Posts tagged with "wallet"

Hunter Abramson via Otter PR for use by 360 MAGAZINE

NFT Ticketing on the Blockchain

Many have claimed that the NFT craze has come and gone, but that couldn’t be further from the truth. Rather, NFTs are currently experiencing an evolution — the next stage in their development from a digital asset class that derives its value from its novelty, to one that boasts a genuine use for consumers and businesses. This next stage of NFTs has the potential to disrupt numerous industries, starting with the event ticketing industry.

When NFTs were first introduced to broader consumer markets, they were little more than a few strings of code connected to a JPEG image. “Although hardcore blockchain investors found value in these digital assets, convincing the general public that these assets were worth anything to them was a significant challenge,” explains Hunter Abramson, CEO of innovative NFT ticketing company Relic Tickets. “That is, if you could even get the average person to understand what an NFT was in the first place. But with newer NFTs, it is much easier to show consumers why they are valuable and important.”

Recent trends have seen a shift towards “utility NFTs,” or NFTs that have some real-world value associated with them beyond their value as digital assets. From Bored Apes that serve as their holder’s membership card, to NFTs that can be redeemed for some exclusive reward, these utility NFTs have been taking the world of blockchain by storm. As Abramson tells us, NFT ticketing is only the latest innovation to apply the technology in exciting ways.

The utility of NFT tickets

From the perspective of the user, NFT tickets function virtually the same way as a standard digital ticket. To attend an event, ticket holders simply scan the ticket on their phone and then enter the event in question. What makes an NFT ticket different for the user is what occurs once the event has ended. After the ticket is scanned, it becomes an NFT in the holder’s Ethereum-based crypto wallet, which can then be kept as a digital souvenir, traded, or sold to other users.

The main similarity between live events and NFT projects is that they both depend on a strong community to succeed. Concerts are attended by a group of fans of the performing musician, giving NFT projects a built-in audience. These fans are the type of people who will sometimes spend hundreds of dollars on tickets or tour merchandise, so the digital collectible that is their NFT ticket has an intrinsic value to them.

However, the purpose of NFT tickets is not just their utility to consumers — they also provide safety provisions for both consumers and event organizers that are simply beyond the scope of standard ticketing procedures. The inherent security features offered by blockchain technology will remedy many of the complaints those on both sides of ticketing transactions have about the safety of their tickets.

Many of the ticketing industry’s issues can be attributed to the fact that the technology currently being used is quickly becoming out of date. QR code technology was invented almost 30 years ago, and barcode technology decades before that. Although some more traditional facets of ticketing will still be useful in the next stage of its evolution, such as revolving QR codes, since the industry has been mostly dependent on the same tech for so long, it’s time for a change.

Making the ticketing situation even more urgent is that both consumers and enterprises suffer from the existing technology’s shortcomings. For example, if consumers are scammed, they lose money and are upset at having received a fraudulent ticket that will render them unable to attend a particular event. For the event organizer, that scammed consumer is a ticket that could have been sold, but ultimately equates to lost revenue. 

Furthermore, consumers are more empowered than ever to speak out about their frustrations with technologies in the most powerful way possible: with their wallets. “If a potential customer does not feel comfortable making a ticket purchase because they don’t think that the transaction is safe enough, they simply won’t buy the ticket,” explains Abramson. “Consumers have dozens of events to choose from. If you aren’t investing in the safest, most up-to-date ticketing technology as an event organizer, you risk losing sales to your competition.”

Why NFT tickets are safer

Consumers will recognize the benefits of NFT ticketing for the safety of their transactions, especially its potential to reduce fraud. Fake QR codes and barcodes can be produced, but blockchain code cannot be faked. Given the publicly verifiable nature of blockchain technology, NFT ticket holders can rest assured knowing they hold a genuine ticket to an event.

NFT ticketing also virtually eliminates the possibility of scalping. “Scalpers attempt to purchase tickets at a massive scale to resell them at prices above face value, leaving people who genuinely want to attend without the opportunity to see it,” Abramson adds. “Blockchain technology prevents these scalpers from buying up tickets at massive scales by keeping a verifiable record of every transaction. If certain buyers are acting with malicious intent, event organizers can know.”

