Home Tech News NFT creators will be able to accelerate their idea with this program

NFT creators will be able to accelerate their idea with this program

NFT creators will be able to accelerate their idea with this program
FILE PHOTO: A non-fungible token (NFT) displayed on the website of NFT marketplace OpenSea is seen through a magnifying glass, in this illustration picture taken February 28, 2022. REUTERS/Florence Lo/Illustration/File Photo

The market of cryptocurrencies and non-fungible tokens (NFTs) have grown in recent months. In the case of Latin America only Brazil ranks within the top 10 countries in which the cryptocurrencies have been optimally adopted. Argentina is ranked 13th and surpasses its regional peers such as Colombia (15th), Ecuador (18th), Peru (35th), Bolivia (42nd), Chile (56th), Uruguay (83rd) and Paraguay (95°).

However, this growth has generated the interest of Business linked to the crypto world in order to accelerate the inclusion of creators from NFTs in the virtual economy of the region.

Argentina is ranked 13th in the 2022 Cryptocurrency Adoption Index. (Capture)
Argentina is ranked 13th in the 2022 Cryptocurrency Adoption Index. (Capture)

“The region’s potential is unmatched (…) We are excited to support creators who believe in the potential of NFTs, who are brave and plunge into the depths of this new technology,” said William Durán, Director of Marketing of Minteo.

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On the other hand, he said that one of the main limitations of the creators At the moment of being encouraged to enter the world of cryptocurrencies, it is the lack of knowledge they have about some technical aspects that are necessary to function in this virtual ecosystem.

“Most don’t even know who to turn to or how to get started. Also, there is very limited education and we lack educational content high quality in Spanish. This ends up paralyzing and scaring the creators who, in the end, give up the opportunity to benefit from this technology“said the spokesperson.

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The Mintero marketplace proposal is to provide technical knowledge about the creation of NFTs for free to people.  REUTERS/Brendan McDermid/File Photo
The Mintero marketplace proposal is to provide technical knowledge about the creation of NFTs for free to people. REUTERS/Brendan McDermid/File Photo
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The proposal of marketplace consists of providing this knowledge for free through a free program that will be focused on legal guidance, art advice, designmarketing and community management and technological support to create a collection of NFTs.

The course will last two weeks and will be 100% remote. All people have to do is apply from the Web page creators.minteo.com.

Why cryptocurrencies lose value

Although the supply of technical knowledge is one of the main reasons why the market for NFTs may not be popular in Latin America, another reason is that they are not considered safe or non-vulnerable digital items. It is possible that the owners of some of this virtual currencies They may suffer a cyber attack and lose their money.

Some of the cases of cyberattacks that could affect these users is “infinite mint” in which cybercriminals can take advantage of a vulnerability that allows them to alter the way a company works. cryptocurrency. Once infected, they generate large amounts of the digital asset (mining) and as a result, the price of the token is reduced in the market.

The dusting attack targets virtual wallets with the aim of revealing their identity and attacking users with other methods.  REUTERS/Dado Ruvic/Illustration/File
The dusting attack targets virtual wallets with the aim of revealing their identity and attacking users with other methods. REUTERS/Dado Ruvic/Illustration/File

According to the cybersecurity company ESET, the systems blockchainon which both cryptocurrencies and NFTsare vulnerable to this type of attack mainly due to implementation-associated security flaws that allow attackers to exploit bugs and other vulnerabilities in the code.

Another type of cyberattack that violates the security of the owners of these digital assets is the dusting attack or “dust attack”, which is aimed at virtual wallets and it consists of the infiltration of one of them by cybercriminals who carry out small and imperceptible transactions for the owner of the cryptocurrency wallet, who progressively loses money.

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