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Since January 31st, when the Litecoin Core 0.21.2 MimbleWimble upgrade was 

, everyone in the crypto community seems to be asking the same question - What will this bring? Will it revive the whales’ interest in the project? How will Litecoin grow after the upgrade? The truth is that Litecoin has suffered a major fall during the last 12 months, going from 5th to 21st since January 2021. The general hope surrounding the upgrade is that it will blow some fresh air rekindling the romance with fallen investors. This article will attempt to explain the advantages and future of Litecoin after the upgrade and whether or not it will leave its mark on the market cap rankings.

The privacy-oriented protocol named MimbleWimble is making headlines in crypto circles. Introduced by an anonymous user named Tom Elvis Jedusor (the French nickname of Harry Potter’s nemesis, Voldemort) on a cryptography mailing list in July 2016, MimbleWimble is an approach to privacy and scaling based on a cryptographic application called Confidential Transactions. Transactions are prevented from being traced unless you explicitly want them to be known.

The improvements that Mimblewimble Extension Block (MWEB) could bring to Litecoin generated optimism since the news of the incorporation first came to light. Especially if we consider that LTC’s last update was Segregated Witness's activation quite a few years ago. Integrating this protocol into Litecoin's network is supposed to shield the identities of the participants of every transaction, conceal the amounts transferred and improve the network’s processing capabilities by reducing the blocks’ size. With the launch of this promising upgrade, Litecoin’s price is expected to rise and fuel the interest of big investors.

MWEB promises to deliver fungibility to the point of making Litecoin one of the top options for digital payment in the market. Clear evidence of the faith invested in the upgrade is the fact that Coin Price Forecast predicts that Litecoin will rise 35% by the end of 2022. For now, what is certain is that LTC’s social engagement increased 93%, and it was exceptionally high during the upgrade announcement.

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Where Will the MimbleWimble Upgrade Take Litecoin?

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Non-fungible tokens (NFTs) are quickly becoming the standard when it comes to blockchain-based collectibles. However, many people still don’t know what they are or why they’re so important. Non-fungible tokens are one of the newest innovations to blockchain technology. It allows people to create their own digital collectibles that can represent real-life assets or values. It is also a secure way to store those assets on a distributed ledger. Since their inception, thousands of NFTs have been bought and sold. But a few special ones will remain in our collective memory for a while, whether it is for their artistic value or for the incredible amounts of money they were sold for. Find out more about them and why they are so well known and popular in this article. Let’s get started!

Beeple, Everydays – The First 5000 Days

In March 2021, a motion artist and graphic designer by the name of Beeple, a.k.a Mike Winkelmann sold a one-of-kind piece to a global collector in exchange for $69.3million in cryptocurrency. The piece is a collage the artist made by adding one artwork a day for, you've guessed it, 5,000 days. Winkelmann created one piece of digital art a day since May 1st, 2007. The art piece, minted into NFT, shows the growth of Beeple in visual art and his incursion in 3D art and color technique evolution.

The piece is a digital 3D model of a futuristic designed house, with neon lights and an ambient soundtrack composed by Jeff Schroeder of Smashing Pumpkins. The buyer of this vanguardist art piece was the foundation, Art on the Internet. The artist Krista Kim sold the first digital home on SuperRare for 288 ETH –at that time, the equivalent of half a million dollars.

Time to talk about the most expensive NFT ever sold. The Merge’s auction was done by Nifty Gateway in a shared format. The price for each share started at $299 for buyers who already owned work from the anonymous artist Pak. Once the auction went public, the price per share skyrocketed to $525 and increased $25 every hour. By the end of the auction, the NFT formatted art piece had 28,000 owners and a total net worth of $91.8 million, breaking the record for the most expensive piece of art ever sold, a record held by the American artist Jeff Koons with the sculpture “Rabbit”.  Each of the 266,445 units of the piece is meant to be combined into a group-owned digital collage.

