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Function X(FX)

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$0.308873
(1.17%)
0.00001280 BTC
Market Cap (Rank#221)
$126,180,860
5,228 BTC
Vol 24h
$173,086
7.170773 BTC
Circulating Supply
408,520,357
Max Supply
1,893,022,625
2 days agocryptodaily
Everdome Secures US$10 million Investment Commitment from GEM Digital Limited
Dubai, UAE, 9th August, 2022, ChainwireEverdome, the most hyper-realistic metaverse, has announced that GEM Digital Limited (GEM), a Bahamian-based, digital asset investment firm, that sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally, has agreed to an investment commitment of US$10 million into the UAE-based metaverse company, through a structured token subscription agreement. The announcement comes during a period of heightened activity for Everdome, particularly in terms of its product roll-out and the company’s auction of metaverse land plots. Since June 2022, a total of 11,700 plots (97%) located throughout the Everdome metaverse were sold throughout an eight-week auction experience. In total, plots were purchased for upwards of US$18.6 million, which is equivalent to 1,531,000,000 $DOME, Everdome's own digital currency. The average price of a plot of land in Everdome was 130,000 $DOME. Everdome will control the timing and the number of drawdowns under this facility, and has no minimum drawdown obligation. At its discretion, Everdome has the ability to sell up to 200% of its average daily volume, in Tokens across multiple exchanges to GEM Digital. According to Rob Gryn, CEO and Founder of Everdome, the commitment from GEM will be used to strengthen Everdome's offering and ensure future sustainability in the business. "We're thrilled to partner with and achieve this investment commitment milestone with GEM, which confirms that we're on the right track as we seek to push new boundaries in the metaverse. This is the perfect time for us to put our foot on the gas and really grow our product, which GEM's investment commitment will help us to do. Everdome is in a very exciting place, and together with GEM we’ve taken the next step in order to build our metaverse ecosystem to the next level." GEM's investment will be focused on team growth and metaverse technological expansion and will see the game's virtual reality (VR) capabilities set on a fast track. Funds will also go towards boosting marketing efforts, partnership enablement, and investments that will aid Everdome's sustainable growth. Set to launch in three phases throughout 2022, Everdome takes users on an immersive journey from Hatta in the UAE, which is widely viewed via rocket launches, to colonize Mars in Everdome City. The metaverse platform leverages cutting-edge 3D scanning technology and Epic Games' Unreal Engine 5 to deliver state-of-the-art, photo-realistic graphics that will leave players wondering about the boundaries between gameplay and reality. Built on Unreal Engine 5, Everdome will deliver a real-world-extended experience- pulling on the talents and vision of renowned concept artists, game creators, 3D designers, Hollywood VFX specialists, urban planning professionals, a development team that has been delivering graphics and effects for more than a decade, and a marketing team that has already found bounds of success in numerous industries. To learn more about Everdome, visit everdome.io. About Everdome Everdome is creating the most hyper-realistic metaverse. Bringing brands and users together in a digital-life meets real-world experience, all with the purpose of interconnecting the digital and physical worlds seamlessly -ultimately creating the most realistic web3 experience. About GEM Digital Limited GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities, and select venture investments.ContactsHead of PRYousef BatterWhite Label [email protected]+971559356531
12 days agocoindesk
Two Soccer Teams Transfer a South American Player Using USDC, But There’s Collateral Damage
The news was hailed as a historic event for South American football, but it could bring unexpected consequences for Argentinian club Banfield, amid local FX restrictions.
