Venly

Our CMO and CSO Stefan Colins is attending SaaStock Europe, 14-16 Oct 2024, Royal Dublin Society, Dublin. Want to learn how to integrate blockchain into your SaaS platform? Let's meet up and discuss your ideas!

Thanks for tagging us. Our CMO and CSO Stefan Colins looks forward to attending. If you want to discuss how to bring Web3 to your project or business, let us know. We can't wait for next week!

🎉 Exciting news! Our CMO, Stefan Colins, will be attending SaaStock Europe 2024 as a VIP guest. SaaStock is the premier event for SaaS founders, investors, and leaders, happening from October 14-16 at the Royal Dublin Society in Dublin. 🔗 Learn more here: https://lnkd.in/dSXcep-v

We've got another new feature for our Wallet API; the Encrypted PIN Transfer! This upgrade enhances the security of transferring user PINs. It allows for secure PIN sharing without revealing the actual PIN, utilizing advanced encryption techniques. This feature enhances the security of your end-user transactions, ensuring data integrity and confidentiality. We have also added a new security endpoint which exposes the Venly public key used for encryption. 🔐 Encrypted PIN Transfer It allows you to transfer the end-users signing methods (PIN, Emergency Code, Biometrics) in a secure and encrypted way so that it is not visible on your system in any way. Your system won't be able to view or read the end-user signing method's value. This feature also ensures that the original end-user request body is not tampered with and helps avoid duplicate transactions. ❓Why This Matters ◾ Stronger Security: By encrypting PIN transfers, user data is better protected against unauthorized access. ◾ Better Data Integrity: SHA256 hashing makes sure the data remains unchanged during transmission.

🖼 How Real World Assets (RWA) Can Solve Key Challenges for High-Value Art Investment Platforms? Art investment has always been a lucrative but complex industry, especially for platforms dealing with high-value pieces. Real World Assets (RWAs) offer a modern solution to some of the most pressing issues these platforms face. By tokenizing artworks on blockchain, RWAs introduce transparency, liquidity, and accessibility to the art world. Key Challenges Faced by Art Investment Platforms: 🔴 Illiquidity: Traditional art investments are often long-term, with investors unable to sell or transfer their stakes quickly. 🔴 Transparency Issues: Tracking the provenance and authenticity of artworks is difficult, which makes fraud a constant threat. 🔴 High Barriers to Entry: Investing in art typically requires substantial capital, limiting access to only a small group of investors. How RWAs Solve These Issues: ✅ Liquidity: Tokenizing high-value art allows fractional ownership, making it easier for investors to buy and sell smaller shares of an artwork. This introduces liquidity into an otherwise illiquid market. For instance, a painting worth $1 million can be divided into 1,000 tokens, enabling investors to buy or sell tokens as they wish. ✅ Increased Transparency: Blockchain technology provides an immutable record of ownership and provenance, drastically reducing the risk of fraud. Art investors can easily verify the authenticity of their pieces and track their ownership history. ✅ Lowering Entry Barriers: RWAs make it possible to lower the minimum investment in art by allowing fractional ownership. Investors who might not have millions to spend can still own a piece of high-value art for as little as a few hundred dollars. Statistics That Matter: ◾ The global art market was valued at $67.4 billion in 2022, with high-value pieces accounting for a significant portion of this. ◾ Blockchain-based tokenization is expected to create a $16 trillion asset market by 2030. ◾ The average art investment can take 10-20 years to deliver significant returns; tokenization accelerates liquidity and accessibility. By adopting Real World Assets, art investment platforms can expand their market reach, provide more security, and attract a broader range of investors. Ready to scale your art project? Text us to get a professional consultation on how your business can grow using RWAs.

✨ Venly Faucet Update: Now Supporting Polygon, Avalanche, and Base Testnets The Venly Faucet has expanded its reach! Developers can now access free testnet tokens for Polygon, Avalanche, and Base testnets, simplifying the process of testing smart contracts and dApps. Tokens are available every 24 hours, ensuring you can continue building without interruptions. 🔗 Need a step-by-step? Check out our full guide here: https://lnkd.in/g9rpQg4s

Game studios face numerous challenges, from securing funding to navigating complex regulatory landscapes. Traditional funding methods can be limiting, but tokenizing in-game assets through blockchain opens new revenue streams and investment opportunities. Players can now own, trade, and sell digital assets, leading to higher engagement and new income from transaction fees and royalties. For example: ▪ Revenue Growth: The blockchain gaming market is expected to grow from $1.4 billion in 2021 to $5.3 billion by 2026. ▪ New Revenue Streams: Tokenized assets like in-game items, virtual real estate, and characters provide passive income for both players and studios. Incorporating blockchain also allows for more flexible monetization models, such as play-to-earn and NFT-based rewards, which provide real value to players for their time and efforts. In the first half of 2021, play-to-earn games generated over $2.5 billion in revenue, with numbers likely even higher in 2024. Venly’s tools enable easy integration with cross-platform compatibility across over 10 blockchains, making the technology more accessible to studios without overloading development teams. Regulatory issues are another hurdle, but Venly helps studios automate compliance, ensuring global launches meet legal requirements like KYC and AML. Gaming studios can streamline project management, avoid scope creep, and secure long-term sustainability by adopting blockchain and real-world assets. This technology not only enhances the gaming experience but also facilitates global transactions, driving transparency and trust within the industry. ⬇ Dive into all monetization options for game studios in the article linked in the comments.

Toyow leverages Venly’s tools to connect financial markets with passion-driven Real World Assets (RWAs), offering secure and transparent investments. Click on the link in the comments to learn how you can grow your project with our Web3 APIs ⬇️

Explore how RWAs (real-world assets) can resolve issues in the Real Estate, Art, Luxury, and Gaming industries. 🔄 Swipe through the carousel to dive into RWAs use cases and solutions.

Our Developer Portal isn’t just for developers - it’s a game-changer for businesses looking to tap into the power of #blockchain technology. We make blockchain accessible and scalable for businesses of any size. 💡 Why Venly? • Reduce operational complexity with easy and fast blockchain integration. • Stay compliant while navigating the evolving digital asset landscape. • Boost your brand’s innovation, providing secure solutions for everything from digital assets to smart contracts. From streamlining processes to driving new revenue streams, Venly helps you future-proof your business. Learn more about the portal here 👉 https://lnkd.in/duPghc6G #blockchain #innovation #digitalassets #tokenization