However, this does not mean that the secondary market is eliminated. In fact, NFT technology enables a much safer secondary market in which fans can buy and sell tickets from one another without fearing whether or not the transaction is genuine. Once sold, sending a ticket is easier than ever, simply changing hands between Ethereum wallets.

Additionally, from the perspective of event organizers, it is much safer to know exactly who holds these tickets at any given time. Every time a ticketing transaction occurs, it is added to the blockchain. Event organizers can then access these blockchain records to communicate important information with attendees, or even keep track of who will attend the event for safety reasons.

NFT ticketing is the proverbial lightning in a bottle for both the world of blockchain and the ticketing industry. By using the technological advantages of blockchain and NFTs to address the needs of an event ticketing agency that has been running on life support for so long, companies like Relic Tickets are breathing life into both. The result is a ticketing experience that is not only far safer for consumers and event organizers, but one that also offers them unique value in the form of a digital NFT collectible.

Cryptocurrency illustration by Heather Skovlund for 360 Magazine

Cryptocurrency × NTFs

By: Heather Skovlund-Reibsamen

Cryptocurrency × NTFs

In recent news, Tautachrome Inc. has announced its patent attorney’s opinion on the early applicability of its KlickZie patents. The KickZie application will enable users to capture images that are invisibly marked and verified as the original. The owner of the image or video will have the ability to use, sell, and monetize their images. A simple tap on the image will allow users to communicate with the image’s author or others currently viewing the image. The patent is among many in the market of NFTs (Non-Fungible Tokens).

Cryptocurrency Breakdown:

Understanding cryptocurrency can be a headache! It is best to research thoroughly before investing your hard-earned money into just any digital asset. Let’s start with the basics: what is cryptocurrency?  Crypto, crypto currency, or cryptocurrency is a digital asset designed to work as a medium of exchange where individual coin ownership records are stored in a ledger existing in a form of computerized databases using strong cryptography to secure transaction records, control the creation of additional coins, and to verify the transfer of coin ownership. Now, cryptocurrency does not exist in a physical form, like your wallet filled with dollar bills.

Crypto Coins – Altcoins: Tokens, cryptocurrencies, and other forms of digital assets that are NOT bitcoin are known as alternative cryptocurrencies.

A few examples:

  • Peercoin
  • Litecoin
  • Dogecoin
  • Auroracoin
  • Namecoin

Tokens: Created and given out through an Initial Coin Offering, or ICO – much like a stock offering. Crypto tokens are a blockchain account that can provide functions other than making payments. Tokens are usually issued within a smart contract running on top of a blockchain.

  • Value tokens (Bitcoins)
  • Security tokens (to protect your account(s))
  • Utility tokens (designated for specific uses)

What does it mean when a cryptocurrency forks?

Sometimes a cryptocurrency will ‘fork’ and yes, that does sound confusing. It can be broken down into Forks, Hard Forks, or Soft Forks. Forks can be classified as accidental or intentional. An accidental fork happens when two or more miners find a block at the same, or almost same, time. The fork is then resolved when subsequent blocks are added and one of the chains becomes longer than the alternative. The network then abandons the blocks that are not in the longer chain, then referred to as orphaned blocks.

Hard Fork: A hard fork happens if a protocol or rule is changed so that the old protocol version is no longer valid.

Soft Fork: A soft fork occurs when a protocol or rule is changed, and the old version accepts the new version; enabling it to continue working.

What exactly are NTFs?

 A non-fungible token is a unit of data within a digital ledger called a blockchain. This is where each NFT can represent a unique digital item and are not interchangeable. A blockchain is a growing list of records (blocks), that are linked using cryptography. Each block has a cryptographic hash (a mathematical algorithm that maps data), a timestamp, and transaction data.

NFTs can be used to represent digital files such as audios, art, collectibles, sports, pornography, video games, and other forms of creative work. While copies can be made of these creative means, the NFTs representing the original are tracked on their underlying blockchains; therefore, providing the buyers with proof of originality and ownership.

