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[Official Press Release] Solv Foundation Unveils Project DESFT: A Blockchain-Based Digital Credential Solution for Financial Inclusion (Singapore, November 15, 2023) At the 2023 Singapore FinTech Festival inaugurated today, Solv Foundation announced Project DESFT, a blockchain-featured trusted digital credential platform developed in collaboration with the innovative concepts from the Monetary Authority of Singapore (MAS) and the Bank of Ghana (BOG). The team has also showcased a proof-of-concept product for this project to the public. Project DESFT aligns with the open strategies of the Monetary Authority of Singapore and the Bank of Ghana in the field of inclusive FinTech. The project aims to promote trusted digital credentials tokenization on blockchain for micro, small, and medium enterprises (MSMEs) in developing countries. This approach is designed to support MSMEs in participating in international trade while gaining access to efficient, accurate, and affordable financial services. Credentials, encompassing licenses, badges, tickets, certificates, bills, and other contractual documents, are carriers of trust in both daily life and business. It is well known that international trade involves professional processes driven by the handling of various types of credentials. However, MSMEs in developing nations usually encounter substantial difficulties in provisioning these credentials. For instance, an MSME in Ghana may find it excessively challenging to prove its basic information's authenticity to an overseas party, not to mention the licenses, qualifications, transaction history, and financial credentials. Due to this, many MSMEs are simply excluded from cross-border trade and supply chain finance. Project DESFT is building an end-to-end open and interoperable digital credential system that augments existing centralized platforms. It orchestrates different roles to collaborate around digital credentials in the context of international trade and inclusive finance: MSMEs claim, proof, store, and present the credentials; authorized parties issue or attest to them; service providers verify the credentials to determine the services to provide, and regulators watch, suspend, revoke, or reactivate them. In general, by leveraging the strengths of blockchain, cryptography, and digital identity technologies, Project DESFT aspires to create a scalable network for trust in business. Key features of Project DESFT include: - A One-Stop Blockchain Credential Utility: A holistic digital utility that facilitates the claim, attestation, verification, presentation, transfer, and regulation of trusted digital credentials. - Decentralization: The attestation, and verification of digital credentials are fully based on cryptography. This approach negates the need for the conventional trusted third-party model and centralized platforms, placing users in complete control of their data ownership. This addresses prevalent concerns regarding supremacy of centralized platforms. - Paired Credential-Token Structure: Each digital credential is jointly expressed by a pair of cryptographically linked credential documents and on-chain token. This structure ensures the protection of private data while maintaining transparency, transferability, and regulability. - Versatility: Project DESFT’s system can represent a vast array of credentials, ranging from corporate and personal IDs, badges, licenses, tickets, bills, invoices, and permits to more complex instruments like L/Cs, B/Ls, promissory notes, and various contractual agreements and documents. - Alignment with UTC Standards: The project aligns with the Universal Trusted Credential (UTC) standards promoted by the United Nations Development Programme (UNDP), MAS, and other organizations. This alignment assists MSMEs in developing regions, streamlining credit verification in global trade and providing a gateway to inclusive finance services. - Built-in RegTech Support: The project equips regulatory technology that enables regulators to modify credential statuses, revoke, suspend, or issue warnings regarding the validity of certificates. - Integration with Digital Assets: Ensuring compatibility with prevalent digital asset standards, such as ERC-20, ERC-721, and ERC-1155, Project DESFT integrates seamlessly into payment programming and digital asset management ecosystems. Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, said, "MAS has been collaborating with the Bank of Ghana to explore the creation and use cases for a Digital Economy Semi-Fungible Token (DESFT). We are supportive of projects which delve into DESFT. It is encouraging to see companies like Solv Foundation participate in this interesting development towards a functional solution.Furthermore, given its incorporation of the UNDP Universal Trusted Credentials, it has the potential to transform how MSMEs tokenize their value and open up new access points towards more inclusive and accessible financial services. We invite more of such companies to take part in this initiative.” Dr Maxwell Opoku-Afari, First Deputy Governor of the Bank of Ghana, expressed enthusiasm of how The Bank of Ghana is delighted to co-initiate this innovative and profoundly significant project with the MAS, exploring the advantages of blockchain in managing trusted digital credentials. He explained in his keynote address how trusted digital credentials