The advent of technology has created new industries and transformed our daily lives in a previously unthought manner. The transistor, which represents the basic block of computing, has been shrunk to microscopic dimensions, resulting in a vast growth of computing power that has enabled new technologies to take root. Additionally, advances in manufacturing technology have enabled companies to design, build, and produce gadgets that would seem like science fiction to humans living just a century ago. Two such technologies are augmented and virtual realities, both of which serve to expand the way an ordinary user can interact with others and…
Author: Cornel Caba
Cryptocurrencies are now being recognised by governments and accepted by major companies globally. Crypto coins like Bitcoin and Ethereum have helped the rise of new digital assets. One such digital asset is NFTs. In the first half of 2020, there was €12.1 million in NFT sales. This new industry combining new technology with art has skyrocketed ‘to the moon’ with €9.4 billion at the end of the third quarter of 2021. What is a non-fungible token? In economics, a fungible asset is something with units that can be readily interchanged – like money. With money, you can swap a £10…
Since Facebook rebranded as Meta on October 28, 2021, the nebulous concept that inspired the new name has been a hot topic of discussion. While it may seem that the metaverse is a product of Meta’s wild ambition, that’s not the case at all. Some would argue that the metaverse Mark Zuckerberg spent so much time describing during the Connect 2021 conference keynote already exists, while others see it as the next evolution of the internet known as Web3 or Web 3.0. In part, that’s because the metaverse means different things to different people, but it’s also because the lines between the virtual world…