Three Arrows Capital's NFT collection, Grails, is valued at over $20 million, according to Dune Analytics. This and more news can be found in this handy daily digest to keep you up to date with the latest developments in the crypto world.
Sotheby's to auction 3AC's NFT collection
📍Three Arrows Capital's Grails is up for auction worldwide. The Grails NFT token collection, which belongs to the failed Three Arrows Capital (3AC) cryptocurrency fund, will be auctioned live by Sotheby's.
In a press release, Sotheby's said that the first pieces from 3AC's crypto collection will be auctioned during Marquee Sale Week, which will be held in New York City on May 19. The auction house will continue with other sales formats, including private sales, to bring the collection's digital works to the global market.
3AC's Grails crypto collection includes NFTs of high cultural and monetary value, such as pieces of CryptoPunks, Ringers and Autoglyphs.
Sotheby's highlighted that this collection of NFT tokens comprises some of the most important and exceptional digital works of art ever assembled.
"As true grails, these works, and the collection as a whole, represent some of the best of the era of Contemporary Digital and Generative Art," the auction house said.
The sale of Grails was authorized by the courts for reimburse to the creditors of 3AC, which declared bankruptcy in the middle of last year.
The Vatican's legacy on the Web3
📍The Vatican relies on Web3 to preserve its cultural heritage. The Vatican's cultural assets and property will be digitized on the blockchain as NFT tokens. According to reported The Vatican Apostolic Library is developing a Web3-based solution that will enable it to digitally archive its more than 2 million books, manuscripts and other assets of historical and cultural value.
The solution that the Vatican will use to preserve its assets and archives is being developed by the NTT DATA platform. According to this company, in addition to the preservation of assets, the digital solution will also help the institution to facilitate search systems, allowing the location of data and documents quickly and effectively to promote their review and consultation.
NTT DATA head Asahi Hasebe highlighted how digitalisation will open the doors to millions of people to the institution’s historically valuable assets. “If digital data is archived correctly, it is possible to easily and freely find and view whatever you want, no matter where you are in the world,” Hasebe explained.
China will pay full salary in digital yuan
📍China will start paying its public employees with the digital yuan. Salary payments in digital yuan will begin in the city of Changshu, according to a report by local media outlet Weixin.
According to the news, Changshu authorities announced that, starting in May this year, the digital yuan will be implemented as a form of payment for all its public officials, including commercial personnel and staff of state units at all levels in the city.
CUBO+ launches to train Bitcoin and Lightning Network developers
📍El Salvador launches Bitcoin developer education program The education and training program for Bitcoin and Lightning Network developers in El Salvador, called CUBO +, will begin this Monday, April 24, with its preparatory phase, in which a total of 54 students will be trained.
On Twitter, the National Bitcoin Office of El Salvador detailed that, in its first phase, CUBO+ will cover various topics such as economics, monetary history, theory, and more. This first phase of the training program will last 2 months, followed by a live conference.
The second phase of CUBO+, which begins in July, will be “intensive and in-person,” the National Bitcoin Office said. During this phase, students will participate in a two-week coding bootcamp.
The tutorials will be part of the third phase of CUBO+ and will take place between August and October.
El Salvador announced CUBO+ in mid-March as a program that will boost the country's technological development alongside national and global adoption of Bitcoin.
Continue reading: European Parliament approves MiCA law and Travel Regulation for cryptocurrencies
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