16 days agocryptopotato
Kryptomon Launches Exclusive User Acquisition Campaign on TikTok
[PRESS RELEASE – Leeuwarden, Netherlands, 25th July, 2022] Despite the downturn in market conditions, The Kryptomon Company shows no signs of slowing down. In its recent Series A funding round led by NFX, they’ve successfully raised $10 million, bringing the company’s valuation to $50 million. Now, only two months after the funding announcement, Kryptomon has […]
17 days agocryptodaily
Kryptomon Launches Exclusive User Acquisition Campaign on TikTok
Leeuwarden, Netherlands, 25th July, 2022, ChainwireDespite the downturn in market conditions, The Kryptomon Company shows no signs of slowing down. In its recent Series A funding round led by NFX, they’ve successfully raised $10 million, bringing the company’s valuation to $50 million. Now, only two months after the funding announcement, Kryptomon has checked off yet another milestone in its expansion plan by launching a unique, exclusive user acquisition campaign under the “TikTok For Business” program. The program supports companies like Kryptomon that are looking to reach new audiences by running creative ads in video format on the wildly popular TikTok platform. Kryptomon is one of the first blockchain gaming companies to be granted the license to work with and advertise through TikTok in South-East Asian countries. With TikTok seeing over 1.2 billion monthly active users, this partnership will undoubtedly be a huge step forward in Kryptomon’s journey to push into the mainstream gaming market. In addition, recognizing Kryptomon’s potential to become a market leader in the blockchain gaming space, TikTok’s Game Advertisement Team has been working closely with the Kryptomon team. Kryptomon can now leverage TikTok’s wealth of industry experience in regulating and optimizing campaign ad sets to ensure its content reaches as wide an audience as possible. The results speak for themselves - The ads are now live in several countries, already racking up millions of views. Based on the learnings from this first run of campaigns, it is likely that Kryptomon’s advertising efforts won’t stop there but will aggressively continue to expand across other regions. The expected growth of Kryptomon players due to this user acquisition campaign comes at a perfect time as Kryptomon will soon release its official mobile app. Currently available only for closed beta testers on Android operating systems, it will soon be offered to the wider public on both iOS and Android. About Kryptomon Kryptomon is an NFT Play-and-Earn blockchain game, where Pokémon meets Tamagotchi and CryptoKitties. Breed, Train and Fight with your NFT Kryptomon. It's a new world where trainers can live a new adventure on Blockchain. Set in the Kryptomon metaverse, community members play as ‘Trainers’ of their own individual monsters — Kryptomons — each of which is a completely unique digital asset connected to an NFT. Each has a unique but mutable genetic code made up of 38 randomized parameters that determine all of the aspects — physical and behavioral — of the creature. This not only ensures that each Kryptomon is unique but also brings to life each Kryptomon as a digital companion in the Kryptomon metaverse. Kryptomons are capable of learning, falling sick, getting hungry, and protecting their trainers when out on an adventure in the physical world. In turn, trainers will have to care for, feed, and train their Kryptomon partners in order to grow and prepare for the battles ahead. Kryptomon creates the next step in the evolution of crypto-gaming by using advanced blockchain technologies, digital genetics, and location-based technologies. To learn more about Kryptomon and stay updated on the latest news, check out the official Kryptomon website and associated social media sites linked below. https://www.kryptomon.co/ https://www.tiktok.com/@kryptomongame https://twitter.com/kryptomonteam https://www.instagram.com/kryptomonteam/ ContactsCMOTomer Warschauer [email protected]+31 20 217 08 87
20 days agocryptodaily
SEC Labels Nine Tokens As Securities
The Securities and Exchange Commission and the Department of Justice brought charges against three individuals. However, the SEC’s assertions that cryptocurrencies are securities are what caught everyone’s attention and could hold greater implications for the crypto space. SEC Labels Nine Digital Tokens As “Securities” The US Securities and Exchange Commission used the backdrop of its first insider trading case on Thursday to declare nine digital tokens as securities. The declaration is significant with the SEC looking to define its oversight of cryptocurrencies through its enforcement actions. The federal regulator had filed a complaint on Thursday, alleging that a former Coinbase product manager had engaged in insider trading, giving his brother and another friend tips on what assets Coinbase would be listing. In this complaint, the SEC declared that nine of the crypto assets listed in the complaint were securities. A New Development The SEC identifying cryptocurrencies as securities is not new. However, it did so in settlements with the issuer or enforcement actions. The complaint registered on Thursday was the first time the SEC identified cryptocurrencies as securities without charging issuers or with the exchange even listing the assets. The tokens mentioned in the complaint were AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, and KROM. Setting A Precedent? So far, the Securities and Exchange Commission has refused to comment on the matter or if Thursday’s complaint was setting a precedent around how it would identify assets that it sees as securities. It also declined to comment on whether it was planning on bringing any future charges against exchanges that listed the assets mentioned in its complaint or that it would initiate action against Coinbase for listing the assets in question. An SEC official replied to queries stating that the investigation into the insider trading case was ongoing. Commodity Futures Trading Commission (CFTC) commissioner Caroline Pham tweeted about the complaint, calling it a “striking example of regulation by enforcement.” Attorney Jason Gottlieb, practicing with Morrison Cohen LLP, stated that Coinbase and other exchanges are not party to the action. This means that they would not be able to challenge the SEC in court. Cryptocurrencies Are Not Securities Coinbase, on its part, retorted that none of the cryptocurrencies it lists are securities. It pointed to the ongoing Department of Justice action that did not mention or charge securities fraud. The exchange, in an updated blog post, called the SEC’s actions an unfortunate distraction, stating, “The SEC charges are an unfortunate distraction from today’s appropriate law enforcement action.” The SEC Complaint In its 62-page complaint, the SEC went through each of the nine tokens, illustrating how each should be defined under the Howey Test. The SEC stated its complaint, “Each of the nine companies invited people to invest on the promise that it would expend future efforts to improve the value of their investment.” Coinbase also filed a separate petition with the SEC and asked the agency to create a rulemaking process to define how it would apply federal security law to cryptocurrencies. “Securities law is thus not well-suited to govern digital assets. Attempted application of such ill-fitting laws to crypto creates a number of problems.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21 day agocoindesk
Venture Capital Firm NFX Adds $62.6M in Follow-On Investments, Including Crypto Companies
The venture capital will double down on high-conviction portfolio companies like crypto’s Ramp, Radicle and Celestia.
