Tag Archives: Advantages and Disadvantages

Advantages and Disadvantages of NFT or Non Fungible Token | Pros and Cons

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Non Fungible Tokens or NFT’s are a set of unique non-interchangeable units of data. They are stored primarily on a digital ledger. Here, Non Fungible literally means that the product is unique. It is one of a kind which cannot be replaced with another one. For the most part, NFT’s use Blockchain technologies. Blockchain technologies creates a verified and authentic proof of ownership for easily reproducible items in NFTs too. As a result, NFT’s can be used on a wide range of products. Such includes photos, videos, audios. Also, it includes many other types of digital files. Generally, all things have their upsides and downsides. Similarly, NFT does also have their own fair share of advantages and disadvantages. Advantages of NFT and Disadvantages of NFT are also listed down below.

In the current day and age, digital products and goods are produced and replicated endlessly. Here, NFT’s work as “certificate of ownership” for those kinds of digital products to show their originality. As an example “Mona Lisa”, we can take a picture or purchase a print but there will be only one original. In the similar principle, NFT’s are digital tokens. It proves authenticity of the non-tangible goods despite their constant replication and reproduction.

Advantages of NFT or Non Fungible Token

  • Certificate of ownership

Digital goods are easily replicable and copied. They can be produced endlessly. And, this makes it’s hard to validate their ownerships. Here, NFT’s are the evident proof of ownerships through digital tokens. As they are on a Blockchain network, it can be easily associated to a single account. Furthermore, NFT tokens ensure that the buyers are safe from scam and fake goods too.

  • Authenticity

NFT’s are created on the Blockchain network meaning. Hence, each one has a unique token associated with it. Here, the uniqueness and rarity of the NFT also showcases its perceived value as well. Similarly, NFT creators can also limit the number of NFT’s inducing scarcity and driving the price upwards. Hence, NFT’s can easily show their authenticity through their quality.

  • Exchangeable

Exchangeability is also one of the most evident advantages of NFT’s. NFT holders can effortlessly trade them on specific markets. It includes variety of options for trading. Likewise, NFT’s are based on smart contracts. It means that ownership transfers can be done after fulfillment of specific terms and conditions. It occurs between the buyer and sellers.

  • Generates Economic Opportunity

Currently NFT’s are used in a wide range of digital products. Here, many content creators can gain profit through the trade of their digital goods. NFT’s integrate the ownership of the content. It results in the direct fund transfer to the owners. Hence, this can also prevent other platforms from profiting through their hard work.

Advantages and Disadvantages of NFT

Disadvantages of NFT or Non Fungible Token

  • Uncertainty

The ongoing craze over NFT shows that they are being sold for millions of dollars for a piece. People are purchasing them as an investment. Also they hope to profit from them in the future. On the other hand, many experts believe that this phenomenon is an economic bubble which will eventually collapse. Although, some NFT have value and growth potentials. It’s important to know that not all are created equal.

  • Lack of control

When it comes to NFT’s, ownership doesn’t equal full control. Here, the NFT’s can still be replicated and shared even if someone else has its ownership. Similarly, the original owner also doesn’t have any control for the duplication and distribution across many platforms. Therefore, this is also one downside of owning NFT’s.

  • Possibility of theft

NFT’s are digital products. It means that they are vulnerable to various security breaches and attacks. Here, they are under constant risks form attacks from h*ckers. Furthermore, many NFT’s exchanges are done on outdated or inefficient security protocols.  It exposes them to various risks as well.

iPhone 13 Advantages and Disadvantages | Pros and Cons

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The iPhone 13 is the fifteenth generation of iPhones, which was officially unveiled on September 14th, 2021 at Apple Park, Cupertino, California. Here, the iPhone 13 was launched alongside the flagships. And they are, the iPhone 13 pro, the iPhone 13 pro-max and the iPhone 13 mini. Apple Inc. introduced the latest iPhones as the successors to the iPhone 12 series. And, they have many upgrades than the last generation. In addition to the yearly upgrades, Apple also introduced many new features for the iPhones and they were officially available for purchase from September 24th, 2021. This is a quick intro. You may jump directly into iPhone 13 Advantages and Disadvantages down below.

The iPhone 13 shares many of its hardware features with its older siblings but the 13 is slightly inferior to them. Here, the 13 pro and the 13 pro-max boasts brighter and bigger displays with higher refresh rate as well. They also have an extra telephoto lens and bigger battery capacity as compared to the vanilla iPhone 13. Although, the iPhone 13 can’t compete with its older siblings, it still brings a healthy set of upgrades from the previous generations. The iPhone 13 now has a beautiful 6.1 inch OLED display. It also got better battery life and a newer processor than its predecessor. The iPhone 13 also has bigger and better camera sensors with Sensor-Shift Image Stabilization as well. Now lets find out iPhone 13 advantages and disadvantages as well.

