TL; DR
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A handful of boring companies have launched that recently Real get us excited because of their impact on Web3’s growth.
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Coinbase, for example, has announced a new on-chain platform that will allow financial assets, such as debt, to be bought and sold under an initiative called ‘Project Diamond’.
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This will help attract more traditional financial companies into the crypto space and grow the overall value of the crypto market, which translates into more money in the pockets of crypto holders.
Full story
Boy, do we have the most exciting and boring news for you today?
(Yes, both things can be true at the same time.)
This is what we’re talking about:
A handful of boring companies have launched that recently Real get us excited because of their impact on Web3’s growth.
The premise of most of these companies is to create easier ways to process old Web2 data on a blockchain.
For example:
Technology Innovation Institute (TII) wants to enable companies to buy/sell/trade CO2 credits via the blockchain.
(Okay, sounds a bit boring).
An open global market for carbon credits will help us achieve a zero-emissions future.
(That is exciting!).
And this week’s update goes something like this:
Coinbase has announced a new on-chain platform that will allow financial assets, such as debt, to be bought and sold under an initiative called ‘Project Diamond’.
(Okay, sounds a bit boring).
This will help attract more traditional financial companies into the crypto space and grow the overall value of the crypto market, which translates into more money in the pockets of crypto holders.
(That is exciting!).
So what do traditional financial firms get from this?
Faster settlements, lower costs and greater transparency.
(Boring for us, exciting for them!)
