Polygon and Cere Network partner on a new Web3 media project dubbed ‘DaVinci’

DaVinci is the first marketplace set to facilitate secure NFT royalties and decentralized asset transfers, according to details on the platform’s website.

Polygon (MATIC) and decentralised data cloud platform Cere Network, have partnered to launch a new project dubbed DaVinci, Cointelegraph reported on Monday.

The Web3 media platform is reportedly targeted for the secure storage of non-fungible token (NFT)assets, with key functionality aimed at blockchain-based verification and decentralisation. In this case, the DaVinci platform offers a network for the monetization and transfer of NFTs.

The Web 3 project is powered by Cere Network’s data cloud, allowing for smart contract-based content streaming. Integration with all the major social media platforms means content creators can connect with their fandom and seamlessly grow their blockchain-based fan circle.

Via plug-and-play integrations with every social media platform, and Stripe Payments, you can instantly start with bringing your artwork to (future) fans, without the usual adoption hurdles,” the DaVinci team says on their website.

Davinci will offer much more to the NFT community, with artists and brands set to see more returns from their content. Users will have guaranteed access to royalties, with research and analytics tools available to complement content creators’ reach to prospective fans and investors.

Users will access the service via Cere Freeport, a Polygon-based NFT minting feature that creators will leverage to mint and sell NFTs.

Polygon and Cere Network have worked closely before, with the most recent being a September 2021 $3 million investment into Cere’s DDC. The investment helped with the integration of Cere with Polygon’s protocol.

The post Polygon and Cere Network partner on a new Web3 media project dubbed ‘DaVinci’ appeared first on Coin Journal.

Cardano and Polkadot ETPs debut on the Frankfurt Stock Exchange

The ETPs debut on the Frankfurt Stock Exchange on 14 February and add to products for Bitcoin, Ethereum, Uniswap, and Solana

Cardano and Polkadot exchange-traded products (ETPs) made a debut on the Frankfurt Stock Exchange on Monday after the platform DeFi Technologies was approved to list the derivative products.

According to a press release shared on Monday 14 February, the ADA and DOT-based products will be traded via Valour, a subsidiary of DeFi Technologies and pioneering platform for digital asset ETPs.

The new ETPs will track the prices of ADA and DOT, the two altcoins that currently occupy the seventh and tenth-largest cryptocurrencies by market cap slots at $33.7 billion and $20.4 billion.

Per the announcement, users will access the products via the titles Valour Cardano (ADA) EUR and Valour Polkadot (DOT) EUR.

The new ETPs will enable both retail and institutional investors to gain exposure to the native tokens of the Polkadot and Cardano networks as easily as buying shares from their bank or broker,” DeFi Technologies said in the statement.

Valour’s other products

The two add to the available portfolio offering of Valour Uniswap (UNI) and Solana (SOL). Other products in the portfolio are Bitcoin Zero and Valour Ethereum Zero, the platform’s first fully-fledged, zero-fee passive investment tracking the top two cryptocurrencies by market cap.

According to Valour CEO Tommy Fransson, the launch of the two products in the German market comes after success in the Scandinavian market. There’s increased interest for such products, he noted, adding that informed the expansion.

Valour Inc. is a Zug, Switzerland-based platform specializing in issuing exchange-listed financial products targeted for both retail and institutional investors. The company was established in 2019 targets offering the products to investors throughout Europe, according to its chief executive.

The post Cardano and Polkadot ETPs debut on the Frankfurt Stock Exchange appeared first on Coin Journal.

SoFi CEO holds Bitcoin and Ethereum among other crypto assets

SoFi Technologies owns the naming rights of the home stadium of Super Bowl LVI champions the Los Angeles Rams

Anthony Noto said his family owns Bitcoin and Ethereum but advises that volatility continues to hinder greater adoption of the crypto asset class.

SoFi Technologies Inc. CEO Anthony Noto has revealed that his family holds crypto, including Bitcoin, Ethereum and several other digital assets.

Noto, speaking to CNBC in an interview on Monday, however, noted that the family’s crypto holdings make just a small portion of the total family investment.

