The blockchain industry has been continuously growing since its inception, a lot of sectors have been added and removed all for its improvement. Sectors like Crypto, DeFi, and Nfts have been key sectors in this industry. Individuals have benefitted from these sectors in ways you can't imagine. There's surely a place for everyone.

​My main focus in this article is NFT, This sector started back in 2014 but became widely known when crypto punks sold one of its jpegs for millions of dollars. Are you an artist, Realtor, or musician, and you're looking for a way to get into the blockchain industry, then this article is for you.

I'll be uncovering answers to questions like what are nfts, benefits, and problems, how to make money on nft, how to mint nft, and giving you common terms used in the Nft space.

​NFT is an acronym for "Non-Fungible Token". For better understanding, let's take a look at what fungible and Non-Fungible assets are; A Fungible asset does not derive value from its uniqueness while a Fungible asset derives value from its uniqueness e.g A Car is a Non-Fungible asset (A Benz isn't the same as a BMW), but the gasoline it uses is Fungible (Petrol is the same everywhere).

What then is a Non-Fungible Token? A NFT is a digital asset, not a currency that uniquely ensures the ownership of digital goods or real-world items like Arts, Music, Videos, Lands, etc. Due to its transaction being recorded on a Blockchain network, this makes it hard to Duplicate and eases the tracking of rightful owners while keeping them anonymous. Although we can't have two same nfts, the creator can retain copyright and have a resale.

Benefits and Problems Associated with NFTs

Below are common benefits and problems that come with investing in nfts. I'll start with the benefits first;


Being a fungible asset that is built on the blockchain network, it's impossible to have two same nft. Each nfts have unique codes that links it to its rightful owners. Although an Nft could be mimicked by other artists or individuals, the original nfts has its unique code. For example, The Mona Lisa painting could be mimicked but the original piece has a unique traceable code.


Publishing your digital asset as an Nft triggers scarcity. One of the reasons nft has come to stay is because it increases the Value/Audience of a particular Nft/Creator. The online presence of an nft is also important, the long the nft stays the higher it gets recognition and value. Investors use this strategy of buying nft at an early and waiting till the prices increases in the long run. 


 This doesn't always mean the price will always go up. It might also decrease in value and price. 

As I mentioned earlier, there's space for everyone in the blockchain industry. Artists can list their arts, poets can list a unique poem, Realtors can tokenize a land, Teachers can tokenize students' certificates, and musician can publish their music in different marketplace. There's absolutely no limit to what can be achieved in the nft space. Making more money shouldn't be a problem​

This can be debated upon during purchase. Some artists don't usually sell the copyright, meaning that they have the right to reproduce any digital asset that they've already sold. Doing this will reduce the value and price of the existing Nft. It's very important that you bargain on this before purchasing any Nft.

Just like cryptocurrencies, the price of a particular Nft can either increase or decrease due to the value. The Value of a nft lies in its uniqueness. If a particular asset isn't unique it's very likely for it to decrease in value. 

Nft Scams can't be overemphasized, there are many scam nft projects with good communities but bad intentions. They employ you to invest your funds on a particular nft, then it loses value. 


Always try to make sure to do thorough research on any project you're willing to invest in.

There are different reasons why people go into NFTs. But the main reason either as a creator, an investor, an artist, etc is to make money. I'll be showing you 3 different ways you can make money in nft.


This is one strategy that is widely used amongst investors. It's an act of being the first set to get hold of a particular nft before it gets minted thereby having the opportunity to trade during mint. 


To become whitelisted on a particular nft project you must be a solid supporter of that project i.e following them on different social media platforms, Engaging in their communities, and Referring people to the projects. In essence, it is being dedicated to that project. 

Another benefit of being whitelisted is that you get to buy these nfts at a very lower price or discount rate. This serves as a reward for supporters because the success rate of a project is dependent on its Community, Engagements, etc.

This is one risky strategy to make money from nfts but it's worth trying. This is an act of buying as soon as the nft is being minted out on their website. the advantage of this is that you get to buy fast before the price increases. 


