Tokenization is becoming a star-spangled technology by offering an innovative and versatile solution to data security and digital finance. This article provides an overview of sprint tokenization, explaining how this cutting-edge technology has transformed how organizations manage and secure digital transactions.   

## What is tokenization? 

[Tokenization](https://www.gartner.com/en/information-technology/glossary/tokenization#:~:text=Tokenization%20refers%20to%20a%20process,requires%20strong%20protections%20around%20it.) refers to scrambling sensitive data such as personal information or credit card numbers and replacing them with unique, nondescript symbols called tokens. 

The tokens will retain the sensitive original data but won't compromise security. Should cyber criminals manage to create a data breach, they can't use the tokens to access a user's sensitive data as they don't have any intrinsic value. 

Tokenization diminishes the risk of data theft, making the technology a secure way to safeguard digital transactions.     

## Sprint tokenization overview  

First coined in the early 2000s, the term sprint tokenization became famous in 2010 when more organizations, especially credit card processors, started using the technology to secure the confidentiality and privacy of online transactions. 

The technology uses a specific tokenization method that employs a fast, lightweight process to generate tokens during a transaction. 

The procedure enhances security while reducing the impact on the system's performance and user experience. For example, when it's used for online shopping, the system keeps your credit card information on your account, so you don't have to enter the account details every time you use it. 

Besides facilitating a quicker transaction, this tokenization process eliminates the possibility of anyone stealing your credit card information. 

The primary features of sprint tokenization include the following:     

Speed: It uses a simplified procedure to create tokens fast to ensure the tokenization doesn't slow down transaction processing times. This becomes especially advantageous for high-volume transactions like mobile payments and e-commerce.   

Scalability: Sprint tokenization is intended to handle large-scale transactions. It is ideal for enterprises with massive data sets or complex transactions as it can quickly adapt to changing business needs occasioned by growth.   

Flexibility: The process supports different types of data, including personally identifiable information, payment card information, and other sensitive data, meaning businesses can use it for various transactions. 

## Potential applications of tokenization 

Sprint [tokenization](/news/article/tokenization-importance-explained) can modernize different modern enterprises by offering military-grade security measures, especially in payment processing. 

Merchants who apply the technology can safeguard credit and debit card data, minimizing the risk of data breaches or fraud from online transactions. The system could also apply in the healthcare industry, where sensitive patient data like insurance information and medical records are supposed to comply with data protection rules to protect patient privacy.    

E-commerce retailers could also implement sprint tokenization at checkouts to protect customer information, boosting client confidence. 

As mobile payments become the order of the day, the process will play a significant role in securing mobile wallets, providing an added layer of security and the user's convenience. 

With such a wide array of potential use cases, sprint tokenization has a future in any industry where data security and privacy are essential for both business and customer.    

## Benefits of the cutting-edge technology 

There are numerous benefits associated with this cutting-edge business solution, including the following: 

Heightened security: By replacing sensitive payment details with a token, the technology makes it impossible for fraudsters to intercept and abuse data. The procedure facilitates fast and seamless transactions since the tokens are generated in real-time.    

Streamlined compliance: Businesses using this kind of tokenization can easily comply with government security standards that require complying with the protection of payment data standards.  

Value-added customer experience: By providing a secure and convenient payment experience, this technology promotes consumer loyalty and satisfaction. 

## Tokenization vs. encryption 

Both tokenization and encryption are integral methods of securing sensitive data. While they both protect stored data or when it's in transit, they have differences regarding the flexibility of their implementation and the degree of security they provide. 

Note that the encryption process is reversible between the two, especially if you know its computation, as you can return to its original code structure. 

Moreover, encryption is more expensive than tokenization, as encryption consists of grounded information when a card is used. However, this modern tokenization procedure offers more robust protection when a card isn't present. 

If your organization is in the business of safeguarding important data or sensitive customer details, experts recommend combining the best features of encryption and tokenization. 



What is sprint tokenization and why does it matter? 

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 

Finding a secure and user-friendly wallet is crucial for managing digital assets. One solution that has gained significant attention is Fantom Wallet. 

In this article, we will delve into the features, functionality, and pros and cons of Fantom Wallet, offering a comprehensive overview for crypto enthusiasts and investors. 

## Understanding Fantom Wallet 

Fantom Wallet is a cutting-edge [digital wallet](https://store.fantomwallet.com/) designed to securely store and manage cryptocurrencies, with a particular focus on the Fantom (FTM) ecosystem. It provides users with a streamlined and intuitive interface, allowing them to conveniently access, send, and receive FTM and other compatible tokens. 

## How does it work? 

This wallet leverages the power of blockchain technology to ensure the security and integrity of users' digital assets. 

It operates as a [non-custodial wallet](/news/article/is-a-non-custodial-wallet-for-me), meaning that users have complete control over their funds without relying on a centralised authority. This decentralised approach enhances security and eliminates the risks associated with third-party custody. 

With the Fantom option, users can generate and manage multiple cryptocurrency addresses within a single interface. Each address is secured by a unique private key, which is stored securely on the user's device. The wallet also supports hardware wallet integration, allowing for an added layer of protection through devices such as [Ledger](https://www.ledger.com/) or [Trezor. ](https://trezor.io/)

Transacting with this wallet is straightforward. Users can send and receive [FTM tokens ](/news/article/ftm-price-and-predictions)by simply inputting the recipient's address and desired amount. The wallet also supports the storage and management of other compatible tokens, expanding its functionality and versatility. 

## Pros and cons of Fantom Wallet 

Like any digital wallet, this option has its own set of advantages and limitations. Let's explore the pros and cons to help you make an informed decision: 

### Pros 

Security: This wallet prioritises security by enabling users to maintain control over their private keys. The wallet's non-custodial nature ensures that users are the sole custodians of their funds, minimising the risk of unauthorised access or theft. 

User-Friendly Interface: It boasts a sleek and user-friendly interface, making it accessible even for beginners. Its intuitive design and straightforward navigation enhance the overall user experience. 

Compatibility and Integration: The wallet supports a wide range of tokens, ensuring compatibility with various projects within the Fantom ecosystem. Additionally, it offers hardware wallet integration, allowing users to leverage the enhanced security features provided by these devices. 

Transaction Speed: Fantom is known for its high-speed transactions, and Fantom Wallet capitalises on this feature. Users can enjoy swift and seamless transactions, enhancing efficiency and usability. 

### Cons 

Limited Token Support: While this wallet supports a decent selection of tokens, it may not cater to the needs of users with a diverse portfolio. This limitation may require users to seek alternative wallets for managing specific tokens not currently supported. 

Relatively New Platform: This option is relatively new compared to some established wallet providers. Although it has gained traction and positive feedback within the Fantom community, some users may prefer to rely on more established wallets with a longer track record. 

## Additional features and the future 

In addition to its core functionalities, Fantom Wallet offers several noteworthy features that enhance its appeal to crypto users. 

One such feature is the ability to stake FTM tokens directly from the wallet interface. Staking allows users to earn rewards for playing a role in the network's consensus mechanism, contributing to its security and stability. 

Furthermore, this wallet provides a seamless bridge to interact with decentralised applications (DApps) built on the Fantom network. Users can conveniently access and engage with a wide array of DApps, ranging from decentralised exchanges to lending platforms, all within the wallet interface. 

Looking ahead, Fantom has exciting plans for future development of the wallet. The team behind it is actively working on integrating additional blockchain networks, expanding its compatibility beyond the Fantom ecosystem. This expansion will provide users with even more options for managing their diverse crypto portfolios. 

Moreover, the development team aims to continuously improve the wallet's user experience and security measures. They are dedicated to addressing user feedback and implementing new features that further enhance the overall functionality and convenience of this wallet. 

## Conclusion 

In conclusion, Fantom Wallet offers a secure and user-friendly solution for managing cryptocurrencies within the Fantom ecosystem. 

Its emphasis on user control and the integration of hardware wallets contribute to its overall security and convenience. While it may have some limitations in terms of token support and being a relatively new platform, it presents a compelling option for those seeking an efficient wallet solution for their Fantom and compatible tokens. 

Discovering Fantom Wallet: An efficient solution for secure crypto storage 

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. 

Best crypto exchange in the UAE: The top 7 picks 

Forget everything you've always imagined about blockchain technology and its practice being something akin to rocket science. Besides learning to create a blockchain system from scratch, you can understand its nuts and bolts. 

This article unravels the mystery so you can fall in love with the art of encoding blockchain software.    

