Blockchain

The Sovereign Nature Initiative Releases DOTphin: Eco-Evolving Avatars On Polkadot at Token 2049 in Singapore

Amsterdam, Netherlands, September 18th, 2024, Chainwire

Token 2049 Attendees Can Collect DOTphin Proof of Presence Digital Avatars and Contribute to Real-World Environmental Impact

 Sovereign Nature Initiative (SNI) has joined forces with Unique Network and WalletConnect to launch DOTphin, an innovative Polkadot NFT project for attendees of Token 2049 in Singapore. Attendees are invited to visit the Polkadot booth (Booth #P34 and 42, located on level 5 of the Marina Bay Sands Convention Center) and collect their Proof of Presence (PoP) and begin their journey with DOTphin avatars which evolve through user interaction and contribute to real-world marine conservation efforts.

By participating in the DOTphin experience, Token 2049 attendees can collect a PoP, unlocking stages in the avatar’s evolution, which is influenced by ecological data from SNI’s marine conservation partner, Aquasearch. This innovative fusion of blockchain and ecological impact empowers users to play a role in preserving marine life while engaging with cutting-edge technology.

Catherine Bischoff, CEO of SNI shared, “Our goal at Sovereign Nature Initiative is to rethink the economics of biodiversity conservation and restoration. Through DOTphin, we have pioneered a groundbreaking approach to merge community engagement and the protection of our natural world by connecting digital collectibles with living entities. We add meaning to virtual realms by distributing dynamic assets that are verifiably making real world impact.”

To claim PoPs or other Proofs, users can visit the SNI Website or scan QR codes encountered at events. This will direct attendees to the claim process, which involves logging into an account. For those without an account, it can be created easily using an email address, social profiles, or digital wallets. The process is designed for simplicity and efficiency, making it easy to manage and claim Proofs.

Once PoPs are collected, the next step is evolving the DOTphin. This can be done by visiting the REAL Evolution page on the REAL portal. The same sign-in credentials used to claim Proofs are required to connect the account. The evolution process begins with the acquisition of the primordial “orbo”, which acts as the starting point; once hatched, it marks the commencement of the DOTphin’s evolution.

To evolve the DOTphin, other collected PoPs and Proofs are utilized. On the REAL Evolution page, select the evolve option, choose the Proofs to be applied, and the DOTphin will develop accordingly. Each Proof influences the characteristics of the DOTphin, making it a personalized representation of individual engagement and achievements. The selected Proofs will shape the DOTphin’s evolution, creating a unique avatar.

The DOTphin avatar aesthetic is heavily influenced by the artistic style seen in Japanese anime. This design decision creates a significant and relatable connection between the general audience and the digital companion and promotes the idea of caring for an object as it evolves over time. The acclaimed designer behind the art is Daria Smakhtina, from Ephemera One.

About Sovereign Nature Initiative

Sovereign Nature Initiative (SNI) is a non-profit organization dedicated to rethinking the economics of biodiversity conservation and restoration. Leveraging cutting-edge technologies, SNI creates innovative solutions that connect digital assets with real-world ecological impact. Through its proprietary tech stack—DEEP Protocol and the REAL Portal—SNI integrates live ecological data into digital collectibles, ensuring a sustainable funding channel for biodiversity efforts. The DEEP protocol gathers data from biodiversity stewards, while the REAL Portal continuously verifies commitments, linking users to tangible proof of their environmental contributions. SNI’s work, including pioneering projects like DOTphin, fosters community engagement and creates a new form of digital accountability for conservation.

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.

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Digital Banking Platform Market Set to Surge to USD 164.7 Billion By 2032, Widespread Smartphone Usage and Mobile Internet Access Enable On-The-Go Banking Services which is Propelling the Market Growth | Research by SNS Insider

2024-09-17T13:00:00Z

According to Research by SNS Insider, Legacy Banks Collaborate with Fintech Companies to Improve Their Digital Platforms and Technology Infrastructure to Aid Digital Banking Platform Market Growth

Pune, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Digital Banking Platform Market Size Analysis:

The global Digital Banking Platform Market, valued at USD 30.3 Billion in 2023, is projected to reach USD 164.7 Billion by 2032, growing at a compound annual growth rate (CAGR) of 20.7% during the forecast period.

The banking industry is rapidly going through digitalization, and smart mobile tools and digital banking services are required by consumers. These are the main drivers in the market. Thus, banks are mainly inclined towards digital banking platforms due to such benefits as lower IT cost, quick time-to-market, open banking, out-of-the-box yet an opportunity to configure solutions, omnichannel customer experience, and microservice architecture. For instance, it was recently announced that on December 12, 2022, Deloitte had teamed up with Amazon Web services to address a perennial issue: the transition to digital-first offerings that span the gamut of banking from customer-facing activities to the back office. Regarding the fact that the processors used by neo-banks are still shallow, they still represent a small market, but they grow faster in terms of increasing market share. Even though they serve their customers at about a third of the cost of a standard bank, the interest of venture backers in them appears to be waning. In the meantime, fintechs are focused on the most attractive niches in the value chain. The big techs and large user communities pose the greatest danger. Incumbents are spending a fortune on innovation, with only a few laggards fading away.


