NFT Scam
NFT Scam, an emerging issue in the blockchain arena, refers to the fraudulent practices exploiting the excitement around Non-Fungible Tokens (NFTs). The scam involves selling counterfeit or unauthorized NFTs. Recent data shows an alarming increase in NFT Scams. For example, as per Chainalysis, losses attributed to NFT scams amounted to $10.7 million in 2021, surging...
NFT Staking
NFT Staking refers to the process by which holders of non-fungible tokens (NFTs) can lock up these assets in a decentralized finance (DeFi) protocol or platform to earn rewards, typically in the form of cryptocurrency or additional NFTs. This mechanism not only provides an opportunity for NFT owners to generate passive income but also helps...
NFT System
NFT Systems, also known as Non-Fungible Tokens, signify a new revolution in the world of digital assets where each token is unique and cannot be replicated. With a recent surge in popularity, the NFT market hit a staggering $2.5 billion in sales in the first half of 2021, according to DappRadar, representing an impressive leap...
NFT Trading Cards
Non-Fungible Tokens (NFTs) are unique crypto tokens that are representative of specific assets. NFT Trading Cards, in particular, have emerged as a popular application of blockchain technology in the gaming and collectible world. They are essentially digital assets that hold value and can be bought, sold, or traded much like traditional trading cards. The surge...
NFT Wallet Integration
NFT Wallet Integration refers to the process of enabling a digital wallet to support the management and transaction of non-fungible tokens (NFTs). This integration allows users to store, send, receive, and sometimes even display or interact with NFTs directly through their digital wallet interfaces. Current Landscape of NFT Wallet Integration As of 2023, the integration...
NFT Whitelist
An NFT Whitelist is a pre-approved list of users who are granted early access to purchase new non-fungible tokens (NFTs) before they are released to the general public. This mechanism not only ensures that dedicated community members get priority but also helps in managing the demand and distribution of limited-edition NFTs effectively. Significance in the...
Nic Carter
Nic Carter is acknowledged as a prominent thought leader and innovator in the blockchain and cryptocurrency space. His perspectives, insights, and contributions have significantly shaped the discourse and development within these revolutionary industries. As the co-founder of Coin Metrics, a start-up providing institutional-level cryptocurrency market and network data, and a partner at Castle Island Ventures,...
NiceHash
NiceHash is a renowned cryptocurrency platform that enables users to buy or sell hashing power. This power is essential in the mining process of digital currencies, making NiceHash a significant player in the cryptocurrency market. Understanding NiceHash Founded in 2014, NiceHash offers a marketplace for mining digital currencies. In essence, it connects sellers of hashing...
Nick Szabo
Nick Szabo is a pivotal figure in the development of digital currency and blockchain technology, best known for his concept of "smart contracts." His work laid foundational principles that have been instrumental in the evolution of cryptocurrencies and decentralized applications. Early Contributions and the Concept of Smart Contracts Nick Szabo first proposed the idea of...
No-Arbitrage Condition
The "No-Arbitrage Condition" is a fundamental concept in financial economics that asserts that the prices in efficient markets should not allow for risk-free profits through arbitrage opportunities. Arbitrage involves buying and selling equivalent assets in different markets to exploit price discrepancies for a guaranteed profit without risk. This condition is crucial for maintaining fair and...
Explore the MEXC Blog Glossary Archive to deepen your understanding of cryptocurrency and blockchain technology. This comprehensive resource features clear, easy-to-understand definitions of key crypto-related terms, concepts, and industry jargon. Whether you’re a beginner or an experienced trader, the glossary helps you stay informed, make smarter investment decisions, and navigate the fast-evolving crypto landscape with confidence. Start learning today and boost your crypto knowledge with MEXC!
