Author: Angela Wang

The future of digital identity is now as we enter the dawn of a new age with the integration of Masa Finance’s soulbound tokens into Coinbase’s Base network. As described in Masa’s April 4 announcement, the new tokens allow users to link identifying and reputational characteristics to their wallet addresses, allowing them to benefit from transactional-based credit underwriting through the implementation of blockchain technologies. (Valium) Masa had previously released its Soulbound Token protocol for the Ethereum and Celer networks, but its integration with Coinbase embodies a whole new era of possibilities for Web3 users.

Coinbase is the largest centralized crypto exchange in North America, launching its Base Network testnet in Feb. 23, aiming to implement it as an optimistic rollup layer 2 for Ethereum. Traditional credit scores for the crypto industry had been stagnant for a while, until now.

Masa’s soulbound protocol can be used for a multitude of applications, such as human-readable domain names, membership badges, loyalty programs, achievement badges, and offering users the ability to prove their identity when participating in services and games, thus eliminating spam and bots.

To make the protocol readily available to users, Masa is set to release its Base SBT Developer Toolkit, an easy to use bundle which contains a quickstart guide, Masa command line interface, software development kit, REACT developer tools, and examples of how to build applications using the Masa soulbound tokens.

The protocol allows for standardized soulbound tokens to be minted for Know Your Customer (KYC) verifications, credit scores, and other use cases. Unlike ENS names, SBTs added benefit of being able to link to various Masa identity characteristics.

The concept of SBTs are attached to a user who, through the protocol, can represent their credit score and a “.soul” domain name for the Web3 space. Over 10,000 data points are taken into account in a Masa credit score, including a user’s FICO score, Plaid transaction data for credit and debit cards, Web3 wallet transaction history, centralized exchange balances, and other data.

All of these points, along with the risk-based underwriting factor, make Masa’s soulbound tokens a revolutionary step forward in the world of digital finance.

The SBT protocol also has a third use case called “Masa Green”, a feature set to be released soon which allows users to mint a Masa Green token to prove their identity– thus allowing them to take part in play-to-earn games and other applications without the worry of bots ruining the experience.

Masa is currently the first soulbound token protocol available on the Ethereum network, but Binance has released its own version, called BAB, which can be used to verify a users identity.

The European Union (EU) recently suggested using zero-knowledge proofs for digital IDs, and the Japanese financial firm Sumitomo Mitsui is looking into SBTs for social reasons. All of this, compounded by the metaverse’s keenness for digital identity solutions, set to be provided by Masa’s soulbound tokens, leads us all to the inescapable conclusion that, with the help of Coinbase’s Base Network, we are now on the path towards total onboarding.

It’s been an exciting month in the world of cryptocurrencies and digital gold assets, as both Bitcoin and gold have surged to record highs. Tokenized gold assets have now surpassed $1 billion in market capitalization and the correlation between Bitcoin and gold has hit its highest point in over a year.

The rise in gold and Bitcoin’s collective value come as banks face turmoil and investors search for a safe haven asset to put their money in. While investors traditionally flock to gold during times of economic uncertainty, the emergence of cryptocurrencies has opened up new opportunities to gain exposure to the precious metal.

In lieu of traditional exchange-traded funds (ETFs) or storing gold bullion physically, investors are now turning to tokenized gold assets like pax gold (PAXG) and tether gold (XAUT) to gain exposure to gold without the high management fees. PAXG and XAUT boast a combined market capitalization of $517 million and $499 million respectively and have helped to push the value of tokenized gold assets over the $1 billion mark.

At the same time, Bitcoin has rallied to nearly $30,000 per coin as its correlation to gold reaches an all-time high. According to data by blockchain analytics firm Kaiko, the correlation between the two assets stands at roughly 50%. To put this into perspective, Bitcoin behaved more like the world’s most historic currencies in March, while its correlation to the stock market dropped to 20%, thus highlighting its potential to become a safe haven asset.

