Blockchain
Coinllectibles Inaugural Fusion NFT Launch Closes with a Total Sales Turnover of more than $600,000
Metaverse Blockchain Fusion NFT™ company, Coinllectibles™ is pleased to conclude a successful inaugural launch of the proprietary Fusion NFTs™ on OKEx NFT marketplace.
The first set of 3 Fusion NFTs that were put up for auction and flash sales are ceramic artworks acquired from Dr. Herbert Lee. They form part of the 2021 Coinllectibles Bronze Series 1, with independent valuations ranging from USD 64,300 to USD 128,600. All three items were sold during the inaugural launch of the NFT.
2021 Series 1 Coinllectibles Fusion NFTs Bronze #002 and #003 were successfully bid at 28 ETH (~USD 94,301) and 18 ETH (~USD 60,622) respectively while #001 was first sold for 28 ETH (~USD 94,301). #001 then saw a change of hands in the secondary market at USD 150,000, and was resold again at USD 250,000. This meant that the total turnover for the first batch of 3 Fusion NFTs™ was in excess of USD 600,000.
Commenting on the sell-out, Toby O’Connor, the CEO of Coinllectibles said, “These are very encouraging results, and we are certainly buoyed by the extremely positive response from the NFT community. We are convinced that our Fusion NFTs have shown to be an effective way to sell collectible items. What stood out for us is how these collectibles are quickly put on the secondary market for resale purposes. This is interesting to see as it seems to bring liquidity in a traditionally illiquid asset.”
“I am delighted that these ceramic artworks have found new owners. I am also very pleased with the team for having successfully applied blockchain technology together with sound legal principles to the ownership of art and collectibles in creating these Coinllectibles Fusion NFTs. We will continue to add value to the community by investing resources to enhance our Fusion NFTs to set the industry’s Gold Standard in this space,” said Dr. Herbert Lee, Advisory Board Chairman of Coinllectibles.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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