United States-based cryptocurrency exchange Coinbase has revealed that Bitcoin (BTC) and other crypto assets have been a key component of its corporate treasury since the company's founding back in 2012.
In a new announcement addressed to other corporate actors, the exchange presented its own experience in managing its treasury position in cryptocurrencies as a solid foundation for advising other private and publicly-traded companies about how to deal with their own prospective investments.
In a newly-published, highly detailed Corporate Treasury FAQ, the exchange provides a thorough overview of the kinds of investment, accounting, and tax policies that companies would need to consider and adopt if they wish to diversify their treasuries into crypto.
Micah Johnson, a former MLB player-turned artist, sold a whopping $1 million worth of tokenized art in just one minute on the Winklevoss-owned NFT marketplace Nifty Gateway.
The auction, which launched on Feb. 21 and lasted for 28 hours, generated $2 million worth of sales in total. The auction sold NFTs representing a painted sculpture made from hand-casted resin dubbed AKU: The Moon God.
The physical AKU sculpture was also sold during the auction, fetching $305,000. The sculpture will be deposited into a vault and is subject to a two-year lockup.
The original “I Can Has Cheezburger?” meme has become the latest symbol of popular culture to be immortalized as an NFT. The meme’s creator, Eric Nakagawa, announced his foray into a series of lolcat NFTs on Feb. 23. “Happy Cat” — the crown jewel of Nakgawa’s NFT release — is being auctioned on NFT marketplace OpenSea, with the highest bid currently sitting at 0.25 ETH.
The 10 piece series, titled “No Fries Today,” comprises early lolcat memes and meme-inspired artwork. Some proceeds of the sales will be donated to charitable organizations, including the American Society for the Prevention of Cruelty to Animals, the Internet Archive, and the World Wildlife Foundation.
Each NFT includes the backstory explaining how the meme it represents was originally created, with Nakagawa stating he exhumed image files from his “ancient personal archive” for the series.
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