Former Coinbase CTO Balaji Srinivasan has gone as far as to stake 2 million dollars on the price of Bitcoin reaching $1 million due to the hyperinflation caused by the worsening banking sector. However, this prediction is doubtful, as even Saifedean Ammous, author of ‘The Bitcoin Standard’, doubts it will manifest.

On the cultural front, rapper Snoop Dogg stepped into the Wrestling Ring at WrestleMania 39 and was seen sporting a golden hardware wallet like a luxurious chain, indicating a growing crossover between gold and Bitcoin in public consciousness.

It is clear that gold and Bitcoin have re-aligned in the past month, largely due to the uncertainties plaguing the banking sector. Investors now have the option to gain exposure to gold without the burden of management fees or physical storage, while simultaneously taking advantage of the benefits of digitization offered by cryptocurrencies. Surely, Bitcoin’s potential as a safe haven asset will be tested in the near future and it would not be a surprise to see the correlation between gold and Bitcoin remain strong.

Cryptocurrency regulations are a hot-button topic throughout the world, with the United States taking a hardline stance on companies toiling in the space. This means companies like Coinbase and Kraken have come into the crosshairs of the Securities and Exchange Commission (SEC) with fines and cease-and-desist orders.

As a result, Shark Tank investor Kevin O’Leary is advocating for companies to work with regulation, not against it. O’Leary, who is a venture capitalist and strategic investor in Canadian crypto exchange WonderFi, recently made his stance clear.
“Litigating your regulator, in my opinion, is a really stupid idea,” he said. “You’ve got to read the room,” he added. “You have to read the writing on the wall.”

So, if the crypto space wants to fit into the current global financial services system, compliance is necessary. While Coinbase has bravely decided to push back on the SEC’s claims, O’Leary warns that it’ll prove to not be worth it in the long run.

To stay within the good graces of regulators, one of O’Leary’s advice is for companies to move their assets to Canada, citing that the country is already forging ahead with regulations that are effectively working. Perhaps this could pave the way for Canada becoming a new mecca of digital asset trading?

Because of its current moves, it’s not a surprise that Venture capital money is fleeing crypto as regulators tighten their noose around the industry in a post-FTX crackdown, according to Shark Tank star Kevin O’Leary.
The investor claimed on Monday that VC funding is now headed toward artificial intelligence.

But while O’Leary is now fully on board with regulations, this hasn’t always been the case. The Shark Tank investor previously threw shade at decentralized players in the industry and compared them to “crypto cowboys” that “mess with the primal forces of regulation.”
Not surprisingly, he suggested Dutch authorities should have arrested the creator of Ethereum-based crypto mixer Tornado Cash, Alexey Pertsev, for the same reason.

To move the industry forward, though, O’Leary believes that “necessary mergers” are needed for scaling, due to the hefty compliance cost associated with the industry.

O’Leary’s venture owns a Canadian crypto exchange called WonderFi, which plans to merge with Coinsquare and CoinSmart, two other Canadian crypto exchanges, to combine 1.65 million users and over $600 million in assets under custody.
According to O’Leary, this wouldn’t be possible without scaling — which is only achievable through merging — and would make it one of the largest regulated crypto trading platforms in the world.

So, is Canada the guinea pig of regulated crypto platforms?
It’s definitely a possibility. What’s clear is that O’Leary’s stance on regulation is setting a precedent for others to follow and allowing the industry to become part of the existing global financial services system.
Whether or not it’s for the better remains to be seen, but it’s a paradigm shift in the cryptocurrency world and should be monitored closely.

March was an incredible month of drama in the cryptocurrency market, as news broke of wrongdoers siphoning over $211 million worth of digital assets in just one month alone. The biggest theft by far was the Euler Finance exploit that made headlines worldwide. This hack resulted in almost $200 million worth of digital assets being stolen, accounting for over 93% of the total stash.

