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What is the Future Plan of Soul Token in 2021


SOUL Token is a community-driven cryptocurrency that aims to make it easy for crypto investors/holders to contribute to their favorite social causes and help those in need anywhere in the world.

The SOUL Token project team intends to help charitable organizations around the world through donations made with the support of token holders, investors, and users.

SOUL Token is a DeFi token built on the Binance Smart Chain. It is a futuristic cryptocurrency that will help contribute to the most in need. The idea behind the development of the SOUL token is to help charitable institutions with easy & real-time access to funds in times of need.

Here, we discuss the project roadmap to understand the current progress and future plans of the project.

SOUL Token Roadmap - Future Plans & Timeline

SOUL Token IDO/ICO is in process and will end on 28th June 2021.

Q3 2021


Release of the token:

SOUL Token is currently under development and is expected to be released in the third quarter of the current year.

Initial Marketing:

Before the token release, the team will start marketing the project and the token through different online channels, social media, forums, etc. This will help build a community around the project.

Increase liquidity through investors

The team is actively inviting retail and institutional investors to contribute to the project and become a partner to ensure liquidity in the token price. You can buy the token from the website http://soultoken.fund/

Adding to Trust Wallet Repository

During the same period, the token information, code, development details, etc. will be added to the Trust Wallet Repository for everyone to see and access freely.

Whitepaper release

The team is currently working on the SOUL project whitepaper and will most probably launch it in the third quarter of the year. The whitepaper will have full project details, including goals, market research, objectives, token details, tokenomics, future plans, team information, etc.

CoinMarketCap & CoinGecko listings

After the token launch, SLT will be first listed on CoinMarketCap and CoinGecko websites, which are two of the leading crypto listing platforms.

Q4 2021


Listings on Centralized Exchanges

After a successful ICO and once there is an adequate number of investors, the SOUL token will be listed on top centralized exchanges to commence trading.

Promotions through official news channels

Now, the full-fledged promotion of the project and token will start. We will hire a dedicated marketing team using the funds raised through the ICO. The team will be responsible to promote the token via official news/media/community channels.

First major donation through official charitable entities

The first major donation by the team will be made to those in need through official charities.

Launch Soul Token Merch store

About the same time, the official Merchandise store of SOUL token will be launched, allowing our users to buy interesting stuff directly from the brand store.

Release donation proofs on the website

Following up on our commitment to complete transparency, we will release donation proofs on the website for all investors and users to see.

Q1 2022


More Listings on major Centralized Exchanges

After the successful commencement of SLT trading on major exchanges, we will keep listing the token on more centralized exchanges to allow more and more investors to easily buy & trade the token.

Second major donation through official charitable entities

During the first quarter of 2022, the team will make their second major donation to the most in need through official charitable entities. The proof for the same will be posted on the website at a later date.

Increase marketing campaigns

The team will continue to expand its marketing programs to reach more and more users, investors and crypto enthusiasts worldwide and to establish SOUL token as an authoritative digital currency in the industry.

Website upgrade with live price data and donations schedule

A major update on the website will be released in 2022, which will allow users to see live token price data along with a schedule of ongoing and upcoming donation events.

To know more or to invest in the SOUL Token ICO, visit the website http://soultoken.fund/

