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Beyond Art: Unlocking the True Potential of NFTs! Non-Fungible Tokens (NFTs) have taken the world by storm, initially as digital art collectibles commanding jaw-dropping prices. But the utility of NFTs extends far beyond art, offering transformative possibilities across industries. Let’s explore how NFTs are redefining ownership, accessibility, and innovation. The Power of Digital Ownership At their core, NFTs are unique digital assets verified by blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are interchangeable, NFTs are one-of-a-kind or limited-edition tokens that represent ownership of specific digital or physical items. This uniqueness makes them ideal for certifying authenticity and ownership, disrupting industries like gaming, real estate, and intellectual property. NFTs in Gaming Gaming is one of the most promising spaces for NFTs. With blockchain-backed digital assets, players can own in-game items such as weapons, skins, and characters. The...

Tether, the world’s largest stablecoin, has announced that it “and its subsidiaries are about to complete all formalities to relocate to El Salvador.” This comes after Tether acquired a Digital Asset Service Provider (DASP) license in El Salvador.  It also follows an announcement from Bitfinex Derivatives that it had also received a DASP license in the country.  Bitfinex Derivatives has been awarded a Digital Asset Service Provider licence in El Salvador – a monumental step in our global expansion. The new licence supports El Salvador as a key digital asset financial centre. Discover more:https://t.co/vPGO01clhp pic.twitter.com/79hdbBHONX — Bitfinex (@bitfinex) January 7, 2025 The full list of Bitfinex and Tether entities that seem to have received DASP licenses is: Bitfinex Derivatives El Salvador, S.A. de C.V. TGNA El Salvador S.A. de C.V. TG Commodities El Salvador, S.A. de C.V. Tether NA El Salvador, S.A. ...

Traditional finance companies are boosting their engagement with Ethereum-based real-world asset protocols, resulting in RWAs outperforming DeFi blue chips. Real-world asset (RWA) protocols have become a hot trend within DeFi circles. A real-world asset (RWA) protocol is a decentralized application that allows entities to tokenize and trade real-world assets. These assets range from stocks and government bonds to real estate and commodities. They are also known as asset tokenization protocols. DeFi provides certain advantages over TradFi by making the smart contracts transparent and enabling a wide degree of financialization of these assets by making them divisible, transferable, and tradable on decentralized platforms. The top uncollateralized lending protocols for institutions in TrueFi and Maple increased by 26.6% and 117.8% in 2023. Centrifuge, a real-world asset tokenization platform, surged by 32% year-to-date. In comparison, the gains recorded by the DeFi pulse index (DPI) in...