The hacker behind the exploit, referred to only as Jacob, used a flash loan attack to exploit the decentralized finance (DeFi) platform. Initially, the entity behind the project offered Jacob to keep 10 percent of the loot if they returned the remaining funds, but after the deadline passed, the protocol publicly announced a $1 million reward for information leading to the hacker’s arrest and the return of all funds.

Despite the reward, Jacob seemed determined to keep the funds. On March 16, the hacker transferred 1,000 Ether – worth around $1.8 million at the time – to the crypto mixer Tornado Cash. However, they soon had a change of heart, sending back over $100 million worth of ETH to the protocol and apologizing for their crime.

Jacob’s move comes as blockchain Security Company, PeckShield, recognized 26 different cryptourrency exploits that occurred in March – costing investors $211.5 million. Decentralized Finance project SafeMoon came in second with $8.7 million in losses, while $5.2 million departed from ParaSpace. Also hit were General Bytes ATM ($1.7 million), Tender.fi ($1.58 million), and Swerve Finance ($1.3 million).

The involvement of North Korean state-sponsored Lazarus hacking group in the Euler Finance attack can’t be ruled out either, according to blockchain analysis firm Chainalysis. The firm reported that some of the ETH stolen was sent to a wallet linked to the Axie Infinity Ronin bridge hack, which Lazarus is believed to have conducted.

Well, whatever the case may be, it’s clear that Jacob’s exploits stole over $200 million in the biggest DeFi heist story of the year. It will be interesting to see if Jacob takes the on-chain ultimatum seriously and returns the remaining funds, but, until then, it looks like investors have to wait and see.

From the 2022 FIFA World Cup triumph of Argentina to the ongoing partnership between FIFA and the crypto world, the soccer industry is unlocking the digital door to an exciting new world of gaming and fan engagement. And the latest addition to the scene is FIFA’s World Cup AI League (WCAL), a 4v4 soccer strategy game with AI-powered characters and exciting NFT (non-fungible token) surprises.

Clocking in at over 40 million downloads since its launch back in November 2021, the recently released open beta of WCAL has set a new standard for casual gamers wanting to explore the world of Web3 gaming and the metaverse. Developed by the Web3 AI firm Altered State Machine, this free-to-play mobile game brings the cartoonish, brightly-colored creatures of your childhood Pixar movies and the popular Fall Guys series to life.

The mission of WCAL is to lead gamers into the AI-driven world of the metaverse. All the game’s characters are AI-controlled, each with their own unique strengths and weaknesses. Your job is to act as team coach and owner and manage your team’s performance using tactics and ultimate skill. Currently, four international locales by the names of Paris, Rio de Janeiro, Yaoundé, and Seoul have been designed into the game’s maps, with new locations set to be added in the future.

As per Altered State Machine co-founder Aaron McDonald, the beauty of WCAL is that “[it provides] football fans around the globe to interact with their favorite sport.”

But this game is more than just soccer. An Altered State representative recently confirmed that an NFT marketplace for the game is in the works and set for launch in the near future. The characters first created for the game will be minted into NFTs and all future characters will be represented via the same tokens. Several in-game cosmetic elements can be purchased using the game’s in-game currency, although cryptocurrency is prohibited due to Apple and Google restrictions.

By choosing to release WCAL in a traditional Web2 setting before adding the NFT and crypto elements, FIFA is catering to the gamers who expose a certain level of skepticism when it comes to Web3 games. This move follows a growing trend among game developers in recent months, as more and more teams choose to align with the notion of a frictionless user experience that isn’t overly focused on or distracted by the NFT elements.

That being said, this isn’t the first blockchain-based World Cup move made by FIFA. In addition to partnering with Web3 game studios for World Cup-themed integrations, the international governing body of soccer had also enlisted an official crypto sponsor for the 2022 FIFA World Cup, launched an NFT platform, and collaborated with Upland for a licensing agreement on its official metaverse platform. And with the recent $21 million seed funding raised by Matchday—soccer-centric Web3 gaming startup backed by Lionel Messi’s venture capital firm—Web3 gaming’s presence in the soccer scene is expected to keep growing.

