The freelance economy is thriving, with millions of professionals working remotely and providing services to clients worldwide. However, despite its growth, freelancers and their clients often face challenges that can complicate transactions: mistrust, delayed payments, and lack of accountability. This is where Arowana Smart Escrow Service comes into play, offering a secure, transparent, and blockchain-powered solution for hassle-free transactions. Why Escrow Services are Essential for...
about 17 hours ago • 1 min read
E-commerce is booming, but it’s not without challenges. Payment disputes, fraudulent transactions, and unfulfilled orders are common issues faced by buyers and sellers. In 2022, global e-commerce fraud losses reached $41 billion, with projections to exceed $48 billion by 2023 (Mastercard Insights). Online escrow services provide a reliable solution by acting as a neutral third party to secure transactions. How It Works Agreement: The buyer and seller agree on the terms of the transaction....
4 days ago • 1 min read
Freelancers and businesses often face payment risks: freelancers fear not getting paid, while businesses worry about paying upfront for incomplete work. Online escrow services solve this by acting as a neutral third party. How It Works Agreement: Both parties define terms. Deposit: The client deposits funds into escrow. Dual Control: Both parties approve transactions. Delivery: The freelancer submits work for approval. Release: Funds are released upon mutual agreement. Benefits for...
8 days ago • 1 min read
When it comes to buying and selling NFTs and digital art, marketplaces and platforms often come to mind as the go-to solution. However, while these platforms offer convenience, they are not without limitations—particularly when it comes to ensuring secure and transparent transactions. This is where smart contract escrows like Arowana Smart Escrow could step in as a superior alternative. Here’s how: 1. Personalized Service Unlike standard marketplaces, Arowana Smart Escrow provides a highly...
12 days ago • 2 min read
Hi Everyone,I came across a very interesting podcast that I thought was worth sharing. Perhaps some of you have already listened to it? It’s a conversation between Magnus Resch and Proof, where they discuss the art world, what makes an artist successful, the role of collectors in digital art, digital art vs. physical art, and much more. Here are some key takeaways: The art market is not growing; record prices are limited to a tiny minority of artists, while 99.9% of the market struggles....
20 days ago • 1 min read
With one of Trump’s main goals being to rebuild U.S. manufacturing and bring back jobs for American workers—while keeping the dollar’s status as the world’s reserve currency—I was reminded of a concept that suggests these two goals may actually contradict each other: the Triffin Dilemma. Here’s how it works: Currency Overvaluation: For a currency to serve as a reserve, it must be stable and in high demand internationally. This demand tends to increase the value of the currency relative to...
about 2 months ago • 3 min read
Hi Everyone, I was recently contacted by a brand in the blockchain hardware wallet space to showcase their NFT-focused product, the SecuX Nifty. I was intrigued to learn more about this company and encouraged to see more players entering the space, making it increasingly vibrant. I’ve created a video (link below) that gives a brief overview of SecuX, explores the Nifty and its pricing, reviews the device and its app, and covers some Q&A with the SecuX team. Disclosure: This post contains...
about 2 months ago • 2 min read
The 2024 BRICS summit was extremely interesting with respect to blockchain and crypto. If we focus on the signal rather than the noise, these digital ledger technologies are likely to play a powerful role in trade, business, and geopolitics. I shared three pieces of information: a presentation on BRICS Pay, which provides a brief on its infrastructure; a video clip of Putin discussing crypto; and a toolkit for investment and development for BRICS and other emerging economies. Additionally,...
about 2 months ago • 1 min read
First of all, it is very telling that the report focused on AI, highlighting the growing interest in this space. In summary, seasoned art collectors are largely a no-go market for AI-generated art. By most metrics, they did not value this art form. The real momentum lies with younger collectors, new collectors, and art enthusiasts. As the AI-generated art market matures, these groups may be the ones to carry it forward. We should also consider the “great transfer of wealth,” estimated at $70...
2 months ago • 2 min read