Since the market boom for decentralized finance (DeFi) and non-fungible tokens (NFT) in 2021, a number of conferences and summits have been designed to further develop the industry and promote mainstream adoption. . One of these summits is the Stanford DeFi & NFT Summit 2021. The event was hosted by Financing of pledges, a blockchain-based decentralized lending protocol headquartered in Palo Alto, California, United States.
Stanford DeFi and NFT Summit Details
The 2021 DeFi & NFT Summit was hosted by Pledge Finance on September 24 at the Stanford Faculty Club. It was hosted by Stanford University and co-sponsored by Pledge and streamed live on Zoom. Many notable figures from the blockchain and crypto space attended the summit. For example, Brian Brooks, former CEO of Binance US, former legal director of Coinbase, former director of FDIC controller, Dr David Tse, senior contributor to Prism Protocol and founder of the Tse lab at Stanford University, Nicole Chang , the former senior vice-president of West East Bank and also the former business development of LVMH.
Keynote speakers focused on the advent of decentralized finance, Ethereum 2.0, the history of NFT, and growing regulation in the crypto space. During the summit, Brian Brooks mentioned the importance of DeFi when he said: “Imagine a global financial revolution, with Pledge as the engine, building a world based on a decentralized Charles Schwab. “
During the summit, several topics were raised and discussed, including the issues DeFi is trying to solve, risk management in the industry, the different ways to generate returns, the type of losses, the need for regulation, the persistent blockchain problems, building the next generation. blockchain reorganization attacks on blockchain networks. Other issues discussed included reviewing the proof of work issue, exploring NFTs, and the history of famous NFT projects like CryptoPunks, Beeple, Bored Ape Yacht Club, and many more. You can also listen to the recording of the summit.
About pledge financing
Pledge Finance is a fully self-contained blockchain-based crypto lending platform built on the Binance Smart Chain (BSC). According to the white paper, Pledge will serve as a liquidity protocol for everyone in the crypto space. Unlike most crypto lending protocols already available, Pledge Finance will not focus on crypto traders borrowing real-time digital assets for day trading. Pledge aims to provide the longer term funding solution, primarily helping crypto asset holders to diversify their holdings with non-crypto assets. According to researchers, this has yet to be resolved in the crypto lending space. The interesting thing about the Pledge Finance protocol is that it also protects users from the pain of interest rate volatility.
Pledge Finance was founded by a group of blockchain enthusiasts and researchers at Stanford University. The founding members are Tony Y. Chan, Professor David Tse, Nicole Chang, Ray Wong and Torsten Wendl. Not to mention also Professor Gary LaBlanc, one of the notable professors of blockchain innovation at UC Berkeley, who contributed to the Pledge Protocol. According to Michael Ren, the CTO of Pledge Finance, with a PhD. in artificial intelligence (AI), Pledge will undoubtedly be more scalable than Blockfi. He also mentioned that the team would continue to explore all opportunities to bridge the gap between decentralized and centralized financial ecosystems. One of the ways the Pledge Foundation plans to do this is by listing on traditional exchanges such as the Hong Kong Stock Exchange (HKSE); or listing on the New York Stock Exchange (Nasdaq) via SPEC.
The Pledge model is to continue to innovate outside the decentralized finance (DeFi) landscape. Their goal to tap into the traditional microfinance market is ambitious and exciting to say the least. The team is already in conversation with institutions holding licenses and microfinance solutions.
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