NFT (Non-Fungible Token) technology explained

 

 

A Non-fungible token (NFT for short) is a one-of-a-kind digital identifier that cannot be duplicated, substituted, or subdivided. It is recorded in a blockchain and can be transferred by the owner, making NFT’s sellable and tradeable. NFT’s frequently include references to digital files like photos, videos, and audio.

NFT's fall within the Crypto/Blockchain category and more broadly in Fintech (Financial techhnology).

NFT proponents claim that NFT’s provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT are not always clear. The NFT market expanded dramatically from 2020 to 2021, but prices fell sharply in 2022, with a May 2022 estimate indicating that sales were down more than 90% from their peak in 2021.

Since their inception the technology has been incorporated into a number of different projects commercial and non-commercial and used across various industries notably by artists for selling digital copies of their artwork.

Full page on our tech glossary: https://agrtech.com.au/glossary/nft-non-fungible-token/

What is a Shitcoin in the Cryptocurrency ecosystem?

 

Shitcoins are coins in the cryptocurrency space that have no inherent value and are usually scams or part of pump and dump schemes to profit in the short term, usually with current trends.

These coins are considered bad investments because they are usually fueled solely by speculation. They may hold value initially but plummet after a few weeks or months.

While the term is typically associated with scams or purely worthless Crypto coin assets, it can also be applied to any cryptocurrency based on personal preferences/opinions.

More information can be found at https://agrtech.com.au/glossary/shitcoin/

(Resource) What is a Learning Experience Platform (LXP) and how does it work

 

Learning Experience platforms are primarily AI driven pieces of software designed to help improve traditional LMS technology by focusing on the user behavior and fine-tuning the learning process accordingly with the hope of increasing engagement and productivity.

As opposed to LMS platforms that are primarily focused on the educator or business LXP places 100% of it’s emphasis on the end-user and how they consume the course material.

Whats the purpose of a Learning Experience Platform?

The purpose of a Learning Experience Platform is to offer a more personalized approach to the traditional LMS User Interface and incorporate other features like social networking to bring in a wider variety of content sources including but not limited to:

    Blog articles
    Industry articles & whitepapers
    Videos
    Audio files
    Infographics
    Podcasts and more

LXP software can also make recommendations to end-users on new course material they are interested in and present it in a way best suited to how that end-user learns best.

AI (Artificial Intelligence) allows for personalized learning for users based on their previous activity, stated goals, or inferred learning style.
An LXP may also support individual peer-based social learning. This enables users to connect with peers or experts in the same way that social networking platforms, forums and other online communities do.

Originally published here:

https://agrtech.com.au/glossary/learning-experience-platform-lxp/

Best Crypto exchanges in Australia

 

Note: AGR Technology may receive a commision on sales generated by partner links on this page, but this has no bearing on opinions or evaluations and is at no cost to you. Please consult an authorised financial adviser if you are unsure whether investing is right for you or which investments are right for you.

In 2023 & beyond we can expect to see a wide variety of options for Australians looking to invest in cryptocurrencies and other digital assets – but which are the best?

We’ve researched and gathered a list of some of Australia’s top crypto exchanges. This will help you to know exactly where to go when you’re ready to take the plunge into crypto investing.

Quick takeaway:

    Coinspot exchange (Our favourite Australian based exchange)
    Binance (Our overall favourite platform all round)
    Coinjar exchange (Our second favourite Australian owned exchange)
    Crypto.com (Simplest for beginners entering the crypto scene)
    Kraken (More advanced options for traders)
    KuCoin (Largest number of supported coins)

Get ready to experience the best the crypto world offers with our top picks for Australian crypto exchanges.

This article will provide an overview of some of the leading crypto exchanges in Australia and discuss their overview features, fees, pros and cons.

Read more: https://agrtech.com.au/crypto-blockchain/best-crypto-exchanges-in-australia/