Donating Cryptocurrency to Nonprofits Just Got Easier Thanks to New Offerings from Classy 3698

Classy, a giving platform that enables nonprofits to connect supporters with the causes they care about, has partnered with Coinbase Commerce and The San Diego Foundation to launch three Crypto Giving Funds, making it easier for cryptocurrency holders to donate to nonprofits. Donors who wish to make tax-deductible crypto donations can choose from funds that benefit a variety of nonprofits in the food relief, health, and community support sectors.

The cryptocurrency market is now worth over $3 trillion, yet it’s estimated that only a few hundred nonprofits are accepting crypto as a donation method. As Classy works to expand the ways nonprofits can tap into new technologies to improve their funding, its Crypto Giving Funds will serve as a way to give nonprofits an easy entry point into the crypto market before Classy launches its own in-house offering next year.

“Nonprofits need to build relationships within the crypto community, which is full of young philanthropists looking for ways to make a difference,” says Chris Himes, Classy’s CEO. “Crypto is the first form of money that’s ever existed entirely online, and it needs to play a more prominent role in funding social and environmental progress. The tax advantages of donating an appreciated asset can be tremendous, so connecting the crypto community with the social sector is a high priority for Classy.”

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Original Basquiat Headlines NFT Auction 10539

With bids starting at a single Ethereum, the first Non-Fungible Token (“NFT”) featuring original work of world-renown artist Jean-Michel Basquiat (American,1960-1988) will go to auction beginning APRIL 26, 2021 thru APRIL 30, 2021 at https://opensea.io/accounts/DaystromNFT. The online auction is sponsored by DAYstrom, the Emmy-winning, multi-segment mindshare behind the iconic BowieBank who anonymously said; “Markets no longer trade upon consensus alone, it’s anonymity, exclusivity, authenticity and individuality that determine value on the Blockchain today; NFT’s are an asset whose time has come.”

The highest bidder will receive an encrypted digitized token of Basquiat’s original work captioned “Free Comb with Pagoda” (mixed media – 1986) conveyed on the Etherium blockchain, along with all related IP and copyright in perpetuity. The artist’s work and signature have been certified by the Authentication Committee of the Estate of Jean-Michel Basquiat, with provenance including Michael Petronko Gallery in New York, private collection in Nevada, Heritage auction as lot #64054 in 2012 and finally sale to private collector in 2015 where it remains. At the winner’s discretion, the original artwork will be deconstructed, leaving the NFT as the only remaining form of Basquait’s work to exist.

Basquiat is widely considered among the most highly valued modern artists in the world and appears in permanent collections at LACMA, MoMA, Metropolitan Museum of Art and the Whitney Museum of American Art. His work has shattered public sales records across the globe and periodically appears at Christie’s, Bonham’s & Sotheby’s where his work brought $110 million at auction in 1997. Although the 27-year-old “Radiant Child” died in 1988 after only a decade as a professional artist, his impact remains eternal.

SOS Enters into a Purchase Agreement for 575 Cryptocurrency Mining Rigs 10218

SOS Limited (NYSE: SOS) (the “Company” or “SOS”) announced today that the company has entered into an agreement to purchase 575 cryptocurrency ETH mining rigs. Under the terms of the agreement, the Company is expected to obtain approximately 400 GH of ETH hash rate. The mining rigs are expected to be delivered on or about April 30, 2021.

This purchase is another step in implementing SOS’ cryptocurrency mining strategy. The Company is pleased it has been able to secure mining capacity during this global mining equipment shortage.

Mr. Yandai Wang, CEO of SOS, commented, “we are optimistic about the future of cryptocurrencies and Ethereum in particular. This is part of our overall strategy to develop blockchain-based environments and services and which will be a core part of our growth in 2021 and beyond”.

About SOS Limited

SOS is an emerging blockchain-based and big data-driven marketing and solution provider as well as cryptocurrency mining operator. The core infrastructure of SOS’ marketing data, technology and solutions to insurance and emergency rescue services is built on big data, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. SOS has created a cloud “software as a service (SaaS)” platform for emergency rescue services, with three major product categories: basic cloud, cooperative cloud, and information cloud. This system provides innovative marketing solutions to clients such as insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry.

SOS has obtained a national high-tech enterprise certification and the title of “Big Data Star Enterprise,” awarded by Gui’an New District Government. Staying on the forefront of digital technology innovation, the Company has registered 99 software copyrights and 2 patents. For more information, please visit: http://www.sosyun.com/ .

