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GeFi’s SEPTEMBER Recap

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We are now entering Q4 of 2021. It has been a challenging and memorable journey for GeFi through Q3 of 2021, and they are happy that the number GeFions are growing superbly!

During September 2021 alone, GeFi is thrilled to have the trust and support from all GeFions that help them achieve goals after goals. So here’s the recap of what GeFi has accomplished in September 2021!

They have participated in a total of 5 AMA (Ask-Me-Anything) sessions with Crypto O. Seven, Heaven of Crypto, Decentralized Club, Crypto Fury, and The Grey Crypto Hub. GeFi’s Marketing teams led by Josh and Alton have been working round the clock to spread knowledge related to GeFi to various crypto communities through these sessions. It brings joy to them because they have been receiving tremendous support and positive feedback from all the communities in which GeFi is present! It is essential for us to have more communities that understand GeFi as a 100% community-driven project.

As a movement to reward KOLs in their community, GeFi has organized a KOL campaign to reward KOLs supports in GeFi. Participants have to record a video to showcase GeFi’s highlights and features in their preferred language. All winners are already rewarded with 1 GEG token each.

Onwards to vaults, GeFi protocol has introduced two new pools: AXS-BNB LP and MBOX-BNB LP. Furthermore, to add another good news, GeFi has also introduced a SINGLE ASSET pool at the same time. This allows GEG Hodlers to stake their harvested GEG in the single asset pool to earn MBOX and BNB. Through these updates, GeFions can further optimize their earnings through GeFi finance vault.

For early GeFi supporters, GeFi has introduced and launched an Affiliate Program that rewards community leaders and GeFions that have introduced their peers to GeFi. They have successfully distributed two rounds of affiliate program rewards to eligible GeFions. In addition, GeFi appreciates fellow GeFions that always help them share GeFi projects voluntarily.

To increase their vault security, GeFi has done a Binance Smart Chain (BSC) security integration on Gnosis Safe MultiSig to ensure the funds of GeFions are safer as old pools are now incompatible with the new proxy implementation.

As the marketing team is spreading GeFi knowledge through various AMAs, their non-English communities are also growing. To accommodate GeFions from different countries that use different languages, GeFi has expanded the market to multiple communities with other languages such as Arabic, Japanese, Spanish, and many more. Click on the link below to join the other communities!

Arabic — https://t.me/GeFiCommunityAra

Spanish — https://t.me/GeFi_Spain

Japanese — https://t.me/GeFiJapan

Greek — https://t.me/GeFi_Greece

Indonesian — https://t.me/GeFi_Indon

Chinese — https://t.me/GeFi_Chinese

French — https://t.me/GeFi_France

Effort in September can be seen in the growing number of members in the official community. GeFi has reached a total of 10k real and enthusiastic members in both the Telegram Community and Twitter! “Thanks for noticing and supporting us!” This is the beginning of your journey as the GeFi project has planned and will execute more development in the coming weeks!

Saving the BEST for the last, GeFi is now officially audited and verified by KnownSec on 30 September 2021. With this solid audit report, we believe that this will surely increase the market confidence in GeFi, and this will be another stepping stone that will propel GeFi to a greater height to reach more people!

GeFi’s KnownSec Audit: https://attest.im/attestation/searchResult?qurey=d92c064aa911435ba5d1dd02e14c2b79

So, what should GeFions expect in OCTOBER 2021?

Stay tuned for the launching of the preview site of StoneAge NFT Marketplace that will be launched on 8 October 2021 UTC1200. Also, GES ISO (Initial Stone Offering) will be launched the following week on 15 October 2021 UTC 1200.

The official launch of Stone Age NFT Marketplace is on 22 October 2021 UTC1200.

The real and last exciting part!

GeFi will be listed on BSC Scan, CoinMarketCap, and Coin Gecko soon!

If you are still Hodling GEG, SEE YOU AT THE MOON! GEG Ready To GES! Behold Stone Age!

Find out more about GeFi : https://linktr.ee/gefi

Find out more about StoneAge : https://linktr.ee/stoneagenft

NFT

Could this trademark application indicate that PayPal is developing an NFT market? 

A trademark application for blockchain and cryptocurrency technology has been submitted by PayPal. Some claim that the file has something to do with Web3 and the metaverse, although it may be tied to an NFT marketplace.

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A recent trademark application by PayPal has been found, and it suggests the development of a service pertaining to several facets of blockchain technology. The file, which was made on October 18, makes a notable allusion to the potential introduction of a non-fungible token (NFT) market.

For its logo, PayPal submitted two trademark applications. The first one concerns “downloadable software” for cryptocurrency trading and storage. The second discusses cryptocurrency-related payment processing services.

Although users may currently buy cryptocurrencies on PayPal’s platform, this filing suggests that there may be more to come. The concept of assets is substantially broader in the filing’s terminology. Mike Kondoudis, a trademark lawyer licensed by the USPTO, claimed on Twitter that this filing relates to NFTs and the metaverse.

Although there is no proof to support this, it would not be shocking if it were true. The finance business would be adding its name to a lengthy list of businesses that are starting to make inroads into the Web3 and metaverse spaces.

