THELOGICALINDIAN - Crypto Kitties creators footfall aback into the ring
Dapper Labs and the Ultimate Fighting Championship (UFC) are partnering up to advance UFC-branded agenda collectibles.
Empowering UFC Fans about the World
In a contempo press release, Dapper Labs, a blockchain startup best accepted for its CryptoKitties collectibles, appear a new licensing affiliation with the Ultimate Fighting Championship, the world’s better alloyed aggressive arts advance company.
The abstraction abaft the accord is to accommodate UFC admirers about the apple with a new agenda experience, according to the announcement.
By leveraging Dapper Labs’ new developer-friendly blockchain, Flow, UFC admirers will be able to purchase, barter and own verified, authentic, limited-edition UFC-branded agenda collectibles in real-time.
“Working with the UFC, we are assuming what’s accessible back you accord an affianced fanbase a absolute buying pale in the bold they adulation and the communities they’re a allotment of,” said Roham Gharegozlou, CEO of Dapper Labs.
Along the aforementioned lines, Tracey Bleczinski, UFC Senior Vice President, said:
“UFC prides itself on actuality innovators in sports technology, and Flow is addition way to accommodate our admirers with the best ball experience.”
This is not the aboriginal time that the UFC is affiliated with the cryptocurrency industry.
In backward December 2018, it teamed up with the Litecoin Foundation to affectation the LTC logo on the octagonal angry canvas.
Additionally, Ben Askren, a above UFC fighter and Olympic wrestler, has frequently apparent his absorption in the industry and has been announcement it for the accomplished several months.
Small investors are in for a big surprise
Hong Kong-based crypto derivatives barter FTX, which became the fifth-largest barter by adapted aggregate on the aback of presidential action tokens and leveraged coins, has amorphous affairs disinterestedness to investors.
The disinterestedness will be awash in the anatomy of FTX_EQUITY tokens, with anniversary badge admired at $2. The minimum acquirement bulk is $250k.
FTX Looking to Sell Equity Tokens to Investors
The growing Hong Kong-based cryptocurrency barter is affairs disinterestedness to investors, but with a twist.
FTX, which saw a huge rise in acceptance this year due to its derivative trading products, appear that it has amorphous affairs the FTX Equity badge (FTX_EQUITY), which will represent an buying pale in FTX Trading LTD (FT), the Antigua-based aggregation that owns the FTX exchange.
According to the company’s blog post, anniversary FTX_EQUITY badge will amount $2 and represent one allotment of the 500 actor absolute absorption in FTX. This puts the aggregation at a $1 billion disinterestedness valuation.
Owning the company’s disinterestedness badge will accordance the broker the aforementioned rights as owning disinterestedness shares of FT would. The aggregation acclaimed that the tokens can be traded into shares in lots of 1.25 actor tokens or more.
However, disinterestedness tokens do not allow voting rights to holders. FTX acclaimed that investors captivation the disinterestedness tokens will additionally arise on the FT annals as members.
Opening Up Equity to “Smaller Investors”
Sam Bankman-Fried, the CEO of FTX, told The Block that the aggregation capital to advice “small investors” get a adventitious to own a pale in the company. With a minimum advance of $250,000, however, abounding baby investors may still see the bar set too high.
For users that appetite to go bottomward the acceptable avenue and acquirement accepted FT equity, the minimum acquirement admeasurement has been set at $2.5 million. Apart from that, investors charge additionally go through all-encompassing authoritative processes, including adamant compliance, KYC, and assorted added paperwork, the aggregation explained.
The aggregation acclaimed that FTX_EQUITY tokens won’t be accessible to investors in the US and added banned jurisdictions.
Users in the blow of the apple will be able to acquirement disinterestedness in FT as continued as they canyon the tier 2 KYC action appropriate by the company. This bank is almost aboveboard and asks users to accumulation the aggregation with a name, date of birth, affidavit of address, and several added accessory identifiers.
The auction of the disinterestedness tokens will end amid Mar. 1 and Mar. 7 depending on the appeal for the tokens.
