The Crypto Valley in Zug, Switzerland, is quickly becoming the global hub for blockchain innovation. With its favourable business environment and forward-thinking regulators, the Crypto Valley has become a magnet for crypto start-ups and investors alike.

Here, we explore why the Crypto Valley is so attractive to crypto businesses and what makes it stand out from other crypto hotspots worldwide.

## What Is the Crypto Valley and What Makes It so Special for Blockchain Innovation?

The Crypto Valley is a nickname for the Canton of Zug in Switzerland, a small town that has been a haven for crypto and blockchain innovation since the early days of [Bitcoin](/coins/btc). The crypto valley is home to many crypto and blockchain start-ups and a number of major crypto exchanges.

What makes the Crypto Valley so special is its supportive regulatory environment. The Swiss government has welcomed crypto and blockchain innovation and has created a supportive regulatory framework.

This has made the Crypto Valley a hotbed of innovation and has attracted many talented developers and entrepreneurs to the area. The Crypto Valley is also home to several major crypto conferences attended by leading figures in the crypto world. This makes the Crypto Valley a very special place for blockchain innovation.

## Who are Some of the Key Players in the Crypto Valley?

The Crypto Valley is home to a number of key players in the crypto space, including the Ethereum Foundation, [ShapeShift](https://shapeshift.com/), and Bitcoin Suisse.

These organisations are made up of experts in the fields of blockchain technology, cryptography, and economics. Together, they provide the infrastructure and support that helps to drive innovation in the crypto space.
In addition to these organisations, there are also several important individuals who contribute to the development of the Crypto Valley ecosystem. These include Maximilian Walsh, who founded the Bitcoin Association Switzerland; Ralf Sasse, who heads up the Ethereum Foundation's research arm; and Reto Trinkler, the co-founder of Melonport AG.

Together, these individuals have helped make the Crypto Valley one of the most important centres for blockchain and crypto innovation globally.

## What Notable Projects Have Come Out of the Crypto Valley So Far?

Notable projects that have come out of the Crypto Calley include the Ethereum Foundation, The Swiss Blockchain Federation, and The Crypto Valley Association.

These organisations are working to promote blockchain technology and crypto-assets, and to foster an environment that is conducive to innovation and entrepreneurship. In addition to these organisations, there are also a number of start-ups and scale-ups based in the Crypto Valley.

Some of these companies include Xapo, ShapeShift, and bitFlyer. These companies are working on various innovative projects, ranging from storage solutions for digital assets to decentralised exchanges.

The Crypto Valley is quickly becoming a leading destination for blockchain and crypto-related activity. It is poised to make a significant impact on the industry in the years to come.

## How Does Zug's Regulatory Environment Support Blockchain Innovation?

The regulatory environment in Zug is very supportive of innovation, providing a light-touch framework that allows businesses to experiment and scale quickly.
However, this can also present challenges for businesses, as the lack of clarity around regulations can make navigating the legal landscape difficult.

Nevertheless, the Crypto Valley is a hotbed of innovation, and businesses operating in the area are ideally positioned to take advantage of the blockchain technology opportunities presented.

## What Is Likely to Happen in the Crypto Valley?

The Crypto Valley is likely to continue to shape blockchain innovation worldwide. It is home to many of the world's leading blockchain and crypto companies, and it is also a major hub for start-ups and ICOs.
The Crypto Valley is also home to several world-class research institutes and universities, making it an ideal environment for developing new blockchain technologies.

In addition, the Crypto Valley has a highly developed infrastructure and a supportive regulatory environment. These factors all make the Crypto Valley an attractive destination for blockchain companies and developers.
As a result, it is likely to continue to be a significant force in shaping the future of blockchain innovation around the world.


Crypto Valley: Hub for Blockchain

Do you like to play games? Metaverse games are a new and unique way to make money. They involve interaction with other players in one virtual world, making the experience more fun and engaging. You can also promote your brands according to your terms in these games.

Many companies have turned their attention towards metaverse games following Facebook's re-brand to "Meta." This means that top metaverse games will rise in prominence in the coming years. To be part of the cutting edge of gaming, don't miss out on this incredible opportunity - get started now!

