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ARTCELS Launches New Art Portfolio ‘Millennials’ With Banksy NFTs

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Digital art investments platform ARTCELS today announces the launch of their new blue-chip art portfolio ‘Millennials’ on 22 April 2021. Available to investors as share-based ownership using non-fungible tokens (NFTs), it is backed by its own revolutionary Swiss-based cryptocurrency – ARTEM. The portfolio of artworks will also be exhibited in a specially curated show at HOFA Gallery for both investors and the public to enjoy.

The new portfolio features ultra-contemporary blue-chip artworks by coveted artists such as Banksy, Nina Chanel AbneyJonas WoodJosh Sperling, Yoshimoto Nara, and others. These artists have seen their works appreciate in value and demand-driven largely by the patronage of the millennial collectors who are boldly shaping the frontiers of the art market despite the economic downturn brought on by the pandemic.

ARTCELS was originally launched in February 2020:

  • ARTCELS is a pioneering asset-based tokenized art investment platform that uses NFTs, blockchain technology and cryptography to facilitate safe and secure investment in some of the most valuable blue-chip contemporary art on the market today.
  • The model provides state-of-the-art authentication at the point of sale and purchase while also allowing investor members to opt for partial and shared ownership in the artworks they carefully curate.
  • Through this flexible model, ARTCELS has opened the door for young and tech-savvy art enthusiasts to invest in and enjoy the phenomenal blue-chip contemporary artworks they broker.

ARTCELS’ new portfolio ‘Millennials’ launches 22 April 2021:

  • Millennials marks a major step up for ARTCELS, which is looking to build on the sold-out success of their inaugural ‘XXI’ portfolio which closed on a record high, having attracted investors across multiple markets and won major plaudits for the innovative investment services and virtual art experiences they provide.
  • The price of a single ‘Millennials’ share is $1,000 USD and the portfolio opens with an initial offering of $250,000 USD, capped at 250 shares.
  • The ARTCELS team believes with ‘Millennials’ they will attract larger value commitments from member investors who stand to cash-in on significant returns as art remains one of the most secure investment options available.

Consisting mainly of single and limited-edition artworks, the ‘Millennials’ portfolio has been curated with an eye on collections that resonate with the millennial generation and a focus on Asian collectors. The inclusion of works by Banksy is certain to be yet another high note for ‘Millennials’ as the popular British artist remains very much a global art phenomenon. Admirers of Josh Sperling and Yoshimoto Nara, whose art has been exhibited in Hong Kong and Japan, and Jonas Wood, whose energetic and colourful paintings have featured on billboards and murals from New York to Los Angeles, will also find ARTCELS’ new portfolio an attractive investment option.

Along with the opportunity to invest in lucrative portfolios of contemporary art, ARTCELS’ members also benefit from a personalised online gallery, investor dashboard and in-platform social network, all accessible within the ARTCELS’ mobile app.

Commenting on the new ‘Millennials’ portfolio, ARTCELS Co-Founder Elio D’Anna, said, “Our inaugural portfolio, ‘XXI’, which débuted in 2020, sold out quickly and was a resounding success, showcased in gallery and virtual exhibitions held in LondonLos Angeles, and Mykonos for our members and the public to enjoy.”

He adds “So, in 2021, we’re dreaming bigger and aiming higher with our new ‘Millennials’ portfolio. It represents the very best in contemporary art today and we are confident that our prospective and current investors will be exceedingly pleased by the quality of art they will get to enjoy and the potentially significant scale of their investment returns.

Blockchain

Virtualness want to be the Canva of Blockchain:Kirthiga Reddy

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Virtualness is positioning itself as the Canva of the blockchain world, according to Kirthiga Reddy. Reddy, the former Managing Director of Facebook India, is now the CEO of Virtualness. She believes that the platform can empower users to create content and communities in the virtual space, similar to Canva’s success in the design world.

Virtualness aims to provide tools and resources that simplify the process of creating and managing virtual communities. Reddy envisions the platform as a one-stop destination for individuals and businesses looking to leverage the power of blockchain technology for community building.

The platform offers a range of features, including customizable templates, social media integration, and analytics tools, designed to streamline the creation and management of virtual communities. Reddy highlights the platform’s user-friendly interface and intuitive design as key factors in its appeal to users.

Virtualness is tapping into the growing demand for virtual experiences and communities, driven by the shift towards remote work and digital interaction. Reddy sees immense potential in the platform’s ability to democratize access to blockchain technology and empower users to create meaningful connections in the virtual world.

With Virtualness, Reddy aims to democratize access to blockchain technology and empower users to create meaningful connections in the virtual world. She believes that the platform has the potential to revolutionize the way people interact and collaborate online, much like Canva has transformed the design industry.

Virtualness has already garnered attention from investors and industry experts, positioning itself as a promising player in the burgeoning virtual community space. Reddy’s vision for the platform reflects her deep understanding of the digital landscape and her commitment to driving innovation in the blockchain industry.

