Cryptex Finance Launches NFT Index Token JPEGz

Cryptex Finance, an open-source financial solutions-driven firm for the global Crypto community, announced its new NFT index token JPEGz, powered by Chainlink NFT Floor Pricing Feeds from Chainlink Labs and Coinbase Cloud.

Ever since last year, when the NFT market gained traction within the industry, the rise of NFTs has been seen to have increased, with the NFT market hitting over 1,000,000 sales despite how volatile non-fungible tokens are. 

Even some of the most significant Web2 companies, like Adidas, eBay, Samsung, and so on, joined the moving train of the rapidly growing NFT market, making the NFT Market Cap reach an all-time high of over $2B – according to CoinMarketCap. With this large amount of funds flowing into the NFT market, the NFT market called for creating an NFT index.

Speaking with a keynote at SmartCon 2022 in New York City, “Today marks a groundbreaking point for Cryptex and our newfound ability to fully tokenize this unique asset class for crypto users worldwide,” said Joe Sticco, CEO and Co-Founder of Cryptex Finance.

The NFT JPEGz is an index token that will give users broad real-time exposure to the NFT market. An index token is a cryptographic token that tracks the price performance of a particular market index.

Before this announcement of Cryptex to launch an NFT index, in September, Coinbase announced its collaboration with Chainlink Labs to launch NFT floor pricing feeds earlier last week in September.

Launching the NFT floor pricing feeds enables the latest NFT pricing data to be easily accessible to developers, allowing them to deploy unique smart contracts across DeFi use cases and more with high-quality pricing data and an optimal liquidity profile.

Cryptex Finance’s index token JPEGz is said to reference Chainlink NFT Floor Pricing Feeds to help ensure the JPEGz token reflects globally accurate floor prices for popular NFT projects.

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Blockchain Can Improve Climate Crisis through Smart Contracts, Study Shows

As climate change is considered a desperate issue in modern times. Blockchain technology is expected to act as a stepping stone towards addressing economic complexities and interoperability when transiting to renewable energy, according to a report by Chainlink Labs and Tecnalia.

As a leading provider of open-source blockchain oracle solutions, William Herkelrath believes Chainlink Labs will help create a data-driven backend infrastructure required to tackle the climate crisis. 

The managing director at Chainlink Labs added:

“By using Chainlink to bridge some of the highest-quality climate data in the world onto blockchains for energy and climate initiatives, we can give the clean energy sector the tools it needs to expand its impact.”

Smart contracts play a significant catalyst in adopting blockchain technology because they automatically document, control, or execute legally relevant actions or events per the agreement. 

Therefore, they can offer developers the tools to create the next generation of clean energy solutions by tapping high-quality energy and climate data on-chain.

The report highlighted various use cases in which smart contracts could aid in the clean energy journey. They included using parametric energy conversion contracts, issuing carbon credits or consumer rewards, and tokenising energy commodities and project cash flows. 

Blockchain is expected to fill the void with the energy industry facing new difficulties like balancing an increasingly distributed energy grid.

Luis Elejalde, the energy, climate, and urban transition manager at Tecnalia, pointed out:

“During this period of major infrastructure and market transformation, utilities, service providers, and governments can use blockchain technology to digitize and assign value to clean energy investments and design fully automated incentive systems for participating in sustainable practices.”

Different players are joining hands to tackle the climate crisis using blockchain-powered solutions.

For instance, Lemonade, a top American insurance company, formed the Lemonade Crypto Climate Coalition meant to offer blockchain-enabled climate insurance to the most vulnerable farmers globally last month. 

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Chainlink Labs Appoints Diem CTO Dahlia Malkhi as CRO

Chainlink Labs, a US-based operator of an online contract management platform, announced Tuesday the appointment of Dr. Dahlia Malkhi, former Diem Association Chief Technology Officer, as its Chief Research Officer. - 2022-03-30T182055.676.jpg

In her new role, Malkh will manage Chainlink’s data science and advanced analytics departments and help support the growth of the data oracle network.

Dr. Malkhi joins Chainlink Labs from the Diem Association, where she was the Chief Technology Officer, lead maintainer and lead researcher at Novi. Before working at Diem, Dr. Malkhi co-founded VMware Research where she served as a principal researcher and spent more than ten years at Microsoft Research. Besides that, Dr. Malkhi served as a tenured associate professor of computer science at the Hebrew University of Jerusalem. She has authored over 100 publications with contributions to wide aspects of the security and reliability of distributed systems.

Sergey Nazarov, CEO of Chainlink Labs, commented about Malkhi’s appointment and said: “As Chainlink Labs continues to build the secure infrastructure necessary to increase Web3 adoption and create a world powered by cryptographic truth, we are breaking new ground in the areas of cryptography and mathematics and need the best and brightest minds to join us in solving some of the world’s hardest problems. Dahlia is one of the foremost experts on decentralized systems consensus, a critical factor in ensuring security, scalability, and performance across the blockchain ecosystem, making her an ideal addition to the Chainlink Labs research team.”

Leveraging Blockchain for Businesses and Enterprise Apps

The latest hiring is part of Chainlink’s recent appointments to ensure its business growth. Late last year, Chainlink hired Mike Derezin, former Vice President at LinkedIn, as its Chief Operating Officer. Also, in December last year, Eric Schmidt, the former Google CEO, joined Chainlink Labs as a Strategic Advisor, to help Chainlink Labs — the developer behind blockchain oracle solution provider Chainlink — to achieve its multi-chain interoperability goals.

In May last year, Chainlink joined the Hedera governing council, a group of diverse organizations responsible for stewarding the Hedera network (a decentralized public network where anyone can build applications). Most of the existing council members are large firms such as Avery Dennison, Boeing, Dentons, Deutsche Telekom, DLA Piper, EDF, eftpos, FIS, Google, IBM, LG, Magalu, Nomura, Shinhan Bank, Standard Bank, Swirlds, Tata Communications, UCL, WIPRO and Zain. 

Joining the Hedera Governing Council made Chainlink the default oracle provider for enterprise applications. In a centralized world, software programs typically use external feeds for data like stock prices or exchange rates. In the decentralized world, blockchains use oracles, which are similar to feeds. Chainlink provides decentralized oracles and connects smart contracts to a wide range of off-chain data sources and computations, such as asset prices, IoT devices, web APIs, payment systems, and many more. 

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