## Famous Play to Earn Metaverse Games

Those seeking ways to make some serious cash might want to think about getting in on the Play-to-Earn revolution. With this brand-new business model, you can use non-fungible tokens, cryptocurrencies, and other blockchain technologies to generate real-world value from in-game goods and other digital products.
Here are some popular P2E games:

## [Axie Infinity](https://axieinfinity.com/)

There are now many games where users can earn real money. Axie Infinity is one of the most popular games in this category, and it's easy to see why.
Based on the popular Pokémon franchise, Axie Infinity allows users to breed, race, and trade their pets, called "Axies," for money or SLPs. What's more, the game is NFT-based, meaning that it supports [Ethereum](/coins/eth)-based cryptocurrencies as payment methods.
If you're looking to make some money in the Metaverse, check out Axie Infinity. Who knows, you might just hit the jackpot!

### Features

Adventurous: You must fight with chimera and gather important treasures to go further in this action-packed game. This will be useful when it comes to improving your army.
Become a legend: If you want to be legendary in PvP battle, you will need to be able to defend yourself against difficult opponents.
Breeding: You can create a new ultimate offspring by crossing your axies.

## Alien Worlds

If you're looking for a metaverse game that'll take you to another world, look no further than Alien Worlds. This game consists of seven planets that reproduce a digital facsimile of Earth. Each has its unique economy based on Trillium (TLM) game tokens. The game is available for free on the Steam platform, so you can explore all it offers without breaking the bank. You can stake Trillium on planets to cast votes in upcoming elections or increase the prize pool. In addition, you can participate in weekly council elections, make proposals for how planetary money should be divided, and even run for positions on the planetary council yourself.

And if you're looking for an out-of-this-world metaverse game experience, check out Alien Worlds.

### Features

Metaverse Art Space: You can produce games, music, artwork, and stories here.
You can use the Metaverse to establish your community. Share activities, objectives, or experiences with your fellow travelers on the Metaverse.
Explore: You can hire a spacecraft and explore the Metaverse here.

## Splinterlands

Metaverse games like Splinterlands are becoming increasingly popular as they offer a unique and immersive gaming experience. In Splinterlands, players take on the role of summoners, battling it out with fantastical creatures in various exotic locations.

The game features an innovative card-based combat system. It offers players a wide range of customisation options to create their perfect teams. With its engaging gameplay and rich metaverse setting, Splinterlands is quickly becoming one of the most popular metaverse games on the market.

Splinterlands is one of the play-to-earn Metaverse games, making it a more enjoyable experience.
The gamers can buy, sell, and trade their digital assets just as easily as if they were physical cards in this section. Overall, the game is a fun and unique way to metaversing!

### Features

Swift Transactions: In Splinterlands, transactions are quick, and the expenses are low.
Become a critical thinker: Splinterlands is all about maximizing your chances of winning and constructing the finest team possible by devising the most effective methods in your favor.
Transparency: Users may examine and verify the history of each card in Splinterlands and how many distinct kinds of each card are or will be available in the future.

## Conclusion

Whether you're a gamer looking to make extra cash or a businessperson searching for new marketing opportunities, metaverse games offer many potentials. With the continued growth of the virtual and augmented reality markets, more and more businesses will likely begin experimenting with game-based marketing campaigns.
So far, we've seen some great successes from games like Axie Infinity, Alien Worlds, and Splinterlands.
If you're looking for ways to reach new customers and increase sales, metaverse gaming may be just what you need.


Metaverse Games To Make Money: A Guide

Why did the share price of NFT Investments go into decline?

British blockchain company [NFT Investments Plc](https://www.nftinvest.pro/) recently announced it was withdrawing its £96 million offer to acquire Pluto Digital. This resulted in the fall of the NFT Investments share price.
The company, which specialises in investing in non-fungible tokens (NFTs),  decided to pull out, claiming, however, that the reasons were not of a financial nature.

 “The company is well-positioned to take advantage of the recent market correction in the blockchain and digital assets sectors by investing at attractive valuations,” the company’s CEO Jonathan Bixby stated.

When talking about NFTs, we are referring to a digital asset that denotes real-world objects such as music, fan memorabilia, sports, art, in-game items, and videos. They are traded online, paid for with cryptocurrency, and generally encoded with the same underlying software as many cryptos.