PayPal is investing more in cryptocurrency.
Over the past two years, PayPal has intensified its focus on cryptocurrencies. First, the company made a huge announcement for the industry by saying that consumers would be able to purchase cryptocurrency on its platform.

However, it didn’t start enabling users to move those funds into wallets outside of the network until recently. It indicated that it would roll out additional crypto-related features in the latter part of last year. One of those additions might be an NFT marketplace.

It teamed up with Coinbase’s TRUST network more recently. This was viewed by many as an endorsement of the sector. The TRUST network upholds consumer security and privacy while adhering to the banking industry’s Travel Rule.

Increased Criticism of Payment Giant
Additionally, PayPal has been in the spotlight for all the incorrect reasons. The business has recently come under fire for a contentious policy that penalized users for disseminating false information. Later, it claimed that false information was released with the amended policy. Crypto aficionados, however, were eager to point to this as evidence of the value of decentralization.

PayPal established a blockchain and cryptocurrency advisory committee earlier this year. According to the company’s management, working with governments is essential to overcoming obstacles and seizing possibilities.

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NFT

Seba Bank, a cryptocurrency company, aims to store valuable NFTs

Seba Bank, a cryptocurrency company, has launched its first NFT service, a blue-chip NFT-specific institutional-grade, certified, and independently audited hot and cold storage custody product.

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The launch comes in response to requests from customers to keep their NFTs with the bank alongside other crypto assets, such as the already-approved Bored Ape Yacht Club, Cryptopunk, and Clone X NFTs. The bank stated that new collections would be added based on customer demand.

With its newest offering, Seba Bank seeks to entice investors who view NFTs as an asset class and crypto natives. Not your keys, not your bitcoin is a well-known phrase in the crypto sphere, and adherents of this maxim could object to having their Apes or Punks stored with a third-party custodian.

Urs Bernegger, co-head of markets and investment solutions at Seba Bank, however, highlights a growing group of NFT holders who are more at ease handing up their NFTs and private keys to a company.

They don’t want the key because they aren’t even aware of how to handle and store it. He claimed that they’re more concerned with damaging the key than giving it to a bank.

It’s a significant issue. Between 2.3 million and 3.7 million bitcoins, according to Chainalysis, are trapped in inaccessible wallets. Numerous accounts of people have lost millions owing to losing private keys, including Russian officials, students, and engineers. Families have also been prevented from accessing substantial quantities of money following sudden deaths in which wallet owners had not disclosed their private keys.

Bernegger asserts institutional custody can be advantageous for native crypto users as well. There has been an increase in businesses providing services that employ NFTs as collateral for conventional banking services like loans.

Seba Bank is thinking about implementing these features in the future. Based in the crypto-friendly Swiss town of Zug, the four-year-old bank already backs several investing, credit, lending, and staking options for cryptocurrencies and might extend them to NFTs.

“Instead of traveling to the market, for instance, we could create a club for collectors and assist them in finding other collectors. There are a few things we have in mind, but we laid the groundwork by storing NFTs securely at first, “explained he.

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Projects

The NFT album maker for Kings of Leon now includes a metaverse music venue

YellowHeart, a Web3 ticketing startup, is opening a metaverse music venue in an effort to transform how performers, teams, and event organizers distribute tickets and interact with fans.

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The facility, constructed on Spatial, will feature Grammy-nominated blues musician G.Love as its opening act later this year. Fans can communicate with one another, participate in meet-and-greets before and after performances, and use several screens to view what is happening in various areas of the stadium simultaneously.

They will soon be able to order meals and drinks before the event, which will also be available as digital things.

The idea of an online concert has so far primarily been popularized by big gaming companies. The most well-liked virtual competitions have occurred on sites like Fortnite and Roblox. Ariana Grande’s Fortnite concert in August 2021 received 78 million viewers. Next month, Decentraland will host its second Metaverse Music Festival. Over 100 musicians are on the lineup, including well-known performers like Ozzy Osbourne and Soulja Boy.

In addition to throwing an event, YellowHeart, which assisted Kings of Leon in releasing an NFT version of their most recent album, stated that it hoped to accomplish more. It was established in 2017 with the lofty goal of revolutionizing the music ticketing sector as a whole, which has historically been dominated by powerful reselling organizations and exclusive ticketing relationships. These alliances frequently impose limitations on what purchasers can and cannot do with their tickets. Trying to resell a ticket for a concert you can’t go to might be a headache.

YellowHeart believes these issues can be resolved by returning control to artists and fans via web3 technology. Additionally, it may provide advantages that cannot be programmed into conventional tickets.

“These range from complete albums to personalized vinyl records, exclusive merchandise, and immersive visual art. Web3 tickets also allow performers to update fans on new tour dates, music releases, giveaway possibilities, and much more, according to the business.

It has already collaborated with well-known figures, including Julian Lennon, Maroon 5, and MGM Resorts. Contrary to the non-NFT versions offered on Spotify, iTunes, and other platforms, those obtained through YellowHeart entailed particular customer benefits.

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