https://www.digitaljournal.com/pr/is-vitaliks-mom-solution-for-ethereum-scallingMetis still has an incredibly low market cap due to mainstream attention only getting started as we speak. And the fact that they already have put together a $100M fund from VCs (managed by Vitaliks mother) to support just the Metis ecosystem is simply insane.
Binance was one of their $1M hackathon sponsors. They already have more than 60 partners from the fields of DeFi, NFT, DAO, Gaming, Metaverse, Launchpads, Infrastructure, SocialFi and Web2 onboarded and have a huge backlog of projects waiting to be implemented.
The CEO Elena and Natalia, Vitaliks mother, are deeply connected within the ETH community and also helped Aave to become what it is today. Needless to say Aave is being integrated into Metis at this moment.
They managed to secure sponsorships by the likes of Microsoft, IBM and the Royal Bank of Canada for their Cryptochicks organisation, and “coincidentally” the Metis team gave a presentaion of their tech to the Royal Bank. We can probably expect a whole lot in the future.
https://www.youtube.com/watch?v=zJirQ6ZX23QAlgofi Liquidity Protocol Launches on Algorand!
19 Dec 2021
https://securitize.io/press-releases/spglobal-partnership-launches-tokenized-index-funds?s=09 Accredited and institutional investors have access to S&P DJI’s indices in a tokenized format for the first time, at a low management fee of just 0.5%. The funds will be offered through Securitize’s digital asset management arm, Securitize Capital, and available on its alternative assets marketplace, Securitize Markets, alongside Securitize Capital’s existing Bitcoin and USDC yield funds.
The funds are open for investment immediately and are tokenized using the Algorand blockchain protocol.“S&P DJI’s innovation and leadership in tokenizing its indices is a major sign that institutions understand the many advantages of tokenization--from efficiency to easier investor access--and, I anticipate will be the start of a wave of tokenized funds over the coming months,” said Scott Harrigan, CEO of Securitize Markets. “Securitize Markets offers institutional, accredited and retail investors a diverse and growing range of tokenized investment opportunities under one roof, from equity in private businesses to yield funds to, now, index funds, and we couldn’t be more excited to work with S&P DJI.”
“S&P DJI is the world’s leading index provider, making the launch of these first tokenized S&P funds today a bold and important signal to the markets that S&P DJI intends to continue its leadership as traditional finance is quickly becoming digitized,” said Wilfred Daye, Head of Securitize Capital.
We have a great relationship with Algorand and issued the largest-ever Reg A+ capital raise on their chain, so when we decided to launch these exclusive funds tracking two of S&P’s most innovative indices, Algorand was the natural choice due to its speed and cost efficiency
[Mod note: Consecutive posts merged]