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Join Our Innovation and Design Thinking Course Today at Tekedia Mini-MBA

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From one of the world’s finest design companies, we will learn from a zen-master on the mechanics of innovation and design thinking. The greatest force in a market is a product (or a service) because unless you have a product or a service, the frictions of customers would not be solved. But how do you create a product or a service? You DESIGN.

Join Tekedia Mini-MBA learners at 7pm WAT today as our Faculty, Aderinola Oloruntoye, from iconic global tech powerhouse, SAP, educates. Design wins territories; come and master how to design. Zoom link in the class board 

Tekedia Institute  >> our product is knowledge

The Market Value of Tokenized Real-World Assets has hit $12 billion – Binance

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The financial landscape is witnessing a revolutionary shift with the market value of tokenized real-world assets (RWAs) soaring to an impressive $12 billion. This remarkable milestone underscores the burgeoning interest in blockchain technology’s potential to transform traditional asset management and investment practices.

Tokenization is the process of converting rights to an asset into a digital token on a blockchain. This innovative approach offers a myriad of benefits, including increased liquidity, fractional ownership, and enhanced transparency. By tokenizing assets such as real estate, art, and commodities, investors can buy and sell fractions of these assets, making previously illiquid markets more accessible and efficient.

The Role of Institutional Investors

Institutional investors have played a pivotal role in driving the growth of the RWA market. The entry of heavyweights like BlackRock, with its tokenized treasury funds surpassing $2.2 billion in market value, signals a strong vote of confidence in the future of tokenized assets. Franklin Templeton’s FBOXX, another significant player, boasts a market cap of $434 million, further cementing the sector’s credibility.

A notable segment within the RWA market is tokenized treasuries. With U.S. interest rates at a 23-year high, tokenized U.S. Treasury notes have become an attractive investment vehicle, contributing to the rapid growth of this market segment. Analysts from Binance Research highlight that the appeal of these yield-bearing instruments may fluctuate with anticipated rate cuts by the Federal Reserve.

Despite the decentralized nature of blockchain, the tokenization process can introduce a level of centralization. This is due to the involvement of traditional regulatory frameworks and the nature of the assets themselves, which may not align with the decentralized ethos of blockchain technology.

Custody and Verification Challenges

The reliance on third-party intermediaries for the custody and verification of tokenized assets presents a significant risk. While blockchain promises decentralization, the actual management of these assets often depends on traditional systems, potentially introducing vulnerabilities.

Yield Expectations and Costs

The complexity of tokenized RWA systems can lead to high expectations for yields. However, the costs associated with maintaining these platforms may not always justify the investments, potentially deterring investors seeking stable returns.

Oracle Complexity

Oracles play a critical role in bridging on-chain protocols with off-chain real-world data. Developing reliable oracle solutions for RWAs is a resource-intensive task that poses a substantial challenge in ensuring the accurate functioning of tokenized assets.

Privacy and Compliance

Balancing regulatory requirements with user privacy is a delicate act. Emerging technologies like zero-knowledge proofs offer potential solutions, but the integration of these technologies with tokenized assets remains a complex issue.

Market Liquidity and Valuation

Tokenization aims to improve market liquidity, but the reality can be different. Market illiquidity and valuation complexities can arise, especially when dealing with unique or niche assets that do not have a well-established market or pricing mechanism.

Technological Risks

The reliance on technology for the management and transfer of tokenized assets introduces risks such as hacking and fraud. Effective security measures and custody solutions are essential to mitigate these risks. The regulatory landscape for tokenized assets is still evolving. This uncertainty can lead to compliance issues and affect the stability and growth of the tokenized RWA market.

Looking ahead, the tokenization of RWAs presents a trillion-dollar opportunity, potentially reshaping the landscape of traditional finance. As regulatory frameworks evolve and technological advancements continue, we can expect to see an even greater integration of RWAs into the blockchain ecosystem. This integration promises to unlock new possibilities for investors and revolutionize the way we interact with real-world assets.

The ascent of tokenized RWAs to a $12 billion market value is more than a milestone: it’s a testament to the transformative power of blockchain technology in the financial sector. As we stand on the cusp of a new era in asset management, the continued growth and adoption of tokenized assets will likely redefine investment strategies and open up new horizons for global finance.

Wise Re-Enables Naira Payouts to Nigeria Amid CBN Remittance Policy Changes

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Wise (formerly TransferWise), the UK-headquartered fintech renowned for its low-cost international money transfers, has once again re-enabled payouts to Nigeria in the local currency, Naira.

This is coming after the fintech on several occasions suspended remittances to Nigeria. But with the Central Bank of Nigeria’s recent guidelines it has decided to re-enter the Nigerian market. Recall that in January 2024, the CBN issued a directive reversing its earlier stance on remittance inflows, which had required that funds be paid out exclusively in US dollars.

The new policy mandates that all remittances be paid in naira to recipients’ bank accounts or disbursed in cash for amounts below the $200 equivalent. This shift prompted Wise to terminate dollar remittances to Nigeria and comply with the new naira payout requirements. Wise now allows its UK customers to send Naira to Nigerian bank accounts, aligning with the CBN’s most recent guidelines for international money transfer operators (IMTOs).