27 days agocryptodaily
U.S. Commodity Futures Trading Commission Adds 34 Forex and Crypto Entities to Its RED List
The crypto world has been dealt another blow, this time by the U.S. Futures Trading Commission (CFTC). In a notice published on July 14, the CFTC added 34 crypto and forex entities to its Registration Deficient List (RED List) because they have not been registered with the agency. The CFTC and other U.S. financial regulators are actively working on regulating the crypto market, with policy expected to be issued later this year. Amid a very tumultuous time in the crypto market as prices continue to plummet, the news just does not seem to improve. In the latest bout of bad news to hit the space, the United States Commodity Futures Trading Commission has added another 34 unregistered foreign entities to its RED list. Addition to the list does to necessarily means that the CFTC views the entities to have broken any laws, but rather serves as a warning to those involved in the ecosystem to be wary of matters such as potential fraud. The newest additions to the list include Algobit, Ltd., Cent Projects, Ltd., Alis Capital Inc., CloseOption, B.O TradeFinancials, CryptoBO, Bitpay Options, CryptoSphereFX, Bluegate Financial Services, DestroFX, Capital Forex Trade, Direct Cryptos, Capital Trading Hub, Dynamics FX Trade, Capitalone Trade, Expirex Trade, FXBrew, QuickFXTrade, FX Optimax, Renesource Capital, FX-Cryptex, SageFX, HankoTrade, Stockinvestmentfx, IQFXTrade, Swissglobaltrade.org, Menne Market Ltd., The Traders Domain, Octave Trade, Tifu Global Limited, Pocketoption, TradingDeskFX, Prime Crypto FX, and Wolves Trade FX. U.S. Clamps Down on Binary Options Trading The notice does provide reasons why an entity may have been added to the list, and has mostly to do with not having registered with the agency when dealing with trading binary options and foreign currency, making many of these platforms illegal. The United Kingdom and the European Union, have both banned binary options trading. The notice reads, A firm is added to the RED List when the CFTC determines, from investigative leads and public inquiries, that it is not registered with the Commission and appears to be acting in a capacity that requires registration, such as trading binary options, foreign currency (forex), or other products. The Commodity Exchange Act generally requires intermediaries in the derivatives industry to register with the CFTC. Since being added to the list, many of the platforms have shut down. There are now over 200 entities on the RED list, and the CFTC does not seem to be slowing down when it comes to regulation. It, along with several other U.S agencies is looking to clamp down on the crypto market and as the world keeps a keen eye on the U.S., many will look to it for its own policies on crypto. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
30 days agocryptodaily
Gate Ventures Invests in Crossover Markets Group Seed Round
Majuro, Marshall Islands, 12th July, 2022, ChainwireGate Ventures, the venture capital arm of Gate.io today announces its investment in the Crossover Markets Group, Inc. seed round, becoming its first crypto-native investor. With the focus on investments in decentralized infrastructure, ecosystems, and applications that will reshape the world in the digital age, Gate Ventures believes that the Crossover Markets Group is addressing the technology gaps necessary to aid in widespread institutional crypto adoption. “The institutional trading landscape in the crypto space is far from mature. There will be a much greater institutional wave coming for the crypto assets in the next 3-5 years. We are very impressed by the Crossover team’s expertise in trading technologies, as well as their strong vision in their new crypto venture. Gate.io and Gate Ventures are committed to building a better financial infrastructure together with promising teams for the crypto ecosystem,” said Kevin Yang, Investment Director at Gate Ventures. Crossover Markets Group, Inc is an advanced digital asset marketplace for institutional clients. Crossover’s matching technology is built to provide customizable interactions between maker and taker in disclosed, semi-disclosed and anonymous environments. This flexible and low-cost ecosystem provides taker clients with a tailored liquidity experience based on their desired conditions while protecting market makers from the toxic flow. Furthermore, makers and takers can choose to interact through private rooms using the Crossover Markets Smart Order Router and connectivity channels. In conjunction, pre and post-trade controls will be achieved in single-digit microseconds, making Crossover Markets one of the fastest exchanges in digital assets. Brandon Mulvihill, CEO & Co-founder of Crossover Markets, said, “We are beyond thrilled to have Gate.io participate in our seed round as we aim to accelerate institutional adoption of digital assets through ultra-low latency trading technology. Gate is a long-standing industry leader in digital assets, and we collectively believe that technology will help bridge the gap between TradFi and Crypto communities. We have taken the approach during our seed round that all of our investors should be strategic, and we are quite thankful to bring onboard the amazing