A smart contract is a self-executing program stored on the blockchain. It automatically enforces agreements based on pre-programmed rules.
Livity Example: When you buy a Livity NFT, smart contracts allocate funds (e.g., 70% to CAAPs, 20% to capacity building, 10% to the artist). Everything is automated and transparent.
Learn More: • Smart Contracts by Ethereum
A crypto wallet is like a digital bank account for managing cryptocurrencies and NFTs. You’ll need one in order to buy, store, and interact with NFTs and Ordinals.
Some popular Wallets are MetaMask (Ethereum/Polygon), Phantom (Solana).
How to Set Up a Wallet:
Download a wallet app or browser extension. Follow the setup instructions and securely…
Ordinals offer a unique way to create digital assets directly on the Bitcoin blockchain. Unlike traditional NFTs, typically minted on platforms like Ethereum or Solana, Ordinals leverage Bitcoin’s inherent structure to inscribe data onto individual satoshis (the smallest unit of Bitcoin). These satoshis are inscribed with content—such as images or text—transforming them into distinctive digital…
NFTs (Non-Fungible Tokens) are unique digital assets that can represent anything—art, ownership rights, or funding for projects. Unlike cryptocurrencies, NFTs are one-of-a-kind and cannot be exchanged on a one-to-one basis.
Livity’s Use of NFTs: Each NFT funds a specific WASH initiative. When you buy a Livity NFT, your contribution goes directly to water committees (CAAPs)…
A blockchain is a public, digital ledger that records transactions securely and transparently. Key features:
Immutable: Once data is added, it can’t be altered. Decentralized: No single entity controls the network. Transparent: Anyone can view transaction histories.
How It Helps: Blockchain technology ensures that every Livity NFT purchase is recorded, funds are allocated automatically, and…
Web 3 is the next evolution of the internet. Unlike Web 2, which relies on centralized platforms, Web 3:
Decentralizes Control: Ownership and decision-making are distributed across users, not corporations.
Empowers Communities: Individuals control their data, funds, and digital assets.
Promotes Transparency: Public ledgers like blockchains allow everyone to see how resources are used.
Livity…