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However, the requirements of distant workers in various businesses have exposed new phenomena, known as Hybrid Office for several decades. The Internet has been present. The Hybrid Office Infrastructure has become a pillar of the new paradigm within a few months. More organizations have made modifications to support this tendency, which is becoming the new standard. Fortunately, there have already been some new trends in software technology to address most of the demands of a hybrid office infrastructure service. DevOps and Business Intelligence The IT sector has also evolved with transformational commercial solutions. As the new technology adapts procedures in Expert DevOps software development, IT integrates a cross-functional workforce, creating a wonderful atmosphere for balanced innovation. DevOps and BI are therefore here to serve the best and this year are the hottest developments in the software business. Big Data Big data is an important part of the industry; it was particularly important in the fields of health and automotive. Instead of saving data on the spot after each computation, the current advances in software technology are allowing data processing. The processing in the batch is also on the watch. Cybersecurity Cybersecurity is a pioneer where the primary aim and driving factor for organizations are constant growth and change, establishing confidence amongst their customers. Cybersecurity framework may also be facilitated by controlled user access, firewalls, data, and app security, data analysis, and machine learning algorithms. Compliance Legislative changes are being introduced with new technologies in software development. Governments must change processes and treaties immediately to address both advances and hazards of immediate access to data. Companies that add more categories of products or expand to new markets should continue to comply with local taxes. In addition, the compliance activities and the coding of available niches for IT personnel have been expanded. Emerging Technologies Emerging technologies are committed to innovation and are among the latest software trends. They allow creating and building goods in a short period of time as part of complicated solutions. AI/Ml A more outstanding new AI/Ml technology can be hard to identify amid trends in the software business, such as artificial intelligence and machine training. Their fields of use are rapidly unfolding. The triumph of AI in the financial and film sectors was achieved in 2021. It is utilized for forecasts of investment. It demonstrates excellent performance evaluating movie screenplays and calculates high accuracy in box office revenue. Human Enhancement Human increases are utilized to strengthen the body's biological performance. Sensory implants, prostheses, and exoskeletons improve physical sensations through nerve stimulation. Human growth is also one of the technologies to be used in the near future to include artificial intelligence. In order to maintain pace with the enemies, AI agents will be given information to the military Space Force commanders. IoT The Internet of Things is a network of physical items with integrated technology to connect, identify or interact with external surroundings. The Internet of Things. IoT is now looking to the industrial sector. It has started something modest as smart home and consumer-focused devices. A digital revolution of the production and supply chain areas is allowed through new IoT-based installations. AR/VR Augmented reality (AR) was originally a fun virtual real-time add-on in text or media layer that adds value to the interaction between the user and the actual environment. This technique differs from simulation, which requires the display of a digital screen. Starting to pave the road for AR to become a navigational tool in the automobile sector. The driver presents the current speed and route directions on the windshield of a car. 5G A newcomer to the new technologies family is 5G and How Can 5G Transform the IT and Software Development Industry?. It is the cellular standard of the following generation after 4G. The new system architecture includes core network cut and edge calculation and aims at a maximum of 20 Gbps and 10 Gbps of downlink and uplink throughputs. 5G is strongly dependent on sectors like intelligent cities and defense installations that need greater security attention. Quantum Computing Quantum calculation works on subatomic particles in the quantum state. Qubits can process tremendous computational complexity in their superposition. The technology is, however, not yet available to the public. Quantum computing will be used in the financial and security industries in the near future for portfolio analysis. Many ideas are being implemented into cryptocurrencies and Blockchain after quantity encryption as well. Blockchain Blockchain is still taking the globe. Blockchain covers sectors beyond finance (Defi) and government via the three pillars known as decentralization, transparency, and immutability. In sectors such as supply chain management, Blockchain has fresh beginnings. Custom Blockchain development technology will give a reliable picture of the glass panel to move the goods from producer to dealer. Summery Many believe that after being encouraged to shift, one is no longer comfortable with the usual rigidity that defines how it all works. The trends in the software business modestly shaped the new goals of softly upgrading finance, SMBs, SMEs, and the enterprise level, governmental, medical, automotive, and energy sectors, among others in 2021, with a constant public desire for new technologies, whether for work or personal uses. In each of these sectors in 2022, we will pursue ongoing growth and change.
An Overview of Blockchain in Retail Banking and Retail Industry