## Creating a custom blockchain 

If you already understand the power of [blockchain](/news/article/what-is-blockchain), you most likely believe building one is really hard; nothing could be further from the truth. 

You can create a blockchain as long as you collaborate with a good blockchain provider. Developing a blockchain requires learning to write your own source code, which requires plenty of time and vast technical knowledge. While beginning from the genesis block development to creating the blockchain network can be a titanic undertaking, we will show you a simpler process.   

## Why create a blockchain? 

If you already appreciate the power of distributed ledger technology, you know that creating your own blockchain is the key to ultimate flexibility. 

This creation allows you to choose your preferred consensus algorithm, control database, scalability, and balance of security and your programming language. Moreover, you'll be free to update as and when you want to. 

You want to create a blockchain fast so you can spend time on things that matter: stakeholder management, user interfaces, and perfecting the preferred use case for your application. The conventional way requires the expertise of a blockchain engineer, especially if you want to begin from ground zero, which can be overwhelming. 

However, considering using a blockchain as a service platform, you don't have to start from scratch. Following are eight simple steps to create a blockchain: 

### 1.   Identify a problem you want to address 

Creating a blockchain application begins with defining a problem you intend to solve. While many misconceptions surround the industry, there's every chance you have identified a problem you might solve using a blockchain application. 

Take the time to carefully perform a cost-benefit analysis and see whether investing your time and resources in the project is worthwhile. Once you identify a tangible issue, and consider the risks and positives involved positives, it's time to move to the next step.    

### 2.   Select an appropriate consensus mechanism 

As decentralized systems, blockchains require all the network’s members to authenticate transactions in a consensus process. Different consensus mechanisms have varying pros and cons based on individual needs. From the proof of work used by Bitcoin, there are others like proof of stake, federated, Byzantine fault tolerant, proof of elapsed time, delegated proof of stake, and Round Robin. Ensure the method you choose ties in with your particular use case.    

### 3.   Choose a suitable blockchain platform 

Choosing a blockchain platform is easier to build your decentralized application without creating a new blockchain from ground zero. Since most platforms are open-source, your choice will depend on the problem you wish to address and your preferred consensus mechanism. 

Among the leading platforms you can choose from include Ethereum, Hyperledger Fabric, BigChainDB, and Quorum. Audit the pros and cons of each blockchain before you make a decision.   

### 4.   Design the architecture 

There are three blockchain solution models: in-house, the cloud, and hybrid. Choose between hardware and software configurations like operating systems, processors, and disk size. Great care must be taken when designing the architecture based on your application and choosing from different types of blockchain solutions, permissioned or permissionless, private or public, and hybrid.   

### 5.   Configure the application 

Plan carefully how to configure your blockchain application because you can't make any alterations after that. The primary components you will integrate include access issuance and re-issuance mechanism, user permissions, consensus, parameters, atomic exchanges, key management and structure, signatures, and address formats. You may want to outsource this step if you're a complete newbie.   

### 6.   Building the APIs 

While getting a prebuilt Application Programming Interface (API) is possible, you could create your specific one for your unique use case. The most common purposes for creating an API include performing audit-related functions, addresses and key pair generation, data storage and retrieval, or triggering and managing smart contracts for payments, issuance, escrow, exchange, or retirement. 

### 7.   Design the admin and user interface 

The last step involves creating a user interface and admin console for your blockchain application. It would help if you now decided on your application's servers, front-end programming language, and external database. 

Include the correct analytics into the system since this is the console you will use to manage the app's soft launch. 

### 8.   Scale the POC and identify issues 

It would be best to use the minimum viable product (MVP) model to scale your application when your blockchain is still in its infancy. You want to ensure you have developed a workable application to prove your hypothesis before launching a high-end user interface. 

This is the stage where you identify performance issues, crashes, latency, and memory or storage glitches. Address any problems you encounter at this stage so you can save the resources you could have used to scale a meaningless application. If you're in doubt, you could consult an expert to help you scale your proof of concept (POC).     

## Conclusion 

Yes, it’s possible to create a blockchain by following these eight simple steps. While it may sound too simplistic considering the potential of the distributed ledger technology that supports Fintech uses cases cryptocurrencies, NFTs,[ DeFi](/news/article/what-is-a-defi-token), and many others, you’re now ready to launch your blockchain for free. 

Eight easy steps to create a blockchain like a pro 

It may still be in its infancy, but the[ Metaverse](/news/article/metaverse-vr-project-guide) is emerging as the new frontier for any industry, including clothing, interested in connecting with its customers in new ways. A recent [McKinsey study](https://www.mckinsey.com/~/media/mckinsey/business%20functions/marketing%20and%20sales/our%20insights/value%20creation%20in%20the%20metaverse/Value-creation-in-the-metaverse.pdf) indicated that 59% of consumers were excited about exploring the transition of everyday activities to the Metaverse. 

Brands in the fashion industry have joined others in exploring technological boundaries to offer consumers a virtual shopping experience where they immerse themselves in never-seen-before shopping experiences.  

## The emerging virtual retail experience 

As the younger generations adopt Augmented Reality (AR) and its offer of utilities and use cases beyond work, play, and entertainment, fashion brands are responding with Metaverse clothing. The emerging Metaverse offers a platform for brands to connect with customers through personalized shopping experiences or hosted virtual events. 

High-end retailers are using the virtual world as a chance to display limited-edition fashion products users can't find in the physical world besides transporting viewers into the designers' world. 

## Target demographic for Metaverse clothing 

In integrating metaverse clothing, the fashion industry targets a generation that thrives on time spent online, using avatars in virtual worlds where they can express themselves fully. 

Studies have shown that members of Generation Z, aka Gen Z, spend an average of [eight hours online](https://99firms.com/blog/generation-z-statistics/#gref) daily, twice as much as socializing in real life. Personal expression, the ability to freely express thoughts and opinions, is essential to Gen Z, and fashion is one of the ways they express themselves. Since this desire carries over into digital life, fashion brands are establishing their presence in the Metaverse, where users can use a virtual product to self-express in a virtual world using a virtual persona.   

## Users' experience of Metaverse fashion 

Modern mid to high-end smartphones have an optical feature featuring high-definition optics integrating 3D scanning, allowing them to reproduce pictures as avatars digitally. 

While the feature is still under development and can't yet allow an overlap between real and virtual bodies, it can identify issues like tightness and show how a garnet fits when it's worn. 

3D virtual clothing technology enables users to overlap dresses they buy digitally over their pictures. You can buy a Ralph Lauren dress for $10 – a mind-blowing price compared to the actual real-world prices of Ralph Laurens. Moreover, Metaverse clothing can be grander than reality since people wear more than clothes in the Metaverse; they wear their imagination.  

Having realized the massive potential of the leverage between Metaverse and fashion, various industry giants have already made the intelligent move, where they're testing, exploring, and harnessing the potential impact of Metaverse fashion. Among the brands already leveraging the Metaverse opportunities are Burberry, Gucci, [Louis Vuitton](/news/article/louis-vuitton-nft-review), Balenciaga, Ralph Lauren, Dolce & Gabbana, and Zara. 

## How Metaverse clothing is transforming fashion 

Integrating Metaverse and fashion is revolutionizing how we experience fashion by introducing new ways brands showcase products, engage with customers and generate revenue. The following are three new ways Metaverse clothing is impacting the fashion industry:  

### 1.   Virtual fashion shows 

Brands now use virtual fashion shows to create 3D immersive experiences to engage with their customers. The Metaverse-based shows are more inclusive as they allow virtual customers from anywhere worldwide to experience the events in real time. The brands incur lower costs hosting high-end fashion events since they no longer have to hire out expensive venues, while attendees don't have to incur travel and accommodation expenses.  

### 2.   NFTs in fashion 

Non-fungible tokens (NFTs) are digital collectibles that have become a new revenue stream for leading fashion brands. By introducing NFTs in fashion, developers have introduced authentic and unique digital creations users can own, trade, and sell like physical collectibles. 

The creation of limited-edition NFTs tied to physical fashion items enables customers to relate with their favorite brands. Designers and brands are thus shifting the way admirers experience fashion. In some instances, they make millions of dollars selling some of these digital assets.  

### 3.   Virtual dressing rooms 

Virtual dressing rooms are the future of Metaverse clothing as they enable potential customers to fit new clothes in an immersive virtual environment, thereby introducing a 3D interactive shopping experience. 

