NewsBreak Original

“Zilliqa is the only blockchain currently that can give you the full suite of launching a token, developing an NFT strategy and we can bring you into the metaverse,” says SandraH, head of metaverse at Zilliqa. Oh and throw in gamification, esports and a focus on creators and that might give you an idea of why the $Zil token has skyrocketed last week coinciding with the glitzy launch of its Metapolis or a Metaverse as a Solution (MaaS) in Miami on April 2nd.

Cryptocurrency is gaining popularity as more people learn about the convenience and ease of digitally transferring money. Bitcoin was created in 2009 and has become the most recognized symbol of cryptocurrency. Ethereum being the second largest. Currently there are over 18,000 different crypto coins in existence, that amount is double what was in existence in 2021.

NFTs date back to May 2014. But interestingly enough, 2021 was the first year the technology gained mainstream popularity. Many factors including the high selling prices of this new technology caused investors to rush cryptocurrencies. This bull run led to the unpredictable adoption of NFTs.

Several users of the NFT platform (OpenSea) were phished out of $1.7 million worth of possessions. The NFT platform OpenSea has investigated allegations that malicious code for smart contracts has led to cyberattacks on individual users. The company now notes that phishing attacks have probably occurred on 32 of its users. About $1.7 million worth of NFTs (Non-Fungible Tokens) were stolen from them using malicious software injected into them.

Non-fungible tokens (NFTs) are trending worldwide. The term was among the top Google searches of 2021. The craze is understandable. Why? NFTs sales have grown from $41 million in 2018 to $2.5 billion in the first half of 2021. Investors like Kevin O'Leary even predict NFTs will exceed Bitcoin.