Thursday, Apr 28th 2022
“The greatest wealth is to live content with little.” — Plato
The below content and projections are the opinion of the authors. Any conclusions or takeaways are their own. This should not be considered as investment advice. Investing involves the risk of loss and returns are not guaranteed.
1) Dragonfly Capital raises $650M as VC funds flowing into crypto projects show no signs of stopping
Titan’s Takeaway: Crypto-centric capital has been moving at breakneck speeds this year and Dragonfly’s fresh funding is another vote of confidence for the projected growth of the digital asset industry. Just last month, Haun Ventures opened up with $1.5B to go into Web3 initiatives, and in January, FTX launched a $2B fund for crypto investments.
2) Central African Republic adopts Bitcoin as legal tender, becoming the second country to embrace the risk asset
Titan’s Takeaway: Not much is known about the CAR’s plans for cryptocurrency use, and the country is yet to provide a clear infrastructure or regulations around BTC as legal tender. Still, embracing crypto on a state-level is likely to bring financial inclusion for citizens but also carries economic risks due to the volatile nature of the asset.
3) Solana’s Okay Bears set new record for the biggest NFT sellout, beating Ethereum-based rivals
Titan’s Takeaway: Although Ethereum is the current leader in NFT sales, Solana is quickly shaking the foundations of the NFT scene, positioning its network as a worthy rival and attracting fresh capital. With this being the first time a Solana NFT project has beaten Ethereum projects, we expect to see more examples as a new era of growth for Solana unfolds.
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