Blockchain
Poloniex Partners with APENFT to Integrate Platforms and Merge Metaverse Strategy
Panama City, Florida–(Newsfile Corp. – May 26, 2022) – Poloniex, a global cryptocurrency exchange, has announced a partnership with APENFT, a leading non-fungible token (NFT) marketplace. APENFT will be live on the Poloniex website and mobile app on Wednesday, May 25, followed by an NFT giveaway shortly after.
Poloniex X APENFT
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The alliance allows users to access and trade NFTs on Poloniex through the newly integrated one-stop NFT marketplace. According to their trading volume, users can get exclusive rights on Poloniex by obtaining Genesis NFTs and TRON ecosystem NFTs such as BAYCTron, MAYCTron, and TronMeebits.
“We are thrilled to be partnering with APENFT to directly contribute to the building of the NFT space and Metaverse,” said Shaun Scovil, General Manager of Poloniex. “This partnership leverages our shared potential to increase the reach of NFTs and further develop the industry. NFTs, in particular, are exciting because they have such a wide range of potential applications.” Shaun added that he believes NFTs will play a crucial role in the evolution of the metaverse.
APENFT aims to transform world-class artwork from being elite-exclusive items to something that is accessible to everyone. APENFT is backed by the TRON network’s underlying technology to provide secure, reliable, efficient, and decentralized services. The marketplace features zero initial transaction fees and minimal gas fees to encourage NFT artists and developers to use the platform.
“We are very excited to reach the partnership with Poloniex. It is a great opportunity for both APENFT and Poloniex to build a metaverse in the crypto market,” said Sydney Xiong, Director of APENFT. “Committed to spearheading the metaverse era, APENFT will continuously support promising creators with meta and real exhibitions and invest and incubate marvelous NFT and GameFi projects worldwide. With the extensive experience of Poloniex, together we will expand the global crypto market and explore even more potential for the world of metaverse.”
Poloniex has been in operation for almost a decade and strives to provide its users with an exceptional experience. It is committed to enabling people all over the world to fully participate in the global economy and enjoy convenient financial services. By integrating the APENFT marketplace with minimal gas fees, Poloniex is pushing the mass adoption of NFTs and building a more effective metaverse.
To commemorate the collaboration, Poloniex held an NFT trading volume-based giveaway. APENFT and Poloniex also hosted a promotion event for 1,000 H.E. Justin Sun’s unique limited edition NFT covers designed by Valuart x Vanity Fair, available for purchase at 999 TRX each.
About Poloniex
Poloniex was founded in January 2014 as a global cryptocurrency trading platform. With its world-class service and security, it received funding in 2019 from renowned investors, including H.E. Justin Sun, Founder of TRON.
Poloniex supports spot and margin trading as well as leveraged tokens. Its services are available to users in nearly 100 countries and regions with various languages available, including English, Turkish, and Vietnamese.
Media Contact
Anna Zvegintceva
[email protected]
About APENFT
Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of the TRON blockchain, with additional support from the world’s largest distributed storage system BitTorrent File System (BTFS). At the core of our mission, APENFT aims to facilitate the creator economy while catalyzing both financial and cultural inclusion in the metaverse. Our vision is to integrate both the virtual and the real worlds seamlessly. APENFT Foundation is the world’s first NFT art foundation that realizes crossover purchases. We aim to bridge conversations between stakeholders in the traditional art world and the digital art community emerging around NFTs, promote inclusiveness and diversity, broaden our multimedia audience, and increase all members’ engagement. In the future, our collection will be made available to the entire community through a series of curated online exhibitions in the metaverse.
Media Contact
Miles Wang
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125402
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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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