25th June 2022 - Middle East

Tokengate closed a AED 13.8 m (CHF 3.6m) seed financing round, receiving investor interest three times the capital available in the round. The funding will expand technology and fuel an expansion to the UAE, and further Tokengate’s mission to simplify the world of blockchain, tokenized assets and the Metaverse.

After incubation at its parent company Inacta Ventures Ltd. from 2018, Tokengate (“DSENT AG”) closed a 7-digit CHF seed funding round with a consortium of investors. Among others, Tokengate welcomes Zug-based investment company CV VC (Crypto Valley Venture Capital) and California-based blockchain venture fund Draper Goren Holm to its strategic group of investors.

Other top news this week included Visa launches Bitcoin and Crypto enabled cards in Latam, Deloitte and NYDIG announcing an alliance to provide banking for all with Bitcoin. Balenciaga, Prada & Thom Browne partner with Meta on the digital fashion marketplace, Solana NFT Marketplace Magic Eden Raises $130M at $1.6B Valuation & TIME partners with the Sandbox to build TIME Square in Metaverse.

Latest Investment News:-?Ex Sports

This Week in NFTs:-??Beyer Chronometrie AG by Tokengate

Education:-? Account-based Model?with Prof. Dr.?Fabian Sch?r?

So here's what else happened this week in Crypto

In the News

Tokengate closes CHF 3.6 million seed financing round while expanding to UAE. The funding will fuel an expansion to the UAE, and further Tokengate’s mission to simplify the world of blockchain tokenized assets and the Metaverse.?Unlock BC

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UAE is integrating Blockchain into its world's most costly modern postage stamp. This government-owned post office will issue the most expensive modern postage stamp to commemorate the 50th anniversary of the country's founding. Inside Bitcoins

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CoinMENA Receives Provisional License from VARA. The license will allow Coinmena to expand its activities and strengthen its banking relationships within the UAE.?Bitcoin.com

Deloitte and NYDIG announce an alliance to provide banking for all with Bitcoin. On Monday, the two formed a strategic alliance to support clients seeking advice to adopt Bitcoin products and services.?Cointelegraph

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FTX acquires a Canadian exchange to expand its presence In North America. The news comes just days after FTX US head Brett Harrison expressed his interest in acquiring regulated crypto firms.?Business Wire

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Visa launches Bitcoin and Crypto enabled cards in Latam. These new cards will allow users to spend crypto & purchase crypto wherever Visa cards are accepted and deliver a cashback in crypto.?Bitcoin.com

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Spanish airline Vueling to accept Bitcoin payments. Vueling is working with cryptocurrency payment provider BitPay and global payment solutions provider UATP to allow customers to pay in Bitcoin by early 2023.?Finance Magnates

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NFTs, Web3, Metaverse News

Ripple partners with Lotus cars to bring automotive NFTs to the XRP ledger. Lotus NFTs will allow creators and collectors to come together and experience Lotus Cars in a whole new way.?U Today

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Solana NFT Marketplace Magic Eden Raises $130M at $1.6B Valuation. Magic Eden says it will use the funding to expand its primary and secondary marketplaces, in addition to exploring multichain opportunities. Coindesk?

Astaria raises $8M for NFT-backed loans. The NFT-backed lending platform will allow holders to lock up their non-fungible tokens as collateral and borrow crypto against them, so the holders can then buy other NFTs, plus trade and invest in decentralized finance.?Coindesk

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Jay-Z's NFT sneakers are currently worth more than 1 BTC at auction. Only 10 pairs of Brooklyn Zoo sneakers have ever been created, but thanks to Jay-Z, this pair went viral and sold for over $24,000 - more than the value of a Bitcoin today.?Cryptocrunchapp

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Yashoda Hospitals Hyderabad becomes first healthcare group in India to be on Metaverse. Besides building a presence in the metaverse, the group is looking forward to offering healthcare services and creating employment whenever the regulatory norms of the platform mature.?Financial Express

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BOSO TOKYO seeks to bring Japanese culture to the world through innovative use of metaverse capabilities. BOSO TOKYO, is an NFT brand that aims to build avatars that can be used as a common identity in multiple metaverses.?News.Bitcoin

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TIME partners with the Sandbox to build TIME Square in Metaverse. TIME Square will be built on TIME’s land in The Sandbox as a destination for convening, art, and commerce.?Binance

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Crypto start-up MoonPay launches NFT platform with Universal, Fox. The newest platform, Hypermint will enable large brands, agencies, and enterprises to mint NFTs in mass, scaling up an operation that previously took months using blockchain technology.?CNBC

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All you need to know about the most anticipated NFT event in 2022. The fourth annual NFT.NYC conference brings together 1,500 experts to talk about NFT gaming, film, music, blockchain technology, and more.?Boardroom.tv

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Snoop Dogg files new trademark applications for NFT and Metaverse. American rapper Snoop Dogg is making further inroads into the world of non-fungible tokens (NFTs) and metaverses with new trademarks.?Finbold

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Balenciaga, Prada & Thom Browne partner with Meta on the digital fashion marketplace. In the coming months, this feature will be available on Instagram, Facebook, and Messenger. The idea is to make the marketplace more accessible to creators who want to design new clothing.?Vogue Business

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Ripple forms a new partnership to build an open metaverse. The network is being created to bring “The Open Metaverse” to life by aggregating multiple NFT collections containing more than 195,000 different items and over 340,000 transactions.?Yahoo Finance

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Ethereum Layer-2 Immutable X Plots $500M Fund for NFT, Game Developers. Firms like GameStop,?Tiktok?and esports giant?ESL Gaming?use Immutable X for?NFT?collectibles and?crypto-powered video games.?Decrypt

Top 10 Crypto Currencies this Week

Learn to Earn

?? Interested in learning more about Account-based Model. The only intermediary in the network. Prof. Dr.?Fabian Sch?r?combines his expertise with the?Center for Innovative Finance (Universit?t Basel)?to make this valuable knowledge accessible to everyone.

Latest Investment News

EX Sports?expands into the Crypto Oasis Ecosystem! ??

Excited for?EX Sports?Urbanball's Belgium NFT drop??

Get ready! Our Ecosystem partner,?EX Sports?is releasing Urbanball's newest?#NFT?drop exclusively at?Binance?NFT. Newly designed characters await with new attributes, skills levels, and prices. ??

EX Sports?is a fan engagement platform & game publisher powered by Blockchain focused on connecting & promoting fans & athletes of niche sports.?

The Dubai-based company helps less well-known athletes connect with their fans and develop their own personal brands.

Get your NFTs early to secure the elite players you need to win Urbanball's upcoming play-to-earn street football game. ?

Learn more:?https://www.ex-sports.io/

This Week in NFTs

The clock is ticking ??, get your wallets ready!

Tokengate sold the genesis drop of the?Beyer Chronometrie AG?Warp Collection in 360 seconds.

On Wednesday the 29th of June, 18:00 (CET), we will launch the public sale of the Beyer Time Warp collection on?www.tokengate.art

More than 150 uniquely designed watches exploring the intersection between traditional watchmaking and the aesthetics of technology, gaming, fashion, and streetwear, will be on sale on our platform.

Don't run out of time -Get yours!

Thats it for this week, see you next Saturday.