Utility NFT Answer to Banking Withdrawal Crisis

Share This Post

New Tech Startup Stage3Crypto.com launches solution to banking withdrawal crisis concerns. The financial world is in turmoil following Hugh Hendry’s stunning forecast to Bloomberg Markets that the US government may halt bank withdrawals for cash. Elon Musk threw fuel on the fire by tweeting, “That’s a massive incentive to move money out of bank accounts”!

These explosive remarks were prompted by a litany of bank failures, with the latest being the First Republic takeover by JPMorgan on May 1st. The outlook isn’t completely dark; services like PayPal allow for an in-wallet fiat purchase. Visa has also been innovating new means to enable payments within self-custodial wallets. These companies are leading the way for the crypto economy to supplant the need for a traditional bank account. Stage 3 Crypto’s offering is the final puzzle piece, an answer to the function “interest” plays in a conventional banking arrangement.

Stage 3 Crypto provides this service with a variant of NFT technology called the “NooT”. A NooT is a standard NFT that allows for full or fractional ownership of Ethereum Validation Nodes. Their tagline is “BUY NFT, OWN A VALIDATOR, EARN CRYPTO”; their tagline is exactly how it works. All one must do is purchase their NFT and complete an activation process. They will earn a share of their validator’s blockchain rewards from there. This exciting offering allows anyone entry to the technical world of validation to anyone with a wallet and some crypto. Validators, the environmentally conscious replacement for ecologically damaging GPU-based crypto miners, allow people to receive crypto as a reward for making computational power available to the network, among other benefits.

Stage3crypto.com is bringing in a new era of validation services, focusing on the scalability of the ecosystem, eco-friendly technologies, and enabling participation in blockchain for everyone. “It’s the total validation experience brought to everyone at an affordable price,” Co-Founder Kyle Sponable says. He continues, “My business partner, Sam, and I wanted to make validation practical for everyone.”  

Website: https://www.stage3crypto.com

Twitter: https://twitter.com/stage3crypto

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT-related drops, releases, reviews and more.

spot_img

Related Posts

Coinbound Appoints Lindsay Keyfauver to Director of Coinscribble

New York, NY – October 2nd, 2024 – Coinbound,...

Coinbound Named to Manifest’s Global Most Reviewed Advertising and Marketing Agencies List for 2024

Honored for Excellence in Blockchain Marketing, Crypto Marketing, Investor...

Void 2122 to Unlock a New Era of Combat Card Gaming with NFTs

The pioneering force in the Web3 landscape, Void 2122,...

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its...

Friend.tech Returns With Surging NFT Trading Volumes

Friend.tech, the decentralized social media app, has shown an...

Related Posts

CoinGecko vs CoinMarketCap: Which Is The Better Crypto Tracker?

CoinMarketCap and CoinGecko are two of the most popular...

Bored Ape Yacht Club Review | 2023 Guide

An in-depth Bored Ape Yacht Club Review Guide. Everything you need to know about Bored Ape Yacht Club NFT Collection.

The Ultimate Guide to NFT Rarity Tools | Top Tools You Need to Know in 2023

Trait Rarity is the most important factor in the...

The History of Bitcoin NFTs – A Step-by-Step Timeline

With recent hype surrounding Casey Rodarmor's release of open-source...

Understanding Gas Fees and How to Dodge Them

Ethereum 2.0 alongside Layer 2 solutions make gas fees...

Top 10 NFT Marketplaces to Look Out For and Why

How numerous NFT marketplaces make hunting for digital collectibles...