The World Blockchain Summit: Achievements and Opportunities
There are no better words to describe the 2021 world blockchain summit than illuminating, compelling, and packed with a plethora of captivating opportunities. In case you’re wondering, World Blockchain Summit is essentially a two-day innovation-packed yearly event, established to showcase some of the most innovative and promising blockchain projects globally. And as this project falls into that class, it’s only right that we headline such an event. The Dubai occasion saw the presence of multiple notable individuals, including venture capitalists, exhibitors, stakeholders, blockchain business moguls, and more. In a nutshell, it is a never-been-seen-before type of experience. Of course, it was quite memorable and exceptional for the Überstate community especially, as we were privileged to headline the 2021 version of the event. With this, we were able to amplify the potentials Überstate embodies, and as well, let the world be aware of the opportunities embedded in the innovation and the ultimate aim of revolutionizing banking with cryptocurrency. The keynote speech actively emphasized this point, and as a result, Überstate’s blockchain solution is gradually becoming a household name, open to an entirely new world of integrations and opportunities.
As a result of this event, Überstate could boast multiple achievements and opportunities. From the visit to Dubai, we could recognize and of course, it gets clearer daily that Dubai is fast becoming a global hotspot in the blockchain ecosystem. Hence, it is only logical that we leverage this space. So, opening an Überstate office was the ultimate resolve. Not only does this extend the reach of the solution, but also opens the project to exploring yet another world of opportunities.
In addition to this, we were able to exhibit the functionalities and capabilities of the Überstate app in terms of the transfer and purchase of digital assets. Following this, Investors, exhibitors, as well as venture capitalists were overtly pleased with the flexibility, scalability, and intuitiveness of the solution. Besides, the ultimate goal and approach of the team to bridging the gap between 24/7 use and cryptocurrency was well received and deemed as unique and innovative.
Besides the aforementioned achievements, the enthralling Überstate vision coupled with its peerless delivery by Jess Davis, the CEO, exposed the solution to multiple invitations and proposals. With this, we were able to meet several notable and renowned people, each offering distinct opportunities to bring innovation into an entirely different realm. These invitations included the Royal Office of Dubai, offering us a window to break out in the Dubai Dubai Decentralized ecosystem. We were also able to reach out to government agencies, enterprises, networks of investors, influencers as well as top pioneers. In a nutshell, for Überstate, the summit was a remarkable success, and we were able to share our unique idea with global crypto enthusiasts.
These opportunities and potential partnerships will undoubtedly be instrumental to the amplification, flexibility as well as level of functionality projected for Überstate, both in the short and long term.
Überstate Partnerships
Integrations and partnerships are at the core of most innovations that have recorded immense success in the previous years. We recognize this fact, and as such, Überstate is constantly on a path to partnering and growing the list of integrations for the innovation. Since inception, we’ve partnered with multiple notable firms and projects and we hope to keep doing so in the best interest of the community. Some of the most recent partnerships include Blockfills, Phantom, Note LP, Unbanked, and Ciphertrace.
Blockfills is a Chicago-based project founded in 2018. As of today, its digital asset technology serves over 600 institutions in over 50 nations globally. In a nutshell, Blockfills touts itself as a disruptive fintech firm that seeks to provide end-to-end solutions for everyone involved in the cryptocurrency market globally. Over the years, the project has found massive success in developing and deploying a state-of-the-art multi-asset tech platform, preferring solution to the aging concern of liquidity fragmentation governing the marketplace with cold heart sympathy. In essence, Blockfills offer price aggregation, electronic order matching, price discovery, trade reconciliation, smart order routing, as well as other solutions applicable to institutions taking part in the digital, spot, and derivative marketplace. Besides this, the firm offers SaaS solutions that somewhat align with our philosophy of simplifying trades and bringing cryptocurrency into the lives of the average Joe. Recognizing these potentials, no one can deny that they would be instrumental to our venture. And that was the primary driver for this partnership.
