China 
Africa 
Explore chapters and articles related to this topic
Blockchain 2.0
Published in Akira Summers, Understanding Blockchain and Cryptocurrencies, 2022
Ethereum has also provided standards for non-fungible tokens or NFTs such as ERC721 and ERC1155 tokens, where non-fungible items can be transferred and traded. An example of this is the game CyproKitties (Axiom Zen 2021), where you breed your own digital and unique cats. You can then buy, sell and trade them as collectables.CryptoKitties are collectible and breedable digital cats. It’s the world’s first game built on the Ethereum network. When two CryptoKitties breed, their offspring’s appearance and cattributes are determined by each parent’s 256-bit genome and an element of chance, leading to 4-billion possible genetic variations.CryptoKitties was created to explore the concept of digital scarcity, implement a non-fungible token within smart contracts ERC #721, and make blockchain technology accessible to everyday consumers.(Axiom Zen 2021)
‘Just hit a button!’ – fashion 4.0 designers as cyborgs, experimenting and designing with generative algorithms
Published in International Journal of Fashion Design, Technology and Education, 2022
Natalia Särmäkari, Annamari Vänskä
The founders of The Fabricant describe their company as a paradigm shift in the fashion industry, which they perceive as conservative, resource-depleting, secretive and exploitative. Their wish is that people would use durable clothing in their physical lives, and nurture the expressive, imaginative and conspicuous layer of fashion by buying, wearing and customising digital clothes. The Fabricant collaborates with blockchain companies, resulting e.g. in the auctioning of the digital-only Iridescence dress for cryptocurrency worth $9,500, with which the brand made its name (The Fabricant, n.d.). Blockchain technology – especially non-fungible tokens (NFTs) – enables the authentication and tokenisation of digital assets, turning digital-only garments into rare collectibles and investments (Hernandez, Vogelsteller, & Sieler, 2019). The Fabricant also shares digital garments as ‘FFROPs’ (free file drops) and streams their design sessions to promote a co-creational open-source philosophy.
Mining Metaverse – a future collaborative tool for best practice mining
Published in Mining Technology, 2023
Illuvium is backed by Blockchain and provides complete ownership of in-game assets. Every successful Illuvial capture, farmed material, or crafted item is a non-fungible token (NFT) minted and stored in a crypto wallet. Each NFT is verifiable on the Ethereum blockchain, proving digital asset ownership. Having custody of digital assets provides the power to collect and trade NFTs in the Illuvium marketplace.
Hedging and safe haven properties of Ethereum: evidence around crises
Published in Journal of Decision Systems, 2022
Talie Kassamany, Etienne Harb, Roland Baz
While the two largest cryptocurrencies, namely Bitcoin and Ethereum operate on blockchain technology, the latter seems to use a far more robust ledger technology in terms of smart contracts and Non-Fungible-Tokens (NFTs), exploited by companies to build new programs. This is due to Ethereum’s potential to impact projects and processes across all industries, which has opened the door for a wide variety of unique innovations. The adoption and use cases of the Ethereum blockchain are significantly high. Hence, Ethereum has more room for growth and potential compared to various cryptocurrencies including Bitcoin and is considered a good long-term investment. Furthermore, despite the recent bear market in cryptocurrencies since May 2022, Ethereum’s value has remained relatively stable. Given its importance in terms of market cap, innovative blockchain technology, and overall popularity, we investigate the hedging and safe haven capabilities of Ethereum against the conventional foreign currencies and traditional assets such as stock and bonds indices, and commodities such as crude oil and gold. Moreover, most of the studies that examined hedging and/or safe haven properties of cryptocurrencies against real-world assets have focused on Bitcoin (Baur et al., 2018; Bouri, Molnár et al., 2017; Bouri, Shahzad, Roubaud et al., 2020; Urquhart & Zhang, 2019). This paper sheds light on the characteristics and hedging properties of Ethereum, the second largest market capitalisation cryptocurrency. It contributes to the literature on Ethereum in the following ways. First, this is the first paper to thoroughly examine the hedge and safe haven properties of Ethereum against a broad set of traditional assets. Second, it considers the biggest two financial markets namely the United States and the European ones. Third, it employs models that have been used for the first time in the analysis of Ethereum’s behaviour by mixing all real-world assets in a percentile regression analysis to examine the impact of extreme events. Finally, it uses an extended model that includes event crisis interactions (e.g. US presidential elections, Brexit, COVID-19 pandemic) to confirm the hedging and safe haven properties of Ethereum in specific and extreme events.