Ethereum NFT traders rebound to 2022 levels as OpenSea and game devs revamp utility

Flamingo Finance will conduct an AMA on Discord on June 24th at 13:00 UTC.

Refer to the official tweet by FLM:

FLM Info

Flamingo Finance is a fully decentralized financial platform built on the Neo ecosystem.

The key components of Flamingo are:

1. Wrapper — a cross-chain asset wrapping service. This allows users to exchange assets such as Bitcoin and Ethereum for corresponding wrapped tokens on the Neo network.

2. Swap — an automated on-chain market maker (AMM) that enables users to directly exchange assets on the platform.

3. Vault — allows users to engage in liquidity mining.

4. DAO — a decentralized autonomous organization that allows community members to participate in platform governance. The right to govern is granted by the FLM token, the native token of Flamingo Finance.

One of Flamingo Finance's main goals is to create that enables different blockchains to interact with each other. By doing so, Flamingo Finance aims to overcome barriers associated with using different networks and contribute to increased liquidity across the DeFi industry.

Hedera has announced scheduled maintenance for June 18, at 15:00 UTC, during which legacy Hedera Consensus Service (HCS) mirror node endpoints will undergo a one-hour brownout. The purpose is to phase out insecure endpoints. Developers and users are advised to switch to secure endpoints to avoid service disruptions.

Refer to the official tweet by HBAR:

HBAR Info

Hedera (HBAR) is a decentralized public network that allows individuals and businesses to create powerful decentralized applications (dApps). Its native cryptocurrency is HBAR, used to power decentralized applications, build peer-to-peer payment and micropayment business models, and protect the network from malicious actors.

Hedera stands out from other blockchain technologies due to its use of hashgraph consensus, which promises the benefits of blockchain – decentralization, distribution, and security through hashing – with enhanced speed, efficiency, and scalability. This technology enables Hedera to process thousands of transactions per second in contrast to traditional blockchains, making it an appealing option for enterprise use cases.

Truth for the Commoner (TFTC), a media company that advocates for Bitcoin and sound money principles via a newsletter and podcast, launched the “Opportunity Cost” browser extension on Wednesday, allowing users to view online prices in Bitcoin or sats to weigh purchasing decisions.

TFTC founder and contributor Marty Bent outlined three main goals of the extension, including promoting low time preference behavior — a reference to a willingness to defer present consumption to meet future needs — increasing Bitcoin adoption and providing a tool for business owners to calculate revenue denominated in BTC. Bent told Cointelegraph:

"The concept of opportunity cost has been completely corrupted in the late stage fiat era wrought with interest rate manipulation and money printing. The interest rate and pricing signals that humanity has depended on for millennia to make economic decisions are no longer reliable.

“Bitcoin reintroduces a proper hurdle rate that enables individuals to truly weigh the opportunity cost of their spending decisions,” the TFTC founder said. The software is open-source and has no revenue model. A hurdle rate is the lowest rate of return an investor will accept.

The browser extension is the latest in a series of tools, products, and services designed to spur Bitcoin adoption and normalize a Bitcoin standard where all prices and financial calculations are expressed in Bitcoin terms.

The world adopts the Bitcoin standard bit by bit

A growing list of companies and financial institutions are adopting a Bitcoin treasury strategy by converting all or a portion of their cash reserves to BTC as a long-term savings account that accrues value with time, rather than depreciating like traditional fiat cash reserves.

Companies such as Ledn, a BTC lending company, have created Bitcoin-backed loan products, giving BTC holders the option to use the asset as collateral to secure debt financing.

These loans allow individuals and businesses to finance real estate purchases, automobiles, operational expenses, capital investment, and even acquire more Bitcoin without selling any of the supply-capped asset, which might appreciate over time.

These financial services and functions are the necessary infrastructure to create a Bitcoin standard where all economic calculations, including opportunity costs, savings, and lending markets, are denominated in BTC.