This is one of the moonshot stories of the day, the NAV token pumped up by 22% after its announcement of the NavCoin Core 6.0 release.



This new version includes two major protocol updates. xNAV - their new private token, bringing back to NavCoin the long-awaited privacy protocol. This upgrade will protect the NavCoin DAO voting quorums in the case an exchange would decide to enable staking for NAV.

This is not the only new feature coming out, but other changes are also included, like full wallet encryption. I read the whole list of changes here in the release notes. With more than 850,000 new lines of code added, ensuring the quality of the changes was really prioritized. Even an xNAV Testing Bounty program was implemented and new members are joining, helping in the process and reporting the bugs they’ve found.

Source

On this episode of NEM Show, their CIO talked about the upcoming Opt-in, the future of NEM, and the upcoming launch of Symbol Blockchain.

Since we're all in for NEM here, its good to share this with everyone. I'm also hoping that their launch with Symbol will help boost up their market price.

LOS ANGELES, Sept. 8, 2020 /PRNewswire/ -- Sensorium Corporation unveiled a first look at PRISM — the world of electronic music within Sensorium Galaxy, the social VR platform supported by Forbes-listed billionaire Mikhail Prokhorov, Jay-Z's music streaming service TIDAL, and other renowned global artists and entertainment companies.

Yann Pissenem: "We are creating PRISM for all those who carry the love for electronic music in their hearts. We want the powerful energy of dance floors to be released from the offline spaces into the virtual reality - PRISM is to become a single hub for fans of this genre from all over the world to break free from any physical limitations. We will let the energy of music and the power of sound rule this world, bringing with it an environment into the stages of constant transformation and rebirth, which will and let the users really feel the power of this incredible virtual experience."

And all these, will happen via a payment instrument based on blockchain technology and will be ran through a token.

Are these good use for cryptocurrency/blockchain technology and will these industries and technology mash well?

Source

NEM recently expressed that the Symbol Opt-in launch date is announced.  The opt-in opening date for Symbol is September 15, 2020.

The Opt-in date was on September 07, 2020; however, an additional 8 days have been allotted for testing in order to improve the UI/UX.  There are no new reported challenges as the testing seems to continue.

For those who do not understand opt-in, it is the method by which the existing XEM holders will be able to claim their XYM tokens at the point of Snapshot, which will take place prior to the new chain launch of Symbol, which is scheduled for December.

To place the claim on XYM users should understand and accept the terms and conditions which is available on the website.  This is a part of the process of Opt-in.

Of note, the Opt-in web pages and terms and conditions will also be going live on September 15, 2020.

At the point of snapshot, for those who do not opt in the XEM balance that is there, will be allocated with an equivalent amount of XYM in to the user’s wallet.  Thus, users will be able to Opt-in to their your XYM tokens for nearly 6 years after the launch date providing further details about how this might get shared in the near future.

Starting, September 15, 2020 users will be able to Opt-in using the NEM desktop wallet and the NEM mobile wallet for Android versions only. Notably, the single accounts, which can consist of namespaces & harvesting keys; and Multi Signature accounts, which can consist of namespaces and harvesting keys. Of note, they have also stated that the Multi Signature account Opt-in could only be initiated in the NEM desktop wallet.

Sydney Ifergan, the crypto expert, tweeted:  “It is Snapshot and NEM Opt-in time.  They state Binance have not yet announced support. They also say that the only way to absolutely receive XYM is to hold XEM in a wallet that is user controlled.”

The best option for now is to store the funds in the NEM desktop wallet.

NEM Cryptocurrency Reimagine 2020 v2.0 Workshop Series

In the Reimagine 2020 v2.0 Workshop series, Laura Angel, Business Development LATAM at u/NEMofficial have provided a general overview regarding the use cases about the two blockchains like NIS1 and Symbol.  The video is worth the watch by those who are trying to understand NEM.

The iOS is expected to be available on the Apple Store at a later date due to the centralized approval process.  For now users are to log into their NEM wallet and follow the instructions for the Opt-in.

Source

Currently there are currently 3 main barriers to full adoption for organisations seeking to participate in DeFi:

1. Scalability 
Symbol can provide significantly more transaction throughput to help cater to the significant volume of DeFi users, from individuals to small businesses.
Because Symbol is a hybrid of both public and private blockchain, and it is designed for solutions to help enterprises avoid unnecessary cost and complexity, Symbol can help to avoid the poorly-scaling high fees of Ethereum smart contracts.
With its plugin-based business functions, Symbol is tested and instantly usable, making it easy to build quickly and cost effectively.    
Using Symbol will help to overcome the scalability challenge that can be experienced when building DeFi products and services.  

2. Liquidity and Collateral
DeFi is collateralised by Ethereum as well as Dai and USDC. However, this over reliance on Ethereum means that bringing other collateral types to DeFi, such as Bitcoin, via sidechains is an obvious answer to this bottleneck.
Symbol is built for cross-chain interoperability and, through atomic swaps and multi-level multi-sig features, can provide a ready made solution to assist with collateralising the DeFi system.

3. Reducing Volatility
Today, the primary use case for DeFi remains the facilitation of ‘longs’ on Ethereum – just buying the token and waiting for it to rise up in value. DeFi will only have broken through and created real value when more P2P
lending goes mainstream (think microfinance, small business lending, seed funding, etc).

Symbol is the most effective enterprise ready blockchain today. Designed for real world use, Symbol is the connector between business and blockchain because it is easy to work with and build from for any business seeking to create innovative DeFi products.  
In summary, Symbol is a great option to help maximise the potential of DeFi and to achieve the ambition of helping to make financial systems accessible to all quickly, efficiently and cost effectively.  
The combination of interoperability, ease of use, and hybrid private and public chain allows for secure, quicker and cheaper transactions at scale, and puts Symbol at the forefront of the next phase of DeFi development.  

Thoughts?

In June, one of the music industry’s most successful figures, Scooter Braun, joined a $30m funding round in Los Angeles-based virtual concerts startup Wave.

And last August 25, music streaming platform Napster was acquired in a $70m deal by UK-based virtual reality music company MelodyVR, which has staged VR concerts for the likes of Post Malone, John Legend and Khalid.

Today, another intriguing addition to this trend: Jay-Z’s music streaming service, TIDAL, has spent $7 million on tokens (‘SENSO Tokens’) issued by Sensorium Corporation.

Celebrities and other big name players in the music space are getting into crypto and this is a really good sign. Will this overall help wide-spread mass adoption?

Source

1. App allows device authorisation for scanning QR codes on products and geo-fencing for additional security. 

2. Each scan is then securely recorded on Symbol blockchain.

3. Sustainability metrics can then be presented in real time with tracked .data

A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. This network includes different activities, people, entities, information, and resources.

Can solutions that blockchain provide help us get more awareness, or can these be solved by a simple server database?

When do we hear news of presidents gifting cryptocurrency to a fellow-president? I hope he installs any ledger wallets and becomes a fanatic! IMO, making it easy for these businesses to use blockchain/crypto is key, some of these kiddos still have no idea about the technology too. I hope simple integrations as what NEM Symbol APIs have done with Lithuania's President can open more doors.