Bitcoin Bull Mike Novogratz's Galaxy Digital Tokenizes $9M Antique Stradivarius Violin Into NFT For Loan Collateral
Portfolio Pulse from Aniket Verma
Galaxy Digital, led by Bitcoin bull Mike Novogratz, has tokenized a $9 million antique Stradivarius violin into an NFT for use as loan collateral. The NFT, created on the Ethereum blockchain, will not be available on the secondary market.
June 06, 2024 | 8:42 am
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POSITIVE IMPACT
Galaxy Digital, led by Bitcoin bull Mike Novogratz, has tokenized a $9 million Stradivarius violin into an NFT for loan collateral.
The news highlights Galaxy Digital's innovative use of blockchain technology, which could positively impact the perception and adoption of Bitcoin and related assets.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Galaxy Digital has created an NFT of a $9 million Stradivarius violin on the Ethereum blockchain for use as loan collateral.
The use of the Ethereum blockchain for this high-profile tokenization project underscores Ethereum's role in the growing NFT and real-world asset tokenization market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70