Press Release
The importance of sustainability: Why eco-friendly blockchains are the future

As more and more decentralized applications (DApps), such as GameFi, DeFi, NFTs, and more, are being developed, heated discussions about the environmental impact of blockchain and cryptocurrency have reignited once more. Especially after China’s crackdown on cryptocurrency mining activities, public debates about blockchain and crypto-related energy consumption rates have reached a climax.
Proof of Work’s environmental impact
Since the birth of Bitcoin, the Proof of Work (PoW) consensus mechanism has always been fundamental to the security of blockchain networks. This consensus is reached through computing power, commonly referred to as hash rate.
Over time as blockchain technology is being adopted by the world, the energy consumption rate of the entire blockchain network has skyrocketed, leading to significant environmental costs. The University of Cambridge estimates that Bitcoin mining consumes about 130 TWh per year, accounting for about 0.1% of the world’s total primary energy consumption.
As far as DApp development is concerned, energy consumption-related environmental issues are mostly derived from Ethereum mining, since Ethereum is a PoW blockchain with the largest ecosystem full of projects in varying sizes. With the recent London hard fork, the transition to Ethereum 2.0-a complete Proof of Stake (PoS) blockchain, will be completed as early as 2022. As a result, the current energy consumption per transaction on Ethereum is about 35 kWh, which is equivalent to the energy consumption of a single person in developing countries for 3 days.
The true cost of DApp transactions
While mass crypto adoption is happening around the world, DApps and their applicability will eventually catch up. New projects such as wealth management applications, lending platforms, decentralized exchanges (DEX), NFT-inspired metaverses, and more, that are gradually taking over social media and our lives are the ultimate proof. If you have been paying attention to what’s happening around you, the crypto community’s passion and loyalty towards decentralized, immutable technology are clearly reflected in the real world.
That is certainly good news for crypto enthusiasts, but for the environment, it’s an entirely different story. Take NFTs for example. Memo Atken, a digital artist and engineer, estimates that the true cost of an NFT is much higher than a typical energy consumption of a transaction on Ethereum (35 kWh). He believes that NFT-related transactions will cost much more because all NFTs have to be minted and exchanged multiple times on the blockchain.
He is certainly correct. In fact, an NFT’s creation and distribution do not only consist of a simple mint and sale process. There will be many subsequent transactions made by collectors and traders, which makes the average carbon footprint of each NFT close to 340kWh (an average of 211 kg of CO2), equivalent to a single person’s energy consumption in a developed country for more than a month.
Why eco-friendly blockchains are favored by developers
In early 2021, several public blockchains underwent considerable ecosystem expansion, such as ThunderCore, Solana, Polkadot, and Binance Smart Chain. These blockchains’ ecosystems are in full bloom, as decentralized projects like DAOs, Oracles, Token Bridges, DeFi protocols, NFT marketplaces, blockchain games, and more, are being deployed consistently. There are many reasons for the expansion of these networks, but one thing they all have in common is that none of them utilize a PoW consensus mechanism (meaning zero physical mining facilities are used). Instead, novel mechanisms, such as PoS, that allow on-chain staking and other models to replace PoW are applied.
Among them, the ThunderCore blockchain uses the state-of-the-art PoS consensus mechanism, PaLa, which not only solves the “scalability trilemma”, but also supports the chain’s entire ecosystem with cheap renewable energy. ThunderCore is an eco-friendly public blockchain, and its CO2 emissions, resulting from on-chain transactions, are reduced by more than 10,000x. For example, its block creation does not require the support of large amounts of energy resources like Bitcoin and Ethereum do. ThunderCore is also EVM compatible, which allows the rapid migration and deployment of Ethereum projects. With low gas fees (<$0.00001), sub-second confirmations, and 4,000+ TPS, ThunderCore has become a platform favored by developers from the world over.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Flying Dresses International Solidifies Global Presence, Setting a New Standard for Experiential Luxury on the World’s Most Iconic Stages
Melbourne, Victoria, Australia, 6th Feb 2026 – Flying Dresses International has formally cemented its position as a global leader in experiential luxury, unveiling a new chapter of international activations that place couture, destination, and personal storytelling on some of the world’s most recognisable stages.

Over the past year, the brand has executed landmark experiences at locations rarely associated with fashion-led storytelling. These include a high-impact activation at Seattle’s Space Needle, a creative collaboration within Warner Bros. Studios in Los Angeles, and an international runway debut in Hawaii. Closer to home, Flying Dresses International has also taken to the runway in Tasmania and Cairns, marking its growing influence across Australia’s premium fashion and tourism markets.
What sets Flying Dresses International apart is not scale alone, but adoption. The brand has become a trusted creative partner for national pageant titleholders and international fashion ambassadors, positioning itself at the intersection of couture and cultural influence. These endorsements reflect a broader shift in luxury, where experience, symbolism, and authorship carry equal weight to design.