team at Gate Ventures and Gate.io.” Crossover Markets was co-founded by Brandon Mulvihill, Anthony Mazzarese, and Vlad Rysin, three industry veterans with extensive backgrounds in FX, Equities, Prime Brokerage, Trading, Technology, and Artificial Intelligence. Crossover Markets will officially launch to global institutional clients later this year. About Gate.io Established in 2013, Gate.io is one of the world’s earliest crypto exchanges. Gate.io has grown to serve over 10 million users across the world. It has been consistently ranked as one of the top 10 crypto exchanges based on liquidity and trading volume on CoinGecko and CoinMarketCap. Gate.io has been verified by the Blockchain Transparency Institute (BTI), and received a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021. About Gate Ventures Gate Ventures, the venture capital arm of Gate.io, is focused on investments in decentralized infrastructure, ecosystems, and applications that will reshape the world in the Web 3.0 age. Working with industry leaders across the world, Gate Ventures is able to help promising teams and startups that have the ideas to redefine social and financial interactions. ContactsHead of PR & CommunicationDion [email protected]
48 days agocryptodaily
Hackers Steal $100M In Harmony Horizon Bridge Exploit
Harmony’s cross-chain protocol, the Horizon Bridge, has been hacked, leading to a loss of funds of around $100 million. Stolen Altcoins Swapped For ETH Earlier today, the Horizon Bridge, which facilitates token transfers between Harmony and the Ethereum network, Binance Chain and Bitcoin, was targeted by hackers. They conducted a series of eleven transactions that siphoned off various altcoins. The tokens were then sent to a different wallet, from which they were swapped for Ether (ETH) on the Uniswap decentralized exchange (DEX). Around $100 million worth of funds were stolen through altcoins like Frax (FRAX), Wrapped Ether (wETH), Aave (AAVE), SushiSwap (SUSHI), Frax Share (FXS), AAG (AAG), Binance USD (BUSD), Dai (DAI), Tether (USDT), Wrapped BTC (wBTC), and USD Coin (USDC). The news broke when the Harmony team tweeted about it this morning, “The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM. We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.” Team Discloses Initial Info According to the statements from the Harmoney team, the hack will not affect the trustless BTC bridge and the funds and assets stored in the decentralized vaults. The team has also identified the wallet, which was responsible for swapping the stolen tokens for ETH, and has disclosed the address on Twitter. They also announced that necessary actions have been taken to prevent further transactions by notifying exchanges and pausing the Horizon bridge. Finally, the team also announced that it is closely working with national authorities and forensic specialists to identify the culprits behind the hack and will soon disclose a post-mortem report. Multisig Concerns Valid The community had previously raised concerns about the stability of the bridge’s multisig wallet on Ethereum. Reportedly only two of the four multisigs secured the bridge, indicating that two signees were enough to move funds away. An industry expert had even pointed this out on Twitter back in April, saying that the low number of required signers leaves the bridge vulnerable to a significant hack. The fact that the bridge was actually exploited only vindicates these concerns that were raised months ago. Multisigs have been posing serious security threats. For example, Axie Infinity’s Ronin Bridge was hacked when hackers took control of the required five out of the nine validators and stole over $600 million in assets. Another cross-chain protocol, Wormhole, was also attacked when the hackers exploited a vulnerability in the bridge. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
50 days agocryptodaily
AT ART BASEL, MARINA ABRAMOVIĆ ANNOUNCES FIRST-EVER NFTS THE HERO 25FPS ON TEZOS
LONDON, UK, 22nd June, 2022, ChainwireAt Art Basel, world renowned performance artist Marina Abramović announced in a panel discussion that she will launch her first ever NFTs titled The Hero 25FPS on the energy-efficient Tezos blockchain July 25th, 2022. This one-of-a-kind performance on the blockchain, presented in collaboration with the Cultural Institute of Radical Contemporary Art (CIRCA), depicts the figure of a steadfast woman astride a white horse holding a white flag that is waving gracefully in the wind, over the expansive landscape of trees and sky in Spain. The Hero 25FPS (frames per second) offers an opportunity to collect time and holds a symbolic charge as it is set against today's backdrop of global instability, escalating conflict and climate breakdown. For this performance on the blockchain, Abramović is revisiting one of her most personal and autobiographical works titled The Hero (2001), which is appearing every evening this summer across the CIRCA global network of screens in London, Seoul, Milan, Berlin, Japan and New York City (Times Square). Originally filmed at 25 frames per second, never before seen footage commissioned by the Fundación NMAC showing the artist holding a white flag astride a white horse has been separated into thousands of unique single frames to create The Hero 25FPS