Stating that the family is invested in crypto, the SoFi CEO added.

We own Bitcoin, we own Ethereum, we own some of the more obscure and different cryptocurrencies, but it’s a very small part of what we own.”

Noto said that companies that do not invest in blockchain technologies might be making a mistake. Such companies risk being left behind, he noted. In his view, companies need to look at how to include innovation in their business, including the use of crypto “as a technology platform.”

Despite his positive remarks about investing in crypto or integrating the underlying blockchain technology, Noto points out why he thinks one should not have crypto as the majority of their portfolio. 

He notes that the crypto market is highly uncertain and volatile, aspects that he says mean it should only form a small part of the portfolio.

In other remarks, Noto talked about SoFi’s big bet on the naming rights for a stadium that is now the home of reigning Super Bowl champions the Rams

He noted that the desire to see SoFi grow into a household name, and being part of the NFL was behind its move for the deal.

It’s all played out the way that we had thought and then some,” he said.

SoFi Technologies has also made huge strides in getting all the necessary regulatory boxes ticked, the executive explained. These include the US Federal Reserve, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp (FDIC) all key to the firms’ move to offer crypto-related services.

The company has a bank charter through its acquisition of Golden Pacific Bancorp Inc. and offers access to Bitcoin among other 30 digital assets.

The post SoFi CEO holds Bitcoin and Ethereum among other crypto assets appeared first on Coin Journal.

Fantom CEO Kong: Stader Labs’s integration will help drive ecosystem growth

Fantom Logo on a Cell phone

  • Stader Labs is working on an implementation that will bring Liquid Staking Pools to Fantom, making staking easy for FTM holders, the platform noted in an announcement last week.
  • Fantom CEO Michael Kong says the integration will benefit FTM users and the wider DeFi ecosystem.

Stader Labs recently announced integration with Fantom (FTM), promising to bring liquid staking pools and other exciting features to Fantom users.

With liquid staking, FTM users will find it easy to mint liquid tokens on their staked FTM tokens. They will then be able to leverage these newly minted tokens across DeFi protocols on the Fantom network and elsewhere as part of their investment strategies.

Ease of access to stake pools is also set to see FTM holders easily earn staking rewards, Stader Labs said in a statement.

Fantom CEO Michael Kong commented on the integration as one that “offers an incredibly simple avenue for crypto enthusiasts to put their assets to work.” He added that it would help “generate value for users.”

Fantom CEO’s comments on the Stader Labs integration

We sought to get more from the Fantom CEO, particularly his views of the integration and Fantom’s growing stature within the broader DeFi space. Here’s what he had to say in comments exclusive to CoinJournal.

CJ: Staking has steadily become one of the prime avenues for cryptocurrency users to get passive income and we see TVL on the Fantom network reached over $12.8 billion in January amid the broader market correction. That figure has dropped to about $8.8 billion. What are your thoughts on FTM staking even as you add Stader Labs’ great features to Fantom DeFi?

MK: The TVL on Fantom represents the value of assets in USD that have been deposited into DeFi protocols, both FTM and non-FTM tokens, while staking is when users stake their FTM tokens in order to help secure the network, as it is based on Proof of Stake.

I believe Stader Labs will help increase the amount of FTM staked and TVL as they offer a convenient and safe method of staking via their interfaces on the user’s behalf. By adding additional functionality to FTM such as “liquid staking” users will be able to take advantage of both participation in Proof of Stake and the DeFi ecosystem.

CJ: Fantom is currently ranked 5th on the list of largest DeFi blockchains in terms of total value locked (TVL) and hosted protocols. What makes Stader Labs stand out and how does this announcement help Fantom in the DeFi space?

MK: Stader Labs offers a unique service that we currently don’t have on Fantom, namely “Liquid staking”. This allows users to earn rewards while securing the network and participating in DeFi, thus adding more functionality to FTM while also helping to grow the ecosystem. It’s enormously beneficial for both users and the ecosystem.

