Blockchain
Crypto DeFi Gets a Unique Stablecoin, Here Comes the FHUD
New York, New York–(Newsfile Corp. – February 13, 2022) – Introducing FHUD, FantOHM’s stablecoin. The Crypto Market has evolved from being a store of value only, which was originally presented as a hedge against inflation. After years of progress in blockchain technology, dynamic use-cases further expand financial flexibility for investors. Decentralized Finance, otherwise known as DeFi, is a mechanism in which this can be achieved by giving users access to financial instruments that are not bounded or restricted by the usual limitations found in the fiat system. Stablecoins that are pegged to fiat e.g USD, have technologically innovated a method to bridge Fiat and crypto in a manner that allows for returns to be locked if so desired, and unique use-cases that generate returns that can be quantified.
Figure 1: Crypto Defi Gets a Unique Stablecoin, Here Comes The FHUD
FantOHM DAO is a DeFi project that has innovated itself into being one of the few successful yield generating organizations that incorporate this systematic approach. While creating revenue for its holders, through investments, partnerships, bonding, and staking the organization has expanded its footprint by creating a revolutionary Stablecoin called FHUD.
FHUD utilizes a method known as proof of burn to cement its conceptual value of $1 which originated from the burning of FantOHM’s traded token FHM at a moment in time. Proof of burn is a concept whereby a coin is destroyed at a specific point in time whereby the value is recorded in a receipt. This receipt is also a recorded value of the change in supply. Cryptocurrencies find that their value is determined by a similar supply and demand methodology as found in technology stocks.
The use of this concept has allowed FantOHM to give its treasury value in a manner that is unique by giving versatility to its investment division. Defi projects of this nature rely heavily on the growth of their treasury via a basket of assets, to give a Book Value to their traded tokens. This has been exceptionally appealing to investors coming from a traditional stock and bonds background, dipping their toes into crypto as the book value concept is understood well by fundamental investors.
The open market tradability of FHUD will not only give the FantOHM project further versatility in expanding its treasury growth for its investors but also further expand its reach in business and consumer relations. This will ultimately give FantOHM access to use-cases never seen before by DeFi projects and thus bring about a revolutionary change to bridging crypto and Fiat like never before. Thus pushing the boundaries of crypto adoption into everyday use-cases.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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