Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Staked ETH Hits 20M Milestone, Doubling Since Start of Year: The Future of Ethereum

Staked ETH Hits 20M Milestone, Doubling Since Start of Year

Ethereum has achieved yet another milestone, with over 23.5 million ETH deposited for staking. This number has doubled since the beginning of the year, which is an impressive feat. Staking is a process where cryptocurrency is locked up in a proof-of-stake blockchain to enhance network security and earn rewards. This process is similar to depositing cash into high-yield accounts at big banks, which enables token holders to earn passive income on their assets without having to sell or trade them. The higher the number of stakers, the more secure the blockchain becomes.

Staking ETH has become increasingly popular among crypto investors, and the recent milestone is a testament to that. Currently, $38 billion is being used to stake ETH. This is a clear indication that investors are confident in Ethereum's future and its ability to provide a good return on their investment.

ETH price is heavily dependent on its value against the US dollar. In November 2021, when the price of ETH reached an all-time high of $4,400, there had only been 8 million ETH staked. This shows that the growth in staking has been tremendous, and it has had a positive impact on the price of ETH.

Staking has numerous advantages over traditional investment methods, such as:

  • Passive income: Staking enables investors to earn a passive income on their assets without having to sell or trade them. This is a great way to generate a steady stream of income.

  • Security: The more people who stake, the more secure the blockchain becomes. This makes it difficult for bad actors to compromise the network.

  • Liquidity: Staking is a great way to earn a passive income while still having the ability to liquidate your assets if needed.

In conclusion, the recent milestone achieved by staked ETH is a positive sign for the future of Ethereum. The growth in staking has had a positive impact on the price of ETH, and it has become an increasingly popular investment method among crypto investors. With the advantages that staking offers, it is no surprise that it has become such an attractive investment option.

Email Post

Comments

Post a Comment

Trending Stories