NFTs for Beginners Crash Course

The NFTs (non-fungible tokens) are not something really new, they were here with us starting the ICO craze in 2017, but somehow, after 2020, they have started a new, upgraded life, and are considered as one of the next big things. They are a breed of unique digital assets — non-fungible, which are different from regular cryptos which are fungible (one can easily be replaced with the others). What is hard to digest for most of us is how these digital assets which range from art and music to in-game assets and luxury fashion, are selling like high-priced diamonds, sometimes in the range of hundreds of thousands, and even millions of dollars.

Adrian Niculescu speaking at AIBC Summit in Dubai
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How to understand NFTs?

Well, the million-dollar question is … what is an NFT? Anybody can perform a short Google search, and will see the definition by Wikipedia: “A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from most cryptocurrencies, such as Bitcoin, which are fungible.

NFT ledgers claim to provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. NFTs do not restrict the sharing or copying of the underlying digital files, do not necessarily convey the copyright of the digital files, and do not prevent the creation of NFTs with identical associated files.

NFTs have been used as a speculative asset, and they have drawn increasing criticism for the energy cost and carbon footprint associated with validating blockchain transactions as well as their frequent use in art scams. The NFT market has also been compared to a Ponzi scheme.” But even after seeing this definition, the question comes up again: what is an NFT?

3D Sci-Fi rendition -RAIDA FT Sean Worthington. NFT Image
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Your Army of digital twins is waiting!

By going to many conferences where I am speaking I also spend a lot of time in the expo area looking to connect with new investors, and projects, and also reconnecting with people I know or I am already working with. I have an actual complex set of activities in the CMO/ CEO/ Advisor/ Venture Partner/ Startup Mentor & Investor areas so it is impossible to see me just standing with nothing to do. Yes, maybe from time to time, you could see me like this for a few minutes contemplating nice venues or ideas blowing my mind. If you remember, this newsletter is a little bit about what’s inside my head so expect some personal insights here also.

Adrian Niculescu speaker at AIBC Dubai, United Arab Emirates
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Up or out!

It took me two days to find a t-shirt with a meaningful message so I can wear it during one of the latest conferences I had the opportunity to speak at. Usually, I buy 80% of my clothes from New Yorker, the rest is split between Primark and other brands. New Yorker speaks my language, I can choose what I want in minutes, I feel great wearing their stuff. Maybe I will pitch them one day to become one of their influencers. I use to look at Sauvage commercials in shops and think that one day I will be able to be part of commercials like Johnny Deep is doing. I love the shopping experience at Primark, especially when I am in Uk on Oxford Street.

Usually, I buy stuff for my wife and three daughters for the same reason, it speaks my language when shopping for my girls, and other family dresses, so occasionally I purchase also stuff for myself. One month ago I took the weird decision to start a newsletter on Linkedin, and also a more in-depth version on Substack (feel free to subscribe on both) called Inside My Head: The New Entrepreneurship in The Digital assets Era.

Adrian Niculescu speaking at Agora’s Global Blockchain Congress in Dubai, United Arab Emirates
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New Technology to Challenge Blockchain – Bitcoin Vulnerable

A provisional patent has been granted for a new technology that will challenge Bitcoin and the underlying Blockchain technology used in cryptocurrencies. This technology, called RAIDA (Redundant Array of Independent Detection Agents), is only the second technology (the Blockchain being the first) to solve the physical integrity problem presented by digital currencies.

RAIDA is superior in every way to the Blockchain, and a new currency – CloudCoin – has been created. CloudCoin transacts in milliseconds (Bitcoin in 40 minutes), CloudCoin is 100% anonymous (Bitcoin is pseudonymous), and CloudCoin does not require encryption (Bitcoin requires massive computational resources, storage space and electricity). CloudCoin is the first currency in human history that cannot be counterfeited or lost. Bitcoin “mining” is actually counterfeiting used to support infrastructure. CloudCoin is self-funded.  Continue reading “New Technology to Challenge Blockchain – Bitcoin Vulnerable”

MyStartApp – product launch and JV announcement 15th of August at 3PM EST

MyStartApp – 5 minutes mobile apps goes live on 15th of August 2016 @3PM EST with a PLF style prelaunch campaign going live on 8th of August 2016 @3PM EST. We’ll allocate also a reasonable budget on FB Ads promoting the naked links! We moved this launch from mid June to August because it is not a fly by night product but one having already +1,000 members and we were not ready to scale everything with minimum crashes. The platform is a beautiful and powerful Mobile App Builder for non tech people with zero coding required, awesome training and marketing resources, more … Continue reading MyStartApp – product launch and JV announcement 15th of August at 3PM EST

Faster Capital’s fourth round of funding open for start-ups worldwide

FasterCapital (a virtual incubator based in Dubai, UAE) has launched its fourth round of funding for 2016 which has begun on 15th of July, 2016 and ends on 16th of August, 2016. The last round of funding has attracted more than 4000 entrepreneurs from more than 84 countries. More than 100 startups were accepted into the acceleration program.

