Autor Cointelegraph By Zhiyuan Sun

Blockchain cloud infrastructure company W3BCloud to go public via $1.25B SPAC

On Monday, W3BCloud, a firm building global data centers for the Web3 and blockchain sectors, announced that it was going public via a takeover by special purpose acquisition vehicle (SPAC) Social Leverage Acquisition Corp I. ‍Social Leverage Acquisition Corp I is listed on the New York Stock Exchange, has $345 million in trust and has received commitments from AMD, ConsenSys, SK Inc., and others for an additional $50 million in new investments. The combined transaction will value W3BCloud at $1.25 billion. Last year, W3BCloud’s seven data centers, all of which are located in the United States, generated $40 million in sales, with 85% operating on renewable energy. Joseph Lubin, the founder of ConsenSys and co-founder of Ethereum, currently serves on W3BCloud’s board of directors. The firm is tailored to th storage, staking, and computing infrastructure in anticipation of a Web3 boom, projecting 685% growth in its revenue in 2023 compared with 2021.Related: Decentralized storage providers power the Web3 economy, but adoption still underwayW3BCloud targets decentralized finance, nonfungible tokens and Metaverse projects, as well as tech firms seeking to enter the blockchain space as its core clients. Crypto projects such as Ethereum, Solana, Alchemy, Filecoin, Lido Finance and others all use its data center services. Historically, its decentralized computing and bandwidth segment has generated most of its revenue. Regarding the development, W3BCloud CEO Sami Issa said:”This transaction allows us to expand our support to Web3 developers and scale with the Web3 economy’s anticipated significant growth.”

Čítaj viac

CryptoPunks' trading volume surges 1,847% after Tiffany & Co. launches exclusive NFT collection

On Monday, the trading volume of CryptoPunks, one of the sector’s most popular nonfungible token (NFT) collections, surged by 1,847% over 24 hours. Over 1,226.68 Ether (ETH) worth of Punk NFTs was traded during that time. The surge in interest appears to be tied to luxury jewelry retailer Tiffany & Co. launching its own NFT collection with a special perk for Punk holders.Dubbed “NFTiffs,” the collection consists of 250 digital passes. Anyone can purchase NFTiffs, which are minted on the Ethereum blockchain. However, CryptoPunk holders can redeem the NFT for a customized-jewelry experience. After purchase, Punk holders can elect to receive a custom-designed pendant and an NFT digital artwork that resembles the final jewelry design. These are crafted by the company’s in-house artisans and inspired by the Punks NFT collection.Depending on the color palette of the Punk NFT, Tiffany will create pendants using at least 30 gemstones such as sapphires, amethyst, spinel, and diamonds with its frame in 18 karats rose or yellow gold. Buyers will receive a render of their piece by October, with anticipated physical delivery in 2023.Related: NFT Clone Punks: Right or Wrong? Each NFTiff will cost 30 Ether, which covers the cost of the NFT, custom pendant and chain, as well as shipping and handling. There is a limit of three passes per customer, with the sale commencing on Aug. 5 at 10:00 AM ET and a redemption deadline of Aug. 12 at 9:00 PM ET. At the time of publication, CryptoPunks have a floor price of 74.75 ETH, meaning that jewelry enthusiasts must pay around $125,000 for a Punk NFT on top of 30 ETH for an NFTiff if they wish to participate in the custom jewelry experience.

Čítaj viac

After weeks of rumors, Thai crypto exchange Zipmex files for bankruptcy in Singapore

In a document dated Wednesday, July 27, Thai cryptocurrency exchange Zipmex said that its solicitors in Singapore, Morgan Lewis Stamford LLC, filed five applications under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 on behalf of the company. The announcement came just one week after its CEO and co-founder Marcus Lim publicly denied the firm was facing financial troubles. Rumors have been circulating in the past month that the cryptocurrency exchange was insolvent after a proposed acquisition by Coinbase fell through. Additionally, Zipmex already filed for bankruptcy last Friday but did not disclose the act until Wednesday. All of its subsidiary entities, consisting of Zipmex Asia Pte Lt, Zipmex Pte Ltd, Zipmex Company Limited, PT Zipmex Exchange Indonesia and Zipmex Australia Pty Ltd, were included in the filing. Furthermore, Zipmex says that a case conference regarding the bankruptcy filing has been scheduled for 4 pm UTC Friday and that creditors had just until the deadline of 10 am Thursday to inform solicitors that they wished to attend.It appears that Zipmex’s fortunes took a turn for the worst after the collapse of Hong Kong-based crypto lender Babel Finance. As told by Zipmex: “The moratoriums would give the Zipmex Group the breathing space and time it requires to explore options to resolve the liquidity situation (including to pursue the recovery against Babel Finance), and to formulate a restructuring plan and secure additional investment to secure the Zipmex Group’s operations moving forward.”Zipmex claims that it’s in the advanced stages of securing new investments to relive its liquidity crisis. Currently, Thailand’s Securities and Exchange Commission is asking affected investors to register complaints against the firm on its official site. 

