Good Afternoon NSAV shareholders. Eric Ma, Vice President of NSAV's Decentralized Finance division (DeFi) here. Today, I will be discussing more about DeFi and how it fits into NSAV's business model and strategy.
But first, I want to thank our friends and partners at VirtuaBroker, that amazing Cryptocurrency Trading Broker virtuabroker.com for their tweet today and their words are greatly appreciated by NSAV and all of its shareholders. twitter.com/virtuabrokerlt…https://twitter.com/nsavtech/status/1400858250917158918?s=21
@VirtuabrokerLtd We’re doing even better than we had expected, thank you so much to all members and $NSAV shareholders for continuing to give amazing feedback via our investors relations email. We will continue to take our platform to new levels, this is only the beginning. https://twitter.com/nsavtech/status/1400858465606770693?s=21
Decentralized Finance, or De-Fi, aims to use technology to remove intermediaries between parties in a financial transaction. The components of De-Fi are stablecoins, use cases, and a software stack that enables the development of applications. https://twitter.com/nsavtech/status/1400861998854946818?s=21
NSAV is looking into a series of opportunities in the Asia Pacific Territory, by leveraging on the large client base of ourselves and our partners, especially in China. We should have our June timeline out next week. https://twitter.com/nsavtech/status/1400862789191802882?s=21
In 2020, the growth of De-Fi took the crypto world by storm. In fact, Total Value Locked (TVL) – a measure of De-Fi transaction value – grew by 14x in 2020. And already in 2021, TVL has more than doubled to a total value of $37.67 billion. https://twitter.com/nsavtech/status/1400863238967943171?s=21
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