Berachain Bags $100M Funding; Trump’s NFT Trading Plummets; Animation of Azuki NFTs In Works; Bitcoin's Resilience Predicted
Summary:
Berachain, a forthcoming blockchain, successfully garnered $100 million in Series B funding, planning expansion in regions like Singapore, Africa, and Latin America. Concurrently, former US President Donald Trump's non-fungible token (NFT) trades dwindled by 99% amidst his ongoing trial. In the animation sector, companies Dentsu and Chiru Labs are partnering to animate the NFT collection Azuki in a three-part series. Despite a shaky weekend due to geopolitics, Bitcoin is predicted to rebound and trend upwards, as per Galaxy Digital CEO, Mike Novogratz. In additional news, Nigeria pursues extradition of a Binance executive, while Hong Kong's regulatory body may greenlight the first series of spot Bitcoin ETFs.
Berachain, an up-and-coming layer-1 blockchain, recently secured $100 million in their Series B fundraising round. The primary investors included Framework Ventures, Brevan Howard Digital, Hack VC, Animoca Ventures, and Polychain Capital. Berachain plans to utilize this funding to open up opportunities in regions such as Singapore, Hong Kong, Southeast Asia, Africa, and Latin America. Berachain now awaits the completion of its initial network and has already recorded 100 million transactions through its preliminary platform, which is built to support Ethereum-based applications.
The trial of the former US President, Donald Trump, for 34 felony charges has led to a 99% drop in the trading of his licensed non-fungible tokens (NFTs), the Trump Digital Trading Cards. On OpenSea, the online marketplace, the sale of Trump's NFTs became dormant since April 2, while another version saw a marginal rise in sales. Last month, Newsweek reported that these tokens were halted from trading till 2024.
In an innovative collaboration, advertising leader Dentsu has joined forces with creative firm Chiru Labs to animate the popular NFT collection, Azuki. Together they plan to create a three-part animated series named 'Enter The Garden', the first of which will debut at the end of April 2024. In the animation, cameo appearances and product placements of NFT holders' businesses are to be included, according to Dentsu.
After experiencing a significant drop during the weekend due to Iran's attack on Israel, Bitcoin (BTC) is predicted to bounce back and continue its upward trend, according to Mike Novogratz, CEO of Galaxy Digital. He stated that despite the market fluctuations, Bitcoin is resilient and expects it to regain the lost ground soon.
In other news, Nigeria is pushing for the extradition of Binance executive Nadeem Arjarwalla, emphasizing the global scrutiny faced by cryptocurrency companies. Meanwhile, Hong Kong's regulatory body for securities and futures is possibly set to approve the inaugural series of spot Bitcoin ETFs soon, which may serve as a positive catalyst for post-halving price rally.
Published At
4/15/2024 9:04:33 AM
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