NEO’s unique digital identity solution, combined with its support for digital assets and smart contracts, fuel the platform’s vision for a comprehensive smart economy. How the NEO Blockchain Aims to Build a Smart Economy OnChain has also been an instrumental force behind other projects, including Ontology (ONT). Along with OnChain, the non-profit NEO Council (which later became the NEO Foundation) is another driving force behind the platform’s development and adoption. NEO was founded in 2014 by Da Hongfei and Erik Zhang - the founders of OnChain, NEO’s parent company. Blockchain is no exception to this trend, with NEO taking over many of the functions that Ethereum is most known for in other parts of the world. For example, the country’s consumers rely on Alibaba instead of Amazon, Baidu instead of Google, and Didi Chuxing instead of Uber. For these reasons, it’s relatively uncommon for Western companies to gain significant traction in China, and relatively common for a specific type of services within China to be dominated by Chinese-owned businesses. Or sideways.The Chinese market presents a number of unique challenges for businesses, including language barriers and rigorous regulatory requirements that often differ from other major markets. We are on our knees looking at the cave walls and viewing the projections without being able to look behind us. “It’s a show a system of control and manipulation. These were the words of the actor who, on the other hand, was more skeptical about the metaverse: “I think the principle and ideas behind an independent currency are amazing.” ![]() The star stressed the merits of crypto to Wired reporters during the premiere of his new John Wick film: Speaking of Neo, actor and investor Keanu Reeves, who was the protagonist of the Matrix trilogy, spoke his mind in an interview. Not only development of new projects, the company’s top programmers in fact are also focusing on DeFi, GameFi, Web3 and metaverse to keep up with trends. The control of operations occurring through the DAO has seen $145,000 in funding flow in for next-generation projects. The GrantShsres extension has provided a clear and effective funding opportunity for Neo’s decentralization. The initiative is the result of collaboration with the sixteen top universities in the United States of America despite the perplexity of the Asian government. September last year, on the other hand, saw the light of Neo Pod, an initiative aimed at funding the best projects and talent in the crypto world. News emerged on the 11th of last month that Neo released the Neo Year Review, a facilitator that makes it easy to set up new crypto projects. Thanks to the new ability to invest in digital currencies, Chinese banks have increased exposure in cryptocurrencies and Neo has benefited from strong liquidity inflows. The consequences of this momentous choice were immediately seen in trading with Chinese tokens rising sharply.Īmong the best performers as mentioned above was Neo, which was able to benefit from the bullish sentiment. Starting 1 June of this year, it will be possible to trade in cryptocurrencies in the city-state. The currency, which prides itself on its complexity stemming from the various programming languages that make it up, has benefited from a boost specifically from Hong Kong’s policy shift. Today, the price of NEO stands at €13.92, an appreciation of 28.16% compared to yesterday and a circulating supply of 70.5 million units. Indeed, Neo has risen since 1 January by 142.20%. If the weekly figure impresses, the year-to-date figure is no less impressive. ![]() The currency entered the top 15 by market capitalization steadily and boasts just under $1 billion. The token posted the second best growth among Chinese currencies with a +72.30% performance. This past week has been nothing short of memorable for the token bearing the same name as the protagonist of the Matrix trilogy. This second token has the function of being the instrument for payment of fees and is not subject to inflation which is regulated by an ad hoc algorithm. Neo is not the company’s only token indeed, there is a second token called Gas. The digital currency is based on DBFT (Byzantine fault-tolerant decentralized consensus) and can process more than 10000 transactions per second. The company aspires to create a smart economy through its blockchain and smart contracts. The name change occurred close to the launch to have a name that was more Smart and usable by the market. ![]() Neo was officially born in 2016 although, the first version saw the light of day in 2014 thanks to the collaboration between Da Hongfei and Erik Zhang.Īt the time of its launch Neo was called Antshares but almost immediately took on the name by which we now know it.
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