Blockchain
NuFi wallet integrates Flow blockchain and enters the ecosystem with ambitious plans
Flow token holders can now use NuFi’s non-custodial Ledger-compatible wallet to store and stake $FLOW. This is the first step in a 3-phase plan that will make NuFi the only wallet to offer $FLOW staking, a Flow NFT gallery, a Chrome extension with dApp connector, and – for the first time ever – secure storage for Flow NFTs using a Ledger hardware wallet.
NuFi has integrated Flow as part of its mission to become the top non-custodial wallet in the Proof-of-Stake blockchain space. This partnership expands not only NuFi’s services but also its community, and NuFi is excited to engage with Flow’s passionate and loyal supporters.
NuFi is entering the Flow ecosystem with a 3-phase plan to marry non-custodial security, privacy, and control, with convenience and functionality.
“Integrating Flow is the perfect choice for NuFi. Flow’s great potential as a blockchain and its unprecedented growth in the NFTs space can help NuFi to further establish itself as the best and most complete non-custodial multi-chain wallet on the market. NuFi’s experience as a staking validator, its NFT gallery, and the upcoming Chrome extension with dApp connector can provide a significant contribution to the Flow ecosystem and its community” said Michal Petro, NuFi’s CEO.
The first phase sees NuFi enter the Flow ecosystem to provide a wallet solution unlike anything else: non-custodial, hardware wallet-compatible $FLOW staking and storage for Flow tokens and FUSD/USDC stablecoins, alongside a well-designed NFT gallery for users to manage their Flow collectibles. NuFi is the only wallet that offers all of this functionality side by side in a single interface.
In the second phase, users will be able to connect to their favorite Flow dApps (through NuFi’s Chrome extension dApp connector) without compromising privacy or control.
The third phase is the most exciting; in partnership with Flow and Ledger, NuFi will be developing Ledger support for Flow blockchain NFTs. For the first time ever, collectors of Flow NFTs will be able to store any of their collectibles in a hardware wallet.
To support this integration, Flow awarded a grant to NuFi that will be used, not only to contribute to the Flow ecosystem, but also to add Flow NFTs support to the Ledger Firmware.
“Helping people manage their FLOW and visualize their NFTs will make NuFi a one-stop-shop for those using Flow,” said Layne LaFrance, Flow’s Product Lead. “Visualizing NFTs in wallets is especially impactful to the ecosystem”
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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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