Blockchain CEO Says Bitcoin Adoption Will Take Long Time, Survivors Will Win 556

CNBC’s Brian Kelly believes that sentiment surrounding the cryptocurrency market has hit the bottom, along with adoption rates. But Peter Smith, CEO of Blockchain, believes that this should be of no worry as users should stay in the market “for the long haul.”

Declining Sentiment: Should You Be Worried?

The last few months have been far from kind to the cryptocurrency market, with prices collectively declining by over 70% since the January highs. However, as Brian Kelly noted on CNBC, Bitcoin’s price is still up by over 125% compared to last June.

Despite growth over a longer timeframe, speculators in the market for the short-term have lost faith, taking a substantial amount of liquidity with them. However, an article from the Financial Times reminds us that true believers should hold their undying faith in the industry for years to come.

Peter Smith, co-founder, and CEO of well-known cryptocurrency infrastructure firm Blockchain acknowledged this faith in a recent tweet. Smith noted how the aforementioned FT article, which he wrote, is “still quite valid.” Further mentioning that the growth of this world-changing industry will “take a long time,” so users should “be prepared for the long haul.”

My piece in the @FT is now six months old, but still quite valid I think. It's going to take a long time, and a lot of ups and downs, to build a new, truly digital, financial system. Be prepared for the long haul!https://t.co/7LmSY2wFy0

— Peter Smith (@OneMorePeter) June 24, 2018

The Internet, despite its revolutionary capabilities, was expected to fail by many of its critics, as the Internet wasn’t widely adopted on its arrival. Looking back now, it is clear to see how mistaken these critics were. Some believe that users should take a similar perspective while looking at the cryptocurrency market, taking a longer-term optimistic approach while looking at the current state of the market. This belief is a direct contradiction with the short-term profits which speculators have focused on, nearly deifying 2017’s cryptocurrency bull run. 

In the original article, Peter Smith wrote:

It is easy to focus on the fluctuation of this or that crypto-asset and to miss the big picture. We are only beginning to grasp the seismic nature of the changes induced by ubiquitous, secure, decentralised ledgers and the quasi-instantaneous clearing they make possible.

Worldwide Adoption Isn’t An Instantaneous Process

Although exact figures are hard to come by, many believe that under 1% of all humans alive have involvement in the cryptocurrency, with this figure paling to the over 50% adoption rate held by the internet. If the cryptocurrency and blockchain industry grows to the size which supporters expect, adoption rates should reach 100%.

Sadly, many cryptocurrency community members have overestimated the industry by unbelievably large margins, expecting instant adoption. Although instant adoption could be a legitimate scenario, it is likely that it will take years for cryptocurrencies and blockchain technology to reach levels of adoption that are on-par with other revolutionary technologies. 

This may be due to the uneasy environment around regulation, along with the growing issues with public sentiment. Global governments have been far from accepting of the industry, with some nations outright banning cryptocurrencies, as governments see it as an attack on traditional systems.

Smith wrote:

Investors should only invest if they believe in the long-term vision of creating a global, stateless, opt-in financial system. They should also be prepared to hold their position for a very long time. I know I am.

Supporters of the industry should be focused on the development of the industry, rather than short-term profits. Some forget that Bitcoin was built on the concept of decentralized, peer to peer money, just after the 2008 financial crisis. Greed in the form of price speculation, along with negligent financial mismanagement led to the 2008 crisis, where millions of people lost their life savings in weeks. 

Speculation still rages on Satoshi’s vision for Bitcoin, however, Bitcoin’s power to change traditional financial systems as they stand today has been made clear. 

The idiom “Rome wasn’t built in a day” is the perfect phrase to ascribe to the current state of the industry, as speculative investors cash-out their cryptocurrency investments en-masse. The maturation of the cryptocurrency market may take a while, but these developmental steps are important to make sure that cryptocurrencies are ready for mass adoption. 