In order to create an NFT, a file is uploaded to an NFT auction market. This creates a copy of the file recorded on the digital ledger as an NFT. This enables it to be bought with cryptocurrency and then resold. The artist can sell an NFT representing the work and still retain the copyright to the work as well as create more NFTs of the same file.

In addition, the buyer of the file does not gain exclusive access to the work or the original digital file. Unfortunately, a seller does not have to prove that they are the original artist either. There have been many cases where are was used for NFTs without the true artist’s permission.

Most Common Types of Cryptocurrency

Bitcoin: Invented in 2008 by a person or group using the name Satoshi Nakamoto. The currency began being used in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency leading the way for many others in the years to come. Bitcoins were created as a reward for a process known as mining (record-keeping service done electronically). Bitcoins can be exchanged for other currencies, products, and services.

Bitcoin Cash: A spin-off or altcoin of Bitcoin that was created in 2017 eventually splitting into two cryptocurrencies – Bitcoin Cash and Bitcoin SV. Bitcoin Cash is one of the most popular types of cryptocurrency on the market and holds a block size of 8MB. To compare, Bitcoin’s block size is just a mere 1MB. This means Bitcoin Cash processes at faster speeds for its users.

Litecoin: A peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin is nearly identical to Bitcoin. Created by Charlie Lee to improve on Bitcoin technology, with shorter transaction times, lower fees, and more concentrated miners. In May 2017, Litecoin became the first of the top 5 cryptocurrencies to adopt Segregated Witness – a soft fork implementation change in the transaction format of Bitcoin.

Ethereum: A decentralized, open-source blockchain with smart contract functionality developed by Vitalik Buterin. Ether (ETH) is the native cryptocurrency of the Ethereum platform. It is the second-largest cryptocurrency by market capitalization. Ethereum is also the most actively used blockchain. It focuses on decentralized applications (phone apps) – almost like an app store. Ethereum looks to return control of apps to its original creators instead of the middlemen (like Apple, for instance). The token name is Ether, which is used as currency by app developers and users.

Ripple: A real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc.  Ripple was released in 2012 upon a distributed open-source protocol that supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value (frequent flier miles, for example). Ripple is geared more towards large companies and corporations than it is for individual users. Ripple is well known for its digital protocol because it allows large amounts of money in any form to be transferred.

How Bitcoin can Positively Impact Your Small Business

Bitcoin (BTC) is the most popular cryptocurrency that is present in blockchain technology. This means all the transactions that are made with bitcoin are stored in a ledger that consists of different blocks in the blockchain. The majority of the people only heard about bitcoin, but they don’t know about it in detail. Also, there are plenty of aspects related to BTC which you must know in order to make a deal with it. 

Bitcoin trading is the act of buying bitcoin at a low rate and then reselling it at a higher rate to make profits via the margin. It’s crucial to choose a reputable platform. There are numerous platforms present, and among them, all the best one is the https://bitcointrader2.com. It’s well known for Ethereum (ETH) trade but its facilities also trade other cryptocurrencies. By making a deal with BTC, everyone becomes able to trade it and gains the potential to earn from it. Everyone needs to understand the importance of the platform they use while performing BTC trade.

Major impacts of Bitcoin on small businesses

The main impacts that the Bitcoin can have on small businesses are:

Reduce the risk of transaction fraud

One of the major impacts of bitcoin on small businesses is that by accepting it as payment, the risk of fraud or cyber threats are reduced. The entire payment process is based on blockchain technology which provides high-level security. Also, as it is a digital payment system, so there’s no risk of losing money like when you have cash in your pocket.

Transaction speed is fast, and fees are low

When small businesses invest in bitcoin, they receive low fees on all transactions. Whether the transactions are huge, the amount of fees remains low, and there is no tax required. The transactions made with BTC are also completed fast. They require only 2-3 seconds, unlike in the case of other currencies that require a few days.