Phantom is yet another exciting partnership. Essentially, Phantom is a digital wallet revolutionized and modified for decentralized finance, hence facilitating safety and accessibility in sending, receiving, storing, swapping, and collecting tokens via Solana blockchain. This offers us the scalability, interoperability, and flexibility we’ve been looking forward to attaining. To put it simply Phantom is a noncustodial wallet offering an accessible,
safe, easy, and secure approach to interacting with diverse blockchain networks in the Solana network. The wallet is accompanied by an easily accessible extension that lets you receive, send, and carry out truckloads of activities using tokens, cryptocurrencies, and NFTs within the wallet. Using this web 3.0 innovation, you get to have complete control over your funds with unmatched compatibility with most browsers available today. Phantom is your best bet if you are looking for a MetaMask equivalent on Solana. Its entire framework centers around managing private keys for projects across blockchains. So, we are not only facilitating more scalability and interoperability on Überstate with this partnership but also reinforcing the security on the platform alike.
Unbanked is one of the revolutionary projects at the core of the fourth industrial revolution the global economy is witnessing today. Unbanked is disrupting institutions, systems, supply chains, and even most industries out there today. And as a top player in this revolution, unbanked seeks to serve as a bridge between traditional enterprises, financial technology, as well as conventional banking frameworks with cutting-edge blockchain innovations. Summarily, it is extending cryptocurrency utility from investing to everyday purchases, just as Überstate’s ultimate aim states. The project is still at the early stages of this revolution as we believe this partnership will serve as a catalyst to what would become the future of global finances, and ultimately advance human freedom and financial management. Freedom and financial control are believed to be a human fundamental rights that can only be attained by blockchain. Thus, the globally accessible account Unbanked makes available, makes spending, transfers, purchases easier than ever. Extending access to over 200 countries and territories globally, partnering with Unbanked is the most prudent decision to bring Überstate to an even wider reach.
CipherTrace touts itself as the world’s first blockchain forensic team. But not only is it the world’s first, but it is also arguably the world’s best! Simply put, CipherTrace is a firm offering crypto AML compliance solutions for many of the prominent banks, exchanges, and other institutions out there globally. And this is largely a result of its unmatched delivery when it comes to in-class data attribution, proprietary clustering algorithm, data analytics, with coverage extending across over 2000 crypto entities. As a financial project, we understand the need for mechanisms to shield us from money laundering risks, shady money service businesses, as well as risks associated with virtual currency payments. And of course, there is no better firm to get all these from than CipherTrace.
Good News! A few months ago, RIT20 was hacked on Bitmart exchange with no visible indication as to what this unfortunate incident occurred. However, fortunately, this issue was resolved and sorted with the help of the BitMart exchange itself. And following this, we’ve been striving and putting in immense effort to re-attaining the $1 = 1RIT20 valuation. In addition, we are pressing every button, discussing, and looking forward to bringing RIT20 into additional reputable exchanges, all to ensure that the RIT20 token gets the valuation, accessibility, and flexibility we envisioned for it. Thus, RIT pricing shouldn’t be a significant concern.
Lastly, we are still striving to expand our list of investors and bring in more people to become a part of the future we’ve projected for Überstate. We met with multiple private investors in Montreal in this regard, so we can look forward to breaking into that market soonest.
Future Plans
Comparing what we’ve achieved today with the future we envisioned for Überstate, we know we’ve barely scratched the surface, and as such we are constantly on the move to exploring as many as possible compelling features and opportunities. One of such compelling feature on the future lineup is series A funding. Thus is targeted to help projects in the journey of growth and success of products and services alike. Again we are looking forward to getting lists in BSC, BNB, among others. In a nutshell, the next year, 2022 is lined up with multiple profitable plans, starting January. This holiday season will be used as a period to set the foundation for what is coming next year. As a leader in the crypto fintech ecosystem, our members should always expect a world of endless opportunities, connecting you to profit-driven marketplaces and maximizing your ROI.
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