Virtual dressing rooms promote metaverse e-commerce by reducing the risk of any returns since the potential buyer will see precisely how clothing fits before purchasing. Moreover, virtual dressing rooms are more sustainable than brick-and-mortar dressing rooms by reducing the waste associated with the fashion industry. The Metaverse enables users to test[ NFT](/news/article/are-nfts-dead-investigation) wearables using their avatars, engaging them via an immersive and gamified experience.   

## The future of fashion 

The merge between Metaverse and fashion is already having a massive impact on the fashion industry as Metaverse clothing skyrockets the fashion world into new levels of reality that eliminate the bands of physical limitations. Integrating augmented reality and artificial intelligence has produced endless potential for fashion brands that want to leverage the virtual world. 

The emerging technology facilitates 360-degree views of virtual avatar models walking on [3D virtual fashion runways](https://fashionunited.com/news/fashion/the-future-is-here-the-3d-virtual-fashion-show/2020060433845) to showcase their seasonal collections through online showrooms. The Metaverse clothing journey began, and there's a bright future ahead. However, the technology must become accessible to everyone, or it will remain a distant dream within the fashion industry. 

How Metaverse clothing is revolutionizing fashion 

In the rapidly evolving world of cryptocurrencies, non-fungible tokens ([NFTs](https://www.thebalancemoney.com/non-fungible-tokens-nfts-5184054)) have emerged as a groundbreaking innovation. One of the most popular platforms for trading NFTs is OpenSea, often misspelled as "OpenC" by some digital asset users. 

NFTs are unique digital assets that represent ownership of specific items or artworks on the blockchain. In this article, we take a look at the exciting realm of NFTs and explore the opportunities that the platform offers to creators, collectors, and enthusiasts. 

## What is OpenC? 

[OpenC, correctly referred to as OpenSea,](https://opensea.io/) is a peer-to-peer marketplace that facilitates the buying, selling, and trading of NFTs. The platform lets creators turn their [digital art](/news/article/best-crypto-wallets), music, videos, virtual real estate, and other collectibles into digital tokens. These tokens can then be traded in a decentralized and transparent manner. 

## How does OpenC work? 

It uses the[ Ethereum](/news/tag/ethereum) blockchain to store and track NFTs. This means it does not have control over your NFTs, and you are responsible for their security. 

Users must create an account and connect a [crypto wallet](/news/article/best-crypto-wallets). They can then create an NFT by uploading a file, like an image, video, or audio, and set a price for it. The NFT is stored on Ethereum with a unique identifier. 

After listing it for sale on the OpenSea, or OpenC, [marketplace](/news/article/nft-art-marketplaces), other users can browse and find NFTs they want to buy. Interested buyers can make offers or bids on the digital collectibles. If the seller accepts a bid, the buyer must pay the NFT's price and a fee. Once the payment is received, the NFT is transferred to the buyer's NFT wallet. 

OpenSea charges a fee of 2.5% on all transactions.     

It is important to understand the risks involved in buying and selling NFTs and to take steps to be protected from them. 

OpenC or OpenSea? Exploring the world of NFTs 

Here, we introduce the [Bitcoin Edge Wallet](https://edge.app/), which may be the ideal wallet for safekeeping your crypto. 

Cybercrime is a burgeoning issue in the crypto market that has swept more than $600 million worth of digital assets from the market. As a result, investors are on the constant lookout for a secure option for keeping their crypto. However, due to the multitude of options available in the market, picking the right one could be tricky.  

Introducing Edge. 

## What is Bitcoin Edge? 

Edge wallet is a digital wallet that you can use for storing all your cryptocurrencies. It is an app-based platform that keeps your assets safe and gives you a seamless interface to manage them. It allows you to safely trade your assets while keeping control with you. 

The wallet lets you buy and sell more than 130 coins on its app. Meanwhile, you can secure access to the wallet by setting up a biometric or a PIN login. You can also easily switch devices because of its auto-sync feature. 

## Create an account on Bitcoin Edge in 6 steps 

Here's how you can create an account on the app: 

1. Visit the app store, find the app, and download it. 
2. It will show a 'get started' option; select it to go to the page to set up a username and password. 
3. Type in the username and enter a password by following its guidelines for using certain characters.  
4. Add a unique four-digit PIN for your account to add a protective layer for accessing it. 
5. After that, it will show you your account details. It is crucial to note and keep it safe, as you may lose access to your account without it.  
6. Once done, review the wallet's terms and conditions and proceed with 'Confirm & Finish'. 

Finally, your Edge account will be ready to use. You can view the dashboard and two wallets on it. Initially, it gives two options: My Ether and My Bitcoin. But you can add other wallets per your preference.  

## How to buy Bitcoin with Edge Wallet 

To purchase Bitcoin with Edge Wallet, go to 'Buy' at the bottom of the screen. 

![Edge app screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Edge_app_screenshot_5723449ce1.png)

Multiple payment options will appear on the screen when you select it, including bank transfer, credit or debit card, Apple Pay, and others. You can choose any of them as per your preferences. 

Once you select a payment method, the app will guide you through the purchasing process. Follow the directives and pay the amount to buy the BTC. After that, the payment will be accepted, and the app will transfer the BTC to your account.  

Buying crypto through these payment methods is one of the most convenient options, allowing you to buy directly from the app. However, you have to pay an extra fee to enjoy this convenience.  

There are several other options to buy crypto aside from Bitcoin Edge. A common among them are centralised exchanges like[ Coinbase](/news/article/coinbase-review-uk), Binance, or [Kraken](/news/article/kraken-review). You can also purchase BTC from decentralised exchanges like Uniswap, [PancakeSwap](/news/article/what-is-pancakeswap), or [Trader Joe](/news/article/trader-joe-xyz-launches-amm). Regarding the transaction fee, cryptocurrency exchanges are the cheapest among all other options for buying crypto.  

Apart from using a [cryptocurrency exchange](/news/article/what-is-a-cryptocurrency-exchange), you can also opt for peer-to-peer (P2P) transfers. It lets you buy or sell crypto directly from another trusted person. This type of trade is facilitated by various payment gateways like PayPal, ACH transfer, Venmo, and others.  

## Final thoughts 

Bitcoin Edge is a powerful mobile wallet for securely managing and trading more than 100 cryptocurrencies on one intuitive platform. The app's intuitive interface is easy to get acquainted with and make trades whenever you like. 

Furthermore, the app can easily auto-sync with any of your devices so that you can manage your assets seamlessly. It also maintains a high level of security by letting you add a PIN or biometric for every wallet on the app. 

In this article, we covered how to create an account on Edge and use it to buy Bitcoins. You can confidently set up and navigate the wallet by following these simple steps. 

Bitcoins falling out of edge wallet on a desk

What is the Bitcoin Edge Wallet and how do you use it? 

Are you an institutional digital asset investor struggling to store a large amount of cryptocurrency? If you answered in the affirmative, you know [self-custody](/news/article/bitcoin-investors-turn-to-self-custody) or a traditional crypto wallet won't just cut. This article introduces Copper crypto, a third-party custody service provider that offers supped-upped digital investment security.     

## What is Copper crypto? 

Copper is an online custodian and crypto brokerage platform offering custodian solutions to institutional cryptocurrency investors. Licensed in the UK and Wales, the firm's software is linked to leading cryptocurrency exchanges like Bitfinex, BitMEX, and Binance. 

## What does Copper do? 

[Copper crypto](https://copper.co/) offers cryptocurrency custody solutions, allowing users to create cold storage for their digital assets. The platform guarantees optimum security through a triple-distributed key system which requires multi-signature authorization for withdrawals. Users can choose client-side storage custody or a wholly Copper-controlled service. The platform's two main are: 

Walled Garden: The technology protects customers’ crypto assets in cold storage wallets via the multi-signature cosign system that splits private keys into three parts. Moreover, a Copper member or authorized third party must personally sign off transactions for private keys to be moved from cold storage.   

Air-gapping: This cybersecurity measure, mainly associated with military institutions, uses encrypted QR codes to validate transactions and offers extra security besides hastening transactions.   

## Who are Copper crypto's major clients? 

Copper crypto serves numerous sectors and market segments, mainly B2B, Fintech, blockchain, and cryptocurrency institutions.  

The importance of online custodian solutions for cryptocurrency 

Considering the heightened levels of hacking and cyber-attacks targeting cryptocurrency investors, institutional crypto custody enables innovation to thrive technically since institutional investors will no longer worry about asset security. 

