Blockchain
Bit.Store Platform Launches Social-Fi Collaborative Investment
Web3.0 social-fi pioneer Bit.Store has achieved a new milestone on its mission to democratize investment with the launch of a DAO-driven investment portfolio. DAO members can opt into a trading algorithm that aggregates investment and trading sentiment of all participating members. Using Bit.Store’s native token, STORE, members can both invest in and cast votes on investment opportunities that are both proposed and decided algorithmically in aggregate through smart contracts.
From its inception, Bit.Store focused on building a community when it entered a market entirely dominated by platforms that kept their users isolated from one another. The obvious question at the time was, “what if all these users had the opportunity to collaborate?” If millions of users could signal their sentiments and decisions, a public aggregate of that would be an extremely powerful tool for small investors.
Bit.Store began by designing social functions to allow investors to support one another and share knowledge, while safely and easily participating in the crypto investment market.
This is how Bit.Store became the first investment DAO social-fi model, connecting investors from all over the world so that users can share trading information and trading strategies, learning from each other to make trading more efficient and tapping into the wisdom of the crowd. Individual decision-making is enhanced by insight into the sentiments and decision making of the entire community.
In this latest development, each member of the DAO can create their own portfolio as well as join an aggregate portfolio DAO for collaborative investing. DAO members make investment proposals through the DAO, and investment decisions are based on DAO voting results through the STORE utility token. Members of the DAO may have the right to exit positions or terminate their participation in the aggregate portfolio at any point in time.
Trading information shared by each member of the DAO is public and stored in the blockchain. Anyone can access the information to ensure the platform is open and transparent.
STORE utility functions include voting, sharing, documentation, discussion, governance, and more. It was first created to quantify user stake in the community through cryptocurrency and start a flow of value back to users for their participation, plus incentivise contributions that are higher in quality overall. A real economy has always existed in pre-Web3.0 community models, but it was always hidden from the users. The point systems of many community platforms have hinted at the potential, in fact, and Bit.Store communities realize the value in crypto.
Bit.Store distributes STORE Coins to users from an “incentive pool,” and these crypto assets can be traded and freely given and received. In the community, votes, kudos, likes, shares, etc., have value in STORE Coins, thereby incentivising users to earn them through the quality of their contributions.
Since its launch this February, STORE has hovered around the 0.05 USD range, but began to rise in May, now up to around the 0.13 USD mark even as the overall crypto market led by BTC has declined over the same period.
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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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