Manson Ndubuisi
2 min readNov 23, 2023

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MOE- A POWERFUL AND RELIABLE BLOCKCHAIN ECOSYSTEM

Blockchain is a distributed digital ledger that stores different forms of data. Its method of recording information makes it impossible for the system to be changed or manipulated. As an innovative database technology, blockchain is at the heart of nearly all digital currencies. Blockchain as a cutting-edge technology is unique and decentralized. Although presently, cryptocurrency remains the most popular use for blockchain, the technology also has the potential to serve a very wide range of applications such as in finance, healthcare, gaming, sports, and many more.

Blockchain can record information about cryptocurrency transactions as well as decentralized finance (DeFI) smart contracts, and Non-Fungible Tokens (NFT) ownership. An NFT is a unique cryptographic token that is built on a blockchain. They are assigned unique identification codes and metadata which distinguish them from other tokens, as such, NFTs can not be replicated. Unlike fungible cryptocurrency, NFTs can be used to represent digital or real-world items such as artwork and real estate. It can also represent individuals' identities, property rights, etc.

NFTs began to take over the digital market in 2021 through conventional and distinctive qualities. Just in the first quarter of 2021 alone, non-fungible tokens managed to scrape a whopping four billion dollars in sales, which was tripled in the second quarter of the same year when famous brands like Gucci and Coca-Cola, as well as Hollywood, joined this digital phenomenon, thereby providing NFTs a new level of exposure and experience. One project that can take both NFTs and cryptocurrency to the next level is MOE.

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Manson Ndubuisi

I am a crypto writer and a blockchain technology enthusiast. Here is my homepage link, https://mansonndubuisi.medium.com/