Bloomly

What Is Decentralized Finance (DeFi) and How Does It Work? Decentralized finance (DeFi) is an emerging peer-to-peer financial system that uses blockchain and cryptocurrencies to allow people, businesses, or other entities to transact directly with each other. The key principle behind DeFi is to remove third parties like banks from the financial system, thereby reducing costs and transaction times. Read more about DeFi here:

Solana, Bitcoin, and Ethereum Lead the NFT Market to a 20% Growth: The NFT market saw a notable recovery this past week, with $91 million in total transactions. CryptoSlam Inc., a popular statistics website for the crypto market, reports that after a period of slow development, global sales have increased by 20.58% due to a surge in activity across multiple blockchain networks.

Gold Arrives on 'Digital Gold' as Bitcoin Gets Tokenized Version of the Metal: Bitcoin, the cryptocurrency, is often referred to as "digital gold," but now it is possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol – essentially encoding ownership of the yellow metal into an NFT. Ordinals involves inscribing individual satoshis (the smallest unit of BTC at 1/100,000,000 of a full bitcoin) with data, such as images or text, making them unique and attaining individual value. They're often thought of Bitcoin's version of non-fungible tokens, or NFTs. https://lnkd.in/gjCkmq7K

Looking forward to having Audrey Nesbitt present on the special New Trends Stage during FIC North America InCyber Forum. This stage will spotlight the most exciting developments in digital security, focusing on Trust, Security, and Compliance in Web3 Technologies. Topics include the security of blockchain, fintech innovations, the rise of smart contracts, and the regulation and trust surrounding cryptocurrencies. With Web3 reshaping the digital landscape, these sessions will provide insights into securing the future of decentralized technologies. Looking forward to seeing many of our WEB3 friends in Montreal!

NFTs weekly sales volumes hit highest level since August Data from the NFT market tracker CryptoSlam! shows weekly sales between Sept. 30 and Oct. 6 topped out at more than $84.9 million. It’s the highest weekly NFT sales volume since the week ending Aug. 25, when it exceeded $93 million. https://lnkd.in/gBiUgh5E

Mizuho Bank, Fujitsu collaborate to use DLT for carbon credits: Three major Japanese companies, heavy industry firm IHI, Fujitsu and Mizuho Bank are collaborating to make the carbon credit issuance process less cumbersome with the help of blockchain. https://lnkd.in/gZ3RwPTn

Exclusive: Indonesia's Prabowo plans $65 bln green fund from selling carbon credits. Indonesia's President-elect Prabowo Subianto plans to launch a green economy fund by selling carbon emission credits from projects such as rainforest preservation, aiming to raise $65 billion by 2028, an adviser told Reuters. A new regulator for carbon emission rules will be established to oversee efforts to reach Indonesia's emissions targets under the Paris agreement, said Ferry Latuhihin, one of Prabowo's advisers on climate policies.

NFTs and Stablecoins: 2024’s Growing Buyer Confidence - In 2024, the cryptocurrency market has seen significant shifts, with two standout trends: the resurgence of stablecoins and the evolving dynamics within the NFT market. According to AMBCrypto’s latest report, while the NFT market has experienced a decline in transaction volumes, buyer interest has notably increased. At the same time, the stablecoin market, led by giants like Tether (USDT) and USD Coin (USDC), has surged to near-record highs. Together, these developments reflect a growing confidence among crypto investors, who are increasingly seeking stability and long-term value in their investments. Read more about it here: https://lnkd.in/gU-HztAq

Shibarium’s Key Milestone And Why NFT Creators Are Loving It: 👉Shibarium beta mints 140,000 NFTs with only 800 BONE in fees, showcasing platform scalability. 👉BONE token central to Shibarium operations, powering transactions, and SHIB burns. 👉Shibarium NFT minting costs under $310, paving the way for large-scale, cost-efficient creator projects. Read all about it here: https://lnkd.in/g799CkUe

The weekly sales volumes of non-fungible tokens on some of the top blockchains for digital collectibles have turned positive after suffering a series of volume drops in 2024.   On Aug. 26, data from NFT tracker CryptoSlam Inc showed that digital collectibles based on the top 5 blockchains for NFTs had a good week regarding sales. Ethereum, Solana, Polygon and Mythos Chain have seen an increase in volume, with Polygon leading with a 123.20% increase in seven-day sales. Meanwhile, Ethereum followed with a 32.79% increase, while Solana showed a 12.13% in weekly sales.