Blockchain researchers have identified several Ethereum token transactions from wallet addresses linked to FTX's investment arm, Alameda Research. This and more news is in this handy daily digest so you're always up to date with the latest developments in the crypto world.
Alameda Research addresses move $100.000 to DEX platforms
📍Recent transactions from addresses linked to Alameda Research have sparked the curiosity of researchers. Blockchain security firm Nansen has identified several transactions of Ethereum-based tokens that were sent from wallet addresses linked to Alameda Research to two new wallets. In these wallets, the tokens were exchanged for Ethereum and stablecoins such as USDT and USDC.
The exchanged tokens were later sent to multiple addresses on FixedFloat and ChangeNow, two decentralized cryptocurrency exchange platforms.
Although the reason behind these transactions is unknown, researchers point out that this is an unusual move, especially after the cryptocurrencies were sent to DEX platforms. The amount of the transactions carried out recently amounts to $100.000.
New brands are interested in Web3
📍Jewelry maker Harry Winston and iconic skyscraper One Times Square are interested in the Metaverse and NFTs. According to trademark attorney Mike Kondoudis, Harry Winston has plans to create virtual products, such as clothing, glasses, handbags, jewelry and watches using NFTs.
The prestigious luxury jeweler has filed a patent application with the United States Patent and Trademark Office (USPTO) to outline its plans. In addition to virtual goods, Harry Winston is also interested in opening a store to trade its virtual goods and products in NFTs.
Separately, the company that owns the iconic 25-story One Times Square building also submitted a trademark application to the USPTO in order to register for the creation of virtual products such as NFTs and offer services in the Metaverse.
According to the application submitted to the federal office, One Times Square plans to create virtual clothing and accessories, as well as offer wedding services and much more in the metaverse.
NFTs are breaking into animal protection
📍NFTs help Kia and the Petfinder Foundation fund pet shelters. One of the world’s largest car manufacturers, Kia, is helping over 22.000 pets find a new home through NFTs. Kia launched a collection of 10.000 generative NFTs to support animal shelters in the US to keep rescued pets healthy alongside the Petfinder Foundation.
According to the company, 90% of the sales generated by the crypto collection have been donated to the Petfinder Foundation. In addition, 10% of the secondary sales of each of the 10.000 Kia NFTs are being given as royalties to the same foundation.
In February, Kia launched a collection of 10.000 NFTs on the Tezos blockchain, inspired by the digital dog “Robo Dog” used during the presentation of the Kia EV6 electric car. The NFTs in this crypto collection were given away by the company.
China to launch official NFT marketplace next year
📍The Asian giant has developed a marketplace for digital collectibles. The marketplace platform will be available in 2023 and will be unveiled via an event on January 1. The launch of this marketplace platform for digital assets represents China’s first official foray into the NFT world.
It should be noted that China has imposed hostile regulations on the crypto industry, including NFTs, which cannot be purchased using cryptocurrencies and cannot be used for speculation.
Continue reading: Charles Hoskinson will challenge the crypto community to break Lace wallet security
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