a rarity tracker. 
- Enhanced decentralisation. 
- NFT loans with zero interest. 
- Shares complete revenue with stakers. 
- Provides trade notifications in real-time. 
- Convenient to purchase NFTs in bulk. 

### Cons 

- Only supports Ethereum-based NFTs. 

## What features does this marketplace offer? 

Here are some of the notable features that the NFT marketplace offers: 

### NFT trading 

X2Y2 is a fully decentralised platform, which makes it ideal for buying and selling digital collectables. Also, you can easily create and launch your own digital art collections on the platform. You can find all the famous [NFT projects](/news/article/10-upcoming-nft-projects) on this marketplace and trade them using its advanced analytical features.  

Moreover, it allows you to purchase and list NFTs in bulk. This feature can significantly reduce the gas fee as you can list or buy them in one go.  

### X2Y2 token 

The platform claims to have an enhanced decentralised system. It works on the Ethereum blockchain and is supported by the ERC-20 X2Y2 coin. The token provides a mechanism for managing the marketplace's DAO (decentralised automated organisation).  

Through the tokens, the entire revenue generated on the platform is shared among the stakers. This not only helps secure the network but also offers incentives to the users.  

The token also differentiates X2Y2 from other marketplaces. The reason is that anyone can acquire the token through public sale. Still, private investors have more authority over large marketplaces. As a result, users enjoy increased decentralisation on this trading platform.   

### Rewards 

Users can get numerous types of rewards on this marketplace. They mainly include token airdrops and incentives for staking. However, if you have acquired the tokens through an Initial Liquidity Offer (ILO), you will get annual rewards from the market fee. 

### Staking 

The NFT trading platform also has an X2Y2 staking program through which you can generate substantial profits. There are 1,000,000,000 tokens, from which 65% (650,000,000) are allocated for staking rewards. So, when you lock your tokens for a certain period on the platform, you can earn rewards. 

Here’s the breakdown of staking rewards emissions: 

![X2Y2 stats](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_09_18_at_15_48_18_f80fd427fa.png)

You can earn the market fee rewards for staking in wETH, which is transferred straight to your wallet.  

## Loans  

The marketplace also allows for the lending and borrowing of Ethereum. It facilitates ETH's peer-to-peer (P2P) lending by enabling users to use their non-fungible tokens as collateral. The[ X2Y2 loan](https://x2y2.io/loan) mechanism ensures that the loan security is locked until the borrower pays the loan. 

Suppose the borrower fails to pay off the loan. In that case, the lender can claim the ownership of collateral NFTs and the agreed interest. This feature provides another way for users to generate a yield on their crypto.       

## Royalties 

One of the reasons why it is an affordable option is its royalty fee policy. Royalties are the charges you must pay when buying an NFT, which goes to the creator. The fee tends to fluctuate depending on various factors and can affect the total price of a digital asset. Some of the platforms may charge royalties of around 10%. But X2Y2 is different. 

This marketplace allows the users to set an amount they can easily pay to the creators. It can minimise the total price of an NFT, eventually making the platform more affordable.

X2Y2 trading fees 

Among [Ethereum-based NFT marketplaces](/news/article/largest-nft-marketplace-2023), X2Y2 is one of the cheapest. Its trading fee is minimal compared to other prominent names such as Opensea, SuperRare, Raribilty, and others. It only charges 0.5% on the buying and selling of NFTs. Meanwhile, the royalty charges are also adjustable, which allows you to maximise your profits.   

## Final verdict 

The X2Y2 NFT marketplace is an innovative platform offering a diverse range of NFTs. Its user-friendly interface, curated collections, and transparent processes create an appealing space for artists and collectors alike. 

It also offers various rewards and minimal transaction fees, making it an affordable option for NFT trading. 

A comprehensive review of X2Y2 NFT Marketplace 

On 23 November, 2022, the news of the demise of Tiantian Kullander broke the internet. He was one of the leading entrepreneurial figures in the crypto world, and the news of his sudden death at the age of only 30 shocked many. Since then, people have become curious to know more about him and his net worth. 

In this article, we will explore assessments of Tiantian Kullander net worth at the time of passing, who exactly he was, and the details about his mysterious death. 

## Tiantian Kullander - Co-founder of the Amber Group 

Swedish-Chinese investor Tiantian Z. Kullander is known by TT in the business world. He had a keen interest in the DeFi industry, and because of that, he co-founded Amber Group in 2017 and Rook Labs in 2020. 

