Novogratz’s Galaxy Digital Leads $52.5 Mln Fundraising Round for Crypto-Lending Firm
Crypto-focused merchant bank Galaxy Digital has recently led a $52.5 million fundraising round for crypto-lending firm BlockFi, according a by the company July 24.
Galaxy Digital CEO and founder confirmed in a that he is, “excited to get into the crypto lending business.” With the new round of investment, the startup will reportedly be able to expand its business outside the and to support more .
BlockFi, featuring “loans backed by your cryptoassets,” offers corporate and retail on their digital asset holdings. BlockFi currently offers loans on (BTC) and (ETH).
The New York-based firm was launched in January 2018 by Zac Prince, a former senior vice president of lease payments operator Cognical, according to . BlockFi raised money in two rounds this year, receiving $1.55 million from ConsenSys Ventures, SoFi, and Kenetic Capital in February.
Prince stated that the recent by Novogratz is a “strategic step towards BlockFi delivering credit across the crypto ecosystem,” stressing the company has faced a high demand on crypto-lending services.
“The support we’ve seen from existing clients and investors highlight the strong demand for leveraging bitcoin or Ether for low-cost USD loans. We look forward to expanding our services to support more cryptocurrencies and more geographic markets in the near future.”
Last week, Novogratz that mass adoption of crypto and is “still five to six years away.” The Wall Street exec said that more institutions will enter the industry “in the next two to three years,” claiming that “without that, we will be running in circles.”
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On today?’?s show I am privileged to be speaking with Michael Maloney, the Solution Architect for WAX – the Worldwide Asset eXchange. Wax is quite literally a game changer . . . read on . . .
INTRODUCING THE NEW FACE OF VIRTUAL GOODS TRADING
The World Asset eXchange (WAX) will pave the way for a game-changing use of smart contracts. As a platform, WAX will be one of the most innovative applications of blockchain technology, extending its user base to a global audience of 1.8 billion gamers.
WAX is a utility token coupled with a decentralized platform and will be used by all participants in the virtual item trading industry: listing and selling agents, item transfer agents, appraisers, affiliates and buyers and sellers . WAX has a multitude of uses, including safely transferring digital items between buyers and sellers, apportioning fees out to marketplace participants who facilitate transactions and a payment mechanism for settling trades.
Developed by the founders of OPSkins, the world?’?s leading marketplace for online video game virtual items, WAX is designed to serve the existing 400+ million gamers who already collect, buy and sell virtual items. By decentralizing the isolated and regional marketplaces where virtual items are traded today, WAX fuels the growth in the $50 billion secondary market for video game virtual items.WAX utility tokens will enable 1.8 billion gamers worldwide to quickly and easily harness the power of a fully developed, highly complex virtual item ecosystem. WAX will provide settlement, liquidity, security and other necessary features for an orderly well-functioning market.
CREDITS & VALUABLE LINKS:
www.WaxToken.com
www.Opskins.com
TRANSCRIPTIONS:Great news listeners! Our transcription page is now live on the website thanks to the continuing hard work of one of our loyal listeners who is also a consultant to the show.These Professional transcriptions are provided each week by one of our fans who can be found at:
Ode To Satoshi
Ode to Satoshi lyrics & melody by John BarrettCopyright 2014 RJM Publishing – BMI Nashville.
Lead Vocal, Harmony Vocals, Harmonica, Snare Drum: John BarrettHarmony vocals: John Barrett, Connie Sinclair and Lij ShawGuitar: Jonathan BrownMandolin: Ben MillerBass Guitar: Michael Rinne
Initial tracks recorded by Mark Thornton of Sidekick Sound Studios, Madison, TN. All other tracks Recorded, Mixed and Mastered at The Toy Box Studio, Nashville, TennesseeEngineer: Lij Shaw. Assistant to engineer: Don ?’?œThe Don?’ BatesProduced by John Barrett & Elijah ?’?œLij?’ Shaw
Special thanks to Alan Baird for his dobro, guitar and mandolin playing on many of the shows. Now that?’?s some pickin man! Thanks also to Alex Munoz Guijarro for his excellent pedal steel playing on many of our shows.
Interviews for this episode were recorded and edited by John Barrett at The Tree House Studio – Nashville, Tennessee. All shows are produced by John Barrett with the moral support of his trusty sidekick Maxwell Rascalnikov CoyoTe Rex, aka Max.
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