Monat: März 2022

Gavin Wood, the founder of the blockchain platform and cryptocurrency Polkadot (DOT), has just donated $5.8 million worth of DOT to Ukraine.

According to a DOT transaction the Polkadot founder just shared, the total donation is 298,367 DOT tokens.

Given DOT/USD is trading around $19.33, Wood’s donation stands at around $5.8 million.

Wood had this week promised to donate $5 million to the Ukrainian government if they posted a Polkadot address in addition to the Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) addresses opened after last week’s Russian invasion of Ukraine.

Wood pledged $5 million if Ukraine added a DOT address

Earlier on Tuesday, 1 March 1, 2022, Ukraine announced that it was now accepting crypto donations in Polkadot.

In a tweet posted from the official government account, Ukraine authorities thanked the global community for the donations received so far. They released a DOT address and noted that they could accept donations in other cryptocurrencies too.

“The people of Ukraine are grateful for the support and donations from the global crypto community as we protect our freedom. We are now accepting Polkadot donations too: $DOT: 1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv. More cryptocurrencies to be accepted soon,” the tweet read.

Gavin Wood made his pledge via a reply to the Ukrainian government’s earlier plea for more donations. While he could have simply donated in BTC, ETH, or USDT, Wood’s request for a DOT address appears not to be such a bad move after all for the Ukrainian government.

The addition of the Polkadot cryptocurrency could open up the donation basket to more people, boosting the effort to support the battle against Russia and to offer humanitarian aid to a growing number of people.

The DOT address has just over $6 million at the time of writing, but the amount could grow quickly as witnessed with BTC and ETH over the past week.

The post Polkadot founder Gavin Wood donates $5.8m worth of DOT to Ukraine appeared first on Coin Journal.

• Crypto VCs Sanctor Capital and GBV co-led the funding round
• The Manchester start-up plans to use the funds to innovate and build an NFT platform that allows for a democratised access and usage by artists and collectors.

UK-based non-fungible token (NFT) platform KnownOrigin has raised $4.85 million in its series A funding round the startup said in a press release shared with CoinJournal.

Venture capital firms GBV and Sanctor Capital co-led the financing round, with participation from D1 Ventures, Cultur3 Capital, LD Capital, MetaCartel Ventures DAO, and Pluto Digital. The round also attracted support from Future Arts, Yin Cao and Colborn.

KnownOrigin ‘KO’ is a pioneer NFT platform, co-founded in 2018 by David Moore, Andy Gray and James Morgan. The platform has over the years allowed for a democratised art world where artists showcase and sell their digital artwork via simplified transaction processes.

The Manchester-based startup plans to use the new funds to reinvest in its NFT digital art marketplace, with the aim of ensuring creatives continue to benefit from new technologies in the space like Web 3 and Metaverse.

Partnerships include Netflix and Adidas

According to co-founder James Morgan, the $4.85 million will help the startup to grow, innovate and to build an ecosystem that will benefit the broader NFT space.

To help achieve these goals, the KnowOrigin team has looked for investment and expertise from prominent crypto investors and blockchain innovators in the NFT space. It has also partnered with top brands such as streaming giant Netflix, Europe’s largest sportswear firm Adidas and US-based computer software company Adobe.

Commenting on the investment, co-founder Morgan said the aim is to offer “a permissionless, transparent, fair thriving ecosystem where creators and collectors can engage in culture excellence and experience.”

Bringing NFTs to the community

KnownOrigin has over 5000 creators on its platform, with sales of over $30 million in the past year alone netted from a growing market of NFT collectors from across the world.

As well as providing an ecosystem that favours NFT creators and artists, KO has built a new royalties system that allows artists to receive royalties instantly after every sale.

But their work does not end with the platform participants, the team noted in the press announcement. The startup has sought to bring the NFT world to the Manchester community, including events that feature both local and global NFT talent.

The post UK-Based NFT Platform KnownOrigin Secures $4.85M Series A Investment appeared first on Coin Journal.