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<ul><li>Messi had also received part of his welcome package at his new club in cryptocurrency.</li><li>Messi’s NFTs are being minted on <keyword id="8921397" type="General" weightage="20" keywordseo="ethernity" source="Orion">Ethernity</keyword>, by artist BossLogic.</li><li>BossLogic has also worked with Hollywood studios for NFTs around their movies.</li></ul>Argentine footballer <keyword id="704" type="General" weightage="20" keywordseo="lionel-messi" source="Orion">Lionel Messi</keyword>, who ended his 20 plus year stint at Spanish football club Barcelona recently, has launched his own <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">NFT</a> collection. The footballer has partnered with Australia-based digital artist BossLogic for the non-fungible token that will include special images of the footballer, who is often regarded as the best in the world. While the NFTs officially drop tomorrow, the artist had announced the association on August 5 via an Instagram post. The <a href="https://www.instagram.com/bosslogic/?utm_source=ig_embed&amp;ig_rid=49632f1f-c639-4340-91f6-d61cc9e5ffce">post</a> included a digital image of Messi, along with the caption, “Been in the works for awhile, beyond honoured to work with @ethernity and with the legend @leomessi on his first official drop!” Which also confirmed that the NFTs, titled the <keyword id="11901077" type="General" weightage="20" keywordseo="messiverse" source="Orion">Messiverse</keyword>, will be auctioned via the Ethernity platform. The platform is accepting registrations for the auction right now. <div type="INSTAGRAMURL" thumbUrl="https://scontent.cdninstagram.com/v/t51.2885-15/sh0.08/e35/p640x640/238942781_298745935384487_6038795131371866834_n.jpg?_nc_ht=scontent.cdninstagram.com&amp;_nc_cat=111&amp;_nc_ohc=HFLDEBbO43AAX9X6rId&amp;edm=AMO9-JQAAAAA&amp;ccb=7-4&amp;oh=e9165afe9f67de93d6c57b1efa57a393&amp;oe=612156F0&amp;_nc_sid=b9f2ee" caption="Caption not available." user="bosslogic" cmsId="1629442366327"><url><![CDATA[https://www.instagram.com/p/CSwsexppA-E/?utm_source=ig_web_copy_link]]></url><permalink><![CDATA[https://www.instagram.com/p/CSwsexppA-E/?utm_source=ig_embed&amp;utm_campaign=loading]]></permalink><payload><![CDATA[]]></payload></div> The images in question are of Lionel Messi, portrayed as a superhero, a Greek hero and more, in his new number 30 PSG jersey. The pieces are titled Man from the Future, Worth the Weight, The King Piece and more. BossLogic is no stranger to NFTs. The artist has worked with Marvel Studios in the past and had also launched the <a href="https://decrypt.co/63544/godzilla-vs-kong-nft-first-hollywood-bosslogic">Godzilla vs Kong NFT</a> in April this year, which was billed as the first <keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword> ever to drop alongside a major motion picture. Further, Messi himself is no stranger to NFTs and <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">cryptocurrencies</a> either. The football star received his new club’s fan token as part of his welcome package to Paris-Saint Germain, the French club where Messi is expected to play out the rest of his career. The club had said that a “significant” amount of fan tokens were given to Messi, though the exact amount wasn’t disclosed. The value of the PSG fan token had also swelled ahead of Messi’s arrival at the club. Messi’s NFT drop is yet another instance of cryptocurrencies making in-roads into the sports ecosystem. While PSG is one of the leading clubs to have launched its own tokens, other large football clubs like Manchester United, Arsenal and many more have done so too. On the other hand, Indian platform Rario had <a href="https://www.businessinsider.in/cryptocurrency/news/cricket-is-jumping-on-the-nft-bandwagon-heres-how-fans-can-splurge-on-digital-collectibles-in-the-sporting-world/slidelist/85302503.cms">announced</a> that an NFT-platform meant specifically for cricket on August 15. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/coinbase-is-looking-to-expand-and-has-a-4-billion-war-chest-to-hedge-against-a-possible-crypto-winter/articleshow/85453936.cms">Coinbase is looking to expand and has a $4 billion war chest to hedge against a possible ‘crypto winter’</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/the-poly-network-hacker-behind-the-biggest-heist-in-crypto-is-now-refusing-to-return-the-remaining-funds/articleshow/85452300.cms">The hacker behind the biggest heist in crypto is now refusing to return the remaining funds</a>