Acquisition of new customers

When small business start accepting bitcoin payments, they tend to gain more customers. It’s because the number of people who are investing and trading cryptocurrencies are increasing day by day. They are in search of the best platforms for investing or making purchases. 

Negligence of paperwork of all kinds

There is no need to make a deal with any kind of paperwork which they have to pay with other currencies in the bank, etc. Its because it is a digital payment system, so users only have to require their wallet and the right address at which they have to make payments.

Easy access to the world market

Once a business starts accepting bitcoin payments, it gains access to the word market easily. Bitcoin helps them to save time and money on transactions, which is more time and money to use to grow your business.

Bitcoin can Benefit Your Business

Trading Bitcoin can be a daunting task. It’s important for people to learn about the basics of trading Bitcoin to get top-notch results. Moreover, individuals should take time to learn tips and strategies to become successful in bitcoin trading.

The most important thing for beginners to pay attention to is selecting the most reputed exchange for buying BTC as well as choosing the best trading platform. You need to look for a reputed and reliable platform where you are getting top-notch services. Using this knowledge you can make good profits but easily improve your business. 

Vitalik Buterin illustration by Kaelen Felix for 360 magazine

Vitalik Buterin × Ethereum

Vitalik Buterin, the 26-year-old Russian-Canadian and inventor of Ethereum, has amassed both wealth and fame as one of the most influential figures in the world of cryptocurrency.

A blockchain is a series of transactions that is based off of the other. A record of cryptocurrency transactions takes form, made up of code. This allows for decentralized governance and more secure transactions, because a third, intermediary party is not involved in the transaction. The transfer went from point A to point B (with many microscopic jumps in between). Thus, no data mined. This is what the blockchain platform, Ethereum, is made out of.

This disrupts the way we think about the internet, and the idea was coined by a 19-year-old. 

Buterin co-founded Bitcoin Magazine in 2011, which he wrote for until 2014. A noted fan of Bitcoin, Buterin set out to improve the cryptocurrency. According to Nathanial Popper of the New York Times, “the most basic aim of Ethereum was to make it possible to program binding agreements into the blockchain—the smart contract concept. Two people, for instance, could program a bet on a sports game directly into the Ethereum blockchain.” Once an official winner is declared, the money would automatically be allocated to the winner. 

In 2013, Buterin published a white paper advocating for what was just his idea at the time, the blockchain platform known as Ethereum. Venture capitalist Peter Thirl then granted him a $100,000 fellowship, which allowed him to drop out of the University of Waterloo in Toronto, and devote his time completely to his idea, which is now worth more than $43 billion.

It is obvious that Ethereum and Buterin have a bright future ahead of them—and blockchain technology, even more so.

According to Matthew Braga of Canadian Business, “major financial institutions are already showing interest in blockchains.” If companies were to commit to Ethereum, they would become much more democratic. Executives would no longer call the shots, but rather, pieces of secure, man-made code would behave transparently in accordance with the consumer’s wishes.

And they have. In 2017, Popper reported that approximately 30 companies would form the Enterprise Ethereum Alliance. Now, the EEA functions with a global developer community of more than 3,000 contributors. Their mission is, according to the EEA, is to “enable organizations to adopt and use Ethereum technology in their day-to-day business operations.”

Nipping at Bitcoin’s heals, Ethereum holds immense promise.

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Rita Azar illustrates fashion article for 360 MAGAZINE

Tips For Supporting Ethical Fashion 

There is no time like right now to make the switch to ethical fashion, with the report Future of Consumer Demand showing that the vast majority of Americans place a high importance on buying goods that are ethically produced. When it comes to fashion, the exact definition of ‘ethics’ is difficult to provide, since it extends to a wide array of issues – including fair working conditions, sustainability, support for upcoming creators, animal welfare, and fair trade. A recent Futerra survey showed that around 90% of consumers in the U.S. and the U.K. want to make a positive difference with each purchase they make. They feel that their actions can be part of a big wave that reduces pressing problems such as global warming. If you are ready to start supporting companies that are ‘giving back’, what qualities should you look for in your chosen brands?