will play an essential role in trade and financial services. “Through collaboration and partnership with MAS and Solv Foundation, we are exploring various applications of combining UTC, Decentralized Identity (DID), Verifiable Credential (VC), and ERC-3525 technologies, demonstrating tremendous flexibility and potential.” Dr Maxwell Opoku- Afari reiterated the need for regulatory oversight to ensure the sound implementation of the trusted credential platform, “As a central bank, we pay special attention to the scheme's regulatory support, proposing a unique 'Four-eyes Principle' regulatory model. Following a successful design we will pilot in the real world by running actual international trade cases, actively exploring how tokenized digital credentials can be integrated and operated with our central bank digital currency, e-Cedi. We'll continue to innovate in regulatory technology, helping Ghana's MSMEs seize new opportunities in the global supply chain reshaping, accelerate Ghana's economic growth through the next-generation digital economy infrastructure, and serve as a model for other African countries." Mr. Yan Meng, a co-founder of Solv Foundation and the chair of SFT Labs, has played a major role in incubating Project DESFT. Mr. Meng noted: "Blockchain must solve real problems in the real world. The global supply chain is undergoing restructuring, characterized by decentralization, meaning many new MSMEs in developing countries will participate in the global supply chain. They will depend on a vast array of trusted digital credentials to coordinate intricate processes and collaborations across various jurisdictions. Our collaboration with MAS and Bank of Ghana allows us to harness blockchain for enhancing these credentials, bridging the gap between these economies and the global market, and ensuring a more inclusive trade landscape." As one of the designers of ERC-3525 standard, Mr. Meng said: "Project DESFT's use of ERC-3525 to tokenize Verifiable Credentials introduces 'Controllable Transparency', a departure from the 'Radical Transparency' typical of many blockchain solutions. This strikes an optimal balance between privacy and visibility. It marks another milestone progress of ERC-3525 following the success of the ‘Tokenized Invoices’ project from the Australian CBDC pilot program. We're optimistic about ERC-3525's potential to reshape the way we view digital credentials, especially when combined with technologies like CBDC and regulated stablecoins. Dr. Xiao Zhang, core advisor to Project DESFT and founder of zCloak Network, provided cryptography, Verifiable Credential (VC), Decentralized Identifier (DID), and other technical support for Project DESFT. He commented: "VC and DID advocated by W3C are becoming hot topics today. Project DESFT is the world's first attempt to tokenize VCs and DIDs on the blockchain. It is innovative and groundbreaking in terms of technology. We see that the Token-Credential Pair structure in Project DESFT has struck a balance of privacy protection, regulability, and transferability, which we believe is an inspiring work for VC/DID communities. In addition, Project DESFT has a high potential to integrate and interact with burgeoning technologies such as programmable CBDC, Purpose-Bound Money, Zero-Knowledge Proofs, and AI to promote the digital economy up to another level." According to reports, Project DESFT will start its second phase immediately after the Singapore FinTech Festival with forward looking partners such as Ample FinTech to build broader real world use cases. In the new phase, the project will be integrated with other related projects promoted by MAS and Bank of Ghana to support the complete cross-border trade process of MSMEs in Ghana. It will also interact with CBDC systems to facilitate payment programming in the context of international trade and supply chain finance. Annex: Solv Foundation is a Singapore based entity established in early 2021. Solv is renowned in the DeFi industry for its innovative contribution in designing the ERC-3525 token standard. ERC-3525 is a token standard which defines the Semi-fungible Tokens, or SFTs. It was approved by the Ethereum community in September 2022. SFTs are especially suitable for representing programmable digital credentials and financial instruments. SFT Labs is a R&D and incubating organization initiated by Solv Foundation and established in November 2022. It is dedicated to developing a booming, diverse, and sustainable ecosystem for Semi-fungible Token technology. SFT Labs has incubated Unizon Blockchain Technology in Australia and Ample FinTech in Singapore. zCloak Network is a real-world identity (RWI) infrastructure for Web3, featuring privacy-first DID powered by zero knowledge proof. It aims to provide user data sovereignty by moving both the storage and computation of data into user devices from centralized servers. With zCloak Network, people can use their real-world data for on-chain DeFi, Identity, Biometric applications without disclosing their privacy. Ample Fintech is a FinTech startup based in Singapore. With its technical strength, Ample FinTech is committed to providing tailored FinTech and blockchain solutions for Web3 and FinTech industries. Ample FinTech also provides education and consulting services about blockchain, DID, VC, Tokenization and RWA technologies. Contact: erc3525@solv.finance @SolvProtocol @zCloakNetwork @Will42W @RyanChow_DeFi

