“Deloitte’s annual global blockchain survey has found that 76% of finance professionals think that digital assets ‘will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5–10 years.’
81% of respondents agreed that the technology is ‘broadly scalable and has achieved mainstream adoption.’ 73% thought that their business should adopt blockchain and digital assets, and would lose a competitive advantage if they do not adopt the technology.
The firm surveyed more than 1,000 finance professionals based in Brazil, China, Hong Kong, Japan, Singapore, South Africa, the United Arab Emirates, the United Kingdom, and the United States.”
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“Boba is an L2 Ethereum scaling & augmenting solution built by the Enya team as core contributors to the OMG Foundation. Boba offers fast exits backed by community-driven liquidity pools, shrinking the Optimistic Rollup exit period from seven days to only a few minutes, while giving LPs incentivized yield farming opportunities.
Boba’s extensible smart contracts will enable developers across the Ethereum ecosystem to build dApps that invoke code executed on web-scale infrastructure such as AWS Lambda, making it possible to use algorithms that are either too expensive or impossible to execute on-chain.
Our goal is to build a pragmatic L2 that is the first step towards opening Ethereum to the next Billion users.”
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“Nxtp is a simple protocol for fully noncustodial crosschain transfers and contract calls. Nxtp opens the door for developers to build contract-to-contract interactions across chains and rollups.”
“Tally is a community owned and operated Web3 wallet, building off of what the early MetaMask team paved for the Ethereum community. As entrenched products move toward corporate capture, Tally is an opportunity to deliver a wallet built on openness.
Unfortunately, there’s been a recent counter-trend against open source in the cryptocurrency space. Projects afraid of forks have resorted to closed source and restrictive licenses — to the detriment of their users. MetaMask — many users’ first introduction to Web3 — made this fundamental mistake. This Friday, August 20th, marks the 1-year anniversary of the team’s decision to abandon free and open source software.
Anywhere you can use MetaMask today to farm, swap, lend, and borrow, you’ll be able to use Tally. Instead of enriching a select few, all fees generated by the wallet will go to users, bootstrapping a robust community.“
“While people are waiting with bated breath on how the SEC will regulate the DeFi industry, Germany’s BaFin has already found a way. Realistically, the full stack needs to be regulated before institutional capital can move in.
BaFin has modernized its securities laws to bring DLT-issued assets in line with traditional financial laws, stipulating that crypto tokens should be classified as securities. While many may fear this ruling, clarity is actually helpful for the market and its participants who now have a clear direction.
It means asset-backed security tokens, when applicable, must have a prospectus like in traditional markets. This is a positive development for DeFi markets as it helps facilitate integration between traditional and crypto markets.
The synthetic products that currently exist are murky when it comes to the underlying assets backing them. The solution to this is to tokenize more real-world assets which will contribute to expanding the current DeFi ecosystem even just 10-100 times. For this to be meaningful, it needs to be done using a compliance wrapper and under a legal construct and prospectus recognized by a regulator, like BaFin or the SEC.”
“Across the globe, women have been sidelined when it comes to finance and technology, and the Middle East is no exception.
The distribution of knowledge is more egalitarian nowadays, as anyone with access to the internet can learn to code or trade. Decentralized finance (DeFi) can help to level the playing field when it comes to women’s finances, removing the need for intermediaries and reliance on centralized institutions that often fail to safeguard their money.
Where permitted, women in the Middle East stand to benefit disproportionately from access to cryptocurrency. The decentralized and anonymous nature of crypto transactions means that women will not be discriminated against based on their gender and can take control of their money without the involvement of intermediaries.”