Tag: tezos

Robinhood Lists Lending Protocol Aave and PoS Blockchain Tezos, Now Offers 19 Crypto Assets

Popular crypto trading app Robinhood has announced support for Tezos (XTZ) and Aave (AAVE), meaning users can buy and sell them on any of its platforms. The 18.7 million active monthly users on the trading app would also have the option to trade Solana, Polygon, and Avalanche that were added this year. With the addition of Tezos and Aave, Robinhood now offers a total of 19 assets to trade in. Robinhood also listed its first stablecoin last month in the form of a USD Coin.

It is important to note that Aave is a decentralised lending protocol while Tezos is a proof-of-stake blockchain network and these both native tokens that are now supported by Robinhood have a market capitalisation of more than $1 billion (roughly Rs. 8,279 crore).

Last month, Robinhood also listed its first stablecoin in the form of USD Coin. The trading app also recently announced it has launched its beta Web3 wallet and allowed 10,000 waitlisted customers to participate in the testing phase. The project is only available on iOS devices and allows users to trade cryptos without paying any network fees. By connecting to other decentralised applications, users can also earn yield.

According to Robinhood’s CTO and general manager Johann Kerbrat, the wallet makes Web3 more accessible to everyone by eliminating all the possible complexities. Polygon was selected as its exclusive blockchain partner due to its “scalability, speed, low network fees, and robust developer ecosystem.” Robinhood has further disclosed that it will become a multichain wallet and support a wide number of blockchains.

“Leveraging the Polygon network provides a strong infrastructure for Robinhood Wallet due to its scalability, speed, low network fees, and robust developer ecosystem to provide one of the best trading experiences for customers. We are excited to partner with Polygon for our initial launch and look forward to offering multichain support in the future,” said Robinhood’s senior product communications manager Oliver McIntosh.

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eBay Debuts Sports-Themed NFT Collection on Polygon, Tezos-Based ‘OneOf’

US-based online e-commerce giant eBay has ventured into the world of non-fungible tokens (NFTs) with the release of its debut collection on the ‘OneOf’ NFT platform. This marks eBay’s first foray into the world of digital collectibles. Its first NFT collection is themed around sports and the price range of its pieces go from $10 (roughly Rs. 775) to $1,500 (roughly Rs. 1.15 lakh). NFTs have been witnessing major attraction from Web3 supporters. Inspired by game characters, avatars, and art among other things, NFTs make for an integral part of the virtual assets category as well as the Web3-backed metaverse sector.

‘Genesis’ is the name of eBay’s NFT collection. It features 3D and animated representation of Canadian hockey legend Wayne Gretzky. NFT versions of other sport players who made it to the covers of the Sports Illustrated magazine over the years, have also been listed for sale.

In a Twitter post, eBay shared a glimpse of its NFT series.

“NFTs and blockchain technology are revolutionising the collectibles space, and are increasingly viewed as an investment opportunity for enthusiasts,” said Dawn Block, VP Collectibles, Electronics, and Home at eBay.

Meanwhile, for ‘OneOf’, this is just another feather in the hat. The platform is popular among celebrities and brands, especially from the music industry.

In December last year, American rapper Pitbull aka Mr. Worldwide entered into a multi-layer deal with OneOf with an undisclosed amount of money in the loop. The singer-rapper is expected to launch his own NFTs later.

In 2021, music industry’s most prestigious awards, The Grammys also partnered with OneOf for a three-year series of NFTs.

“You don’t have to be a crypto expert to buy, sell, and collect NFTs. OneOf and eBay are bringing transformative Web3 technology to the next 100 million non-crypto-native mass consumers,” Lin Dai, the CEO of ‘OneOf’ said in a statement.

The sales of NFTs reached some $25 billion (roughly Rs. 1,84,700 crore) in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar showed.

Several established platforms from various sectors are chasing NFTs to get more engagement on their platforms.

This month for instance, link aggregator platform LinkTree added NFT features to its platform.



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