JPM and DBS launch blockchain company / Outlier Ventures announce ICOs for NFTs / Fresh Funding for Alchemy

Plus: MetaMask gains 5x MAU in 6 months

Inside.com Part of   Network April 28, 2021

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A message from EXODUS Exodus shatters regulated crypto public offering record Exodus, one of the most popular cryptocurrency apps, is on a mission to help half the world exit the confines of traditional finance by 2030.  Exodus made history by doing the first of its kind SEC regulated offering on its platform. They’ve had commitments for $60,000,000 within 5 days of the offering going live. Anyone can buy shares of the company with Bitcoin, Ethereum, or USDC which will then be represented digitally and secured by the blockchain.  Why invest in Exodus? 🚀 Exodus is growing fast. They have achieved around 3 million app downloads and completed over 3.5 billion dollars worth of exchange volume since 2019.  🚀 Exodus products are loved due to their easy of use. Exodus was named as the best crypto wallet for beginners by Investopedia because of its simplicity and support for a huge variety of cryptocurrencies. 🚀 Exodus’ financial fundamentals are solid. They delivered 21.3 million dollars in revenue and 8.2 million dollars in net income in calendar year 2020.  Don't miss out on owning a stake in the future of finance. Invest Today

The global crypto market cap is $2.09T 0.70%▲ with a 24-hour market volume of $145.46B -4.52%▼. Bitcoin's dominance is currently 49.10% -0.40%▼.  CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $54,863.08 0.05% ▲ 2 Ethereum ETH $2,720.94 3.29% ▲ 3 Binance Coin BNB $558.92 0.68% ▼ 4 XRP XRP $1.35 2.32% ▼ 5 Cardano ADA $1.33 2.58% ▲ *Prices as of 3:15 p.m. ET.

JPMorgan and DBS have partnered with Temasek to create a blockchain company for cross-border payments. Known as Partior, the new company aims to create a frictionless payment, trade, and foreign exchange settlement system using distributed ledger technology. More: Partior plans to connect financial institutions and developers to develop applications for use-cases like forex versus payment, delivery versus payment, and P2P escrows. Sopnendu Mohanty, the chief fintech officer at the Monetary Authority of Singapore, called Partior a “global watershed moment for digital currencies” for its foundational efforts to bring a wide range of use-cases for blockchain systems. The three partners previously collaborated on Project Ubin, a multi-currency payments and settlements blockchain initiative created by the central bank of Singapore.

London VC firm Outlier Ventures announced a new legal structure for NFT ICOs. Titled “NFTSPA,” Outliner's guidelines provide a system for anyone to become an early investor in the future value of an NFT. More: The VC firm has a long history of investing in crypto startups and researching alternative fundraising strategies on the blockchain. NFTSPA lets users gain access to “Access NFTs” which provide exposure “to the future franchise value of an NFT project.” Outlier made a clear statement that NFTSPA fundraising vehicles “should not” be considered securities offerings by the SEC.  The legal structure for NFT crowdfunding is anticipated to be a living structure, updated and adjusted to remain compliant across different countries and jurisdictions.

▲ TOP GAINERS # Name Price 24h % 1 Polygon MATIC $0.8266 21.53% ▲ 2 Dogecoin DOGE $0.3068 14.04% ▲ 3 Aave AAVE $474.42 10.11% ▲ 4 Monero XMR $424.12 9.31% ▲ 5 Uniswap UNI $42.39 7.87%▲ ▼ TOP LOSERS # Name Price 24h % 1 Klayton KLAY $2.36 5.40%▼ 2 VeChain VET $0.1989 3.94%▼ 3 Crypto.com CRO $0.188 3.60%▼ 4 BitTorrent BTT $0.007066 2.77%▼ 5 XRP XRP $1.35 2.32%▼ *Limited to cryptocurrencies with a market cap >$4B. Prices as of 3:15 p.m. ET.

🍋 FRESH FUNDING 🍋 Alchemy, blockchain development: $80M. The “AWS of Blockchain” reached a valuation of $505M after an $80M Series B funding round led by Coatue Management. More: Alchemy provides the tools and infrastructure for OpenSea, Dapper Labs, SuperRare, and Zora. Among other factors, Alchemy says the NFT boom has led to 97x growth in the past eight months. Alchemy claimed to power 70% of the world’s most used Ethereum apps. It supported the claim with $13.5B in operating profits last year. Coatue Management has made bullish investments into the NFT space recently, including a $305M fundraise for Dapper Lab.

QUICK HITS Something that’ll help your mom (or honorary mom) relax. We are less than a month out from Mother’s Day and this brand’s sleepwear is perfect for breakfast in bed. * MetaMask’s ‘Swaps’ DEX and NFT accessibility have led to a 5x growth in monthly active users for the Ethereum wallet in the past 6 months. During today's Q1 earnings call, Hasboro (HAS) said it is actively working in the NFT space.  Nexon, a Japan-based game developer, announced the purchase of 1.72K BTC (~$100M) at the average cost of $58.22K/BTC. Bitcoin now represents around 2% of the total cash and cash equivalents on Nexon’s balance sheet. TrustSwap has partnered with Eden Reforestation Projects to plant 1M trees with funds raised through 10% of NFT sale proceeds.  Ellen Degeneres raised around $31K for World Central Kitchen from the sale of her first NFT collection: “Woman with stick cat.” Looking for a way to keep your ecommerce customers coming back? Upgrade your post-purchase experience with Route and build real loyalty. Get a demo now.* *This is sponsored content.

Griffin McShane is a J.D. candidate currently living in Portland, Maine. He is a graduate of Providence College, where he studied both computer science and business. Griffin aspires one day to go to the moon and bring some of his altcoins along for the ride. Editor Eduardo Garcia is a writer and editor based in New York. He is writing an illustrated book about climate change that will be published by Ten Speed Press, an imprint of Penguin Random House. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade.

Exodus is making history raising $60,000,000 within 5 days of its SEC-regulated offering going live

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