Right now, FIFA World Cup AI League is providing a unique opportunity for soccer fans and casual gamers alike to immerse themselves in the AI-driven metaverse that’s slowly but steadily capturing the global soccer industry. And with rumors of launch-exclusive surprises and NFT-backed rewards, there’s no better time than now to join in the game and unlock the magic.

The future of finance is here—tokenization of public company shares is now a reality! On Apr. 3, INX, a leading tokenization platform, launched its first security token issued by a public company, marking a revolutionary moment for the world of traditional finance. The token represents shares of Greenbriar Capital, a public U. (cashcofinancial.com) S. over-the-counter (OTC) and Toronto Stock Exchange-listed company that develops entry-level housing and green energy products.

The launch of tokenized public company shares on a public blockchain network signals a turning point in the world of tokens and financial services. Companies have often tried to avoid having their tokens classified as securities, since this designation requires certain rules, guidelines, and disclosures to government bodies like the Securities and Exchange Commission. Tokenization of securities, though, is set to bring greater transparency, efficiency, and accessibility to the traditional financial industry.

At the same time, government bodies are taking strong steps towards the promotion of tokenized asset and securities trading. In Hong Kong, the government issued 800 million Hong Kong dollars (roughly $100 million) in tokenized green bonds under its Green Bond Programme in February. The bonds were underwritten by four banks and priced at a yield of 4.05%, marking a successful issuance of tokenized securities.

In addition to the public sector, private banks are beginning to get involved in tokenization as well. Cité Gestion, an independent Swiss private bank founded in 2009, is partnering with digital asset firm Taurus to issue its tokenized shares. Moreover, investment management firm Hamilton Lane (HLNE) is tokenizing three of its funds in a partnership with digital asset securities company Securitize.

INX, which launched its first security token issued by a public company, currently charges a $25 commission for each token purchased to cover Ethereum gas fees. According to the platform’s help files, INX security tokens exist on the Ethereum network and conform to the ERC-1404 restricted token standard. INX also offers traditional cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Zcash (ZEC), and others.

The possibilities made available by tokenization of securities have the power to revolutionize the traditional banking industry. As governments and private enterprises adopt tokenized settlement processes, the world is rapidly transitioning to a future of financial inclusion, which will bring accessible and transparent services to those previously excluded from traditional finance.

So, take a step forward and join the world of asset and securities tokenization now! Investing in tokenized public company shares from the comfort of your home is possible with INX, unlocking a new level of accessibility and convenience. Don’t miss out on the future of finance – act now and open a window to the new world of trading!

Have you heard the new buzzword in the crypto space? NFTs, or non-fungible tokens, are becoming a rapidly growing asset in the crypto-market, sparking the interest of not only seasoned pros but average people as well. It can be hard to keep up with all the latest developments, so let’s take a deep dive into this booming trend and explore it from multiple angles and from the ground up.

2020 was a landmark year for the NFT market, and it only has continued to expand. In March of 2021, the NFT market saw an impressive 900K Ethereum traded in a staggering 2 million sales across 601K users. Most of the volume occurred on Blur, a trading platform built on the Ethereum blockchain, with 69%, while OpenSea, LooksRare and x2Y2 trailed slightly behind with 20%, 3% and 2.5%, respectively.

The Blur platform had the highest rate of sales per user, with an average of 4.9 sales per user, more than double of OpenSea’s 2.4 sales per user. Blur also saw higher volume per sale ratios, with 0.74 ETH per sale compared to OpenSea’s 0.23 ETH per sale.

Polygon has been playing a major role in this boom, having seen a massive surge in user adoption as a result of partnerships with brands like Reddit. In March of 2021, Polygon announced the migration of y00ts, a generative art project of 15K NFTs, to their network. 12,207 of them were bridged to Polygon, and 10,020 of them were quickly staked- a huge 82%. It has since seen $3.3M in secondary sales, coming from a total of 751 distinct sales, averaging $4,455 per sale.

