Your ultimate guide to investment dao: benefits and drawbacks

Felix Mago: Discusses NFTs And Cryptocurrencies

Last Updated: September 20, 2022By

Despite this, it is always fascinating to hear the opinions of crypto industry specialists on the most recent discoveries and developments in the area. Felix Mago, the co-founder of Futerio, Dash NEXT, and Dash Thailand, shared his views, ideas, and insights with Dash colleagues today.

Felix has only worked in the bitcoin sector since 2014, yet it seems like an eternity right now. Felix recalls wanting to get bitcoin since several of his Dash friends mentioned it in conversations over the holiday season. There is no simple method to buy, no means to swap things, no credit card payment option, etc. Consequently, the situation at Dash is now far more complex.

Consequently, Felix began writing a book on the proper process. The publication was named “Bitcoin Handbook” and was written in German. This acted as a kind of education for him about his debut in the bitcoin market. Since then, Felix has founded other companies, notably Futerio, a consultancy firm.

Dash Thailand and Dash NEXT were among the Dash-related endeavours we undertook. Dash NEXT, for example, has its headquarters in Thailand, but the Dash team is attempting to encourage the use of cryptocurrency outside of the nation. Dash is establishing connections across the payment industry’s multiple verticals, including retail, gaming, and gambling.

Despite its high growth rate, the space industry has extended into various other fields. Financial institutions continue to develop the most compelling use cases accessible at present. In addition, they anticipated a significant increase in blockchain-based gaming in 2021, followed by growth in various other businesses.

The Dash provides several benefits that conventional payment methods and other cryptocurrencies lack. It is affordable, entirely decentralized, completely secure, and lightning-fast.It is tough to process payments, which is one of the primary reasons the procedure is often so time-consuming and expensive: it is complicated. The most popular cryptocurrencies, such as bitcoin and ether, are sometimes inappropriate for use in financial transactions.

Also read: What Is CCo Copyright In NFT Space?

Their fees are relatively high, transaction confirmation takes a very long time, and there are other issues. Consequently, these currencies are not accepted for payment, which is where Dash comes in.

As with cryptocurrencies in general, it will take some time to identify all of the new uses for this emerging business. The usage of non-fungible tokens (NFTs) as gaming objects is on the rise, enabling players to enjoy games while simultaneously trading in-game things on secondary marketplaces. In addition, individuals may make money via the gaming sector while also participating in the bitcoin industry. NFTs generate a new labor market in which millions of people compete for employment opportunities. Do you know what steps people must take to determine what they can do with NFTs?

Examining the list of the top 100 most valuable corporations in the world reveals that cryptocurrencies trail far behind these firms. On the other hand, Felix believes this circumstance will not last long. Numerous businesses have gained modest fortunes via their investment in cryptocurrencies. At Dash ll, the cryptocurrency businesses, such as the leading exchanges, perform very well.

Therefore, according to his viewpoint, your firm will eventually become significant and well-known if you have a solid business concept and successfully run and benefit from it.

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About the Author: Diana Ambolis

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