In this Edge of NFT episode, we dive deep into the world of Web3 and decentralized finance with Elaine Song, VP of Strategy at the HBAR Foundation. Elaine shares insights on stablecoin development, the resurgence of DeFi within the Hedera ecosystem, and the evolution of use cases from speculative trading to loyalty and ticketing applications. 

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🔑 Key Takeaways: 

◆ The HBAR Foundation is an organization that supports and funds builders in various specialized domains within the Hedera network, nurturing communities and facilitating their integration into the broader ecosystem.

◆ Stablecoin Studio is an open-source product for token creation that focuses on compliance, scalability, and asset control. 

◆ ZeniTravel's innovation in the wholesale travel booking ecosystem, combining web2 and web3 models for mainstream adoption. 

💬 Quotes from Elaine Song: 

◆ The Evolution of Blockchain Use Cases: When you look at the initial use cases, you start to question whether that underlying technology is being used in the most efficient effective, or meaningful way. When those use cases lead into the 2nd or 3rd-order use cases, then it starts to make a lot more sense. 

◆ DeFi Resurgence: Over the last month, the Hedera ecosystem has started to see this resurgence. We saw the excitement with the ETF news and leading up to that, we're starting to go back to our roots. In this case DeFi, “How does that evolve to meet this new market or these new entrants or this new excitement that's coming in?” 

◆ The Unique Governance Model of Hedera Hashgraph: The fundamental concept that underlies the governing council is this idea of chaotic systems. 

Tune in as we explore the intersection of technology, culture, and entrepreneurship! 

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