Business10.jpg
FasterCapital hopes the message will reach wider audience of dedicated and enthusiastic entrepreneurs who seek both capital and incubation. Each startup goes through three level of assessment: Business, Financial and technical. The study will be communicated back to the entrepreneurs so that they can take our feedback in the development of their startup.

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Faster Capital – 3rd round of funding: Virtual Incubator open for entrepreneurs

FasterCapital (a virtual incubator based in Dubai, UAE) has launched its third round of funding for 2016 which has begun on 15th of May, 2016 and ends on 16th of Jun, 2016. The first & second rounds of funding has attracted more than 2000 entrepreneurs from more than 84 countries.

75 startups were accepted into the acceleration program.
FasterCapital hopes the message will reach wider audience of dedicated and enthusiastic entrepreneurs who seek both capital and incubation. Each startup goes through three level of assessment: Business, Financial and technical. The study will be communicated back to the entrepreneurs so that they can take our feedback in the development of their startup.

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FasterCapital – Virtual Incubator Open For Entrepreneurs announces the second round of investments

 

FasterCapital (a virtual incubator based in Dubai, UAE) has launched its second round of funding for 2016 which has begun on 15th of March, 2016 and ends on 16th of Apr, 2016. The first round of funding (which ended on 19th of Feb, 2016) has attracted more than 800 entrepreneurs from more than 80 countries.  50 startups were accepted into the acceleration program.

faster capital logo

FasterCapital will release the names of the accepted startups on its website an the incubator hopes that the message will reach a wider audience of dedicated and enthusiastic entrepreneurs who seek both capital and incubation.

Each startup goes through three level of assessment: Business, Financial andTechnical.

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How To Improve Your Business Cash Flow Via Factoring?

Invoice factoring can be a boon to your business if you handle it right. It is always great to have funds to handle your finances, meet expected and unexpected expenses in business and increase your working capital when a need arises. Bank loans may be great but they do not work for all. By using invoice factoring, which is a best option with the least eligibility conditions, you can manage your financial needs perfectly well. factoring cash flow

Invoice Factoring – Quick And Lasting Solution

You cannot always predict when an urgent financial need would arise. Even if you are eligible for bank loans, the process involved for sanction of loan could be tiresome and definitely not as fast as invoice factoring. Moreover, you do not bind yourself to any long term commitment if you seek factoring firm for cushioning. You can have a comfortable arrangement where you can seek their help when a need arises. Since you get paid on your invoice, you do not suffer the hassles involved if you go for a loan. The procedure is quite simple. Once you have your invoice ready for a product sold or a service offered, you can send it across to invoice factoring firm, which, after verification pays you up to 90% of your invoice value in advance. You get the remaining amount paid after deducting a nominal fee once your customer pays your bill. This arrangement helps to improve your cash flow. Let us see how.

Immediate Funds For Urgent Needs

Many businesses offer up to 3 months credit for payment to their customers. If you fall under this category, invoice factoring will help you to have a smooth cash flow. Since you get paid by the factoring company you need not wait till your customer pays you. You can manage your expenses using the cash and you are perfectly in trouble-free zone. Continue reading “How To Improve Your Business Cash Flow Via Factoring?”

Money Management Tips from 7 Billionaires

The website 21stcenturynews.com.au published an interesting article about

Money management skills do not come effortlessly and naturally to all. Spending wisely and living frugally prove to be a challenge to a number of people, and this is when money management becomes of utmost importance.

No other bunch of individuals can best offer pieces of advice on how to properly handle money than the world’s billionaires. The fact that they have risen above everyone to amass great wealth should be enough reason to trust what they have to say.

If you’re looking to spend less, save more, and do all the right things with your money, we suggest you take note of these money management tips from seven of the world’s billionaires:

Bill Gates (net worth: $79 billion)

The Microsoft co-founder and former CEO believes in learning from past mistakes. According to him, “It’s fine to celebrate success, but it is more important to heed the lessons of failure.” Never forget the money problems you’ve had in the past and the factors that caused them. Think of what works and what doesn’t whenever you’re making a money-related decision.

Bill Gates
Bill Gates

Oprah Winfrey (net worth: $2.9 billion)

The inspirational woman billionaire, TV personality, media executive, and philanthropist says finding your true passion is the first step to success. Figure out what it is you really love to do, and you’ll see that spending for it will be worth it. Nothing can ever present real value for money than something that brings fulfillment. Continue reading “Money Management Tips from 7 Billionaires”

What Is Invoice Finance And When Should You Use It?

Simply put, Invoice Finance refers to the short term loan provided by various financing companies to supplement a business with working capital. When a business provides a product or service to a company it issues an invoice to the buyer. Depending on the nature of business, there can be several situations when the business receives the payment in a time of 30-90 days. While the payment is being processed, the business would often require working capital to maintain itself for those 30-90 days. Invoice Finance is a loan provided by financial institutes utilizing the unpaid sales invoices as collateral.

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