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Romania’s Informatics Institute is set to launch an institutional NFT trading platform, using Web3 to create a link between the public and private sectors. Romania’s National Institute for Research and Development in Informatics (ICI Bucharest) aims to drive Web3 adoption in the country with the launch of an in-house nonfungible token trading platform. The institutional NFT platform, dubbed ICI D|Services, will go live on April 26 and aims to create a link between private and public sector institutions and users. The platform is primarily an NFT marketplace , allowing public and institutional users to mint, manage and trade NFTs. Cointelegraph spoke to ICI Bucharest blockchain laboratory coordinator Dr. Paul Niculescu-Mizil Gheorghe to unpack the impetus behind the country’s efforts to adopt Web3-powered technologies. ICI Bucharest has been primarily focused on research and development over the past five years, but shifted its attention to exploring blockchain, Web3 and nonfungible t...

The financial payments industry has seen its fair share of evolution, and is currently at an inflection point with Web3. The advent of the consumer internet in the 1990s brought unprecedented opportunities, democratizing access to information and communication, and revolutionizing digital commerce. Email revolutionized communication by facilitating instant messaging across borders. This soon led to numerous attempts at introducing digital money systems, but none were as successful as PayPal. Source: Unsplash Founded in 1998, PayPal made it easy for people to send and receive payments securely, regardless of their location or currency. PayPal stood out when it first launched because of two key features: security and simplicity. This solved the problem of online card fraud and made it easy for users to purchase products without sharing their card details with merchants. Today, information and money are transferred seamlessly via numerous online services. The protocols that power these s...