NFTs, with each frame dramatically influenced by the changing wind. This July, Abramović will invite the public to experience time through collecting either single unique frame NFTs (.JPG) or multiple unique frame NFTs (.GIF) on the Tezos blockchain. Expanding the concept of time-based media for a Web3 audience, this collaborative performance will engage thousands of NFT collectors with the once-in-a-lifetime opportunity of owning an affordable NFT by one of the world’s most famous performance artists, whilst also supporting the wider Web3 community. The work will be part of an unprecedented three-month CIRCA presentation, and a global call for courageous heroes at a pivotal moment in our collective history. “Our planet needs uncorrupted heroes with morality, who embody courage and bring real change. Every day in this world is a shaky, uncertain, constantly changing landscape. For CIRCA 2022, we have this white horse. This white flag. This beautiful land. We need heroes that can bring new light to illuminate us. Heroes that can inspire us to be better, and to work together, not against each other. Heroes who care,” said Marina Abramović. This performance of co-creation between Marina, CIRCA and NFT collectors on the Tezos blockchain will provide thousands of people with the once-in-a-lifetime opportunity of owning accessible NFTs by one of the world’s most famous performance artists, while also supporting creators around the world. Marina has highlighted the importance that her NFTs be both accessible and environmentally friendly, which is why she chose to mint The Hero 25FPS on the Tezos blockchain: “Energy consumption is really important. I don't want it to be” said Abramović when speaking about NFTs at Art Basel. Tezos’ energy-efficient design, low costs for minting and collecting NFTs, have attracted a diverse, global community of artists, collectors, and builders. Tezos is the home of major NFT platforms such as fx(hash), objkt.com, teia.art, and versum.xyz leading more artists to choose to create and collect on Tezos than ever before. “I didn't do NFTs for a while, because I needed to find for myself the right content that really works” said Marina. Pushing the boundaries between audience and artist, this July Abramović will invite the public to experience time through collecting either single unique frame NFTs (.JPG) or multiple unique frame NFTs (.GIF) to co-create and determine how The Hero 25FPS is minted on the Tezos blockchain. What’s more, Marina Abramović has also partnered with CIRCA to create the HERO Grant, a new initiative that aims to support and amplify the work of activists and changemakers in the Web3 community. A percentage of the funds raised from The Hero 25FPS NFTs will be circulated back into the Tezos Web3 community in the form of grants from this initiative. Candidates are invited to complete the application form here to apply. “I want to just talk about something that is so interesting about the Web3 space, and this young generation of people who work with NFTs. In the beginning, the older generation of artists likes to ridicule them and likes to think that this is nonsense, this is just bullshit. Same would happen to me in the 70s” said Marina Abramović. “Say to the young kids in Web3, just don't give up, because you're the future, you have the vision.” Expanding on the HERO Grant dedicated to heroes in the Web3 space at Art Basel, Marina Abramović said: “We need people with a vision that can bring new light, that we can really look up to and look at their morality and be inspired. We need real heroes right now”. Visit nft.circa.art to register interest and be the first to receive news of the NFTs straight to your inbox. ### ABOUT MARINA ABRAMOVIĆ Marina Abramović is one of the first performance artists to become formally accepted by the institutional museum world with major solo shows taking place throughout Europe and the US over a period of more than 25 years. In 2023, Abramović will be the first female artist to host a major solo exhibition in the main galleries of the Royal Academy of Arts in London. Her first European retrospective ‘The Cleaner’ was presented at Moderna Museet in Stockholm, Sweden in 2017, followed by presentations at the Louisiana Museum of Modern Art in Copenhagen, Denmark, Henie Onstad, Sanvika, Norway (2017), Bundeskunsthalle, Bonn, Germany (2018), Centre of Contemporary Art, Torun (2019), and concluding at the Museum of Contemporary Art Belgrade, Serbia (2019). In 2010, Abramovic had her first major U.S. retrospective and simultaneously performed for over 700 hours in “The Artist is Present” at the Museum of Modern Art in New York. In 1997, Abramovic was awarded the Golden Lion Award for Best Artist for her performance Balkan Baroque at the Venice Biennale. In 2006, Abramovic received the U.S. Art Critics Association Award for Best Exhibition of Time Based Art for her performance Seven Easy Pieces at the Guggenheim in New York City. In 2008, Abramovic received the Austrian Decoration of Honor for Science and Art in Vienna. In 2011, she was awarded Honorary Royal Academician status by The Royal Academy in London. In 2013, Abramovic was awarded the Ordre des Arts et des Lettres Officer for her work in Bolero, Paris. In 2014, Abramovic was named one of The 100 Most Influential