## Focusing on Building Global Metaverse Company

On 24 January 2022, the company signed a non-binding letter of intent for the proposed acquisition. Its shares were then suspended from trading while waiting for the negotiations to be done.
The company then said it intends to build a world-important metaverse company with this acquisition and boost NFT investments within the non-fungible tokens sector as the Pluto Ventures division has heavily contributed to NFT gaming.

In the meantime, from November to March, the whole blockchain sector went through a month-long bear market, with a total market cap falling more than 40% from its record.

After the company said, in April, that it would not continue with the buy-out, it returned to active market trading. That resulted in NFT Investments' share price (NFT.PL) immediately plunging from 2.4 to 1.75 on the Aquis Stock Exchange. During the last year, NFT Investments' share price has been traded from 2.275, reaching a record of 3.6, and then turning south to 1.325. At the time of writing, the price stood at 1.45.

The company has a market capitalisation of £14 million and around 1,003 million issued shares.

## Still Optimistic on Blockchain

Bixby, however, claims he still feels optimistic about the blockchain industry, especially the NFT sector that, in his words, “continues to show strong growth”.

“Despite volatile market conditions, we secured a stake in seven companies that have high growth potential and are equipped to make an impact on the blockchain sector," he said, hinting that maybe the whole story on possible further acquisitions ain’t over.

 "The NFT sector continues to show strong growth and we have a cash-rich balance sheet to take advantage of new investment opportunities to generate long-term value for shareholders and deliver a sustained increase in net asset value, which currently amounts to 3.43p per share," he added.

The company definitely did its best in only one business year. It raised £35 million before expenses through a flotation on the Aquis Stock Exchange Growth Market.
After that, it invested approximately £5.8 million in seven media start-ups and technology businesses engaged in NFTs and cryptocurrencies.

The company also gained around £1.73 million from the acquisition of NFT gaming company Kodoku Studios Ltd.
The truth is, as the metaverse grows, uses for NFTs will grow as well. Backed by blockchain, NFTs offer immutable records of originality, uniqueness, and ownership that may prove better than old methods.

The shares of the companies investing in the NFT sector will probably rise in the long-term since these companies have a bigger exposure to the whole sector, enabling equity investors to speculate on the sector's growth.


NFT Investments' Share Price Waits for the Right Moment

NFT marketplaces brings back 6.39 million results when searched for on Google. This means that you are not alone in looking for the best NFT marketplaces for 2022.

You continue to come across news of people buying digital cats, apes, in-game designs, and digital art for millions of dollars. It usually surprises you, since art pieces were typically purchased at auctions from well-known galleries across the globe. You may have asked countless times where people keep getting these digital collectibles. Do not worry, Moni Talks has got you covered when it comes to the best NFT marketplaces to buy digital arts that suit your investment preferences.

Since the second half of 2020, non-fungible tokens (NFTs) have sailed on. Many traditional investors, and cryptocurrency holders, are doing everything in their capacity to own and speculate on these blockchain-based assets that are verifiable, indestructible, indivisible, and non-interoperable.

NFTs are digital tokens representing ownership of an asset that is scarce, whether a digital or physical item. Some of these items include real estate, in-game items, collectibles, soundtrack, and artwork.

Unlike cryptocurrencies such as Bitcoin (BTC), ApeCoin (APE), and [Ether (ETH)](/coins/eth), or fiat currencies such as the United States Dollar (USD), Euro, and the Great Britain Pound (GBP), these tokens cannot be exchanged for another.

This is because they come with unique attributes and traits that can be verified but do not have the divisibility of cryptocurrencies or fiat money.

Moreover, unlike digital assets, NFTs cannot be bought on exchanges (centralised and decentralised). Instead, you can find them on specially built online marketplaces.

## What are NFT Marketplaces? 

NFT Marketplaces are platforms where digital collectibles can be displayed, stored, traded, and minted in some cases. These marketplaces are to NFTs what exchanges are to cryptocurrencies and e-commerce websites such as Amazon and eBay are to goods and services.

To be eligible to partake in the activities of these marketplaces, you need to meet the following requirements.

Firstly, you must have a crypto wallet. There are several crypto wallets out there. You should also note that there are several NFT blockchains in the market, as of May 2022. Therefore, the onus falls on you to find a wallet that can access the blockchain network of the NFTs you wish to purchase.