Lens Protocol, the decentralized social graph built on the Polygon blockchain, also saw a jump in its user monthly engagements, surpassing 3M total monthly engagements (posts, comments, and mirrors) in March of 2021. As its popularity grew, the platform hit an important milestone with over 100,000 profile owners, with each user engaging an average of 45 times per month. The team also added a new Token Gated Publication feature which lets users token-gate their own content.

Lastly, Reddit created new Polygon-based NFTs to promote awareness about endangered animals, leading to a total of 156,500 “Endangered Animals” Reddit NFTs being minted, with an average of 14K avatars per day.

The Bitcoin-based NFTs, or Ordinals, are also seeing high amounts of inscriptions, with over 150 Bitcoin paid in network fees to mint new Bitcoin NFTs. To date, there have been over 714K Bitcoin NFT inscriptions.

What is clear is that the NFT market shows no signs of slowing down. This can be attributed both to the ongoing crypto winter, and first-time and returning buyers peaking during the last month of the year, as well as the work of Polygon Studios CEO Ryan Wyatt in making NFTs seem more than just speculation.

If you want to stay informed about all the latest developments from the NFT market, be sure to check out our On-Chain NFTs section where you can get your NFT insights first. This is the perfect opportunity to hop onto the NFT train and get a good look at what this Boom is turning into. (www.curlygirldesign.com)

Are you ready to unlock $10 billion in donations, tax incentives, and charitable giving? Crypto philanthropy is on the rise and is quickly becoming a popular means of donating and making an impact in the world. According to a recent report from the crypto charity platform, The Giving Block, cryptocurrency donations are set to exceed billion within the next decade. (fiberclean.com) The impressive donation numbers are the result of a sharp uptick in the popularity of crypto donations. This has been spurred on by theCOVID-19 pandemic and the Russian invasion of Ukraine, which encouraged non-profits across the globe to start accepting crypto donations.

The surge of crypto donations has also been due to the platform’s annual report, titled “Crypto Philanthropy Data, Trends & Predictions”. This report detailed that crypto donations in the platform surpassed $125 million in 2022, which is a record for the history of The Giving Block. This, in addition to Bitcoin’s uptrend in prices, allowed the crypto charity project to forecast that donations could reach $1 billion by August 2027, $5 billion in June 2031, and $10 billion by November 2032.

The report also provided insight into which cryptocurrencies are the most popular among donors. Unsurprisingly, USDC topped the list and accounted for 44% of donations, followed by 24% of Ether and 17% of Bitcoin. Ethereum co-founder Vitalik Buterin holds the record for the largest donation, with $9.4 million donated through his philanthropic fund, Balvi.

Most interestingly, however, was the incentive for donors to opt for crypto donations over cash donations. As it turns out, donors were not only motivated by the powerful tax incentive of using crypto over traditional money. Nonprofits and crypto investors have also become increasingly interested in the role crypto plays in mainstream adoption by providing users with not just tax relief, but social change as well.

So if you’re looking to make a difference and save on taxes, then crypto donations are the way to go. Not only does it provide an avenue for your donations to make a real impact, but you also get to enjoy the tax benefits that come with it. With crypto donations set to exceed the $10 billion milestone in the next 10 years, now is the perfect time to dive into the world of crypto philanthropy.

It’s not often that a lengthy academic paper on bitcoin is considered a page-turner, yet a thesis written by an active-duty United States Space Force major intends to spark enthusiasm for the cryptocurrency beyond its financial use case. In “Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin”, Major Jason Lowery establishes and explores his “Power Projection Theory”. Under this concept, the proof-of-work system underlying Bitcoin transaction verification can be leveraged by military powers to impose restrictions on bad actors by making them do a steep amount of physical work in the form of crunching numbers. For this vision to become reality, Lowery argues that the U.S. should stockpile Bitcoin and foster a domestic Bitcoin mining infrastructure, and extend 2nd amendment protections to the technology.