Blockchain has gone from an obscure innovation to the seat of a technological revolution very quickly. People still debate its viability. But proponents of blockchain know that this public ledger system can change the way we view the world. From an initial standpoint, blockchain has direct financial applications. With the cryptocurrency market gaining steam, it is subject to immense volatility. After all this is said and done, it is general consensus that blockchain is here to stay for the long term. Studies suggest that the general public will completely accept this new tech by 2025 or even earlier. This makes it all the more necessary to adapt and assimilate blockchain into the various industrial sectors. One such prominent sector is the retail industry. The retail industry is growing at an all time high. Burgeoning demand, availability of products, and market penetration have grown several fold due to online shopping. So how does blockchain fit into the picture? Michael Carney, principal at Upfront ventures, says blockchain and decentralized systems give retailers an opportunity to drive efficiency, maintain authenticity and establish an advantage. It can help build trust with customers, minimize paperwork, and increase transparency across the process. The four major ways blockchain can impact the entire retail industry are listed below. https://www.aciworldwide.com/-/media/images/general/blockchainforretailers1.pngh=387&w=1042&la=en&hash=4320F495B9D82352AD5FF7266F5F64016C36484A The retail industry is one of those which requires and consists of the supply chain which has numerous parties involved within the procedure like manufacturers, suppliers, retailers and the end consumer. Blockchain in retail Industry: eCommerce and retail banking Here are some of the cases for which the retail industry needs a blockchain for the better and free flow of Blockchain in the entire retail industry including retail banking. Blockchain in retail banking Retail banks deal with individual customers by providing them with basic banking services like savings and transactional accounts, mortgages, loans, card payments, overdrafts, etc. this entire process of giving, taking and transferring money from one account to another and vice-versa comprise a lengthy process. It includes lots of paperwork and involves third party interference. Since blockchain technology introduces a decentralized ledger, it stores a bank’s or financial sector’s complete transaction history across multiple controlled-access computers replicating a breadcrumb trail of banking activity that is impossible to edit, delete or update. Blockchain in retail banking reimagines many of the core workflows in finance and banking, from records keeping and cybersecurity to currency, debt and equity management. And banks have only begun waking up to its potential. Some of the banks that are already harnessing the power of blockchain technology are JP Morgan Chase, Goldman Sachs, Bank of America and others. Role of blockchain in retail banking The foremost and obvious benefit of blockchain in retail banking is the technology can manage, approve and log any transaction instantaneously. In addition, it directly contrasts today’s often manual authentication, verification and data-sharing finance workflows banking and finance professions still rely upon to carry out transactions. Also, in retail banking an average KYC request in today’s date usually takes between 30 and 50 days to review and then go for further approvals. A blockchain system allows approved users to access the same data system instead of every bank and third party vendor maintaining siloed customer data portals and having data duplication for each order. It expedites verifications, netting more than $160 million in KYC cost savings annually. When it comes to borrowing loans, loan syndication activities take a 21 days journey from loan application to loan disbursement. However, this particular process can immensely benefit from blockchain. With blockchain, loan activities are safer, quicker, as well as traceable, again reducing admin overheads, third-party approvals, data duplication and instances of human error. With smart contract blockchain, core pieces of a contract are also visible, irreversible and indisputable. But that’s not the end! Blockchain offers many more unlocked benefits to the entire retail industry. Blockchain in retail industry When it comes to the application of blockchain in the retail industry, there is a need to accurately reflect the different steps in the supply chain and the transfers of ownership and product transformations at each stage. Quicker in transaction Blockchain reduces the time taken to complete a process, thus making it much faster and easier. When placing an order under a blockchain-based platform, the ability to make payments is quicker and there is not any delay either. The supplier or distributor or vendor receives the payments immediately as soon as the transaction is made. This allows them to verify and confirm the order placed with transparency. The order is sent out for delivery and it also reaches the customer at the right time and place. Logistics also become much more efficient with the use of blockchain as the decentralised network encourages effective peer to peer connection. The supplier can make connections with local logistics easily when the demands are higher. If there is any replacement to be made or refunds, with the help of blockchain, the time period of waiting to get these refunds is also faster. No central authority In retail and eCommerce, there is too much involvement of third party entities in every operation that takes place. Any process starting right from the order placement till delivering to the customers’ end is composed of many central authorities like banks, legal systems, etc. The important operation where third party involvement influences the customer the most is during the payment gateway. This is because when payments are made through a third party bank organisation, a particular charge is levied on the customer for using the banking services. This discomfort is solved when payments are made through blockchain because there is a direct connection between peers. Hence, there is no extra price imposed on the customer as there is no involvement by any other party other than the parties involved in the transaction. Trust among users Blockchain operates on a decentralised network allowing all data stored to be visible and available to everyone involved in the operation. This creates an environment where there is no malpractice or miscommunication. No information is lost