Charlie Lee, popular cryptocurrency personality and the well-respected creator of Litecoin, put it best when he said:

“Build it and they will come!”

Featured Image from Shutterstock

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Despite the bear market, this VC is doubling down with a 10M Euro investment for new blockchain-based projects 2029

Lars Seier Christensen, chairman of the Swiss non-profit Concordium Foundation and a global pioneer in FX and derivatives trading, has announced further investment in the ecosystem around Concordium Blockchain to the tune of 10 million euros.

Determined to help grow an ecosystem in which he has great faith, the VC is doing this despite the current bear market and a possible recession that many are predicting. Concordium, a science-backed blockchain designed with business applications in mind, is tirelessly building the technology to help the world migrate from Web2 to Web3 and beyond.

“I believe we are so early, and so undervalued, that despite all of the news of a recession, there is still great potential for incredible products with revolutionary, concrete real-world applications,” Seier Christensen says of his decision.

The funds will be used to finance projects looking to build on or integrate their dApps on the Concordium chain, as a major area of growth for the blockchain is funding projects related to DeFi, gaming, the metaverse and various industrial applications. All projects funded will also get the opportunity to get commercial and marketing support from Concordium.

He adds: “I hope my investment will help prove to the crypto and blockchain community that now is a good time to build and get funding in time for the next bull run,” he adds. “My ambition is also to provide the framework for several new funds, where other crypto investors can set up fund vehicles to build on and invest in Concordium.”

Kleks Academy Transforms the Cinema Industry via NFT Technology 2275

A collection of unique multi-D NFT’s, which double as tickets to the Kleks Academy universe, which will be available to purchase in the early bird pre-sale on September 27th, the September 28th presale and at the September 29th general sale.

Kleks – An old story, brought back to life

Generations of Polish children grew up on Professor Kleks, a universe created decades before Hogwarts. It all started with a story written in the ‘40s by Jan Brzechwa, which was turned into a cult film in the ‘80s, which over 30 million Poles saw in the cinema.

Technology has since advanced drastically, allowing for the legendary Professor Kleks to be brought back, this time for a global audience. And who better to do this than the Open Mind Production team, which has released consecutive smash hits, including “365 Days 1 and 2”, which garnered well over 500 million views on Netflix.

Incorporating new technology to transform the film experience

Technology is allowing the team not just to tell the story of Professor Kleks in ways that were previously impossible – it is also allowing them to bring the film experience to viewers like never before. The Kleks Academy will be accessible thanks to multi-D NFT’s, minted on ERC-721 compliant contracts deployed on the Ethereum blockchain, which will be your access ticket to the Kleks Academy.

The Kleks Multi-D NFT’s – NFT’s with a twist

The Kleks Academy multi-D NFT’s are hexahedrons, or six sided, 3D animated NFT’s, with each side containing graphics and information, revealed over time in Multiple Discoveries, and holders will be able to Side Swap, making their NFT’s even rarer.

Kleks NFT’s come with truly unprecedented benefits for their owners, which will transform the cinema experience and the NFT scene.

Holders will be able to participate in the film like never before – they will be included from the get go, with access to the production process, roles in the films as extras or speaking roles, invites to special screenings, access to augmented reality elements within the films and finally, to the Kleks Academy custom built metaverse which will enable them to continue the adventure.

FRECKLE$, the fuel of the Kleks Academy ecosystem

The Kleks Academy Metaverse will be powered by FRECKLE$, a utility token on the blockchain, with each multi-D NFT, from the time of minting, assigned a daily release of FRECKLE$ into the FRECKLE$ METER, with a guaranteed amount of FRECKLE$ released within a 5 year period.

We can’t wait for you to join us on this incredible adventure, filled with creativity, innovation, imagination

About us

The Kleks Academy is limited collection of Multi-D NFTs that will live on the Ethereum blockchain, co-founded by the Open Minded Production team. The multi-D NFT is your entrance ticket to the Kleks Academy adventure, which includes the film production process, as well as augmented reality and the metaverse.

