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Singapore, Aug 9th, 2021 — Mimo, home of the world’s first decentralized, algorithmically-pegged EUR token, is now officially live on Polygon.
Polygon lands a massive integration with Mimo. With easy access to blockchain services all on the strength of a euro stable token, the newly merged DeFi project brings a valuable utility to the network.
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Singapore, Aug 2, 2021 — Amidst continued anticipation of the new ETH network (Ethereum 2.0) by the crypto community, yield optimizer CoinWind has seized the moment and jumped on the ethereum train last week, deploying on the ETH mainnet.
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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.
It has now been two months since the crypto crackdown and subsequent enforcement began. Most new stories are now just the trickling down of earlier national policies being enforced at a provincial level. The latest example was from the Anhui provincial government, as it announced a set of measures to reduce energy consumption, with cryptocurrency mining listed among the culprits. Anhui is a small province east of Shanghai, more known for its scenic rural landscape and agriculture than its contributions to the economic development of China. It’s likely other provinces, particularly ones that rely on coal for energy, will have similar announcements over the summer as the central government pushes for a carbon-neutral future.
On July 13, Chinese mining pool giant Bit Mining announced it had raised $50 million for expansion outside of China. The company is listed on Nasdaq and operates BTC.com, which is currently a top 5 pool for Bitcoin, Bitcoin Cash, and Litecoin. This is another sign that Chinese mining companies aren’t giving up in light of the restrictions at home, instead choosing to relocate the data centers and mining machines abroad.
The disappearing industry left a trail of impressive photographs, including some published by Financial media Caixin. One image that grabbed the attention of social media depicted a woman who appeared to be an ethnic minority holding a bundle of mining equipment and power cables like a flower bouquet.
Former Bitmain CEO Jihan Wu believes that the mining regulations will benefit the industry over the long-term, citing an improved public image and eradication of bad actors. It’s certainly a nice thought, but at the moment, China seems more intent on eliminating all actors, not just the bad ones.
With the upcoming Winter Olympics in February of 2022 looming, Beijing will have the perfect opportunity to show off clear blue skies and clean-energy industries. On top of that, China can showcase its state-of-the-art central bank digital currency, without the confusion stemming from more speculative digital assets that might appear to have similarities on the surface. Those with first hand memories of the 2008 Summer Olympics may also remember the strict regulation against technology and social unrest prior to that landmark event.
The impact is being felt by leading exchanges in China. Huobi’s BTC/USDT pair saw only 109K BTC transacted in the past week, the lowest weekly volume dating back to October of 2018. Global exchanges were also affected by slumping volumes, but not to the degree as these predominately Chinese exchanges. In today’s regulatory climate, there’s no doubt that exchanges proactive in decentralizing operations and risk are better poised to minimize damage from unfavorable policies.
On July 13, the Nanjing Public Security Research Institute announced it was working with OKLink to combat money laundering. OKLink is a blockchain technology firm that has ties to OK Group, a company that used to manage leading exchange OKex. With exchange leadership under incredible scrutiny in 2021, there is no surprise in seeing attempts to placate regulators.
On July 15, cryptocurrency media company Bishijie announced it was shutting down after violating national laws against cryptocurrency. Bishije, which translates to Coin World, had enjoyed a lot of popularity in 2018, prior to the depths of the last bear market cycle. This recent bull cycle never saw it fully recover it’s previous position however, making this only a minor loss for the current cryptocurrency space. It remains to be seen whether other media platforms based in the mainland can survive this trying period of time.
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The concept of NFTs (non-fungible tokens) causing an explosion in the art world is of course not surprising for pundits who have been following the evolution of NFTs since Crypto Kitties. The opportunities that NFT technology can provide is core to why there is so much interest.
TWO TWO is an extreme art gallery that has jumped on the NFT bandwagon in a big way and we have here with us the co-founder Avron Goss who will give us more details of how TWO TWO is navigating art and technology in this new digital art frontier.