in the communication channel as blockchain provides a direct peer to peer connection. Peers can keep a track of each and every transaction and operation due to systematic arrangement of data with the help of blockchain. This creates trust among the users and scrutinizes any data or information. Because of the decentralized network, one cannot make changes in the network easily. This offers transparency to the user or customer providing them with an evidence of where the product or service is sourced from. This creates an environment of trust where the user has knowledge of what is happening between suppliers and their products of service. Seamless supply chain management Blockchain provides a hassle free supply chain management to all retail and eCommerce business entities. This is because of the ability of blockchain to record every data and transaction digitally. This allows the information to be accessible anywhere and anytime which further allows the owners to track their products or service. Since blockchain operates in a decentralized network, if a change has to be made, the complete network system has to be changed. Hence, this is a way of creating a strong network between the owner and the manufacturer. With blockchain, inventory management is also efficient due to real-time data storage. It also helps to make smarter decisions. Laserfiche is an organization that provides records management edition (RME) to manage digital records for the ecommerce and retail sector. With such services, there is an open transparency in digital records stored in inventory for retail sectors. This will help retailers to manage their shelves based on reliable real-time data. Also, Provenance - another blockchain-based organization that aims to create an open transparent digital record of every inventory item for the retailers. Based on accurate real-time data, this will help retailers control their shelves and manage stores. Digital Payment Processing Blockchain was initially used as the framework for digital currencies such as bitcoin. These cryptocurrencies offer attractive advantages over traditional modes of payment. With blockchain, retailers can start accepting payments in the form of digital tokens. Especially in cases where the regular transactions either don’t work or need way too much processing to even be viable. Another complimentary benefit would be the trail left behind by this new mode of payment. Whenever a cryptocurrency transaction is made it leaves an end to end trail that can easily be traced back to its source. This will drastically reduce the burden on the accounting department of big firms. Instant payments, instant refunds, instant settlements can be deemed possible with blockchain. Cross border payments and micro transactions are more easily handled via digital currency. Also when large amounts are transferred from offshore, blockchain makes it easy to store and record. A few startups have taken strides in this direction. TenX, a startup in Singapore has successfully connected the Visa wallet to the digital wallet. Thus, allowing consumers to use their Visa cards for payments. BitPay has integrated bitcoin and the sales point, allowing retailers to accept digital payments. Closing thoughts The adoption of blockchain technology in the retail industry will allow transparency and traceability – giving customers choices and confidence in retailers they can trust. Retailers can ethically consume the required data without compromising the customer in any manner. This will surely improve public relations and brand imaging as well. A blockchain-based solution can provide product authenticity and quality by building trust between consumers and retailers and within the entire retail supply chain. If you are looking to integrate blockchain solutions in your retail operations, do not hesitate to contact our blockchain experts.
LocalBitcoins Clone Script to Start Crypto Exchange like LocalBitcoins
Building up your very own bitcoin exchange website is a troublesome undertaking. Yes, You generally need proficient assistance that can control you with a total procedure for making a local bitcoins clone website. Attempt to search in for some all-around constructed and rich-included clone script specialist organization to build up your website. The motivation behind why you should fabricate a local bitcoins clone website It has a high market top and is expanding step by step. Bitcoin and different Cryptocurrencies gain the ubiquity method of installment move. The vast majority of the individuals began acquiring cash by means of bitcoins. Similarly, Localbitcoins Clone Script accomplishes you to start your own Bitcoin exchange website like LocalBitcoins. The clone script permits local purchasers just as global exchanges. Clients can purchase and sell any cryptocurrency and pay the particular party with fiat or some other cryptocurrency. This Local Bitcoin Clone Script encourages you to make and deal with your exchange site. It's likewise useful to individuals who claim their own websites for presenting to you an extra salary. Make your Bitcoin exchange business website with a sheltered escrow application. Bunches of B2B enterprises are furnishing local bitcoin script with escrow application. Along these lines, choose the privilege bitcoin escrow script will consistently lead your bitcoin exchange business to a triumph level. To locate the best specialist organizations to work with, attempt these four strategies. Local Bitcoins Clone Script Highlights 1. Escrow Wallet –Escrow script shields dealers from deceitful purchasers by requiring the Bitcoin to be stored forthright. 2. Two Factor Authentications –We will offer two-factor validation for purchasers and vendors in the market to assemble local bitcoins clone websites. 3. Localbitcoins application and Wallet Development –Creating your Local Bitcoin wallet for putting away your Bitcoins and different cryptocurrencies in a protected and secure way. 4. Multi-cash support –This wallet bolsters practically all the prevalent cryptocurrencies like Bitcoin, Ethereum, and so forth and enables you to store more than one simultaneously in a similar wallet. 