Blockchain Bites: Coinbase’s Card, Avanti’s Approval, FTX’s Fractional Stocks
Meanwhile, The Graph's $12 million raise is one in a line of many public token sales this year.
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According to reports, the e-commerce giant Amazon has recently invested in a fractional sports trading card marketplace called Dibbs. The platform, built on top of the Wax blockchain, allows users to purchase and sell fractions of collectible trading cards. Reports further add that the financial terms of Amazon’s backing of Dibbs have not been disclosed. Reports Disclose Amazon Has Entered the Digital Collectibles Space Non-fungible token (NFT) assets and digital collectibles have been gathering a lot of steam in 2021 and it seems that everyone wants a piece of the billion-dollar....
The acquisition will reportedly allow Uphold to launch fractional equities in the United States in 2021. Cryptocurrency wallet and trading platform Uphold has received regulatory approval to purchase JNK Securities, a U.S. broker-dealer.In an announcement from Uphold today, the U.S. Financial Industry Regulatory Authority, or FINRA, gave the firm the green light to acquire JNK Securities. Uphold said the acquisition is aimed at allowing the platform to launch fractional equities in the United States later this year in addition to providing an interface for users to trade between crypto,....
Also: Grayscale reports an a rise in participation from pensions while Ripple's Garlinghouse reveals he attempted to settle charges with the SEC ahead of its XRP suit.
Estonia will research the viability of blockchain-based digital currency, the SEC is open to the idea of a tokenized ETF and Coinbase employees have begun taking severance packages.
Crypto adoption in the real estate market could see fractional property ownership becoming more popular. Fractional ownership of buildings and property developments is becoming one of the adoption areas for blockchain technology in the real estate business. From democratizing access to real estate investment to improving liquidity in the market, there is an argument to be made for tokenization being a net positive for the real estate space.Tokenization via fractional real estate investment is also another example of the emerging “sharing economy” that seems to be encouraging crowdfunded....