[Amber Group](https://www.ambergroup.io/) is a widely known crypto unicorn firm based in Hong Kong. The firm offers crypto trading services to its clients worldwide. TT showed outstanding commitment and put in all the hard work to bring the firm to unicorn status. He is known for introducing electronic market-making and consumer products and infrastructure that has enhanced the services of Amber Group for its institutional clients.  

Rook Labs is a unique marketplace on the Ethereum blockchain that works with [MEV design](https://www.coindesk.com/learn/what-is-mev-aka-maximal-extractable-value/). Moreover, he also founded a firm known as KeeperDAO, which introduced liquidity underwriting services for on-chain assets for the first time. Apart from that, Kullander also served as the board member of[ Fnatic,](https://fnatic.com/) an esports community. 

However, before TT started his entrepreneurial journey with his digital assets firms, he had been associated with various renowned financial firms. These include big names like Goldman Sachs, Morgan Stanley, and others. All of these professional achievements placed him in the [Forbes 2019 30 under 30](https://www.forbes.com/under30/list/2019/asia/finance-vc/#46e7f8d04baa) list. 

## Tiantian Kullander net worth estimate 

Tiantian Kullander net worth estimates from various sources suggest that it was between $100 to $150 million, approximately. Largely, TT's earnings came through his DeFi startups and [crypto investments](/news/article/crypto-invest-strategy). Sources further claim that the entrepreneur owned multiple luxurious properties, lavish cars, and motorbikes.  

However, the Amber Group was valued at around $3 billion at the time of his passing. Some [reports](https://nypost.com/2022/11/27/crypto-founder-tiantian-kullander-unexpectedly-dead-at-30/) indicate that TT was expected to raise over $100 million for his DeFi unicorn earlier in November. But sadly, Kullander died on 23 November before further developments.  

## What was the cause of Tiantian Kullander’s death? 

Tiantian’s death has been a mystery. According to reports, the young crypto entrepreneur died during his sleep, shocking his admirers. The Amber Group announced the news via its official website, confirming that TT died in his sleep. 

The firm's statement said, "He put his heart and soul into the company in every stage of its growth. He led by example with intellect, generosity, humility, diligence, and creativity." 

The statement further read that TT's creativity and knowledge have inspired many people and projects in the crypto space. It expressed the sorrow by saying, "We lost a great partner and a true friend in TT." 

However, the mysterious nature of TT’s death at such a young age has raised many questions. But no authority has found anything regarding the cause of the death of TianTian Kullander. Therefore, the demise of a famous 30 under 30 crypto investor, TT, will likely remain a mystery. 

## Final thoughts 

The death of the famous investor, TT, remains a puzzle for the business and crypto community. The entrepreneur was only 30 when he was declared dead during his sleep. 

Estimates put Tiantian Kullander net worth at between $100 and $150 million. Meanwhile, one of his startups was valued at around $3 billion. The influential crypto figure achieved tremendous feats in his short life span. 

TT was associated with financial giants like Goldman Sachs and Morgan Stanely as a trader. Later, he started to explore the DeFi industry with his startups like Amber Group and Rook Labs Inc. His outstanding achievements in his professional life have also earned him a place in Forbes 30 under 30 list. Sadly, he left the world unexpectedly at the age of only 30. 

What was Kullander's net worth? 

MagicEden is known as a top-tier NFT marketplace for Solana NFTs. But, recently, it has also [started to support](/news/article/magic-eden-expands) Ethereum and Polygon NFTs and now offers a wide range of popular digital art collections. 

The marketplace also provides minimal transaction fees, which makes it a preferred platform for NFT trading. 

Here, we’ll delve into how to use [MagicEden](https://magiceden.io/) to buy and sell NFTs. 

## Buying NFTs on the platform 

1. Here’s the step-by-step procedure for buying an NFT from this diverse marketplace. 
2. Find the NFT project you want to buy from through the collections section or the search bar.   
3. After analysing the floor price, trading volume, and other important metrics, select the collectable to buy.
4. Once you have selected a collectable, integrate a compatible wallet with the marketplace. You can find the Connect Wallet button on the top right of the screen.  
5. Find your preferred wallet from a wide range of options. 
6. Open the NFT you've picked to buy to see all its details and attributes, along with two options. You can either purchase it instantly by clicking on Buy Now or make a different price offer for the collectable. 
7. If you’re comfortable with the price, you can proceed with the Buy Now option, and it will ask you to approve the transaction.   
8. Check the amount that will be deducted and the digital asset that will be added to your wallet, and click on Approve.  

That’s how easily you can buy NFT on MagicEden. Check it by clicking on the wallet option on the top right side.   

