Crypto Assets

crypto assets

Utility NFTs

Utility NFTs

This clip expresses some views about Utility NFTs. Utility NFTs extend the original ownership of digital art idea to providing some utility for an NFT. These are called uNFTs in this video.

The video also talks about ESG investments. The NFT can under this design monitor investments.

 

Sotheby’s Decentraland Gallery

“We see spaces like Decentraland as the next frontier for digital art where artists, collectors and viewers alike can engage with one another from anywhere in the world and showcase art that is fundamentally scarce and unique, but accessible to anyone for viewing. We are having fun exploring new facets of the digital art world through our collaboration with the Decentraland community.” Michael Bouhanna, Sotheby’s

Sotheby’s and NFTs

Sotheby’s has opened up a galley in virtual space with Metaverse to launch more NFTs.

The latest one is the collection of artworks co-curated with Robert Alice. 

This follows the pre-sale estimate of Quantum via Sotheby’s of 140K GBP.

During April this year, Sotheby’s has success with 17 million pounds raised with the sale of a NFT collection called “The Fungible” via Nifty Gateway.

Metaverse ETP is charted at Coinbase and described as Blockchain-as-a-Service.

 

Cathie Wood and 21Shares

Crypto ETPs

ETPs have existed for 30 years and a new asset class within crypto – the crypto ETP – is emerging.

Interest grew in this class when savvy investor Cathie Woods joined 21Shares.

21shares has 2 billion dollars under management (AUM).

Investment was also announced from Anthony Pompliano.

Cathie known as “Money Tree” in some circles has attracted more than 50 billion dollars of investment into Ark Invest.

“21Shares is forging a new path for crypto ETPs by leading with research and a keen understanding of this developing asset class.” Cathie Wood

 

Meme Coins & Market Caps

Top MEME Coins

  • DOGE
  • SHIB
  • Safemoon
  • HOGE

MEME Coins


Market Caps

A meme coin is a coin which seeks to copy Doge in popularity without providing any real coin value except a market value. Unlike utility tokens or security tokens which have set uses, the meme coin can only be traded. CMC now has a special category just for meme coins with Doge being the most famous – 42 billion dollars. 

These coins are today entering the decentralized exchanges via IDOs at a fast rate. The are listed especially in Pancakeswap

Meme coins are at the lower part of crypto currency reliability and are seen as joke investments. 

 

 

 

DBS & an STO

DBS – first STO on DDEx

The Development Bank of Singapore (DBS) had issued its first STO. This was done via its exchange called DDEx.

The DBS has revenues of 14.5 billion SGD (10.8 billion USD) and the DBS believes tokenization will enter the mainstream for securities.

DDEx launched in late 2020, and today holds 85 million SGD in digital assets (custody service).

CEO Piyush Gupta was cautious on crypto asset trade saying the bank would test the markets and “figure it out.”

 

 


“Our maiden STO listing on the DBS Digital Exchange is a significant milestone, as it highlights the strength of our digital asset ecosystem in facilitating new ways of unlocking value for issuers and investors.” Eng-Kwok Seat Moey, DBS 

 

Security Tokens & Addx

“Security tokens represent the next generation of electronic trading. They are stocks, bonds, funds, and other securities taking the form of tokens on a blockchain rather than physical certificates or some other form. Using blockchain technology as the foundation on which securities are built, managed, and traded yields important efficiencies, such as fractionalisation and reduced settlement times – from the market norm of two working days to instant.” The Payers

Addx

Security tokens are tokens which provide ownership and voting rights over a security. These tokens are different to the original utility tokens which allowed for a service to be used (eg travel, or viewing videos). 

Addx is a platform tokenizing bonds, securities, and hedge funds. It rebranded from iSTOX.

Addx has an app entitled “Your Entry to Private Markets Investment” on the Play Store with 100+ downloads; with 5 stars. 

The security token market has long been forecast with numerous predictions about tokenizing real-estate and many more assets to create liquidity in illiquid assets.

So far, security tokenization is still very small compared to the quadrillion dollar size of the securities market.

The Addx website shows logos from Bloomberg, CNBC and the WSJ.

 

 

Stablecoins and Banking Law

 

Stablecoins must face ‘difficult questions’.


BoE Warning

The FT reported on the BoE statement that stablecoins would be subject to stringent controls to underline the asset based currencies should be trustworthy.

The stablecoin market is led by dollar pegged coins, but recently a range of coins have been issued pegged to non-dollar values.

The BoE is in the process of considering issuing digital currency itself and this is a question of competitiveness in certain verticals using digital currency for payments. Stablecoins are privately issued and they are not regulated by the central banks. Therefore private companies are actually putting into the monetary system private currencies which are intended to replace central bank currencies. 

It is clear the central banks are threatened by these moves. To make stablecoins simply illegal is very hard as the market is global, and laws vary widely. The stablecoins may not a particular place which is the basis of the coin as these coins by their nature are distributed. 

This further oppens up the entire question of a new global stablecoin pegged to a basket of national coins which has been debated.