2021-11-27 00:15:03
Before we get to the market news, we’d like to focus on the most important event of the week for the Nimbus Platform!
Very first l
ivestream with Alex Lemberg has just finished and we want to thank Alex for his speech and our community for their support! Did not have time to join? No worries,
the recording will be uploaded to our YouTube channel tomorrow
Crypto is becoming so popular that even pension funds want to invest in it. This week, Rest Super (Retail Employees Superannuation Trust) shared its plans to acquire digital assets at the annual general meeting. If things go as expected, REST could become the first of the major super funds to signal material inflows in crypto. The question then becomes — are we going to see a wave of similar commitments to the space any time soon?
The answer is most probably yes, as even Macy’s (American holding company) announced that it might launch curated digital marketplace. This way the company looks forward to significantly expand it assortment in existing categories and brands and introduce a range of new categories. Potentially, the newborn digital business could generate Macy’s around $10 billion in sales by 2023.
Finally yet importantly, Adidas Originals has announced a partnership with the crypto exchange Coinbase. It is rumored that one potential area of focus could be non-fungible tokens or NFTs, for which Coinbase is developing a dedicated service.
Have a great weekend ahead and stay safe!
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