## Selling NFTs on MagicEden 

Selling an NFT is a bit trickier than buying one. Here’s how to do it.

1. Connect your wallet containing the NFTs you want to sell on MagicEden.  
2. Once done, click on the Sell option right next to the wallet. 
3. It’ll lead to your profile, where you can find all your digital assets. Select the one you want to sell. 
4. The sell page will appear with all the details, including the previous price, mint and token address, owner, transaction, and royalty fees.  
5. After analysing all the factors, set an appropriate price for the NFT and proceed with List Now.  
6. Now approve the transaction, and your collectable will be listed for sale. You can review the received offers for it from your profile.  

Buying and selling NFTs on MagicEden is a breeze. All you need is a compatible wallet and some trading knowledge, and you'll be good to go. 


How to buy and sell NFTs on MagicEden marketplace 

The famous American basketball player LaMelo LaFrance Ball recently launched his new collection of shoes as redeemable non-fungible tokens (NFTs). 

Athletes from different sports have adopted digital assets in various ways. For instance, some have introduced fan tokens, and some have launched digital assets. And sneaker NFTs are quite popular when it comes to sports-related digital assets. 

Essentially, LaMelo shoes is a project by the player in collaboration with the renowned sports gear brand Puma and the wearable NFT collection [Gutter Cat Gang](https://guttercatgang.com/).  

This article explores these redeemable NFTs and explains how and when you can redeem them for physical LaMelo shoes. 

## LaMelo shoes - A collaboration 

LaMelo Ball is a celebrated basketball player representing the Charlotte Hornets in the NBA (National Basketball Association). He was picked in the 2020 NBA draft and signed a deal for around $100 million with Puma, aged 19. This deal included launching the MB series of wearables, including his kicks. 

The first collection, 'MB.01', was rolled out in 2021. It introduced various unique designs like the LaMelo Rick and Morty shoes. The second edition was rolled out in 2022, named 'MB.02 Fade'. It featured blue, two-shaded trainers that became a fan favourite. 

Both these editions depicted LaMelo Ball as a brand by featuring his 'wings and 1' logo and taglines like "Not from here", "Rare", and others.  

The NBA star and Puma have now launched the third edition of LaMelo shoes. This edition's unique feature is that they collaborated with the GCG NFT project to create redeemable NFTs for these kicks. Anyone can mint the NFTs and redeem them to get real trainers.  

The new edition is named “[GutterMelo MB.03](https://guttermelo.com/)", showing that it is a collaborative project. The sneaker design is vibrant, with two primary colours: blue and orange. You can also find the wing logo and Gutter Cat graphics on the shoe. 

Plus, it shows all the taglines for the MB brand, like "Rare", which is written on the bottom of the shoe in a funky font. The design is also comfortable as it comes with NITRO foam cushioning, which makes it perfect for basketball courts. 

## GutterMelo MB.03 opened mint on 29 June 

The GutterMelo collection was released on one of the [largest NFT marketplaces](/news/article/largest-nft-marketplace-2023), Opensea. It went live on 29 June, allowing fans to mint the NFTs. It includes 20 NFTs representing different sneaker sizes up to American size 15.  

According to the GutterMelo site, many buyers booked their mint immediately after the launch, and the site became over-allocated. Therefore, only the early buyers were able to mint the tokens.  

Initially, the LaMelo shoe price was set at $175 for early buyers. Wait-list buyers had to pay $195 for a GutterMelo NFT. The price for the public sale of these NFTs was $215. 

At the moment, the floor price of GutterMelo NFTs is 0.069 ETH. 

## LaMelo Shoes NFT redemption closes 

The ones who have minted the NFTs could redeem them for real shoes. The project opened the redemption period on 18 July, 2023, and was due to close on 20 August. During this period, you could claim your physical sneakers by going to the GutterMelo site and redeeming the NFT there.   

## How to redeem a GutterMelo MB.03 NFT 

Here's the step-by-step process owners followed to redeem MB.03 sneakers: 

![Guttermelo mb shoe website screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_09_14_at_11_33_23_d2397ed114.png)

1. Visit the GutterMelo site within the redemption period.  
2. Find the Connect Wallet option on the top-right of the screen. Click to integrate cryptocurrency wallets like Metamask, Trust, or Coinbase into the website. 
3. Ensure that the [wallet](/news/article/best-ethereum-wallet) has some amount of Ethereum to pay for the gas fee. Usually, the amount required for gas is between $5 and $35. 
4. Click the redeem button to burn a token to get a new LaMelo shoes NFT and physical shoes. 
5. Provide your shipping address while redeeming the NFT. 
6. The shipment procedure for the physical shoes will begin this month, and the receiver may have to pay the shipping charges. 

