North Borneo Labs Project- The Migration of Money
Hi everyone, At our migrated Hive Blog @nbbmag , we have updated our site with new post that discuss on The Migration of Money: Countries interest rates vs CeFi & DeFi offered rate.
As we writing today, Cryptocurrency marketcaptial have reach ATH ( 2.557 Trillion USD )since May 2021 and Total Value Locked in DeFi protocol hit another ATH at 236.44 billion. This shows a trend how the money are slowly migrating into DeFi protocol for better yield compare to rate offered by conventional banks.
Further to that, Bank of America release a report stated "the digital asset ecosystem is only getting started” and it is "too large to ignore"[1].
For more in depth and interesting of our weekly updates, and you may find our post in this Link!
Our goal has always been creating awareness on blockchain technology to empower locals especially in Sabah (My Hometown). Not replacing any existing economy revenue, but add a new economy pillar into it.
Looking forward for your support and keep innovating.
[1]. Quarmby. B. (2021). Bank of America offers bullish outlook for DeFi and NFTs. Coin Telegraph. Available at: Link.