Automation, Liquidation and Reverse Logistics
Getting started in E-commerce can be a challenge as there are often a few hidden barriers to entry. As well as initial investments, supply chain management and developing an effective logistics system can often be a challenge. Automating as many processes as possible helps to save on time, cost and manpower. One of the most effective ways to introduce automation in your eCommerce business is through chatbots. There is a popular misconception that chatbots are complex and expensive to make. Ap[...]
How E-Commerce Companies Can Overcome Current Challenges (Podcast 107)
With complicated factors like inflation and supply chain delays coming into play, retail faces new challenges. While new challenges arise, the retail sector also looks to innovate and improve, adapting the current climate and facing these challenges head on. E-commerce giants like Amazon, continue to dominate, as Pyments.com reveals that Amazon’s share of US e-Commerce sales hit an all time high of 56.7% in 2021. These findings defy the logic that says it gets harder to grow a large business, [...]
Innovation, Caution and Absurdity: The NFT Space Continues to Evolve
NFTs are still the latest buzzword in the cryptocurrency space and continue to make headlines. Sales had a breakout year in 2021, and the NFT craze has pushed total NFT sales volume to $24 billion as artists, investors, and entrepreneurs descend upon the budding Web 3 space. As the NFT space matures, new challenges emerge, and innovation thrives. Want to showcase your creativity? Design and mint up to 1000 digital creations with Appy Pie’s NFT Collection generator. Make your own NFT Visa[...]
Virtual Currency [Definition, Pros, Cons, and Popular Cryptocurrencies]
Virtual currency has been growing at an explosive rate. Nearly every day new virtual currency emerges, old die, early adopters get wealthy and investors lose money. According to a report released by the Bank for International Settlements (BIS), the number of people who own virtual currencies has increased to more than three million worldwide. As per them, a growing number of people are using virtual money as an alternative to regular currencies and the trend would continue in the years to co[...]
The Internet of Things and the Power of Connectivity (Podcast 106)
In this episode, we explore the Internet of Things and the power of connectivity. The Internet of Things (IoT) describes the network of digital objects embedded with sensors and software for the purpose of connecting and exchanging data with other devices and digital ecosystems over the internet. Listen to this storyYour browser does not support the audio element. [...]
What makes NFTs valuable?
There are a few qualities that make NFTs valuable. Let's briefly discuss them. First and foremost, NFTs are unique. One of the biggest value propositions for NFTs is the fact that these are one-of-a-kind assets. Because of blockchain technology, NFTs cannot be copied or counterfeited. In addition to being identical, NFTs are also non-fungible, or unique in the way they are. Take Cryptokitties example: each kitty is different from the next. Some may be more rare than others, and some may ha[...]
What is A Smart Contract in NFTs?
A smart contract is a piece of code that is capable of enabling self-execution. In essence, it is a program that runs on the blockchain. It is smart because it can do things on its own and can run to completion without requiring human intervention. Smart contracts have existed for a long time. However, their ability to self-execute has always been limited by the fact that they relied on an external service to perform the final execution action. By definition, smart contracts are legal agre[...]
What is the Gas Fee in an NFT Project?
The gas fee is the fee you pay for every transaction. It is variable and depends on the gas price and network traffic. The higher the gas price, the more expensive it will be for you to spend money on the blockchain. The lower the price, the less expensive it will be for you to spend money on the blockchain. The reason that the network charges a fee is because you are using their computational power to run your contract or send a transaction to another address. This fee ensures that your con[...]
How to Promote Your NFT Project
The NFT market is currently experiencing significant growth and is estimated to be worth billions of dollars. This growth has been driven by a number of factors including the rise in the popularity of blockchain technology, the rise in the number of cryptocurrencies launched and the ability to create unique tokens. The need for NFTs has drastically grown over the past few years because they are more flexible, easier to create as well as maintain, compared to other kinds of assets like land, [...]
What is an NFT Drop [Everything to Know About NFT Drops]
NFTs, the new digital assets of the blockchain era, are the hottest topic at the moment. Non-fungible tokens, or NFTs, are basically tokens on the Ethereum blockchain, which allow users to interact with smart contracts. Each token is unique and cannot be replaced. They are created using an algorithm that places a unique fingerprint on each token. Today, everyone is going crazy about NFTs and don’t want to miss out on this opportunity. Some are already making a big fortune with their NFT co[...]