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- Ledger Brings New Product To NFT holders
GM. Today we have some tasty tidbits for you. Let's crack open today's Lootbox.
Ledger has a new wallet
Alameda and FTX illiquid investments exposed
The sneakies
Ledger Releases New Hardware Wallet
Crypto hardware wallet manufacturer, Ledger, has announced it's rolling out a new product that NFT holders may find appealing. The wallet is designed by Tony Fadell (remember the Apple engineer who designed the iPod?) and is created with the user in mind.
The wallet utilizes e-ink technology on a small wrap-around credit card-sized screen. Here's the beauty.
What's The Hype?
The Ledger "Stax" has been designed to be a premium product, going beyond the simple Ledger Nano S and most industry counterparts. It doesn't look like a USB drive anymore.
Security of assets is on everyone's mind after the fall of FTX resulting in billions of lost customer assets. Not your Keys, Not Your Crypto.
According to the product page, users will be able to manage over 500 digital assets and NFT collections. They can also explore Web3 apps (using Ledger Live), connecting it to their smartphone via Bluetooth.
“We need a user-friendly — no, a ‘user-delightful’ — tool to bring digital asset security to the rest of us, not just the geeks,”
Let's answer the obvious questions on your mind.
What can it do?
It does the typical Ledger thing, allowing users to safely store their bitcoin, crypto, and NFTs offline in cold storage. In addition, the front of the device will have a fully customizable screen where you can display your NFTs.
How much cash is coming out wallet?
The "Stax" has a pretty hefty price tag of $279.
When can you buy it?
You can currently pre-order from Ledger, but they will also be available in Best Buy and other Retail stores in late March 2023.
Our take
Looks like one more thing to add to my Christmas shopping list. Want to join me? Go to the product page.
FTX And Alameda - Where Did The Money Go?
The FTX saga is a story that when you think it's dead, springs up a new branch.
Financial Times caught wind of a list of all the companies FTX invested in and was going to use as collateral for liquidity.
This bundle of illiquid assets is made up of almost 500 companies split across 10 holding companies. The total value is in excess of $5.4bn.
Now it all makes sense why SBF thought he had cash.
Was gaming involved? Well yes, and we went ahead to compile the game-specific investments for you.
Disclaimer - GM Frens and Lootbox have done their best to fill in some of the holes on the original sheets linked from the Financial times. We can not guarantee this data's accuracy, nor can the Financial Times. Please DYOR.
The web3 gaming table we compiled is a fraction of the companies' total illiquid investments, representing less than 3% of the total Illiquid investments by FTX, Alameda, and their investment arms.
Who's who...on the gaming list
Yuga Labs - Bored Ape Yacht Club, and The Otherside secured a $50M investment.
TripleDot - Web2 Mobile game studio also secured a hefty $50M investment. Oddly enough they have been cautious about entering Web3 and have publicly stated "they will watch, learn, and perhaps be early followers" This was said by a company spokesperson when asked why they didn't lean on the Web3 train during the last funding round.
Find Satoshi Labs - StepN - Only Received $100,000 investment. according to the above sheet. This is surprising to me as StepN did have massive popularity early on.
Mythical Games - Creator of Blankos Block Party, secured a $4M investment. According to their website "believe asset ownership is the future of gaming"...So Do We
Just Won't Die LTD - Secured a hefty investment of $7,495,451. What for? We are not sure. - "Hate to be too vague or mysterious, but we’re in stealth right now. We promise, we’ve got some amazing things coming, so please stand by—you’ll have your mind blown soon enough" - we tried to find some info on this one, but this is all that's on their site.
One thing to note from the data
FTX data management looks sloppy - At least in this case. Many entries were incomplete or lacked some data. There seemed to be no apparent organization other than the sheets provided. As pointed out by FT, many entries have no link to a product or site, suggesting they may be mislabeled.
Side note: Apparently, Caroline was seen at a coffee shop in NYC last week, only a few blocks from the FBI building. Do your thing internet.
The Sneaky News You May Have Missed
Ancient8 partners with Shrapnel: According to an announcement by Ancient8, they have partnered with Shrapnel (AAA FPS Game). Ancient8 is hoping to assist Shrapnel with becoming a top contender in the world of FPS. But why does Ancient8 want to help? Mass Adoption. FPS is one of the largest game types played by online gamers today. Shrapnel intends to bring unique play-to-own and create-to-own designs to give users a new experience in Web3.
Spanish La Liga plans to use Blockchain System for soccer ball certification.
Nefta partners with VIKER to bring blockchain technology to casual mobile games.
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Until Next time...
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