Blockchain
Community-based social platform Cinfinix with one-click NFT creation feature formally launched
Hieroglyph Digital Technology, a blockchain innovation company, recently launched a cross-chain Non-Fungible Token (NFT) social platform, Cinfinix, based on Ethereum (ETH) and Polygon technologies. The platform allows users to create and display their NFTs freely to identify their individual value through better engagement with the community, while realizing innovative ideas to capitalize private social data and give rise to the personal digital economy. The app can be downloaded and installed directly from the Apple and Google Play stores, enabling users to have instant access to the metaverse.
The maturing of Web3.0 technologies and applications has allowed for the rapid development of varied NFT projects. As a unique token which can not be split up, NFT is quickly gaining popularity among investors and creators. According to the blockchain data platform Chainalysis, the value of smart contracts for creating NFTs on the ETH blockchain exceeded US$40.9 billion in 2021. However, how to create and specifically define the value of a NFT has always been the greatest concern of investors, creators, metaverse fans and researchers.
The purpose behind the launch of Cinfinix is to rewrite the initial definition of NFT in a narrow sense and extend the scope of the definition, considering personal digital assets and the value attributed to them by Web3.0-based NFTs as a new way to highlight one’s personal identity, community activities and social experience in the metaverse space. The intangible assets also serve as a fast pass by which individuals can enter the metaverse world.
Based on Web3.0 technologies, Cinfinix integrates the core elements of the metaverse, including self-built communities, creators, originality, credibility, communality and common areas of interest, with infinite possibilities and unlimited creativity, empowering every creator with NFT properties and functions. Different groups of users, such as individuals, brands, merchants and organizations, can engage in a variety of creative social activities on the platform, with each one making a contribution to the development of the personal digital economy.
No limits for creating NFTs
As part of one’s private assets, creations on social media representing a person ‘s value are owned by users. They can publish any amount of beneficial content on the platform as a way of sharing their experience and reflecting their personal value by establishing a presence in the My Community and/or My Home sections.
NFTs can be created without any content and format limits. It can be a text, a photo, an audio or a video. After being created, an NFT can be placed for sale on the Cinfinix platform.
Self-determined community-oriented social networking
Built upon Web 3.0 ‘s decentralized blockchain protocol, Cinfinix encourages users to interact with others freely. Whether your are an user, a creator or a brand, you can choose a role as an Explorer, Contributor and Metaverse Rising Star on the platform to build your own or join different types of communities where you can monetize your NFTs, gain more influence and increase your personal wealth.
One-click NFT creation without any costs
By connecting to a digital wallet, users are able to convert their content directly into an NFT and become the owner of a real-time unique NFT with one touch. After completing daily check-ins or participating in community social tasks, users can also be rewarded with bonus points (CIX). Moreover, they can upgrade their status and receive more NFT shares and platform tokens based on their contributions to the community. In the early stage of the launch, CIX points can be directly used to tokenize NFTs, totally cost-free.
Exclusive NFT authentication
With Cinfinix’s strong social properties, various brands and participants can build their own communities on the platform including creating an NFT membership card, establishing member benefits and initiating community activities to enhance user stickiness.
Cinfinix offers a wealth of operational tools to boost the development of communities, including Web3.0 digital marketing tools that brands can use to create an autonomous business ecosystem of metaverse KOLs.
Pre-Seed financing for the app was completed prior to the launch. Remaining funds will be applied to the leveraging of Web3.0 technologies to gradually roll out a number of personal digital economy services to users, with the triple goal of assisting active communities in issuing governance tokens, opening up a crowdfunding platform, and putting in place the development plans for Cinfinix and DAOs within each community.
With the help of various authentication tools, Cinfinix is launching a personal NFT showroom for students, where they can showcase their school life and enrich their job applications. In addition, Cinfinix has started a partnership program to invite NFT projects, brands, merchants, and organizations around the world to join the platform and establish a community.
Become a Cinfinixer and join the community to create a new NFT experience together.
Official website: https://cinfinix.io/
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.
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