Čítaj viac

Tron producer Donald Kushner creates Web3-inspired Cryptosaurs NFT collection

It’s been 40 years since the classic sci-fi adventure film Tron hit movie screens around the world. Produced by Donald Kushner and released by Walt Disney Productions, its highly original futuresque concept made history by revolutionizing the use of computer animation in film while introducing audiences to one of the earliest interpretations of a digital metaverse.Reflecting on the movie’s success, Donald Kushner sat down with Cointelegraph reporter Sean Moore to discuss the success of the film, his new nonfungible token project Cryptosaurs and his thoughts on the future of the metaverse.Cointelegraph: How do current metaverse implementations compare to what you may have envisioned during the creation of the original Tron film?Donald Kushner: This is exactly what we envisioned — that the personal computer would overtake that of the mainframe computer. Games and intellectual property would become engines of wealth in a global creator community, and we’d see a battle between centralized and decentralized control of intellectual property, between an ownership economy and a creator economy. But Kushner has also kept himself up-to-date on navigating the next wave of the digital revolution. “My colleague Mike Bonifer and I invested in crypto in 2018 as a learning experiment. It was his idea. Mike is a quantum storyteller who began as the publicist on Tron and wrote the book The Art of Tron.”As told by Kushner, Bonifer believed that films and streaming content could be financed by crypto and “pre-collectible NFTs.” So in 2021, Kushner and Bonifer, along with industry veteran John Scheele, came together to form Gumbotron — a Web3 studio dedicated to Metaverse storytelling.The firm’s newest NFT project Cryptosaurs, developed in conjunction with Forj and Animoca Brands, features collectible digital dinosaur NFT characters, starting with an egg drop in Fall 2022. Each egg is a mystery box containing a line of code. A “gene randomizer” determines a sequence of “freeze-or-hatch” events in early 2023, in which holders of the eggs will be awarded a particular species of Cryptosaur with different uses in the Metaverse. The production team’s goal is for holders of the Cryptosaur characters to eventually showcase their NFTs in play-to-earn games, fine art, feature films, virtual reality exhibits, as Metaverse avatars and in other forms of media.The idea for Cryptosaurs came from the childhood experiences of co-founder John Scheele, who also worked on Tron as a visual effects artist. Scheele’s father was the director of the Cleveland Museum of Natural History for 40 years, and family vacations consisted of dinosaur digs. And so, fellow co-founder Mike Bonifer pointed out: “If we can get John to recall the wonder he had as a child on those dino digs, we will have a story.” Tying it all back to the cyber world envisioned through Tron, Kushner says that the film’s influential legacy can still be seen in many areas of the gaming and entertainment space:”It’s not a coincidence that Hal Finney [the first recipient of Bitcoin and one of the alleged creators of the digital asset itself] worked on Tron’s Atari game. Yat Siu, the founder of Animoca and a big Tron fan, also worked at Atari when he was 13. And then there are people like William Gibson, who pioneered the cyberpunk genre in science fiction. He was also influenced by Tron.”

Čítaj viac

NFT domains platform Unstoppable raises $65M Series A at $1B valuation

On Wednesday, nonfungible token (NFT) domains platform Unstoppable Domains announced that it closed a $65 million Series A funding round at a valuation of $1 billion. Notable investors in the deal include Pantera Capital, Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, We3 syndicate, Rainfall Capital, Broadhaven, EI Ventures, Hardyaka, Sound Media Ventures, Boost VC and Draper Associates. Unstoppable said it will use the fresh capital to fuel product innovation and grow partnerships in the Web3 space.Unstoppable Domains offers NFT domains, which are suites of smart contracts live on a public blockchain that give users control of their stored data. NFT domains enable users to send or receive crypto and interact with decentralized applications in lieu of their wallet addresses. A one-time, upfront fee is needed to unlock one’s domain for life, with no further renewal payments required.Since its inception in 2018, Unstoppable has registered 2.5 million domains integrated with over 150 Web3 applications and more than 80 wallets and exchanges. The company claims to have built more than 300 partnerships with leading Web3 companies like Polygon, Blockchain.com, and MoonPay. The firm generated nearly $80 million in sales over the past three years.Related: Circle and Unstoppable Domains to introduce username-based USDC paymentsUnstoppable Domains founder and CEO Matthew Gould likened NFT domains to the growth the digital economy. “As the digital economy becomes a larger part of our lives, it’s time for people to own their identity on the internet,” he said, adding:”We’re thrilled to partner with Pantera and other investors who share our vision of onboarding billions of people onto Web 3.0 through NFT domains that unlock user-owned, private, and portable identities.”

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy