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Autograph — the nonfungible token (NFT) platform co-founded by popular American football quarterback Tom Brady has announced the successful completion of a $170 million funding round.
Autograph To Use Fund To Scale Its NFT Technology
According to a Wednesday announcement by Autograph, the Series B round was co-led by Venture Capital (VC) firm Kleiner Perkin and Andreessen Horowitz — otherwise known as a16z.
The round also had in participation, San Francisco-based venture firm 01A, and other private crypto investors like Nicole Quinn of Lightspeed Venture Partners.
Meanwhile, according to the company, the fund raised will be mainly channeled into scaling its NFT technology. However, the remaining part of the fund will be diverted towards a series of futuristic collaborations, even as the firm looks to expand its user base.
Interestingly, it wasn’t just an investment deal between Autograph and investing partners. The collaboration also saw a16z general partner Arianna Simpson, Haun and Kleiner Perkins partner Ilya Fushman joining the board of directors at the firm.
Additionally, the partnership also saw Chris Dixon — another a16z general partner joining the firm’s board of advisors.
With these new additions tools team, Autograph will be hoping to help bolster mainstream adoption of NFTs and cryptocurrencies in general.
Not New To Huge Partnerships
Interestingly, Autograph might have had a series of partnerships in the past but maybe not as much a big deal as this.
Since launching in August last year, the platform has teamed up with major sports and entertainment brands, mostly for NFT collections.
Its NFT marketplace for instance, features NFTs from female tennis superstar Naomi Osaka and skateboarder Tony Hawk, among others.
But it is worthy to note that Andreessen Horowitz has been responsible for backing some of the biggest funding rounds seen in  blockchain projects.
And this just-concluded Series B funding round, might be all Autograph needs in order to fast-track its expansion plans.
 
The post Tom Brady’s NFT Platform Autograph Announces $170M Raise appeared first on CoinGape.


Autograph — the nonfungible token (NFT) platform co-founded by popular American football quarterback Tom Brady has announced the successful completion of a $170 million funding round. Autograph To Use Fund To Scale Its NFT Technology According to a Wednesday announcement by Autograph, the Series ...

coingape.com

Tom Brady’s NFT Platform Autograph Announces $170M Raise

On Wednesday, the Secret Network announced the launch of a $400 million fund in order to expand the application layer and provide grants to ecosystem participants that accelerate user adoption. The market capitalization for the network’s native token SCRT is the third-largest privacy-centric crypto asset market today with a $1.4 billion market cap.
SCRT Labs Launches $400 Million Fund, SCRT Jumps Over 47% During the Last Week
At the time of writing, there is over $11 billion worth of privacy-centric crypto assets today, according to coingecko.com’s “top privacy coins by market capitalization” list. Monero (XMR) and zcash (ZEC) command the top two positions, in terms of privacy coin valuations, on January 19, 2022. The cryptocurrency secret (SCRT) is the third-largest with a $1.4 billion valuation, which represents the 87th position out of more than 12,000 crypto assets today. Secret Network is a privacy coin that features smart contract capabilities as well.

Secret (SCRT) is up 644% year-to-date, and over the last 30 days, SCRT jumped 112% against the U.S. dollar. Weekly statistics indicate that secret has increased by 47.9% over the last seven days. However, out of the $2 trillion crypto-economy on Wednesday, secret (SCRT) is only 0.07% of the entire valuation. During the last 24 hours, there’s been $84.6 million in SCRT trade volume, and its 24-hour price range has been between $8.54 to $9.82 per unit. At press time, Osmosis is currently the most active SCRT exchange, according to coingecko metrics.
The Secret Network on Wednesday announced the launch of a $400 million fund in order to bolster the project and incentivize development. The Secret Network was also chosen by Quentin Tarantino when he issued his collection of seven Pulp Fiction non-fungible token (NFT) assets. The development team behind the Secret Network, SCRT Labs, further revealed that a few notable investment firms have obtained positions in SCRT. The firms SCRT Labs mentioned include Alameda Research, Hashkey Capital, Coinfund, and Defiance Capital.
“We are excited to become supporters of the Secret ecosystem and look forward to helping accelerate its global growth across all verticals and aspects,” Brian Lee, a partner at Alameda Research said in a statment. “Secret Network is the first mover and market leader in solving what is still a core need for Web3: data privacy for applications.”