By following this procedure before the closure of the redemption period, owners could get the 'Rare' GutterMelo sneakers. 

## Final thoughts 

LaMelo Ball has launched his third edition of sneakers with Puma and GCG. 

The unique thing about this edition is that they are NFT-based sneakers. When you purchased them, you got limited edition shoes and also had them as digital collectables. 

What are LaMelo Shoes NFTs by Puma and Gutter Cat? 

One of the popular titles in action role-playing games (RPGs) is Diablo 2: Resurrected. The game offers a type of tradable in-game item called runes that provide numerous bonuses to the players. One of the runes in the Diablo 2 world is the ETH Rune which allows players to enhance the power of their weaponry.  

This article will explore the ETH Rune item in D2R in detail. So, let’s delve in to learn what it is, its unique properties, and how you can find it.  

## What is an ETH Rune in Diablo 2: Resurrected? 

It is a popular item from low-tier runes in D2R that you can use in your armours and other weapons. It can boost your weapons' strength by generating Mana and increasing the target defence. This type of rune can be socketed in your body armour, headgear, and shields to provide 15% Mana and -25% target defence. The level requirement for the item is 15, so you can use it after reaching level 15.  

However, it is not a rare item in the game, and you can find it from various sources like in chests, from monsters, and as quest rewards. But the good thing about the ETHs is that you can use them in a range of Horadric Cube recipes.  

For instance, three ETH Runes can be transmuted into an LTH Rune that can provide you with increased attack speed and enhance your skills. You can also get other high-tier runes like crafted hit power shields, caster shields, blood boots, and others.  

## Unique features of ETH Rune 

Every tradeable item in the D2R game has its own unique characteristics. Likewise, ETH also has two major and unique bonuses that it offers. Firstly, when you install an ETH in your armour, shield, or headgear, you can regenerate Mana by 15% per second.  

Secondly, it can also help you lessen your target's defence by more than 25%. It does that by making your weapons more powerful than the target's defence. For these characteristics, it is quite a helpful item among low-tier ones. 

## Which Runewords are made from ETH Rune? 

These runes are not only used in Horadric Cube recipes, but can also create runewords. In D2R, a runeword is a unique mix of runes that allows you to produce various powerful items. Each runeword has specific properties and can provide you with different strengths. Here are 12 Runewords that you can create with ETH. 

1. Stealth. 
2. Malice. 
3. Grief. 
4. Fury. 
5. Zephyr. 
6. Memory. 
7. Rhyme. 
8. Breath of the Dying. 
9. Holy Thunder. 
10. Splendour. 
11. Bramble. 
12. Obedience. 

## How can you obtain ETH Rune? 

There are several ways to acquire this item. One of the most common ways of achieving it is by killing different monsters. Each monster in D2R has varying chances of yielding ETHs, depending on the setting in which you encounter them. For instance, if you kill the Countess in Act 1, Tower Cellar, with Hell difficulty at level 5, there is a 1:6 chance of getting it. However, if you kill the same Countess with the same settings at a normal difficulty level, the chance rises to 1:3.  

In addition, you can also obtain it by converting your three Nef Runes into an ETH. Meanwhile, another way is to complete different game quests and earn rewards that could include ETHs.  

However, the easiest way to acquire it is through an in-game trading platform. D2R has a [trading](/news/article/axie-marketplace-platform) platform called [D2Trader](https://d2trader.net/), from which you can directly buy it. It features a price checker and an intuitive interface that enables you to trade D2R items. 

## What runes make an ETH Rune? 

If you cannot find the ETH through quests or from monsters, you can also acquire them by producing them on your own. 

For this, you need to follow a simple Horadric Cube recipe. It requires you to collect at least three Nef Runes and fuse them to create an ETH. Nefs are from the mid-tier, and you can find these items in the nightmare or above difficulty. Combining three of these runes can give you the powers of an ETH.  

## Final thoughts 

Diablo 2: Resurrected is a popular RPG that uses tradeable in-game items. Although these items do not have real-world value, they provide numerous benefits in the game. 

A standard item in D2R is the ETH Rune which gives you different strengths. You can use these to boost your Mana and decrease the target's defence. 

There are several ways to acquire this item. You can get it by defeating monsters, completing quests, fusing 3 Nefs, or buying it from the D2Trader. 

What is ETH Rune and how do you obtain it? 

Cybercriminals use various ways to hide their [misdeeds](/news/article/cryptocurrency-crime-rise), such as masking their transaction history and [laundering money](/news/article/crypto-aml) through cryptocurrencies. Fortunately, investigators are now well-equipped with fraud detection tools and software, including the Bitcoin extractor. 

This article explores what BTC extractors are and how they work to extract addresses from numerous data sources. 

## What is a Bitcoin extractor? 

It is a tool designed to obtain BTC addresses from a string of text or code. Addresses can be extracted from numerous sources, such as text documents, websites, emails, chat logs, and images. The primary function of a BTC address extractor is to locate strings of characters that match the structure of a Bitcoin address.  

Moreover, these scripting tools can work for deducing both public and private keys. These tools can scan any data source and gather crypto addresses from them. After that, they present the output in a CSV file to easily be used to track transactions or recover stolen assets. 

## How does a Bitcoin extractor work? 

These extractors rely on different types of machine-learning algorithms that are trained to detect crypto addresses. Generally, the first stage in gathering BTC addresses is pattern recognition. They get familiar with the alphanumeric structure of a BTC address and look for patterns in them.  

Secondly, the tools thoroughly scan sources to find strings that fit the recognised pattern. The scanning then reveals potential BTC addresses, but there can be some false positives, too.  

Some tools may also run multiple verification checks to ensure that the outcome they provide is a genuine Bitcoin address. The verification process may include performing cryptographic calculations. 

Finally, the extractor compiles the list of all the addresses found in the source data in a CSV file. It also includes the file path where the address was found, along with a globally unique identifier (GUID). Users can then use this list for various purposes, such as verifying transactions, conducting audits, or managing user accounts. 

## What is Nuix Bitcoin Extractor? 

It is a [Bitcoin extractor](https://github.com/Nuix/Bitcoin-Extractor) designed by the UK South West Regional Cyber Crime Unit (SWRCCU). It is one of the most trusted tools for obtaining BTC addresses and public and private keys (xPubs/xPrvs). 

Nuix is a powerful software that relies on the data indexed by Nuix Workstation and can locate help in fraud investigations. 

It is a Ruby script developed for scanning plain texts. However, it can work with varying datasets from cloud storage, smartphones, laptops, or other devices. For pattern recognition, it uses a regular expression method that helps find the hidden addresses in the source data. 

After that, Nuix uses a Python script to validate the output. It can also gather further details like transaction history, wallet balance, and throughput value. Then, it sorts out all the findings and presents them in a CSV format.  

## Why do we need a BTC extractor? 

A BTC key extractor can be used for a wide range of purposes. Here are a few of them: 

1. It can be used for fraud detection as it can detect an address involved in fraud.  
2. Forensics can use it to find an address from retrieved data that may be helpful in asset recovery. 
3. Investigators can use it to track the flow of Bitcoins between different wallets to prevent illegal activities.   
4. You can track your own transactions, which can help manage personal finances.  

## Final thoughts 

A Bitcoin address extractor is a valuable tool that enhances the efficiency of handling Bitcoin addresses. 

Recognising and validating addresses from various sources empowers you to verify transactions, prevent fraud, and ensure accuracy. You can also manage your finances through these tools by keeping track of transactions. 

What is a Bitcoin extractor and how does it work? 

Aptos and Sui are two emerging layer 1 (L1) blockchains with promising efficiency and scalability. However, both differ in terms of their mechanism and architecture. In the Aptos vs. Sui battle, how do you pick the ideal L1 for your blockchain project? 

This article explores the features and potential to determine which holds the upper hand as the ideal L1 blockchain solution. 

## Consensus mechanism 

Although both use different versions of the Proof of Stake (PoS) consensus mechanism, they are still distinct. The first relies on the PoS based on the Byzantine Fault Tolerance (BFT) to enhance security and high-speed transactions. 

In contrast, Sui uses a Delegated PoS (DPoS) mechanism that increases decentralisation and efficiency. Also, it depends on the Narwhal and Bullshark protocol through which it can process transactions in parallel.  

## Privacy and security 

The [Aptos](https://aptoslabs.com/) vs. [Sui](https://sui.io/) comparison shows that both blockchains have similar approaches. Both L1 blockchains rely on the secure smart contract language, Move, for their basic model. The use of this language in both Sui and Aptos makes them safe and transparent. 

Although Move ensures privacy and security, formal third-party audits are still essential. Both Aptos and Sui have ensured it by undergoing audits from different external platforms. 

Aptos has been audited by renowned security firms like Halborn, Certik, OtterSec, and MoveBit. Similarly, Sui is regularly audited by firms like Halborn and Zellic.  

