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Coinbase goes public with a nearly $100 billion valuation
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Those cryptocurrencies have skyrocketed more than 800% and 1,300% respectively in the past year. As a result, Coinbase, the most popular place for U.S. investors to purchase those assets, has grown ninefold over that stretch.
Should Coinbase hit the public market around its latest private market valuation of $100 billion, taking into account a fully diluted share count, it would instantly be one of the 85 most valuable U.S. companies.
Here s the key question for investors ahead of the Nasdaq debut: What happens when a crypto company with historically anomalous growth, massive uncertainty and no official headquarters clashes with the rigors of Wall Street and familiar metrics such as price-to-sales and price-to-earnings ratios?
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Pringles recently unveiled its latest flavor, CryptoCrisp, as a one-of-a-kind digital collectible known as an NFT and the bids to get one went up to more than $2,000. Taco Bell s NFT taco GIFs sold out in a mere 30 minutes.
The New York Times sold a column about NFTs for a whopping $560,000. NFTs were even the subject of a sketch on
Saturday Night Live, which
SNL subsequently auctioned off as an NFT. The winning bid garnered roughly $360,000.
It s clear that NFTs are big business, at least for the moment. NFTs, which stands for non-fungible (or not interchangeable) tokens, are unique digital assets that exist on the blockchain. The original function of NFTs was to verify digital art, because they can function as certificates of authenticity. Now luxury fashion labels, real estate companies, pro sports leagues, and even legacy art auction houses such as Christie s, Sotheby s, and Phillips are selling NFTs. Tom Brady recently announced that h
UPCO2 is tokenised carbon credit which helps fight deforestation in the Amazon, Congo Basin and Indonesia
Towards the start of the month, Elon Musk tweeted “Hodl the rainforests!!”, implying in crypto terminology that we need to sustain and protect the rainforests for the future. Well the Universal Protocol Alliance (UPA) have risen to meet that challenge by tokenising carbon.
UPA is a coalition of leading blockchain companies which includes CertiK, Uphold, Bittrex Global, Ledger, Fifth Era, Trovio, Hard Yaka and SFOX. At the start of 2020, they launched the Universal Carbon token UPCO2, with one UPCO2 representing one year-ton of CO2 pollution avoided by a project which is certified as REDD+ (reducing emissions from deforestation and forest degradation).
Meeting Elon Musk s Challenge to Hodl The Rainforest
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