Wise’s re-entry into the Nigerian remittance market is not its first. The fintech has had a long history with the Nigerian market, with operations repeatedly starting and suspended over the past decade. In 2015, Wise first launched naira payouts as part of its global expansion, enabling customers to send US dollars and other currencies to several new markets, including Nigeria.

After just over a year, Wise halted naira transfers in May 2016, due to its inability to offer a true mid-market exchange rate and transparent fees. In October 2017, the Fintech resumed services in Nigeria after a 17-month break, only to suspend operations once more in 2020.

Speaking on its suspension of services in 2020, the company said it decided to pause remittances to Nigeria after new rules in the country changed the currency of payment to the U.S. dollar from naira.

The CBN noted that the change was to reduce arbitrage whereby money transfer operators profited from unofficial channels, listing Wise as an unlicensed money transfer operator. However, Wise stated that it could no longer offer money transfers in naira.

Fast-forward to 2022, the fintech once again ceased naira transfers, citing difficulties maintaining reliable payout providers and regulatory compliance.

In an email, Wise told its users that from November 1, 2022, a dollar transfer to Nigeria would be suspended. “From 1 November, we’re stopping all USD transfers to Nigeria.” Wise wrote in the statement.

The London-based payment company added, “We are doing this because sending money to Nigeria hasn’t been as fast or reliable as we did like. We want to fix this before your next USD transfer to Nigeria. The route will be closed until we’re sure we can provide the service you deserve. We’ll let you know as soon as USD transfers to Nigeria are available again.”

Now in 2024, Wise has returned to the market, adapting to the CBN’s new remittance policies. Despite these past challenges, Wise’s re-entry into the Nigerian market signals a renewed effort to comply with local regulations and offer financial services that meet the needs of its customers. With the CBN’s new guidelines in place, Wise is poised to provide a more stable and reliable remittance service to Nigerians, helping facilitate cross-border transfers in local currency.

Major Reasons Why a Real Estate License in Texas Is Essential

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The first thing you need to do when you are joining the Texas real estate world is obtain a real estate license in Texas. This shows that you are a credible candidate for any position in this industry depending on what you have specialized in.

Here are all the reasons why you need a real estate license in Texas today.

Opening Lucrative Employment Prospects with a Real Estate License in Texas

There are a lot of opportunities for you when you obtain a real estate license in Texas. You can decide to start your business or even become an agent. Also, you can work as a property manager. All this depends on what you like most and what you will specialize in.

With a realtor license in TX, you get to have all these opportunities at your disposal. You can easily earn a good living.

Gaining In-Depth Knowledge and Expertise

The extensive education you will receive is one of the main benefits of obtaining a real estate certification in Texas. Important subjects including contracts, finance, ethics, and property law are covered in the needed courses.

Your ability to pass the real estate licensing in Texas exam and feel confident handling transactions in the real world comes from this in-depth understanding. Acquiring a real estate license in Texas will equip you to assist clients with one of the most significant financial choices they will ever make.

Increasing Believability and Trust

In the ruthless real estate sector, credibility is crucial. If you are licensed to sell real estate in Texas, clients are more likely to trust you with their transactions. The state’s educational and legal requirements have been satisfied, and this certification raises your professionalism.

Gaining a real estate license in Texas will help you expand your clientele, establish a solid reputation, and grow your company. To understand how to get your Texas real estate license, you can visit various credible websites such as RealEstateU and others.

A Real Estate License in Texas Raises Your Earning Potential

Getting a real estate license in Texas might boost your income considerably. Licensed real estate brokers usually receive greater commissions than unlicensed brokers. You can also determine your terms and costs and work at your own pace with your Texas real estate certification.

The Texas real estate market is continually shifting, but you may make as much money as you want if you take the appropriate strategy. Gaining access to these financial opportunities may require learning how to get a realtor license in Texas.

Building Networks and Advancing Your Career

Texas’s vast and diverse real estate market offers numerous networking opportunities. You can network with other licensed professionals, attend industry events, and join professional associations if you hold a Texas real estate license. These relationships may result in collaborations, recommendations, and even career-accelerating mentoring.

In addition to keeping you up to date on the newest legal developments, market trends, and best practices, a Texas real estate license also helps you remain competitive in the industry.

Conclusion

The best thing to do right now is to find a Texas real estate license course provider, take the course, and continue with the process of obtaining this license. This will save you a lot of hassles along the way on your journey to becoming a licensed real estate agent or beginning any other career in the real estate sector. Begin your process now and see how easy it is to join and navigate this world.

Expert Guide On Investing In Top Picks Of Crypto: NEXO, SUI, JASON, FLOKI And YETIO

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Key Points

  1. Leading DeFi lending platform with a solid business model and utility token benefits.
  2. Volatile token with significant past highs and potential for future gains.
  3. Meme coins have robust community and ecosystem expansion opportunities.