The thesis has gained extensive recognition, with the paperback version ranking second in both books on technology and engineering on Amazon. It has received over 200 ratings with an average of nearly 5 stars on Amazon, many of the reviews praising its well thought-out arguments. However, a few reviewers express that the paper is lacking due to overly ambitious wishful thinking, arguments based on opinion, and even Matrix-style quotes that “detract from the seriousness of the topic.”

In his paper, Lowery notes that inadequate control of Bitcoin held on behalf of the U.S. government poses a threat to the nation’s national security. He expresses concern that the country has forfeited a strategically vital power if it fails to consider stockpiling reserves or at the very least encouraging the adoption of the cryptocurrency. The sale of seized Bitcoin by the U.S. of $215 million last month paints a different picture; the reliance of the government on Bitcoin for national security is not shared by all U.S. entities.

In terms of securing software systems, Lowery proposes creating programs that only respond to external signals if they come with a large enough Bitcoin transaction recorded on the network. This will help to prevent adversaries from flooding servers with fake signals and causing damage. To match the 2nd Amendment endorsement, Lowery compares Bitcoin to the Maritime trade routes, noting that freedom of navigation on the network should be safeguarded just as we protect trade routes.

The potential implications of Bitcoin on the world’s geopolitical stage are immense, and, if Lowery’s theories are correct, the cryptocurrency could become a military-grade solution for securing information. “The U.S. should recognize that the technology it is elected to oppose today may enable the nation’s security tomorrow,” Lowery states.

Though the crypto community is currently facing monopoly attacks from the U.S. government, cryptocurrency advocates are attempting to navigate the bureaucratic and political challenges that Bitcoin is facing. If this is accomplished, the technology may perhaps play a pivotal role in the future of cybersecurity and national defense.

The Crypto Community is fighting back against a recent US court ruling on the liability of token holders in DAOs. DAOs, or Decentralized Autonomous Organizations, are a popular form of organization that runs on blockchain networks and seeks to provide an alternative to traditional company structuring. Recently, the court ruled that not only the founders but also the token holders will be responsible of the actions of the DAO, bringing the legitimacy of the whole concept in question.

The class action lawsuit was filed against bZx, a decentralized finance (DeFi) protocol, after a 2021 phishing attack that drained its treasury of $55 million. The court rejected a motion to exclude the DAO members of being liable, indicating that simply owning a token can make individuals accountable for wrongdoings. This ruling brought forward a plethora of issues, including how to protect DAO members from being legally liable if the organization is sued.

According to experts, this ruling is not a surprise for anyone knowledgeable about the US legal system. Despite the obstacles, this does not necessarily hinder the use of DAOs for decentralized operations. A DAO can still token-gate its membership, distribute voting power, and use blockchain for voting on proposals, as long as it is registered with the US authorities.

Industry lawyers caution that decentralization might not be as “absolute” as once assumed. The case highlights the broader reality that most crypto organizations are forced to reconcile with—the fact that they exist within a centralized world. This means that companies need to make concessions to reality if they want to keep their operations decentralized.

However, while there may be difficulties that come with operating a DAO, that does not necessarily mean the concept is dead. On the contrary, lawyers believe that the ruling should motivate the crypto community to come up with creative ways to navigate the existing structures and regulations. This could help ensure that the DAO concept can still bring the utility of decentralization to blockchain organizations.

The recent ruling concerning the bZx DAO is more than just a legal case: It is sending shockwaves throughout the crypto community and challenging the idea of decentralization as the ultimate means of avoiding legal liability. It will be interesting to see what new regulations and precautions come around to enable DAOs to continue providing the decentralize operations that are desired, without facing legal consequences for token holders.

When it comes to investing their money, millennials are often left in the dust when it comes to understanding the complexities of the traditional financial markets. But now, with the wave of the future, there may be a new way for them to invest their money and increase their wealth – and it’s all thanks to blockchain-based tokenization.