5. AML/KYC –Localbitcoins offer a total answer for KYC and AML including ID check, revealing, and re-accommodation the board. Where would you be able to get the script to begin a Local bitcoin exchange website? BlockchainAppsDeveloper is one of the best Cryptocurrency exchange development company in United Kingdom. They incorporate all the most recent highlights like multi-way confirmation, Propelled CMS, Coordinated wallet, different cash paring, and Rest local bitcoin Programming interface, and so forth. They have an incredible tech group to build up your local bitcoin clone website, and furthermore give the best help and support to your Bitcoin exchange business. Undeniable Reasons to Choose BlockchainAppsDeveloper Local Bitcoins Clone script 1. Automatic exchange and introduce installment exchanges 2. Accept Numerous Installment Alternatives 3. Safe and dependable administration 4. Prevention of deceitful exchanges 5. The exchanges are quicker and exceptionally secure 6. User-accommodating dashboards will permit purchasers and merchants to exchange easily. Contact Us & Get a Live Demo Of LocalBitcoins Clone
How To Create A Secure IoT Network To Guard Your Connected Devices
IoT has created a bridge between the physical world and the Virtual World. With all conviction, we can expect IoT as an indispensable part of our lives. But as the IoT implementations are growing, the security concerns are also growing at the same pace. And Today, being a leading IoT service provider, we are going to share how you can create a secure IoT network that will keep your connected devices as safe as possible. Steps To Create a Secure IoT Network Let me tell you very straight that securing the IoT network doesn’t require a completely new or complex set of ideas and principles. The core lies in the best practices while designing the IoT solution.  As there are many small to big things considerably, We can say IoT security is a multi-faceted effort that requires big moves as well as small adjustments to ensure networks, data, systems, and devices are protected.  What is Security By Design? Security by design is a practice that ensures security as a crucial consideration at all stages of product creation and deployment. Often in the IoT developments led by speed and other priority factors, the security considerations are included late in the design and prototyping phase. That results in security breaches. It’s important to remember that as devices and their firmware get obsolete and error-prone in time, they may become an attractive target of bad cyber actors. Hence, it’s crucial to manage the lifecycle of security devices and cloud spectrum to reduce the attack surface. The sad part is that most of the time, robust and long-term security strategies are overlooked during IoT implementations. Security is not a one-time activity, rather an evolving part of the IoT ecosystem that should support IoT deployments’ lifecycle in: Adding new devices and decommissioning others, Onboarding to new cloud platforms, Running secure software updates, Implementing regulated key renewals, Maintaining large fleets of devices. All these activities require comprehensive management of identities, keys, and tokens. To avoid time-consuming and expensive services in the field, IoT Security lifecycle management solutions must facilitate updates remotely while executing them across large scale device fleets. Now let’s see the Security concerns in two popular forms of IoT: Tips To Secure Consumer IoT Devices Smart speakers, domestic appliances, connected toys, and smart locks are all potentially vulnerable if not properly secured by design and during their expected lifespan.  For example, someone who owns a Google Nest Hub and other Xiaomi Mijia cameras around his home claimed that he received images from other people’s homes, randomly, when he streamed content from his camera to a Google Nest Hub. There are many such examples where the design loopholes have caused many consumers more harm than good. The good news is that ETSI recently announced ETSI TS 103 645, the first worldwide standard for consumer IoT security. This sets a benchmark for how to secure consumer products connected to the internet and aims to promote best practice. Additionally, here we are going to share tips that will help you in designing a secure IoT network for your consumers and smart homes. Know Your Network and The Connected Devices – When we put together several devices over the internet that potentially leaves your entire network vulnerable. It’s common to lose track with an increasing number of equipped devices. Hence it’s essential to know your network — the devices on it and the type of information they’re susceptible to disclosing.  Assess the IoT Devices on Your Network First, know which devices are connected to your network, audit your devices to understand their security posture. While selecting devices check for newer models with stronger security features, etc. Further, before making a purchase, read up to understand how much of a priority, security is, for that brand. Input Strong Passwords to Protect Your Devices and Accounts Use strong and unique passwords that will assist you in securing all your accounts and devices. Get rid off the common passwords like “admin” or “password123.” Make use of a password manager, if needed, to keep track of all your passwords. At the same time ensure that you and your employees don’t use the same passwords across multiple accounts and be sure to change them periodically. Choose a Separate Network for Your Smart Devices Separating networks is a smart way to protect your smart devices in the IoT network. With network segmentation, even if attackers discover a way into your smart devices, they can’t access your business data or sniff on that bank transfer you did from your personal laptop. Reconfigure Your Default Device Settings Usually when we receive our smart devices they are packed with default insecure settings. And things become worse if we do not modify their configurations. As weak default credentials, intrusive features, ports and permissions need to be assessed and reconfigured as per your requirements. Install Firewalls and Other IoT Security Solutions to Identify Vulnerabilities To safeguard your Smart homes and other consumer IoT networks block unauthorized