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🚀 Coinbase is building their base of coins ... 👀
| Wishing you a wondrous weekend, Geckos!
In an August 20 tweet, Coinbase CEO Brian Armstrong stated that the firm's board of directors had approved adding $500 million in crypto to the balance sheet, adding that the company also aims to invest 10% of all revenues produced into digital assets in the future.
Coinbase announced the move in a blog post the same day, claiming that it will establish the exchange as the first publicly listed firm to hold Ethereum (ETH), DeFi tokens, and Proof-of-Stake assets on its balance sheet.
The statement adds that the company's future investments may be influenced by its customers' holdings, implying that if users make substantial custodial deposits of a cryptocurrency, Coinbase may add the asset to its balance sheet.
In today's news, Deviantart partnered with Opensea to detect NFT piracy, Kusama to launch the next five parachain auctions, and Fractional.art received $7.9 million seed funding.
Read on! | | |
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People have been likening the past few weeks to 2020's DeFi Summer; except this time, Non-Fungible Tokens (NFTs) are the new hot thang.
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Meetup #15 is all about the Terra Ecosystem!
We'll be talking about how DeFi has led to a need for a decentralized stablecoin that is capable of scaling and how this Tendermint-based blockchain is maintaining a steady value for UST and its derivatives. Join us for a thrilling conversation with Do Kwon (Co-founder and CEO of Terraform Labs), Vol Pigrukh (Core contributor at Orion Money), and Jose Maria Macedo (Partner at Delphi Digital) this 26th August at 9AM EST. We're also throwing an AfterParty in collaboration with DAOrecords! This time we've got DR Datamosh, DJ SxO, and alongside DJ SpazeCraft to play us some music, so join the fun and vibe with us!
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| | The Old Guard Deviantart, a leading online art gallery with over 65 million registered artists and half a billion digital artworks, has announced a partnership with Opensea to detect NFT infringement. The company claims that they have widened the scope of their system to scan public blockchain events that involve standard NFT types (ERC721 and ERC1155) to find identical minted NFTs across the Internet. According to the team, 86% of the infringement cases discovered were successfully verified as matches following the first two months of the test launch. Bitcoin.com | | Kusama Continues Its Mission Kusama (KSM), Polkadot's (DOT) "canary network" that allows developers to test their blockchain code, will launch its next five parachain auctions in the coming weeks. Kusama can provide developers with a less strict governance structure and lower staking requirements than they would on Polkadot due to the trial-and-error nature of the platform. Parachain auctions on Kusama would adopt a unique historical method of auction analysis known as the candle method, where users will bid within a specific auction period by staking their Kusama tokens for their favoured project. Cointelegraph | | Fractional Finds Funding The Fractional Token Company, commonly known as Fractional.art or Fractional, has received a total seed funding of $7.9 million. Paradigm has led the funding round, along with investors including Robot Ventures, Divergence Ventures, Flamingo DAO, Variant Fund, and Delphi Ventures. Fractional COO Shant Marootian told The Block that the cash would be used to grow the company's team, notably in the smart contract and front-end development areas. TheBlockCrypto |
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Parallel Masterpiece // Alpha // Eye of GalliGallery: Parallel
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