## Scalability 

In terms of scalability, both perform well, but their approaches differ. 

Aptos has a standard modular design, which is easy to customise, giving the network flexibility. Besides, it works with the parallel execution of transaction techniques to maximise the network capacity. It helps in improving the network’s speed and provides scalability.  

On the other hand, Sui has a directed acyclic graph ([DAG](https://en.wikipedia.org/wiki/Directed_acyclic_graph)) design with multiple layers. It relies on sharding techniques to improve its TPS (transactions per second). The blockchain’s structure can split different processes like data storage, consensus, and computation, which inflates overall scalability and efficiency.

## Tokenomics 

At the launch of the Aptos mainnet, 1 billion [APT tokens](/news/article/aptos-crypto-2023-investment) were introduced. Around 82% of this total supply is reserved for PoS contributions. However, Aptos Labs provides the initial token distribution breakdown as follows:  

![Black and white comparison table](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_08_30_at_11_29_21_e6eaa10ac5.png)

In comparison, Sui has provided a clearer overview of its economy via its [whitepaper](https://github.com/MystenLabs/sui/blob/main/doc/paper/tokenomics.pdf?ref=blog.sui.io). The total supply of its native tokens is 10 billion, distributed in five parts. The largest part (50%) is reserved for the community, and the other four elements are divided among early contributors, investors, Mysten Labs treasury, and community access program and app testers. 

![Sui Token Distribution by Sui](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_08_30_at_11_30_15_16008a4d88.png)

## Aptos vs. Sui: Final verdict 

The comparison shows that both L1s offer solid infrastructures for deploying smart contracts. They provide architectures that are scalable, efficient, and secure. 

However, both projects are nascent and have yet to impact the industry. So, it will be crucial to see how the two compete with the L1 giants like [Ethereum](/coins/eth), Solana, and others. 



Aptos vs. Sui: Which is the ideal L1 blockchain? 

Blackberry Inu (BKBY) is a newly launched [meme coin](/news/article/meme-coins) in crypto. Like [DOGE](/coins/doge) and SHIB, these coins also aim to introduce a community-driven platform through which all members can earn rewards. The project is deployed on Ethereum and offers around 100 million tokens. 

This article will explore the new meme coin project and uncover its potential. So, let's find out!  

## What is Blackberry Inu? 

BKBY plans to build an ecosystem like other meme coins with an incentive-based system. It allows you to hold tokens and earn rewards based on the duration you hold them. The [Shiba Inu token](/news/article/shiba-inu-crypto) will also play a vital role in its rewarding program.  

The project is focused on developing a completely decentralised platform that puts the community at the centre. It is also dedicated to mitigating the risk of data leaks in most centralised platforms. Apart from that, the token will likely have several real-world uses, so users can purchase goods and services with it.  

## Blackberry Inu price and tokenomics 

It is still a very new project and has yet to be listed on any major exchanges. Although it gained some traction recently, its price has[ still been volatile](https://www.livecoinwatch.com/price/BlackberryInu-BKBY). 

The tokenomics of BKBY is designed to encourage holders to stake their tokens and play a role in the community. The total supply of these tokens is 100 million, of which 50% will be burned at the launch. Meanwhile, the transaction fee on the platform is 8%. Half the fee is distributed among token holders, while the other half is added to the liquidity pool. Overall, the BKBY tokenomics is designed to boost community participation. 

## Is BKBY coin a good investment? 

It is a recently developed project not listed on any trusted exchanges. Besides, the project's official website isn’t active, and there is no other source to verify the information. 

In addition, there is a lack of clarity regarding its tokenomics and rewarding system as to how it will use the Shiba Inu tokens. Therefore, the future of BKBY seems uncertain right now, so carry out proper research before investing any amount. 

Exploring the Blackberry Inu ecosystem

This article discusses the GateEx scam, which reportedly used different domains to run faux crypto exchanges. It explores how accurate the allegations are against GateEx and how you can protect your funds. 

Since its inception, the crypto market has been plagued by scammers using varying tactics to deceive investors and lure them into investing big in their projects. These include tactics like [pump and dump,](/news/article/how-to-spot-a-pump-and-dump) [rug pulling](/news/article/rug-pull-what-is-it), and artificial inflation to trick the investors. 

## What is the GateEx scam? 

GateEx is a crypto exchange that claims to offer users a secure platform to buy and sell crypto assets. Some sources report that it provides more than 400 cryptocurrency options, and you can trade them with a trading fee of 2%. 