Exchange thousands of tokens with newly launched Changelly DeFi Swap 2277

As so-called decentralized finance (DeFi) applications boomed in the summer of 2020, the market has pivoted toward a new direction. DeFi makes financial products and services available to everyone who has access to the internet. Moreover, it helps eliminate third-party involvement in people’s businesses and private lives by creating fully secure and anonymous financial services. Next, DeFi empowers users to truly own their funds and utilize various tools to lend, borrow, stake, earn interest and more.

We are thrilled to announce that we are taking the first step toward introducing DeFi possibilities to our users with Changelly DeFi Swap powered by Yet Another DeFi.

Yet Another DeFi is a decentralized exchange (DEX) aggregator that encompasses all the advantages of DeFi and optimizes transaction costs. The Smart Router by YAD finds the best way for a swap among different liquidity providers and suggests the most beneficial split to proceed with the transaction.

What does this integration mean to our users?

  • 1,000+ available tokens
  • Best rates via DeFi
  • Lower transaction costs compared to industry leaders.

At present, any user can swap various Ethereum-based assets with just a few clicks. However, many more chains will become available in the near future, including BNB Chain, Solana, Fantom, Polygon, Arbitrum, Optimism, Tron and others.

The Changelly team is committed to the goal of becoming the leading CEX and DEX aggregator on the market. We believe our seven-year experience of working with CEXs combined with limitless opportunities of DEXs will make it possible to provide even better rates and lower fees to our users. With the integration of DEXs, we get one step closer to enabling seamless anything-to-anything swaps, regardless of blockchain, wallet connector, etc.

Learn more about Changelly:
Changelly website: https://changelly.com/
Changelly DeFi Swap: https://changelly.com/decentralized-exchange
Changelly Twitter: https://twitter.com/Changelly_team

Senken democratizes the market for carbon credits, bringing the global climate economy on-chain 2848

It’s all about shaking up the status quo: To date, the voluntary carbon market is anything but transparent and structured. Nevertheless, many companies that have voluntarily committed to climate targets consider investments in offset projects an essential part of their decarbonization strategies. As a result, demand for certificates is increasing, which is leading to a rise in prices. At the same time, global standards are evolving to define appropriate quality levels for carbon credits and carbon offsetting. To help navigate this challenging market, Senken has developed an easy-to-use trading platform where anyone can compare, buy, trade, and retire carbon credits in a straightforward, climate-smart way.

Coordinating the Voluntary Carbon Market and its emerging players

“We see ourselves as a market orchestrator,” says René Schäfer, founder of Senken. On senken.io, companies and investors can buy and trade tokenized carbon credits from climate projects in a transparent and traceable way. The certificates are stored in a distributed database in a decentralized and immutable manner. They contain all necessary and available information along the climate project value chain—from information that determines project quality and performance, to information on co-benefits (for example, information on Sustainable Development Goals), trade and market data, and additional information such as ratings.

“We offer about 20 million certificates. Another 18 million credits are currently being onboarded,” explains Adrian Wons, founder of Senken. To this end, the company partners with leading regenerative finance and tech startups such as Toucan Protocol, Flowcarbon, Celo, and Polygon, but also with carbon rating agencies such as BeZero Carbon and project developers like Allcot, who are all tackling the lack of transparency and quality by leveraging new standards and technological breakthroughs like blockchain or sensor data.

Senken’s mission is to solve the credibility and transparency problem of the voluntary carbon market

“We believe that the Voluntary Carbon Market is a meaningful and effective mechanism in the fight against climate change. We want to give it a new digital guise and help companies and investors to participate in the market in a qualitative and trustworthy way. At the same time, this allows the market to grow quickly and sustainably,” says Schäfer.