Big Plays in the Online Gambling Space 9723

Before COVID-19 transformed the world, many sectors were already moving toward digital adoption and adaption; the global pandemic has hastened that transition in many ways. The world revolves around smartphones, laptops, computer and digital devices as almost anything can be done online—from seeing a doctor to attending school. Even as hope for the pandemic ending surges, the trend to live life online is likely here to stay. The founders of Lottery.com (Profile), which recently entered a definitive merger agreement with Trident Acquisitions Corp. (NASDAQ: TDAC) to become a publicly listed company, recognized the shifting trend years ago and were pioneers in addressing the untapped online global lottery market. The company has found a way to combine blockchain with other cutting-edge technology to provide at-home lottery participation, with the end goal of being a leader in the huge lottery and sports betting markets. Now the company is timing its entrance into another hot public market: investor appetite for special purpose acquisition companies, or SPACs. The gambling space could see unprecedented growth as the pandemic eases and the economy recovers. Some of the big players in the space have online options and are looking to benefit from all things digital. Boyd Gaming Corporation (NYSE: BYD) offers B Connected Online, a robust, attractive online player community. Caesars Entertainment Inc. (NASDAQ: CZR) has Caesars Casino & Sportsbook where users can participate in world-class casino games and wager on sports. Wynn Resorts Limited’s (NASDAQ: WYNN) WynnBET is a premier casino and sports betting app that was just awarded an online sports betting permit in Virginia, and Las Vegas Sands Corp. (NASDAQ: LVS) is reportedly eyeing online betting opportunities.

  • Valued at $398 billion, the global lottery market tops out at more than the SaaS, video games and film industries combined.
  • Lottery.com has announced a definitive agreement to become a public company through a business combination with Special Purpose Acquisition Corporation (SPAC) Trident Acquisitions Corp.
  • The company has created a suite of high-margin lottery products, with operations in 12 U.S. states and plans for expansion.  
  • Future gross revenue forecasts estimate $71 million in 2021, $279 million in 2022 and $571 million in 2023.

Mind-Boggling Numbers

Multibillion-dollar markets are compelling opportunities, and that is certainly true of the $138 billion global video games or $158 billion Software-as-a-Service (SaaS) sectors. However, even more attractive is the $398 billion global lottery market — larger than the global video games and SaaS markets combined. Even more mind boggling are the projections that the global lottery market will reach $625 billion by 2025.

Despite the numbers, the opportunity is often unrecognized as long-held patterns of buying lottery tickets at a retail point of sale may seem hard to change. With less than 3% of global lottery sales made online, the challenge is evident, but the potential is vast: that’s only an estimated $12 billion market penetration into a nearly $400 billion industry. With an increase in online activity seemingly inevitable, the possibilities of growth and return seem appear significant.

The Biggest Video NFT Drop Event in Asia Ended With 103.5 ETH on Define Art 8744

DeFine Art has completed the biggest video NFT drop event in Asia with Bart Baker, the No. 1 American social media influencer in China. It is another milestone for NFTs in Asia after Korea’s first NFT art auction from Mari Kim. Bart Baker’s video NFT drop lasted 24 hours from 3 p.m. March 29 to 3 p.m. March 30 KST. The auction closed with a total auction sale of 103.5 ETH (~$190,000) in a successful effort from a top social media influencer in the Asia NFT market.

One of the eight NFTs called The Bart Baker Experience sold for 80ETH. The winner of that NFT would, for the first time in history, make a video with Bart, which would be distributed on his social media channels and minted into an NFT. The seven other NFTs were Bart’s most popular videos, including Journey to the West, Song to a Hero, and more.

Bart Baker is the No. 1 American influencer in China with over 40 million followers worldwide and over 25 million followers in China across Douyin, Kuaishou, and Weibo. In the United States, Bart also has over 16 million followers, with 10 million on his YouTube alone.

DeFine Art is the premier decentralized NFT Platform that supports Asia’s broader NFT ecosystem. The platform facilitates the fusion of real-world assets and blockchain technology in many aspects, with digital art, music & videos, gaming, collectibles, and decentralized financial assets being tokenized into digital assets. It is the gateway for top artists, musicians, influencers, and creative talent across Asia to enter into the NFT world. Additionally, it functions as a decentralized NFT marketplace with features including auctions, Initial NFT Offerings (INO), on-chain exhibition, and DeFi modules that enable NFT assets’ tokenization into more liquid financial assets.

This drop has attracted extensive social media attention from the DeFine Art community, especially from the Korean market. It has become the first effort of top social media KOLs like Bart Baker to tokenize videos and successfully pushed NFT in the Asian crypto market.

Sino-Global to Acquire Majority of Blockchain Infrastructure Developer in $5 Million Stock Transaction 9495

Sino-Global Shipping America, Ltd. (NASDAQ: SINO) (“Sino-Global,” the “Company” or “We”) today announced it has agreed to acquire a 60% ownership of blockchain infrastructure developer Super Node LLC in an all stock transaction valued at $5 million. The transaction is subject to the satisfaction of warranties and representations under the purchase agreement.

