Temasek Holdings Invest in Immutable X

https://www.businesstimes.com.sg/garage/immutable-raises-us200m-in-series-c-round-led-by-temasek


I have been trading $IMX for some time and the price recently went into free fall, not to mention the ongoing conflict which made it worse, and also GameStop dumping their awarded tokens (which is part of a deal to create a NFT marketplace), and of course I averaged down gently.

Then yesterday night suddenly shot up, I searched around and realised that it is because Immutable X announced a $200M funding led by Temasek.

I saw the AMA with Robbie Ferguson, he is a really energetic and very smart guy, maybe he is a big reason why the project can attract the funding, I think this project will go very far, actually looks pretty solid. There's also staking in the works (see the second link below), I think maybe that's why they are reserving so many tokens, according to coinmarketcap, only 12% in circulation.

https://coinmarketcap.com/currencies/immutable-x

https://tidy-tv-abc.notion.site/Immutable-X-Roadmap-03424897739a472eb91492e40d3c8c7c

If you are wondering what is the deal between Immutable and GameStop: https://www.sec.gov/Archives/edgar/data/0001326380/000132638022000012/a102-grantagreement.htm

GameStop's Ethereum wallet: https://etherscan.io/address/0x8c1dcea14acce463d8806928860899ad6c8f615b#tokentxns

Actually I'm more curious to find out how many other crypto-related projects have Temasek invested lol, kind of a surprise their name suddenly popped up again, I think I saw their name sometime early this year for another project, can't remember which one.

Anyway, cheers, take care, stay safe, stay healthy!










Comments

Post a Comment

Popular posts from this blog

Long-Term Visit Pass - Plus (LTVP-PLUS)

http://www.ica.gov.sg/news_details.aspx?nid=12665 Good news for those of us who cannot get PR for our beloved spouse, because the Singapore government has come up with a enhanced long-term visit pass called LTVP-PLUS or LTVP+. I'll sum up the key points in the FAQ provided by ICA so you don't have to go through one big page. Do let me know if I missed out anything or correction is required by dropping a comment. GENERAL LTVP+ will be in effect from 01 Apr 2012. LTVP+ holders will enjoy extended duration of residency, public healthcare subsidies and easier access to employment. No separate application required for LTVP+; an application for LTVP will automatically include your spouse for LTVP+, if eligible. LTVP applications submitted from 01 Feb 2012 will automatically be considered for LTVP+. The first approved LTVP+ will grant 3 years residency and subsequent renewal will be 5 years. Current holders of LTVP will be considered for LTVP+ on next renewal. If holde...
Read more

How to Marry a Thai in Singapore

Image
You should refer to here -  https://www.rom.gov.sg/reg_info/rom_marriage.asp Please spend some time to go through and understand the information on that section (legal provision, other information, filing of notice, solemnization and etc), if your still not sure, feel free to drop a comment here or you can use their FAQ . The ROM website did a really good job of putting together the information that you need in a well-organized manner. I've done it once and I think the guide is very easy to follow. The only hiccup I've had with my marriage is during the  Appointment for verification & Statutory Declaration where both of us were required to read out a wall of text and my wife had difficulty getting past the first few lines and the counter guy got fed up and told my wife to stop. Definitely my oversight as I didn't arrange for an interpreter beforehand but luckily, there was a licensed interpreter at the scene and we managed to get her to do the interpretation ...
Read more

Commission Calculator for DBS Vickers SG Stocks

Made this little tool to help me calculate the costs of buying or selling a stock, just enter number of shares and price and it will show both buy and sell costs at the same time. Can even choose by cash upfront, online or phone and it will calculate using respective rates. Cash Upfront ONLINE By Phone Shares: Price: Value: Commission: Clearing Fee: ...
Read more