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CES 2022: CoolBitX Unveils New CoolWallet Pro NFT features for Pioneering DeFi Hardware Wallet at TTA Pavilion

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Crypto security pioneer CoolbitX has announced that it is debuting at CES 2022 the new in-app integrated non-fungible tokens (NFT) functions for its flagship CoolWallet Pro, the leading DeFi-focused mobile cold wallet with a credit card form factor at CES 2022.

The CoolWallet upgrade includes integrated support for the world’s leading NFT marketplaces OpenSea and Rarible and a daring metaverse-focused innovation lab comes in response to the growing evolution of digital assets in 2021, and positions it well for the expected boom in new NFT applications to be used across DeFi, GameFi, Web 3.0 and metaverse protocols in 2022.

CoolWallet Pro Answers Rising Demand for Opensea and Rarible NFTs

Launched in 2016, CoolbitX’s flagship product, CoolWallet allows users to not only safely store an ever-growing portfolio of elite digital assets, but to also interact with an integrated in-app marketplace that provides access to the world’s best decentralized finance protocols and exchanges, and the unique services they provide, such as DeFi staking, borrowing and lending.

NFTs have enjoyed incredible mainstream adoption and pop culture success in 2021, with projects like Bored Ape Yacht Club (BAYC), NBA TopShots, and CryptoPunks generating millions in revenue and aligning with some of the world’s biggest brands such as Nike, Visa and Adidas. There is no question anymore that NFTs serve as a bridge between real-world and digital asset ownership. Practical enterprise applications and use-cases available across a variety of exciting new industries such as metaverse, Play-to-Earn (P2E) and Play-to-Learn (P2L) gaming are widely expected for 2022.

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As such, CoolWallet Pro is now offering mobile in-app integrated NFT functions, which features support for leading NFT marketplaces such as OpenSea and Rarible. It not only benefits original CoolWallet users but also serves as an accessible portal to bring new audiences from outside the crypto space to participate in the industry.

“We have been committed to our mission of fostering the mass adoption of crypto assets since 2014, when we began work on the world’s first Bitcoin mobile hardware wallet. NFT support on the CoolWallet will help to seamlessly blend our users’ physical and virtual worlds, empowering them to manage and protect both their crypto assets and digital collectibles with confidence. At the same time, it opens the doors to limitless partnership opportunities with NFT creators and we look forward to many more exciting projects to come,” says Michael Ou, CEO and Founder of CoolBitX.

CoolWallet Pro supports more currencies

CoolWallet Pro users can earn passive income on their DeFi (decentralized finance) assets such as Polkadot (DOT), Cosmos (ATOM), and Tron (TRX), with support for Cardano (ADA), Polygon (MATIC), Solana (SOL), and other leading currencies in the pipeline.

This comes in addition to its existing native support of BTC, ETH, LTC, XRP, BCH, ZEN, BNB, DOT, ATOM, TRX, USDT, USDC, and ERC20, BEP20, and TRC20 tokens.

CoolBitX to make NFTs securely accessible to all

In the meantime, CoolBitX is exploring possibilities to attract audiences outside the crypto space through the newly launched “CoolBitX Innovation Lab“. It introduced its first ‘metaverse-like’ project, NAO NFT, which brings together the virtual and physical worlds through an exclusive collaboration with Jinguji Nao, a Japanese adult film actress.

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The NAO NFT project includes four special auction items and limited blind box offerings that will be sold through the CoolBitX Innovation Lab project site. Each NAO NFT pack comes with a threefold surprise — an exclusive NFT; a dedicated Nao version CoolWallet Pro hardware wallet, and a possible mystery prize from Nao herself.

For many creators looking to enter the crypto industry, entry barriers are high and also require potential collectors to understand the value of this new form of content creation.

However, CoolWallet’s unique design provides a tangible aspect to the collector, which may be more familiar and hence more viable for mass-market adoption, whilst at the same time safe keeping the consumer’s digital assets and NFT collection.

Blockchain

Blocks & Headlines: Today in Blockchain (Chainlink Labs, BlackRock, Fidelity, Dynamite Blockchain)

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Exploring the Frontlines of Blockchain Innovation and Adoption

The blockchain industry continues to shape the future of finance, governance, and technology. Today’s briefing covers a range of key developments, from Australia’s crypto crackdown to Chainlink Labs’ expansion, Nevada’s innovative blockchain-driven electoral security, and updates on institutional Bitcoin adoption.


Australia’s Crypto Shakeup: A Looming Exodus for Blockchain Startups?