Lionel Messi’s NFT crypto art collection ‘Messiverse’ is dropping on Ethernity tomorrow

<ul class="summary-list"><li>The US <keyword id="6632073" type="UNKNOWN" weightage="60" keywordseo="space-force">Space Force</keyword> will release augmented reality tokens depicting satellites, mission badges and coins. </li><li>The NFTs will be auctioned on the Ethernity Chain and Star Atlas platforms and be sold for up to $1,000.</li><li>The <keyword id="4668945" type="PERSON" weightage="60" keywordseo="nft">NFT</keyword> market has cooled off in recent weeks after prices and popularity soared earlier this year.</li></ul>The US <keyword id="41531" type="COMPANY" weightage="60" keywordseo="space">Space</keyword> Force said on Monday it will auction 3D augmented reality digital tokens depicting satellites, mission badges, coins, space suits and other memorabilia items to mark the launch of the fifth vehicle, called 'Armstrong', of Space Force's GPS Block III mission later this week. The <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" id="docs-internal-guid-872fe847-7fff-c9a8-90ef-44f6ccc32ccb">tokens</a> will be auctioned on the Ethernity Chain and Star Atlas platforms. Bidding will start as low as $1, but buyers could expect to pay up to $1,000 for rarer tokens, Cointelegraph <a href="https://cointelegraph.com/news/ridiculed-no-longer-us-space-force-will-launch-nft-line">reported</a>. These are non-fungible tokens (NFTs), which are blockchain-based <keyword id="135689" type="PERSON" weightage="60" keywordseo="digital-assets">digital assets</keyword> like images, videos or audio. They are unique and not exchangeable. Often, anyone can still view or access the asset, but only one person can own it, making them a popular item for collectors. The NFT market soared in value and popularity earlier this year as the sector grew amid the ongoing crypto-hype. <a href="https://markets.businessinsider.com/currencies/news/cryptopunk-nft-christies-auction-value-crypto-art-larvalabs-2021-5-1030419403">Auction houses like Christie's had gotten involved</a>, selling art NFTs and collectibles like CryptoPunks for millions of dollars. Digital artist Beeple broke records when one of his art pieces was <a href="https://markets.businessinsider.com/currencies/news/beeple-nft-craze-dotcom-bubble-crypto-art-digital-2021-4-1030357489">sold for around $69 million in March</a>. Despite some NFTs still bringing in large sums of money, the market has cooled off significantly. Earlier this month, <a href="https://markets.businessinsider.com/currencies/news/nft-sales-plummet-from-peak-collectibles-market-cools-crypto-2021-6-1030491873">NFT sales had fallen by 90% compared to their peak.</a> And the prices paid for NFTs have declined even more sharply, <a href="https://nonfungible.com/market/history">data</a> from nonfungible.com shows. At the peak of their popularity earlier this year, an average of over $100 million was spent on NFTs on any given day. This number is now hovering around $1 million per day. Space Force's NFTs were created in collaboration with WorldwideXR and VueXR, two digital artist companies. They include individual tokens showing memorabilia like space suits or mission badges, usually presented to those who worked on Space Force projects, but also larger <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" id="docs-internal-guid-106e9d2d-7fff-9bee-4f65-e8962a91326f">NFTs</a> like a to-scale copy of the Armstrong vehicle, or a depiction of over 30 3D satellites that are currently orbiting the earth. The US Space Force is part of the US armed forces and is a sister organization to the US Air Force. It was created by President Donald Trump to expand the country's military capabilities to space. The Armstrong satellite is a military communications satellite and will be launched in collaboration with Elon Musk's <keyword id="6360701" type="DEFINITION" weightage="60" keywordseo="spacex">SpaceX</keyword> space exploration firm. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">crypto</keyword>, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/trading-on-crypto-exchanges-based-outside-of-india-may-get-more-expensive/articleshow/83747213.cms">India is reportedly mulling over a new crypto tax which could make trading on foreign exchanges more expensive</a> <a href="https://www.businessinsider.in/cryptocurrency/news/indian-crypto-exchanges-are-eyeing-more-industry-bodies-to-expand-influence/articleshow/83742929.cms">There’s a new Indian crypto lobby in the making and Zebpay has confirmed its participation</a> <a href="https://www.businessinsider.in/cryptocurrency/news/investments-in-crypto-hit-17-billion-in-the-first-six-months-of-2021/articleshow/83740327.cms">Investments in crypto hit a new record of $17 billion, but Indian funds are yet to jump on the bandwagon</a>