traffic over the wire through firewalls. At the same time run intrusion detection systems/intrusion prevention systems (IDS/IPS) to monitor and analyze network traffic. This is where you can use an automated scanner to uncover security weaknesses within your network infrastructure. Use a scanner to identify open ports and review the network services that are running. Now let’s check out the key steps to protect your enterprise network against modern security threats. Steps To Protect Your Enterprise IoT Network We have seen many manufacturing industries adopting IoT and growing. However many aren’t serious enterprise security, that’s a mistake. Because we have seen that In 2018,  21% of companies reported a data breach or cyberattack due to insecure IoT devices. So do not let that happened with you and follow the steps below to protect your enterprise IoT network: Step 1:  Be alert of the risk As IoT is relatively new as compared to IT, hence some of the threats are newer and not as widely used, and make companies reluctant. But we forget that IoT security is like buying insurance. We think we won’t ever have to use it, but the odds are, we might. So it’s better to realize that with a lot of connected devices in use, we might have vulnerabilities that need to be minimized and fixed. Step 2: Design a Secure network architecture The Ponemon study found that less than 10% of organizations are confident they know about all of the printers, cameras, and building automation systems on their networks that are connected to the Internet. Hence, it’s essential to carefully design your network architecture. And protect your devices from the network, and further protect your network from the devices. Step 3: Observe Your Suppliers and Vendors Attackers are smart today, they may target you through the suppliers and vendors. So do not underestimate the vulnerability that comes along with companies you connect with.  It’s a better practice to include the security practices as part of your vendor risk management process. Step 4: Practice For the Data Breach You must prepare for an IoT data breach the same way you prepare for disasters like fire, earthquake, or other. Make a plan, have a regular drill, and keep the plan updated. It’s good to have regular exercises to test your data-breach preparedness.  How will you tackle the situation If you get breached? you should have a well-documented plan for the same. Step 5:  Control what you can, and learn to live with calculated risk It is important to realize that while you should do everything that you can do, you can’t expect to prevent everything. So learn to live with a calculated risk. For something that’s as crucial as a backdoor into your entire network, which is really what a smart-building management company represents, you really need to keep a close eye on their security practices. Step 6: Start now, and get ready for whatever comes next IoT being an emerging technology can not and should not be removed from our enterprises.Although there is risk that comes with it but like all excellent growth you need to take that risk and better prepare yourself to reduce the chances of mishappening like data breaches and others. You know new devices are coming with each passing days, hackers are becoming more creative, and the risks are getting more profound and devastating. So, Be aware and take proactive steps to secure your IoT network. And if you are looking for any other assistance in IoT services, do not forget to check our IoT services page.
Launch the Rarible like NFT Marketplace
Rarible is a well-known platform that sells a variety of crypto collectibles. It has a daily trading volume of $287,250 according to DappRadar. Overall, the Ethereum-based NFT marketplace has witnessed the sale of 180,423 digital collectibles worth $128.39 million. Clever entrepreneurs can build a customized Rarible like NFT Marketplace in collaboration with a popular app development company. What are the 2 types of auctions on a Rarible like NFT Marketplace? Single Auction - Artists can list their unique crypto collectibles for sale by choosing the Single auction option. They can upload their valuable work in the form of GIF, MP3, MP4, PNG, and WEBP files. Later, content creators finalize the price of their ERC-721 based asset. They can select DAI and USDC stablecoins, ETH, and RARI governance tokens. The Single auction for selling an NFT is held on a specific date and time. Multiple Auction - Musicians and publishers can sell numerous NFTs simultaneously through a Multiple Auction facility. They list the ERC-1155 asset on the digital marketplace, and add details like a description, the number of crypto collectibles, title, and royalty percentage. Artists pay service fees after the sale of their NFT is completed. How does a Rarible like NFT Marketplace safeguards the assets of investors? Crypto enthusiasts can protect their precious Non-Fungible tokens easily. They can use software wallets such as Coinbase Wallet, Fortmatic, MetaMask, MyEtherWallet, Portis, Torus, Trust Wallet, and WalletConnect. Importantly, the Rarible like NFT marketplace never owns the private keys of investors. Hence, no one can access the funds of traders without their confirmation or consent. Wrapping Up Entrepreneurs can create blockchain NFT like Rarible and become an important part of this booming industry. Crypto collectibles have an enormous market capitalization of $20.80 billion. Hence, do not miss out on this great chance. Get a radiant Rarible like NFT marketplace from an app development company.
How to develop the NFT Minting platform?
