Komoverse Weekly Digest - September Week I
Komoverse Weekly Digest - September Week I
Game Update
Indonesia tech firm GoTo buys local crypto exchange for $8.4 mn USD
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Indonesia tech giant, PT GoTo Gojek Tokopedia Tbk (GoTo) entered the cryptocurrency industry by acquiring a local crypto exchange: PT Kripto Maksima Koin in a bid to diversify its services. Goto announced that they have acquired 100% shares of PT Kripto Maksima Koin for IDR 124.84 Billion (USD 8.38 million) in a statement to the stock exchange regulator on Monday.
“We believe that blockchain technology may play a mainstream role in the future of finance," GoTo said in the statement late Monday. However, GoTo did not disclose further plans for the newly acquired entity. PT Kripto Maksima Koin is among the 25 crypto exchanges that have been granted licenses by Indonesia's Commodity Futures Trading Regulatory Agency, known as Bappebti.
Cryptocurrency has gained massive popularity in Southeast Asia's biggest economy with a total transaction volume of crypto assets in 2021 up more than 1,000% at IDR 859.4 Trillion (USD 57.70 billion) compared to a year earlier, according to the agency's data. It is said that one of GoTo’s goals in undergoing this particular corporate action is to become a diverse money-management hub.
y00ts Mint - by the Team That Brought Us DeGods
y00ts is an NFT collection on the Solana blockchain created by Dust Labs–also the team behind the DeGods NFT collection. Before the idea for y00ts came around, it was previously called Duppies, which they originally planned as an expansion collection to the DeGods ecosystem. Originally, In early July 2022, the team announced an expected Duppies mint at the end of July or early August, but after a Twitter hack, the team changed plans, saying, “We tried some shit. We learned some shit. Now we’re trying some new shit.”
The collection of the y00ts NFTs appears to be crafted around a single image of a sheep with various metadata layered on top to give y00ts their characteristics.? As the native token of the DeGods ecosystem, users can earn DUST by staking DeGods NFTs. The token can also be purchased on the secondary market if one does not own a DeGods NFT or DUST.
The y00ts project can potentially put Solana on the proverbial NFT map as the layer-1 blockchain still plays second fiddle to Ethereum-based NFT collections. y00ts aims to implement its common-sense version of copyright and ownership for NFTs. This could lead to some exciting results for creators and NFT admirers who continue pushing the boundaries of how the technology can be utilized.