10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

Native Tezos Token Lands On Coinbase Japan, A Leading Exchange Serving The Japanese Market

Coinbase Japan is now offering trading for tez (XTZ), the native token of the Tezos blockchain, increasing the presence of Tezos in a key Asian market.

The markets for tez (XTZ) on Coinbase Japan will allow anyone to easily trade tez using their desktop or mobile devices.

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Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

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Coinbase Japan Offers Trading For tez

Coinbase Japan is now offering trading for tez (XTZ), the native token of the Tezos blockchain, increasing the presence of Tezos in a key Asian market.

The markets for tez (XTZ) on Coinbase Japan will allow anyone to easily trade tez using their desktop or mobile devices.

Founded in 2012 and now active in more than 100 countries, Coinbase ranks among the most user-friendly, most established centralized exchanges in crypto.

Coinbase has been serving the Japanese market since the launch of Coinbase Japan in August 2021. According to an October 2022 Chainalysis report, Japanese crypto trading volumes more than doubled from July 2021 to June 2022. 

Tezos, a pioneer of Proof of Stake technology, is one of the original Layer 1 blockchains to use staking to secure its network.

These features make Tezos a platform of choice for many brands and institutions seeking to enter the world of decentralized finance and Web3.

Tezos has experienced significant growth in developer activity in 2022, with smart contract deployment up 288% compared to the same period in 2021, and was also listed among the largest developer ecosystems, according to the annual Electric Capital Developer Report. 

Tezos continues to rapidly grow in popularity, especially among artists and NFT applications, and was the only blockchain with a presence at the recent Art Basel Miami Beach, where prominent generative artists featured their work minted on Tezos.

Tezos NFT and DeFi communities continue to gain momentum on platforms such as leading NFT marketplace Objkt.com, generative art platform fx(hash), yield farming protocol Youves, and more. 

The energy-efficient blockchain is well-known as the “self-amending blockchain” for its ability to seamlessly upgrade through its on-chain governance – a mechanism which allows network participants to propose and vote on upgrades and changes to the protocol.

Tezos has upgraded 11 times, with a 12th expected to happen mid-December, 2022. Notably, the Tezos blockchain is showing promising signs of becoming one of the first Layer 1 blockchains to achieve 1,000,000 TPS (transactions per second) in 2023. 

Tezos, with its ability to upgrade and innovate in an energy-efficient way has become an appealing choice for leading organizations that are expanding their reach into Web3.

World-renowned organizations and brands Manchester United, McLaren Racing, Team Vitality, The Gap, Evian, and more, are currently building their fan and customer experience on Tezos.

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

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