Get a Sample Report of Digital Banking Platform Market@ https://www.snsinsider.com/sample-request/1228 

Major Players Analysis Listed in this Report are:

  • Fiserv, Inc.
  • Crealogix AG
  • Temenos
  • Urban FT Group, Inc.
  • Appway AG
  • Alkami Technology Inc.
  • Finastra
  • Urban FT Group, Inc.
  • Q2 Software, Inc.
  • Sopra Banking Software
  • Tata Consultancy Service

Digital Banking Platform Market Report Scope:

Report AttributesDetails
Market Size in 2023 USD 30.3 Bn
Market Size by 2032USD 164.7 Bn
CAGR CAGR of 20.7% From 2024 to 2032
Base Year2023
Forecast Period2024-2032
Historical Data2020-2022
Key Regional CoverageNorth America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Key Growth Drivers• Government initiatives to promote digital financial inclusion and favorable fintech regulations drive market growth.

• Widespread smartphone usage and mobile internet access enable on-the-go banking services.

Do you have any specific queries or need any customization research on Digital Banking Platform Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/1228 

Segmentation Dynamics

The on-premise segment was the market leader, holding a revenue share of 73.2% in 2023. The on-premise model installed at the user’s site is a common choice for many users of these systems, as it is perceived by many as more secure than cloud software. If the software is hosted on the customer’s premises, their IT and security teams have direct access and therefore full control over its installation, configuration, management, and security. In various countries with strict regulations on the storage of financial data, large and well-established banks often opt for on-premise solutions because they have the capacity available. The cloud segment held the second-largest market share and there is potential for this segment to grow the fastest in terms of CAGR in the forecast period. The success of inclusive banking in the future will depend on the adoption of cloud and SaaS solutions. Although cloud and SaaS solutions provide basic financial services to the populations considered by inclusive banking, there are challenges in the inclusive banking environment.

Digital Banking Platform Market Segmentation:

By Deployment

  • On-Premise
  • Cloud

By Mode

  • Online Banking
  • Mobile Banking

By Type

  • Retail Banking
  • Corporate Banking
  • Investment Banking

By Component

  • Platforms
  • Services
    • Professional Services
    • Managed Services

Regional Insights

Asia Pacific was the leading market in 2023, which held a share of 33.5%, and is expected to also exhibit the highest CAGR of 24.2% during the forecast period. The advent of new digital companies is expanding Asia’s digital banking industry; a new generation of digital institutions is completely changing the older norms and offering both individuals and companies tightly digitalized banking services. Due to the growing need for mobile and online banking solutions, there is huge potential for existing players as well as new entrants, owing to the increasing proportion of permits and a new set of banking regulations. North America was the second biggest market, holding a share of 27.2%, and is anticipated to grow at a CAGR of 19.9% during the forecast period. Cloud solutions are being adopted right into many sectors worldwide such as banking and finance. The increasing adoption of cloud solutions is resulting in banks deploying cloud-based digital banking platforms, which will continue due to their low initial cost and rapid update capabilities.

Buy an Enterprise-User PDF of Digital Banking Platform Market Analysis & Outlook 2024-2032@ https://www.snsinsider.com/checkout/1228 

Recent Developments

  • In April 2024, nCino provide individuals with an improved and better omnichannel consumer banking solution for grades and banks. After the introspection, this will ensure that bankers can now find out which of their customer’s preferences and needs in the financial services sector.
  • In September 2023, Temenos proved to be the most striking and useful risk-free and secure solution to banks. This invention incorporates generative Artificial Intelligence automation delivery to classify the banking transaction of any customer.

Key Takeaways:

  • The on-premise segment held the leading revenue share in 2023 due to the surging adaption of the segment among the large banks with strict storage and data security guidelines.
  • The Asia Pacific region dominated the market with 33.5% of the revenue share in 2023 and will see the highest CAGR of 24.2% throughout the forecast period, driven by the establishment of new digital companies and the regulatory backing of digital banking enlargement.

Table of Contents – Major Key Points

1. Introduction

2. Executive Summary

3. Research Methodology

4. Market Dynamics Impact Analysis

5. Statistical Insights and Trends Reporting

6. Competitive Landscape

7. Digital Banking Platform Market Segmentation, by Deployment

8. Digital Banking Platform Market Segmentation, by Mode

9. Digital Banking Platform Market Segmentation, by Component

10. Digital Banking Platform Market Segmentation, by Type

11. Regional Analysis

12. Company Profiles

13. Use Cases and Best Practices

14. Conclusion

Access Complete Report Details of Digital Banking Platform Market Analysis Report 2024-2032@ https://www.snsinsider.com/reports/digital-banking-platform-market-1228 

[For more information or need any customization research mail us at info@snsinsider.com]

SNS Insider Offering/ Consulting Services:

Go To Market Assessment Service

Total Addressable Market (TAM) Assessment

Competitive Benchmarking and Market Share Gain

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Contact Us:
Akash Anand – Head of Business Development & Strategy
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