NFTs to the moon? US Space Force says it will start selling digital tokens depicting satellites, mission badges and other memorabilia

<ul><li><keyword id="11928103" type="General" weightage="20" keywordseo="OpenSea" source="Orion">OpenSea</keyword> is the world’s largest <keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword> marketplace.</li><li>The company recorded over 14,000 unique wallet addresses involved in transactions over the past 30 days.</li><li>Total volume on August 23 amounted to over $1.67 billion.</li></ul>Non-fungible tokens, or NFTs, have been the rage over the past year. According to data <a href="https://dappradar.com/ethereum/marketplaces/opensea">from</a> decentralised apps tracker DAppsRadar, 30-day trading volumes for NFTs on OpenSea have topped $1.56 billion. OpenSea is the largest <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">NFT marketplace</a> in the world and recorded a volume increase of 542% over the last month, registering over half of its total lifetime trade volume of $2.423 billion during the period. The growth comes at a time when crypto markets worldwide have been witnessing an upturn after a brief slowdown since April this year. Prices of <keyword id="2420795" type="General" weightage="20" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword> like <keyword id="6354947" type="General" weightage="20" keywordseo="Bitcoin" source="Orion">Bitcoin</keyword> and Ethereum have appreciated too, with <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">Bitcoin</a> crossing the $50,000 mark for the first time since late April this year. According to DAppsRadar’s data, OpenSea recorded over 181% user growth in the last 30 days, with over 140,000 unique wallet addresses involved in transactions. Over 1.57 million transactions took place with a total volume of around $1.67 billion. <cmsannotation type="cmsannotation" annotationid="Large NFT sales driving the market" comment="subhead" text="Large NFT sales driving the market">Large NFT sales driving the market</cmsannotation> The market has been driven by big sales, not only in terms of value but also because of who is selling these NFTs. The first half of 2021 has seen NFTs being minted by pop star Katy Perry and rapper Jay-Z to the founder of the Internet, Tim Berners Lee. Lee tied up with auctioneers Sotheby’s back in June to sell the source code of the Internet. The auction eventually <a href="https://www.livemint.com/news/world/world-wide-web-source-code-nft-sells-for-over-5-million-11625195177352.html">fetched</a> over $5 million. But popular celebrities aside, NFTs have also gained prominence in sports, something that could drive a lot of new traders and buyers to the industry. Indian NFT platform, Ratio, announced a cricket-based NFT service last week, while billion dollar football clubs from all over the world have also jumped into the space. As has the United States’ National Basketball Association (NBA). In fact, NBA Top Shots follows OpenSea in the fourth spot for top NFT selling platforms in the world right now. The platform was <a href="https://www.businessinsider.in/cryptocurrency/news/cricket-is-jumping-on-the-nft-bandwagon-heres-how-fans-can-splurge-on-digital-collectibles-in-the-sporting-world/slidelist/85302503.cms#slideid=85302534">launched</a> less than a month ago, on August 4. DAppsRadar reports that the platform has handled $1.728 million in trade volumes over the past 24 hours alone, with seven-day volumes crossing $7 million. OpenSea’s growth is a boon for the industry, which has been fighting to gain credibility in different countries. Experts have <a href="https://markets.businessinsider.com/news/currencies/nft-outlook-challenges-accessibility-storage-interoperability-mainstream-non-fungible-token-2021-8">said</a> that interoperability, scalability, authenticity and storage could be a problem for platforms in future. OpenSea supports the <keyword id="2462624" type="General" weightage="20" keywordseo="polygon" source="Orion">Polygon</keyword> ETH token right now, but doesn’t support the MATIC tokens that also runs on the Polygon platform. The company could use the growing trading volumes and sales to deploy new rules for the marketplace and increase authenticity. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/cardano-is-hitting-new-high-as-investors-are-confident-about-its-upcoming-smart-contract-system-alonzo/articleshow/85486235.cms">Cardano overtakes Binance Coin to become the third largest cryptocurrency — here’s what’s driving the rally</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/lionel-messis-nft-collection-is-dropping-on-ethernity-tomorrow/articleshow/85480674.cms">Lionel Messi’s NFT crypto art collection ‘Messiverse’ is dropping on Ethernity tomorrow</a>