Fund Will Consist of $225 Million Ecosystem Fund and a $175 Million Accelerator Pool
SCRT Labs details that the funding will be broken down into two parts. First, a $225 million ecosystem fund “comprised of contributions from over 25 existing ecosystem investors and partners, targeted at expanding Secret Network’s application layer (including defi and NFTs), network infrastructure, and tooling.” Additionally, the team says the ecosystem fund “features commitments from 25 partner organizations.”
Then $175 million will be dedicated to an “accelerator pool funded in SCRT that is designed to provide non-dilutive capital, grants, and ecosystem incentives to rapidly expand user adoption.”
“Since our first whitepapers at MIT in 2015, we have worked tirelessly to bring data privacy to all blockchains,” Guy Zyskind, founder and CEO of SCRT Labs said. The CEO added:
We now invite developers around the world to join us in our mission and to build the next generation of Secret Apps that will protect and empower millions of global users.
What do you think about the $400 million fund initiated by SCRT Labs? Let us know what you think about this subject in the comments section below. 



























On Wednesday, the Secret Network announced the launch of a $400 million fund in order to expand the application layer and provide grants to ecosystem participants that accelerate user adoption. The market capitalization for the network&#x2019;s native token SCRT is the third-largest privacy-centr...

news.bitcoin.com

SCRT Labs Launches $400 Million Fund to Bolster Privacy Network’s Ecosystem and Application Layer

The technical chart indicates the overall trend for Chainlink tokens is still sideways. The token price was recently rejected from the $28.7 resistance, which initiated a minor pullback. The price is currently hovering above the $21.1 support, looking for enough demand pressure.
Key technical points: 

The 4-hour-MACD indicator shows its lines are on the verge of crossing below the midline
The intraday trading volume in the LINK token is $1.07 Billion, indicating a 9.6% fall.

Source- Tradingview
In our previous coverage of Chainlink technical analysis, the token price was riding a recovery rally during the first half of January. The price made it to the $28.7 mark, where the intense selling pressure immediately rejected the price by forming an evening star candle pattern.
The LINK/USD pair started to drop again and breached the $23.5 support level. The price is currently trading at the $22.03 mark, indicating a 26.5% loss from the last swing high(28.7).
The Longer SMA lines 100 and 200 have fallen due to the sideways trend in LINK token price. However, the token price is currently trading below 200 SMA, projecting a bearish trend. However, the 50 SMA is still trying to sustain the bullish rally.
The daily-Relative Strength index(43) slope has recently slipped below the midline and 15-SMA line.
Will LINK Token Bulls Lose The $20 Mark Again?
Source-Tradingview
The V-Top bearish reversal in the LINK token price has retested $21 support. The crypto traders looking for new entry opportunities should closely observe the price action at this support for reversal signs.
However, on the contrary now, if the token price violates the $21 support level, the retracement phase will continue, and the price will fall to tower support levels($17).
The Moving average convergence divergence shares the MACD and signal line are on verge of dropping below the neutral zone, indicating bearish momentum. Moreover, the rising red on the histogram chart confirms the strong selling in this token.

Resistance levels- $23.5, $28.7
Support levels are $21and $15. 

The post Chainlink Price Analysis: LINK Token Price Discounted By Over 26%; Is This A Good Buy? appeared first on CoinGape.


The technical chart indicates the overall trend for Chainlink tokens is still sideways. The token price was recently rejected from the $28.7 resistance, which initiated a minor pullback. The price is currently hovering above the $21.1 support, looking for enough demand pressure. Key technical poi...

Chainlink Price Analysis: LINK Token Price Discounted By Over 26%; Is This A Good Buy?

Shib Inu (SHIB) price has been under a correction phase for almost three months now. The SHIB price has lost 68% from the All-Time high of $0.0000883 and is still dropping lower under the influence of a falling wedge pattern. However, this pattern can provide a bullish opportunity if the price breaks free from its resistance trendline. 
Key technical points: 

The daily- Stochastic RSI displays bearish divergence among the K and D line
The intraday trading volume in the SHIB token is $703.6 Million, indicating a 15.6% loss

Source- Tradingview
Previously on our price analysis on Shib Inu, the SHIB/USD pair lost crucial support of $0.000003. The SHIB price was discounted by more than 16% and dropped to the $0.000025 mark. The combined support of this horizontal level and support trendline provided sufficient demand for a bullish reversal.
However, SHIB price was rejected from the overhead trendline of this pattern and started to fall again. The SHIB token price trading above the 200 MA line maintains its bullish trend. However, on the flipped side, the 20 MA is providing strong dynamic resistance to coin price.
The daily-Stochastic RSI shows a bearish crossover among the K and D lines, supporting the ongoing selling in the market.
SHIB Token Price Could Drop To $0.000025 Support
Source- Tradingview
The SHIB price rejected from the $0.00003 resistance is steadily approaching the current lower support of $0.000025. If the price could breach this bottom support as well, the correction rally will extend and drop to even lower levels.

