Blockchain Insights — June 11th
Today, June 11th has been an eventful final day of the week in the decentralized world. Jumping right in here’s the quick rundown of what’s happening in Blockchain Today. Grab your coffee ☕️
Kicking things off we look towards the world of NFT or non-fungible tokens. The auction house, Sotheby’s sells a are CryptoPunk for $11.8 M from a private collection. This piece is a part of the auction house’s “Natively Digital” curated sale of non-fungible tokens, which featured 27 other pieces and a virtual gallery. A portion of their proceeds to programs that support the CryptoPunk community as well as COVID relief organizations around the world.
Earlier this week, Greg Abbott, the governor of Texas signed a bill that will help shape a framework for crypto & blockchain startups based in the state. Late Thursday, June 10th, the Texas Department of Banking gave state-chartered banks the go-ahead to begin the custody of crypto assets.
Decentralized Finance or DeFi is a core piece to the greater blockchain landscape. Working together in an effort dubbed, #DefiForAll, Polygon (formerly Matic Network) & 0x are jointing investing $10.5M in companies working to bring 1M, new users, to DeFi applications built between the two.
Michael Arrington, the founder of TechCrunch and Arrington XRP Capital has launched a new $100M venture fund focused on the Algorand ecosystem. This follows on the heels of Borderless Capital’s new $25M fund & accelerator program for Miami startups building for digital assets & payments on Algorand.
According to a recent Twitter exchange, Jack Dorsey has expressed a possibility of thinking to add the Lightning Labs⚡️️ network to Twitter and/or the BlueSky efforts in the future.
Kraken CEO, Jesse Powell is rethinking taking the company public following the recent efforts of its competitors. The company was considering going public via a direct listing in 2022.
Billionaire Alan Howard leads a $25-million extension funding raise in crypto services firm Copper.co & participates in a recent funding round for crypto investment platform Kikitrade.
Congrats to Stake Technologies, Karura, Sunder Finance, InstaDApp, BC Group/OSL all on recent funding 💸
Here’s a quick summary in less than six minutes on the above and more around the industry. Enjoy!
