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NFTs and Smart Contracts Made Easy: Lexyom Simplifies Smart Contract Creation and Auditing to Save Clients Time

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Just one year ago, NFTs remained largely outside mainstream public discourse, known and understood only by fringe groups of crypto enthusiasts. By the end of 2021, however, the phenomenon had grown into a $41 billion industry. An NFT, or “non-fungible token”, refers to verifiable ownership of digital material through the use of blockchain technology. At the outset, the digital ‘material’ being bought and sold online mostly consisted of digital art, however, as the year progressed, creators and programmers consistently stretched the boundaries of the term. Tweets, virtual clothing, and even sequences of DNA all sold for increasingly large sums in 2021 as investors and fans rushed to purchase them in the form of NFTs. 

NFTs function by way of smart contracts, which power the tokens’ transferability and verification of ownership. Still, despite their critical role in the production and trading of NFTs, smart contracts and their importance remain less discussed.

What are Smart Contracts?

Like traditional contracts, smart contracts are used anytime two parties wish to establish terms and mutual obligations through a binding contract. The difference between them lies primarily in smart contracts’ utilization of blockchain technology, which allows for decentralized, transparent, and automated agreement execution, without the need for traditional third party involvement. 

NFTs are minted through smart contracts that assign original ownership, while still allowing for transferability. When someone mints an NFT, they execute code stored in smart contracts that conform to different standards, such as the most commonly used standard: ERC-721.

Where does Lexyom come in?

Lexyom creates custom smart contracts for minting NFTs, producing a totally unique body of code for each individual client. Where platforms such as OpenSea operate through a shared hosting system, thereby negating one of the central premises of the crypto ethos: decentralization, Lexyom works to write smart contracts free from the oversight of a single authority. What would happen should such large platforms go down for maintenance?

Centralized conformity to pre-existing standards entails a general loss of security by way of overreliance on a single authority to execute code. 

Beyond this, Lexyom offers a smart contracting auditing service, for clients seeking to verify the credibility and strength of already existing contracts. Their team of Web 3 developers brings years of project experience to review the contract and ensure it functions clearly, coherently, with the full validity and transparency necessary to guarantee client satisfaction. Smart contract auditing serves as a final stamp of approval from an accredited legal service provider.

For more information, or to learn how you can create or audit your own smart contracts, visit www.lexyom.com

Twitter: @LexyomLaw
Instagram: @LexyomLaw

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Turning Tragedy into Triumph Through Walking With Anthony

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On the morning of February 6, 2010, Anthony Purcell took a moment to admire the churning surf before plunging into the waves off Miami Beach. Though he had made the dive numerous times before, that morning was destined to be different when he crashed into a hidden sandbar, sustaining bruises to his C5 and C6 vertebrae and breaking his neck.

“I was completely submerged and unable to rise to the surface,” Purcell recalls. “Fortunately, my cousin Bernie saw what was happening and came to my rescue. He saved my life, but things would never be the same after that dive.”

Like thousands of others who are confronted with a spinal cord injury (SCI), Purcell plunged headlong into long months of hopelessness and despair. Eventually, however, he learned to turn personal tragedy into triumph as he reached out to fellow SCI victims by launching Walking With Anthony.

Living with SCI: the first dark days

Initial rehabilitation for those with SCIs takes an average of three to six months, during which time they must relearn hundreds of fundamental skills and adjust to what feels like an entirely new body. Unfortunately, after 21 days, Purcell’s insurance stopped paying for this essential treatment, even though he had made only minimal improvement in such a short time.

“Insurance companies cover rehab costs for people with back injuries, but not for people with spinal cord injuries,” explains Purcell. “We were practically thrown to the curb. At that time, I was so immobile that I couldn’t even raise my arms to feed myself.”

Instead of giving up, Purcell’s mother chose to battle his SCI with long-term rehab. She enrolled Purcell in Project Walk, a rehabilitation facility located in Carlsbad, California, but one that came with an annual cost of over $100,000.

“My parents paid for rehabilitation treatment for over three years,” says Purcell. “Throughout that time, they taught me the importance of patience, compassion, and unconditional love.”

Yet despite his family’s support, Purcell still struggled. “Those were dark days when I couldn’t bring myself to accept the bleak prognosis ahead of me,” he says. “I faced life in a wheelchair and the never-ending struggle for healthcare access, coverage, and advocacy. I hit my share of low points, and there were times when I seriously contemplated giving up on life altogether.”

Purcell finds a new purpose in helping others with SCIs

After long months of depression and self-doubt, Purcell’s mother determined it was time for her son to find purpose beyond rehabilitation.

“My mom suggested I start Walking With Anthony to show people with spinal cord injuries that they were not alone,” Purcell remarks. “When I began to focus on other people besides myself, I realized that people all around the world with spinal cord injuries were suffering because of restrictions on coverage and healthcare access. The question that plagued me most was, ‘What about the people with spinal cord injuries who cannot afford the cost of rehabilitation?’ I had no idea how they were managing.”

Purcell and his mother knew they wanted to make a difference for other people with SCIs, starting with the creation of grants to help cover essentials like assistive technology and emergency finances. To date, they have helped over 100 SCI patients get back on their feet after suffering a similar life-altering accident.

Purcell demonstrates the power and necessity of rehab for people with SCIs

After targeted rehab, Purcell’s physical and mental health improved drastically. Today, he is able to care for himself, drive his own car, and has even returned to work.

“Thanks to my family’s financial and emotional support, I am making amazing physical improvement,” Purcell comments. “I mustered the strength to rebuild my life and even found the nerve to message Karen, a high school classmate I’d always had a thing for. We reconnected, our friendship evolved into love, and we tied the knot in 2017.”

After all that, Purcell found the drive to push toward one further personal triumph. He married but did not believe a family was in his future. Regardless of his remarkable progress, physicians told him biological children were not an option.

Despite being paralyzed from the chest down, Purcell continued to look for hope. Finally, Dr. Jesse Mills of UCLA Health’s Male Reproductive Medicine department assured Purcell and his wife that the right medical care and in vitro fertilization could make their dream of becoming parents a reality.

“Payton joined our family in the spring of 2023,” Purcell reports. “For so long, I believed my spinal cord injury had taken everything I cared about, but now I am grateful every day. I work to help other people with spinal cord injuries find the same joy and hope. We provide them with access to specialists, funding to pay for innovative treatments, and the desire to move forward with a focus on the future.”

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