Metal Blockchain, with Metallicus as the core developer, has recently solidified strategic integrations with prominent financial service entities, advancing towards reshaping the financial sector. With a strong foundation in compliance with the Bank Secrecy Act (BSA), Metal Blockchain is intricately designed to bridge traditional finance to web3.
This partnership with Rarible will leverage the technical expertise of both projects to delve into new applications of Marketplaces and Non Fungible Token (NFT) technology in mainstream financial products and consumer banking experiences.
The adoption of blockchain technology within the traditional finance sector is still in its infancy. Together with Rarible, dedicated resources will be pooled to conduct R&D on financial products such as tokenized rewards, globally compliant digital asset transfers, immutable and infinite on-chain documentation of financial records, and other customized alerts.
Marshall Hayner, CEO of Metallicus, remarked on the collaboration, recognizing Rarible's profound expertise in the NFT domain. "In working with Rarible, we aim to enhance how web3 concepts of digital ownership can be applied in real-world financial settings. Together, we will explore new possibilities, always prioritizing compliance and utility," he said.
Rarible has emerged as an early adopter in the NFT space, creating a sophisticated, scalable NFT tech stack primed for financial applications. Governed by its community, the Rarible Protocol stands as a decentralized, open-source standard for NFTs, excelling in user-centric design, seamless trading experiences, and high performance.
Alexei Falin, Co-Founder & CEO of Rarible, shared his excitement, "We're thrilled to work with Metal Blockchain to explore the transformative potential of NFT technology in finance. Picture Chase credit card points evolving into NFTs, traded and owned by the holders, not just existing as entries on a bank's ledger. We're talking genuine ownership, clarity, and movement in rewards — this is the future Rarible is striving for."
The collaboration between Rarible and Metallicus will explore new solutions to tackle financial inefficiencies by leveraging NFTs and blockchain technology, with an emphasis on regulatory compliance. These solutions aim to address transparency, speed, and cost issues, utilizing NFTs for clear ownership and blockchain for secure, quick transactions. This partnership aspires to simplify asset handling and financing, combining tech and finance for a more efficient, compliant future.
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