Crypto, NFT's, Blockchain & the Metaverse: Zero to Hero

Introduction offer!

Crypto, NTF's Blockchain & The Metaverse: Zero To Hero

£497.00£297.00

Phrases like “invest in crypto” and “make a million with NFTs” are all over the news and the internet. Are you that person that stares blankly at your mates when they talk about it over a drink? Do you fear you are missing out? If you lie awake at night wondering: how does one buy cryptocurrencies, is Bitcoin Crypto or is Crypto Bitcoin, who controls it all, where do I start?, then please fear no more and do sign up on this course. Join the new tech revolution.

You may even be able to buy your mates a drink with Crypto.

You can certainly pay for this course with cryptocurrency!

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Get 15% off when you book a course using our supported cryptocurrencies!

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Course Outline

What are Cryptocurrencies?

Digital currency

Benefits

  • Decentralized, control, utility, investment, transparency, privacy solutions, universal, fast & low cost payments, P2P

Challenges

  • Decentralized, control, utility, investment, transparency, privacy solutions, universal, fast & low cost payments, P2P

Blockchain

  • Distributed ledger
  • Transactions recorded in blocks
    • Data
    • Hash
    • Previous hash
  • Blocks chained sequentially
  • Tamper proof environment
  • Proof of work
    • Computers “mine”, or solve cryptographic algorithms, to validate blocks
  • Proof of stake
    • Validators chosen off staked amount

Many different types

Blockchain

Altcoins

  • Anything other than bitcoin
  • Coins exist on various blockchains
  • Can be called “networks” or “ecosystems”
    • Tokens, Decentralized applications (Dapps), users, live in these “ecosystems” and keep the network functional
  • Ethereum Network
    • Ether
    • Pros & Cons
  • Binance Smart Chain Network
    • Binance Coin
    • Pros & Cons
  • Solana Network
    • Solana
    • Pros & Cons
  • Polygon Network
    • Polygon/MATIC
    • Pros & Cons
  • Meme Coins
    • Dogecoin
    • Shiba Inu
  • Privacy Coins
    • ZCash
    • Monero
  • Stablecoins
    • Tether, BUSD, DAI, USDC

Interoperability

Bridges

  • Some networks can be bridged
    • “Wrapps” assets, or freezes bridged assets and mints 1:1 value of “wrapped” asset on another blockchain
    • Funds do not move, but rather utilizes mint and burn mechanism
    • Can be centralized “custodial” or decentralized “non-custodial”
      • Does a company or protocol own the wrapped assets
    • Uni-directional
    • Bi-directional

Why Bridges

    • Connects ecosystems and strengths Dapps
    • Use coins on various networks
    • Save on gas fees

Utility Tokens - built of coins

  • Currency
  • Rights
  • Access
  • Rewards
  • Earnings

Security Tokens

  • Passes the Howey Test
  • “Investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others”

Coin research

Wallets

How is crypto stored?

  • Wallets, exchanges, smart contracts
  • Custodial VS Non Custodial
    • Pros and Cons
      • Security
      • Control
      • Ease of use

What is a wallet?

  • Public key (public address)
  • Private key

Software wallet

  • Trust Wallet
  • Zecwallet Lite

Browser Wallet

  • Metamask
  • Phantom

Hardware wallet

  • Ledger
  • Trezor

Paper wallet (if you’re hardcore)

Multi-Sig Wallet

Pros and Cons of different storage methods

Most secure method to store crypto

How to secure wallet

  • Backup phrase
  • Private keys offline
  • Protect device
  • Connect to only trusted sites
  • Careful what permissions you allow

How to use a wallet?