People by TIME Magazine. In 2021, Abramovic was awarded the Princess de Asturias Award for the Arts, in Spain. ABOUT CIRCA CIRCA is a digital art and culture platform with purpose. We stop the clock on global media spaces every evening at 20:22 and mobilise the world’s greatest creative minds to broadcast unique works that consider our world today, circa 2022. The funds we generate from artist print sales drive the #CIRCAECONOMY - a circular model that supports our free public art programme and creates life-changing opportunities for the art and culture community. Since launching in October 2020 on London’s iconic Piccadilly Lights, CIRCA has commissioned new work from rising and established artists including Ai Weiwei, Cauleen Smith, Eddie Peake, Anne Imhof, Patti Smith, Tony Cokes, Emma Talbot, Vivienne Westwood, James Barnor, David Hockney & Yoko Ono. For more information, please contact [email protected] ABOUT TEZOS Tezos, an open source, energy-efficient blockchain is helping re-imagine the digital canvas for artists. Tezos’ energy-efficient design and low costs for minting and transacting NFTs have attracted a diverse global community of artists, collectors, and builders. With Tezos home to major NFT platforms such as fx(hash), Objtk.com, and Teia.art, more artists are choosing to create on Tezos than ever before. In the spotlight at this year’s Art Basel in Basel was the groundbreaking exhibition – Chance Encounters in New Mediums: Generative Art, Presented by Tezos. This unique interactive exhibition from Tezos, an energy-efficient blockchain, transformed generative art into a living artistic process, where the element of chance was celebrated, and etched onto the blockchain. For more information, please visit https://tezos.com [email protected]
57 days agocryptodaily
The Future Of DeFi Liquidity Aggregators
Liquidity aggregators are not new in the financial world; in fact, the solution has been applied for many years across traditional financial instruments to solve fragmented liquidity. Accordingly, it shouldn’t be a surprise that the demand (and use) for liquidity aggregators across the crypto ecosystem, especially in DeFi, is skyrocketing. To understand the role of liquidity aggregators in the expanding crypto economy, it is critical first to understand what liquidity means. In the broader context, liquidity refers to how easily investors can convert their assets into cash. Markets that offer high liquidity can facilitate large transactions without price slippage, allowing investors to trade efficiently and effectively. The crypto market has always had problems with liquidity. This is because the ecosystem is highly fragmented, with individual liquidity providers, pools, and platforms catering to a specific group of users on top of a standalone blockchain. The underlying blockchain networks operate in individual silos and seldom communicate with each other, adding to the quandary. Next, there are hundreds of different crypto exchanges, DeFi dApps, platforms, and protocols - each serving different groups of users. On top of that, the wide (and continuously growing) spectrum of investment opportunities spread across these platforms makes it extremely difficult for users to capture all price movements efficiently. If a user wants access to the best prices, they have to sign up across hundreds of platforms and monitor all of them simultaneously - a feat that’s impossible to achieve manually. This is where liquidity aggregators come to the rescue. In the last few years, a wide range of centralized exchanges (CEXs), decentralized exchanges (DEXs), and hybrid liquidity aggregators have emerged, effectively removing some of the biggest entry barriers to cryptocurrencies. Liquidity Aggregators Lower The Participation Threshold Liquidity aggregators combine orders from integrated exchanges and connect institutions and retail investors through the aggregation infrastructure where these orders can be routed and executed. To facilitate this activity, liquidity aggregators pull liquidity from a wide range of sources. Some aggregators gather liquidity from CEXs, DEXs, or swap pools, and a few follow the hybrid model, where they accumulate liquidity from both CEXs and DEXs. This data is then presented to investors and traders via a unified interface. As a result, investors gain direct access to the best available prices and fees across the broader market without monitoring everything manually. Take, for instance, the Unizen smart exchange ecosystem, where investors get access to deep hybrid liquidity aggregated from CEXs and DEXs and advanced decision-making tools from a single dashboard. As a result, Unizen users can check the best price point for any asset and trade and exchange it without leaving the platform or transferring funds between multiple exchanges. Unizen’s CeDeFi (Centralized Decentralized Finance) architecture allows traders to search for the best available opportunities based on liquidity depth, KYC, AML stipulations, and fees. The platform also facilitates trades at lower slippage, higher availability, and better security. Orion Protocol is another promising liquidity aggregator and AMM (Automated Market Maker) that enables investors to access liquidity from DEXs, CEXs, and swap pools from a single interface. The