Doing this is quite risky, why? This is because you're in competition with many people/bots during this mint. Take note that once you've made a transaction on a Blockchain network, it is not reversible even with the gas fees. This might cause you to lose a large amount of money once you're not fast enough.

Know also that at mint, you don't know whether that nft will be profitable or not. It is under probability as they have no past record. Although people have made money using this strategy, it's not always advisable to use.

    • Buying at Secondary Market and Selling Later

This is the most profitable way of making money in nft. A secondary market is where first buyers resell their collected nft.


Why is this profitable? It is profitable because it's already been minted, they now have a market history that you can analyze unlike buying at mint. You're able to use different technical tools to analyze highs and lows. Helping you to make better decisions before buying 

Furthermore, you have pieces of information like its trading volume and market capitalization at your fingertips all to help you make better-informed decisions. 

Minting an Nft is an act of publishing a digital product in the marketplace. I'll be giving you steps you can use to mint or buy nft as they have the same steps with little difference;

There are many nft marketplaces where you can publish your nft e.g Opensea, Rarible, Foundation, Nifty Gateway, SuperRare, etc. They must be an online marketplace you trust as they'll require you to give them access to your wallet for transactions.


Although it is a Non-Fungible token, it still relies on cryptocurrencies for transactions. Creating a new wallet just for nft transactions different from your main wallet is much more safer due to hacks and other cyber attacks. The new wallet may be on a phantom wallet, or metamask depending on the Marketplace you want to use


As I mentioned earlier, you make transactions using cryptocurrencies. Most marketplaces use Ethereum for transactions, while some use Solana, etc. Transfer a substantial amount of the cryptocurrency used on the marketplace you want to buy/mint from to the new wallet you created to make sure it's enough as gas fees also will be deducted from it.


You can now Mint or purchase the nft. Minting in the different marketplace has different steps. Some may require you to give a particular description (Meta Description) and information about the nft you want to mint while some may not. Same also for if you want to buy them. Just follow the steps given, and you'll be fine.

There are different terms that need to be known if you want to flow in conversation on nft projects communities. I'll be giving you 10 common terms used in the nft space;


This is an act of purchasing a particular at an early stage, and selling it almost immediately for a profit. This is most likely done at a project's mint stage. 


This is when you buy NFT from a project without doing thorough research. This leads to a common term 

This is when an unknown nft project mimics another known nft project. it's mostly done by new nft creators. Investors should take note, that it might be a scam.

This is a common term amongst gamers in the nft space. It Just literally means "Play to Earn". These are nft games that reward their players with unique nft characters. Examples of P2E games are Axie Infinity, Fabwelt, etc...


Whenever you hear this phrase, it's mostly used for nft community moderators telling them to Enlighten the audience and urge them to stay glued to the project.


This happens whenever there's a popular nft lookalike from another creator. He'll be asked to Take down the nft he/she published on the marketplace.

 It's a NFT that has much value. Investors prefer to fill their portfolios with collectibles to sell later.


It's an acronym for Opensea. It serves as both a primary and secondary marketplace for Nft creators/investors.

This is just to identify how many unique nfts a particular project has e.g 10k means 10,000 unique nfts. This also applies to 5k, 3k, etc 


During an Early Mint/buy, to increase chances of getting a unique nft investors try to increase their gas fees above the normal fee to get through transactions fast. This is called Gas War.


This article is to give a fundamental view of what the nft sector looks like. The Insatiable thing is that nft is for everybody, no one is left out. Try to put your works into the nft space and see your brand grow. 

In my next article, I'll be showing you how to go into the nft space as a musician. Look forward to it. Digest this, and you're ready for the next.

Obaloluwa Akomolafe

NFT Fundamentals: A Dive Into the NFT Space

There have been some notable issues in the crypto trading industry as those who aren’t full-time traders complain of losing more of their assets due to certain reasons


Firstly, busy traders tend to lose money due to the increase in flexibility of the crypto market as the market fluctuates without even giving a simple sign. Being busy makes them unable to make quick-witted decisions concerning the fast and new development of the assets being traded, which eventually leads to a loss.


