Friday, December 2, 2022

Blockchain.com Looks At An IPO As Early As This Year: Report

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Blockchain.com looks at an IPO as early as this year and it is looking at a listing after reaching a valuation of $14 billion last month so let’s read more in today’s latest blockchain news.

Crypto exchange Blockchain.com looks at an IPO that will likely take place as early as this year. The IPO could not happen till 2023 and the plans can still change according to people familiar with the matter. Blockchain.com is one of the biggest exchanges in the world and reached a valuation of $14 billion in Series D last month which was led by Lightspeed Venture Partners with some other participation from Baillie Gifford.

The exchange closed a few deals and acquired Altonomy’s OTC trading desk which was picked by the Dallas Cowboys which is a prominent team in the National Football league as the team’s first crypto sponsorship. Blockchain.com also launched an asset management service aimed at institutional and high net worth investors while partnering with Altis Partners.

The Blockchain.com exchange operates as a wallet, an exchange, and an explorer all in one. Unstoppable Domains sells uncensorable domain names whcih that people can own and transfer. The Blockchain.com exchange allows users to use NFT usernames for the 82 million of its wallets and connect their alphanumeric address to an NFT domain name as per the recent announcement. It means that people can buy Unstoppable Domains names with one of the 10 extensions .bitcoin, .coin, .nft, .dao and .blockchain.

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NFTs are digital records of ownership on the blockchain and though they are often linked to digital art and collectibles, it means that you actually own something and you can transfer it. Blockchain.com integrated support last year for sending coins and tokens to .crypto domains but now users can send crypto to any unstoppable domain address. The exchange is now upping the NFT game and it also announced the Blockchain.com NFT marketplace last year with it still being in beta and allowing people to browse, sell and store NFTs without leaving their wallets.

The exchange company is taking names for its Blockchain.com NFT marketplace waitlist as the company was not content to gather more revenue aside from Bitcoin and altcoin trades so they’re getting into NFT trading. Blockchain.com will open a new NFT marketplace and the company said the feature will be available in a few weeks and it is now taking waitlist-signups. According to the press release.

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