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PressSep 22 2022

Chain Announces Multi-Year Partnership with Kraft Sports + Entertainment

<[Saint Kitts and Nevis] (September 22, 2022)> Chain, the leading Web3 software solutions company and Kraft Sports + Entertainment are excited to announce a multi-year sponsorship agreement with the New England Patriots, New England Revolution, Gillette Stadium, and Patriot Place, naming Chain as their official blockchain and Web3 sponsor.

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PressSep 23 2022

Coinbase Launches “Learn-to-Earn” Campaign with Chain (XCN)

Coinbase has launched a “Learn-to-Earn” program that offers rewards for Chain’s official governance and utility token, XCN. The learning initiative built by Coinbase, offers free crypto to beginner users in the space through completing a series of quizzes and learning modules. Crypto curious learners can test their knowledge about the XCN governance and payments token for the Chain ecosystem, and earn up to $3 in XCN. To better understand the Chain ecosystem, Coinbase teamed up with Chain (XCN) to create learning modules that spread awareness, and educate new users about different cryptocurrencies. Coinbase users can now watch simple, and educational videos about Chain, and learn about its various use cases, while earning XCN in the process. To participate in the Coinbase ‘Learning Rewards’ program, users will need to sign in or register for a Coinbase account. From there, participants will be eligible to complete quizzes and be rewarded in XCN as they progress through each learning module.

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ResearchSep 28 2022

Chain Research – The Significance of ENS Domain Names and Their Use Cases

The Role of ENS in Web3 In the early days of the internet, before Domain Name Systems (DNS) existed, navigating the internet was a grueling task. Instead of simply typing in “google.com” into your search browser, early internet users had to manually type Google’s IP address, “2001:4860:4860::8888”, so it was readable for machines. In the 80’s the concept of DNS was created to translate human readable domain names (URLs) rather than inputting a machine readable IP address. Similar to pre-DNS days, blockchain technology requires a long string of alphanumeric characters that are used to uniquely identify each wallet address. Wallets act like a social media account for an individual’s cryptocurrency.  We share our Twitter or Instagram usernames with each other to receive direct messages or view posts, but we never share our passwords. A public key or wallet address is like a Twitter “@username”, and the private key would act as the password used to access the account. Before sending crypto to another wallet, users have to type out this case sensitive wallet address perfectly to the receiving party, or else the funds will be sent to another wallet and be lost forever.

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PressSep 23 2022

Coinbase Launches “Learn-to-Earn” Campaign with Chain (XCN)

Coinbase has launched a “Learn-to-Earn” program that offers rewards for Chain’s official governance and utility token, XCN. The learning initiative built by Coinbase, offers free crypto to beginner users in the space through completing a series of quizzes and learning modules. Crypto curious learners can test their knowledge about the XCN governance and payments token for the Chain ecosystem, and earn up to $3 in XCN. To better understand the Chain ecosystem, Coinbase teamed up with Chain (XCN) to create learning modules that spread awareness, and educate new users about different cryptocurrencies. Coinbase users can now watch simple, and educational videos about Chain, and learn about its various use cases, while earning XCN in the process. To participate in the Coinbase ‘Learning Rewards’ program, users will need to sign in or register for a Coinbase account. From there, participants will be eligible to complete quizzes and be rewarded in XCN as they progress through each learning module.

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PressSep 22 2022

Chain Announces Multi-Year Partnership with Kraft Sports + Entertainment

<[Saint Kitts and Nevis] (September 22, 2022)> Chain, the leading Web3 software solutions company and Kraft Sports + Entertainment are excited to announce a multi-year sponsorship agreement with the New England Patriots, New England Revolution, Gillette Stadium, and Patriot Place, naming Chain as their official blockchain and Web3 sponsor.

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ProductSep 21 2022

How an Iconic Jewelry Brand Became Infinite on the Blockchain Through A Strategic Partnership with Chain

Client Background For nearly two centuries, our partner has been the leading design house in luxury retail. The traditional North American jeweler, renowned for its artisanship, is at the forefront of innovative design, handcrafting the finest pieces for high-end clients around the world. The company’s Executive Vice President of Product and Communication, is known for taking a forward-thinking approach for the brand, by developing next-generation products for his clientele. He demonstrated his enthusiasm for the crypto community earlier this year, by collaborating with the leading blockchain software solution company Chain, to release a 1/1 pendant for one of the most coveted NFT collections: CryptoPunks.

