Guggenheim co-founder wants to build a blockchain building, including "the world's largest NFT museum"
This article comes fromThe Block, original author: Yogita Khatri
Odaily Translator | Nian Yin Si Tang
Summary:
This article comes from
, original author: Yogita Khatri
Odaily Translator | Nian Yin Si Tang
secondary titleSummary:- Guggenheim co-founder Todd Morley says Ethereum has "higher utility" than Bitcoin.
- Morley is now the chairman of blockchain project Overline, which is building a wireless protocol and "the world's largest NFT museum."
Todd Morley, co-founder and former executive at investment giant Guggenheim Partners, said ethereum has "higher utility" than bitcoin.
Morley accepts Monday
Bitcoin is indeed popular, but “to me, the utility of ethereum is much higher through smart contracts,” said Shi.
Overline.Network
Morley believes that any industry that does not have a digital technology strategy will be "killed". He cited the insurance industry as an example, saying that such an industry better have a technology strategy, otherwise "something new comes out suddenly, and then your Walkman looks like an abacus."
According to Morley, blockchain technology is rapidly making its way to other parts of the world. He noted that app developers on ethereum have grown 20x for six years in a row, “much faster than Moore’s Law, so that’s where the action is headed.”
Note: Moore's Law is the experience of Gordon Moore, one of the founders of Intel. Its core content is that the number of transistors that can be accommodated on an integrated circuit will double approximately every 18 months. In other words, processor performance doubles every two years. In other words, the speed and performance of computers increase every few years, and people pay less for computers.
Mass deployment of ethereum’s utility functions and asset access “hasn’t happened yet, so we want to be a leader in that,” Morley said.
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Overline is run by CEO Patrick McConlogue, a former data scientist at hedge fund firm Citadel. McConlogue said in an interview that the company is working on a joint venture with JDS Development Group and plans to offer wireless on more skyscrapers, including some outside of Manhattan. The goal is to allow anyone within a defined radius to wirelessly access the blockchain, be it a cellular or internet connection.
Morley is currently the chairman of Overline Network, a blockchain project. Overline, formerly known as Block Collider, is an interoperability protocol that, according to its website, connects all blockchains, including Bitcoin and DeFi, allowing users to move and trade (in cryptocurrencies) freely.
Earlier this year, Overline launched a decentralized marketplace called Interchange, which it claims enables collateral-based transactions across multiple blockchains without the need for wrapped tokens or gas fees.
Overline Network has two native tokens: Emblems (EMB) and Overline (OL). According to Overline’s website, EMB is an ERC-20 token that provides block rewards to Overline miners who participate in staking, and OL is to Overline what ETH is to Ethereum.
