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Tokenized NVIDIA SharesThe market for tokenized assets is on the brink of revolutionizing the world of blockchain solutions. However, many of the big ideas are still in their early stages. In 2018, a project named Synthetix attempted to tokenize stocks, but the effort was thwarted by the US government.
The situation now appears to be changing. INX, a Canadian trading platform, has introduced $bNVDA, tokens backed by real $NVDA shares held in the exchange's accounts. Crucially, $bNVDA can be traded by non-US citizens. But how has this become possible, given the previous US government restrictions on such activities?
Tokenized NVIDIA Shares
The answer lies in cross-market regulations. The tokens are issued in Switzerland through INX's partner Backed. Favorable market regulations and trading conditions between the US, Canada, and Switzerland have enabled the issuance of $bNVDA under European regulations. Additionally, INX requires users to pass KYC (Know Your Customer) checks to use the exchange, making it unlikely that sanctioned individuals can access the platform.
This situation is unique in the market, and we recommend following the news on this development (with us)!
Farcaster Is Rising | Part II
You have probably heard of Farcaster, especially if you read the news on Notum Hub. The first thing that comes to our minds is why a PAID web3 social net has developed so rapidly in recent months. There is a real feature that makes the platform unique.
Frames. Farcasters allow users to create NFTs, develop games, or add instant checkout links directly from their social media feeds. This transformation has made the platform more dynamic and has significantly increased user engagement. Thus, people spend more time on a platform and enjoy different available formats.
As we see, 2024 will be the year of SocialFi products so the rise continues. Despite Farcaster being launched in 2020, only today did the service get real attention. Will it remain or now is the question of time but Frames mechanic is an innovation in the world of socials.