Author: Damocles

Damocles is a self-imposed web3 nomad with a background in journalism and education. Having served as a freelance writer for three years, he decided to focus on one area he loves: the blockchain industry. He enjoys the drama, controversies, and pleasant surprises of this growing arena, pumping him to write more daily. To this day, he still considers himself a newbie who is dead set on honing his skills and being more involved in web3 projects.

Pokemon on web3 steroids is probably one of the best ways to describe Genopets, the first move-to-earn (M2E) game, which has made waves in the blockchain and fitness scene. The game has set the standard for the growing niche that blends gaming, fitness, DeFi, and even non-fungible tokens (NFTs). Through the gamification of workout processes, Genopets incentivizes users to complete their fitness routines since their pets will also level up with them, on top of accruing monetary rewards. Does it sound too good to be true? Right off the bat, we’ll tell you that although it is free for all…

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Creating an non-fungible token (NFT) project on a flexible blockchain like Solana shouldn’t be hard. Yes, there is some programming involved, but with the amount of free open-source tools being built, coupled with the vibrant and helpful community within Metaplex, you could literally start your NFT journey today and launch something in less than two weeks. Make no mistake, running an NFT project is no walk in the park, but the ratio of potential earnings to difficulty is incredibly higher than most projects you can build these days. Many creators have walked away with millions of dollars; some of which…

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They see me walking, they hating. Thanks to the elements of incentives and gamification, legions of people have finally gotten out of their homes to either walk, jog, or run to earn cryptos and compete with friends and strangers. It appears that the advent of move-to-earn is finally here. But “walk-to-earn,” the newest sub-niche in the move-to-earn space, may also be walking, or rather stepping closer into popularity. With a specific market that is less enthusiastic with intensive exercises and leaderboard rankings, this new service can be a potential hit for them.  If you’re one of these people and might…

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The crypto community was rocked by yet another unfortunate news, this time with the arrest of the alleged developer of the notorious crypto-mixing platform Tornado Cash. Dutch authorities have arrested a 29-year-old developer in Amsterdam and hinted that more arrests might follow after the incident.  Tornado Cash is an Ethereum-based crypto mixing service that can jumble crypto transactions’ sensitive details such as origin, destination, and counterparties to prevent anyone from tracing them. Essentially, it allows users to send Ethereum and other transactions anonymously. While it seems harmless, web3 bad actors have used this platform and other privacy-enhancing tools to conduct…

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This coming September, the era of Ethereum “killers” might actually come to an end, as the world’s second-largest blockchain network is about to ship what is arguably its greatest upgrade since its inception after repeated delays. The Merge, which is set to make the layer-1 platform environmentally friendly, could silence many of its current critics. And while this news is certainly exciting for multiple reasons, we are also concerned with the high number of misconceptions being permeated across web. To our surprise, these myths are actually being peddled by various crypto blogs and so-called “crypto education” platforms, who are either…

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Does the metaverse require a blockchain? Or can it work without it? The short answer is yes, virtual worlds can indeed exist without blockchain networks, but they’d have to be powered by a different system, and won’t work the same way. Here’s why. The metaverse’s journey towards its true identity is an exciting saga in and of itself, as it becomes the new battleground for Big Tech to assert its dominance in the emerging space. In fact, Apple and Meta are currently in a deep philosophical and economical battle over how the metaverse should or should not be. And with…

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As the metaverse draws closer to reality every day, the non-fungible token (NFT) space has also evolved along with it. It may have started out as a money-making playground or a money-laundering scheme, but that’s just noise in the grand scheme of things. The truth is that it is a cultural shift that transcends the limitations of what we call property or assets. Today, web3 natives are starting to seek communities of like-minded people, who have the same values and could vibe with them online. It’s no longer just about “number go up” anymore, although realistically, a lot of people…

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Ethereum’s struggles with its network have allowed other Layer 1 blockchains to compete and deliver the solutions people want. One such platform is Solana, which proved to be a worthy competitor by offering an eco-friendly consensus mechanism, fast transactions, and low fees. But it seems that the promising competitor is now struggling with critical issues, including repeated platform outages and resource exhaustion, putting its long-term competitiveness in limbo. These struggles have opened up opportunities for a new breed of blockchains built on a special programming language called Move. Aptos is one of the most promising developments in this arena, currently…

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Some non-fungible token (NFT) creators ask whether it is possible to list the same NFT on different marketplaces. There are many reasons why you may feel like this is a good idea. The most common logic would be to have more exposure to your works. For instance, if you list your NFT on OpenSea, Rarible, and SuperRare, you’ll get more eyes on your creation than just listing it on OpenSea alone. But a problem arises when people from different marketplaces buy your NFT, as your other listings will become invalid, which could end up ruining your relationship with marketplaces. If…

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As the metaverse remains to be a vague concept, the consequences of an avatar’s “death” in virtual worlds raise a bigger question. What happens when you die in the metaverse? Of course, you as the ‘user’ would still be alive in the real world, or at least, we hope that remains to be the case. But in all seriousness, what are the consequences of metaverse death? Apparently, there is a lot of debate going on around this topic, and the answer isn’t as cut and dried as we want, but there are many individuals and organizations seriously exploring these issues.…

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