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Valuart Launches Inaugural NFT Art Auction Featuring Banksy’s ‘Spike’

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With NFT art quickly becoming a preferred investment asset for crypto enthusiasts, Valuart serves as the platform that supports the interest of both artists and buyers.

Endeavoring to make it easier for artists and institutions to join the budding NFT market, Valuart is commencing the first set of monthly auctions containing exclusive works from notable artists, starting with a work produced by Banksy.

Exclusive ‘Digital Original’ NFTs Now Available for Bidding

Founded by crypto enthusiasts and artists, Valuart, a startup minting licensed NFTs from original artworks, aims to help artists realize the intrinsic value of their work. From today, the platform will begin unveiling a series of exclusive monthly auctions of NFT masterpieces created by some of the most renowned artists worldwide.

The Valuart auction kicked off today with ‘Spike,’ a unique artwork by the infamous street artist Banksy. Created in Palestine in 2005, Italian tenor and Valuart co-founder Vittorio Grigòlo currently owns this artwork. As per Valuart, 50% of the revenue derived from the first NFT will be donated to charity.

The NFT version of the original piece features CGI artwork combined with an aria performed by Vittorio. Per the NFT storyline, ‘Spike’ can be seen slowly drifting through the universe until it eventually returns to its rightful place on Earth, to emerge as a newly minted NFT.



Following this exclusive NFT drop, Valuart plans to launch digital originals (1:1 digital clones) of some of the world’s most iconic ‘licensed’ artworks, including the drop of the “Mantum and the Stole” scheduled for October 22nd. This unique artwork by Stefano Zanella was first worn on December 24, 1999, by Pope John Paul II to mark the opening of the Holy Door of the Vatican Basilica.

Per Vittorio Grigòlo, Co-founder of Valuart, “I’m very excited about this new project. After months of hard work we can finally share with everyone what we created. I’m convinced that this is the future of how we perceive, admire and give value to art and artists. This first drop is just a stepping stone that will pave the way towards a very exciting future! We wanted to support the NFT revolution by creating a platform that would represent the safe haven for artists and their art, art collectors and art lovers in general.”

Transforming the Art Commercialization Paradigm

The Valuart ecosystem is designed to help creators, creations, and creativity thrive while enabling high-end artistic crossovers, offering more value to both artists and consumers. By creating an NFT, Valuart incorporates an additional layer of security for the original artwork to increase its overall value.

While the globe’s most prominent art auction houses can stoke demand for physical artwork, they don’t have the infrastructure to digitize art or mint NFTs for each work. Even if they do, the initial costs will be significant. To fill this gap, Valuart firmly positions itself as the primary original art digitization and NFT provider by building a backlog of partnerships and contracts with artists, art foundations, and art collectors.

Designed to support and accelerate the whole process of art commercialization, Valuart tokenizes the certificate of authenticity for individual physical arts and creates a new ‘Digital Original’ NFT from the original piece. Valuart also implements social media and outreach programs to sell the NFTs through its auction platform.

With NFT art quickly becoming a preferred investment asset for crypto enthusiasts, Valuart serves as the only platform that supports the interest of both artists and buyers, all while optimizing the end-to-end process to gain efficiency and generate alternative revenue streams.

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Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.



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Blockchain Startups Continue to Thrive, Raise $4.4B in Q2 Despite Crypto Slump

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The recent trend noticed in terms of investment in blockchain technology has affirmed the fact that despite the deterioration registered in the crypto market, it is still deemed as a vital and promising area for investors to float their money in.

Investors have been taking a keen interest in funding blockchain startups helping them raise $4.4 billion despite noticing a sharp decline in generalized crypto prices.

Blockchain technology is the foundational technology for cryptocurrency transactions to operate on. The prices of cryptocurrency however have been susceptible to a gradual decline in recent times, but the amount of funds invested in the technology has highlighted the cryptocurrency trend still quite popular with the masses despite experiencing a slump in pricing and revenue.

Along with blockchain, funding for fintech companies has also detected a surge of investment with approximately $30.8 billion being pooled in the domain.

Blockchain Startups to Gain a Steady Rise 

There is no doubt that the crypto market has been sensitive to market speculation and has gone through a slump that has affected its overall pricing and value. This however did not discourage the investors who have poured heavy investments in the blockchain technology and helped the crypto market sustain harsh market fluctuations and decreased market valuation.

According to the data analysis from CB Insights, there has been a significant increase of 50% worth of investment flow in blockchain technology despite the currency being vulnerable to market oscillations and shifts.

Blockchain is a vital technology that primarily acts as a ledger for all verified cryptocurrency transactions and stores them in a thread constituting information related to the concerned transaction in a form of a secured block. The network of transfers comprises extensive computing channels to conduct currency transmission in a protected manner.

One of the largest financial rounds for blockchain investment valued at $440 billion was made to Circle, which is a payment and digital currency firm specializing in exchanges and transfers. The platform had recently expressed its plan to go public with a merger valued at $4.5 billion.

The recent trend noticed in terms of investment in blockchain technology has affirmed the fact that despite the deterioration registered in the crypto market, it is still deemed as a vital and promising area for investors to float their money in. Since April Bitcoin has recorded an all-time low from its average price of $65000. Ether is the second most popular cryptocurrency after bitcoin was also affected by the market alterations and had fallen by a critical 50%.