It is very hard to ignore the massive growth of Non-Fungible Tokens (NFTs). Both retail and institutional investors consider crypto collectibles as viable financial assets. Traders have bought a whopping 242,443 digital collectibles worth $234.11 million in the last 30 days as per the NonFungible database. Hence, it is a perfect time for entrepreneurs to launch an NFT minting platform. They can attract a huge number of artists, cartoonists, celebrities, designers, filmmakers, photographers, publishers, and software developers. How does an NFT minting software work? Artists and content creators register on the NFT minting platform. They sync their social media accounts (Facebook, Instagram, Spotify, and Twitter). Later, they set up a digital wallet on the NFT minting software. Sellers of artwork have to create a unique password or a private key. They can connect their software wallet and deposit some Ethereum (ETH) into it. This is used for paying commission for the sale of the NFT and gas fees. Later, artists upload their work through JPEG, MP3, MP4, and PNG files. Sellers should add details like a short description, price of their crypto collectible, royalty percentage, and the title for the asset. Content creators will pay the required gas fee. Generally, smart contracts list the artwork on the Ethereum blockchain network. Moreover, artists can check the status of the minting via Etherscan (the blockchain explorer of Ethereum). The transactions in ETH will be executed soon. Finally, the NFT is successfully minted and is displayed on the artist’s profile. They can open an auction and sell it for a high price in the market. Wrapping Up Above all, there are 976,048 crypto collectibles in the world according to Coinranking. Hence, entrepreneurs can be successful by getting hold of high-end NFT minting software. Contact an app development company now and witness breathtaking trading volume soon.
Tips to secure your IOT based development solutions and services
The COVID-19 pandemic and 2020 lockdown put all analyst predictions into confusion, but as the economy begins to recover, IT consumption is predicted to pick up again, including the rise of the Internet of Things(IoT). The Internet of Things is not a single category, but rather a set of sectors and use cases. According to Research healthcare, smart offices, location systems, remote asset management, and emerging networking technology would boost IoT market growth in 2021. The Internet of Things (IoT) has a lot of advantages and risks. Supporters of technology and manufacturers of IoT devices promote the IoT services as an effort to better and simplify our everyday life by connecting billions of “smart” IoT devices  (such as Smart TVs, Smart Refrigerators, Smart Air-Conditioners, Smart Cameras, Smart Doorbells, Smart Police Surveillance & Traffic Systems, Smart Health & Performance Tracking Wearable, etc.) to the Internet. However, because of consumer privacy and data security issues with IoT Devices, IT Security Professionals believe it is unsafe and too dangerous. Secure Connection People benefit from stable cloud technology in a variety of ways, from encryption to other solutions. Other options are: Improving the security of your Internet gateway Before a device boots up, it performs a stable boot, which is a software device check. Keeping the cloud-based provider’s solutions up to date on a regular basis. To protect your private browsing data from possible attacks, use a protected VPN link. Building a Secure Network Access Control should be activated on your network so that only approved devices can connect. You should take the following steps: Build a firewall. Secure your authentication keys. Install the most up-to-date antivirus software to keep your network safe and secure. Here are some IoT security solutions for the most common IoT security issues: Secure the IoT Network To protect and secure the network linking computers to back-end networks on the internet, use standard endpoint security features such as antivirus, intrusion prevention, and control mechanisms. Authenticate the IoT Devices Introduce various user management features for a single IoT device and introduce secure authentication protocols such as two-factor authentication, digital signatures, and biometrics to enable users to authenticate IoT devices. Use IoT Data Encryption Encrypt data at rest and in transit from IoT devices and back-end networks using standard cryptographic algorithms and fully encrypted key lifecycle management procedures to enhance overall protection of user data and privacy and avoid IoT data breaches. Use IoT Security Analytics  Use IoT Security Analytics Tools that can detect IoT-specific threats and intrusions that standard network security solutions such as firewalls can’t detect. Use IoT API security methods Use IoT API Security methods to not only protect the privacy of data flow between IoT devices, back-end systems, and applications using recorded REST-based APIs, but also to ensure that only approved devices, developers, and apps communicate with APIs, as well as to identify possible threats and attacks against specific APIs. Test and IoT Hardware To ensure the security of IoT hardware, set up a robust testing process. This involves detailed testing of the range, power, and latency of the IoT system. Chip manufacturers for IoT devices must also improve processors for improved protection and lower power usage without rendering them too costly for consumers or too impractical to use in existing IoT devices, provided that the majority of IoT devices on the market today are inexpensive and disposable with minimal battery power. Develop Secured IoT Apps Given the immaturity of current IoT technology, IoT application developers must place an emphasis on the security aspect of their applications by integrating any of the above IoT security technologies. Before creating any IoT applications, developers must do complete research into the security of their applications and try to achieve the best possible compromise between the user interface and the security of their IoT software. Be Aware of the Most Recent IoT Security Threats and Breach Conclusion To ensure the security of the IoT devices and applications, the device makers and app developers must beware of the latest IoT security risk and breaches.  Since the Internet of Things is also a new concept, security flaws are likely to happen. As a result, all IoT device manufacturers and IoT app developers must be prepared for security risks and have a proper exit strategy to secure maximum data in case of a security attack or data breach  Finally, all IoT device manufacturers and IoT app developers must take action to inform their staff and customers about the current IoT risks, breaches, and security solutions. Visit IoT Development Company page if you have any concerns or would like more details about it.
