On March 30, Gumi Cryptos Capital (GCC), announced the blockchain-focused venture capital firm’s second fund that will invest $110 million in early-stage blockchain startups. The second fund follows GCC’s initial $21 million fund that backed seed stage founders. Gumi Cryptos Capital Reveals Fund II — Firm Will Invest $110 Million Into early-Stage Blockchain Startups The […]
One of the biggest criticisms of web3 today is that most products are not built for a use case, or do not have a mechanism to listen to user feedback. Users post their feedback on Discord communities and Twitter but any meaningful input gets lost in the noise. This leads to frustration among users like…
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PRESS RELEASE. Yield App, one of the rising and most trusted digital wealth platforms, recently underwent a thorough ‘proof of reserves’ audit. The inspection was conducted by Armanino LLC, the firm responsible for auditing Kraken – one of the largest and most trusted cryptocurrency exchanges in the world. Yield App passed the audit with flying […]
The new age of wealth gave way to many new things in the world today. If we look at the luxury industry, watches are hard to get, cars are hard to buy. The world is currently experiencing a new wave of people that are attempting to buy things that money could not buy before. This article will explore some case studies in which NFTs allow for the purchasing of things that money could not buy before like BAYC, Crypto Punks, and now new projects like High Sloth Society, and more. The Current Wave of Demand and the Luxury Industries With the new age of wealth, naturally, the luxury markets have enjoyed a great boom when it comes to the demand over the sectors. Rolexes are becoming impossible to buy, cars are low in supply, even luxury real estate has inflated in prices over the past 2 years since the pandemic. The rich are becoming less interested in what money can buy, now they want what money can’t buy. Now, the world is seeing a revolution taking place currently with the rise of the NFT industry to satisfy that urge. The Bored Apes One of the most successful NFT projects in the sector right now is the Bored Ape Yacht Club NFTs. They are selling for millions of dollars regularly, with the cheapest ones currently on sale right now for over 100 ETH (which is over $300,000 at the time of this article). One of the biggest reasons for this insane pricing is because the Bored Ape Yacht Club gives a sense of membership to an exclusive club. Eminem, Rihanna, and many other A-list celebrities and notable people are all part of the club. In essence, to be considered as part of the same group, you need to own a bored ape NFT. This is something that did not exist before. But now it does, through the use case of NFT technology. NFTs, and the evolution of their reach Given the case study of the Bored Apes, now we are seeing new reaches in the space. The High Sloth Society project is a new way for people to buy something that could not be bought before. In Korea, Funds pour into Dao to buy Korean national treasures, there was an ancient artifact that went on sale. Through a company called Crayon DAO, 900 ETH was raised to purchase the artifact of the museum that was on the brink of bankruptcy. Now, this artifact is in the hands of the crypto crowd. Giving notable people the exclusive opportunity to be part of the ownership of this artifact. Enter the High Sloth Society, where you could buy this NFT soon and own a piece of a sacred portable temple. This is an NFT PFP collection that would bridge the sacred artifact and the crypto space to real ownership. This is the chance for people to participate in the preservation and ownership of something that comes from the upper echelon of collecting, and heritage. This is a perfect example of something that people could not buy before. An ancient artifact, protected by the gates of a museum, is now brought and offered to the world via NFTs as a vessel of the rightful ownership of a sacred temple. Website: https://www.highslothsociety.com/
The northwest pacific state’s governor has finally passed a bill into law to form a working group to explore the opportunities for industry and commerce to benefit from blockchain.
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According to a recent survey from Arcane Research, the number of Norwegian women that own cryptocurrency has doubled from 3% to 6% in just one year.
Are fees on eth just all around insane rn? I have a few bucks in a few different wallets that I am trying to consolidate. $8 bucks here, $14 there, etc. In my Coinbase wallet it’s telling the transaction would cost like $30 bucks…. Are these coins pretty much stuck until eth fixes their shit…
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CME Group, one of the world’s largest derivatives marketplaces, has launched micro-sized bitcoin and ether options. “The launch of these micro-sized options builds on the significant growth and liquidity we have seen in our micro bitcoin and micro ether futures,” said a CME executive. CME Now Offers Micro Bitcoin, Ether Options CME Group announced Monday […]
