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Bitcoin Spot ETFs Attract $3 Billion in One Month

Bitcoin Spot ETFs: A New Era in Investment The recent launch of Bitcoin spot exchange-traded funds (ETFs) in the United States has ushered in a remarkable financial phenomenon, capturing the attention of investors and analysts alike. Within just a month, these pioneering investment vehicles have attracted over $3 billion in net flows, a figure that notably eclipses the initial performance of gold ETFs when they made their market debut two decades ago. This trend signals not only a shift in investor sentiment but also a redefinition of traditional asset allocation strategies. For those looking to dive deeper into this area, the Comprehensive Guide to Spot Bitcoin ETFs offers valuable insights into navigating these new financial waters. Key Highlights Impressive Net Flows : Bitcoin spot ETFs have drawn over $3 billion in net flows within their first month, demonstrating robust market enthusiasm. Comparison to Gold ETFs : This performance surpasses that of gold ETFs at their inc

Nume Crypto Launches Payment Scaling Protocol on Polygon zkEVM: Revolutionizing Web3 Payments

olygon zkEVM, incur a fixed fee. This fee structure provides a significant advantage over traditional on-chain transactions that are subject to unpredictable and fluctuating gas fees. With Nume, users can conduct various operations such as token and NFT transfers, NFT mints, NFT trades, and network deposits and withdrawals.

Nume's payment scaling protocol is built to enable Web2 scale and economics on Web3 rails. By offering instant transaction confirmation and horizontal scalability, Nume aims to make it easier for blockchain applications to cater to Web2 users. The protocol achieves this by batching an unlimited number of transactions at fixed and low on-chain costs, while still providing strong security guarantees. This means that the marginal cost of a transaction is zero, allowing Nume to offer gas abstracted business models for blockchain activities on Polygon zkEVM.

One notable feature of Nume is its introduction of network subscriptions, making it the first scaling solution to offer this functionality. Users can unlock all operations on the network at an introductory price of just 1.99 DAI per month. This subscription model further enhances the accessibility and affordability of using Nume for various blockchain operations.

While Nume's payments rollup currently supports P2P token and NFT transfers, NFT mints, NFT trades, network deposits, and network withdrawals, full EVM compatibility is scheduled for Q2 2024. However, the protocol is already EVM addressable and compatible with EVM wallets, allowing users to seamlessly integrate Nume into their existing wallet infrastructure. Popular EVM wallets like Metamask or Coinbase Wallet can easily add Nume as a network for users to start sending and receiving funds.

Furthermore, Nume provides a bridge between Web2 and Web3 services, allowing dApps to offer flat fee operations to their users. This aligns with the expectations of Web2 users who are accustomed to predictable pricing structures. By adopting Nume, dApps can enhance user experience and attract a wider user base by providing the familiar and cost-effective payment models of Web2 services.

In conclusion, Nume Crypto's payment scaling protocol on Polygon zkEVM offers a groundbreaking solution to the unpredictability and variability of gas fees in blockchain transactions. With its flat fee structure, instant transaction confirmation, and horizontal scalability, Nume enables Web2 scale and economics on Web3 rails. The protocol's network subscriptions and compatibility with EVM wallets further enhance its accessibility and usability for end users and dApps alike. By bridging the gap between Web2 and Web3, Nume paves the way for a more seamless and user-friendly blockchain experience.

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