A great example can be attributed to planning to buy or sell NFTs on the blockchain technology of Ethereum. You'll need a wallet like [MetaMask](https://metamask.io/) since it facilitates access to the Ethereum Network. In the same way, should you choose to buy or sell NFTs on other blockchains, you need to find wallets that grant access to those networks.

Secondly, you must have a certain amount of coins in the wallet. You cannot buy cryptocurrencies without fiat or other coins as deposits. In line with the same requirements, you need to deposit coins in your wallet before you can buy, sell, or mint a non-fungible token. More importantly, you will have to check the kind of cryptocurrencies supported by your preferred NFT marketplace before settling on a particular platform.

Lastly, you need to create an account. If you want to buy cryptocurrencies, you must create an account on exchanges that support a particular token. Inferring from the same activities you perform in the crypto space, you need to register for an account on the NFT marketplace of your preference.

In the crypto finance space, you can never do away with fees.

The same holds for listing and creating NFTs. You have to pay a blockchain network fee. There is a not a one-size-fits-all approach and, as a result, you should know your fee is dependent on the blockchain you use for your NFTs. Ethereum has the lion's share of NFT dApps, but it has relatively higher fees than other NFT blockchains.

## What are some of the NFT Blockchain Options?     

Ethereum is the most popular blockchain for decentralized finance (DeFi). Vitalik Buterin’s innovation has the largest blockchain by NFT sales volume. As of May 3, 2022, the total NFT sales volume generated by Ethereum was around $24.99 billion, per data retrieved from CryptoSlam.

This makes Ethereum the most popular chain to buy, sell, and create unique digital collectibles.

Aside from Ethereum, competing NFT blockchains include but are not limited to; Solana, TRON, Polygon, Flow (by Dapper Labs), Polkadot, Algorand, Avalanche, Ronin, BSC, WAX, EOS, Cosmos, Hedera Hashgraph, Cronos, Palm, Arbitrum, Panini, Tezos, Waves, and Fantom.

Interoperability is the hallmark of most of these blockchain systems. For example, you can use ERC20 tokens (Ethereum-based tokens) such as the United States Dollar Tether (USDT), the United States Dollar Coin (USDC), and Binance Coin (BNB), DAI, and others to buy Ethereum-based-non-fungible tokens.

On the other hand, blockchains such as Flow are not interoperable. You can only buy NBA TopShot NFTs with the native asset of the Flow ecosystem, FLOW.

## How Do These Marketplaces Work?

### Register for an Account 

Although there are slight differences when signing up for an account on an NFT marketplace, the main steps are similar.

It involves creating an account and connecting a supported wallet address to your preferred NFT marketplace.

Usually, you can find the "sign up" button at the top right-hand side of the homepage of an NFT marketplace.

Since you know the importance of holding onto your private keys and your passwords, you will be asked to input secret details of your wallet. Once done, your account will be fully set up.

### Buying a Non-Fungible Token 

There are several ways of buying an NFT. You can buy a digital collectible directly at a fixed price. What's more, you can buy an NFT through an auction. In some instances, owners of an NFT are open to negotiating the price of their digital collectibles.

### Selling a Non-Fungible Token 

Selling unique collectibles is more complicated than buying them. Selling NFTs is easy if you are reselling previously purchased items. Unfortunately, if you are selling something you have created, you need to go through a lengthy process.

•	Firstly, you have to upload an image of the digital art, tweet, or soundtrack onto your preferred NFT marketplace. Then you enter a fixed price for the NFT or entice buyers to battle for the piece through an action.
•	Secondly, verification of the NFT is done by the platform. If this is approved, the digital collectible will be listed for sale.
•	Lastly, once a seller accepts a bid for the NFT, the marketplace oversees the completion of the item's transfer from the buyer to the seller.

### Minting a Non-Fungible Token 

Ethereum is the best place to start if you are considering minting NFTs. You'll need an Ethereum wallet like Coinbase Wallet, TrustWallet, or MetaMask that supports Ethereum's token standard for NFTs.

Minting NFTs come at a cost. Therefore, you should have at least $50 in your wallet to cover Ethereum gas fees.
Once you have this, you can access NFT Marketplaces such as Mintable, Rarible, or OpenSea. A "Create Button" is typically found on the top right corner of most platforms.

Once you click on that button, you will be taken to a page where you can begin minting NFTs.

