Tag: Digital

Pension Fund-Backed Parataxis Digital Yield Fund Targets $500M in Assets in 2023

Parataxis, which currently has about $116 million in assets under management, primarily focuses on institutional investors such as banks, family offices and pension endowments. The market-neutral Parataxis Digital Yield Fund made headlines in August when Fairfax County, Virginia’s, $6.8 billion pension fund, the Fairfax County Retirement Systems, said it would invest $35 million in the yield farming fund. Fairfax, one of the first U.S. pensions to invest in crypto, made a two-part bet on yield farming, a term that refers to any effort to generate the most returns possible on…

Creadores de NFTs basados en Ethereum recibieron más de US$1800M en regalías, según Galaxy Digital

Según datos de Dune citados en el informe, Nike, que adquirió la startup de coleccionables digitales RTFKT, obtuvo US$91,6 millones en regalías NFT consolidadas. Otras marcas del mundo real, como Gucci, Adidas, Nickelodeon, McLaren y otras, también integraron exitosamente NFTs en sus modelos de negocio y han ganado dinero de las regalías, aunque la proporción es mucho menor si es comparada con los creadores de regalías de las mejores entidades Web3, como Art Blocks, The Sandbox, Doodles, World of Women y muchas otras. Source

Over $1.8B in Royalties Have Been Paid Out to Ethereum-Based NFT Creators: Galaxy Digital

According to data from Dune Analytics cited in the report, Nike, which acquired digital collectibles startup RTFKT, made $91.6 million in consolidated NFT royalties in comparison. Other real-world brands including Gucci, Adidas, Nickelodeon, McLaren that have successfully integrated NFTs into their business models have made some money off NFT royalties, though the number is far lower when compared with the creator royalties of top Web3-native entities such as Art Blocks, The Sandbox, Doodles, World of Women and more. Source

JPMorgan Hires Former Executive of Bankrupt Crypto Firm as Head of Digital Assets Regulatory Policy – Featured Bitcoin News

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JPMorgan Chase & Co. has hired bankrupt crypto lender Celsius Network’s former head of policy and regulatory affairs as its new head of digital assets regulatory policy. The move followed JPMorgan CEO Jamie Dimon telling U.S. Congress that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.” JPMorgan Chase Hires Head of Digital Assets Regulatory Policy JPMorgan Chase & Co. has hired a new head of digital assets regulatory policy who previously worked at the bankrupt crypto firm Celsius Network, Bloomberg reported Wednesday, noting that a JPMorgan spokeswoman has confirmed the…

Brazil’s Nubank Set To Launch Digital Currency On Polygon Blockchain

Nubank, a fintech bank based in Brazil, has announced it’s set to launch its own digital token called Nucoin which will be available by the first half of 2023. According to the announcement, Nucoin will be used in the bank’s plans as part of its loyalty program to offer customers discounts and benefits. Nucoin will be built on the Polygon blockchain.‘’The idea is to use the technology and technical support of the Polygon network to develop and expand the digital currency,’’ said Nubank in the announcement. Sandeep Nailwal, the co-founder…

Bank of England Must Consider Private Stablecoins in Developing Digital Pound, Lobbyist Says

There’s a “question whether we could apply a competition objective to the Bank of England, when we think about things like central bank digital currency and how that’s implemented,” Jackson, who is the director of policy at Innovate Finance, told lawmakers on the committee. He added that the CBDC “could crowd out innovation and stablecoins unless it’s designed in a way that promotes competition.” Source

‘The social benefits are huge’ — Web3 gaming to shift digital ownership

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There is no substitute for experience. Even when an experience can feel regrettable, like getting your brother’s Runescape account banned. Robbie Ferguson grew up as an avid gamer, accumulating thousands of hours playing his favorite games. One fateful day, he logged into Runescape and set in motion a series of events that would forever change his view on digital ownership and the world of Web3 gaming: “I logged into my brother’s Runescape account which we shared and went into the wilderness and lost all his Red Dragon Armor. The next…

Brazil’s Largest Digital Lender Nubank to Roll Out Own Token to 70M Users in 2023

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