Australia’s blockchain and crypto sectors face a tumultuous period as nearly 30% of the country’s crypto-related businesses are projected to close operations by 2024. This decline follows increased regulatory scrutiny and diminishing investor confidence, as outlined in a report by KPMG.

The tightening regulatory environment has fueled debates about whether these measures protect consumers or hinder innovation. Advocates argue that clear regulations are crucial for building trust and stability in blockchain ecosystems, while critics fear they might stifle entrepreneurial spirit in the country.

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This development could serve as a cautionary tale for other nations walking the fine line between fostering innovation and enforcing compliance.

Source: Cointelegraph


Breaking Down Institutional Bitcoin Adoption

Institutional adoption of Bitcoin is on the rise, marking a significant milestone for blockchain’s integration into mainstream finance. A new report reveals how companies are leveraging Bitcoin as a reserve asset, while financial giants explore Bitcoin-backed investment products to attract both retail and institutional clients.

While adoption is accelerating, barriers remain. Regulatory uncertainty, volatility, and infrastructure gaps hinder broader integration. However, with asset managers like BlackRock and Fidelity increasingly embracing Bitcoin ETFs, institutional interest appears to be solidifying the cryptocurrency’s position as “digital gold.”

This trend signifies blockchain technology’s growing legitimacy in traditional financial systems, offering a pathway for further innovation and integration.

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Source: Bitcoinist


Nevada Implements Blockchain for Election Security

In a pioneering move, Nevada has integrated blockchain technology to enhance electoral security and prevent fraud. This development comes in response to a 2020 incident involving fraudulent electors, with blockchain now being used to verify the authenticity of electoral certificates and records.

The immutable and transparent nature of blockchain ensures tamper-proof data integrity, making it an ideal solution for secure electoral processes. Nevada’s initiative could serve as a model for other states and countries grappling with election integrity issues.

By leveraging blockchain for governance, Nevada showcases how this technology can go beyond finance to address critical societal challenges.

Source: 8 News Now

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Dynamite Blockchain Rebrands and Charts a New Path

Dynamite Blockchain has announced a strategic rebranding initiative to align its corporate vision with emerging trends in decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise solutions. The rebranding effort includes an updated logo, a new corporate mission, and a pivot toward offering scalable blockchain solutions for businesses.

The company’s refreshed focus aims to position Dynamite Blockchain as a leader in enterprise blockchain adoption, helping organizations integrate decentralized solutions seamlessly into their existing frameworks.

This rebranding underscores the importance of adaptability in the rapidly evolving blockchain space, where staying relevant often means redefining one’s identity.

Source: GlobeNewswire


Chainlink Labs Expands to Abu Dhabi Global Market (ADGM)

Chainlink Labs, the developer of the blockchain oracle network Chainlink, has established a new presence in the Abu Dhabi Global Market (ADGM). This strategic expansion aims to tap into the Middle East’s growing blockchain ecosystem and foster collaborations with financial institutions in the region.

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By entering ADGM, Chainlink Labs signals its intent to advance blockchain-powered financial solutions, with a focus on enhancing smart contract utility and adoption. The move also underscores the region’s increasing role as a hub for blockchain innovation.

This expansion reinforces Chainlink’s position as a key player in bridging on-chain and off-chain systems, further enabling the growth of decentralized applications worldwide.

Source: PR Newswire


Emerging Trends and Insights

  1. Regulatory Challenges: Australia’s crypto downturn reflects the broader tension between innovation and regulation, offering lessons for global blockchain players.
  2. Institutional Momentum: The rising adoption of Bitcoin by financial giants suggests a pivotal shift in the role of cryptocurrencies in traditional markets.
  3. Blockchain Beyond Finance: Nevada’s electoral security innovation highlights blockchain’s potential to address societal issues beyond financial services.
  4. Corporate Evolution: Dynamite Blockchain’s rebranding illustrates the industry’s emphasis on staying agile and forward-looking.
  5. Global Expansion: Chainlink Labs’ move into ADGM underscores the Middle East’s emergence as a critical blockchain innovation hub.

Key Takeaways

  • Blockchain’s application in governance and security, as seen in Nevada, demonstrates its potential for societal transformation.
  • Institutional adoption of Bitcoin is solidifying its status as a mainstream financial asset, even amid regulatory hurdles.
  • Strategic rebranding efforts, such as Dynamite Blockchain’s, reflect the dynamic nature of the blockchain industry.
  • Expansions into regions like the Middle East signal blockchain companies’ focus on tapping into emerging markets.

 

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Bitget Wallet Partners with YouHodler to Launch Exclusive YHDL Token Airdrop Campaign

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Blockchain

VAP Group Set to Host Second Edition of Global AI Show in Dubai

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