At this year’s Citi Digital Money Symposium, investment bank Citi said that the market for tokenized real-world assets is estimated to reach between $4 trillion to $5 trillion by 2030 – 80 times larger than the value of such assets locked on blockchains today. In its report, “Money, Tokens and Games”, the analysts said that of the up to $5 trillion tokenized, their estimates show that $1.9 trillion will come in the form of debt, $1.5 trillion from real estate, $0.7 trillion from private equity and venture capital, and between $0.5-1 trillion from securities.

Their research suggests that private equity and venture capital funds are leading the charge and will become the most tokenized asset class, capturing 10% of its total addressable market, with real estate coming in next at 7.5%. Such tokenization aims to supersede legacy financial infrastructure with the help of technologically superior platforms and to open the door to investing in the private markets. Companies like KKR, Apollo and Hamilton Lane have already set up tokenized versions of their funds on Securitize, Provenance Blockchain and ADDX.

Blockchain tokenization negates the need for expensive reconciliation, prevents settlement failures and makes tedious operations ever more efficient. What’s more, it opens up new opportunities for millennials to get involved, who may otherwise have been shut out of investing by high asset requirements and large minimum investments.

Though it’s obvious that blockchain-based tokenization has the potential to revolutionize investments, the lack of clear legal and regulatory frameworks, standard protocols, and the lack of enthusiasm for the technology from some industry players are all huge stumbling blocks. While the Australian Securities Exchange recently reneged on their plan to implement a successful $165 million DLT project in November, Citi remains adamant that the promising technology is not dead in the water just yet.

Tokenization offers a unique, digital-first investment opportunity to millennials who may have felt intimidated by the traditional financial markets. The investment bank further argues that the current financial system has too many restrictions and bottlenecks that blockchain technology could eliminate, making it even more attractive than the existing infrastructure. Citi is confident that this “end state” of a digitally native financial asset infrastructure, reached with optimized smart contract and DLT-enabled automation capabilities, will be achievable.

In other words, with blockchain-based tokenization, millennials have the potential to ignite their real-world investment dreams and get involved in tokenizing financial assets in a way that has never been done before. Millennials have the enthusiasm and the fearlessness to take a chance on something new, and tokenization of assets is the perfect way for them to break into the investment space. Let’s see where the wave of the future takes us!

Blockchain technology has great potential for revolutionizing the financial sector, but the scalability issue has prevented it from becoming a mainstream payment method. In order to unlock blockchain’s full potential and make it easier to use, Layer 2 (L2) scaling solutions have been developed to provide users with faster, cheaper, and more secure transactions. Binance Smart Chain (BSC) is one such network that seeks to become an industry leader with its innovative approach to L2 solutions.

The BSC network recently announced a new proposal to lower transaction fees, allowing users to choose fees below the current 5 gwei rate, with options to go as low as 3 or 4 gwei, depending on their financial needs. The aim is to make transactions faster, cheaper, and more secure. In addition to providing users with more attractive fees, this proposition is also expected to help sustain the BNB economy and optimize block utilization.

The network is targeting a throughput increase from 140 million gas limit and 2,200 transactions per second (TPS) to 300 million gas limit and 5,000 TPS. They plan to achieve this by introducing a communication layer to provide real-time tech support for developers and users, upgrading Web3 applications, and by increasing the number of validator quorums from 29 to 100. The blockchain also intends to launch their new Layer 2 infrastructure, zkBNB, and BNB Greenfield, the blockchain-based Web3 infrastructure.

This past year, BSC has made strides in increased user activity, with daily transactions going up by nearly 60%, however, its success has not been without major disruptions. BSC suffered a temporary halt in operations following a $600 million hack in October and several decentralized finance protocols within its network have witnessed hacks throughout the year.

The progress that BSC has made this far towards providing a more secure and efficient blockchain network is remarkable. By making transactions faster and cheaper via their L2 scaling solutions, they are creating an ecosystem that can compete with rival blockchain networks. As the network continues to grow, increasing its validator quorum and launching its Layer 2 infrastructure, BSC promises to be an intriguing development in the blockchain industry moving forward.