The availability of institutional-grade crypto custody enables investment companies and developers to turn their attention to building innovative applications instead of burning the midnight oil on the [security ](/news/article/blockchain-security-in-depth-analysis)of their assets. Moreover, the effective custody offered by Copper will help to enhance crypto adoption by institutions.   

## Conclusion 

The safe custody of crypto assets remains the foundation of a secure and prosperous cryptocurrency. Copper has created the foundation for this industry to develop and strive toward reaching its full potential. 

By guaranteeing the highest level of security and protection for institutional crypto assets, Copper is promoting wider innovation, attracting adoption and investment by establishing safe custody of assets. This service is essential for the long-term growth of the cryptocurrency industry. 

Copper crypto logo on image of laptop and crypto trading software

Copper Crypto Leaves Nothing to Chance

Online poker has always been a popular form of entertainment, but concerns surrounding fairness and security have often plagued the industry. Enter Blockchain Poker, a groundbreaking platform that used blockchain technology to address these issues head-on. 

Fans were stunned when the platform closed in December. In this article, we look back at what Blockchain Poker brought to the [online gaming](/news/article/what-is-gamefi) party. 

### What was Blockchain Poker? 

Blockchain Poker was an innovative online poker platform that leveraged blockchain technology to provide players with a transparent and secure gaming experience. 

Built on the Ethereum blockchain, it offered a decentralised environment that eliminated the need for intermediaries and ensured that games were provably fair. 

### How did it work? 

The platform operated on the principles of transparency and decentralisation. 

By utilising the Ethereum blockchain, it guaranteed that no alterations or manipulations could occur during gameplay. Smart contracts handled the distribution of funds, ensuring that payments were automated, secure, and tamper-proof. 

To participate, players needed to have an [Ethereum-compatible wallet](/news/article/best-ethereum-wallet). Once registered, they could deposit their desired amount of Ethereum into their wallet on the platform. This allowed them to join cash games, tournaments, and Sit & Go tables. 

The gameplay experience on the platform closely resembled that of traditional online poker platforms. The platform supported various popular poker variants, including Texas Hold'em and Omaha, with both cash games and tournaments available. 

The user-friendly interface and smooth gameplay made it a compelling choice for poker enthusiasts. 

### Was Blockchain Poker any good? 

The platform garnered a positive reputation among online poker players for its commitment to transparency and security. The use of blockchain technology ensures that every hand is provably fair, assuaging concerns about cheating or tampering. 

Furthermore, the platform's decentralised nature allowed players to retain control over their funds. Unlike traditional poker platforms that require users to trust a centralised authority, this one ensured that funds were securely stored in each player's personal wallet. 

This setup prevented the risks associated with central point-of-failure and provided greater peace of mind to the players. 

While the platform initially faced scalability issues due to Ethereum network limitations, the team behind this online poker offering continuously worked to address these concerns. As blockchain technology evolves and scales, it was expected that the platform would become even more robust and user-friendly. 

But that was before December… 

### Blockchain Poker closes 

On 12 December, 2022, the platform became the latest in a series of online poker sites to close its door. 

While play stopped on that date, the platform stayed open for withdrawals so players could get their funds back. 

It was not immediately clear why it had shut, although a [Reddit post apparently from the platform](https://www.reddit.com/r/poker/comments/zg5l6r/blockchain_poker_closing_play_ending_on_december/) offered some insight. 

The post claimed that Blockchain Poker had entered the space to help encourage the adoption of Bitcoin and that this goal had been achieved. It said crypto is 'here to stay' so the purposes of the platform had been accomplished. 

While this sounded like an honourable reason for closing the site, others pointed to regulation and competition as contributory factors. 

In its report, [beathefish.com](https://www.beatthefish.com/blockchain-poker/) pointed to licensing, competition, and technical issues as playing a role. 

It claimed that the fact that the platform was not licenced restricted its ability to operate in many jurisdictions. While some online poker sites operate with licences from places like Antigua and Curacao rather than specific US states, Blockchain Poker did not even apply for a licence in these locations. 

While this was a popular platform, the report continues, the emergence of others offering more games, better experiences, and more attractive bonuses impacted on the number of users of the ‘no frill’ Blockchain.Poker site. 

Finally, the report adds, it had become obvious that Blockchain Poker was not a sizeable operation, meaning there were technical issues that were not always fully addressed. The story pointed to complaints of frequent crashes and slow loading. 

### Exploring alternatives 

There are other notable platforms that offer cryptocurrency-based gameplay. 

[CoinPoker](https://coinpoker.com/): utilises its native cryptocurrency, CHP (CoinPoker Tokens), for all transactions. Built on blockchain technology, the platform offers a diverse range of poker variants, tournaments, and cash games, with an emphasis on the Asian market. CoinPoker's user-friendly interface and dedicated mobile app make it accessible for players on the go. 

[BetOnline](https://www.betonline.ag/poker): this well-established online gambling platform has integrated crypto as a payment option. While not solely focused on poker, BetOnline offers a comprehensive poker section that accepts popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The site provides various formats, including cash games, tournaments, and Sit & Gos. Its reputation for reliability, extensive player pool, and enticing promotions make it a viable choice for cryptocurrency poker enthusiasts.

### Conclusion 

Blockchain Poker was undoubtedly a revolutionary step in the online poker industry with its transparent and secure approach. By leveraging blockchain technology, it provided players with unprecedented trust and fairness. While facing competition from other blockchain-based poker platforms, this site tried to continue to deliver a reliable and enjoyable gaming experience. 

However, the platform closed at the end of last year because it felt its job was done or due to other factors such as licensing, competition, and tech issues. 

Despite that, blockchain technology's use in online poker has a future. The integration of transparency and decentralisation has the potential to reshape the way poker is played, offering players a level playing field and enhanced security. 

Blockchain Poker: Reflecting on a Trendsetter

In the fast-paced world of blockchain technology and cryptocurrency, a term gaining significant prominence is "blockchain analytics". 

As the blockchain ecosystem continues to evolve, so does the need for robust tools and methodologies to extract useful insights from the vast amount of data stored on the blockchain. 

## Understanding blockchain analytics 

Blockchain analytics is the process of gathering, interpreting, and leveraging data from blockchain networks to gain insights and make informed decisions. 

It involves using[ analytical tools and techniques](https://originstamp.com/blog/what-is-blockchain-analytics-and-how-does-it-work/) to dissect the data stored on the blockchain, enabling users to understand transaction patterns, identify trends, detect anomalies, and assess the overall health and security of the network. 

## Blockchain analytics in cryptocurrency 

Blockchain analytics is pivotal in the cryptocurrency ecosystem, addressing key challenges and providing vital information for stakeholders. 

It offers a comprehensive view of the transactions occurring on the blockchain, helping to enhance security, prevent fraud, and ensure compliance with regulatory frameworks. 

By analysing blockchain data,[ blockchain](/news/article/blockchain-for-dummies) analytics platforms can identify suspicious activities, detect potential hacks or breaches, and trace the flow of funds. This enables cryptocurrency exchanges, financial institutions, and regulatory bodies to implement robust security measures and prevent fraudulent transactions, safeguarding users' funds. 

It assists in ensuring compliance with regulatory guidelines by tracking and monitoring transactions. It helps identify illicit activities such as money laundering, terrorist financing, or other illegal transactions. This capability promotes transparency, trust, and accountability within the cryptocurrency ecosystem, fostering its mainstream adoption. 

## How it works 

Blockchain analytics leverages techniques including data visualisation, statistical analysis, and machine learning algorithms to derive insights from blockchain data. 

Platforms gather data from public blockchain networks, such as Bitcoin or Ethereum, which are stored as blocks. These blocks contain transactional information, including sender and receiver addresses, timestamps, and transaction amounts. 

Once the data is collected, it is visualised in a meaningful way using graphs, charts, and other interactive visual representations. This enables users to explore the data, identify patterns, and better understand the blockchain network's dynamics. 

Tools employ sophisticated algorithms to analyse individual transactions and their relationships. By linking transactions, patterns can be identified, and clusters of related addresses can be formed, providing valuable insights into the flow of funds. 

Address clustering is a technique used in blockchain analytics to group multiple addresses that belong to the same entity. This helps to identify the ownership of wallets and track the movement of funds across the blockchain. 

[Machine learning](https://www.techtarget.com/searchenterpriseai/definition/machine-learning-ML) algorithms are crucial in this field, enabling the detection of anomalies, prediction of future trends, and identification of potential risks. These algorithms continuously learn from historical blockchain data to improve their accuracy and effectiveness. 

