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2022 was the greatest year for NFT so far. Many people predicted that with the market slowdown NFT will eventually die out and yet in 2023 we can see resurgence of the market. In January 2023 NFT trading volumes reached nearly $1 Billion. Funds and market analysts agree that NFTs are here to stay and 2023 could be even bigger blast.
Blockchain technology has been continuously criticized for significant energy usage and a large carbon footprint. Cryptocurrency, in particular, has been a sore point with environmentalists. Bitcoin, for instance, is famed for consuming more electricity in a year than entire nations and being a reason of electricity outing in some regions of China, to the point that mining has been declared illegal.
The gaming industry is always at the forefront of technological advancements. Recently, there has been a surge of interest in Web3 gaming, which seeks to leverage emerging technologies like the Metaverse, NFTs, and blockchain, to revolutionize the industry. By incorporating these technologies, Web3 gaming can offer gamers unprecedented opportunities and benefits that were previously unattainable.
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Recently there has been many talks about Web3 and shortcomings of Web2. So why should you care about Web3 in general and Thyra in particular? Let's find out!
This is a conclusion to my series regarding Massa's solution to blockchain trilemma. I invite you to read part one about Scalability and part two about Decentralization to have a comprehensive understanding.
In part one I've talked about how Massa's Blockclique architecture solves scalability aspect of blockchain trillema and now in part two lets discuss what Massa does to be truly decentralized and why is it even an issue in the first place.
Massa is a Layer-1 Proof-of-Stake blockchain in the making. It promises to solve blockchain trilemma, that has been stuggering blockchain adoption en-masse since the inception of Bitcoin.
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