UFC Gloves are Being Tokenised for Fans

What’s the latest in the world of tokenisation?

• 🥊 UFC Fighting Gloves are Being Tokenised

• 💵 USDT’s Tether to roll out Tokenisation Platform?

• 🤝 Buy and sell tokenised funds from the likes of Blackrock

Let’s get to it.

Read Time: 4 Minutes

Latest Developments

UFC

🥊 UFC Fighting Gloves are Being Tokenised

What’s being tokenised: The UFC has just revealed its newest official fight glove, named "3Eight5Eight".

Why is this important?

• They were designed in collaboration with blockchain technology company AnRKey X™.

• The gloves incorporate NFC chips for authentication and tracking to the well-known blockchain - VeChain.

• It aims to enhance transparency and security for fighters and fans alike.

• An initial set of 12 exclusive gloves will be sent out to some high-profile celebs, such as Joe Rogan.

What does it mean for investors: First of all this is important to help prevent fraud in the secondary markets for collectors. This move also signals the increasing integration of blockchain technology into mainstream industries, opening up new opportunities for investment in companies pioneering these innovations.

TETHER

💵 USDT’s ‘Tether’ to roll out Tokenisation Platform?

What’s being tokenised: The CEO of Tether - Paolo Ardoino, head of one of the leading stablecoin issuers worth over $109 billion, teases a new fully non-custodial tokenisation platform for any real world asset.

Here’s what Paolo had to say:

“Hundreds of millions of people that live in countries subject to the fast devaluation of the local currency use it as their checking account and savings account.

A good portion of this community does not have a single bank account because they are too poor to be of interest of the banking industry. This is the real-world use case for stablecoins.” 

Why is this important?

• Aiming to provide users with more control over their assets.

• This could potentially reduce counterparty risk associated with centralized exchanges.

• It would be expected to offer greater security and decentralisation for tokenized assets.

What does it mean for investors:  This development underscores the growing demand for decentralised solutions in the crypto space, especially for those around the world who are frequently and often overlooked in the current financial world potentially offering investors new avenues for diversification and risk management.

L1 ADVISORS

🏦 Buy and sell tokenised funds from the likes of Blackrock

What’s being tokenised: L1 Advisors, run in tandem by Alex Sismanis (CTO) and Miguel Kudry (CEO) has unveiled a groundbreaking platform aimed at revolutionising the finance industry. Through the use of Securitize (notice a common theme here for a bridge between tradfi and onchain), the pair have created a non-custodial wealth management platform for crypto natives across the space.

Why is this important?

• Leverages blockchain technology to streamline financial operations.

• Promises increased efficiency, transparency, and security for investors.

• Positioned to disrupt traditional financial systems and unlock new possibilities for investors.

What does it mean for investors:

It’s important for investors they keep an eye on projects like this, as they have the potential to reshape the financial landscape and create exciting investment opportunities in the crypto sector.

The power of blockchain means that platforms like L1 give investors the ability to see what big players in the space are investing in so that they can see where the puck is going to be.

Weekly Resource List

🔭 RWA.xyz: Analytics Dashboard on RWAs - NEW

Explore many asset classes being tokenised in real-time, from Private Credit and U.S. Treasuries to Stablecoins and Real Estate (coming soon). This is a great tool to “easily understand the tokenisation of different asset classes” that institutions and researchers alike utilise (link)

🔭 DeBank: Web3 Portfolio Tracker

When it’s difficult to keep track of what’s where - just sync up any of your wallets and see within seconds where things are. This new gem of a tool we stumbled across gives you a holistic overview of all your holdings across multiple blockchains in one place (link)

👻 Phantom Wallet: Multi-Chain Crypto Wallet

Becoming a favourite wallet to use across crypto. An easy-to-navigate cross-chain compatible wallet (you can use it for SOL & ETH etc) with a user interface that beats most of the competition out of the ballpark (link)

😺🪐 Jupiter: Solana Decentralised Exchange

We only started using Jupiter a few months back and it’s by far our favourite DEX to use. Clean UX, cheap SOL fees, and DCA functionality (link)

🦇 Arkham Insights: Smart Money Insights

An investment tool if you want to understand where ‘Smart Money’ (aka the market makers) are placing their bets then make sure to check it out (link) 

🦙 DefiLlama: Defi Dashboard

Analytics dashboard which shows the Total Value Locked (TVL) across all of the major DeFI protocols (link)

🦎 CoinGecko: Crypto Data and Analysis Platform

Keep up to date with prices, trading volumes, and crucial crypto data (link)

Other Industry News

Want to stay on the cutting edge?

Here’s what else is happening in Crypto you should know about:

1. Bitcoin Halving has been Completed! ✅

   • The countdown has run down to 0 and was finalised shortly after midnight yesterday morning. This now means that miners’ rewards are halved from 6.5 BTC to 3.125 BTC. Supply has been cut and demand is stronger than ever as institutions and nation-states (👀) pour in.

2. IMF says Bitcoin has become a necessary financial tool for preserving wealth

   • The International Monetary Fund called for international cooperation and regulation that include the unique aspects of digital assets.

   • They published a report called “A Primer on Bitcoin Cross-Border Flows” shedding light on how the decentralised nature of Bitcoin is being leveraged by TradFi, especially in areas around the world which experience economic distress or strict capital controls.

3. Polkadot potentially sights a deal with Lionel Messi for over $8 million 

   • Polkadot community believes that the partnerships would greatly help the protocol achieve substantial global reach and exposure with Inter Miami FC - the home of Lionel Messi and owned by David Beckham.

   • Over 70% of the Polkadot community votes favouring the partnership as of so far.

   • It wouldn’t be the first blockchain x football collaboration - with the likes of Tezos sponsoring premier league giants Manchester United & crypto exchange OKX’s sponsoring of rivals Manchester United for over £20 million.

That’s it!

As always, thanks for reading.

Hit reply and let me know what you found most helpful this week—we’d love to hear from you.

Until next Sunday,

The Merge