On a contrary note, falling wedge patterns are also known for providing an excellent long trade opportunity, if the price breaks out from the overhead resistance trendline.
The average directional movement index(27) slope has started rising again with respect to the falling, indicating the increasing selling momentum.
The technical chart indicated the overhead resistance for SHIB is $0.00003, followed by 0.000038. On the flip side, the support levels are $0.25, and the 200-day MA

The post Shib Inu Price Analysis: Falling Wedge Pattern May Bring Dip Opportunity In SHIB Token appeared first on CoinGape.


Shib Inu (SHIB) price has been under a correction phase for almost three months now. The SHIB price has lost 68% from the All-Time high of $0.0000883 and is still dropping lower under the influence of a falling wedge pattern. However, this pattern can provide a bullish opportunity if the price br...

Shib Inu Price Analysis: Falling Wedge Pattern May Bring Dip Opportunity In SHIB Token

Luxury car brand, Automobili Lamborghini, has become the latest firm to join the Non-fungible token (NFT) bandwagon. Lamborghini announced an NFT collection that comprises five exclusive digital artworks accessible through ownership of special physical keys. 

Lamborghini’s NFT collection is one with an ‘incredible journey.’
According to a press release by Automobili Lamborghini, an Italian luxury car manufacturer, the company is releasing an NFT collection with a special story. The collection is made up of five exclusive space-themed digital artworks created by a yet undisclosed artist. The collection can be accessed by owning one of five special ‘Space Keys’ created by the same artist. 
The special thing about the physical Space Keys is that they are made from material that has been to actual space. The Space Keys are made from samples of carbon fiber Lamborghini sent to the International Space Station (ISS) in 2019 as part of a joint research effort. 
We love to get out of our comfort zone and discover new spaces. We are glad to announce the Automobili Lamborghini Space Key. A space-themed artwork, consisting of five units created by a secret artist with the carbon fiber material we sent to ISS in 2019, they said. 
According to the press release, more details of the artist’s identity and an auction date for the collection will be announced soon. It adds that the collection was made in cooperation with NFT PRO, an enterprise NFT solution that has worked with the likes of Adidas, Sotheby’s, and Juventus football club in bringing their NFT integration to the market.  
Some of the biggest global brands have adopted NFTs as well
NFTs have been all the latest marketing gimmicks among brands. Last year saw brands cutting the food industry (Taco Bell, McDonald’s, Campbell’s), fashion brands (Louis Vuitton, Dolce & Gabbana, Nike, Gucci), sports teams and athletes (NFL, Juventus, Lionel Messi, Kobe Bryant), as well as technology companies (Atari) release NFT collections. Already in 2022, Samsung has also announced the integration of NFTs in its smart TVs. 
Some others including Adidas and Visa forked out hundreds of thousands of dollars to buy NFT pieces as an alternative investment strategy. Many of these brands are bullish on NFTs as they consider it to be the new gateway to the digital economy that is being built in Web 3 or the metaverse. 
The broader NFT market also saw massive adoption. This January, OpenSea, the biggest NFT marketplace, surpassed its previous all-time high of $3.42 billion set in August 2021 to establish a new all-time high to set a new all-time high of over $3.5 billion in Ether trading volume, as per data from Dune Analytics. OpenSea also witnessed its daily trading volume hit an all-time high of $261 million on Sunday and has sustained levels above $200 million for much of January.
The post Luxury Car brand Lamborghini joins the NFT Bandwagon appeared first on CoinGape.


Luxury car brand, Automobili Lamborghini, has become the latest firm to join the Non-fungible token (NFT) bandwagon. Lamborghini announced an NFT collection that comprises five exclusive digital artworks accessible through ownership of special physical keys.  Lamborghini&#8217;s NFT collection is...

KuCoin Token price	$20.50
Low - High 24H	$19.52 - $20.63
Market cap	$1.58B
Volume 24H	$11.63M
All time high	$28.83 -29.02% December 1st 2021
All time low	$0.342863 5868.41% February 7th 2019
Genesis date	N/A

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