Based in Wilmington, Delaware, Super Node LLC is a privately held, blockchain infrastructure software developer and service provider. It operates multiple CyberMiles nodes and develops decentralized applications on the CyberMiles network, a powerful, high-performance CyberMiles public chain.

Mr. Lei Cao, Chief Executive Officer of Sino-Global, commented, “The addition of Super Node further strengthens our capabilities and accelerates the buildout of our business as we pursue major opportunities in the rapidly growing cryptocurrency market and digital economy.  We are particularly excited to be partnering with Super Node’s proven team of developers, which will open additional opportunities to us in NFTs (non-fungible tokens), which have rapidly surged in popularity, market value, and breadth of digital products created.”

About Sino-Global Shipping America, Ltd. (NASDAQ: SINO)

Founded in the United States in 2001, Sino-Global Shipping America, Ltd. has been diversifying into the fast growing cryptocurrency and NFT (non-fungible tokens) markets, while continuing to support and grow its core shipping, chartering, logistics and related services business. Headquartered in New York, Sino-Global has offices in Los Angeles, Mainland China, AustraliaCanada and Hong Kong. Additional information about Sino-Global can be found on the Company’s corporate website at www.sino-global.net.

Forward-Looking Statements

Certain statements made herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include SINO’s estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. In addition, there is uncertainty about the spread of the COVID-19 virus and the impact it will have on SINO’s operations, the demand for SINO’s products and services, global supply chains and economic activity in general.

Future FinTech Enters into Cooperation Relationship with Shenzhen SOSOB Technology to Provide Market Information 10057

Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as Future FinTech”, “FTFT” or “the Company”), a leading blockchain e-commerce company and a service provider for financial technology, today announced that on March 17, 2021 the Company signed a Strategic Cooperation Agreement (the “Agreement”) with major shareholders of Shenzhen SOSOB Technology Co., Ltd. (“Shenzhen SOSOB”) to form a joint venture titled FTFT Capital (Dubai) Limited (“FTFT Capital Dubai”), an entity formed to provide services and solutions in the global digital currency business.

Pursuant to the Agreement, the Company will make a cash contribution of $5.5 million for 55% ownership of FTFT Capital Dubai, and the shareholders of Shenzhen SOSOB will contribute 80% of their equity interest in Shenzhen SOSOB to FTFT Capital Dubai; Shenzhen SOSOB assets include intellectual property rights, an online platform that provides global digital currency market information and its members and online traffic, valued in aggregate at $4.5 million for 45% ownership of FTFT Capital Dubai. Under the planned structure, FTFT Capital Dubai will become a 55% owned subsidiary of the Company and Shenzhen SOSOB will become an 80% owned subsidiary of FTFT Capital Dubai. It is also planned that FTFT Capital Dubai will set up an investment fund for the investment and management of encrypted financial assets for institutional and high net worth investors. FTFT Capital Dubai will be based in Dubai, United Arab Emirates.

Mr. Shanchun Huang, Chief Executive Officer of Future FinTech, said, “We are excited to jointly create a new enterprise that will serve the digital currency markets. Our objective is to build a company of significant value by creating new content and capturing market share through the application of blockchain technology in financial service markets including digital wallet safety management, blockchain code auditing and operations, and maintenance services. We believe that SOSOB’s digital currency market data information service, analysis capabilities, diversified financial services and multilingual services will serve as a catalyst to introduce new advisory services for blockchain-based financial asset products.”

Mr. Xiong Li, Chairman of Shenzhen SOSOB Technology Co., Ltd., said, “SOSOB currently provides high value-add services to the digital currency markets by being the world’s largest digital currency market information and data service platform of real-time asset and price information for global users. Based on our blockchain aggregation service platform, it collects real-time, comprehensive and reliable blockchain asset and digital currency market information and price data to provide a one-stop market data service for global users. SOSOB now has more than 30 proprietary technologies. We collect data from more than 300 global digital currency trading platforms and cover more than 1,000 digital currencies. With our independently developed data analysis engine, we process more than 200 million datum per day. SOSOB currently has more than 560,000 registered members and over 520,000 members who have installed our mobile App so they can have access anywhere at any time. In addition, our mobile app daily activity number totals more than 84,000 members, our daily website page view (PV) totals more than 500,000 views, and our daily unique visitor (UV) number, which only counts the first visit with a unique IP address, and which does not record again in the same day, totals more than 160,000 visitors.”

Mr. Li continued, “We will continue to maintain and improve the strategic position of our global blockchain financial services and one-stop platform for data, market information and analytics service for digital currency markets. Through our cooperative relationship with Future FinTech, we intend to use blockchain technology to further expand the platform ecology of the digital currency market and to promote its expansion in cooperation with other industry parties to build a stable and sustainable digital currency service platform.”