The best NFT projects have a few things in common, like creativity, appeal to a clear audience and value beyond the price, experts say. To be successful, brands need to attract the web3 community to their NFTs, but they shouldn't forget their existing core customers either. Projects that come off as a quick cash grab
Ethereum is a technology platform that is being built for the long term. It is the foundation on which the future of the internet (Web3), and the future of finance (DeFi) is being built. Over the last two years, the network saw skyrocketing figures for adoption and utilization—strong signals for network maturity. Today, more than
Yat Siu, the cofounder and chairman of Animoca Brands, believes the transition to Web3, the next generation of the internet, will happen sooner than many people think. “Within the next 18 months or so, we expect hundreds of millions of new entrants into the open metaverse because the quality of open metaverse products, such as new
As reported by Bloomberg, citing a post from the body, the payment enhancement will be in collaboration with Symbiont Inc, a blockchain startup with innovative fintech solutions. The SWIFT blockchain pursuit will be used to create “efficiencies in communicating significant corporate events,” like dividend payments and mergers, SWIFT said in its post. SWIFT presents one of the
When non-fungible tokens (a.k.a. NFTs ) — essentially certificates for digital or physical assets — first launched, big brands stayed pat. They didn't launch their own, entertain the then-trend (now full-blown industry) or rush to retrofit prior releases with crypto perks. Folks knew there would one day be a Nike NFT, but when Nike first showed hesitancy, many
While State Street’s digital arm is working on the ability to custody cryptoassets by the end of the year, tokenization remains a top focus for the business going forward as institutions continue to show interest in the segment. Using distributed ledger technology to tokenize funds and private assets, for example, to improve efficiency and accessibility
In 2020 and 2021, nearly 5,000 clinical trials were launched to test life-saving treatments and vaccines for the novel coronavirus. These Covid-19 clinical trials saw enrollment levels that were 80% higher than average. However, for many diseases, such as cancer, less than 10% of eligible patients enroll in a trial. Many patients only enroll in
In a series of points of view from EY Financial Services Organization (FSO) Consulting, we explore the impact of the metaverse and digital assets on the financial services industry. We’ll assess the impact of digital assets and how clients will seek the assistance of both traditional and crypto-native financial firms to harness these assets to
WASHINGTON, DC – The US Department of the Treasury’s Office of Foreign Assets Control recently sanctioned a technology called Tornado Cash, on the grounds that it “has been used to launder more than $7 billion worth of virtual currency since its creation in 2019." Such enforcement measures are nothing new. But what makes this case
Wall Street’s biggest banks have largely avoided investing directly in cryptocurrencies. But many are quietly working to integrate blockchain, the technology behind crypto, into trading and other businesses. Goldman Sachs GS -1.74%▼ Group Inc. is already trading some bonds and other debt securities for clients on blockchain-based networks such as Ethereum, and the bank is building its own blockchain-based
