Los Angeles, CA — Pledge Finance conducted Stanford DeFi & NFT Summit 2021 at the Stanford Faculty Club on Sept. 24. The event was hosted by Tony Y. Chan, CEO of Pledge. It was streamed live on Zoom.

The event was graced by Brian Brooks, ex Binance US CEO, ex Coinbase Chief Legal Officer, ex Comptroller and current director of FDIC; Dr.David Tse, Stanford University blockchain professor and inventor of Prism; and Nicole Chang, ex-vice president of global bbusiness development of the luxury retailer DFS — a part of the LVMH Group.

The keynote speakers deliberated on topics of regulation in the cryptocurrency space, the advent of decentralized finance (DeFi), Ethereum 2.0 and the nonfungible token (NFT) story. Brian Brooks said, “Imagine having a global financial revolution, with pledge being the engine behind it, building a world that sits on top of Charles Schwab” highlighting the importance of DeFi.

In a two-hour long session, a myriad of topics was discussed, ranging from the problems that DeFi is trying to solve, ways of generating yield, risk management and type of losses, need of regulation, building a next generation blockchain, unresolved security problem and the rise of decentralized finance. They also discussed the reorg attacks on the blockchain, bringing more stability through Ethereum 2.0, history revision proof-of-stake problem to exploring NFTs, the difference between the perceived value of original and a copy, the importance of luxury and symbiotic relationships and the story behind the famous NFT projects such as Beeple, Crypto Punks, Bored Ape Yacht Club and many more.

A group of blockchain-focused researchers created Pledge. Michael Ren, Pledge Finance's chief technological officer, who holds a Ph.D. degree in AI from the University of Maryland, mentioned that Pledge will ultimately be more scalable than BlockFi. It will also continue to explore the opportunities to bridge the gap between centralized and decentralized finance ecosystem by potentially getting listed on traditional exchanges.

Pledge will continue to innovate outside of the decentralized finance landscape and march into the traditional micro-financing market. Now, Pledge is already talking with institutions that have micro-financing solutions and licenses.

Utilizing Binance Smart Chain, Pledge aims to facilitate long-term financing for crypto holders, something the researchers say has yet to be addressed in the industry. The protocol achieves this goal by allowing users to diversify their portfolios with non-crypto assets without being exposed to interest-rate volatility.

Event recording is available here: https://vimeo.com/614741817

About Pledge Finance

Pledge aims to be the crypto-asset lending platform for all. Unlike most available lending protocols, Pledge won't be focused on crypto traders borrowing digital assets in real-time for day trading. Instead, Pledge answers the need for longer-term financing. Primarily serving crypto-asset holders to diversify their portfolios with non-crypto assets.

For more information, please visit https://www.pledger.finance.

Social links:

Twitter: https://twitter.com/PledgerFinance

Telegram Chat: https://t.me/pledgerfinance

Telegram Announcements: https://t.me/pledgefinanceANN

Medium: https://medium.com/@pledge_finance

Company details:

Company: Pledge Foundation

Contact: Tony Y. Chan

E-mail: [email protected]

Website: https://pledger.finance

SOURCE: Pledge Foundation