One of history’s most famous NFT collectibles was created by Ross Ulbricht, owner of the platform Silk Road. In 2015, Ulbricht was sentenced to life imprisonment at the age of 31 on multiple felony charges related to running an underground website called Silk Road where anyone could buy and sell illegal drugs using bitcoin as payment. “Genesis” is a collection of art pieces that Ulbricht created behind bars and turned into NFTs. The first item of this collection is a graphite pencil drawing entitled “Perspective.” The proceeds from the auction were destined to a fund committed to the liberation of Ross Ulbricht from prison.

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Which Are the Most Interesting Art Pieces Sold as NFT

Once every four years, thirty two countries compete against each other in a battle of twenty two players. Even though numbers are important when it comes to football (or soccer, if you hail from the land of the apple pie), there are better subjects to cover when it comes to FIFA’s 2022 World Cup.

In the close to hundred years of history of the World Cup, seventeen countries have hosted the championship, but this will be the first time for a small, wealthy, middle eastern country like Qatar.

With no football history whatsoever, the FIFA baptism of Qatar comes with pandemic challenges, and a full load of opportunities that could make the fourth richest country in the world, even more prominent after the end of the final match.

But what do the most popular competition in the world and the most avant-garde technology introduced to humanity since the Internet have in common? A lot. For starters, Qatar’s World Cup committee announced that it’s using Blockchain Technology to help them with their ticketing process, which is definitely notable because this will be one of the first times that this cutting-edge resource will be used in a widespread global sporting event.

Blockchain is similar to a database that many users can access and edit. Every action done in this database, or ledger, is recorded and accounted for, so corrupting the blockchain is impossible. This accountability makes blockchain technology ideal for maintaining efficient, immutable lists of records, like cryptocurrency transactions. The great thing about blockchain is that it's decentralized, meaning no one party controls it, and every time someone makes a transaction, a record of it is added to a block of the public ledger.

Blockchain Used for the Construction of Infrastructure

Welcoming millions of football fans was a challenge even before the pandemic struck. For a small country of close to three million residents, the existing infrastructure was insufficient so, Qatar had to invest millions in the construction of bridges, buildings, stadiums, and the lot.

To complete the goal of constructions needed for the world cup, the Qatari building sector hired Bimtrazer, a multi-national company that uses cutting-edge technologies to optimize construction processes. The company combines BIM (Building Information Modelling) with Artificial Intelligence and Blockchain Technology. Using a peer-to-peer network allows the parties involved in the building project to have constant feedback, trace materials, and collaborate transparently through a secure channel elevating work standards.

The Situation with Crypto Gambling in Qatar

Of course, a major sport event like the World Cup will feature a logical amount of betting. However, betting is illegal under Islamic law, and Qatar is primarily Muslim. In addition, there is a  current ban on crypto enforced by Qatar Financial Centre Regulatory Authority.

Given these facts, we’d have to assume that, at least legal, betting will not be carried out in Qatar during the FIFA World Cup. Least of all, in crypto.

However, thousands of crypto gambling sites will thrive outside of the hosting country since the pandemic made most governments relax regarding both crypto and gambling restrictions.

What would be FIFA's 2022 World Cup’s Blockchain Legacy?

Adopting new technologies in such high-profile sporting events will set a precedent for sporting and non-sporting events worldwide. It could also provide a fertile ground to make Blockchain Technology mainstream.

A contributing factor is that the MEA sector is on the verge of potential growth in this arena, which allows investors to collect high returns on investment.


A clear result of this stimulus is Microsoft’s recent partnership announcement with Qatar Science & Technology Park to boost the development of Qatar based start-ups. This partnership includes the monthly hosting of workshops on blockchain services and other relevant topics.


All things considered, some people might think that Blockchain Technology is a distant, complicated concept, but it is clear that this tool can take many forms and simplify everyday processes in all kinds of scenarios. So no matter if you are introduced to blockchain while playing in 

 or when you buy a ticket for your team’s match, this technology is changing modern life, adapting to different necessities, and pushing for a more decentralized world.

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Once every four years, thirty two countries compete against each other in a battle of twenty two players. Even though numbers ...

What does Blockchain Have to do with the 2022 FIFA World Cup?

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