Creditcoin integrates Flow to expand the OpenFi Ecosystem

The Creditcoin Foundation is committed to building a better future for finance, based on the principles of openness, transparency and accessibility for all — the cornerstones of the Creditcoin Ecosystem.

As part of that vision, they see the emergence of NFTs as a crucial asset class here to stay, with hundreds of possible and as-of-yet unexplored use cases. Several financial products are already evolving around the usage of NFTs as a core technology — for instance, NFT-collateralized credit systems or NFT investment DAOs. As more assets such as property rights etc. become tokenized in the digital economy of the future, the importance of NFTs will only grow as the industry continues to mature.

That’s why Creditcoin is now leveraging Flow to help realize its shared vision for a more inclusive global economy.

By building on Flow, the Creditcoin ecosystem will be connected to Flow’s vibrant and ever-growing NFT ecosystem. By tapping into this market, Creditcoin will provide a foundation to build on moving forwards, enabling credit-based NFT transactions and tying NFTs to the OpenFi ecosystem. Flow is an industry leader in energy efficiency as a proof-of-stake blockchain, and its multi-node architecture allows for easy scalability, wide accessibility, and uncompromising security. By integrating with Flow, which places a great emphasis on sustainability, they are bringing Creditcoin and OpenFi one step closer to being a fundamental cornerstone of tomorrow’s fairer global economy.

About Flow

Flow is the blockchain designed to be the foundation of Web3 and the open metaverse, supporting consumer-scale decentralized applications, NFTs, DeFi, DAOs, and more. Powered by Cadence, an original programming language built specifically for digital assets, Flow empowers developers to innovate and push the limits that will bring the next billion to Web3. Created by a team that has consistently delivered industry-leading consumer-scale Web3 experiences including CryptoKitties, Dapper, and NBA Top Shot, Flow is an open, decentralized platform with a thriving ecosystem of creators from top brands, development studios, venture-backed startups, crypto leaders, and more. For more information, visit: www.flow.com.

About Creditcoin

Creditcoin is a foundational L1 blockchain designed to match and record credit transactions, creating a public ledger of credit history and loan performance and paving the way for a new generation of interoperable cross-chain credit markets.

By working with technology partners, fintech lenders such as Aella, and other financial institutions across global emerging markets, Creditcoin is securing capital financing, building credit history and facilitating trust for millions of underserved financial customers and businesses based on the principles of Open Finance.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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