Origin Protocol presents at Caracas Blockchain Week, showcases developments in blockchain

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In October, Bitcoin (BTC) reached a virtually 17-month excessive. In the meantime, Latin America seems to be positioning itself as a blockchain hub, with the business valued at over $500 billion in 2022. Notably, in Mexico, the world’s second-largest recipient of overseas remittances, there’s a surge in crypto funds.

This shift has additionally been noticed in varied economies throughout Latin and South America, the place blockchain and cryptocurrencies are seen as safe, cost-effective, and user-friendly alternate options to conventional monetary methods.

Origin Protocol presents at Caracas Blockchain Week, showcases advancements in blockchain - 1

Caracas Blockchain Week, held from Oct. 24 to twenty-eight, served as a gathering for business professionals, together with pioneers, thought leaders, startup founders, traders, companions, and tasks. The occasion featured workshops, a hackathon, and an interactive convention highlighting tasks and platforms in blockchain. These discussions showcased the potential of each rising and established blockchain initiatives.

Matters coated included methods for constructing the way forward for blockchain throughout bear markets and the evolving panorama of world crypto rules. There was additionally an emphasis on web3 adoption, offering a platform for a various viewers, together with new customers, seasoned builders, business decision-makers, and challenge leaders, to debate growing a blockchain-based web3 future.

Origin Protocol presents at Caracas Blockchain Week, showcases advancements in blockchain - 2

Origin Protocol at Caracas Blockchain Week

Origin Protocol participated within the occasion as a fully-fledged platform service. Based in 2017, Origin focuses on growing merchandise for the crypto business’s rising areas, together with non-fungible tokens (NFTs) and decentralized finance (defi). Notable achievements embrace facilitating NFT gross sales, video tokenization, and collectible drops that includes figures like Paris Hilton.

Origin has an skilled group, a world group, a platform-native governance token, and varied funding, staking, and digital asset merchandise. Its merchandise, OETH and OUSD, are yield-bearing tokens that supply passive yield with out staking lockups.

Moises Sosa, the senior group supervisor at Origin, engaged with business leaders to supply details about Origin’s choices. Sosa defined how the platform simplifies entry for the broader viewers to learn from easy but efficient integrations in web3.

He mentioned:

“It’s all the time a pleasure to be surrounded by different fanatics from the web3 world, beginning conversations, studying, and giving and receiving constructive suggestions. At this 12 months’s convention, we touched on the historical past of crypto, the way it began, and the way Bitcoin, Ethereum, and different blockchains have contributed to the enlargement of the blockchain house. Due to the super-interactive workshops, dialogue panels, and brainstorming classes, we’ve had a good time collaborating with skilled founders, group leaders, entrepreneurs, merchants, and extra. We stay up for working collectively towards a vibrant web3 future.”

Understanding Origin Protocol

With six years of improvement, Origin Protocol is deeply built-in into Ethereum’s ecosystem. Origin invented the yield-bearing stablecoin in 2019, attracting a whole bunch of thousands and thousands of {dollars} of funding over the next years.

In 2023, Origin used Origin Greenback’s codebase to launch a brand new yield-bearing token, Origin Ether (OETH). Equally to OUSD, OETH earns passive yield for holders whereas holding their funds all the time liquid. As an ether-pegged token, OETH tracks the value of Ethereum whereas making yield via liquid staking tokens and established DeFi methods.

By optimizing yield between stETH, rETH, frxETH, and defi methods, OETH has delivered greater APYs than liquid staking since its inception. Origin Ether has gained over $80 million in TVL in six months.

Origin’s NFT arm, Origin Story, has branched into real-world property (RWAs) to unlock new utilities for NFTs. An instance is Origin Story’s partnership with Roofstock onChain – Origin Story powers their NFT market for actual property brokerage. By tokenizing properties, Origin Story and Roofstock have lower out redundant intermediaries, serving to save residence patrons and sellers money and time throughout the sale course of.

Trying to the long run

Whereas the crypto house continues to be reeling considerably from the results of the 2022 bear market, Origin Protocol and occasions reminiscent of Caracas Blockchain Week exhibit the benefits and quantifiable utility of web3 and blockchain-based choices.

Disclosure: This content material is offered by a 3rd celebration. crypto.information doesn’t endorse any product talked about on this web page. Customers should do their very own analysis earlier than taking any actions associated to the corporate.

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