  • Metamask example
    • Show how to create metamask
    • Explain backup phrase
    • View accounts
    • Import tokens
    • Find address
    • Send and receive
    • Add networks
    • Connect to DeFi
    • Permissions

Security

Avoiding scams

  • Do not click unknown links
  • Do not download unknown files
  • Be aware of Phishing scams
    • Ensure all info from authentic source
  • Edit spend limits
  • Rug pulls
    • Research team
    • Tokenomics
    • Legitimacy of project

Gas Fees

  • Fee associated with sending crypto
    • Is awarded to miner or staker who validates your transaction
    • Price based on supply and demand for block space
    • Highest bidder will be validated first
  • Can be anywhere from fractions of a penny to hundreds of dollars
  • Depends on network and scalability

Decentralized Finance

  • Smart contracts govern financial services
    • Code that sets the parameters for a transaction to occur
  • Decentralized exchanges
    • Swapping
    • Liquidity pools
    • Yield farming
  • Impermanent loss

Money markets

  • Borrowers and lenders
  • Lend crypto for interest
  • Borrow against crypto
  • Liquidation

Risks

  • Rugpull
  • Hacks/scams
  • Impermanent loss
  • Volatility

Future of DeFi

  • Alternatives to traditional banking, money markets, insurance, and other financial services. A different way of finance where there is no central authority: bankless, permissionless, censorship resistant finance

The role of crypto in the future

Payment systems

  • P2P payments
  • Trustless
  • Permissionless
  • Fast
  • Low cost
  • Custody of assets

Decentralized Finance

  • “A bankless world”
  • Better yields/interest rates
  • Permissionless borrowing
  • Trustless setup
  • Control of assets – “no middleman”

Investment opportunities

  • Hedge against inflation
  • Revenue streams from DeFi
    • Yield farming
    • Staking
    • Lending
    • Borrowing
  • New technology

Tokenomics

What determines price

Factors that influence price

  • Market Cap
  • Supply
  • Inflation
  • Burning (deflation)
  • Speculation
  • Supply and demand

How do tokens enter the market?

  • Initial Coin Offering
  • Initial Dex Offering

What are NFTs?

  • Non-fungible tokens
  • Fungible VS Non Fungible
  • Anything digital can be made into an NFT
    • Connects digital asset with a unique token
    • Only 1 of these tokens exist

What do NFTs do?

  • Digital art
  • Collectibles
  • Grant access
  • Staking
  • Social status

Why NFTs?

  • Digital ownership and control
  • Connected to “web3”
  • Value

Application of NFTs

Any digital asset

  • Digital flex
  • Proof of ownership
  • Art, game skins, items, passes

Where do NFTs drive value?

  • Supply and demand
  • Floor price
    • Walkthrough of exchange
  • Based on extrinsic factors
    •  

Where are NFTs traded

Exchanges

  • Opensea
  • Magic Eden
  • Fractals

Where are NFTs stored

  • Wallets, smart contracts
    •  

Creating/minting NFTs

  • Budget
  • Artists
  • Web3 Developers
  • Marketers

Establishing a collection

  • Social media presence
    • All about hype
  • Discord
  • Website
  • Whitepaper
  • “Product”
  • Brand

Marketing NFTs

  • Unique
  • Exclusivity
  • Scarcity
  • Utility
  • Accessibility
  • Network
  • Marketplace
  • Influencers
  • Promotional work

Pros of NFTs

  • Digital ownership
  • Digital control
  • Values digital assets
  • Trade of digital assets
  • Crowdfunding
  • Investment opportunities
  • Community engagement and marketing

Cons

  • Barriers to accessibility
    • Knowledge
    • Entry price
    • Gas fees
    • Scarcity
  • Mistrust/uncertainty
  • Hacks/scams

What is the Metaverse?

  • Not what you think
    • Marketing term
    • Encompasses meshing of virtual and real worlds
      • Ex: real economies in game
  • Online communities
    • Are we in the metaverse?

Why the Metaverse?

  • Connects people across the globe instantly
  • Digital reality

How will the metaverse be used?

  • Communication
  • Work
  • Entertainment

What does it look like?

  • 3D social hubs
  • Think virtual reality chat

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