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- Selling of real estate based NFTs
- TBD Square and All in One App
- Bullish Cryptocurrency Exchange
Real Estate Based NFTs in the Alibaba Art Festival: NEAR Protocol (NEAR) is collaborating with Web3Games, a blockchain gaming company, and Chinese artist Heshan Huang to help him sell his non-fungible token (NFT)-based “real estate” at Alibaba’s Taobao Maker Festival this year.
For clarity, Alibaba Group Holding Limited, also known as Alibaba Group and Alibaba.com, is a Chinese multinational technology company specializing in e-commerce.
Taobao is a Chinese online shopping platform, which Alibaba owns. The platform facilitates C2C services for small businesses.
NEAR is an open-source platform that makes it easy for creators, communities, and markets to drive a more open, interconnected, and consumer-empowered world. It is easy to build an app using NEAR protocol in just 5 minutes.
By bridging blockchain technology, NFTs, and DeFi with virtual gaming, Web3Games makes it possible for players and developers to take ownership of their gaming experience.
Heshan Huang is a Chinese artist who is ranked among the Top 1,000,000 globally.
NFTs, mostly built on decentralized public chains with native coins, appear to have escaped China’s new crypto crackdown.
Jack Dorsey Square and TBD: Square has unveiled a new initiative called (TBD) Think Before Dropping by collaborating With Seller Cash App and Tidal All in One.
Jack Dorsey, CEO of Twitter, expressed: Primary focus of establishing the TBD, the open developer platform is to make it clear to create non-custodial, Permissionless, and decentralized financial services.
Reportedly, they claim that they will have an “open road map, open development, and open source.”
Reportedly, Dorsey is set to make it easy to create decentralized financial services open source. He is combining the talents at Seller Cash App and Tidal All-in-One to get this project going. Mike Brock is set to lead Dorsey’s new business. Past performances and potential to achieve results is the major reason for the Square to acquire TIDAL. Thus, they are focusing on making Bitcoin (BTC) more than an investment.
Bullish Cryptocurrency Exchange: S.B. Northstar L.P., a unit of SoftBank Group Corp., has agreed to invest $75 million in Bullish. Of note, Bullish is a cryptocurrency exchange that is not yet operational. The Bullish cryptocurrency is a startup, and they are preparing to go public by a merger with a special purpose acquisition company.
Of note, The Investment Business of Holding Companies segment is led by SoftBank Group Corp. They conduct investment activities, either directly or through subsidiaries, as a strategic investment holding company.
S.B. Northstar L.P. is set to acquire 7.5 million Bullish shares for $10 each at the time it combines with Far Peak Acquisition Corp. These details were filed on July 09, 2021, with the U.S. Securities and Exchange Commission. They are also set to buy 3 million warrants to purchase shares of Far Peak, the SPAC taking Bullish public in a move that will value the combined entity at about $9 billion.