Launch your own NFT Marketplace Platform and take your crypto venture sky-high
The whole world has welcomed the emergence of Non-Fungible Tokens (NFTs). These unique crypto collectibles are offering more returns than other assets like bonds, debentures, gold, mutual funds, real estate, and stocks. It has performed impressively in the competitive industry. Digital collectibles have accumulated a market capitalization of $17.46 billion and $1.48 billion in daily trading volume as per CoinMarkerCap. This is the right time for aspiring entrepreneurs to initiate NFT marketplace development. The market is witnessing record-breaking sales of NFTs in the form of artwork, cartoons, domain names, fashion accessories, gaming assets, memes, music, photographs, source code, trading cards, tweets, videos, and virtual property. Various NFT Marketplace Development Solutions? Listing of NFTs in various standards - A skilled app development company will help artists mint ERC-721, ERC-1155, and TRC-721 standard assets on various NFT marketplaces. This will ensure a high price for their valuable crypto collectibles. White-label e-commerce based NFT marketplaces - Entrepreneurs can rule the booming online shopping world easily. They can acquire NFT marketplaces like eBay clone and Sweet io NFT distribution platform (integrated with Shopify). Online gaming based NFT marketplaces - It includes Axie Infinity, CryptoKitties, and Gods Unchained. Players get exciting rewards and prizes by winning different contests and tournaments. Popular NFT marketplaces - Entrepreneurs can be the trendsetter in the crypto industry by purchasing clone solutions such as Bitski, Cryptograph, Enjin, Foundation, MakersPlace, Meebits, Mintable, Nifty Gateway, OpenSea, Rarible, Solible, SuperRare, and WazirX. Crypto collectibles are bought and sold through live auctions. Interested investors make bids beforehand and the NFT seller selects the best offer. Virtual real estate NFT marketplaces - An app development company allows investors to buy and sell virtual property across different locations. It comprises clone solutions like Decentraland, Polka City, and The Sandbox. White-label sports-themed NFT marketplaces - An app development company will offer exclusive accessories and sports goods for basketball and football fans. Trained blockchain and crypto developers create clone solutions of popular NFT marketplaces like NBA Top Shot and Sorare. Social media themed NFT marketplaces - Clever cryptopreneurs can monetize content like emojis, GIFs, memes, photos, tweets, and videos. They can get hold of white-label NFT marketplaces like Momint and Xcad Network. Moreover, social media-based NFT selling platforms encourage free speech and there are no censorship-related restrictions. Creation of NFT marketplaces on several blockchain networks - NFT selling platforms can be established on numerous blockchain networks. It includes Binance Smart Chain (BSC), Cardano, EOS, Ethereum, Flow, Polkadot, Solana, Stellar, and TRON. Integration with different digital wallets - Crypto collectibles of investors are safeguarded on multiple digital wallets. These software wallets are embedded with multi-layer security measures like anti-DDoS protection, end-to-end encryption, two-factor authentication, passwords and private keys. NFT buyers and sellers can utilize wallets like Binance Chain Wallet, Brave, Coinbase, Dapper, Fortmatic, MetaMask, MyEtherWallet (MEW), Portis, Torus, Trust Wallet, WalletConnect, and WalletLink. Conducting KYC/AML verification - A reputed app development company assures a safe and trustworthy NFT trading experience for all buyers and sellers. They conduct Know Your Customer (KYC) verification for all investors. Additionally, Anti-Money Laundering (AML) checks are done for all stakeholders to prevent frauds and misuse of funds. NFT Marketing services Crypto collectibles need to be aggressively promoted to get a greater value during sales. An app development company will implement online promotional campaigns across multiple communication channels. It includes participating in discussions on crypto forums, preparation of case studies, lead generation reports, and whitepapers, publishing press releases and targeted advertisements, sharing of newsletters to investors via email, social media engagement (Facebook, Instagram, and Twitter), and promotion on other platforms like LinkedIn, Reddit, Steemit, Telegram, and YouTube. Also Read: NFT Marketing Service | How to promote our NFTs What are the lucrative sources of revenue of an NFT Marketplace? Importantly, entrepreneurs mint money from auction fees, bidding charges, a commission from sellers for each trading deal, gas fees, listing charges, minting fees, publishing of strategic ads, registration charges from artists and content creators, and transaction processing fees. Besides that, owners of an NFT marketplace earn additional income by conducting a private sale of NFTs to a small group of investors and selling multiple crypto collectibles at the same time. The Cost to Build an NFT Marketplace Platform Different factors determine the total expenditure for offering NFT Marketplace development services. It relies on the choice of basic and advanced features, hourly/ weekly charges paid to the developers, multi-platform compatibility, the frameworks and tech stack used, the level of customization demanded by the entrepreneur, and the time taken. Moreover, entrepreneurs will have to spend money on post-deployment support like API integration, fixing bugs and glitches, maintenance, software updates, and technical assistance. Wrapping Up, Above all, Non-Fungible Tokens (NFTs) are the talk of the entire world now. Particularly, its special characteristics like decentralization, indivisibility, interoperability, non-interchangeability, scarcity, and transparency have attracted millions of institutional and retail investors. Therefore, progressive entrepreneurs can grab this great chance by getting NFT marketplace development solutions. Moreover, owners of a crypto collectible selling platform will witness a rapid surge in profits, revenue, and trading volume. Hence, allocate resources for NFT marketplace development now and experience the benefits of unmatched growth soon!.