However, it faces serious allegations of running a fraudulent scheme where investors have lost their funds. 

Multiple websites operate in the name of GateEx exchange. Some of the domains related to the exchange that you may come across are:  

Gateexpro.com. 
- Gateexin.com. 
- Gateexpro.xyz. 
- Gateex-o.com. 
- Gateex-i.com. 

Most of these websites are not accessible right now, and you may likely find other domains for the exchange. 

These websites propagate deceitful content that promises high returns for depositing crypto in the exchange. As soon as users create an account and deposit funds, they lose it all as it does not give any withdrawal option. 

## How does the GateEx scam work? 

The scammers behind the project pose as a [crypto trading exchange.](/news/article/best-crypto-exchange-uk-reddit) They entice the investors to deposit their digital assets into the firm to receive high returns through trades. However, all the assets that users deposit in the exchange go directly into the pockets of [scammers](https://www.scamwatcher.com/scam/view/580273?__cf_chl_tk=EKfOW0mfsWE4HKsAgGx9bwt8qD.NlAVMzWq1fAc9bZY-1692116864-0-gaNycGzNHXs). 

So, anyone who trusts the platform for trading crypto may lose all their assets.   

When you create an account on GateEx, and place some crypto in it to start trading, you will first see live trades with incredible profits. But when you try to withdraw assets, the platform will not allow it, and you lose your funds permanently. 

Reportedly, it is built so that depositing crypto shares your private keys with the platform. That's why they get access to your funds and can manage them easily.  

## GateEx scam: Questions on the platform's legitimacy 

Here are some of the questions that arise regarding the legitimacy: 

### Multiple inactive domains 

One of the most concerning things about the platform is that it operates with numerous domain names. All of these domains use similar deceitful tactics to lure investors. Plus, many of these domains are inactive, and new ones keep appearing to replace them. It suggests that the scammers shut down the website once they illicitly get funds from investors and continue creating new ones to lure more investors. 

### No withdrawal 

Another thing that makes the platform’s credibility dubious is that you cannot withdraw your crypto from it. Once you deposit the amount in a GateEx account, it gives scammers direct access to your funds, and they can transfer it to any other wallet without a trace. Therefore, the platform does not allow you to withdraw funds from your account. 

### Personal data breach 

Users who have been victims of this scam reported that they lost their assets and faced data breaches. The exchange requires your personal information for setting up the account. It includes details like your email, phone number, social security number, financial info, residential address, and others. Scammers can also manoeuvre the information and compromise your privacy. 

### No verifiable credentials 

Yet another thing that makes it dubious is that there is no source from where you can verify the platform’s claims. The number of cryptocurrencies, trading fees, and other features it offers are unclear. That’s why using the platform for [crypto trading](/news/article/simple-cryptocurrency-trading) could be highly risky.   

## GateEx scam: What to do to recover your funds? 

Here’s what you should do if you become a victim of the GateEx exchange scam.  

1. Firstly, you should immediately disengage yourself from any trading activity on the platform. 
2. Secondly, you need to collect as much information as possible about GateEx. 
3. Then look for the relevant authorities in your country who can assist you with financial fraud. You can report to the [ActionFraud](https://www.actionfraud.police.uk/) website if you are a UK citizen. 
4. If the authorities catch the scammers behind it, you may get a percentage of your funds back. However, there is no guarantee. 
5. Lastly, take all the precautionary measures, like checking your bank’s insurance policy and protecting all other financial accounts.

## Closing thoughts 

GateEx exchange is one ill-reputed trading platform in the crypto market that has scammed many investors. 

The platform claims to run a crypto exchange with more than 400 coin options and promises unrealistic investment gains. However, there is no resource to support these claims, and you will mostly find GateEx scam reports on the internet.  

The fraudulent actors behind the exchange use a range of domains to attract investors. After they collect the funds from investors, the website disappears, and they start selling the same services through another domain. 

What you need to know about the GateEx scam 

The United Arab Emirates (UAE) has become a global hub where innovation and prosperity collide. Due to this, the country has a dynamic financial ecosystem where crypto investors can also thrive. If you're looking to invest in crypto and searching for the best crypto exchange UAE option, this article might help. 

Here, you can find the top seven cryptocurrency exchanges in UAE based on their trading features and ease of use. So, let's delve in! 

## Which is the best crypto exchange UAE option? 

Here are the seven best crypto exchanges in the UAE. 