CJ: The PR says Fantom will benefit from Stader Labs’ “modular approach to building smart contracts.”Are there third-party networks you think are ready to jump onto Fantom to leverage Stader Labs’ solution?

MK: Stader Labs will allow projects in the Fantom ecosystem to integrate their smart contracts directly into their Dapps. I believe we will see all kinds of DeFi applications ranging from Dexes to lending and borrowing protocols that integrate with Stader Labs.

CJ: NFT trading is a growing part of the crypto ecosystem, with over $20 billion in trading volume generated in 2021. The volume is expected to jump even further in 2022. How is the Fantom platform positioned in this respect, and is the integration with Stader Labs going to have an impact?

MK: The Fantom ecosystem has seen increasing growth in NFT projects and sales. There are now five NFT marketplaces on Fantom the Foundation has identified (PaintSwap, NFTKey, Artion, Opera House, and Zoocoin). The Foundation is helping to support the growth of NFTs by providing technical, marketing, and incentives via an incentive program aimed at NFT applications, while also making strategic investments in projects that will drive growth in the ecosystem.

By building additional functionality for Fantom, Stader Labs will help drive ecosystem growth, and I believe many of those new users will also participate in NFT projects on the platform.

CJ: Integration with Stader follows that with Shopping.io last month. Are there more to come and what sectors of the crypto ecosystem is the Fantom Foundation looking at to promote the network’s growth and adoption?

MK: We are seeing more and more projects and infrastructure providers deploy on the Fantom network, increasing the functionality for both users and developers. The Fantom ecosystem will continue to see a strong level of growth.

CJ: When can the Fantom community expect to start taking of the Liquid staking and Stake pools solutions? Are there any specific steps FTM holders need to take before they start using the features?

 We are working very closely with the Stader Labs assisting their technical integration. More information will be announced closer to the launch date. FTM holders should find the integration convenient and intuitive to use.

Fantom is a layer-1 blockchain platform that offers high scalability, fast transactions, and very low fees.

The post Fantom CEO Kong: Stader Labs’s integration will help drive ecosystem growth appeared first on Coin Journal.

ASX eyes more crypto-focused companies, CEO Dominic Stevens says

Bitcoin under an Australian flag, signifying ATX's move to more Crypto companies

The ASX chief notes that the Australian stock market’s goal is to see more investment opportunities in the crypto asset class space come to the exchange.

More businesses and companies with ties to the crypto ecosystem are likely to seek listing on the Australian Securities Exchange (ASX) as the sector continues to grow, says the ASX chief executive officer Dominic Stevens.

According to Stevens, cryptocurrencies are set to be a bigger part of the stock market’s future offerings.

As well as listing crypto-focused companies like Block (formerly Square) and exchange-traded funds (ETFs), the ASX is looking towards spot ETFs for major cryptocurrencies such as Bitcoin and Ethereum, the Sydney Morning Herald has reported.

I think as the industry matures, you may see Square-like companies listing into the future, but we’re protective of the quality of the companies on our exchange, and it is a very fast-moving space,” he noted.

Stevens, who announced he’d be exiting the exchange later this year, however, believes that there’s a lot still to be done across the broader crypto space in relation to consumer protection.

While people have created massive wealth in the sector, issues of hacks and other aspects of security breaches continue to plague the crypto ecosystem, he noted.

Crypto companies offer diversification

The ASX CEO said that technology companies will make up a large part of the index, with an uptick in listings for crypto companies and SPACs.

The ASX, he added, is in a good position to and will likely benefit more from an influx of companies as the technology sector becomes an even larger part of the global stock market.

The move is part of the exchange’s diversification as it looks to rival markets in the US and Asia. According to him, it would be a mistake not to have focused on the growing crypto-related ecosystem when it booms in the next few years.

On January 20, Jack Dorsey’s Block made its debut on ASX after its merger with Afterpay. The listing had observers noting that the move had the potential to open floodgates for many more companies powered by blockchain technology.

The post ASX eyes more crypto-focused companies, CEO Dominic Stevens says appeared first on Coin Journal.