## Benefits of blockchain analytics 

There are multitude benefits extending beyond security and regulatory compliance. They include: 

### Improved Business Efficiency: 

Blockchain analytics provides valuable insights into transactional data, allowing businesses to optimise their processes. By understanding transaction patterns, companies can streamline supply chains, identify bottlenecks, and improve operational efficiency. 

### Market Intelligence: 

It enables businesses to gain a competitive edge by monitoring market trends and customer behaviour. By analysing transactional data on the blockchain, companies can identify emerging market opportunities, track the adoption of specific cryptocurrencies, and make data-driven decisions to stay ahead in the ever-evolving crypto landscape. 

### Risk Mitigation: 

The cryptocurrency market is inherently volatile, and investors face various risks. Analytics platforms assist investors by providing risk assessment tools and market indicators. By analysing historical data and market trends, investors can make informed decisions, mitigate risks, and manage their portfolios more effectively. 

### Network Optimisation: 

The methodology helps network operators optimise their infrastructure. By studying transactional data and network activity, operators can identify bottlenecks, enhance scalability, and improve the overall performance of the blockchain network. 

### Compliance and Auditing: 

In addition to regulatory compliance, analytics from blockchains aid in auditing and financial reporting. With transparent and traceable transactions on the blockchain, businesses can streamline auditing processes, ensure accurate financial statements, and provide stakeholders with increased transparency and trust. 

## The future 

As blockchain technology matures, analytics are poised for significant advancements. 

With the increasing demand for privacy in the blockchain space, efforts are underway to develop [privacy-enhancing techniques](/news/article/private-blockchains) within blockchain analytics. These techniques aim to balance privacy and transparency, allowing users to protect their personal information while benefiting from the insights provided. 

As blockchain networks evolve and become more scalable, the ability to perform real-time analytics on blockchain data will become crucial. Real-time analytics would enable businesses and stakeholders to monitor transactions, detect anomalies, and respond swiftly to emerging trends or security threats. 

Integrating blockchain analytics with artificial intelligence (AI) and the Internet of Things (IoT) holds immense potential. By combining the power of the methodology with AI algorithms and IoT data, businesses can unlock new opportunities for automation, predictive analytics, and smart contract applications. 

## Conclusion 

As the technology advances, blockchain analytics will continue to evolve, offering new capabilities, privacy enhancements, and integration opportunities. By leveraging the power of this methodology, businesses and individuals can confidently navigate the complexities of the blockchain landscape and stay ahead in this transformative digital era. 

Blockchain Analytics: Unlocking Insights

[FTM](https://coinmarketcap.com/currencies/fantom/) is a top 60 digital asset by market capitalization. While a fully diluted market value of approximately $850 million categorizes the coin as a small-cap digital asset (worth less than $2 billion), the potential of [Fantom](https://fantom.foundation/), the smart contract platform behind the cryptocurrency, has led many analysts to make bullish forecasts. 

Among the forecasts is the question, can it recover and retest the price range it used to? 

## What is FTM?  

It is the [cryptocurrency](/news/article/waves-crypto) behind Fantom, one of the most patronized blockchains that house some of the most popular decentralized applications ([DApps](/news/article/what-is-dappradar)).  

Like most digital assets, it oversees several activities on the chain. Tagged as an Ethereum Killer, Fantom was launched in December 2019 by Fantom Foundation but was created in 2018.  

In July, the virtual currency was supported by more than [60](https://coinranking.com/coin/uIEWfMFnQo9K_+fantom-ftm/exchanges) cryptocurrency exchanges, including [Binance](/news/article/cz-binance-founder), [Gate.io](/news/article/gate.io-to-make-debut-in-hong-kong), Kraken, Huobi Global, Uniswap, Coinone, and MEXC Global.  

In addition to this, it is available in more than 110 markets and can be traded against fiat currencies such as the US dollar (USD) and Euro (EUR), and other cryptocurrencies. 

This means that the coin is highly accessible, one of the pros of watching out for before including any asset in your investment portfolio.  

## Will FTM recover?  

Yes, it could recover in the long term depending on activities in its ecosystem. The team has been expanding the project with Hackathons. The latest [Hackathon](https://fantom.foundation/blog/fantom-general-update-may-22-2023/) was completed at the end of Q2 2023.  

Interested participants were tasked with adding new DApps to the ever-growing ecosystem of Fantom. 

In June, [CryptoDo](https://twitter.com/CryptoDo_app/status/1670496972342435840), a multichain no-code builder of Web3 solutions for businesses, integrated with Fantom to help anyone without programming skills create and deploy several DApps. 

These, in addition to the project’s presence in the non-fungible token [(NFT](/news/article/matt-hancock-nft-latest)) sector, where it has generated around [$8 million](https://www.cryptoslam.io/blockchains/fantom) in all-time sales, could propel the coin to reach new price milestones. 

Many analysts believe an FTM price recovery of around $4 could come in the long term. 

ftm Fantom logo on blue image of blockchain

Can FTM retest its all-time high in the future?

The upcoming [play-to-earn game ](/news/article/play-to-earn)Grand Theft Auto 6 (GTA 6) has been in the pipeline for over a decade and is touted to become the most lavish P2E game ever. However, tongues are wagging from the underground to suggest that it could integrate blockchain technology and cryptocurrency into its fabric. As the gaming community counts down toward the game-changer’s debut with quivering anticipation, we interrogate these rumors and unravel the truth.  

## Existing GTA 6 news based on speculation 

The rapidly growing P2E sensation has caused quite a buzz, converting an amusement activity into a potential source of income in the form of in-game rewards and payments. The grapevine surrounding GTA 6 suggests incorporating top-tier cryptocurrency Bitcoin is possible. However, Rockstar Games said nothing about it during its GTA 6 announcement, let alone mention a release date, with a June 2022 [Bloomberg report](https://www.bloomberg.com/news/articles/2022-07-27/gta-6-release-date-rockstar-cleans-up-image-after-employee-backlash#xj4y7vzkg) suggesting a probable 2024/2025 launch.  

Apart from a 4 February [Twitter announcement](https://twitter.com/RockstarGames/status/1489617718009606150) and a general confirmation by Rockstar Games that it was actively developing Grand Theft Auto 6, more concrete information must be forthcoming. Much of the GTA 6 news hitting the headlines is based on speculation: there are not even facts on the platforms on which the P2E game is likely to launch. Depending on the launch date, it could take off on PS5, Xbox series X/S, or something newer.   

## From GTA 4 to GTA 6 

The abundance of online tidbits and juicy gossip surrounding GTA 6's potential roadmap has left the community with more heat than light, leading to all the tantalizing hearsay. We need to glance backward at GTA's existing earning system before separating the chaff from the wheat. 

Grand Theft Auto has always entertained elements of the play-to-earn concept. The developer introduced players to the workings of the stock market trade during their 2013 installation of GTA 5. The game comprised a system that enabled players to earn via high-yield “Stock Market Assassination Mission” and in-game exchanges. This model was an extraordinary improvement from GTA 4, which only comprised the Liberty City Stock Exchange (LCSE) building without interactive components.  

## Wishful thinking or concrete plans?  

The inclusion of an innovative feature in GTA 5 that allowed players to buy shares using in-game smartphones became an instant hit among Grand Theft Auto gamers. The onward progression must have ignited the ongoing GTA 6 news and fuelled the speculation that the developer’s next stop. The game’s enormous fan base met the rumors about the potential introduction of cryptocurrency rewards enthusiastically, sending waves of excitement within the gaming community.   

While the thought of including a crypto component within the anticipated GTA 6 ecosystem has led to hot debate among fans and industry experts, the reality paints a different picture, meaning these speculations could be more wishful thinking than concrete plans. Moreover, the apparent lack of official communication on integrating cryptocurrencies in GTA 6 means all such discussions result from rumor mills and hypothetical imaginations.  

## More rumors but no credible leaks 

The information in much of the GTA 6 news has been doing rounds for so long that it now looks like credible news; nothing could be further from the truth. For example, an "insider", Tom Henderson, [tweeted way back in June 2021](https://twitter.com/_Tom_Henderson_/status/1400498601353220097) that he had "credible" information regarding GTA 6 concerning the potential for a crypto-based in-game reward system. According to him, crypto, resembling Bitcoin but probably with a different name, would replace the traditional in-game currency earned when a player completes a mission.     