Benefits or Advantages of iPhone 13

  • Better performance

The iPhone 13 series comes with the Apple designed A15 Bionic chipset which is also found in its expensive siblings. Here the iPhone 13 pro and Pro-max boasts a more powerful GPU than the regular 13 and 13 mini. In comparison, the android alternatives are severely underwhelming when compared even to the base models 13 and 13 mini iPhones. Furthermore, they are also very energy efficient as well which means better battery life.

  • Apple ecosystem

The iPhone 13 series can be the gateway to the Apple ecosystem which helps in seamless integration with other Apple devices. Connecting with other devices is effortless and transfer of files and other media is also very convenient. Here, the level of integration is so high that we can start a movie in our mac book and continue it on our iPhone at the same place where we left.

  • Security

IOS has one of the best security systems of any mobile operating system. The face unlock in the iPhones are also the best out there. Here, this helps in protection of our personal data and other important files. Although, androids have a large amount of customization, they are vulnerable to many security breaches as well. Furthermore, iPhones get timely and regular software upgrades as well increasing their security in the long run.

  • iPhone privileges

Owning an iPhone also means that we get access to various Apple only features like Apple music, Apple car play, iMessages, Face time and many more. Here, the popularity of the iPhone also means that there are many IOS applications that are not available on other platforms like Apollo and Drafts.

iPhone 13 Advantages and Disadvantages

Disadvantages of iPhone 13

  1. Outdated designs

The design of the iPhone 13 series is similar to the iPhone 12 series. It has got a smaller notch which is also similar with previous generation of iPhones as well. Here, this makes them feel pretty outdated when the android competitors are having full screen displays with under screen cameras and more. Similarly, they also don’t have fingerprint sensors as it can be useful when our faces are mostly covered with a mask.

  1. Costly

The iPhone 13 series feels pretty overcharged for its price when the competitions are providing more features for less money. There are many missing features like high refresh rate, better zoom camera, fingerprint sensors and many more which can be easily found on the competing android devices of similar prices.

  1. Limited storage

The iPhone 13 series have pretty low storage capacities for their asking price as well. As the iPhone cameras are pretty great and many people use them to shoot videos and photos, it can fill up pretty soon especially on the base models. Furthermore, the latest camera features also don’t help this situation as they require a lot of space to store the captured photos and videos. Similarly, Apple charges a premium for additional storage on all its iPhones 13 models as they also don’t have any kind of memory expansions as well.

As for the final verdict we can say that iPhone 13 series are very good phones. And, the later series being better than previous ones by some sorts or another. But the newer series also costs for its increased performances and function. So you have to take in consideration which one of iPhone 13, iPhone 13 pro and iPhone 13 pro-max is better for you with its costs.

Metaverse

Advantages of Metaverse | Disadvantage of Metaverse | Pros and Cons

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A metaverse is a place in a digital world where we can interact using owe own digital Avatars. In other words, the metaverse is a shared digital world and there can be many users with their avatars and we can interact with them in real-time. So, it is like creating another world virtually within a system.

Popular online interactive games are starting to invest in the idea of the metaverse. Even Facebook’s Mark Zukerberg shared his idea is create their own new Facebook metaverse. Their concept is to use digital avatars and virtual reality to interact with people.

Many companies are investing in the metaverse in Metaverse ETF. It offers investors about the topic and provides real-time results. Once the concept is realized then, it will change the scenario of the digital world around the world. Online shopping, Gaming, Videoconferencing, and many more will be radically changed.

Here we will talk about the pros and cons of the Metaverse.

Pros of Metaverse | Advantages of Metaverse:

1. Gaming experience becomes more real:

With metaverse, gamers will feel that they themselves are playing in an alternate world rather than controlling a game character. This creates a real-time experience for all the players that feel real. The currently popular eSports will experience even more popularity among the masses.

2. Enhanced testing and simulation for new products:

We all know that many products need to be tested and it costs a lot. With this, we can test our own new product with minimum cost. We can also change the variables and environment within the digital world to obtain more comprehensive results.

3. Travelling becomes easier:

You can now go to new countries without any visa and expenses just by sitting in your room. However, the digital world will give you the same experiences as being there in person. And not just new countries you can visit fantasy world as well.

4. Providing help in the Medical field:

Using metaverse patients just do not have any need to visit doctors physically. They can just interact with them face to face in real-time in the digital world. Additionally, they can practice medicine inside the alternate world by gaining experience before they can take on real-world scenarios.

Also read: Pros and Cons of WeChat

Cons of Metaverse | Disadvantage of Metaverse:

1. Cost:

Metaverse seems to be very expensive. Similar existing technologies like Virtual reality and augmented reality are also costly. So it is fair to say that the new concept will be costly as well.

2. Time-consuming:

Creating a new digital world is not easy. The new digital world needs additional parts other than creation. Besides, it needs smooth interaction between avatars, a collaboration between other parts, and many things.

Final Verdict:

Metaverse already is becoming closer and closer to becoming the new future of the digital world. People are also attracted to the new world. With Metaverse ETF people can invest in it directly and watch it grow steadily.

With more growing interests among the masses, it will surely grow into something big. There is a reason why big companies like Facebook are trying to create their own metaverse. They also believe that it will become the next big thing in the world.