U.S. mass media company Fox Corporation has made a strategic investment in digital content management firm Eluvio to help develop Fox’s nonfungible token business.An announcement on Aug. 25 reported that Fox Corporation's investment marks the completion of Eluvio's Series A funding round at a valuation of $100 million. Eluvio is a company dedicated to managing, distributing and … [Read more...] about Fox Corporation backs Eluvio’s $100M raise as part of its content plan for NFTs
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Strike’s Jack Mallers sets the record straight as Fox makes case against Bitcoin in El Salvador
Jack Mallers, the CEO of Bitcoin wallet firm Strike, worked with the El Salvadorian government as an advisor on Bitcoin infrastructure.This entailed living in the country for three months to decide policy on solving “spillover” of monetary expansion and inflation of the dollar and how to deal with financial inclusion in a country where 70% of people are unbanked.But the idea of … [Read more...] about Strike’s Jack Mallers sets the record straight as Fox makes case against Bitcoin in El Salvador
ShapeShift takes aim at gas fees with new FOX token functionality
In a blog post today, noncustodial wallet and decentralized exchange aggregator ShapeShift announced expanded functionality for its FOX rewards token designed to mitigate gas fees — or, as the project put it, turn the token into “the Gas-Guzzling Philanthropist of the DeFi Forest.”“FOX Tokens now have the added superpower of helping you pay for gas when you trade on … [Read more...] about ShapeShift takes aim at gas fees with new FOX token functionality