## What are some of the best NFT Marketplaces? 

There are several types of NFT marketplaces. Art-oriented and universal platforms dominate this market. Others, such as niche NFT marketplaces that list virtual real estate, digital collectible cards, and in-game items, are also preferred by millions of people.

Let us look at five of the most popular NFT marketplaces in addition to other honorable mentions.

•	OpenSea: • Launched on December 20, 2017, OpenSea is an online p2p marketplace where NFTs in the form of digital arts, in-game items, and other products can be bought and sold. As one of the most established universal NFT marketplaces, you can find domain names, virtual worlds, sports collectibles, and trading cards. It is the largest NFT marketplace by trading volume.
•	LooksRare: • Launched in January 2022, LooksRare has given strong competition to OpenSea. When you consider data from Dune Analytics, this NFT marketplace recorded more than $800 million in a single week in April. Having spent four months as a platform for buying and selling NFTs, Otherdeed, Bored Ape Yacht Club, and Mutant Ape Yacht Club are the top collections on Looksrare.
•	Foundation: • Founded in February 2021, Foundation has become the go-to NFT marketplace for several creators. This is the playground for collectors, curators, and artists to experience the new way of buying, selling, and minting digital collectibles. Some of the top-selling Foundation (FND) NFTs include Carpoolers, At World’s End, Lucid Journey, Faced Fears, and Arrived.
•	Rarible: • Launched in 2020, Rarible is one of the most patronized NFT marketplaces in the crypto stratosphere today. Data retrieved from Dune Analytics shows that Rarible trails only OpenSea, LooksRare, and Larva Labs in weekly volume. It is an NFT marketplace where millions of people create, sell, and collect digital items. It is one of the few NFT marketplaces controlled by community members through their ownership of RARI tokens. Some of the top collections include but are not limited to CyberBrokers, CloneX, Mutant Ape Yacht Club, Bored Ape Yacht Club, Invisible Friends, Dippies, Azuki, and Dour Darcels.
•	Nifty Gateway: • Founded in 2018, Nifty Gateway is one of the largest NFT marketplaces. This platform holds the record for the most expensive digital collection ever sold. For $69 million, Beeple sold its collection labeled Everydays: The First 5000 Days. Beeple also sold Crossroad for $6.6 million on this platform. Other best-selling digital collectibles include Tpunks and CryptoPunks.

## NFT Marketplaces: Honorable Mentions

Although the NFT marketplaces already mentioned are some of the best platforms to buy digital collectibles, they are not the only ones. Others, such as SuperRare, Larva Labs, GameStop, NFT Launchpad, Crypto.com, DraftKings, and WAX, have great collections.
 
## What are some of the best NFT art collections? 

Once you settle on the best NFT marketplace that can oversee your activities, you have to find an NFT collection to invest in.
Although there are hundreds of collections in the market today, Moni Talks would like to draw your attention to the top five NFT collectibles by all-time sales volume.

•	Axie Infinity: • This NFT marketplace hosts in-game characters from the play-to-earn game called Axie Infinity. On the platform, players earn rewards by breeding, battling, and trading digital pets called Axies. Axie Infinity’s game has become a source of passive income for millions of people. As of May 2022, Axie Infinity has surpassed more than $4 billion in sales volume.
•	CryptoPunks: • This is a collection of 10,000 unique punks. Each CryptoPunk is different and can be officially owned by a single person. It is one of the highest-selling digital collectibles. Overall, CryptoPunks has surpassed more than $2 billion in sales volume.
•	Bored Ape Yacht Club: • Mirroring CryptoPunks and other projects that came before it, BAYC comprises 10,000 unique bored apes. They come in the same template but have different accessories. BAYC is the third-highest selling NFT collectible with more than $2 billion in sales.
•	Mutant Ape Yacht Club: • Mutant Ape Yacht Club (MAYC) is the sister project of BAYC. As of the most patronized digital collectibles, it is the fourth-highest selling NFT with more than $1 billion in sales volume.
•	Art Blocks: • As a unique platform, this project helps you pick a theme or style you like and make payments. Then, a random generation version of your selected style will be created by an Art Block algorithm which will be forwarded to your Ethereum account. Millions of people have taken advantage of this technology. As of writing, Art Blocks as an NFT collection had more than $1.2 billion in sales.