Another “leak” in 2022 went a step further, boldly and sensationally predicting that GTA 6 could define the future of gaming by integrating cryptocurrency and metaverse components. Per an article by [SeekingAlpha](https://seekingalpha.com/article/4577675-take-two-interactive-q3-earnings-set-define-gaming-next-decade), it would only be a matter of time before the ongoing advancements enter the gaming technology sphere.     

There haven’t been any credible leaks regarding the possibility of using blockchain technology in the next installment of Grand Theft Auto. Still, many gamers have chosen to believe the sentiment and echoed the same since it went viral. Until now, all the sources of the swirling GTA 6 news remain unsubstantiated, and while GTA 6 could comprise blockchain or in-game cryptocurrency, there isn’t any guarantee yet that it will translate to a P2E model that can be transferred to real-life money.      

## A victim of huge gameplay leaks  

Whereas the idea of a crypto component in GTA 6 has excited fans, all indications suggest that the dream could remain just that, a dream. The [recent confession](https://twitter.com/RockstarGames/status/1571849091860029455) on Twitter by Rockstar Games about its being a victim of a series of gameplay leaks should tell everyone we’re safer waiting and watching.  

The rapid evolution of the play-to-earn gaming industry and Rockstar’s reputation for innovation means future surprises aren’t completely impossible. Moreover, the ongoing integration of P2E mechanics currently trending in the gaming industry and offering players a chance to gain tokens, [NFTs](/news/article/nft-collaborations), and in-game currencies is a force to reckon with. Should the ongoing GTA 6 news on its foray into the realm of crypto ever prove to be accurate, it could signal a potentially seismic shift in the entire blockchain gaming landscape. 

Pink iamge of GTA logo with crypto coins falling from sky in vice city

GTA 6 news: The great crypto debate

The raving AI boom of 2023 has capped the hype for Metaverse tech. Many critics even [wrote obituaries](https://www.businessinsider.com/metaverse-dead-obituary-facebook-mark-zuckerberg-tech-fad-ai-chatgpt-2023-5) for Mark Zuckerberg’s idea of a virtual world. Amid this, you might wonder whether Metaverse is dead, and if not, then who are leading the Metaverse companies? 

So to clear your doubts, here we have curated a list of seven leading Metaverse companies. The list has some big tech names that suggest the concept behind the virtual world isn't going anywhere anytime soon. So, let's get you started! 

## 7 Metaverse companies you must know about 

Here are the seven Metaverse companies you need to know about. 

### Meta Platforms Inc. 

[Meta Platforms Inc](https://investor.fb.com/home/default.aspx). became a global leader in the Metaverse industry when it rebranded itself in 2021. The name 'Meta' symbolises the company's focus on building a 3D virtual world. Meta's CEO, Mark Zukerberg's announcement of this shift spurred global hype for the idea of virtual worlds, and many businesses and tech giants started exploring it. 

Meanwhile, the company has invested more than [$36 billion](https://www.businessinsider.com/charts-meta-metaverse-spending-losses-reality-labs-vr-mark-zuckerberg-2022-10) into Metaverse-related projects. It focuses on developing advanced devices for augmented reality (AR) and virtual reality [(VR](/news/article/metaverse-vr-project-guide)). Also, Meta is creating a supporting environment for developers to experiment with new ideas.  

The most impactful development towards creating immersive experiences is its AR/VR products like Meta Quest 2 and Meta Quest Pro. Plus, it has also introduced the Meta Horizon Worlds for 3D games.  

### Alphabet Inc. 

Another leading name among Metaverse companies is [Alphabet Inc](https://abc.xyz/)., one of the largest tech businesses. It is Google's parent company, which began investing in AR/VR tech in 2014 with its Google Glass project. However, due to the lack of awareness about Metaverse back then, the project was not a success. 

Nevertheless, Alphabet Inc. again started to invest heavily in related tech after the concept of Metaverse gained traction in 2021. According to some sources, Google has infused around $39.5 million to acquire numerous related projects. For instance, it acquired North, a smart glasses company, and Raxium, a microLED startup. 

Alphabet has also started working on its Google Metaverse. Although it is unclear what this 3D world will be like, various projects in the pipeline hint at what it will feature. These projects include Project Iris, Starline, [ARCore](https://developers.google.com/ar), and the integration of AR in various of its offerings. 

### Roblox Corporation 

[Roblox](https://www.roblox.com/) is a leading online gaming platform where anyone can design their own games. The platform allows you to create your own virtual spaces and [Metaverse games](/news/article/metaverse-games). You can also monetise your games by allowing others to play them and buy in-game accessories. Due to these features, Roblox makes an ideal platform for immersive experiences. 

The gaming platform currently has more than 50 million daily active users. Besides, a community of around 9.5 million developers supports it, creating new experiences and shaping an immersive realm. That's why Roblox is a veteran among Metaverse companies. 

## Nvidia 

Nvidia is another tech giant that recently made headlines as it crossed the $1 trillion mark. The firm is renowned for designing the fastest chips that support artificial intelligence (AI) computing systems. However, Nvidia has a strong foothold in the Metaverse industry, too.  

In September 2022, the firm launched its unique infrastructure as a service called [NVIDIA Omniverse Cloud](https://www.nvidia.com/en-us/omniverse/). It is a cloud services suite for developers and creators that allows them to create 3D simulations. Many leading firms like PepsiCo, Siemens, Amazon, WPP, and others developed their own experiences using Omniverse.  

## Microsoft Corporation 

[Microsoft Corporation](https://www.microsoft.com/en-pk) is yet another big contender among Metaverse companies. The firm is strategically working on building both AR/VR devices and immersive environments. Meanwhile, it has also acquired the gaming firm Activision Blizzard via a $70 billion deal which may allow it to develop 3D gaming experiences.  

One of Microsoft’s breakthrough hardware is its [Hololens ](https://www.microsoft.com/en-us/hololens)series, which are Windows-based mixed-reality glasses. The company claims these glasses can enhance workers' productivity in many industries, including education, healthcare, manufacturing, and others. 

Microsoft Mesh is another project that is another step towards developing interactive 3D simulations. It is blended with Microsoft Teams and allows for more engaging collaborations. It shows that the Microsoft Metaverse will specifically focus on designing a virtual world that offers interactive workspaces.  

Microsoft Corporation also [partnered up](https://blogs.microsoft.com/blog/2022/10/11/microsoft-and-meta-partner-to-deliver-immersive-experiences-for-the-future-of-work-and-play/) with Meta Platforms in 2022. This partnership may lead to the introduction of [Mesh](https://www.microsoft.com/en-us/mesh) into Meta Quest devices. 

## Epic Games  

The American video game giant, [Epic Games](/news/article/epic-games-nft), is also looking to advance its Metaverse initiatives. The firm is renowned for its Fortnite game and Unreal Engine, which offers an infrastructure for game developers.  

Epic Games invested more than $31.5 million in its 3D virtual world in 2022. The firms like Kirkbi, Sony Group Corporations, and others helped Epic Games raise this fund. According to its CEO Tim Sweeney, the firm plans to use it to create interactive spaces for players and offer developers a platform where they can be creative.  

## Apple 

[Apple Inc](/news/article/apple-crypto-and-nft-rules). needs no introduction as it is the largest tech company in the world, with a net worth of around $3 trillion. In the last couple of years, the company started to explore Metaverse by throwing its weight behind VR headset tech.  

Interestingly, the company has even launched its VR goggles called Vision Pro at a time when the Metaverse hype has faded. Although Vision Pro has yet to be received well in the market, VR tech designed by Apple puts weightage behind this emerging tech.   

## Final thoughts 

Metaverse may not be as big a trend as in 2021, but it is gradually taking shape. Many Metaverse companies are investing heavily directly or indirectly in various related projects. These companies involve some of the big techs like Meta, Google, Apple, and Microsoft. 

Various [video gaming platforms](/news/article/what-is-gamefi) like Epic Games and Roblox are also interested in creating 3D spaces. All these facts mean we are moving towards a world with both physical and digital realities. 

person using a VR headset to use metaverse

7 Metaverse companies you should keep an eye on 

"Stablecoin depeg" has been gaining traction over the past year due to the extensive usage of the digital asset by millions across the globe. 

Despite the negative effects of what became known as [crypto ](/news/article/waves-crypto)winter due to the plunge in the worth of the decentralized finance market, [stablecoins](https://thedefiant.io/stablecoin-volume-hits-record-high-of-7-4t-in-2022) executed around $7 trillion worth of transactions in 2022. 

