Author: dfmines

After many years of digital currency development, Japan’s largest bank MUFG has officially introduced its own stablecoin project.

Aperture, a cross-chain DeFi investment ecosystem, has successfully closed $5.3 million in seed and strategic round sale led by ParaFi Capital, Arrington Capital, Costanoa Ventures, and Divergence Ventures, followed by Rarestone Capital, Krypital Group, PrimeBlock Ventures, Athena Ventures, Metaline Ventures, Double Peak, Stakely Venture Capital, and more. Angel investors for Aperture include Do Kwon, founder and CEO of Terraform Labs. With a cross-chain marketplace for strategies and integrated bridge solutions, Aperture connects opportunities from various blockchain networks into one place and empowers investors with advanced strategies enabled by smart contracts. For end-users, retail & institutional alike, Aperture’s smart contracts provide enormous value by creating near one-click solutions to execute complex DeFi strategies that would have otherwise required hours of research & dozens of potentially stressful steps to execute, as many have the potential for permanent loss. Similar to the way Amazon has enabled consumers to one-click buy across continents without needing multiple currencies, Aperture aims to enable investors to zap into DeFi strategies across chains without needing multiple wallets or tokens. “As DeFi continues to grow in a multi-chain environment, we expect the number of yield strategies to grow exponentially. Aperture abstracts away the complexities around cross-chain yield strategies through a single interface and strategy marketplace. We believe this layer of the DeFi stack will be incredibly important for new users and institutions looking to use DeFi. We’re excited to support the Aperture team’s ambitious roadmap,” said Anjan Vinod, Vice President of ParaFi Capital. “The rise of the multi-chain landscape over the past year has come with vast opportunities for yield outside of Ethereum. Aperture bridges the chasm between chains, providing users with a simple-to-use interface for taking advantage of yield opportunities regardless of where they originate. Ultimately, we believe this is the future of how users interact with decentralized applications in general, abstracted away from the underlying protocol,” said Michael Arrington, Founder of TechCrunch and Arrington Capital. “On-chain investment opportunities have complexified 100x in the past year, as strategies now involve multiple chains, advanced financial derivatives, and head-to-head competition with professional trading firms. The Aperture team is building an industry-leading cross-chain strategy development platform for democratizing access to the best risk-quantified opportunities across all of crypto. We’re really excited for their launch and think users will find a ton of value in the product suite. The team is elite and has shown to be thoughtful, product-driven, and community-oriented. We’re proud and fortunate to support them,” said Calvin Liu, investor and former Strategy Lead at Compound. “Growing levels of activity and volume across a multitude of layer 1 and layer 2 networks is fragmenting the crypto markets, impeding developer and end-user experience. At Rarestone we are excited to be backing a rockstar team at Aperture on its mission to harmonize liquidity across various networks in one place and ultimately reduce technical barriers to entry for the next wave of institutional-grade market participants entering the space,” said Camron Miraftab, Founding Partner at Rarestone Capital. The private beta release, launching on 2/7/2022, will include a delta-neutral strategy on synthetic stock tokens. Users can now sign up for the waitlist on Aperture.Finance. Aperture plans on a V1 product launch in March, which will enable users from EVM-compatible chains to participate in opportunities from protocols in the Terra ecosystem. More details on the product launch and token generation event will be released in the coming weeks on the company’s official social media platforms.  

The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe the inclusion of NFTs in this reform brings validation to the asset class, but also that the application of this regulation presents […]

Concerns over stock market strength are far from universal as crypto correlation to U.S. equities fails to phase 3ac’s Zhu Su.

​ hey, im a 17 year old aspiring developer, and was wondering – what is the best ways to improve in the development scene for NFTs and the best ways to get in contact with creators who want to build a project? thankyou so much for any help submitted by /u/HeyMateWhat [link] …
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Preamble Some Core Developers started to think they are "overpaying" for security, and that there is a need to replace Proof of Work with a cheaper alternative. The truth is that they don't pay for anything. The rewards miners get the newly generated coins created by the chain, resulting in slight inflation on Ethereum. Inflation…
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A new partnership has emerged in the NFT world between global crypto exchange Binance and South Korean entertainment company YG. Let’s dive into both properties, and how they are striving for a more eco-friendly and sustainable framework for the future non-fungible token (NFT) collaborations.       Related Reading TA: Ethereum Holds Strong At $2.5K: Indicators Show Fresh Increase A Look At The Binance & YG K-pop Partnership In this new partnership, Binance will provide the executional assets around the NFT platform and surrounding technological infrastructure, while YG will supply NFT content and gaming assets. The two companies said that creating eco-friendly NFTs will be one of the primary focal points for future collaborations, with a goal of bringing K-pop stars to the metaverse. This week’s announcement states that the memorandum of understanding (MoU) will reportedly give Binance access to develop digital assets based on the intellectual property associated with these artists. BNB:The Binance chart can be found on Tradingview.com. | BNB:USDtradingview.com In a statement to the press, global head of Binance NFT Helen Hai said that the platform will be working “closely with YG to create an eco-friendly ecosystem for NFTs.” She added that the company believes “that it is important to promote the use of sustainable blockchain platforms.” YG CEO Bo Kyung Hwang shared Hai’s sentiment, adding that the companies hope to “steadily build an innovative and eco-friendly NFT ecosystem.” K-pop Meets NFT: Round 2 K-pop, short for Korean pop music, represents a large chunk of money in the Korean entertainment industry; roughly $4B is generated from this genre alone each year, making it one of the biggest in the world. YG manages a number of notable K-pop stars, including Blackpink, Big Bang and Winner. This isn’t the first time k-pop and NFT’s have met up; back in November of last year, Hybe, a Korea-based entertainment label, partnered with the largest cryptocurrency operator in South Korea, K, which hosts the popular cryptocurrency exchange Upbit. The two properties launched a joint venture that focused on creating and marketing NFTs, tied to Hybe’s roster of artists. Animoca Brands, a growing player in the NFT and play-to-earn space, also announced it would partner with Korean record label Cube Entertainment to build a “k-pop metaverse.” YG has its hands full with some of k-pop’s biggest stars, so this won’t be hard for the fans to find nor follow, as k-pop has some of the most die hard fans. It’s only a matter of time before both worlds collide, and the k-pop industry taps into the new NFT gold rush. While some k-pop integrations have had luke-warm reception, it’s hardcore and loyal audience seems ripe for NFT adoption if audio-based NFTs and music-first metaverse plays are truly hear to stay. Only time will tell if this latest deal will have staying power in the market. Related Reading Why Bitcoin Could Hit $90K By The End Of 2022, According To This Prediction  

Ricardo Salinas Pliego, president of the Salinas Group, owner of the Elektra Group stores, hinted at the possibility of the shops selling bitcoin. The executive stated that due to the regulations of the Central Bank of Mexico, his company cannot implement cryptocurrency integration in the Azteca Bank app. However, he did point out that Elektra […]

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