Others deserving of honorable mentions include NBA Top Shot, Azuki, The Sandbox, Meebits, World of Women, Decentraland, Valuables, and Sorare.
 
 



NFT Art Marketplaces: A Beginners Guide

A decentralised blockchain DNS server is a system that registers, manages, and resolves domain names on the blockchain.

The server works like a conventional DNS server with one major difference, decentralisation. Decentralisation enables blockchain servers to work without the inconveniences of conventional DNS servers, which include intermediary interferences and control.
Conventional DNS Server

The conventional DNS server works like a public directory stored on a network of computer servers. It translates domain names, humanly understandable addresses, into IP addresses, which are understandable by machines.

The problem with conventional DNS servers is their centralised nature. Data from the servers are distributed worldwide but are managed by different organisations hierarchically. There is the first level, also known as the root level, managed by registries, and the second level, which registrars operate.

Big names like Google, [Amazon](https://www.amazon.com/), GoDaddy, NameCheap, and Cloudflare currently dominate the domain registration space. They register and rent domain names to users in a centralized manner that is neither private nor democratized. The services can choose at any time to delete or remove a customer’s domain. Their centralized nature also leaves them vulnerable to cyber-attacks like hacking.

## How a decentralised blockchain DNS server works

A decentralised blockchain DNS server relies on blockchain technology for the security and privacy of users’ data.

Blockchain operates as a data structure distributed through a decentralised network. The technology lives on nodes, computers run by participants on the network. It features no central authority.

Once on the blockchain, data is encrypted and stored immutably. It is also time-stamped for easy auditing. Tampering or deleting data on the blockchain is an impossible task for many hackers.

The decentralised nature of blockchain makes it hard for powerful entities like governments to influence the use and regulations of decentralised blockchain DNS servers.

## Qualities of decentralized blockchain DNS servers

•	Availability: A decentralised blockchain DNS server suffers no downtime. It is available 24/7 for the benefit of users.
•	Integrity: Blockchain ensures decentralised blockchain DNS servers are incorruptible. Data stored on the servers is always secure from corruption, modification, or deletion. 

•	Confidentiality: Encryption ensures users' data on decentralised blockchain DNS servers is only accessible to users and those they wish to share it with. No one, government, company, or organisation, can access users' data.

## Conventional DNS servers vs Blockchain DNS servers

How blockchain DNS servers can solve some of the problems plaguing conventional DNS servers

Conventional DNS servers are controlled by a few organizations, governments, and companies. These third parties have the power to control internet services. They can censor and block internet usage. Companies that register and rent domain names can at any time delete or remove customers' domains.

Blockchain DNS servers work without the need for intermediaries. Users of the servers don't have to worry about internet censorship or blockage. Domain name holders don’t have to worry about losing their domain names at any moment and without any apparent reasons why.
The centralised nature of conventional DNS servers leaves them vulnerable to cyber-attacks and corruption. Hackers only need to hijack a few servers or corrupt a few controls to compromise the systems.

Blockchain DNS servers function without a single point of failure vulnerability. The system operates on a decentralized network that is almost impossible to hack. Its immutability nature means data cannot be corrupted once on the network.

Conventional DNS servers are not privacy-focused. Data from the servers can be tracked and collected to be sold for advertisement purposes.
Blockchain DNS servers are highly encrypted for privacy. Only those with access to a blockchain network can view and modify data. There is no tracking or collecting of users' data on a blockchain DNS server.

Conventional DNS servers are also susceptible to downtimes when one component of the whole is not working as the resources are hierarchical.

Blockchain DNS servers work without the possibility of inconvenient downtimes. The servers don't operate based on a hierarchical structure. They operate on nodes that are unlikely to suffer a downtime simultaneously.

## Types of Blockchain DNS

Blockchain DNS is available as a browser extension or stand-alone software. Some of the browser extensions used to access blockchain domains include FriGate, Blockchain DNS, and PeerName. FriGate is designed for Google Chrome, while Blockchain DNS is designed for Firefox. PeerName is available for Chrome, Firefox, and Opera.

Popular Blockchain DNS software includes Namecoin, Blockstack, HandShake, Emercoin, Stack, Alaoha blockchain DNS, and Unstoppable Domains.