At the centre of this expansion is founder Maria Praljak, whose vision continues to shape the brand’s international relevance. A multi-award-winning entrepreneur, Praljak was recognised in both the Maldives and Dubai in 2025 for her contribution to global fashion tourism and women-led enterprise. With a background spanning law, politics, luxury yachting, and global travel, she has built Flying Dresses International into a platform that merges art direction, destination, and identity.
“We are not just a photoshoot; we are a foundry for modern icons,” says Maria Praljak, Founder of Flying Dresses International. “We provide the stage, the couture, and the art direction for a woman to forge her own ‘Insigne Dea’, a timeless testament to her power and her story.”
The January release of this announcement has been strategically timed to coincide with the commencement of Australia’s peak wedding season and the lead-up to major exhibitions in Melbourne. This timing positions Flying Dresses International directly in front of brides and luxury travellers during their most active planning window.
As the brand continues its international expansion across the United States, the Pacific, and Asia, Flying Dresses International is redefining how luxury fashion is experienced, documented, and remembered.
About Flying Dresses International
Flying Dresses International is a global luxury fashion and tourism brand specialising in high-impact couture experiences across iconic destinations. Operating across Europe, Asia, Australia, and the United States, the brand is known for combining statement gowns, cinematic art direction, and landmark locations to create powerful visual narratives for women worldwide. Flying Dresses International has become a recognised name within experiential luxury, pageantry, and destination fashion.
Instagram: @flying.dresses
Media Contact
Organization: Flying Dresses International
Contact Person: Maria Praljak
Website: https://flyingdresses.international/
Email:
maria@flyingdresses.international
City: Melbourne
State: Victoria
Country:Australia
Release id:41093
The post Flying Dresses International Solidifies Global Presence, Setting a New Standard for Experiential Luxury on the World’s Most Iconic Stages appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Elysium and Spotex Launch Integrated Front-to-Back Digital Asset Trading Platform for Institutional Markets
- Elysium and Spotex Deliver Integrated Front-to-Back Digital Asset Trading Solution for the Institutional Market
- Decade-Long Partnership Expands from FX to Cryptocurrency with Live Deployment at Major Crypto Broker
Chicago, IL, 6th January 2026, ZEX PR WIRE, Elysium and Spotex today announce the integration of Spotex’s institutional trading platform with Elysium’s MatchHub post-trade infrastructure. The integrated solution delivers a seamless front-to-back workflow for digital asset trading and has been successfully deployed at an established cryptocurrency broker, enabling optimized execution, reconciliation, and settlement across multiple custodians and clearing venues.
The combined offering represents a natural evolution of the two firms’ decade-long collaboration in traditional OTC foreign exchange markets. As both companies expanded their capabilities to serve the growing institutional digital asset ecosystem, the integration creates a comprehensive solution for firms operating in both FX and cryptocurrency markets.
The platform leverages Spotex’s api-driven execution capabilities—including price discovery, matching engine, cross-asset liquidity aggregation, and fiat-crypto pair pricing—with MatchHub’s back-end infrastructure for trade reconciliation, counterparty credit management, and multi-party settlement optimization. This end-to-end solution addresses the nuanced challenges faced by institutional crypto brokers managing multi-custodial relationships and diverse clearing arrangements across both traditional and digital assets.
“The growth of the crypto OTC market is supported in part by quality off-chain liquidity.” said Chris O’Connor, CEO of Elysium. “Spotex’s execution capabilities enable brokers to create a deep and diverse liquidity stack and Elysium’s MatchHub solves the complexity of the post-trade workflows.
“Our long history with Elysium in FX markets made this integration a natural evolution,” said John Miesner, CEO of Spotex. “Deploying our proven execution capabilities in digital assets along-side Elysium’s robust post-trade capabilities delivers the same operational excellence that institutional clients expect from their FX trading operations.”
The live deployment at the cryptocurrency broker showcases the platform’s ability to handle high-volume institutional trading while maintaining rigorous reconciliation and settlement standards across traditional banking infrastructure and digital asset custodial relationships. The bundled solution is immediately available to all institutional digital asset trading firms seeking to streamline their liquidity and enhance operational efficiency.