Founder Adrian Wons built up the blockchain unit at Ernst & Young (EY) Germany and led the department for two years. He has a background in Mechanical Engineering and wrote two books about blockchain technology for SpringerGabler. René Schäfer was previously responsible for digital platform business models and digital strategies at hy – the Axel Springer Consulting Group. He advised over 50 clients in the areas of marketplaces and digital transformation. Djamel Mekibes held various European management roles for TJX Europe and led international teams, most recently as Head of Central Operations Germany TK Maxx.

About Senken

Senken has built the world’s first climate finance platform for the trade of on-chain carbon credits. The goal: to democratize purchases, sales, and retirements of carbon credits which were previously only available to privileged investors or over-the-counter insiders. The Senken Marketplace enables transparent investments in tokenized carbon credits from verified climate projects. The projects underlying the credits can be effortlessly queried and compared. The corresponding project credits can be bought, traded, and used to offset carbon emissions. Credibility and trust are guaranteed by a decentralized on-chain infrastructure that stores all accruing information along the value chain of climate projects. Senken was founded in 2022 by Adrian Wons and René Schäfer, co-founder is Djamel Mekibes. https://senken.io/

New Idexo Zapier Integration Connects Over 5000 Web2 Applications to Web3 Unlocking Thousands of NFT Innovation Use Cases 2719

idexo is pleased to announce that it has successfully completed an integration with Zapier, enabling any app that connects to Zapier to connect to the blockchain and web3 across many different chains, and unlocking many thousands of new NFT innovation use cases. The idexo Zapier integration has launched in Beta phase and is available in the Zapier App Directory.

Applications of this integration include:

  • Mint an NFT any time a new row is added to a Google Sheet
  • Mint an NFT with an Email
  • Mint and gift new NFTs as part of drip marketing campaigns
  • Autogenerate early user Soulbound Tokens and participation-based NFTs based on product usage and other customer milestones
  • Trigger NFT mints on a time-based schedule or via webhook action from any application
  • Turn web2 tickets into web3 tickets
  • Create smart contracts via Google Form, Typeform, Wufoo, Gravity Forms and others
  • Create new NFT surveys and responses via any connected web form or survey application
  • Create new decentralized Business Intelligence and Reporting applications using NFTs
  • Create automated workflows that create NFT collections and NFTs within them and promote them on social media
  • Create audio NFTs from voice calls
  • Instantly back up new files from Google Drive, Dropbox and others to permanent decentralized storage on Arweave
  • Generate quotes and proposals as shareable NFTs
  • Autogenerate access and membership NFTs from traditional transactions
  • Organize journals and photos into NFT collections
  • Turn NFTs into printed items such as posters and t-shirts

How anyone can get started using this integration:

  • Register an idexo account
  • Find API key – this is what you need to enter when accessing your Zap
  • Add transaction credits and use them to purchase method credits necessary for making the integration transactions
  • Connect your Zaps using the Zapier interface. To try a simple one, connect a Google Sheet and trigger a new contract deployment and/or NFT mint using a new row in a sheet, or use a webform integration to create them using a simple form.
  • For smart contracts deployed, you can find them under the Contracts tab in the idexo app dashboard. For individual transactions such as minting NFTs, these will appear as a log under the API section under account settings.
  • If desired, set-up a trial account for one of idexo’s monthly plans to access advanced SaaS features and enhanced support

To support the creation of Zap templates, idexo will be holding an idexo Zap hackathon with details and dates to be announced soon.

“From our founding idexo has been focused on simplifying the process of integrating blockchain features into regular applications, opening up NFT innovation to the broader market of creative entrepreneurs,” says Greg Marlin, CEO/CTO of idexo, “We started with simplifying everything down to one line of code and straightforward naming back in early 2021. We’ve always strived to make it easy for anyone, including non-coders to achieve great applications. This aligns perfectly with Zapier’s mission to help people build no-code applications and they’ve done an amazing job of enabling that and attracting such a large number of connected apps. We’re excited to see what people build with these new integrations that connect the Zapier ecosystem with an ever-growing idexo library of available smart contracts, layer 1 and layer 2 blockchains, and web3 and NFT integrations.”

