Quote of the week: “But really it’s a good time to be talking about crypto. There’s a pause; there’s some repose. Whatever is left in crypto is not just speculation and get-rich-quick schemes. We can think about what crypto means – divorced, a little bit, from the lines going up… My goal is to convince you that crypto is interesting, that it has found some new things to say about some old problems, and that even when those things are wrong, they’re wrong in illuminating ways. Crypto has a pretty well-developed financial system…” – Matt Levine, Financial Columnist for Bloomberg. Source: Coindesk
Alpha Sigma Capital Research Initiates Research Coverage on RAIRtech:
RAIRtech is building a platform for Distributed Digital Rights Management (DDRM). The company’s platform provides IP owners, organizations, and individuals the ability to attach digital goods (including video, music, or data) into an encrypted stream with an NFT. RAIR has built several proprietary tools including NFT minting, encrypted streaming, and a distribution platform that it offers to its users. Read the Full Report here.
Fair disclosure: Alpha Sigma Capital Fund, LP is an investor in RAIRtech.
Filecoin Launches its Web3 Data-Storage Solution: Filecoin is launching a Web3 data-storage solution for carbon offsets in an effort to reduce the company’s environmental impact and make it verifiably sustainable. Filecoin Green’s Web3 data storage solution, CO2.Storage aims to facilitate transparency for carbon offsets and address the shortcomings of traditional storage solutions for digital environmental assets. Source: Cointelegraph
Fair disclosure: Alpha Sigma Capital Fund, LP is an investor in Filecoin.
Blockchain.com Is Issuing a Visa Debit Card: This week, Visa reported that it is opening its payment network to another major cryptocurrency firm, Blockchain.com. The card will be issued through Marqeta, a fintech platform, and will have no fees and will allow users to earn 1% back in cryptocurrency. Chuy Sheffield, Visa’s head of crypto stated “We believe access is foundational to the future of money movement… We’re excited to partner with leading crypto exchanges like Blockchain.com to unlock more ways consumers can use their crypto for everyday purchases.” Source: Finance.Yahoo.com
International Regulation Featuring Singapore: The Singapore High Court issued a ruling that Non-fungible tokens (NFTs) can be considered property since they meet certain legal requirements to be considered property; for example, the judge noted that NFTs are distinguishable from other assets and have owners who can be recognized by third parties. Source: Coindesk
FTX is Creating a Stablecoin?: FTX cryptocurrency exchange has made big news in the past couple of months. This week, CEO of FTX Sam Bankman-Fried told The Big Whale in an interview that the company is working on creating a stablecoin, a cryptocurrency token whose value is tied to that of another asset. Mr. Bankman-Fried stated that an official announcement will be made soon. Source: Finance.Yahoo.com
Raiinmaker Update: Raiinmaker is a company that “democratizes the creator economy and offers a path for everyone to earn crypto and NFTs for their social capital and are rewarded based on the true value of their engagement.” The company has been growing and the most notable update was that the company surpassed 50k User Downloads on its Mobile Application across iOS Apple Store and the Android/Google Play Store. Additionally, Raiinmaker completed its B2B Campaign portal, which will enable the application to scale more campaigns on the Raiinmaker application. Source: Raiinmaker.com