June 15, 2022

Nodeify News - Mayor giving away BTC, Yield Guild Games $4.6M investment, and AVAX up 200%

Nodeify News - Mayor giving away BTC, Yield Guild Games $4.6M investment, and AVAX up 200%

In this episode, Brendan McShane discusses Coinbase purchasing $500M in crypto and their future of purchases, mayor giving away BTC, tokenization of cattle, and the 200% increase in AVAX.

Episode 14 Google Slides:

“Coinbase is ready to purchase $500 million worth of crypto on its balance sheet”

On top of the $500 million purchase of crypto, Coinbase will be investing 10% of all future profits in cryptocurrency. They will be the first publicly traded company to hold Ethereum PoS and other DeFi altcoins.

“Missouri mayor suggests giving residents up to $1K in Bitcoin”

The Mayor of Cool Valley is suggesting giving $1.5M of worth of Bitcoin it its 1,500 residents. The residents will be required to hold the Bitcoin for 5 years. This will be coming from the federal governments pandemic relief fund for the town.

“‘A16z Leads Yield Guild Games $4.6 Million Investment Round”

A16z's new chairman stated, "There is a large untapped economic opportunity in emerging markets to provide jobs by building a virtual economy in the digital world. The way we define "job" is quickly evolving because of crypto and gaming."

“Tokenization of Cattle is Proving Real-World Blockchain Use”

Finka Token is looking to tokenize their 3,200-hectare ranch La Padera in Bolivia. The owner of one of the ERC-20 tokens will have claim to the top-line revenue of the ranch. This a new alternative investments for investors to have a stake in beef prices. It also helps the ranch reduce their financial risks.

“3 reasons why Avalanche (AVAX) price is up 200% this month”

First, Avalanche Rush launched on Aug 18th promising to invest $180M into Avalanche's DeFi ecosystem. Second, the Avalanche-Ethereum bridge makes it easy for users to move their WETH over to the Avalanche blockchain. Third, transaction burning of AVAX tokens decreases the supply of tokens over time.

About Nodeify Digital Assets

Join the first truly diversified Digital Asset Fund. We're not just investors - we are activists building the infrastructure through investments in category leading firms.

The tokenization of asset is not the future, it is the present. It is deeply transformative and is offering exciting possibilities for, in particular, financial markets.

We are a team founders, operators, advisors and investors. Brought together by our extensive experience with startups, we operate at a local level but connect on a global basis, allowing us to be closer to our founders and enabling to benefit from our networks.

The Fund’s long-term investment objective is to seek above-average rates of return through short and long-term capital growth and income generation by investing in the blockchain and digital asset economy

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