Autor Cointelegraph By Griffin Shenkel

eToro rolls out smart portfolios for new metaverse investors

eToro rolls out smart portfolios for new metaverse investors

Uverejnil používateľ | jan 11, 2022 |

Brokerage firm eToro introduced MetaverseLife, a new smart portfolio covering stocks and crypto-assets from within the growing metaverse industry, on Tuesday. The company stated that its goal is to offer a diverse range of investments made for long-term exposure. Currently included in the portfolio are Meta Platforms, the new parent company behind Facebook, Roblox and other blockchain-based metaverse developments like Decentraland, The Sandbox and Enjin. There are also a few companies listed in this portfolio that aren’t exclusively blockchain-based but have still contributed to metaverse adoption and development. These include tech firms like Microsoft, Amazon and Nvidia.Dani Brinker, head of investment portfolios at eToro, stated “when evaluating the investment opportunity of emerging industries, diversification is key as not everyone involved will be a winner.” As the metaverse industry continues to grow, he suggested that there was value in creating a central portfolio to lower the barrier to entry for investors. Brinker explained:“By packaging up a selection of assets in a portfolio, we’re doing the heavy lifting and enabling our customers to gain exposure to the metaverse and spread the risk across a variety of assets.”According to Bloomberg’s analytics, the metaverse could become an $800 billion market by 2024. The company said that it is putting a majority of its resources into developing assets that will be used to support investors’ interests in these projects. So far, these resources have gone towards listing The Sandbox (SAND) as an asset on the platform as well as plans for future land purchases. Tomer Niv, the director of Global Crypto Solutions at eToro, said:“eToro is a crypto pioneer with an established track record of embracing new technologies for the benefit of retail investors. We are excited by the opportunities offered by the metaverse.”

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Binance sponsors AFCON to further develop crypto adoption in Africa

Binance sponsors AFCON to further develop crypto adoption in Africa

Uverejnil používateľ | jan 10, 2022 |

Monday marked the start of the TotalEnergies Africa Cup of Nations tournament — the largest men’s football championship series in Africa. At the same time, Binance announced its official partnership with the Confederation of African Football as well as its official sponsorship for the AFCON 2021 tournament, becoming the first crypto and blockchain sponsor for the event.Through this sponsorship, Binance will also be promoting CAF’s social media content which will include the Assist of the Day, Assist of the Week and Assist of the Tournament. This content will cover games from five cities in Cameroon across all six venues. Veron Mosengo-Omba, the General Secretary for the CAF, was “delighted to welcome Binance as an official sponsor of the AFCON tournament this year.” Mosengo-Omba said that he is optimistic that this partnership will “push African football to a new level.”AFCON 2021 marks the start of the African sports calendar and will continue until Feb 6.Binance’s partnership with CAF is a part of an ongoing campaign to provide financial services to Africans who they say would normally have very limited access to banks and other financial institutions. So far, Binance says it has already given over 541,000 Africans access to free classes on crypto. Binance Director for Africa Emmanuel Babalola stated: “Football is the most popular sport in Africa.” He said that they hope this sponsorship will further “corroborate our mission to take crypto mainstream across the continent.”

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Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund

Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund

Uverejnil používateľ | jan 6, 2022 |

The Human Rights Foundation announced on Tuesday that it intends to distribute 425 million satoshis — the smallest divisible unit of a Bitcoin — to various contributors as a part of its ongoing Bitcoin Development Fund.Launched in May 2020, the Bitcoin Development Fund is primarily focused on improving the Bitcoin network’s privacy, usability and security. The Foundation said that it will focus this particular round of grants on expanding Bitcoin education and translation as well as Bitcoin core, lightning and wallet development.According to the organization’s press release, it will divide these grants between a number of recipients, including developers Jarol Rodriguez, Farida Nabourema, Roya Mahboob, Anita Posch and Meron Estefanos. Several projects will also receive a grant from the Foundation, including the Sparrow Bitcoin Wallet, Boltz Exchange, the Summer of Bitcoin internship program, Blockchain translation team Exonumia, and the Blockchain Commons development group.The Foundation also noted that it had given special thanks to CMS holdings, the Gemini Opportunity Fund and Jameson Lopp for their contributions.Back in Jan 2021, the Human Rights Foundation made headlines when it urged Time magazine readers not to demonize Bitcoin and other cryptocurrencies. At the time, the Foundation’s chief strategy officer Alex Gladstein said:“Bitcoin is neutral like cash, and can’t discriminate between good and bad […] Some extremists use these tools. They also use mobile phones, email and the internet.”The exec went on to warn that turning away from burgeoning financial tools like Bitcoin could lead to a bigger police state in the U.S. fueled by “mass surveillance to fight extremism.”

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Dapper Labs becomes the first NFT company to register to lobby with the US government

Dapper Labs becomes the first NFT company to register to lobby with the US government

Uverejnil používateľ | jan 6, 2022 |

Based in Vancouver, Dapper Labs offers a variety of nonfungible token (NFT)-based products and DApps. These include games like CryptoKitties, where players can breed and raise NFT kittens, and Cheeze Wizards, a tournament series where collectible characters can duel each other. Additionally, Dapper Labs is partnered with the NBA and is responsible for Top Shot, an NFT marketplace that sells highlights from basketball games. The UFC has also partnered with Dapper Labs to offer a similar service in the near future. According to the announcement, Dapper Labs has recruited Crossroads Strategies as their lobbying firm. The company reported that it would lobby for “Policy related to NFTs, blockchain and financial services.” Aside from recruiting a lobbying firm, Dapper Labs also recruited Alison Kutler as its new head of government affairs back in November 2021. Kutler is the former chief of the Consumer and Governmental Affairs Bureau and special advisor to the chairman of the FCC from June 2015 to Apr 2017.Kutler has also since registered to lobby on behalf of Dapper Labs, according to public disclosures posted the day after Dapper Labs’ official registration on Tuesday, January 4, 2022.Dapper Labs didn’t reveal much in terms of its intentions but did say that it wants to promote “education and mainstream adoption of Web3,” according to their spokesperson Rachel Rogers.With NFTs becoming more involved in mainstream culture, lobbyists are optimistic about future policies. Regardless, both lobbyists and policymakers alike will have to continue grappling with the implications of blockchain technology on future regulations.Through a public disclosure on Jan. 3, 2022, Dapper Labs became the first NFT company to federally register to lobby with the U.S. government. This is currently playing out as multiple names from within the crypto industry are stepping onto the floors of Congress to explain the new technology and, hopefully, influence new policies. 

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Cion Digital secures funds to expand blockchain orchestration platform

Cion Digital secures funds to expand blockchain orchestration platform

Uverejnil používateľ | jan 4, 2022 |

Cion Digital, a developer for an enterprise SaaS blockchain orchestration platform, announced on Tuesday that it had closed out its recent seed funding round at $12 million. The round was overseen by Green Visor Capital and 645 Ventures who have since joined Cion Digital’s board of directors. Additionally, Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft and Ulu Ventures were also participants. Following the raise, the company said that it intends to allocate these funds toward its new resource and development center in Pune, India in an effort to further expand the project’s payment infrastructure. There, the team hopes to roll out new methods of cryptocurrency adoption for traditional financial services as a part of their current orchestration platform. Additionally, this funding will be used to push new standards in regards to interoperability.According to Cion Digital’s co-founder Snehal Fulzele, its business model will consist of a fixed, monthly platform fee on top of a transaction fee that scales with the number of digital assets being processed. Cion Digital said it hopes to use these expanded features to reach a wider, more diverse pool of clients. These expanded features include a fintech lending protocol, which provides an easy way for patrons to invest in crypto as well as allowing customers to take out fiat loans using crypto as collateral, and a protocol for vehicle dealing that is able to create a crypto-financing plan aimed at younger consumers.

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