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Blockchain

CoinShares Launches Cardano ETP With Staking Rewards of 3.0% p.a.

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CoinShares (“the Company”) (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), Europe’s largest digital asset investment firm with US$3bn in AUM, announced the launch of the world’s first physically-backed Cardano exchange traded product (ETP) designed to share the rewards of staking with investors in a transparent way. CoinShares Physical Staked Cardano leverages the Company’s technology platform to provide investors with exposure to Cardano and the rewards for participating in the blockchain’s security.

CoinShares Physical Staked Cardano will be listed on Germany’s main market Xetra and is the third ETP launched by CoinShares this year.

CoinShares Physical Staked Cardano 
Management Fee: Reduced to 0.0% p.a.
Staking Reward: 3.0% p.a.
ISIN: GB00BNRRF659
Ticker: CSDA
WKN: A3GVCX

The unique staking mechanism allows the Issuer to share staking rewards with investors by reducing the management fee and increasing the Coin Entitlement of the ETP each day, as staking rewards accrue. Staked coins do not move from the secure custodian where they are stored, and the ETPs remain 100% physically-backed at all times.

The Issuer formally announced on March 11, 2022, a reduction in the management fee to 0.0% p.a. and additional Staking Rewards of 3.0% p.a. for Cardano.

Townsend Lansing, Head of Product at CoinShares, commented on today’s news, “Following the successful launch of our Staked Polkadot and Tezos ETPs on Xetra earlier this year, we are excited to add Cardano to our range of physically-backed staked products. This is the first Cardano ETP in the world to feature transparent staking rewards for investors, and we look forward to launching more digital asset ETPs with best-in-class structures in the coming months.”

This launch brings the total number of ETPs launched on the CoinShares Physical ETP platform to seven and comes after the Company announced its Q4 & preliminary full-year 2021 results, which were the strongest full-year & fourth-quarter financial results in the Group’s history.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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