platform is designed to route all swap orders towards the liquidity supply with the best value. Additionally, Orion’s liquidity aggregation platform removes the exhausting process of registrations and verifications users must undergo when signing up for CEX accounts. It also eliminates the need for multiple wallets, KYC checks for each wallet, and the need to monitor price movements across multiple exchanges constantly. Instead, users can simply register on Orion Protocol, handle verification, and start trading across hundreds of exchanges from a single account. The Future Is Cross-Chain Liquidity Aggregation Currently, the most successful virtual asset liquidity aggregators focus on aggregating exchange liquidity and use quant-based methods to provide investors with the best available price points across the market. The ability of exchanges and liquidity nodes to source liquidity across blockchains efficiently, compliantly, and transparently remains a key issue despite the virtual asset and token industry's growth to a multi-trillion dollar industry. Large billion-dollar exchanges still use highly inefficient, expensive, and slow liquidity providers with high counterparty risks. While DEX aggregators and AMMs exist, they are often limited to aggregating liquidity and routing orders on specific chains - Ethereum for the most part. Yet, despite Ethereum’s commanding position in the DeFi landscape, several other layer-2 solutions and third-generation blockchains have emerged in recent years, gradually positioning themselves as new liquidity hotspots. However, the limited interoperability of blockchains, paired with the blockchain-centric focus of existing aggregators, has created new barriers. The need of the hour is cross-chain liquidity aggregators, which FLUID offers. Launched less than a year ago, FLUID offers a frictionless blockchain-based solution that replicates institutional-grade liquidity aggregation in the global FX market, using best-in-class MPC wallets. FLUID aggregates liquidity across spot, futures, derivatives, STO, and SCO markets to offer its users real-time price updates, AI Quant-driven strategies, and near-zero latency and trading fees. FLUID's main objective is to provide cross-chain liquidity and high throughput, effectively eliminating transactional issues between various decentralized platforms. By doing this, FLUID is unlocking new opportunities that will ultimately result in higher operational efficiency, lower costs, a better end-user experience, and new product development frontiers for exchanges, liquidity nodes, and cross-chain liquidity pools. As more and more assets get tokenized in the future, cross-chain liquidity will play a key role in the further expansion of the crypto economy. FLUID and other emerging cross-chain aggregators will take center stage, contributing significantly toward DeFi 2.0. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
58 days agocryptodaily
Chance Encounters in New Mediums: The Generative Art Renaissance at Art Basel in Basel 2022, Presented by Tezos
Basel, Switzerland, 14th June, 2022, Chainwire “Chance Encounters in New Mediums: Generative Art, Presented by Tezos,” will be on view from June 16-19, 2022 at Art Basel in Basel and will explore a living artistic process, where the element of chance is celebrated and etched onto the blockchain. The exhibition will be headlined by visionary early generative art pioneer and sci-fi writer Herbert W. Franke. The interactive experience lets visitors co-create a new generative artwork that is automatically minted as an NFT and gifted to attendees in real-time. The installation will feature generative algorithms from Aleksandra Jovanić, Eko33, Ryan Bell, and Sam Tsao. The Tezos NFT Speaker Series will be held in the Art Basel Auditorium in Hall 1 with the aim of raising awareness of the powerful role of NFTs in the art world, and beyond. Tezos, an energy-efficient blockchain, has gained global acclaim as a platform of choice for artists looking to mint NFTs sustainably and responsibly. The contemporary renaissance of generative art will be in the spotlight at this year’s Art Basel in Basel at the groundbreaking exhibition – Chance Encounters in New Mediums: Generative Art, Presented by Tezos. This unique interactive exhibition from Tezos, an energy-efficient blockchain, will transform generative art into a living artistic process, where the element of chance is celebrated, and etched onto the blockchain. Chance Encounters in New Mediums: Generative Art, Presented by Tezos will be headlined by generative art pioneer Herbert W. Franke with his 1979 MONDRIAN program courtesy of Herbert W. Franke and Susanne Päch. MONDRIAN is a dynamic generative program created on a TI-99/4, the first 16-bit home computer. On display will be a 21:21 minute sequence of the dynamic generative program captured at a solo exhibition in 2010 at ZKM, now minted as an NFT on Tezos. The piece will sit at the center of the exhibition space, surrounded by the work of four up-and-coming generative artists. Aleksandra Jovanić, Eko33, Ryan Bell, and Sam Tsao, will present generative algorithms which will enable visitors to co-create a new generative artwork that is automatically minted as an NFT and gifted to attendees in real-time. Blockchains such