Blockchain
Artmarket.com, already positioned on NFTs with Artprice, reacts to an interview on BFM Crypto with Bruno Le Maire and notably his desire to make France “the hub of the crypto-asset ecosystem”
On 17 October 2022, Bruno Le Maire – Minister of Economy, Finance and Industrial and Digital Sovereignty – was interviewed by BFM Crypto on the topic of crypto-assets.
Artmarket.com carefully notes the declaration by the top of the State of the economic potential of the crypto-asset ecosystem, and above all of wanting to make France “the European hub of the crypto-asset ecosystem”. Bruno Le Maire declares: “And we want France to be the European hub of the crypto-asset ecosystem.”
He also said: “Today, France has some of the most innovative DASPs in the world and can draw on an exceptional concentration of crypto skills, whether scientific, IT, financial, legal or commercial.”
Artmarket.com is fully prepared to contribute to making France a Leader in crypto-assets in Europe and also in the world, in the specific field of Art NFTs, adopted by all historical players in the Art Market.
As World Leader in Art Market Information and a pioneer on the Internet since 1987 with Group Serveur, Artprice by Artmarket (twice designated an “innovative company” by BPI France) has all the advantages, technological know-how, and expertise to give France a place as an international leader in the field of crypto art.
Artmarket.com already has a permanent information feed on daily NFT news in 119 countries, as the world’s leading press agency dedicated to the Art Market, NFTs, and Metaverse:
Artprice by Artmarket.com confirms that during the first half of 2022, the Art NFT phenomenon (Jeton Non Fongible in French) became a durable segment of the art market on all continents with acceleration in sales and volumes in the second half of 2022. This acceleration has been triggered primarily by a) the purge of cryptocurrencies and b) the introduction of much more favorable legislation in the USA. Meanwhile, Europe has introduced a regulatory framework that supervises and controls the cryptocurrency environment, thereby giving greater confidence to consumers, investors, and operators.
This regulation is the subject of studies, colloquia, and proposals to major French and European government bodies by the Art & Law Institute, where Artprice by Artmarket has been heavily involved as a long-standing member since 1997.
thierry Ehrmann, founder of Artprice and CEO of Artmarket.com remarks: “in our various annual art market reports and our communications with investors, we have always included NFTs in our studies. And we have always said that one cannot understand this market with exponential growth without understanding the vital importance of Blockchains, cryptocurrencies, and their cultural origin within the Cypherpunk milieu (period of PGP-type data encryption in the early 1990s).”
Indeed, OpenSea USA, the leading NFT platform, itself declares that 80% of the primary issues of Art NFTs are likely to impact the intellectual property rights of third parties. Faced with this observation, Opensea has announced that it is considering solutions to counter this scourge and protect sellers and buyers. There is only one viable solution to this problem: the certification of the primary Art-NFT market by Artprice through its blockchain and its smart contracts.
It is precisely in the primary issue of Art NFTs that Artprice by Artmarket.com is the only one on the world market, taking into account all the underlying parameters and data, to be able to truly meet the certification of primary issues of Art NFTs.
This ability to certify primary issues of Art NFTs is based on the fact that Artprice by Artmarket.com is the World Leader in Art Market Information and author for 25 years of its authoritative databases. These in turn contain the largest documentary collection in the world of notes, manuscripts, and catalogs of auction sales since 1700, guaranteeing in return the authenticity and the historical proof of its databases.
Artprice by Artmarket.com aims to be the most successful and highly competitive Art NFTs platform through its Metaverse, which is the ultimate and inevitable outcome of the NFT revolution.
This Metaverse is the assurance of exponential and continuous growth of the Art Market by NFTs. It will be accompanied by its Blockchain and its smart contracts to allow fair remuneration for artists, with copyright societies such as ADAGP, of which Artprice has long been one of the main contributors, under the legal provisions of reproduction, for the support of artists.
The Minister of the Economy adds “In the immediate future, I am delighted with the transition from Ethereum to proof of stake, which consumes much less energy. ”
This is in line with Artprice by Artmarket.com’s Blockchain, which will mainly use Ethereum for its smart contracts, as announced in its recent press release, following the transition from “Proof of Work” (PoW) to “Proof of Stake” of Ethereum 2.0 on September 15, 2022:
Indeed, Artmarket.com has been following very closely for the last 3 years the transition to “The Merge” for the decarbonized Blockchain Ethereum 2.0, in the context of the global energy crisis, which is only just beginning. According to its Founder Vitalik Buterin, thanks to “The Merge”, after 7 years of development and successful beta tests), the electricity consumption of the Blockchain ETH collapses by more than 99.95%, going from “Proof of Work” (PoW) to the “Proof of Stake” (PoS).
The fact that Artprice anticipated three years earlier the Blockchain Ethereum and its smart contract as the reference in the Art Market for NFTs, is further reinforced by the official dispatch from Christie’s on September 27, 2022, with the launch announced of Christie’s 3.0 which is based on the Blockchain Ethereum.
According to an Artprice study:
“All Market Makers in the Art Market and in particular the majority of Auction Houses worldwide now have an NFT department for cataloged and online sales throughout the year. Similarly, all the major structures in the museum industry and art galleries are starting to publish their own NFTs.
Digital Art created in the 1980s is finally making its real revolution by impacting nearly half a billion Art NFT enthusiasts, at purchasing costs that are now very accessible.
There are already more than 54,000 artists identified by Artprice who directly produce their NFTs for their buying public and this is only the very beginning of this paradigm shift.
It is a major event that definitively modifies the structure of the Art Market and its actors, as known since 1950 according to sociologists, art historians, and analysts. This is also confirmed by the various departments of Artprice, particularly concerning the figures.”
Artmarket.com will contribute to giving France and Europe a chance to counterbalance the Anglo-Saxon hegemony in the field of crypto-assets. It will expose to the Minister of Economy, Finance, and Industrial and Digital sovereignty, the unique capabilities of Artprice by Artmarket.com, the World leader in Art Market information for 25 years, in certification of primary issuance in the field of Art NFTs and crypto Art more generally.
Copyright 1987-2022 thierry Ehrmann www.artprice.com – www.artmarket.com
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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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