Chris Bendtsen, senior analyst at CB Insights has commented in a CNBC interview that with the current rate of investment flowing in the sector, it is very likely that the flow will easily break all previously set records of the cryptocurrency avenue and usher in a new era for cryptocurrency market value and prestige.

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Juhi Mirza is an archaeology major who is obsessive about blockchain/Crypto technology and deems it to be the foundational philosophy of the future. Her dogged ability to research and crystallise technical facts/multiple perspectives into rivetting stories makes her an accessible finance writer. She tends to her archaeological pursuits and loves unearthing the past over the weekends.



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Ripple-backed Tranglo Working on Something to Stir Up Fintech and Payment Industry

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Founded back in 2008, Tranglo has grown to an international payment processing company with 1,300 payout partners.

Tranglo, Asia’s leading cross-border payment hub, has announced it has a new exciting feature in the pipeline that will transform the payment and the fintech industry. Through a Twitter post, Tranglo noted that the upcoming release will feature XRP. Furthermore, Ripple acquired a 40 percent stake in the company earlier this year.

Tranglo and Its FinTech Activity

Founded back in 2008, Tranglo has grown to an international payment processing company with 1,300 payout partners. According to the company through its website, it has processed over 20 million transactions of about $4 billion.

As with Ripple, Tranglo is working towards making cross-border transactions faster, cheaper, and more secure. Notably, the firm has previously announced that it will power the cross-border payments of OmiPay across its global network.

According to the partnership details, OmiPay will gain access to Tranglo’s vast network of payment capabilities and vice versa.

“This partnership will fast-track OmiPay’s competitiveness and provide our Australian customers with access to new, innovative payment and e-wallet solutions. We also look forward to working with Tranglo on a simple and cost-effective way for international students in Southeast Asia to pay their Australian tuition fees,” OmiPay Head of Partnership William Guo said on Tranglo.

The announcement of an upcoming feature by Tranglo on Twitter has attracted notable XRP community attention. As of reporting time, the announcement tweet has over 3,300 likes and 1,130 retweets.

However, with very limited information to work with, only time can reveal what there is in store for the fintech and payment industry.

The company is already available in 130 countries as of 2019 according to the company. Currently, Ripple is on the verge of losing MoneyGram’s partnership due to the ongoing class-action lawsuit by the US SEC. Moreover, Stellar Foundation has shown interest in acquiring MoneyGram, thus making Ripple’s stake in Tranglo very critical for on-demand success.

In the bigger picture, Ripple is winning the cross-border payment outside the United States.

Tranglo prides itself in partnerships ranging from Alipay, AIS, WeChatPay, BFC Exchange, Brastel among others.

Ripple’s XRP token was trading around $0.597790 at the time of reporting and remains an important integral part of the company’s partnerships.

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A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
Mythology is my mystery!
“You cannot enslave a mind that knows itself. That values itself. That understands itself.”





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Goldman Sachs Clearing and Settling Crypto ETPs for European Clients

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The decision by Goldman Sachs to deal with ETPs comes following a recent survey that involved over 150 family offices that the bank does business with.

Goldman Sachs is now settling and clearing crypto-linked Exchange Traded Products (ETPs) for its European hedge fund clients. It has been revealed by sources familiar with the matter.

The bank’s prime brokerage unit is initially only offering the service to an exclusive group of clients, reveal the sources. The bank’s possibility of rolling out the service to a broader client pool is still under review.

ETPs track the performance of investments like stocks, bonds and currencies. Crypto ETPs enable clients to invest in crypto without trading in the cryptocurrency associated with them. As the name suggests, they are traded on an exchange like the better known Exchange Traded Funds (ETFs). They have recently been gaining popularity.

ETC Group, the self-proclaimed “bridge between crypto and regulated markets” introduced the first Bitcoin ETP in the United Kingdom on the Aquis Exchange of London. Other exchanges, such as Switzerland’s SIX Exchange and Germany’s Deutsche Boerse have seen a rising number of crypto ETPs being listed.

The adoption of cryptocurrencies by major financial institutions does not stop there. The Bank of America earlier this week revealed that it would be clearing and settling crypto ETPs for hedge funds. This, after last week’s announcement that they would be trading Bitcoin features for select client’s and had started clearing cash-settled contracts. Also, BNY Mellon announced this week that it was joining State Street and four other banks in backing crypto trading platform Pure Digital.

Global Head of Foreign Exchange at the bank Jason Vitale had this to say:

“Digital assets are only going to become more embedded in global markets in the years ahead, and this collaboration accords with BNY Mellon’s wider strategy to develop a digital asset capability for clients across the entire trade life cycle.”

The decision by Goldman Sachs to deal with ETPs comes following a recent survey that involved over 150 family offices that the bank does business with. According to the survey, 15 percent revealed that they had already invested in crypto. 45 percent of respondents said they would consider investing in crypto as a hedge against “higher inflation, prolonged low rates, and other macroeconomic developments following a year of unprecedented global monetary and fiscal stimulus.”

Meana Flynn, Global Co-Head of Goldman Sachs Private Wealth Management said that a large number of family offices wanted to consult with the bank on ‘blockchain and digital ledger technology’. She revealed that some believed,  from a purely efficiency and productivity point of view, that blockchain technology would be as impactful as the internet has been.

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Mercy Mutanya is a Tech enthusiast, Digital Marketer, Writer and IT Business Management Student.
She enjoys reading, writing, doing crosswords and binge-watching her favourite TV series.



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