Q. Please introduce yourself and what you do at TWO TWO.
My name is Avron Goss and I am one of the co-founders of TWO TWO along with Steven Meistrich and Stacey Maites. I have spent my career building successful businesses globally. I attribute my success to my determined and steadfast nature combined with my process and deliverable oriented approach which I developed while studying Biomedical Engineering and then through the early part of my career in Accenture. Success of a company always comes down to ensuring the community gets a product that they want and need. At TWO TWO my primary focus is to build the platform, processes and team to deliver a thriving token economy. My co-founders are focussed on building a global network of galleries and acquitting world class established and emerging artists for the galleries. We are all passionate about what we do and work well together. I have known and worked with Steven for over 25 years now and Steven has known Stacey for even longer.
Q. Can you describe what TWO TWO is about?
For far too long the art market has been controlled by the elite. Galleries and auction houses control which artists are brought to market and, typically, each gallery works with a small select group of high net worth individuals who receive preferential treatment. When you consider that 82% of art sales are made in the US, China and the UK and that most galleries serve about 75 core customers it is not hard to see that the majority of the world are cut off from access to art.
“At TWO TWO we bring a collection of progressive street, urban and graffiti works seldom seen in galleries, let alone as a single exhibit.”
– Stacey Maites, Co-Founder TWO TWO
There have been a number of attempts in the past to break this, going all the way back to the Salon des Refuses of 1863 which displayed the works of Gustave Courbet, Edouard Manet, Camille Pissarro and Johan Jongkind; all of whose works had been rejected for display by the Parisian galleries because they did not meet the taste requirements of Emperor Napoleon III. Fast forward 150 years and we now have the blockchain, a technology that truly enables the removal of intermediaries. Combine this with NFTs and DeFi and this has profound implications for art.
TWO TWO enables a global community to be the gallery and to find and enable the next Banksy. Talent is no-longer confined to the hallowed and dusty halls of well-known auction houses where only a select few get a seat.
As a gallery, TWO TWO sets out to blur the distinction between real and virtual art and its vision goes beyond that. We are now able to blur the boundaries between the art enthusiasts and the artists too.
Q. Can you explain how the TWO TWO token (X22) functions with the TWO TWO ecosystem as well as its real-world utility?
The TWO TWO ecosystem is built out of a number of real world and virtual components. This includes the TWO TWO Gallery that is about to open in Resorts World Las Vegas, 3rd Party Galleries, Artists, the X22 Foundation, X22 holders and liquidity providers. The X22 token provides the mechanism that enables all these components to work together seamlessly.
“There is no point in creating a token that has no real-world utility. People must clearly understand its use and be given plenty of opportunity to use it.”
– Avron Goss, Co-Founder TWO TWO
There are a number of real world uses for the X22 token, with the following being some of the most critical uses:
Q. Thanks, that was a very comprehensive breakdown of the utility of the X22 token within the TWO TWO ecosystem. We understand your seed investment was oversubscribed. How did you manage that?
We had a very simple philosophy when raising investment — add value. TWO TWO looks to provide value by delivering real world value and, in return, we looked for investors that understand that value and wish to bring value to TWO TWO. By demonstrating our real commitment to value we were able to find the investors that would create a synergistic relationship with us.
“We see our investors as partners in our business, by working collaboratively we can create value for the entire TWO TWO community.”
It is our belief that our investors see the value we bring by combining real world galleries with NFTs and DeFi. We are not about creating a marketplace, we are about creating a long term sustainable market.
Q. What do you see as some of the challenges your project and industry face?
I believe the crypto industry is facing the challenges of scaling and acceptance. Both of these issues are being addressed and will be resolved with time. From TWO TWO’s perspective we are solving these solutions in the following way:
Q. Any other exciting news you’d like to share?
We do have exciting news to share!