Ethical Working Conditions

If you are drafting a list of fashion and accessory companies you would like to start supporting, spend time getting to know their policy on working conditions. For instance, if you are buying luxury gems such as diamonds, ensuring they are conflict-free and ethically sourced is key. More than 99% of accessible diamonds meet Kimberley certificate standards. However, this certificate is a logistic document that states a rough diamond was exported from a specific country under the stipulations of the Kimberley process. It does not tell you if the mine a specific diamond was obtained from provides local jobs or funds opportunities for diverse groups such as women. Therefore, inquiring about these matters can help you make a decision when considering various brands or jewelry houses.

A Passion For Sustainability
It is very easy to see which brands are 100% committed to lowering their carbon footprint. Truly green brands such as Stella McCartney have been raising the bar in terms of the use of organic, recycled and upcycled materials practically since their launch. Brands should do more than release the odd sustainable collection. They should have published policies regarding energy use, water saving, ethical sourcing of materials (i.e. materials should not hail from endangered forests), and the establishment of strict quality and sustainability standards. They should also commit to reducing oil-based synthetics during the manufacturing process.

Supporting Innovation

Check out the efforts made by each brand to support the Planet. Some have come up with innovative ways to put an end to problems such as plastics. Pangaia, famed for its über-chic tracksuits, use material obtained from recycled bottles. The fabric obtained is then colored with natural botanical dyes, and ‘freshened up’ with natural peppermint, which battles bacteria. Reformation (which manufactures swimwear) also creates items made with recycled plastic, while Isbjörn of Sweden uses fish trap to create resilient items that are also 100% PFC-free and bluesign certified.

Design For Life

Ethical fashion should also aim to be used by several owners so as to prolong the life cycle of every item and reduce the amount of waste that is overburdening landfills. Essén is one such label; it produces all collections in small batches, moving away from the idea of short-term trends and seasonality. The aim is for every single item to be used throughout the year, with minimalist looks holding sway in the summer and layering being embraced to stay warm and cosy during the winter. Another interesting minimalist brand is Working Title. In order to reduce its carbon footprint, this company only sells made-to-order items, meaning that every single outfit they make is fully desired and cherished. When purchasing items for a new season, go with items you think will stand the test of time. Ensure you have wardrobe essentials such as a ‘little black dress’, a white tailored top, black trousers, and a good coat you can dress up or down. You can still stay in trend, buying a couple of ‘in’ clothing items and accessories but mainly sticking to items you know will look good just as good next year as they do this year.

Choosing Durable Items

Genuinely sustainable items should be able to withstand plenty of wear and tear if it is to stand the test of time and be worn a lifetime or passed down to various users before being thrown away. Isbjörn, mentioned above owing to its innovative spirit, also has a big focus on durability. All items are made with materials built to last, and have sewn-in labels with space for three kids’ names (the aim being that every piece should be used by at least three people). The company goes a step further, offering to replace any items that are broken. Why buy a new coat when your favorite comfy coat can be repaired and look as good as new? Companies should ideally offer customers tips to increase the lifespan of clothing. These can include information on how to repair and wash items. They can also include suggestions on where to donate clothes once customers are done with them. The brand Vaude, for instance, has a free online platform called iFixit, which provides instructions on how to fix various products.

Embracing Diversity

Sustainable companies that truly desire to make a difference should take other ethical considerations into account, one of which involves embracing diversity. The 21st century is arguably the first to embrace different races, body types, and ages in advertising and fashion. Brands should do more than simply market themselves as ethical; they should also put their money where their mouth is, releasing collections in sizes that reflect the diversity of their customer base. Just a few brands that have already done so include Adidas, Apiece Apart, and Diane von Furstenberg. The latter’s iconic wrap dresses are now available in sizes 14 to 24, thanks to its recent partnership with Honoré.