《精通比特币（第三版）》发布： btcstudy.org/2023/11/23/ann…

This is Huge. 尽管我们知道这一天迟早到来。

最近发生了很多“大”事。 其实看待这些事可以有两个视角，第一是本着娱乐的视角，在新闻事件中寻找具有新奇性和趣味性的点。如果是本着这个目的，那么细节越多越好，因为细节多了，密度大了，娱乐点才多，才能兴致盎然。另一个视角则是宏观的，分析这些事件反映了行业乃至世界的什么趋势，这些趋势跟自己有什么关系，主要是指导决策的。 本着后一个视角，那么事情越大，越要宜粗不宜细，要带着远望镜去看。不要老想着解密猎奇，那些细节跟你没什么关系。要思考 100 年之后的一本中学历史课本里会怎么记载现在这些新闻，然后想像一下，这本书的下一页会出现那些事情？这才是真正重要的问题。只有具备将各种琐碎细节省略掉、把握总体趋势脉络，才能够识别那种被称为“历史规律”的模式，只有识别这样的模式，才能够帮助自己做出选择和决策。 就拿币安司法和解这件事情来说，我看了很多评论，大多数都是提供细节、趣味性和情绪价值的，在总体上和趋势意义上讨论这件事情的人并不多。既然如此，我分享几点在这个层面上的思考吧，事先警告，肯定很无趣： 1. Crypto/Web3 相当于发现了一块富饶的新大陆。 2. 第一批探险者是理想主义者，第二批则是冒险家，他们移民到新大陆以后，迅速占山为王，建立了一套理想主义、投机主义、金钱崇拜与巧取豪夺混杂的体系。这个体系内部缺少秩序建构，充满着各种混乱和丛林法则，但也因此成为创新的温床。这个阶段可以称之为探险时代。 3. 币安抓住了历史机遇，在混乱中建立了秩序，平衡了理想、创新、投机、炒作这些复杂的因素，无疑是探险阶段的王者。 4. 但这个新大陆并尚未诞生足以与传统世界抗衡的组织和力量形态，它原先那一套建立在单薄的匿名机制上的消极对抗手段现在已经形同虚设。在这种情况下，当它的规模越来越大，甚至开始反向影响旧大陆的力量平衡的时候，旧大陆肯定是不能坐视不理的，必然会运用既有的实力和手段干预新大陆。这就会将新大陆的历史推入到第二阶段，可以称之为殖民时代。 5. 殖民时代对于 Web3/Crypto 来说，是一个秩序建构的时代，但这个秩序，并不是最符合新大陆本土特色的秩序，而是旧大陆的多个宗主国们在新大陆跑马圈地之后，在殖民地里各自结合新技术特色，嫁接宗主国原有制度而形成的多种不同特色的殖民地制度并存并相互竞争的秩序。 6. 看到这一点的国家，各自在以不同的方式推进殖民进程。有的国家主动一些，愿意深入腹地，有的国家被动一些，只求守住边界。我们看到的币安司法和解的事件，本质就是如此。这一事件也标志着美国在 crypto 新大陆的殖民进程大大加速。同样在加速的还有香港、新加坡等地区。 7. 从发展规律来说，殖民时代绝对不是终点。多种制度相互竞争的过程，最终将导致新秩序的出现。这种新秩序不但更符合新技术自身的特点，而且具备突出的竞争优势和抗衡其他体系的能力，并能够强有力地反向影响旧大陆。只不过，距离新秩序的创建、确立和成功，可能还有比较长的时间。在相当长一段时间内，我们需要聚焦殖民时代的策略。 8. 币安和解短期内是无奈之举，但中长期来说未尝不是好事，因为它作为探险时代的王者，顺利存活并且进入到殖民时代，而且在实力上并未伤及根本，有机会在新的时代继续发挥重要作用。这样的好事，翻翻历史书，实在不多见。 9. 未来十年，Web3/Crypto 世界殖民化将是行业故事主线，行业叙事发生根本变化，最重大的创新和财富创造机会就在这条主线上。并不是说探险时代的秩序不能够以遗址和保留地的形态存在，但其重要性将逐渐下降。

投资不是要在别人的游戏中打败他们，而是要在自己的游戏中控制自己。——本杰明·格雷厄姆《聪明的投资者》

Goldfinch 在 2021 年底兴奋地宣布向东非的一家摩托车出租公司借出 500 万美元。现在，这笔贷款有可能会全部损失。 （具体细节自己看，简单来说就是这家摩托车出租公司瞎胡搞，把贷款给了关联公司收不回来了引发了一系列违约） 这是给所「RWA」瞎扯淡者一记沉重的打击。

我觉得这个影响是一次性的，没什么事。然后美股的风格切换目前还没看到，题材切换最近几天有从AI去到室温超导。但是室温超导技术在未盈利阶段，资金还是会去炒作AI+应用和芯片、数据，远一点充电桩、TOPCON电池，再远一点智能驾驶和新能车产业链。AI和室温超导理论上来说，逻辑还是顺在一起的。