Secondly, to be a successful trader you have to invest both your time and assets into the market. Part-time traders tend to spend little time analyzing charts even though knowing how risky it is, they place the order anyway. You should know how that would play out. These are just two out of the many reasons why busy traders are discouraged to trade. 

Although these issues have been suppressed with the new development of automated trading systems (trading bots), the ineffectiveness of some of these bots has made traders still complain about which bot will be more effective.

This brings us to Robofi; what robofi is, what robofi offers in trading, and how they help you earn passive income will be well elucidated in this article. 

Automated trading systems are trading bots programmed to aid in creating a trading order and submitting them to the market center. Orders generated from the technical analysis are imbibed in these bots.

The development of these bots is quite rigorous and expensive. which makes bot creators hide some of their IP from the public leading to a disadvantage on the users' part in such a way that procured bots tend not to effectively deliver as they should. The more reason why robofi was developed.

Robofi is the first decentralized and autonomous Defi platform managed by the DAO bots community that is built in a public ledger system. Unlike others, They tend to build a keen relationship with bot creators and users for earning while protecting data and privacy.

However, with the development of its VICS token its users are allowed to be part of the decision-making to control some aspects of these trading bots, and even bot creators can earn through a united reward system.

With the development of robofi, bot creators can protect the IP of their trading bots and also market these bots for public use.​

Here are some reasons why Robofi has come to stay;​

Crypto Traders/ investors tend to also like to earn passive income in cryptocurrencies. Staking is an act of investing an asset for a particular time to earn rewards or bonuses.


Robofi provides a platform whereby with the use of Its VICS token users will be able to stake their tokens and earn rewards even while trading which leads to an increase in assets.


Due to the protection of the IP of their bots, bot creators tend to find it hard to market their bots to the public making them not able to gain certain profits. Bot users also, due to the limited trading bots where most of it is ineffective also stand to lose profits.


With Robofi, bot creators are allowed to list their trading bots to the community while protecting their IP. With this, traders can choose bots that are most effective and economical to take their trades.

With Robofi being a Decentralized platform, it is owned by the DAO bots community and not a single person. With the implementation of the VICS token, users can make decisions on aspects of the bot's performance and effectiveness.


With the invention of IBO, bot creators are allowed to put out their trading bots to the public for inspection or evaluation to make raising capital easier and faster.

Participants not only get to own shares, but they also get to vote in any decision-making protocols. This is done with the use of the VICS token.


​Despite what RoboFi has to offer, it also with the VICS token has brought about a portfolio for the management of its hodlers. This portfolio (RoboFi wallet) has different features that will enable its users to take better advantage of the wallet. Here are some of its features;

This allows users to browse for existing bots in its ecosystem, and to use them for trading while monitoring its effectiveness. The store has various types of trading bots that can be chosen from.


Being a Decentralized platform, users can deposit a particular asset for example Usdt to be given a copy of it in sToken as it is a 1:1 conversion rate. This token is used to stake and it can also be redeemed back to the deposited asset.


This feature allows users to borrow assets they don't have while using the one at hand as collateral. Robofi allows you to borrow only 70 percent of the collateral to ensure repayment. 

This is an important feature of RoboFi, just as the name implies it is where users buy and sell bot tokens.


There are other features of RoboFi like the 

 they both work as a means for users to earn interest and govern bots. 

With the invention of the RoboFi ecosystem, bot creators and users now have a reason to smile at the Economy in a way. Effective trading now become a norm even for busy traders. This project is a promising one and it is likely to lead the trading bot platform in the nearest future

CryptoBot: Why Robofi Is The Best CryptoBot Marketplace For You

The world is evolving, and different sectors/industries are growing massively by the day. Cryptocurrency started in 2008 when Satoshi Nakamoto (Pseudonym) invented Bitcoin since then, different new coins/tokens, and new investors have been surfacing in the industry. This is 2022, and according to Coinmarketcap 20,434 cryptocurrencies have surfaced with a market capitalization of 1trilion dollars.

Why am I saying this?, We all know that even in many other sectors there will always be bad eggs amongst the good ones that might not be easy to spot. But due to the advancement in technology being able to spot cryptocurrency scam projects shouldn't be a problem.