Firstly we are in the final stages of launching the X22 token which means that we are running IDOs (Initial DEX Offering) on the 1st July and the 8th July — this is the first real opportunity to grow the community. This will be followed very shortly by our TGE (Token Generation Event) which will then allow open trading of the X22 token. There is no point in launching a token without use so we are also going to be launching V1 of our platform at the same time as the TGE. For details please follow us on twitter and telegram.
From a gallery perspective, we have some truly unique NFTs which we are going to launch in July. One of them is going to be a one-of-one digital image taken from a never before printed negative of a photo taken of Jimi Hendrix at the Monterey Pops in 1967. This is a truly ultra-rare piece and if a target price is reached the buyer will also receive the negative. We also have a great line-up of some truly remarkable and well known artists, such as Nick Walker. Once again, follow us on twitter and telegram for announcements.
Thanks to Mr Avron Goss for the very informative and interesting interview!
More information on TWO TWO can be found at the following links:
Website — https://www.twotwoart.com/
Twitter — https://twitter.com/Twotwoart
Telegram — https://t.me/TWOTWOofficial
Facebook — https://www.facebook.com/twotwoart
Medium — https://medium.com/@twotwoart
LinkedIn — https://www.linkedin.com/company/twotwoart
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Shanghai, China and Singapore, 21 June 2021 — Sinofy Group and yourPRstrategist team up to help tech firms build their branding in China, Singapore, and other global markets.
The purpose of this partnership stems from the natural need of different strategies for international tech brands to convey their stories across diverse regions.
“Cecilia Wong’s expertise and experience in tech, particularly in Blockchain, is one of the well-admired qualities that will bring upside potential to Sinofy clientele and partners,” says Sinofy’s co-founder and angel investor, Amirsan Roberto.
According to yourPRstrategist’s founder, Cecilia Wong, “China is undeniably a leading global force in the new digital economies — producing innovative digital business models, a third of the world’s unicorns no less, while forming a massive marketplace of tech adopters. Sinofy’s vision of facilitating that bridge in marketing and branding into China speaks volumes of their foresight and yourPRstrategist is excited to be a part of this tech story.”
Singapore-based yourPRstrategist is a leading boutique PR consultancy firm specializing in the blockchain and emerging technology industries. Their portfolio of clients includes an array of projects such as MDEX.COM (decentralized exchange), Jetcoin.io (sport and entertainment NFTs), ChainUP (blockchain technology service provider), RedFOX Labs (tech venture builder), SaTT (blockchain smart advertising), Uniris (blockchain biometric ID solution) and Mimo DeFi (Euro stablecoin), amongst others.
The partnership is the result of proven successful, short and long-term projects that have united both entities in bringing more value to their communities and clientele.
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Both Mimo and PAR tokens can now be traded on Bittrex, one of the most secure global exchange platforms.
Singapore, 18 June, 2021 — MIMO, the governance token behind Mimo DeFi, has officially been listed on Bittrex Global. In addition, PAR — Mimo’s stable token which is algorithmically pegged to the Euro — has also been listed. Its appeal to…
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Las Vegas, USA, 10th June 2021 — A new gamechanger in the NFT scene, TWO TWO announced its official launch, dropping big names such as Emmy-Award winner Alan Tietel, whose ‘Match and Arrow’ art pieces have been tokenized into NFTs and are up for public auction.
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Singapore, 7 June 2021 — Vietnam-based RedFOX Labs Joint Stock Company (‘RedFOX’) announces new RFOX Games NFT IP partnership with MarvelousNFTs to present BAD DAYS KOGs Special Edition.
RFOX Games Ups Play-to-Earn with Blockchain
RFOX GAMES is a division of blockchain venture builder, RedFOX Labs, aims to bring a new…
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Singapore, 27 May 2021 — The leading decentralized cross-chain trading protocol MDEX.COM has pulled off quite the coup, with its MDX token listing on top exchange Binance and its entry into the Top 100 rankings on Coinmarketcap.
In the last 24 hours, the MDX trading volume is USD 87 million and $MDX is currently priced at USD…
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