Hathor Network Revolutionizes DeFi with Nano Contracts and Brazilian Regulatory Nod

Bridging RWAs to DeFi: Blockchain Project Expands Services with Major Relaunch

The Hathor Network, a blockchain project focused on real-world assets (RWAs), is making significant strides in the decentralized finance (DeFi) space. With its recent relaunch featuring Nano Contracts, developers can now create secure and accessible decentralized applications more efficiently. This innovation aims to merge traditional financial systems with the digital economy by tokenizing diverse assets such as real estate and fine art. The platform's approval from Brazil’s securities regulator further solidifies its regulatory compliance, easing concerns about legal uncertainties.

Nano Contracts simplify smart contract development using Python, reducing technical barriers for businesses exploring tokenization or DeFi products. Currently in the testnet phase, this tool promises lower fees and faster transactions without compromising security. As part of their future plans, Hathor intends to introduce Ethereum Virtual Machine compatibility and other advanced features while maintaining feeless regular transactions on their network.

Blockchain Developer Market Becomes More Centralized Post-FTX

A report by Electric Capital reveals that the blockchain developer market has become increasingly centralized following FTX's collapse. While fewer new developers are entering the field due to increased complexity and market volatility, experienced developers have taken a larger share of work within the ecosystem. In November 2024 alone, active developer numbers dropped significantly compared to two years prior; however, established contributors grew substantially during this period.

This shift towards seasoned professionals highlights both maturation challenges faced across industries, alongside opportunities presented through mentorship programs aimed at fostering fresh talent into Web3 spaces. Initiatives like those from Consensys, designed specifically around improving accessibility via beginner-friendly tools and environments, are tailored toward recreating optimal web2 experiences seamlessly transitioning newcomers onto these platforms effectively over time, according to Francesco Andreolí, head of community engagement efforts on behalf of the organization, when recently discussing the findings contained in the aforementioned study conducted earlier this year. The end analysis results were subsequently published online, available to a worldwide audience, and interested parties, stakeholders, and individuals directly or indirectly related to the matters discussed.

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Article Summary

The Hathor Network is enhancing its DeFi capabilities by introducing Nano Contracts for easier decentralized app development and aims to integrate traditional finance with digital assets, while the blockchain developer market has become more centralized post-FTX collapse, highlighting a shift towards experienced professionals.