What's impressive is that last year's value was a 23% rise from 2021, when the stable assets executed approximately $6 trillion worth of transactions. 

Trailing only Visa, the stable asset class [outpaced](https://twitter.com/TheChicagoVC/status/1605596279295201280) other payment processing companies such as Discover, Mastercard, and American Express during one of the worst periods in the trading history of virtual currencies.  

With the world of work changing, which has forced the hands of many employers worldwide to offer some employees’ salaries in crypto due to its relatively lower fees, it has become an instrumental part of the lives of several remote workers.  

This is why stablecoin depeg has risen above many terms in the crypto sector and has become a subject you should not take lightly.  

## Stablecoin depeg: Where does it begin? 

To understand this, you should first know what a stablecoin is.  

Its meaning can be directly derived from its name, a coin that is stable. According to [Investopedia](https://www.investopedia.com/terms/s/stablecoin.asp), it is a part of the crypto family and values are tied or pegged to commodities, financial instruments, or fiat currencies like the US dollar (USD), Euro (EUR), or the Great British pound (GBP).  

Satoshi Nakamoto introduced blockchain technology-backed financial currencies to compete directly with centralized finance-backed currencies. Therefore, we would be focusing on crypto paired with fiat currencies as a measure for explaining depegging. 

Most stablecoins are pegged 1:1 with fiat currencies, so depegging occurs when their values deviate substantially from their pegged rate. 

This unfortunate situation normally occurs on the back of regulatory changes, liquidity issues, and market conditions depending on the type of stablecoin.  

## What are the types of stablecoins?  

They come in three types: coins backed by fiat currency as earlier explained, others backed by commodities such as gold and silver, and those backed algorithmically by smart contracts. 

Among others, the most popular are Tether Limited’s United States Dollar Tether (USDT), [Circle’s](/news/article/stablecoin-issuer-circle-apple-pay) United States Dollar Coin (USDC), Binance’s USD (BUSD), DAI, USDP, Euro Coin ([EUROC](/news/article/euro-coin)), and TerraUSD (UST).  

While stablecoin issued by Circle and Tether is directly supported by USD and EUR, UST was an algorithmic stablecoin by Terraform Labs, a project that collapsed in May 2022.  

UST de-pegged due to its linkage to LUNA, the native asset behind the Terra ecosystem – a project that once surpassed $20 billion in total value locked (TVL).  

Due to its reliance on LUNA, once traders lost interest in Terra’s flagship cryptocurrency, UST could not be redeemed against its parent virtual currency. This led to mass selling and plunged the coin into irrecoverable zones.  

In March 2023, USDC briefly depegged from the USD in large part due to [Silicon Valley Bank](https://www.investopedia.com/what-happened-to-silicon-valley-bank-7368676), a now-defunct financial institution in the US where around $3 billion of the stablecoin's reserves were held. 

In 2018, USDT, which remains the largest stablecoin by market capitalization with approximately [$83 billion](https://coinmarketcap.com/currencies/tether/) in value, briefly depegged. 

## Should you be concerned about another major stablecoin depeg?  

Yes, you should be extremely concerned, considering the collapse of UST began crypto winter that wiped more than $1 trillion off the crypto economy in 2022.  

Understand that the DeFi sector is highly volatile, and several agencies continue to plan to introduce some [regulation](/news/article/is-crypto-regulated-across-the-globe) to the market, which could impact the asset class negatively. 

Aside from that, issuers can fail holders of a particular coin, while large selling by traders who want to cash out their assets can also affect their stable value. 

What is stablecoin depeg and why does it matter? 

[Polygon Matic ](https://polygon.technology/)is a set of protocols specifically designed to address the scalability challenges faced by the Ethereum network. 

With the Ethereum-compatible blockchain, Polygon network transactions are processed independently. This approach effectively reduces the network load on Ethereum, resulting in accelerated transaction speeds and significantly lower transaction costs, sometimes even less than a cent. 

Formerly known as the Matic network, Polygon is a user-friendly framework that enables new and existing blockchain projects to operate on the Ethereum platform without encountering scalability issues. Users can seamlessly interact with decentralised applications (DApps) through Polygon without concern about network congestion. 

## How does it function? 

Polygon, the scaling solution, can handle up to 65,000 transactions per second at comparatively lower costs to users, a substantial improvement compared to Ethereum's limit of roughly 17 transactions per second. Polygon processes transactions independently from the Ethereum main chain by utilising side chains. 

Ethereum transactions come with an average fee of around $15, while Polygon can process transactions for just a few pennies. This substantial difference in fees makes Polygon an attractive option for users seeking cost-effective solutions. 

Polygon's diverse suite of protocols includes the zero-knowledge (zk) proof variety. Zero-knowledge proofs are cryptographic primitives used to verify the validity of a statement without revealing any additional information. This flexibility empowers users to select the most suitable scaling option from a range of choices provided by Polygon Matic. 

Several integration options available on Polygon are particularly popular among project teams. These include plasma sidechains, a Proof-of-Stake (PoS) blockchain bridge, zk rollups, and optimistic rollups. Initially, Polygon started with plasma sidechains, lighter and more secure sidechains running parallel to the Ethereum main chain. These sidechains facilitate secure asset transfers between themselves and the main Ethereum blockchain. 

Polygon introduced a blockchain bridge to its product lineup to meet the increasing demand from developers. This bridge operates on a PoS mechanism, enabling developers to create DApps on one platform without sacrificing the benefits provided by other platforms. 

Polygon Matic reduces the burden on Ethereum's main chain by processing batches of transactions on its own Proof-of-Stake blockchain. This approach makes Ethereum faster and more lightweight by offloading transaction processing to Polygon. 

zk rollups tackle scalability by processing bundles of transactions off-chain and generating validity proofs. These proofs are then sent to the main Ethereum blockchain as proxies for the respective data bundles. This strategy reduces the data load on the main chain, leading to faster validation of transaction blocks and lower gas fees. 

Optimistic rollups employ a different proof system known as fraud-proof. If a fraudulent transaction is identified, a fraud-proof protocol is activated, ensuring that the correct transaction is determined based on the data available on the main blockchain. Stakeholders who update transactional data on the system must stake ETH, which acts as a deterrent for submitting fraudulent transactions through optimistic rollups. 

## Polygon token (MATIC) 

The [MATIC](/news/article/polygon-announce-hard-fork) token serves as the foundational asset within the Polygon system. It plays a dual role in facilitating transaction payments and safeguarding the integrity of the Polygon Matic network by storing tokens. Following its rebrand, the MATIC token has experienced a significant surge in value due to a substantial increase in its utilisation. 

With a supply of 10 billion tokens, the MATIC token currently has a circulating supply of approximately 5 billion. This token can be easily accessed and traded on prominent, decentralised and centralised exchanges, including popular platforms such as Binance, 1inch Exchange, and Coinbase Pro. 

According to CoinGecko, the current market capitalisation of the token stands at an impressive $5,866,490,572 at the time of writing. As for its value, the token is currently valued at approximately $0.63. 

## MATIC token use case 

$MATIC serves a crucial role in enhancing the security of the system and establishing a robust governance system on the platform. This governance system empowers token holders to participate in decision-making processes regarding implementing new features. 

By leveraging this system, token holders can exercise their voting rights to determine the direction and future of the platform. 

The token also enables users to make payments through crypto using DApps and pay transaction fees on the network. 

## Bottom line 

Polygon [Matic](/news/article/what-is-matic-all-about), the layer 2 blockchain, is a scaling solution aiming to improve the speed and lower the additional high transactional fees charged on the Ethereum blockchain. It has recently forged numerous partnerships to expand its user base, collaborating with renowned entities such as DraftKings, Starbucks, Adobe, Adidas, Prada, Disney, Meta, Stripe, and Reddit. 

Through these strategic partnerships, the network aims to broaden its user base and foster the adoption of NFTs across various industries, showcasing the versatility and potential of blockchain technology. 

A comprehensive guide to Polygon Matic network 

[Polkadot](https://polkadot.network/) crypto is a cutting-edge blockchain project aiming to establish a diverse multi-chain framework. It has attracted significant attention from investors, developers, and users, positioning itself as one of the most innovative projects in the cryptocurrency space. 

The network architecture offers flexibility and adaptability, allowing developers to leverage scalability, interoperability, and security. 

## What is Polkadot crypto and how does it work? 

Launched in 2020, Polkadot strives to address various limitations of existing blockchains, including scalability and security. 