结合今天的 otc 市场传闻，再结合黑钱涉入 usdt 之深，灰产诈骗规模之大，哎。

honest and continuous building is important for nft projects

@TheVOXverse 🫡

Something's happening for VOX. React with this post 👀

Introducing Lens Protocol V2

1/ New beta drop! 👀 Meet UniswapX⚡— a new permissionless, open source (GPL), auction-based protocol for trading across AMMs & other liquidity sources. TL;DR: Over time, it’ll give users more liquidity, better prices, MEV protection, & gas-free swapping! Opt-in to the beta👇

1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had been revoked. Furthermore, these MPC node servers, like all other ordinary servers, were actually running under Zhaojun's personal cloud server account. No member of the team has access to Zhaojun's personal cloud server account, so nobody can log on to these MPC servers. 2. Later, the team established contact with Zhaojun's family and learned that all of Zhaojun's computers, phones, hardware wallets, and mnemonic phrases were confiscated by the authorities. Since the inception of the project, all operational funds and investments from investors have been under Zhaojun's control. This also means that all the team's funds and access to the servers are with Zhaojun and the police. 3. Due to the lack of information about the case, the team could only maintain project operations to the best of their abilities through the remaining access on some non-MPC servers that hadn't been revoked yet. Per the lawyer's suggestions, the team has chosen to cooperate as much as possible with the demands of Zhaojun's family and adhere to the requirements of local laws and regulations, refraining from disclosing unauthorized information about the case to the public. 4. On May 30, in a responsible approach toward the community, the team released the news about Zhaojun's disappearance and informed the community about the technical issues currently faced. 5. On June 4, Zhaojun's family successfully logged into the cloud server platform using the historical information on his home computer. However, Zhaojun's family only allowed Multichain team engineers physical access to the home computer to fix technical issues with Router2 and Router5. 6. During this period, Zhaojun's family and the lawyer were in communication with the police. The team was not informed about the details of the case but was notified that Zhaojun would be released soon and was asked to continue maintaining the system and await further updates. 7. The Multichain protocol continued to operate as designed. The team made every effort with limited resources to sustain the operation of the Multichain protocol and resolve user issues as much as possible. 8. On July 7, user assets locked on the MPC addresses were transferred to unknown addresses abnormally. According to Zhaojun's sister, login information from an IP address in Kunming was found on the cloud server platform, along with a series of operations transferring funds from the MPC addresses. 9. On July 9, Zhaojun's sister transferred the remaining user assets in the router pool and subsequently notified the team and several project parties of this asset preservation action. The funds were transferred to EOA addresses controlled by Zhaojun's sister. 0x1eed63efba5f81d95bfe37d82c8e736b974f477b 0x6b6314f4f07c974600d872182dcde092c480e57b 10. On July 13, according to information provided by Zhaojun's family, the police took Zhaojun's sister into custody. Now, Zhaojun's sister is also out of contact. The status of the assets she has preserved is uncertain, so the team believes it is necessary to inform the community about all the known circumstances. 11. Due to the lack of alternative sources of information and corresponding operational funds, the team is forced to cease operations. If there are any further notifications and developments, the team will update the community accordingly. 12. The Multichain team does not have the access to Domain Account to redirect or bring down the frontend multichain.org. Please help amplify and ask users not to use the Multichain service anymore. Can @GoDaddy help to bring down multichain.org? Thanks.

Mark

在朋友圈里有大波的拿azuki当头像的，不好好build项目，只想割啊割，浪费了大好的社区。这个在web2世界估计都可以算欺诈了吧😂币圈的作恶成本还是太低了

Mark

Over the past few months, we’ve talked to hundreds of teams interested in Account Abstraction 💡A theme: there’s no go-to resource for teams to learn about Account Abstraction That changes today! 👇

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分的保障，不至于出现因为发行机构的行为损害投资者利益的事，也十分重要； 3、技术问题从来都不是最重要的问题，难解决的，需要很长时间酝酿的，都是在技术之外； 4、跳出面临的挑战和障碍，RWA确实会为区块链带来更丰富的资产类别，使区块链能和现实世界进一步融合

RWA整体感觉挑战还是很大。有几点感受： 1、监管，很多国家对公链链原生token的监管还没搞明白，就要去接受在公链之上，再去融合现实世界的资产上链发行，监管挑战更大，发行方的合规成本也会上升； 2、RWA的“硬连接”问题，各国法律法规都不一样，如何去保证用户购买链上发行的RWA资产的权益能够得到充