the insider

Drofa Comms Monthly Roundup — September 2022

September was rich in new trends across the board in the crypto industry. First we saw the long-awaited next stage in Ethereum evolution, “The Merge”, which enabled the network to finally switch to the proof-of-stake (PoS) model of operation. The update is expected to greatly improve Ethereum’s security and scalability.

Additionally, the market witnessed a leap of interest in the subject of open finance, as 13 fintech companies across the UK and EU came together to form an association dedicated to promoting the ecosystem.

Along the way, we could also see major retail players showcasing the desire to enter the metaverse sector. Walmart partnered with Roblox to launch two projects in this field, stating that utilisation of virtual products in the metaverse by various users can be a big business for retailers. 

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