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The main categories of NFTs include: 1Digital art; 2Collectibles; 3Decentralized finance (DEFI); 4Games; 5Metaverse (virtual world); 6Sports; 7Domain names; 8Trading cards.[1]Â The regulation of NFTs in the United States depends on the specific rights and characteristics of NFTs. If NFTs meet the characteristics of securities, such as investment contracts, then NFTs need to be regulated […]
A dApp is an application built on top of a decentralized network, consisting of a smart contract backend and a user interface frontend. dApps are “permissionless,” meaning anyone can use them freely. In fact, many dApps include smart contracts written by others. They are also transparent and “trustless,” meaning anyone can verify their authenticity and […]
Common vulnerabilities in smart contractsMuch of the work in contract audits involves checking contracts for security vulnerabilities. Many vulnerabilities use advanced techniques and strategies to drain funds. For example, market manipulation can be combined with vulnerable smart contracts to conduct flash loan attacks. To discover these problems, auditors of smart contracts will decipher the testing […]
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Application of Sports Web3 Smart Contracts:1. Digital Sports MascotsNFT form, digital art creation. Each physical mascot corresponds to a digital mascot with a unique identity in the virtual world. Mascots are one of the most important sports digital assets to be developed for all sports events and belong to sports digital collectibles.2. Event resultsBlockchain evidence […]
The term “NFT” once swept the world during the virtual currency bull market in 2021, and defeated “Crypto” and “Metaverse” to become the representative word of the year in the “Collins Dictionary”. The world’s highest-priced NFT “The Merge” was sold for as much as $91 million. As the cryptocurrency market entered a bear market in […]
Smart contract audits are a detailed analysis of a protocol’s smart contract code to identify security vulnerabilities, poor coding implementations, and inefficient code, and then propose solutions to address these issues. Smart contract audits help ensure the security, reliability, and performance of Web3’s decentralized applications. During a smart contract audit, a team of security experts […]
