🚀 Plume Network Joins Tokenized Asset Coalition
#PlumeNetwork #TokenizedAssetCoalition #TAC #tokenization #RWA #decentralizedfinance #publicblockchains #assettokenization #institutionalDeFi #testnet #blockchain
According to BlockBeats, on September 27, the RWA L2 network Plume Network announced its successful inclusion in the Tokenized Asset Coalition (TAC). Plume Network aims to facilitate the tokenization of over $3 billion in assets and will continue collaborating with industry leaders to enhance the tokenization of physical assets, streamline regulatory processes, and drive decentralized financial innovation. During its testnet phase, the project processed over $280 million in on-chain transactions, attracting participation from more than 18 million wallets.
TAC selected 21 new members from over 175 applicants, including Plume Network, a16z, Arbitrum, Aptos, Galaxy Digital, Wisdom Tree, Axelar, and Hashnote. The coalition's goal is to tokenize over $1 trillion in assets, promoting the adoption of public blockchains, asset tokenization, and institutional DeFi.
Previously, Plume Network completed a $10 million seed funding round led by Haun Ventures.#PlumeNetwork #TokenizedAssetCoalition #TAC #tokenization #RWA #decentralizedfinance #publicblockchains #assettokenization #institutionalDeFi #testnet #blockchain
🚀 Dutch Banks Participate In Digital Commercial Paper Issuance
#DutchBanks #DigitalCommercialPaper #Tokenization #DeutscheBörse #Clearstream #DLT #EuropeanCentralBank #CentralBankMoney #DigitalBonds #PublicBlockchains #Ethereum #Stellar #Polygon
According to Odaily, Dutch banks ABN AMRO and Rabobank have participated in the issuance of digital commercial paper. This paper was tokenized on Deutsche Börse's Clearstream D7 DLT platform. The transaction is part of the European Central Bank's distributed ledger technology experiment for wholesale settlement using central bank money. ABN AMRO has expressed a preference for issuing digital bonds on public blockchains, utilizing Ethereum, Stellar, and Polygon.#DutchBanks #DigitalCommercialPaper #Tokenization #DeutscheBörse #Clearstream #DLT #EuropeanCentralBank #CentralBankMoney #DigitalBonds #PublicBlockchains #Ethereum #Stellar #Polygon
🚀 Decentralized Identity Solutions: Challenges And Innovations
#DecentralizedIdentity #ZKProofs #KILTProtocol #MerkleTrees #DataBreaches #PublicBlockchains #CredentialValidity #DigitalIdentifiers #DecentralizedNetworks #WorldWideWebConsortium #IdentitySolutions #BuenosAires #ZKsyncEra #Worldcoin #NFT #BiometricData #Innovation #TechnicalChallenges #WLD
According to Cointelegraph, zero-knowledge (ZK) proofs, a method of verifying information without revealing its specific contents, have gained popularity in creating decentralized identity products. However, Ingo Rübe, CEO and co-founder of KILT Protocol, highlighted the challenges in government and institutional adoption due to the technical complexity of ZK-proofs.
In an interview, Rübe explained that decentralized identifiers, such as biometric data, could be selectively shared and verified onchain using Merkle Trees. This method, understood by all computer scientists, offers greater ease, speed, and efficiency compared to ZK-proofs. He also warned that the open-source software commonly used in ZK solutions could pose a risk of massive data breaches, as companies often rely on third-party libraries without clear accountability.
Rübe emphasized the importance of using public permissionless blockchains to store credential validity, allowing users to own and create their digital identifiers, which are stored locally and verified through decentralized networks. The World Wide Web Consortium developed a standard for decentralized identity solutions in 2022, underscoring the growing interest in this field.
Despite the technical barriers, several entities are exploring ZK-powered identity solutions. In October 2024, Buenos Aires announced the rollout of decentralized identification for residents using ZKsync Era. Additionally, on October 17, World, formerly known as Worldcoin (WLD), introduced the next generation of biometric data-collecting orbs and the World ID Credentials program. This initiative will enable individuals with NFT-enabled government passports to register their identity in the World system.
