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The corporate world as we have known for the past several years is about to be shaken by the Web3, which is the latest Internet development empowering its users to transact through decentralized blockchain platforms without the need to rely on Web2 giants (such as Facebook, Youtube, and the likes). Specifically, there is an evident lack of coordination and meaningful…
In “simple” terms, the metaverse is a new environment characterized by the interconnection of the digital and the physical worlds. The results of this union are multiple and fascinating thanks to the blockchain technology that allows users to connect and transact in decentralized environments – which, as a whole, are now known as “Web 3”. For instance, pioneer investors and…
Many still think that Non-Fungible Tokens (NFTs) do not have any practical purpose and are only used as a beauty exercise by trust fund kids and money launderers to purchase digital art or other collectibles. Given the novelty and complexity of the subject, this is an understandable misconception. Quite to the contrary, at Cea Legal, we believe in the tokenization…
Decentralized finance (DeFi) is a term used to encompass a growing number of financial services provided on blockchain platforms (mainly Ethereum). The DeFi industry has been becoming increasingly attractive thanks to its appealing premise allowing transactions to be carried out between peers without financial intermediaries, such as banks. Instead, the transacting parties “trust” smart contracts, which are self-executing software codes…
What Is An NFT? How Do NFTs Work?Binance, the largest cryptocurrency exchange in the world, advertised that it would release its own Non-Fungible Token (NFT) market on June 24, following the steps of other major players in the industry, such as Gemini. Like cryptocurrencies, NFTs are digital assets that register an immutable transaction on a blockchain. The majority of NFTs…
Cryptocurrencies have been the next big thing in the financial world for several years, but the United States laws are regulating them have been confusing at best. The days when cryptocurrencies existed only on the dark web, where people exchanged them for goods and services they would never have the guts to buy or sell in circumstances buyers and sellers…
Most people who made their fortune by investing in commercial real estate already had a considerable fortune to start with, whether in the form of family wealth or extraordinarily good luck. Investing in a multifamily dwelling or a shopping center requires more capital than most of us have. Unless you are already rich, your real estate investment projects are usually labor-intensive…
Although it first entered the public consciousness in this context, blockchain technology is not just for cryptocurrencies. It is also applicable to industries that have been around for centuries, such as banking, real estate investing, and art collecting. In fact, tokenization using blockchain can benefit everyone involved in the art world, from collectors of artwork and patrons of artists to…
Over the last few years, crypto assets have continued to grow in popularity amongst investors. One of the biggest obstacles faced by digital assets, however, is the difficulty that both large and small cryptocurrency businesses have had in securing banking services. This problem does, however, create an opportunity for banks, who until now have generally avoided offering banking services to…