In this article, I'll be showing you what you should look out for before investing in any projects. It's more like a fundamental analysis of trading. This article will be a short and precise one.


These few steps that I'll be giving you are very important and must be taken seriously so as not to invest your money into scam projects.

This is the first and the most important step that must be taken before investing in any project. Coinmarketcap has complete information about any coin/token. Pieces of information like Price, Market capitalization, Volume, Circulating supply, etc. All you need to know. 

Be sure to note that if a coin hasn't been listed on coinmarketcap which is not possible then it's definitely a scam project. You're advised not to go close.

The website of any project is another important factor whenever you're doing fundamental analysis. This is a very tricky one as it's not usually checked thoroughly by investors. What are we to check?

You can find the whitepaper of any project either on Coinmarketcap or on their website. A project without a whitepaper is definitely a scam project, no doubt about that. 

The whitepaper contains the full information about the project. Infomation like the creator, their Objectives, Background, Roadmap, Strategy, etc. Scam projects will definitely not go into details, so do well to read and digest all contents on the whitepaper.

The creator of a project is a vital factor of how well the project is going to be. A founder with a bad reputation will do more harm than good to the project. What else are you to check? 

    • Project Social Media Engagements; 

Ponder on these questions when checking their media platforms like Facebook, Reddit, Twitter, etc. questions like Who is posting about that project?, What are people saying about it (

!), What are their communities like, Are they Engaging individuals on their pages?. Don't leave any stone unturned. Although, since it's a new project they might not have gotten much attention but still make sure you keep an eye on them.

Once a coin/token gets listed on  Popular exchanges like Binance, Coinbase, Kucoin, Huobi, and many others. It's worth investing. Although, This doesn't always determine the legitimacy of a project as many good projects have not been listed but are working towards it and vice versa. Keep an eye on them. Don't invest till they get listed on popular exchanges.

The use of technical tools like Dex tools, Unicrypt, and Block Explorer is also important as they'll be giving you pieces of information like if the token initial liquidity is locked (Causing a rug pull - You won't be able to withdraw), the coin/token charts have an only green candle on all timeframe ( Nobody has been able to sell), Contract Code, Address, etc. 

These few steps above will guide you through what you should check out and what you should do.

My Final advice for you is to follow what your head says, scam projects might look very enticing as they may promise you high ROI in a small time frame. Remember to follow these steps so as not to fall into the wrong hands. 

If these tips are helpful kindly like, comment, and share with your fellow investors. 

Scam Alert!!!: 7 Steps to Determine Scam Projects in (2022)

The Fluctuating Nature of the crypto market is one important aspect traders need to pay attention to as the price of a token/coin might either increase or decrease at an unexpected time. Different factors determine whether a coin/token will increase or decrease. Factors like Government Law, Listings on Popular Exchange Apps, News, etc. 

But what if the price begins to lose value constantly? What should you do? what do developers do? There are many ways to increase the price of a coin or token. In this article, I'll be focusing solely on Coin Burning. 


You might have heard about Coin burning, especially during the recent happening of Shiba Inu where a total amount of 400million Shiba Inu was burnt just to revive its price. 

I'll be showing you exactly what Coin burning is, Why it's done, and the different methods used for coin burning.

In Simple terms, Coin Burning is an act of disposing of a particular amount of coin to regain price stability in the crypto market. When I say dispose of, what I meant is that a particular amount of the coin is transferred to a Burner (A wallet with a forgotten/unrecognized private key). This will trigger the scarcity of the coin/token.

Although it's a good strategy, it's advisable that you have the full details of the token/coin you're willing to invest in the reason that some developers still have a hold of the disposed of coins these will cause a lot of losses in the market when the so-called disposed coins get released again.

This strategy isn't Always efficient, but it's worth trying


There are different reasons why coin burning is rampant these days, but here are a few reasons why individuals Coin Burn;


This is the first and main reason why individuals coin burn. Fluctuation in price is very natural in the crypto market, but when a coin/token begins to devalue constantly Coin Burning serves as a strategy to revive the price by reducing the amount in circulation. 