Overall, Virtualness is poised to make a significant impact in the virtual community space, offering users a powerful tool to create, manage, and monetize their virtual experiences. With Reddy at the helm, the platform is well-positioned to become the go-to destination for virtual community building, much like Canva has become synonymous with design excellence.

Source: exchange4media.com

The post Virtualness want to be the Canva of Blockchain:Kirthiga Reddy appeared first on HIPTHER Alerts.

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Sei Foundation proposes a version 2 network upgrade to bring EVM compatibility

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Sei Foundation, the overseeing entity of the Sei blockchain operating at Layer 1, has taken a significant stride towards version 2 of its network, as revealed in an announcement made on Monday. Spearheaded by Sei Labs, this upgrade aims to elevate the blockchain’s performance by introducing a high-performance instance of parallelized Ethereum Virtual Machine (EVM).

Following the necessary approval of the governance proposal, the network upgrade is scheduled to take place one week later. This swift timeline underscores the Sei team’s dedication to continually enhancing the efficiency of their network.

The introduction of Sei’s parallelized EVM marks a notable technological advancement in the company’s operations. This innovation enables Ethereum-based contracts to be seamlessly deployed on the Sei platform, resulting in near-instantaneous execution. Such a feature drastically reduces transaction validation times, significantly elevating existing efficiency and effectiveness standards.

Version 2 of Sei’s blockchain, slated for release, will support Ethereum and parallel execution, akin to other high-performance blockchains like Solana. This development further solidifies Sei’s standing as a formidable player in the industry. The upcoming Sei v2 update will also compete with other parallelized EVMs, including popular ones like Monad and Neon, in the fiercely competitive blockchain landscape.

Sei Labs has already indicated that the current upgrade is poised to attract significant interest, given the applications available on Ethereum. Notable investors and partners such as Uniswap, Frax, X2Y2, Bancor, Balancer, Rarible, Layer Zero, Nansen, and The Graph are currently in discussions with Sei to access v2. The anticipated adoption of Sei v2 is a significant testament to the platform’s potential to emerge as a leading hub for blockchain collaboration.

Since its beta launch on the mainnet within Cosmos in August 2023, Sei has primarily focused on applications developed with Rust that run on Cosmos. However, with the introduction of Sei v2, the team intends to expand its reach by engaging both new and existing users and optimizing network compatibility. This strategic pivot aims to foster inclusivity and adaptability for development.

Having secured substantial funding in April 2023, Sei Labs is now prioritizing the transition to Sei v2. The successful funding round, which raised $30 million across two rounds from investors such as Jump and Multicoin Capital, underscores Sei Labs’ commitment to supporting the Sei blockchain ecosystem financially and technologically.

The recent developments at Sei exemplify a strategic direction aimed at enhancing the blockchain’s efficiency and competitiveness. By embracing cutting-edge technological innovations and bolstering support for Ethereum-based applications, Sei positions itself as a potential catalyst for its services and a significant player in the blockchain industry. Investors and the broader tech community are closely observing how this substantial change could shape the future of blockchain.

Source: cryptonewsz.com

The post Sei Foundation proposes a version 2 network upgrade to bring EVM compatibility appeared first on HIPTHER Alerts.

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Brazil Central Bank Crafting Crypto Regulation Plan, Expected by Year’s End

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Brazil’s central bank has revealed a multi-phase strategy to regulate cryptocurrency and virtual asset service providers, intending to finalize the regulatory framework by the year’s end.

These regulations will establish guidelines to ensure and enforce increased transparency regarding the potential benefits and risks associated with these investments, the bank stated. It opted for a phased approach to effectively oversee Brazil’s cryptocurrency service market.

“The contributions received will be utilized as we proceed, and the regulatory proposals are slated for completion by the end of 2024,” the bank added.

Reuters reported that the central bank’s recent decision delays the finalization of the process, following a 2022 law granting the bank authority to formulate these regulations.

During a congressional hearing in the previous year, Otavio Damaso, the central bank’s director of regulation, anticipated completing the crypto regulations by June 2024.

In December 2023, the bank conducted a public consultation on the matter, concluding in January. Subsequently, it announced a new public consultation scheduled for the latter half of this year.

The central bank informed Reuters that the initial consultation aimed to gather feedback from the public on the proposed regulations, also addressing aspects not covered by the 2022 law, such as the segregation of assets by virtual asset service providers. To this end, the first public consultation necessitated “considerable dedication from the involved teams.”

Additionally, the bank is progressing with the regulation of stablecoins, especially those utilized for payments and foreign exchange.

Brazil Restricts Crypto Contributions in Elections
In an effort to curtail cryptocurrencies’ role in campaign finance, Brazilian authorities recently enforced a ban on crypto donations to political parties and candidates.

The electoral court defended this ban, underscoring the importance of transparency and traceability in campaign financing. It reiterated its commitment to safeguarding elections “against irregular or illicit practices.”

Source: cryptonews.com

The post Brazil Central Bank Crafting Crypto Regulation Plan, Expected by Year’s End appeared first on HIPTHER Alerts.

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