To get started with the idexo Zapier integration, users can first register a free account to obtain an API key and add the necessary transaction and method credits to perform transactions. For more information, users and companies can find documentation links and book a guided demo on the idexo website.

ABOUT IDEXO

Idexo envisions a world where decentralized applications pervade every industry in the $88Trillion/year world economy the way the Internet does.

Idexo’s mission is to empower innovators to create these industry-disrupting applications.

XDC Network to Integrate Groundbreaking DeFi and Compliance Technology From Securrency 2731

Securrency, a leading blockchain-based financial markets infrastructure and products company, announced today that it will deploy its proprietary Digital Asset Composer on the XDC Network, a state-of-the-art blockchain with a mature ecosystem and a particular focus on real-world applications in global trade and finance.

Digital Asset Composer is a unique no-code platform for the creation of digital assets, sophisticated financial instruments as smart contracts on blockchain networks, and crowd-sourced financial engineering in an open ecosystem of value. It will allow the XDC Network community to easily compose financial instruments and entire DeFi protocols, fractionalize real-world assets (RWAs), and create highly customized utility NFTs.

Through the deployment of Digital Asset Composer, the XDC Network aims to empower its users with more powerful and convenient means of creating value on blockchain networks than existing DeFi tools that have proliferated in recent years. Using Digital Asset Composer along with pre-populated asset class building blocks, users will be able to rapidly create and customize a variety of DeFi protocols that span lending and borrowing, yield aggregation, asset management, and derivatives. The result is a community of network users who are empowered to create entirely new protocols, as well as to extend their own versions of the most popular protocols in the market, much more rapidly than is currently possible.

Securrency will further empower XDC Network users to create institutional-grade digital assets and protocols by integrating its Digital Asset Composer platform with Securrency’s Compliance Aware Token Framework and the Securrency Compliance Oracle. The combination of these two powerful technologies means that users will be able to issue tokens that are deemed to be regulated securities and exchange these tokens across different venues and multiple jurisdictions on the XDC Network. Further, Securrency’s Compliance Aware Token Framework will enable identity-proofed persons to recover an enabled asset in the event of loss of keys, theft, or enforcement actions.

“This is an important development for the XDC Network ecosystem and for institutional adoption of digital assets,” said Atul Khekade, founding director of the XDC Network. “Our collaboration with Securrency addresses several regulatory and institutional stakeholder concerns regarding establishing and maintaining control of assets, especially in regard to regulated financial instruments such as digital bonds, trade finance distribution, stablecoins, and central bank digital currencies (CBDCs).”

Dan Doney, CEO of Securrency, added, “We are extremely pleased to be partnering with the core team and the wider XDC Network community to deploy Digital Asset Composer and enable decentralized access to next-gen financial processes and digitally-native assets in a way that is decentralized, highly composable, and requires minimal blockchain knowledge. Securrency and the XDC Network have put a serious marker down in terms of innovation within the space.”

Securrency, Inc., is a group of companies with a common mission to transform capital markets and enable global liquidity and universal access through technology. Centered around Securrency Solutions Technologies, a blockchain-based capital markets infrastructure and products company, Securrency develops and deploys proprietary and patented technologies through third-party customers and strategic partners, as well as through its organic Group financial services subsidiaries. Founded in 2015, Securrency has been a first-mover in institutional-grade blockchain tokenization and decentralized finance boasting, among other technologies in its deep technology stack, a unique interoperable compliance framework to enable the real-time movement of value and a powerful smart contract composer to automate complex financial operations at scale. Through its strong partnerships with some of the largest and most important global financial institutions, its strategic positioning in the US, the UK, Europe, and the Middle East, Securrency has firmly established itself as one of the leading blockchain technology companies in the world.

XDC Network is a leading enterprise ready hybrid blockchain for global trade and finance.