as Tezos are helping re-imagine the digital canvas for generative artists. As with technology, art is in a constant state of evolution. The exhibition explores the evolutionary intersection between art and technology, where artists everywhere are reimagining what generative art could be in this new medium. The Tezos exhibition invites attendees to step into this world and explore first-hand the role of NFTs in the art world and beyond. At the core of the exhibition is the generative art platform fx(hash). fx(hash) is a unique tool in the NFT art world, enabling collectors to engage with generative art in a whole new way through the blockchain. fx(hash) will power the interactive element of the installation where fair goers will be able to scan a QR code and set in motion the process of creating a new artwork rendered autonomously by one of the artist’s algorithms. Each interaction with the installation is a chance encounter; an opportunity to trigger the creation of a new generative artwork that is automatically minted as an NFT and gifted to visitors in real-time. In addition to the exhibition at the Tezos NFT Lounge in Hall 1, the Tezos art community will host the Tezos NFT Speaker Series in the Art Basel Auditorium. Programming curated by the community will feature representatives from institutions such as HEK Basel, Cortesi Gallery, Light Art Space Foundation, and Galerie Nagel Draxler and artists Marina Abramović, Kevin Abosch, Sasha Stiles, and Iskra Velitchkova. The speaker series will explore topics ranging from what galleries and museums need to know about Web3 to revealing the secrets of collecting art on the blockchain. The programming will run Thursday, June 16 from 10:00am - 12:00pm; Saturday, June 18 from 10:00am - 12:00pm and 5:00pm - 5:45pm; and Sunday, June 19 from 10:00am - 6:00pm CET. Tezos will host an NFT Open House for VIP ticket holders on Wednesday 2:00-4:00pm and Thursday 10:00-11:00am CET at the Tezos exhibit located across from the Art Basel Auditorium in the Unlimited Hall. The open house will provide VIP fair goers a chance to discuss NFTs and the historical relationship between art and technology. Tezos’ energy-efficient design and low costs for minting and transacting NFTs have attracted a diverse global community of artists, collectors, and builders. With Tezos home to major NFT platforms such as fx(hash), Objtk.com, and Teia.art, more artists are choosing to create on Tezos than ever before. Sales on Tezos art marketplaces are up 70% percent in the last 30 days and sales on Objkt.com, the largest marketplace in the Tezos ecosystem recently eclipsed over $100m in sales in the past year. Chance Encounters in New Mediums: Generative Art, Presented by Tezos will be on view from June 16-19, 2022, at Art Basel in Basel, at Messe Basel. Please visit https://artbasel.com/basel for more information. For more information on fx(hash), visit https://www.fxhash.xyz/ and follow @fx_hash_ on Twitter. ### About Tezos: Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit www.tezos.com. About Art Basel: Founded in 1970 by gallerists from Basel, Art Basel today stages the world's premier art shows for Modern and contemporary art, sited in Basel, Miami Beach, Hong Kong, and Paris. Defined by its host city and region, each show is unique, which is reflected in its participating galleries, artworks presented, and the content of parallel programming produced in collaboration with local institutions for each edition. Art Basel’s engagement has expanded beyond art fairs through new digital platforms and a number of new initiatives such as the Art Basel and UBS Global Art Market Report, Intersections: The Art Basel Podcast and the BMW Art Journey. Art Basel's Global Media Partner is The Financial Times. For further information, please visit [email protected]
90 days agocoindesk
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Jurassic Punks NFT – a Unique Generative NFT Collection Built in Unreal Engine 5
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120 days agocryptodaily
Nexo and Mastercard combine to offer the very first crypto-backed payment card
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129 days agocryptosrus
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About Function X

The live price of Function X (FX) today is 0.308873 USD, and with the current circulating supply of Function X at 408,520,357 FX, its market capitalization stands at 126,180,860 USD. In the last 24 hours FX price has moved 0.006827 USD or 0.02% while 92,359 USD worth of FX has been traded on various exchanges. The current valuation of FX puts it at #221 in cryptocurrency rankings based on market capitalization.

Learn more about the Function X blockchain network and how it works or follow the price of its native cryptocurrency FX and the broader market with our unique COIN360 cryptocurrency heatmap.

Function X Price0.308873 USD
Market Rank#221
Market Cap126,180,860 USD
24h Volume173,086 USD
Circulating Supply408,520,357 FX
Max Supply1,893,022,625 FX
Yesterday's Market Cap124,975,460 USD
Yesterday's Open / Close0.299095 USD / 0.305922 USD
Yesterday's High / Low0.306962 USD / 0.290686 USD
Yesterday's Change
0.02% ( 0.006827 USD )
Yesterday's Volume92,358.55 USD
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