Interview with CEO Shahaf Bar-Geffen

Shahaf Bar-Geffen is the CEO as well as owner of COTI Network, a blockchain-based settlements network.

Bar-Geffen has an abundant history in the technology area, as well as, think it or otherwise, back in 2016, he offered a media business by the name of Web3 to Mccan Erickson Group (IPG). He likewise started a firm called Positive Mobile – among the initial places to market on mobile phones as well as a firm that was likewise obtained later.

His crypto enthusiasm began in 2015 as well as ended up being a lot more significant when he started COTI in 2018. Since after that, COTI had actually come to be a notable gamer in the area.

In this interesting episode, we talk concerning what is COTI, its close partnership with Cardano, the CVI – which is the crypto variation of the renowned VIX, as well as naturally the marketplace view as well as the current patterns – NFTs as well as the metaverse.

What is COTI? The 2022 Edition

First points initially, COTI is a layer-1 procedure that has its very own indigenous chain. It’s maximized to do settlements – extra specifically, consumer-merchant settlements.

“This means that we’ve built everything from the grounds up to specifically solve the issues around payments.” – According to Bar-geffen.

Talking concerning the problems that COTI stands to resolve, the globe’s underbanked populace pertained to increase, as well as he said that the presently existing system is simply not reduce to manage problems of this kind. Centralization, pricey purchases, absence of openness – these are all simply a few of the obstacles that COTI takes on, in words of Bar-Geffen. He likewise discussed a few of the technological distinctions in between COTI Network as well as various other layer one procedures such as Ethereum.

Beyond all the attributes that he discussed, we likewise discussed COTI’s just recently released Treasury, which is a mathematical as well as decentralized swimming pool where individuals can transfer their COTI as well as be compensated for their engagement.

The swimming pool will certainly expand with time since the whole environment pays costs to Treasury – straight or indirectly. When a person risks COTI, they are qualified to a share of the expanding Treasury, offering yet an additional usage instance as well as advantage for long-lasting owners of the cryptocurrency.

Another item by COTI’s group is the CVI, which represents the Crypto Volatility Index. According to Bar-Geffen, the CVI symbols can be leveraged to hedge versus among DeFi’s a lot of terrible sinkholes – evanescent loss.

Cardano as well as Coti: Love Story

To those that are uninformed, Cardano is preparing to launch the DJED mathematical stablecoin, as well as COTI Network will certainly be the main provider. Bar-Geffen disclosed some fascinating information bordering DJED as well as Coti’s participation.

“DJED has already signed partnerships with more than 10 decentralized exchanges, among the top 10 on Cardano. We believe that DJED will be for the Cardano ecosystem what USDC is for the Ethereum DeFi, meaning the token that everybody uses to build their trading pairs with.”

We likewise discussed whether he really feels the future will certainly be multi-chain, which’s precisely what Bar-Geffen anticipates. However, he likewise claimed that no one ought to discolor Cardano since they are doing some magnum opus.

 

“Some people like to make fun of Cardano and these people will be very wrong. This is because Cardano is very strong in engineering – there are hundreds of engineers working there. They’ve published more academic papers than everyone else. […] I also like to remind people that Charles Hoskinson is a co-founder of Ethereum.”

He likewise said that the simplest point for Cardano would certainly have been to construct “yet another Ethereum knock-off.” They chosen versus it, as well as when “they actually release things, they are really good.” Shahaf likewise thinks that the environment of Cardano will certainly be “super strong.”

NFTs As an Integral Part of the Metaverse

The podcast wouldn’t have actually been so fascinating if we didn’t speak about non-fungible symbols, the metaverse, as well as blockchain-based pc gaming.

Speaking of the current crypto patterns, we likewise talked concerning Vitalik Buterin’s motivation to construct Ethereum, component of which was the prominent tale of just how his World of Warcraft personality obtained nerfed, as well as he determined that it’s an inappropriate program of centralization.

COTI’s CEO is a supporter of play-to-earn, as well as he thinks that this is among the very best usage situations for blockchain-based modern technologies. He likewise believes that non-fungible symbols will certainly play an important duty in the metaverse.

$30K Before $100K

It’s worth keeping in mind that Bar-Geffen is likewise a companion in a firm called Frequence that supplies innovation for mathematical trading.

At the moment when the podcast was videotaped, he shared that he as well as the formula weren’t extremely confident on BTC’s temporary future as well as also anticipate Bitcoin to retest $30K prior to getting to the $100K turning point that will certainly remain in the following couple of years. Amongst all the understandings he shared, the professional likewise disclosed that they are extremely favorable on Bitcoin as well as the whole environment in the long-term.

To find out about where COTI’s CEO believes the sector is headed, make certain to view the whole podcast.