Many know nonfungible tokens (NFTs) for their original take on art. However, their utility is much more significant with use cases such as event ticketing. The current market for live event ticketing is estimated to be worth $72 billion and is projected to reach $95 billion by 2026. Unfortunately, despite significant growth, the ticket has not evolved past the barcode. However, it isn't the format alone that makes the ticket inefficient; it is the concept. The traditional ticket has received criticism for its ability to be sold on secondary markets at a much higher price, enabling scalpers to profit at …

A new initial exchange offering (IEO) token launch platform achieved liftoff last week, starting with a crypto-industry focused social media platform as its first project. Created by the three-year-old, zero-fee cryptocurrency exchange Digitex, Blockfunder’s first IEO project is Blockster, a fully featured social media platform targeting a very specific community: Crypto enthusiasts and blockchain “hustlers.” Blockster — the name being a mash-up of blockchain and hustler — claims to be “a groundbreaking social network built just for crypto” that it believes can become “the kind of home base the crypto community is missing.” The premise is fairly simple: Start by …

An initial public offering is the classic way to take a company public, but many crypto companies bypass the regulatory scrutiny with a backdoor SPAC merger By Connor Sephton If you want to sell stock in an American company to the public, traditionally you hold an initial public offering, better known as an IPO. An IPO starts with the long, arduous, and expensive process of filing an S-1 Registration Statement with the Securities and Exchange Commission (SEC). Of course, the purpose of an S-1 is to make sure companies are disclosing everything the public needs to know to make an …

Coincheck’s goal of conducting the first-ever initial exchange offering in Japan is moving closer to becoming a reality. According to a release issued on Monday, the Japanese crypto exchange announced that the Hashpalette (HPT) initial exchange offering will take place in the summer. IEOs are a modified form of initial coin offering, where a crypto exchange platform acts as an intermediary between token issuers and investors. Coincheck partnered with Hashpalette back in August 2020, with plans for HPT to become the first IEO-issued utility token in the Japanese crypto market. At the time, the plan was coming on the heels …

Base-money protocol Ampleforth announced the launch of a new governance token Wednesday, setting the stage for further expansion and community engagement following a successful year of adoption. The project said that the FORTH token is meant to serve as the basis of Ampleforth’s evolution, with more than 75,000 users set to become founding members of the governing body. Holding FORTH tokens will entitle users to propose and vote on changes to Ampleforth’s protocol. A total of 15 million governance tokens will be available to claim over the next year. Regarding the tokenomics of FORTH, Ampleforth said: “A perpetual inflation rate …

The coronavirus pandemic has shaken up the world of work — igniting an entrepreneurial spirit in the hearts of thousands. A recent article in The Wall Street Journal claimed that applications for new U.S. businesses have been rising at the fastest rate since 2007. But one crypto-focused company says aspiring business owners face a big problem: The current solutions for getting their ideas off the ground are slow, expensive and centralized. Ideaology’s goal is to bring everything that a budding entrepreneur would need under one roof — and the organization has the ambitious target of reaching 100,000 people this year. …

Mate Tokay, Bitcoin.com’s former CEO, is taking legal action against a small-cap crypto he advised for reportedly failing to pay him 37.5 million Bridge Token (BRG) worth $525,000. Tokay claimed that he was never paid for his services, despite the project using his name for recognition to attract investment for Bridge's $8 million initial exchange offering three months ago. He added that Bridge’s founder, Sina Estavi, offered to compensate Tokay with “a far lower sum” than what was agreed in their contract, adding that other advisors have allegedly received similar treatment. At current prices, the reportedly promised stash of 37.5 …

A project with big ambitions to become the biggest blockchain ecosystem in 2021 and beyond is building a platform where companies can discover talented freelancers, entrepreneurs can develop business ideas through crowdfunding, and passionate investors can get involved with startups they believe in. Ideaology says it is creating Active IDEA because there is an urgent need for a productive, digitally focused, self-sustaining environment where businesses can be nurtured and careers can thrive. In time, it’s hoped that aspiring businesspeople will be able to turn their vision into reality with the help of a community who can offer financial support, advice, …

The Securities Commission Malaysia has issued revised guidelines governing digital assets, effective as of Oct. 28. These are intended to regulate initial exchange offerings, or IEOs, and digital asset custodians. According to the SCM, the rules aim to promote “responsible innovation in the digital asset space, while at the same time managing emerging risks and safeguarding the interests of issuers and investors.” As Cointelegraph reported, the SCM first published a regulatory guide for IEOs back in January. This laid out rules which enabled companies to raise funds via token issuance only through an approved and registered digital asset exchange, but …

Atari will conduct a public token offering on Bitcoin.com in early November. As soon as the offering is complete, the ERC-20-based AtariToken will become available for trading on the Bitcoin.com exchange. While the precise details of the token sale are yet to be announced, Atari CEO Fred Chesnais told Cointelegraph that he believes the token sale could take as little as one second: “It depends. It could be 1 second, could be 1 hour. It depends on the amount you set as a hard cap and how much you are raising. So I don't know. I can't really answer that …

On August 24, INX launched a tokenized initial public offering or IPO which was cleared by the SEC. The company describes its mission as bringing "regulated digital asset opportunities to institutions and retail investors". The following day, several crypto influencers tweeted what appeared to be promotional statements about the company and its token. Stefan Jespers, known as WhalePanda on Twitter, compared the INX token to Binance's BNB: Source: Twitter. A similar sentiment was voiced by Jameson Lopp, the CTO of Casa and a self-proclaimed cypherpunk: Both Jespers and Lopp are considered Bitcoin maximalists — a group that some categorize as …

The COVID-19 pandemic has been a challenge for everyone, but it has created many opportunities for us in the blockchain industry. In most industries, sales vectors are declining, as bankruptcies and layoffs rule the day. But companies in the crypto and blockchain space have been expanding, hiring and applying for new licenses. The pandemic has caused suffering in this industry, as in others, but the fundamentals of crypto are better than those of traditional financial markets. We will experience some reshuffling, but the crypto and blockchain industry will become stronger through this crisis. Newmarket participants are looking for derivative and …