NFT platform OpenSea tops $1.5 billion in 30-day trading volumes

<ul><li>The <keyword id="11360567" type="UNKNOWN" weightage="20" keywordseo="wazirx-marketplace">WazirX marketplace</keyword> will run on the Binance Smart Chain and will use the company’s own WRX token.</li><li>The Binance Smart Chain was built by <keyword id="6672551" type="UNKNOWN" weightage="20" keywordseo="wazirx">WazirX</keyword>’s parent company, and one of the world’s top exchanges — Binance.</li><li>The WazirX <keyword id="125920" type="PERSON" weightage="20" keywordseo="marketplace">marketplace</keyword> is a first of its kind for India and South Asia.</li></ul>India’s largest <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">crypto exchange</a>, WazirX, today <a href="https://www.livemint.com/technology/tech-news/indias-largest-crypto-exchange-launches-country-s-first-nft-marketplace-11622485513239.html">announced</a> its own Non-Fungible Token (<keyword id="4668945" type="COMPANY" weightage="20" keywordseo="nft">NFT</keyword>) marketplace. NFTs are digital tokens that exist on a blockchain and represent ownership of digital items, like artwork, music, etc. Unlike <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">cryptocurrencies</a>, NFTs aren’t “fungible”, meaning they cannot replace each other, something Bitcoins, Ethereum, and others can do. While cryptocurrencies can be used as currency, NFTs are more like trading cards, which can be exchanged, but one card can’t replace another. WazirX’s NFT marketplace is a first of its kind for India. The company has been accepting applications from collectors and creators, and says it has received over 15000 applications already. The marketplace will include gas fees (a sum required to mint the NFT via a blockchain) of only $1 and host works from visual artist Vimal Chandran, anonymous street artist Tyler, wall mural artist Sneha Chakraborty, Montreal-based mixed media artist Ishita Banerjee, and automotive photographer Arjun Menon among others. WazirX has also whitelisted 300 creators who will be releasing their works on the marketplace later. That said, unlike most NFT marketplaces, WazirX’s platform doesn’t run on the Ethereum blockchain. Instead, the WazirX marketplace runs on the Binance Smart Chain, a blockchain platform that was created by its parent company, Binance. It uses the WRX token for running transactions, and WazirX has committed 50,000 tokens as giveaways initially. The platform will follow a fixed price model for now, and it’s unclear whether WazirX will allow bidding for NFTs in the future. Further, the platform will also have two different sections — Spotlight and Discover. While Spotlight is the curated side of the marketplace, the company said it will be releasing artworks from 50 selected artists on the Discover section every day. These will come from the 15,000 plus applications it has already received. NFT: The future of cryptocurrency? NFTs have gained prominence over the past year, after high-value sales by Twitter CEO, Jack Dorsey, billionaire Mark Cuban and more. Dorsey sold the first tweet ever for $2.9 million, while Cuban announced that he was building an NFT gallery called <a href="https://lazy.com/">Lazy.com</a>. Canadian digital artist Grimes has sold her artwork for $6 million too, while musicians Kings of Leon, became the first band ever to distribute a digital album through NFTs. While WazirX claims that the company’s marketplace is the first of its kind for South Asia, it will likely compete with popular marketplaces like Ethernity, and Valuables BY CENT. The company also said that its NFTs will be transferable to other blockchains, like Ethereum, later. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/economy/news/indias-gdp-has-contracted-five-times-since-1947-but-never-as-bad-as-7-3/articleshow/83135455.cms">India’s GDP has contracted five times since 1947, but never as bad as 7.3%</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomis-latest-wired-charging-tech-can-fully-charge-a-phone-in-just-8-minutes-and-wirelessly-in-15-minutes/articleshow/83136172.cms">Xiaomi’s latest wired charging tech can fully charge a phone in just 8 minutes and wirelessly in 15 minutes</a> <a href="https://www.businessinsider.in/tech/apps/news/google-photos-alternatives-are-hardly-any-good/articleshow/83138238.cms">Google Photos alternatives are hardly any good – here’s what made the Google service so good</a>