The cryptocurrency market is unpredictable, and opting for random investments will not help investors in the long run. This guide details current market updates of several emerging cryptocurrencies, including Nexo, Sui, Jason, Floki, and Yeti. That is why focusing on the basics and opportunities of these coins can help avoid potential risks and increase profitability. From these, Yeti is looking for a perfect investment case as it is poised to generate impressive profits.

1.  Nexo (NEXO)

Nexo (NEXO) is one of the leading firms in DeFi that provides loans and other financial services for cryptocurrencies. It is the world’s most prominent lending firm in DeFi, offering the option to deposit tokens as security to get cash or stablecoins and hold a wallet to purchase, sell, borrow, and earn interest on cryptocurrencies.

Until the first half of 2024, Nexo has been valued at about $ 1.00 and a market capitalization of $561.22 million. The token price has moved up and down like all other tokens, corresponding to the general instability of the cryptocurrencies. However, some volatility in the numbers has been observed, and yet, the company’s business model is relatively solid, together with the constantly increasing demand for its services. The utility token, NEXO, is an Ethereum-based token that offers perks such as interest rate rebates on credit lines, bonus interest rates for yields, and free crypto withdrawals.

2.  Sui (SUI)

Sui (SUI) is a layer-1 blockchain built by Mysten Labs that is suitable for today’s rapidly growing applications that need to process high-frequency and low-cost transactions. The tradeoff in capacity is also impressive and reaches up to 297,000 TPS, making the blockchain a severe contender in the industry. The Sui token is a utility token that underlies the network’s transactions for transactions, fees, staking, and providing governance on the platform.

Currently, Sui is at a price level of around $1.01 with a market capitalization of $2.37 billion. Since the day it was launched into circulation, this token has registered reliable indications regarding price movements, with higher tendencies in volatility during the first several months of circulation. Sui, which had been on the rise, touched the highest level of $2.18 soon after it was started, depicting the popularity that the offer of this software soon created.

Sui is a promising investment opportunity capable of producing impressive results. The SKU token’s market domination, advanced characteristics, and positive long-term outlook make it an attractive purchase for those interested in the blockchain industry.

3.    Jason Derulo

Jason Derulo, also known as JASON, is a new digital asset focusing on cryptocurrency and using the Solana platform. The price of Jason Derulo (JASON) is around $0.002764. This is, however, relatively higher than recorded figures, though it demonstrates some form of positive movement in the market.

Jason Derulo has a market capitalization of approximately $2.84 million. The trading volume of the selected assets was $1,011,593 within the last 24 hours, reflecting high activity and liquidation in the market. The token is currently on four exchanges and possesses five available trading pairs, allowing for more flexibility in trading.

Jason Derulo’s ATH was $0.0356, a record, and it was recorded on June 26th, 2024. Nevertheless, the current price is much lower, 92% below its all-time high. This shows that this market has no stable history, a characteristic typical of most cryptocurrencies. The token might again have a tremendous possibility of posting high gains in its price, owing to the bullish market sentiment and rush towards elevated technicals.

4.  Floki Inu (FLOKI)

Floki Inu (FLOKI) is another meme-based token that derives humor from the Tesla and SpaceX founders’ Shiba Inu dog. The token has received much attention in the crypto market because of its distinctive community and infrastructure. The current position of the Floki Inu (FLOKI) coin is to be priced at around $0.000123, experiencing 1.50% of its value in the last 24 hours. This slight decline can be attributed to the usual price variation associated with cryptocurrencies.

Floki Inu’s market cap is estimated to be around $1.24 million, and its 24-hour trading volume reached $149. 4 million. The operating supply is close to 9.59 trillion FLOKI, and the total supply is 9.69 trillion FLOKI. The number of fully diluted market currents is $1.25 billion.

The token has the potential for strong price growth, backed by an active and growing community and the constant expansion of its ecosystem.

5.  Yeti Ouro (YETIO)

YETIO utilizes the Ethereum blockchain with growth-oriented and fundamentally sustainable market value. Yeti Ouro has sold 49,030 tokens, thus raising $588.36 within a matter of hours after going live in presale. It has established early-stage awareness and engagement in the project.

More importantly, Yeti Ouro (YETIO) tokenized capital has a maximum supply limit of 1 billion tokens. Token distribution is a perfect mechanism to balance the supply and demand of tokens on the market and is favorable for everyone.

Yeti Ouro has an excellent game in development known as YetiGo. This new upcoming fast mobile intense racing game has integrated P2E features. By choosing Unreal Engine for game development, it is guaranteed to have high-quality graphics and an almost cinematic experience. The most significant near-term opportunity for Yeti Ouro can be associated with the further introduction of the YetiGo game and the completion of the initial stages of development.

Conclusion

Yeti Ouro (YETIO) can be considered as one of the most promising investment opportunities. With a stable business plan and the thrilling P2E game YetiGo, YETIO may offer returns as high as 100X and is, therefore, the best bet for profitability, especially in an unpredictable crypto market.

Join the Yeti Ouro Community:

Telegram: https://t.me/+5k5980ZVERc2YzE0