Is OpenSea platform for NFT dying? Boom New Metaverse ETF could soon hit the US Markets and much more..
Good Morning FinTech, 28 January
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Here is a quick look for the overall markets today, Crypto is still taking the hit however Equity markets are back in green:-
OpenSea Update Leaves Some Creators Unable to Mint New NFTs
The leading Ethereum NFT marketplace has clamped down on its own minting contract, frustrating and angering creators in the space.
Top NFT marketplace OpenSea has limited the number of NFTs that each creator can mint using its own smart contract.
NFT creators have spoken out about the decision, which not only limits new collections that use the contract but also existing ones on the platform.
Later this change has been reversed back which is explained in the following tweet
DeFi protocol Wonderland is allegedly run by QuadrigaCX co-founder
Dhanani, now known as Michael Patryn
Avalanche-based DeFi protocol Wonderland was allegedly co-founded by QuadrigaCX co-founder Michael Patryn.
0xSifu, co-founder and CFO of an Avalanche based fork of OlympusDAO called Wonderland, has been outed as a co-founder of the notorious Canadian crypto exchange QuadrigaCX. The exchange was Labeled a “ponzi scheme” by the Ontario Securities Commission in 2020.
Values of related DeFi tokens have tumbled since revelation
Patryn reportedly has had several criminal convictions in the past.
The vote to remove 0xSifu / Patryn as the treasury manager of Wonderland has opened. It ends on January 29. Sestagalli told that 0xSifu / Patryn has “returned all funds to multisign” and “0 money is lost.” 0xSifu / Patryn posted in Wonderland’s Discord channel: “I fully expect this vote to not pass” and that he is “very heartbroken” to be leaving Wonderland.
New Metaverse ETF Hits US Market
Subversive Capital’s PUNK shorts Meta, formerly known as Facebook
Firm wants metaverse industry to develop without getting “Zucked-up,” Subversive Capital portfolio manager says
Meta Platforms is the top holding in Roundhill Investments’ metaverse ETF, which has $822 million assets under management
The actively managed Subversive Metaverse ETF (PUNK), set to begin trading on the Cboe BZX Exchange Thursday, invests in companies worldwide that support the infrastructure and applications of the metaverse. In a twist, the ETF intends to short Meta Platforms, the company formerly known as Facebook.
Crypto Exchange Apifiny to Go Public Via $530M SPAC
The digital asset trading platform plans to list on Nasdaq after the merge
Apifiny has entered a $530 million agreement with Abri SPAC I to become a publicly traded company on the Nasdaq.
The deal is expected to close in the third quarter of 2022
Apifiny has partnered with over 20 of the top 100 crypto exchanges by trading volume including Huobi Global, OKEx, Kucoin, OKCoin and Blockchain.com
“We aim to build a truly global digital asset trading network,” Haohan Xu, CEO of Apifiny “Going public is just the beginning of the journey.”
Apifiny sees going public as a means to accelerate growth, become fully regulated and acquire customers more quickly Erez Simha, the company’s president and CFO, told
McDonald's, Elon Musk Twitter Exchange Send 'Grimacecoin' Cryptocurrencies Flying
Following a Twitter interaction between Tesla and SpaceX CEO Elon Musk and McDonald’s, several Grimace-themed cryptocurrencies skyrocketed in price.
On Tuesday, Tesla CEO and long-time Dogecoin fan Elon Musk tweeted at McDonald’s in an attempt to get the fast-food chain to accept DOGE as payment. McDonald’s responded by saying that it would only make the change if Tesla also accepted a then-non-existent currency called “Grimacecoin.”
Dex Screener, a tool that monitors token activity on different decentralized exchanges, revealed that some variety of this token was trading.
YouTube Post of the Week
This is one of the videos that i have created earlier for creating Dashboards in Excel, take a look :)
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Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.