OpenSea Streamlines NFT Launches while Fidelity Adds to its Crypto Offerings – Aspen Market Daily

Daily Market Wrap

• Crypto market cap: 959.93 Billion, up 0.16%
• BTC price stands at USD 20,230, up 1.73%
• ETH price stands at USD 1,353, up 0.69%
• Top gainer: Helium (HNT), up 8.60%
• Top loser: Terra (LUNA), down 4.70%?

News of the Day?

OpenSea Streamlines NFT Launches for Artists

Why it matters:

• OpenSea launches SeaDrop, an open-source smart contract which will streamline NFT project creators’ deployment of smart contracts, allowing creators to?
• SeaDrop handles all technical complexities and enable drops across EVM (Ethereum Virtual Machine) compatible blockchains, such as Polygon and Ethereum and will soon be available for Optimism, Arbitrum, Avalanche, Gnosis Chain, and BNB Chain
• Drops registered with SeaDrop can be easily tracked as it is recorded on-chain and bulk minting on SeaDrop should be cheaper

Crypto Daily Spotlight

Fidelity Reveals $5 Million Ethereum Index Fund

Brief introduction: Ethereum is a smart-contract enabled Layer 1 blockchain. Its execution layer, previously known as ETH 1.0, uses Proof-of-Work (PoW) to validate transactions, which contributes to its scalability issues. Recently, the Merge has been completed and has transitioned Ethereum to its next phase (formerly known as Ethereum 2.0) as the network’s entire blockchain moves to a new system called proof-of-Stake (PoS), which proponents say will make it more efficient, sustainable and scalable. Many other firms are offering Ethereum funds, such as Bitwise’s Ethereum index fund launched in 2018.

Why it matters:?

• Fidelity has registered its Fidelity Ethereum Index Fund, in which the bank has $5 million invested in on Tuesday, which first sold on September 26
• With 34 million retail customers and $4.5 trillion on its books, Fidelity is rumoured to been expanding its crypto offerings to its retail investors
• This fund can be purchased after markets have closed, at set rates, requiring a minimum investment of $50,000

Daily Sector Tracker

Daily News Roundup

1. Custodian Anchorage Adds to Asia Push With Batch of Institutional Crypto Partners https://bit.ly/3ebiMo7
2. Coinbase expands to Australia with focus on institutions in 'months to come’ https://bit.ly/3yhOdnK
3. Crypto ATMs emerging as popular method for crypto scam payments: FBI https://bit.ly/3ygVMLp
4. Celsius Co-Founder Dan Leon Resigns After Mashinsky’s Exit https://bit.ly/3ylrjvF
5. With Crypto Governance in CFTC Crosshairs, SushiSwap Mulls Legal Shakeup https://bit.ly/3Efsy3m

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