With the main aim in mind, New coins/tokens will surely get at least the attention of individuals. Once a project is trying to implement coin burning, investors will try to buy a certain amount in case the price spikes.

 Sometimes, Developers might want to play smart so make sure to DYOR (Do your own research) before investing in any coin/token as coin burning doesn't always mean it's a good coin.

I'll be explaining this with an example. Assume a developer has a large amount of DogeCoin let's say 5 billion Doge to be able to hide from the public he has to burn a large amount also, so he burns 200 million doge. We'll see that within a little time the rumor of him having lots of dogecoins will reduce with him still having so much.

A lot of developers now give individuals the chance to mine their coins with the condition of them burning some amount of the coin they have. These coins/tokens may be for the same project or another project it depends on the developer. The Higher they Burn, the Higher their chances of being a validator.


There are different methods different developers can use for coin burning. These methods are a few;

This method is a consensus mechanism that pays crypto miners whenever a block is being mined to the public. Developers allow individual to burn their coins to become validators, the more you burn the higher your chances of being a validator. In Doing this, the price begins to appreciate due to the constant burning of the coin/token.


As crypto Enthusiasts, we should know what a Gas fee is (in simple terms, It's a fee that is being deducted whenever a transaction is being made). Stable Coins like USDT have imbibed a constant coin burning strategy to maintain their value by burning a particular portion of the gas fee anytime a transaction is being implemented.


For investors to support a particular coin/token, it is being pitched at the ICO (Initial Coin Offering). During this bid/pitch, some coins may be left out without any investor buying or supporting them. Developers now tend to Coin Burn to increase the price for the current owners of that particular coin. Doing this, also serve as an indication that a project is being committed.


This method is also called the buy-back method. This strategy is first being used by the stock brokers. Developers repurchase coin from different individual at the current market price and put them up for burning. This is solely to increase the price of the remaining coin/token serving as a reward for hodlers.


Coin Burning is one strategy that shouldn't be overlooked as it does the work of increasing the price/value of coins whenever it's being implemented. Although it's not always effective it is being proven to work. A little advice, some developers have crooked ways of rigging this therefore always make sure to research before investing in any coin/token.

Did you learn anything, kindly share it with your friends and loved ones. Thank you

Coin Burning: What Exactly it is

Mining in the crypto industry has been in existence for like the last decade, and many people have rushed into it without having the right information, and tools to begin the journey as a miner. This has led to a lot of people losing huge amounts of investments, time, and effort.

     There are different information about crypto mining some are informative but not simplified. This article will be simplifying the rugged terms for understanding to help you achieve immeasurable goals as a Crypto Miner.

• What is Crypto Mining
• Its Working Principle
• Ways/Methods to Mine Cryptocurrency
• Important Tools Needed
• Advantages and Problems
• Conclusion

In simple terms, Crypto mining is the act of making/developing new coins for use. But it can't be fully understood in these terms. Putting it a little complex term, we say It's an act of Validating new Crypto transactions on the blockchain network. This validation allows new blocks of a particular coin/token to be released for public use.


 (A risk that allows one to spend a coin more than once, or an act of retrieving used coins) on a Blockchain network. Since its inception in 2010, it has done more good than harm to the crypto industry.

Now, let's address how validation works, and how miners earn.

As I mentioned earlier that to mine Cryptocurrency you'll have to validate transactions. This validation entails one to solve a complex mathematical equation called a 

(They are codes that are used to secure data or information on a Blockchain network. These hashes are very easy to validate especially if the 

 are available. Without the key, it's almost impossible to crack), and show block credibility

    Miners' reward is like on a first come first serve basis. Miners compete with each other to solve mathematical code, the one who gets to solve the code receives the opportunity to post it to the public ledger, and he gets the reward in form of cryptocurrency.

 agreement that makes sure that it's only verified/trusted miners that validate transactions. It also ensures that miners get paid as soon as the validation is done.​

There are 3 different ways you can mine cryptocurrency, it only depends on what you can invest/afford. They are the following;

This comes in when an individual can purchase all the necessary tools for mining. It was quite unchallenging when mining started but with more people coming into the crypto mining business it became more difficult by the day. This method is not readily used amongst crypto miners.


