Blockchain
Earn.re Welcomes Pinnacle Storage Properties as Project Sponsor
Earn.re, the blockchain-based commercial real estate (CRE) financing platform, today announced that Pinnacle Storage Properties LLC has become a project sponsor and early adopter of its technology. As a project sponsor, Pinnacle Storage Properties intends to list more than $100 million of self-storage projects on the Earn.re platform over the course of 12 months commencing in late 2019.
Based in Katy, Texas, Pinnacle Storage Properties is a privately held national acquirer, developer, owner and operator of self-storage facilities with a portfolio of 20 properties totaling more than 1 million square feet of rentable self-storage space.
“We’re pleased to have secured the commitment of an experienced sponsor with a strong track record of success and increasing momentum,” said Aaron Lohmann, CEO, Earn.re. “By becoming an early adopter of Earn.re, Pinnacle Storage Properties will enjoy enhanced transactional certainty, speed, liquidity and transparency when financing projects in the future.”
“We recognize the potential of Earn.re to become a major disruptive force by bringing liquidity to what is traditionally an illiquid asset class. Self-storage investors typically wait a long time to see a return, and sponsors have to deal with compliance challenges along the way,” said John Manes, CEO, Pinnacle Storage Properties. “The ability to trade CRE security tokens like stocks or bonds will add flexibility and speed to an industry that has historically moved pretty slowly in terms of completing transactions.”
Designed to connect lenders and accredited investors directly with project sponsors, Earn.re is building a platform that offers debt and equity investment opportunities to Earn.re participants. Earn.re generates a security token—a virtual contract—that represents a fractional ownership stake in a debt or equity instrument verified within the blockchain. Each token is programmed to automatically compute and distribute returns to investors’ private crypto wallets.
Once created, Earn Debt and Earn Equity tokens can be traded on the Earn.re exchange, just as stocks and bonds are traded, in one of the CRE industry’s first digital secondary markets for debt and equity securities. Through the exchange, Earn.re will bring liquidity to CRE financing in compliance with regulatory requirements.
The Earn.re platform is built on the Ethereum public blockchain and provides users with a secure means of investing in U.S. CRE with full transparency and in compliance with U.S. securities and data privacy laws. It will offer debt and equity securities backed by nearly every property type, including retail, multi-family, self-storage, hospitality, industrial and government. Through Earn.re security tokens, investment documents such as deeds, mortgages, notes, shareholder agreements and more are attached digitally to the blockchain.
SOURCE Earn.re
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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