## Final word

Decentralised blockchain DNS servers offer internet users a better way to register, manage, and resolve domain names. Thanks to blockchain technology, DNS files become harder to modify, delete, or corrupt. The files are also protected against censorship by governments.

Decentralised blockchain DNS servers may not be as popular as conventional DNS servers, but they offer many benefits that make them worth it.

For more Learning resources, see [here](/articles/learn-moni).


Decentralised Blockchain DNS Servers Explained

If you don't know, "smart contracts" are self-executing contracts with predetermined rules. They are stored on the blockchain and can be used to automate the exchange of money, property, shares, or anything of value. Smart contracts are created using programming code, and once uploaded to the [blockchain](/articles/learn-moni/what-is-blockchain), they become immutable and irreversible.

## All About Smart Contracts

The term "smart contract" is understood as a computer protocol used to facilitate, verify, or enforce a contract. They can be used to track assets throughout their lifecycle, from creation to destruction.

Nick Szabo first proposed smart contracts in 1996 as a way to enable secure transactions without the need for third-party intermediaries. Today, smart contracts are used to streamline various business processes, from supply chain management to land registry.

The use of smart contracts can help to reduce costs, speed up transaction times, and increase transparency. Traditionally, when buying a car from a dealership, you would need to sign a contract and then make a payment to the dealership. With a smart contract, you could instead send your payment directly to the smart contract.

The smart contract would then release the funds to the dealership once the car has been delivered. This kind of transaction is more efficient and reduces the chances of fraud or dispute.

## How Smart Contracts are Changing the Blockchain Landscape

Smart contracts are important innovations in the blockchain space. By allowing for the execution of contracts and transactions without the need for a third party, smart contracts are set to revolutionise how we do business.

For example, smart contracts streamline supply chains, ensuring that goods are delivered on time and that payments are made promptly. They can also be used to create immutable records of transactions, preventing fraud and protecting data.

In addition, smart contracts can be used to create Decentralised Autonomous Organisations (DAOs), which are autonomous organizations that do not have a single entity in control.

The possibilities for smart contracts are endless. They are already starting to change the way we think about blockchain technology.

## Businesses Already Using Smart Contracts

Smart contracts are quickly becoming a popular tool in many different industries. They allow businesses to streamline a wide range of processes, reduce costs, and securely store and transmit data. Some examples of businesses already using smart contracts include online retailers, financial services providers, transportation companies, and healthcare providers.

Online retailers like Amazon use smart contracts to facilitate secure payments between buyers and sellers. With smart contracts, shoppers can purchase items quickly and easily without going through the intermediary of a payment processor like [PayPal](https://www.paypal.com/im/home) or Visa. This reduces costs for merchants and helps to ensure that transactions are faster and more secure.

Similarly, financial services providers are also turning to smart contracts to streamline processes within their organisations. For example, investment firms can use smart contracts to automate the transfer of assets among different parties, thereby maximizing efficiency and minimising the potential for errors or delays.

Likewise, insurance providers can use smart contracts to automate the management of payouts in the event of claim settlements or damage assessments. Overall, it is clear that smart contracts have vast potential to improve businesses across all industries.

## The Future of Smart Contracts

They are an integral part of blockchain technology, serving as the foundation for all transactions on the blockchain. These contracts use programming logic to execute various actions, from completing simple tasks like tracking payments to complex operations such as updating smart property records.

The advantages of smart contracts are numerous, ranging from increased security and efficiency to streamlined processes and decreased transaction costs. As the technology continues to develop, smart contracts seem poised to play an increasingly important role in the future of the blockchain.

Whether used for financial, legal, or other purposes, smart contracts will be crucial in powering smarter and more connected systems worldwide. 

Given their growing popularity and significant potential benefits, it seems likely that smart contracts will only become more prevalent in years to come.


Latest Moni

#BLOCKCHAIN | Page 2

Read the latest crypto blockchain news

Crypto Valley: Hub for Blockchain

Metaverse Games To Make Money: A Guide

NFT Investments' Share Price Waits for the Right Moment

NFT Art Marketplaces: A Beginners Guide

Decentralised Blockchain DNS Servers Explained

Smart Contracts are Revolutionising Blockchain

Dash or Litecoin? Crypto Comparison

How to Buy Altcoins

BTT Crypto: BitTorrent Token Price