Proof-of-Ink to boost Web3 adoption, Fed rate cut could spur DeFi summer: Finance Redefined

Gavin Wood introduced a major infrastructure development for Web3 citizenship, while Hashkey’s CEO forecasted a resurgence in the DeFi market driven by lower interest rates.

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance insights — a newsletter crafted to bring you the most significant developments from the past week.

This week, Ethereum and Polkadot co-founder Gavin Wood revealed the launch of Parity’s upcoming tattoo-based Web3 individuality solution, which could be among the main missing blocks for Web3 adoption, Wood told Cointelegraph during the Web3 Summit in Berlin.

In other news, the decentralized finance (DeFi) sector could experience a long-awaited resurgence, fueled by declining interest rates and rising Bitcoin (BTC) investments, according to HashKey Capital’s CEO, Deng Chao. 

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