The project aims to enable seamless communication and exchange of data and crypto assets between blockchain networks such as [Acala](/news/article/acala-coin-use-and-value-explored), [Centrifuge](https://centrifuge.io/), and [Phala](https://phala.network/). Polkadot achieves this by connecting distinct and independent blockchains, parachains, to a single blockchain called the relay chain. 

The relay chain handles essential aspects of blockchain technology, including security and data validation, using a nominated proof-of-stake (NPoS) consensus mechanism. These are designed with minimal functionality and do not support smart contracts. 

On the other hand, parachains can be customised to offer various unique services and features. These parallelised chains can be built from scratch using the Substrate framework to make interoperability with other chains easier. Existing blockchains can also join the Polkadot ecosystem as parachains or parathreads. 

Adding new parachains to the Polkadot ecosystem follows a community-driven process called a Parachain Slot Auction. These auctions allocate 96 slots to potential projects using a candle auction format where bids are placed using DOT tokens. Winning bids secure a lease on a slot for a maximum of 96 weeks (approximately two years) before becoming available for others to bid on again. 

## Substrate Modular Framework 

The [Substrate](https://substrate.io/) is a powerful development tool within the Polkadot ecosystem that simplifies the process of building a new blockchain. 

It aims to assist developers in creating their unique blockchain while seamlessly connecting to the relay chain and benefiting from its security, speed, and efficiency. By utilising Substrate, developers can direct their efforts towards adding value to their projects rather than investing resources and funds into constructing infrastructure from scratch. 

Any [blockchain](/news/article/blockchain-security-in-depth-analysis) that uses Substrate is compatible with Polkadot, granting them effortless access to the interoperable ecosystem comprising parachains, applications, and resources. 

While Polkadot and Substrate work synergistically, they are not reliant on each other. Polkadot parachains can be constructed and maintained using alternative software options besides Substrate. Similarly, chains built with Substrate are not obligated to connect to Polkadot or Kusama. 

## Kusama - The testing development platform 

[Kusama ](https://kusama.network/)serves as a testing development platform within the Polkadot ecosystem. It allows developers to test new ideas and projects before deploying them on the main Polkadot network. Launching a parachain or becoming a validator is comparatively easier on Kusama, as it demands less staking of DOT tokens. 

However, there are some trade-offs when using Kusama. Its governance parameters are less strict, allowing for smoother and quicker upgrades. Kusama is capable of processing transactions up to four times faster than Polkadot. The process involves a seven-day voting period for token holders to participate in a referendum and an eight-day validation period before the referendum is officially approved and implemented. 

Nevertheless, this increased speed comes at the cost of stability and security. Kusama stakeholders must remain active to stay informed about all proposals, referenda, and upgrades. Additionally, validators on the Kusama network often must be prepared for sudden updates and changes. 

## DOT - The Polkadot crypto native token 

The [DOT](/news/article/polkadot-price-prediction-2030) coin is the native Polkadot crypto token, enabling various use cases. It covers network fees, participates in governance voting and validating rights, and facilitates interoperability. 

When communicating or transferring data between two blockchains within the network, DOTs are used to pay transaction fees. Additionally, DOTs are utilised as a means of payment for voting on protocol updates or fixes. 

Furthermore, nominators can bond their Polkadot crypto to a specific validator they support. This bonding process enhances the network's resistance against potential attacks and enables DOT holders to earn newly minted tokens as staking rewards. 

According to[ Coinmarketcap](https://coinmarketcap.com/currencies/polkadot-new/), DOT tokens are ranked the 13th largest cryptocurrency globally, with a live market capitalisation of $5,228,539,469. As of writing time, the DOT coin is valued at $4.38. 

The token can be purchased on exchanges, including Binance, KuCoin, Coinbase, and Huobi Global. These tokens can be stored in different cryptocurrency wallets, including Parity Signer, Fearless Wallet, Polka Wallet, Ledger, and SubWallet. 

## The future of Polkadot crypto 

Polkadot network is one of the leading blockchain projects that seek to solve interoperability and security issues. The utilisation of DOT as the governance token of the protocol, as well as for staking purposes to enhance network security and establish new chains, clearly indicates that the project aims to incentivise user participation. 

The DOT coin currently faces hurdles in recovering its original value. However, the project has enormous potential and promises profitable returns to its investors. 

Polkadot Crypto: A Comprehensive Guide

The [Ledger Stax](https://shop.ledger.com/products/ledger-stax) boasts the biggest touchscreen on the market, a Bluetooth connection, and an iPod-like design. It also asks for the most money on the market too, going for $279 against products like the Ledger Nano, which can go for a nifty $79. So why is it so expensive, and why are we discussing it in a[ Web3](/news/article/what-is-web-3.0-crypto) space? Let’s get into it! 

## Background 

Historically, storing and moving crypto assets has always been the primary goal behind using e-wallet services. The convenience of having all your crypto assets stored safely under a wallet address led to many names in the market coming up with newer, faster, and more user-friendly e-wallets. 

To differentiate themselves and to try and negotiate a sustainable market position, these e-wallets often focused on differentiated specialities. Some wallets specialize in transaction speed, some in security protocols, whereas some claim proficiency in a specific blockchain. 

## Hardware wallets 

As more niches started to develop in the market, it was no surprise to the community when [TREZOR](https://www.finder.com.au/trezor-bitcoin-wallet-review) came up with the first hardware wallet in 2014. The utility of hardware wallets was questioned because traders/asset holders at the time thought that the problem of e-wallet security had been catered to. Well, traders kept losing money and valuable assets as a result. 

In fact, it was not till Bitcoin and many other cryptocurrencies/assets had reached the $1,000 price that security and the utility of hardware wallets became a serious consideration in the crypto space. 

This sentiment was later reinforced when people started to trade NFTs worth a fortune. Slowly, it became necessary for high-profile traders to keep a [hardware wallet](/news/article/what-is-web-3.0-crypto) or wallets. 

Hardware wallets have been found to be more secure than their software counterparts because of their ability to store and hold transaction details/keys offline, just like a USB device. 

## Enter: Ledger Stax 

Things have gone through major upgrades in the last eight years. As threats to security and safe transactions have increased, so has the sophistication of hardware wallets. 

But the Ledger Stax only asks this price because of the convenience and gimmicks it offers better than the competition, and who would know better design work for gimmicks if not [Tony Fadell](https://en.wikipedia.org/wiki/Tony_Fadell), the man behind the iPod's design, and the Ledger Stax design? 

Having said that, this association with the iPod is not the only reason why the Ledger Stax asks you to pay a premium price. 

Other than its design, the Ledger Stax offers Bluetooth connectivity. This allows traders to connect the device to their cell phones and upload NFTs or other assets via Bluetooth transfers from the Ledger’s native Ledger Live application on their phones. 

Additionally, the Ledger Stax boasts the best battery life on the market. It may take you weeks or even a month to run the battery out, depending on the nature of your usage. And in case you are able to run the battery out, the Ledger Stax offers seamless Qi wireless charging as well. However, that is probably a feature most traders would trade off if it meant that the Ledger Stax could be made more affordable. 

Although gimmicky, the Ledger Stax can use your favourite NFT as a lock screen. Depending on who you are and what you own, that could be an offering that catches your eye.  


## But… 

Despite all these pluses, the Ledger Stax does indeed come off as little more than a status maximization tool that traders can show off. 

It is obvious that the utility that this device provides can suit the use cases of high-volume traders, but you can easily conclude that this product is not for everyone. In fact, it is possible to get two good-quality wallets for the price of this one, and I do not think that is going to make it easy for this wallet to sell. 

Another huge downside to the Ledger Stax wallet is that the e-ink touchscreen is not a coloured screen. So, if your favourite NFT depends on colour orientation, as most NFTs do, you are out of luck. You can still put it on as your lock screen, but you would not be doing justice to your valued crypto asset. 

There is one more concern. When it comes to products requiring high-security protocols, enabling a Bluetooth connection kind of defeats the purpose. The philosophy of hardware wallets is supposed to ensure that these wallets are a lot safer than the standard e-wallets. We are sure that the Ledger Stax developers have kept that in mind, but a Bluetooth connection to pair the wallet with your smartphone to enable a native application sounds like too many entry points for something malicious to enter your wallet. 

However, in the context of Ledger itself, it does serve the brand well to have multiple products of varying quality serving the same market. If Ledger’s work sounds interesting to you, you might want to read about [its crypto debit card](/news/article/ledger-crypto-wallet). 


Ledger Stax: The Web3 iPod?