About Elysium
Elysium’s flagship platform, MatchHub, is the post-trade engine trusted by makers, takers, brokers, and prime brokers in an ever-evolving digital asset market. MatchHub delivers real-time trade capture, netting, settlement, and integrated credit controls through a fully branded client portal. With a track record spanning traditional finance and a dedicated crypto focus since 2018, Elysium combines deep market knowledge with cutting-edge engineering to power the next generation of institutional digital-asset infrastructure. For more information, visit www.elysiumtechgroup.com
About Spotex
Spotex is a leading institutional liquidity and trade execution platform serving the FX and digital asset markets. The company provides sophisticated market participants with access to deep liquidity pools, advanced execution algorithms, and comprehensive market analytics. With a decade of proven performance in traditional FX markets, Spotex has expanded its platform to serve the growing institutional cryptocurrency market. For more information, visit www.spotex.com.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Elysium and Spotex Launch Integrated Front-to-Back Digital Asset Trading Platform for Institutional Markets
- Elysium and Spotex Deliver Integrated Front-to-Back Digital Asset Trading Solution for the Institutional Market
- Decade-Long Partnership Expands from FX to Cryptocurrency with Live Deployment at Major Crypto Broker
Chicago, IL, 6th January 2026, ZEX PR WIRE, Elysium and Spotex today announce the integration of Spotex’s institutional trading platform with Elysium’s MatchHub post-trade infrastructure. The integrated solution delivers a seamless front-to-back workflow for digital asset trading and has been successfully deployed at an established cryptocurrency broker, enabling optimized execution, reconciliation, and settlement across multiple custodians and clearing venues.
The combined offering represents a natural evolution of the two firms’ decade-long collaboration in traditional OTC foreign exchange markets. As both companies expanded their capabilities to serve the growing institutional digital asset ecosystem, the integration creates a comprehensive solution for firms operating in both FX and cryptocurrency markets.
The platform leverages Spotex’s api-driven execution capabilities—including price discovery, matching engine, cross-asset liquidity aggregation, and fiat-crypto pair pricing—with MatchHub’s back-end infrastructure for trade reconciliation, counterparty credit management, and multi-party settlement optimization. This end-to-end solution addresses the nuanced challenges faced by institutional crypto brokers managing multi-custodial relationships and diverse clearing arrangements across both traditional and digital assets.
“The growth of the crypto OTC market is supported in part by quality off-chain liquidity.” said Chris O’Connor, CEO of Elysium. “Spotex’s execution capabilities enable brokers to create a deep and diverse liquidity stack and Elysium’s MatchHub solves the complexity of the post-trade workflows.
“Our long history with Elysium in FX markets made this integration a natural evolution,” said John Miesner, CEO of Spotex. “Deploying our proven execution capabilities in digital assets along-side Elysium’s robust post-trade capabilities delivers the same operational excellence that institutional clients expect from their FX trading operations.”
The live deployment at the cryptocurrency broker showcases the platform’s ability to handle high-volume institutional trading while maintaining rigorous reconciliation and settlement standards across traditional banking infrastructure and digital asset custodial relationships. The bundled solution is immediately available to all institutional digital asset trading firms seeking to streamline their liquidity and enhance operational efficiency.
About Elysium
Elysium’s flagship platform, MatchHub, is the post-trade engine trusted by makers, takers, brokers, and prime brokers in an ever-evolving digital asset market. MatchHub delivers real-time trade capture, netting, settlement, and integrated credit controls through a fully branded client portal. With a track record spanning traditional finance and a dedicated crypto focus since 2018, Elysium combines deep market knowledge with cutting-edge engineering to power the next generation of institutional digital-asset infrastructure. For more information, visit www.elysiumtechgroup.com
About Spotex
Spotex is a leading institutional liquidity and trade execution platform serving the FX and digital asset markets. The company provides sophisticated market participants with access to deep liquidity pools, advanced execution algorithms, and comprehensive market analytics. With a decade of proven performance in traditional FX markets, Spotex has expanded its platform to serve the growing institutional cryptocurrency market. For more information, visit www.spotex.com.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
-
Press Release5 days ago
Five Global Megatrends Highlighted at Open Dialogue Expert Forum at the Russia National Centre
-
Press Release2 days ago
GISEC Global to Launch Cyber Diplomacy Forum in 2026 as Cybersecurity Moves Centre-Stage in Global Trade and Foreign Policy
-
Press Release1 week ago
CMS (867.HK/8A8.SG): Ruxolitinib Phosphate Cream Obtained China NDA Approval, Becoming The First and Only Targeted Drug for Vitiligo in China
-
Press Release1 week ago
Med Consumer Watch Study Identifies CoreAge Rx as High-Value Provider in GLP-1 Telehealth Sector
-
Press Release1 week ago
Roger Haenke Connects Healthcare and Faith in a Career Centered on Presence and Support
-
Press Release1 week ago
Cloudbet Academy Launches World Cup 2026 Betting Guide: Crypto Strategies and Tournament Insights
-
Press Release1 week ago
Gabriel Malkin Florida Completes 120-Mile Camino Walk with Focus, Patience, and Preparation
-
Press Release6 days ago
Broadway Polaroids Advocates for Authentic Access and Creative Preservation in Theatre
