Blockchain
Huobi Primelist to List GARI, Supporting Gari Network’s Efforts to Incentivize Social Video Content Creation
Huobi Global, one of the world’s leading digital asset exchanges, today announced its eleventh Primelist event, offering its users exclusive access to SocialFi project Gari Network and its token GARI upon its official listing. Gari Network incentivizes users to create content for its social media platform. Primelist participants can line up for numbered tickets or hold Huobi Tokens for three days to potentially win an allocation of the GARI token offering.
Gari Network will use the listing to fund further growth and ensure that it has ample capital to incentivize content creators. The company is built upon the concept of SocialFi – a fusion of social media, web3.0 and finance that incentivizes users with rewards by tokenizing their social influence. The issue with traditional social media platforms is that they tend to dominate content creation, making it difficult for emerging content creators to grow and thrive.
To address this issue, Gari Network launched a short-form video application, Chingari, enabling users to create and share videos, rewarding them with GARI tokens. Chingari is now India’s fastest growing video app, with more than 85 million users. It keeps video viewers engaged with transparent tipping features, and its decentralized governance structure enables users to have a voice in how the platform is run.
The eleventh Primelist event reflects Huobi’s efforts to support projects that can disrupt industries. Starting 19:30 (HKT time) on Jan 18, 2022, users will be eligible for an allocation of the GARI offering at the opening price, if they queue for numbered tickets or hold Huobi Tokens for three days. Other users not participating in Primelist can also purchase GARI tokens on Huobi Global after the listing. For more details, click here.
Risk Reminder: Trading digital assets and digital asset derivatives comes with high risks due to significant price fluctuations. Please fully understand all of the risks and make prudent decisions before trading. Please read our detailed risk reminders at https://www.huobi.com/support/en-us/detail/360000188081.
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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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