### Binance 

The most popular crypto exchange UAE option is[ Binance](https://www.binance.com/en). It's the largest cryptocurrency exchange in the world in terms of its trading volume, markets, and liquidity. The platform offers more than 350 digital coins and supports various fiat currencies, including AED. Furthermore, this option is secure for UAE investors as it is licenced by Dubai’s Virtual Assets Regulatory Authority (VARA).  

The best thing about the Binance exchange is that the trading fee on the platform is minimal. The transaction fee on the platform could be as low as 0.10%. Besides, you can[ earn rewards ](/news/article/binance-staking)based on a certain percentage if you have idle cryptocurrencies.  

### Coinbase 

[Coinbase](https://www.coinbase.com/) is among the [leading crypto exchanges ](/news/article/best-exchanges-for-crypto-uk)renowned for its security and user-friendly interface. The exchange has a global footprint as it is licenced by various regulators, including the FCA and FDIC. It can also serve Emirati users as it seeks approval from Dubai’s Virtual Assets Regulatory Authority (VARA) and Abu Dhabi Global Market (ADGM).  

Coinbase introduces a wide range of virtual assets and fiat currencies you can easily buy. The trading fee on the platform varies between 0.05% and 0.6%. Plus, it has a cryptocurrency staking option, allowing you to gain crypto profits. 

### eToro 

Another crypto exchange UAE option on the list is [eToro](https://www.etoro.com/). It's a platform that presents diverse investment options, including digital assets. You can buy and sell more than 75 coins, including all the popular ones like BTC, ETH, and XRP. The platform is famous for offering a beginner-friendly procedure for buying and trading cryptocurrency.  

The [eToro broke](/news/article/best-exchanges-for-crypto-uk)r is an economical platform that charges only 1% as a transaction fee. Its users are also well-protected as it follows several investor protection measures. Also, eToro has a social trading service that allows novice traders to gain experience by following the trades of other traders.  

#### CoinMENA 

[CoinMENA](https://www.coinmena.com/) is yet another option for the best crypto exchange in the UAE. The platform is specifically designed for digital asset investors in MENA (the Middle East and North Africa), hence the name "CoinMENA.” It is based in Bahrain and is authorised by the Central Bank of Bahrain. It is one of the most trusted exchanges in the region that has also secured a licence from VARA.  

Moreover, the CoinMENA exchange is Shariah-compliant, so Muslim investors may find it the ideal forum for buying and selling cryptocurrency. It also has an amount-based fee structure. This means if you are trading more volume of crypto, you will have to pay less.  

### BitOasis 

[BitOasis](https://bitoasis.net/en/home) crypto exchange in UAE is also a viable option for trading cryptocurrencies. The platform is based in Dubai and caters to investors across the Middle East. It currently deals in more than 60 virtual assets you can purchase with AED and other fiat currencies. It has a seamless procedure for opening an account and registering on the platform. 

BitOasis acquired the Operational MVP Licence in March 2022, but VARA revoked it in July 2023. Currently, it is working out the terms to renew the authorisation from VARA. The platform is hopeful to meet the requested conditions from Dubai's financial regulator.   

### Crypto.com 

[Crypto.com ](https://crypto.com/)is also a well-known cryptocurrency exchange globally, and Emirati investors may acquire its services. The platform was established in 2016 in Hong Kong and later shifted its operations to Singapore. It is currently catering to clients in more than 90 countries. What makes Crypto.com a unique option is its ecosystem of related services that include crypto interests, Visa cards, Crypto.com Pay, and an [NFT marketplace](/news/article/crypto-com-nft). 

The exchange charges around 2.99% for debit and credit card transactions. Meanwhile, for other trades through the exchange, you will have to pay a fee of around 0.40%. Aside from that, it gives you more than 250 options of virtual currencies, and you can begin trading for as low as $20. 

### OKX 

OKX can be another trusted and secured crypto exchange UAE option. More than 300 coins are listed, with all the basic trading options like spot, futures, swap, margin, and others. It is one of the cheapest exchanges that allow you to trade cryptocurrencies at the lowest fee of 0.08%. 

Moreover, the [OKX]https://www.okx.com/) exchange also comes with an NFT marketplace. It also has an OKX wallet where you can securely keep your coins. You can also join the OKX Earn program to generate passive income from your coins.  

## Final thoughts 

The UAE's crypto landscape offers a diverse array of exchanges catering to every trader's needs. From user-friendly interfaces to top-notch security features, these top seven picks stand as prime choices for confidently navigating the world of cryptocurrencies. Embrace the digital revolution and embark on your crypto journey with the best exchange for your trading goals. 

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Author: Wasay Ali

Author: Wasay Ali's Articles