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ResearchSep 14 2022

Chain Insights — The Ethereum Merge Explained

What is Happening With the Ethereum Blockchain? The day that has been highly anticipated in the crypto community is almost here, the launch of ETH 2.0, or as many know it, the Merge. Ethereum is the second largest blockchain network after Bitcoin, and is moving from its Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS). Since its inception, Ethereum has required computer hardware systems to mine and earn rewards by solving cryptographic algorithms under the PoW protocol. Since the initial launch of the Beacon Chain in late 2020, this network runs simultaneously with the Ethereum network, and requires a PoS protocol, meaning users must stake (lock in) their own cryptocurrencies in smart contracts to earn rewards when the Merge goes live. The Beacon Chain is sometimes referred to as “spine that supports Eth 2.0 system”. The Beacon Chain is the main controller of the Ethereum PoS network, and is in charge of managing the PoS protocol and coordinating parallel chains (also known as shards). It will become fully operational as the Merge is set to be complete. To learn more about the pros and cons of PoW and PoS, refer to our previous article which breaks down each consensus mechanism.

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Monthly RecapSep 06 2022

Monthly Recap: August 2022

Chain Partners with Tiffany & Co. to Launch ‘NFTiff’ Project $12.5 Million Worth of ‘NFTiff’ Passes Sold Out in Minutes

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ResearchAug 31 2022

How the Depreciating Dollar Will Facilitate the Adoption of CBDCs and Crypto

Inflation in the West, Energy Crisis and Housing Bubble to the East When a financial crisis occurs in the U.S., it releases a domino effect that is felt across every nation around the world. In an attempt to battle inflation, the American government recently passed the “Inflation Reduction Act”, with a price tag of $740 billion, that presents no feasible strategy to reduce rising costs at all. Across the Atlantic, while the war between Ukraine and Russia intensifies, European nations will be hit with massive energy bills to stay warm this winter. European leaders are scrambling for solutions as electricity prices surge 300% in 2022, which will wreak havoc on European household incomes for the next 5–10 winters. Lastly, China, the second largest economic powerhouse in the world, is facing troubles of its own. With real estate prices plummeting, hundreds of thousands of Chinese homebuyers are refusing to pay mortgages for pre-sold properties due to housing developers struggling to complete housing projects on time. With global economic leaders struggling to determine a feasible solution to avoid an economic collapse, many governments are exploring the idea of “CBDC”, or Central Bank Digital Currency, that could be used as an alternative to fiat money.

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IndustryAug 25 2022

The Disconnect Between User Experience and Blockchain Technology

It doesn’t take long after discovering cryptocurrencies to realize how complex and involved they are to operate. Granted, many centralized exchanges have invested deeper in user experience research and design over the years, but decentralized exchanges (and applications) still have improvements to execute in their UX/UI systems if they wish to attract more novice users into the space. Finance is a key use for blockchain technology; the primary purpose of Bitcoin was to build a more sustainable, peer-to-peer, cashless economy following the Great Financial Crisis of 2008. Many gifted builders in Web3 have executed brilliant use cases for blockchain technology across a variety of industries; however, the most implemented use case rests in finance and commerce. As retail and finance slowly trickles into the Web3 ecosystem, these industries need to begin establishing trust and credibility with their customers by creating a seamless user experience for their existing customers. Starbucks, a leader in the food and beverage industry, recently announced a special NFT rewards program for loyal customers. Without diving head first onto the NFT bandwagon, Starbucks is tacking on an extra feature to their Mobile Order & Pay system, one of the brands greatest successes. Starbucks was one of the first to introduce the concept of a digital wallet in retail, before the widespread popularity of Apple Pay.

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ProductAug 17 2022

Managing Transactions Conveniently with Chain Sequence

The Origins of Public Ledgers Since the dawn of civilization, humankind has progressively improved communication through language and written words while simultaneously developing a common number system to keep records of various transactions, and price fluctuations for public consumption. The term ‘public ledger’ derives from the traditional method of record-keeping used to keep track of information such as news and analysis, as well as prices for agricultural commodities. This public ledger was accessible to the general public in the form of clay tablets, for verification and inspection purposes. These tablets provided incremental arithmetic calculations and totals, which were verified for accuracy by a high-ranking official before being stamped and sealed.

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IndustryAug 10 2022

The Auto Bubble, Supply Chains … and NFTs?

One of the most significant purchases an adult will make in their lifetime is purchasing real estate or financing a new or used car. In contrast to the housing market, the automotive industry is one of the least regulated in the world. With the automobile industry being comprised of only a handful of firms, these companies dominate the entire global market and the supply chain. In the advent of COVID-19, a domino effect has led to a series of events causing a spike in inflation, disruptions in supply and demand, and a global computer chip/semiconductor shortage. The latter had a great impact on new car production and the automobile industry in general. These semiconductor chips power the electronic components inside new car models. U.S Congress recently passed “The Chips and Science Bill” which will pour $280 billion into subsidizing chip manufacturing technology on a domestic scale. The premise of this bill should aid in easing the after-effects of the car market bubble.

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