Blockchain
iPay Launches as a De Facto Payment Gateway for Content Creators in Web 3.0
iPay, a payment solution for one of today’s fastest-growing business areas in the creator economy launches as a de facto payment gateway for content creators in web 3.0.
Web 2.0 platforms are no longer relied upon by creators for the infrastructure that they have traditionally given in order to make money. Creators are migrating their audience away from larger platforms and onto their own websites and apps to adopt new monetization strategies. The power of creators can encourage widespread adoption of cryptocurrencies by providing direct, secure, and fast transactions. A currency designed specifically for the creative economy can serve as a monetization tool as well as an investment vehicle for holding and appreciating the value that creators make collectively. iPay aims to use breakthrough blockchain technology to become the major money and method of safe, anonymous virtual transactions for industries not limited to: mainstream/adult creators, gaming, gambling, and more, including their migration to the metaverse.
Digital content providers can use platforms like iFans to develop an online community and sell their work directly to their followers and subscribers. iFans is enabled by a digital paywall for direct monetization, unlike social networking networks where users generate money indirectly through advertisements placed within their content. Even if they don’t want to work full-time as a digital content developer, they can make money by selling their work on iFans in their leisure time.
As more creators, creative platforms, and industries spurned by banks and big tech flock to iPay, they will be able to take advantage of not only all of the benefits we’ve listed, but also serve as a repository for the enormous appreciating value they’re generating collectively.
iPay is much more than a utility token. Its chances would be excellent if that were the only factor. However, the goal is to present it as a game-changer by realizing the vast and explosive value that the creator, adult, and gaming sectors generate collectively through a token and the transactions conducted through it.
With the expansion of these industries into the virtual reality metaverse, the growing market for NFTs within them, the need for secure and anonymous virtual payment solutions, and the rapid adoption of cryptocurrencies, iPay will be positioned as the right token, in the right place, with the right ideas and vision, at the right time.
iPay aims to become the biggest payment corridor for content creators
The current value of the creator economy is 104 billion dollars, with a forecast of 5.25 trillion dollars by 2030. The current worth of the cryptocurrency market is 2.5 trillion dollars, and it is expected to grow to 250 trillion dollars by 2030. The market for NFTs is currently worth $100 million. And by 2030, the market is predicted to have grown 2000 times to a value of 204 billion dollars. The current market value of the metaverse is $47 billion. This market is expected to grow to a size of $2.4 trillion.
All of this suggests that in the next 10 years, the number of crypto transactions will increase by a factor of five. The creators and those who appreciate their products will be the key engines of this growth, and iPay is positioned in this arena to benefit from it. Consider what it would be like if those who used iPhones could also invest in and benefit from the device’s growing popularity. This is one of the key advantages of utilizing iPay over the existing field of cryptocurrencies, which will develop at an exponential rate over the next decade in terms of usage and market.
iPay creates a safe, anonymous means for virtual transactions to be put into direct use and serve as a mode of investment in the industries which are set to fuel and benefit most from the exponential growth of these markets.
Use cases are frequently seen as the alpha and omega of possible success in the crypto coin arena. Moreover, in the best cases, coins can be used as acceptable methods of payment or tied to a specific utility. iPay has a major advantage in this industry because by the time of its launch it will already be integrated in the multi-million dollar iFans platform and a few others. In this initial beta phase of integration onto a major creator platform, iPay will be able to incentivize and perfect modes of adoption by fans and creators. The objective is to draw in other platforms including brick and mortar businesses that may be looking to expand into streaming services, virtual reality, and migration to the metaverse.
Some of these potential partnerships are already in an early phase of development and integration. Factoring in all of these potential market opportunities, iPay aims to become a major player in these fast developing sectors. These sectors include the incredible growth of collectibles in the form of NFTs. In the near term, iFans will be the first platform to host an exclusive marketplace offering NFTs only available for purchase with iPay. In the longer term, the team behind iPay will be preparing the tools needed for all partners and platforms to integrate their offerings into the metaverse. To achieve this, they have the advantage of working with long-standing personal contacts who have for the last decade been constructing the metaverse’s architecture and underlying technology.
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
-
Blockchain4 days agoBinance Cleared to Invest Customer Assets in US Treasury Bills: What It Means for Crypto and Dollar Dominance
-
Blockchain4 days ago
Deep Custodian Limited Obtains Hong Kong TCSP License, Authorized to Provide Compliant Crypto Asset Custody Services
-
Blockchain Press Releases2 days agoBybit Web3 Livestream Explores Cultural Meme Coins and Other Trends
-
Blockchain3 days ago
Blockchain Intelligence Group adds additional modules and launches its Certified Cryptocurrency Investigator – Advanced Series
-
Blockchain Press Releases2 days agoBybit Surges to Second Place in Derivatives Market, Solidifying Position as Global Crypto Trading Leader
-
Blockchain3 days agoBitAngels Network Hosts Blockchain Pitch Competition in Nashville
-
Blockchain4 days agoCoinW Continues Expedition Trek And Double Down On Presence At ETH-Native Events
-
Blockchain2 days ago
Kevin O ‘Leary Addresses Crypto Investing, Ethereum ETFs, and SEC Chair in Recent Interview
