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10/15/2024

BLOK-Chain Monthly October 2024

Blockchain: Adoption Gains Momentum in 2024 As of September 30, 2024, BLOK’s NAV returns were up 6.25% for the 1 month, 5.79% for the Q3, and is up 25.53% YTD (see standardized performance). More importantly, the driver of these returns is evidence that real change is on the horizon. In September, at the Singapore 2049 Conference, Sergey Nazarov, the Co-founder of Chainlink, delivered an eye-opening keynote address that explained his idea of why adoption is at an intersection between TradFi and DeFi, which will ultimately lead to hundreds of trillions of value, measured by dollars and code. Note that many readers of this report likely have not heard of Sergey Nazarov or Chainlink, but in a changing world, innovation does not usually come from your next door neighbor. Chainlink, which he co-founded, is an industry platform standard that is powering and integrating the decentralized computing ecosystem referenced as DeFi. “Chainlink since 2022 has enabled over $15 trillion in cumulative transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, and offchain computations. It provides a base level of security and cross-chain interoperability across any blockchain.” Check out his full Token Singapore 2049 keynote speech1 as well as all of our footnotes links below.2
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