This Indian crypto exchange has launched the country’s first NFT marketplace — artists from India, South Asia get a new platform to showcase their work

<ul><li><keyword id="5294933" type="General" weightage="20" keywordseo="cardano" source="Orion">Cardano</keyword>'s ADA jumped more than 20% in 24 hours, its highest point since a record of $2.47 on May 16. It is now the third most valuable <keyword id="6357017" type="General" weightage="20" keywordseo="cryptocurrency" source="Orion">cryptocurrency</keyword>.</li><li>The rally in the crypto asset's value is being attributed to an update that will extend the smart contracting mechanism to the blockchain.</li><li>It’s often called “ethereum killer” because of its potential of taking on the mightier crypto with an improved smart contracting system.</li><li>The new update will open Cardano to the world of DeFi, NFT, and other automated transaction systems. </li></ul>Cardano has hit a new all-time high, <a href="https://coinmarketcap.com/currencies/cardano/">rising</a> over 20% in the last 24 hours, with its price peaking at $2.55. The cryptocurrency that is powering Charles Hoskinson’s public blockchain has regained the spot of being the third-largest crypto with a whopping $80 billion market cap. The Cardano blockchain's <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">cryptocurrency</a> is called ADA, and the system is often touted to be a direct Ethereum and <a href="https://www.businessinsider.in/investment/news/cryptocurrency-solana-and-terra-price-increase-by-40-percent-in-48-hours/articleshow/85400795.cms">Solana</a> competitor. It has surpassed <keyword id="6359140" type="General" weightage="20" keywordseo="Binance" source="Orion">Binance</keyword> Coin and is now the third most valuable crypto after Bitcoin and Ethereum. The rally in the crypto asset's value is attributed to the Alonzo Purple public test net launch. It's the final test phase of the project, which will end in the network finally getting smart contracts capability. The entire crypto market has witnessed a bullish rally in the previous week, pushing its market cap to more than $2 trillion. While <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite&amp;is_retargeting=false&amp;shortlink=BI&amp;c=site&amp;pid=Business%20Insider&amp;af_click_lookback=7d&amp;af_channel=Business%20Insider&amp;af_adset=article&amp;af_force_deeplink=true">Bitcoin</a> and Ethereum continue to lead the race, new altcoins are constantly challenging the norm. The price dips from the last two months have not seemed to affect the digital asset's price too much, as it's now back well over $2. It reached an all-time high previously in May, remaining just a little shy of $2.5. <cmsannotation type="cmsannotation" annotationid="What’s driving the Cardano rally?" comment="subhead" text="What’s driving the Cardano rally?">What’s driving the Cardano rally?</cmsannotation> The upcoming ‘Alonzo’ upgrade is driving the bullish sentiment. The development team <a href="https://twitter.com/InputOutputHK/status/1423704788512952331">announced</a> the launch of the public test net on Twitter. Incorporating smart contracts is critical for the blockchain as it introduces a range of new capabilities such as <a href="https://markets.businessinsider.com/news/currencies/defi-crypto-800-billion-industry-billionaire-decentralized-finance-vesper-2021-08">DeFi</a> (decentralised finance), <a href="https://www.businessinsider.com/non-fungible-tokens-nfts-have-taken-over-heres-why-theyre-important-2021-4?IR=T">NFT</a> (non-fungible token), automated lending, and more. <div type="twitter" handle="InputOutputHK" handlename="Input Output" image="http://pbs.twimg.com/profile_images/697397714179362818/Tpdb5FCa_normal.jpg" favoritecount="5197" retweetcount="1355" status="ALONZO UPDATE: We’re delighted to announce that we have now successfully spun up #AlonzoPurple and have today begun… https://t.co/q19wX8P0DL" createdat="1628272647000" id="1423704788512952331"></div> The new update is likely to land on September 12, and investors are confident that it'll be a game-changer. Often called the "ethereum killer," it's four times the size of Solana in terms of market cap but has little practical use-case right now. On the flip side, Japanese authorities have <a href="https://cardanofeed.com/cardano-ada-to-be-launched-on-25th-august-and-get-listed-in-japan-6986.html">permitted</a> it to float on exchanges in the country. While crypto regulations worldwide are at a nascent stage, Japan's decision is also cited as an indirect mark of due diligence and compliance. <h2 style="line-height:1.38;margin-top:0pt;margin-bottom:0pt;"><cmsannotation type="cmsannotation" annotationid="But, what are smart contracts?" comment="subhead" text="But, what are smart contracts?">But, what are smart contracts?</cmsannotation></h2> Smart or blockchain contracts are unique in the way that they ensure compliance between the two parties. Immutability is one of the most remarkable features of a self-executing contract. It means it is impossible to reverse, alter, or tamper the codes, rules, and even the transactions once programmed on the blockchain. Like traditional contracts, smart contracts are agreements between two or more parties, avoiding the need for vigilance or enforcement from third parties. It's self-executing and impossible to reverse, alter, or tamper with the code, internal regulations, and transactions. The blockchain network maintains a transparent, secure, and immutable transaction ledger that ensures proof of ownership is also established and transferable. Contract negotiation and application become far more accessible, and all the edit history of the transaction is also transparently available. Furthermore, it can also be deployed for <a href="https://www.businessinsider.in/tech/digital-currency-ethereum-is-cratering-amid-claims-of-a-50-million-hack/articleshow/52795138.cms">DAOs</a> (decentralised autonomous organisations), which require communities to be bound to specific rules coded into blockchain contracts combined with governance mechanisms. Ethereum is infamous for its smart contracting ability and was created by Vitalik Buterin and four other co-founders in 2013. Polkadot, EOS, Binance Smart Chain, Solana, and many others still compete for the throne, but none of them can defeat the industry's first mover. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/lionel-messis-nft-collection-is-dropping-on-ethernity-tomorrow/articleshow/85480674.cms">Lionel Messi’s NFT crypto art collection ‘Messiverse’ is dropping on Ethernity tomorrow</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/coinbase-is-looking-to-expand-and-has-a-4-billion-war-chest-to-hedge-against-a-possible-crypto-winter/articleshow/85453936.cms">Coinbase is looking to expand and has a $4 billion war chest to hedge against a possible ‘crypto winter’</a>

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Lionel Messi’s NFT crypto art collection ‘Messiverse’ is dropping on Ethernity tomorrow

BI India Bureau

NFTs to the moon? US Space Force says it will start selling digital tokens depicting satellites, mission badges and other memorabilia

Sophie Kiderlin

NFT platform OpenSea tops $1.5 billion in 30-day trading volumes

BI India Bureau

This Indian crypto exchange has launched the country’s first NFT marketplace — artists from India, South Asia get a new platform to showcase their work

BI India Bureau

Cardano overtakes Binance Coin to become the third largest cryptocurrency — here’s what’s driving the rally

Shivam Vahia

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