Crypto News Round-Up: The Latest New Product Releases

The crypto space is growing faster than anticipated, with new products hitting the market every other day. This is part of the reason why Blockware Intelligence, the research arm of Blockchain Solutions, has predicted that the adoption of Bitcoin is likely to hit 10% by 2030. 

Below are the briefs or the latest product releases. 

Matrixport Unveils Industry’s First Solana Dual-Currency Product

Matriport, one of the largest and most trusted digital asset financial services platforms, has announced it is expanding its flagship Dual-Currency Product. This is aimed at supporting SOL, the native crypto on the Solana blockchain.

Created to host decentralized and scalable apps, Solana blockchain now has over 400 projects. By the close of the third quarter of 2021, SOL’s market capitalization had grown by 400%. With this rapid growth, Matrixport is extending its support for SOL alongside other coins, including Bitcoin Cash (BCH) and Ether (ETH). 

According to Cynthia Wu, the Chief operating officer of Matrixport, the “Support of SOL in our market leading Dual-Currency Product reaffirms our commitment to be responsive to market needs…”

Matrixport users are receiving a 3% coupon for investing in SOL through Matrixport Dual Currency Product. For those who complete five investments, a reward of USD10 is awaiting them in two USD5 coupon payments.

Ledgible Announces Successful USD20 Million Funding in Series A Round with Strategic and Institutional Investors

Ledgible, one of the top professional-first crypt tax and accounting platforms, has announced USD20 million in funding for its Series A Round. This funding drive was led by EJF Capital LLC (“EJF”) via its affiliate EJF Silvergate Ventures Fund

Also in the round were JAM FINTO, TTV Capital, Thomson Reuters Ventures, and Fenbushi US. This means that Ledgible now jumps at the forefront of the expert-focused crypto tax and accounting industry. The funds will be directed towards expanding Ledgible’s products to meet the fast-growing demand. 

The Ledgible Crypto Tax & Accounting Platform is used for integration with different blockchains, wallets, exchanges, and professional accounting tools. As the bridge between traditional financial accounting and crypto assets, Ledgible establishes the crypto liabilities and delivers this data to professional tax filing systems

myNFT Completes a USD7 Million Deal in Funding to Make NFTs more Accessible 

myNFT,  a new London-based NFT marketplace platform, has announced the upcoming launch with the news that it has raised USD 7 million in Series A funding from some of the most prominent investors in the industry. 

MyNFT is of the view that the current NFT industry is laden with so many barriers, which are choking this technology from access by more people. The core mission is changing this in a number of ways that no other platform has done – cutting down the costs and allowing multi-chain payments. This includes support for fiat currencies. 

The platform is based on the Moonbean parachain, which is part of the bigger Polkadot Network. Polkadot was founded by Gavin Wood, one of the Ethereum co-founders

myNFT is a gamechanger in the industry because it allows people to buy and sell NFTs with fiat or cryptos. The completion of Series A Funding, which raised over USD 7 million, opens the road for making the NFT industry more accessible. 

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