Rübe noted that different approaches to decentralized identity solutions, including ZK-proofs, are suitable for various use cases. However, he likened the use of ZK-proofs for decentralized identity to “taking a bazooka and trying to kill a fly,” indicating that simpler methods might be more effective for certain applications.#DecentralizedIdentity #ZKProofs #KILTProtocol #MerkleTrees #DataBreaches #PublicBlockchains #CredentialValidity #DigitalIdentifiers #DecentralizedNetworks #WorldWideWebConsortium #IdentitySolutions #BuenosAires #ZKsyncEra #Worldcoin #NFT #BiometricData #Innovation #TechnicalChallenges #WLD
🚀 Crypto Market Poised For Major Shift By 2025, Says Report
#CryptoMarket #Sygnum #Bitcoin #Altcoins #InstitutionalInvestors #RegulatoryEnvironment #MarketOutlook #Cryptocurrency #Innovation #Ethereum #PublicBlockchains #Memecoin #Inflation #Liquidity #ProjectRevenues #UserGrowth
According to PANews, Swiss cryptocurrency bank Sygnum has released its '2025 Crypto Market Outlook Report,' suggesting that the year 2025 could mark a significant turning point for the cryptocurrency market. The report anticipates that the continued influx of institutional investor funds, an improved regulatory environment, and the potential inclusion of Bitcoin in sovereign wealth funds and central bank reserves will drive cryptocurrency prices upward.
The report highlights a shift in the stance of the U.S. government and regulatory bodies towards a more favorable outlook for cryptocurrency development. This regulatory improvement is expected to particularly benefit altcoins. However, the report also warns of potential risk factors that could limit market growth, such as inflationary pressures, tightening liquidity cycles, and the memecoin bubble.
Furthermore, the report notes that innovation at the infrastructure level has become a focal point for the industry. While Ethereum faces challenges, emerging public blockchains are showing strong performance. Additionally, the report points out that the ability of private entities to capture project revenues and the lack of user growth for certain applications are also hindering the performance of altcoins.#CryptoMarket #Sygnum #Bitcoin #Altcoins #InstitutionalInvestors #RegulatoryEnvironment #MarketOutlook #Cryptocurrency #Innovation #Ethereum #PublicBlockchains #Memecoin #Inflation #Liquidity #ProjectRevenues #UserGrowth
🚀 Layer1 Valuation Premiums Decline Amid Market Shifts
#Layer1 #ValuationPremiums #MarketShifts #DelphiDigital #FatProtocols #FatApplications #PublicBlockchains #Stablecoins #USDC #USDT #Circle #Tether #Layer2 #BlockchainRevenue #Cryptocurrency
According to Odaily, Delphi Digital has noted a shift in the valuation of Layer1 protocols, with the market transitioning from 'fat protocols' to 'fat applications.' This change has been ongoing, but only recently has the market begun to price it in. The demand for homogeneous infrastructure is decreasing, and investor expectations have shifted.
Major public blockchains are under increasing pressure to demonstrate real and sustainable recurring revenue. Stablecoins may offer a solution, with over $30 billion in USDC and USDT deployed across various alternative Layer1 and Layer2 networks, generating more than $1 billion in annual revenue for Circle and Tether. The ecosystems driving this stablecoin demand generate approximately $800 million in fee revenue. Many blockchains have recognized this and are working to internalize the economic benefits of stablecoins rather than continuing to subsidize issuers.#Layer1 #ValuationPremiums #MarketShifts #DelphiDigital #FatProtocols #FatApplications #PublicBlockchains #Stablecoins #USDC #USDT #Circle #Tether #Layer2 #BlockchainRevenue #Cryptocurrency
🚀 Arcium Launches Mainnet Alpha on Solana
#Arcium #MainnetAlpha #Solana #EncryptedComputing #PublicBlockchains #VerifiableApplications #Composability #Umbra #PrivateMainnet #ShieldedFinancialLayer #EncryptedTransfers #EncryptedExchange #BlockchainDevelopment #SOL
Arcium has launched its mainnet Alpha version on Solana, transitioning its encrypted computing network from a test environment to early production infrastructure. According to PANews, this project aims to power encrypted capital markets on public blockchains, allowing developers to build verifiable and composable applications while keeping data fully encrypted.
The first application to go live on this network, Umbra, has simultaneously launched its 'private mainnet.' It has constructed a shielded financial layer on Solana through a phased rollout, initially offering shielded transfers and encrypted exchange functions. Access will be limited initially, with 100 users allowed per week and a deposit limit of $500. The access scope and limits are expected to expand in February.#Arcium #MainnetAlpha #Solana #EncryptedComputing #PublicBlockchains #VerifiableApplications #Composability #Umbra #PrivateMainnet #ShieldedFinancialLayer #EncryptedTransfers #EncryptedExchange #BlockchainDevelopment #SOL