NFTs Archives | CoinPayments Blog

24 Crypto Terms You Should Know

June 6, 2022 CoinPayments

Cryptocurrency is fast becoming the most important decentralized economic force of the 21st century. eCommerce and other merchants are now adopting crypto tokens and accepting cryptocurrencies at their online stores. If you want your business to thrive in the modern market, you should consider doing the same. To jump into the crypto market and fully understand what it means, you need to know some key terms. Today, let’s break down important crypto terms you should know as an eCommerce store owner or as a user of cryptocurrencies. Miner A crypto…

The Rise of eCommerce in the Metaverse

April 29, 2022May 17, 2022 CoinPayments

The Metaverse is confusing, there’s no doubt about it. Lots of companies are throwing the term around, using it to describe what they are doing, or just trying to figure out how it fits into their business model. One thing, however, is certain. The metaverse will change the face of eCommerce and has already started doing so. What is the “Metaverse”? The term “metaverse” first appeared in the 1992 novel “Snow Crash” but recently came to mainstream popularity when Facebook announced a change in name to “Meta”. As a result…

Non-Fungible Tokens (NFTs): All You Need to Know

March 30, 2021November 7, 2021 CoinPayments

NFTs are assets minted onto the blockchain that are unique. In contrast to fungible assets, like global currencies that are mutually interchangeable, non-fungible tokens cannot be traded for something of “equal value,” as their value is dependent on market demand. Think, collectibles: whereas to some, they may seem worth next-to-nothing, to others, they can be highly sought-after products.