Clearpool chooses polygon as institutional lending platform, free NFTs from failed Super Bowl ad go viral
Outlook money
Here are some of the latest developments from the crypto world over the past few days
Decentralized finance (DeFi) protocol Clearpool has announced that it will deploy its institutional credit platform, Prime, exclusively on the Ethereum scaling tool, Polygon, network.
“We have been working closely with the Polygon team since we launched the permissionless protocol on Polygon in June,” CoinDesk quoted Rob Alcorn, CEO of Clearpool, as saying.
Clearpool Prime, which is scheduled to start operations before the end of March this year, will act as an institutional-grade capital marketplace, where borrowers can create credit pools, and liquidity providers can invest for returns.
“Expect to see a wide range of borrower profiles: from traditional trading firms to various types of crypto-native players. Prime is also attractive to fintechs that offer lending solutions in the world of TradFi (traditional finance), such as loans in emerging markets,” said Alcorn.
This move from Clearpool is significant, because borrowing and lending activity on competitor protocols such as Maple and TrueFi largely took place on Ethereum’s network.
Polygon has secured notable partnerships with Instagram and Starbucks for its proof-of-stake Blockchain that offers cheaper and faster transactions while relying on Ethereum’s network for security.
DigiDaigaku’s free NFTs sell for $700 despite failed Super Bowl ad
This year’s Super Bowl lacked crypto ads. That said, it was an advertisement for a non-fungible token (NFT)-powered game that contained a QR code that could be scanned for a free collectible. Some viewers weren’t able to get their hands on the free NFT as expected – but some who got it are flipping it for hundreds of dollars.
Web 3.0 gaming startup Limit Break claimed to have paid $6.5 million for the commercial, which announced a free Ethereum NFT coin for its anime-inspired gaming project, DigiDaigaku. The company claimed the ad had a code that would allow viewers to make a free NFT.
However, Decrypt reported that many viewers said that scanning the QR code simply redirected them to the Twitter profile of Gabriel Leydon, CEO of Limit Break.
Some lucky users who received free NFTs traded them for more than 0.5 ETH (over $750) right after the mint, although the price has fallen and risen over time, Decrypt said.
PUMA launches new NFT collection
Iconic sports brand PUMA has announced the launch of a complete digital makeover and PFP NFT project for their mascot “Super PUMA”. The new collection celebrates the brand’s 75th anniversary by ushering in new technologies and experiences.
Super PUMA was originally a comic book published in the 1970s. The brand new PUMA NFT brings the character to the digital realm as a PFP avatar on the Blockchain. With Super PUMA digital collectibles, the company becomes the first traditional brand to establish itself on 10KTF.
Super PUMA holders can thus place digital items on 10KTF items and participate in 10KTF missions.