This is when a group of individuals comes together with their resources, and funds to purchase a large number of mining tools (Hardware and Software) to boost their advantage in obtaining a mining block on the blockchain network. It's also done in such a way that individuals can add their nodes to the Network.

    Rewards are being splitted across the pool. The higher your contribution, the higher your reward will be. Check 

 for different mining pools based on their trustworthiness, and Reward Ability.

This is a widely used means of mining cryptocurrency. Individuals now have the opportunity to capitalize on huge organizations that have better mining facilities. They can now rent a mining rig for a particular time and pay monthly. The renter is then able to keep any crypto earned from the mining rig. 

This method requires very little investment, but you'll need to get a mining software to partake.

I'll be showing you the kind of tools you'll be needing in your journey as a crypto miner. I will be splitting them into two parts
    • 

These are the physical Computers that as nodes, not all types of computers can serve the purpose of mining cryptocurrency. There are factors like its processing unit, storage capacity, battery life, etc that determine the type of computer to use. These are the types of hardware being used:

This is the normal type we are all used to. But when it comes to mining, it takes a very long time to mine, it is more difficult to solve the code with it, and a large amount of electricity to power it. This tool is very expensive and it's not advisable to use.

This is a type of unit that allows different crypto miners to bring a different set of GPUs together under one mining rig. It increases the computational power. This tool is being used in different mining pool as it's the motherboard and a cooling system is all you need. It's an Expensive but Effective tool to use for crypto mining.

    • Application- Specific Integrated Circuit (ASIC); 

This kind of tool is being designed specifically for mining cryptocurrency. It, therefore, produces more block units than other hardware tools. But due to mining difficulty, it gets quickly outdated, and most miners tend to shy away from it.


These are software  that smoothens the process of cryptocurrency mining. These platforms help different miners to combine the hashing strength to mine cryptocurrency faster. There are two types (Commercial Mining App and Open-Source Mining App). I'll just be listing the examples of these Mining Apps


 Examples of this type of mining app are 

Awesome Miner, CUOO Miner, ECOS, Ethermine, Minegate

Examples of this type of mining app  are 

There are some other important Tools that mustn't be left out especially if you want to make good progress. Tools like 

ELECTRICITY, INTERNET, and COOLING SYSTEMS 

Here are a few advantages of mining cryptocurrency;

The main aim of individuals in business is to make money/profit. When one participates in crypto mining, you tend to earn huge profits massively especially when it's a long-term investment.

    However, you don't need to stay on it 24/7, you can mine and continue with your daily activities. Even though it involves you spending quite a lot, but the profit is more than the capital. 

Due to the fluctuating capabilities of the crypto market, investing in crypto mining for long-term profit is much better. Especially when you're investing in coins that are sure to help you make good profit.

 I Always advise people to make sure its a routine to research before investing into any crypto project.

We should know that in any internet business, some hackers will surely try to steal. Crypto Mining is all about validating transactions on blockchain this makes it very difficult for cyberpunks to steal your profit. 


    You are also contributing to the security of the blockchain against attackers, as the more the blocks, the more secure the network gets.

Here are some problems people face in Crypto Mining

To Mine Cryptocurrency, the tools needed are quite expensive to purchase. Electricity is a very important tool for mining and you'll need a lot of it to Mine just 1 block. This is a determining factor if you want to be a crypto miner.​

The fluctuating nature of the crypto market makes it a very risky investment as people's investments might go down the drain when a coin loses its value. Make sure you don't just go into it without your Research!


The Working power of each hardware causes heat to the surrounding/society leading to global warming. It is manageable since there will be enough cooling system to counter the heat.


Look no further, As this article contains the full information you'll be needing to get started in your crypto mining Journey. A lot of people have made hundreds of thousands of dollars as a crypto miner. Get started today!!


Did you learn something new, kindly share it with your loved ones


Is there anything missing from this article, I'll like to learn from you. Pls comment in the comment section, and I'll surely make adjustments. 