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BNP Paribas Lab to Focus on Distributed Ledgers

BNP Paribas Securities Services has announced a new innovation lab that will focus on big data and distributed ledger tech.

Updated Sep 11, 2021, 12:20 p.m. Published Jun 24, 2016, 2:50 p.m.

BNP Paribas Securities Services, a subsidiary of French bank BNP Paribas, has announced a new innovation lab that will focus on big data and distributed ledger tech.

The bank said that the lab will seek to build solutions for data management and visualization, as well as tools that help clients manage cash and liquidity requirements.

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The move comes amid a time of heightened interest in blockchain and distributed ledgers at BNP Paribas, following news it had begun work on a blockchain crowdfunding platform and a post-trade system for small businesses.

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

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Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

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Traders are watching $1.88 as support and $1.94–$2.00 as the levels XRP needs to clear to break consolidation.

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