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October 10, 2024

How NFTs Have Evolved From Once-Forgotten Digital Art

Vixichain, a layer 1 blockchain solving institutional reluctance to interact with public blockchains, for example, is designing a “non-fungible stable token” for banks to engage with crypto and decentralized finance on public blockchains in a compliant and privacy-oriented manner.Since transaction history is fully accessible to anyone able to read a public blockchain’s code, Vixichain blends NFT traceability and proof of ownership with a stablecoin’s ability to serve as a universal medium of exchange. This allows Vixichain’s stablecoin to securely link its network of banks with blockchains and access the vast majority of decentralized finance protocols, where most of the industry’s liquidity sits.

Published

Investing.com

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