If you are ready to make more eco-conscious fashion choices, a good place to start is by checking out the sustainability policies of your favorite brands. Those that do value ethical working conditions, the environment, and other issues such as animal welfare, will usually share their values with you via their website and social media channels. Be vigilant about shopping for jewelry as well, since truly ethically sourced diamonds have more to them than simply complying with the Kimberley certificate standards. When choosing a brand to support, also think about the extent to which they are truly making an effort to effect change. Efforts can range from choosing innovative materials right through to improving durability and educating customers on how to increase a product’s lifespan. Finally, this millennium is one that is firmly focused on diversity. Ethical companies should support the idea that all human beings have a right to look and feel like their best selves through the clothes they wear. Companies can show their commitment to diversity by employing models with varying ages, races, and body types. They can also make collections in various sizes so that their garments can be worn by a truly representative group of people. One of the best ways to find out more about fashion brands is to check out their websites. If they are truly serious about sustainability and ethics, they will most likely have a sustainability section in which they list the many steps they are taking to change the superficial reputation that fashion can sometimes have.

Rhea Wahlberg Launches Handbag Line Ella Grace

Let’s face it ladies. Accessories can literally make your outfit. They can add a much needed pop of color and give a boost of glam to an otherwise drab look. Now there’s a new player in the accesories game – and it’s a name that might sound a bit familiar.

Enter Rhea Wahlberg whose beautiful daughters, Ella and Grace, inspired her to create her own line of luxury, yet affordable handbags that are modern, fun and classy. Having traveled the world as a top fashion model gave Wahlberg a love and understanding of all things fashion.

Rhea is a firm believer that, “A good pair of shoes and a great bag can make any outfit amazing!”

We couldn’t agree more.

Launching in Spring of this year, Ella Grace boasts a wide array of versatile styles at affordable prices that make them wonderful holiday gifts for your friends and family. Plus, a little shopping for yourself never hurt, right?

Top Holiday Picks By Ella Grace:

Black Bucket Bag – A classic style for every day wear with a fun, edgy touch of gold studs.

Wristlet Wallet – You’ll get lots of wear with this functional design that can be used as a wallet and a wristlet.

iPhone Crossbody – Textured vegan leather embellished with gunmetal pyramid dome studs, this as stylish as it is functional. Comes with a zip pouch to carry your essentials along with aniPhone case all on a detachable strap!

Cardholder – Carry your credit cards in elegant style with this must-have case.

Mini Bucket Bag – All the perfection of the basic bucket bag, just a little smaller.

Lips Folded Wallet – Put your money where your mouth is with this adorable, sassy wallet.

Laundreez

No matter where you are headed this summer, whether it be a trip to the lake, camping for the weekend or a new travel destination, you’ll want to pack light for easy travel. Thanks to an inventive new way to wash your clothes, you can just pack the essentials because you can have clean clothes wherever you go!

Laundreez is a self-contained laundry system – no washer, no dryer needed! Just throw your clothes in the bag, add a few drops of detergents, let it sit, shake and drain. You rinse in the same bag, drain, squeeze and hang to dry.

Laundreez is also a great product for water conservation. Many international backpackers who travel to cities such as Cape Town in South Africa experience many water shortages. With Laundreez, you are not only saving money but also doing good for the environment at the same time.

When you aren’t using Laundreez to wash your laundry, the durable, waterproof bag makes an ideal place to carry a wet bathing suit or fill Laundreez with ice and use as a handy cooler. Laundreez also makes a great place to store your phone and wallet when you’re kayaking or at the pool.

More Reasons to Love Laundreez:

Wash and Go – Made with a strong, resilient PVC outer material and soft, yet durable inner mesh, Laundreez is the perfect laundry solution for traveling, when your washer breaks at home or when you don’t want to wash a big load

Great for Really Dirty and Delicate Items – With Laundreez, the soak cycle is as long as you want, so really dirty things can get a good pre-soak. You also control the amount of shaking, so it’s perfect for the most delicate of garments

Saves Money – Eliminates extra baggage fees or pricey hotel laundry services

Environmentally Conscious – Uses less water than traditional washers

Not Just for Laundry – Doubles as a cooler, waterproof storage for your phone and keys poolside, or bag for your wet bathing suit

For more information visit http://laundreez.com/