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The Yuga Labs digital land sale this weekend , a mass-mint of new NFTs that temporarily clogged the Ethereum blockchain, is not just making money for the company behind the new set of images that may figure in a future digital service. Crypto Bahamas signals stronger ties between old and new worlds of finance. But I wonder.
Most FTX customers have been unable to withdraw their funds from the platform as the Bahamas-headquartered company goes through bankruptcy proceedings. Other African companies that have received money from Alameda and FTX include Chipper Cash, Mara, VALR, Jambo and Bitnob. I never knew it could happen to me.
It wasn’t from lack of interest — or money. By December 12, Bankman-Fried had been arrested in the Bahamas. Haus CEO and co-founder Helena Hambrecht said that Constellation committed to leading the startup’s $10 million Series A, and even offered to advance the startup money as runway began to dwindle. Image Credits: Kite.
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