FFCON21 Breaking Barriers May 11-13, 2021

Category Archives: Online Funding Campaigns

World-Renowned Artist May Pang Presents John Lennon’s Lost Weekend Experience, The “Walls and Bridges” NFT Collection, in Partnership with McCartney Multimedia and Oasis Digital Studios

Liquid Avatar Release | May 10, 2021

John Lennon walls and bridges - World-Renowned Artist May Pang Presents John Lennon’s Lost Weekend Experience, The "Walls and Bridges" NFT Collection, in Partnership with McCartney Multimedia and Oasis Digital Studios
Exclusive collection of never-before-seen photographs of John cinematically enhanced and created with AR-technology to be sold as limited edition, Non-Fungible Tokens (NFTs)

TORONTO, ON and VANCOUVER, BC and ERIE, PA and LOS ANGELES, CA and NEW YORK, NY / ACCESSWIRE / May 10, 2021 / Liquid Avatar Technologies Inc. (CSE:LQID)(OTC PINK:TRWRF)(FRA:4T51), ImagineAR Inc. (IP)(IPNFF), McCartney Multimedia Inc. and Oasis Digital Studios proudly announce a truly historical collaboration, revealing new, never-before-seen photos of Rock Legend, John Lennon, that drops for viewing today, as part of an exclusive group of 15 limited edition photographic and animated NFTs with AR enhancements, that recount the original inspiration of John's Walls and Bridges album cover art. Music enthusiasts and John Lennon fans will be able to purchase these NFTs in two special offerings, as original format, variations, and cinematics, starting May 19th, gaining digital ownership of a representation of a very personal time in his life. Most of these photos have never been seen publicly before and have been preserved as part of music history.

"I'm proud to share these portraits of John, which became the inspiration for the Walls and Bridges album artwork as NFTs, allowing music fans and collectors the opportunity to own a piece of music history," said May Pang, artist, and ex-partner of John Lennon. "I have kept them in my personal collection for almost 50 years and I am excited to present them in this new and innovative form. I know that John, a man of music and art who was always well ahead of his time, would have been excited to experience the emergence of NFTs."

This commemorative moment is made possible through Oasis Digital Studios. A preview of the collection has been made available, as of Sunday, May 9th, marking John's affinity for the number 9 at https://oasisdigitalstudios.com/nft-marketplace/

"We are very excited to launch this historical collaboration showcasing, through NFTs and augmented reality, an amazing time in John and May's life and work together," stated David Lucatch, Managing Director of Oasis and CEO of Liquid Avatar. "It's been an honor to work with May to share this personal collection of hers during a very cherished time in her and John's life and open them to music fans around the world as cinematically and Augmented Reality enhanced NFTs. We're grateful and honored to be able to bring these iconic photos to millions of John's fans around the world."

Walls and Bridges Album Cover Artwork - The Unknown Story.

The album cover for Walls and Bridges featured some of John Lennon's childhood drawings, including one portraying a game of football, specifically the goal scored by George Robledo in the 1952 FA Cup Final. That drawing also featured Newcastle United's number 9, Jackie Milburn; as a child, John lived at 9 Newcastle Road and it, along with his birth date, October 9th, fueled a lifelong fascination with that number. The album also features a series of photos of Lennon's face with different expressions. The front cover contained two flaps which, when folded, created several interchangeable "Lennon faces," some of them silly. This is where May came in.

See:  NFT Fire hose: Educational Resources

While discussing the creation of the album cover, John and May had an idea. They went up to the rooftop of the Record Plant Studios where he was recording at 321 W. 44th Street in NYC, and she started to take fun and candid photographs of John with her Nikon 35mm camera, capturing the playful essence that was the true John Lennon.

When the photos were developed, which you see now on the official landing page for the sale of these images as NFTs, they were well-received, but the 35mm format was not the right size for the album design requirements, and unlike digital images today, nothing could be done to change that back in 1974.

New photographs were taken by photographer Bob Gruen, based on the concept and designs that John and May created and the final art for the album was credited to Capitol's in-house designer Roy Kohara. May's photographs of John are a combination of works done both at the Record Plant Studios and John and May's home rooftop.

Walls and Bridges - The Album

In September 1973, while separated from 2nd wife Yoko, John and May Pang left New York for Los Angeles to promote Mind Games and began an 18-month relationship, which John affectionately and publicly referred to this period of his life as his "Lost Weekend."

While there, John embarked on a recording project -- a collaboration with Phil Spector, to record and produce an album of the old rock 'n' roll songs that inspired John to become a musician. The album, Rock ‘n' Roll, was ultimately completed in New York using the same musicians he used on Walls and Bridges.

See:  NFT Fire hose: Educational Resources

Walls and Bridges was John's the fifth studio album and captured his mindset and feelings in the midst of the "Lost Weekend." The album was released by Apple Records on September 26, 1974 in the United States and on October 4, 1974 in the United Kingdom. Walls and Bridges was an American #1 album in all three trade papers, Billboard, Cashbox and Record World and included two hit singles, "Whatever Gets You Thru the Night" which hit #1 and was John's first and only number-one hit as a solo artist in his lifetime and "#9 Dream" which fittingly peaked at #9 on the Billboard Hot 100, and #23 on the British singles chart.

The Walls and Bridges album was certified gold in the US and silver in the UK. As a surprise from John, May was awarded an RIAA, Recording Industry Association of America Gold Record for her contributions to the album.

View the original release --> here


NCFA Jan 2018 resize - World-Renowned Artist May Pang Presents John Lennon’s Lost Weekend Experience, The "Walls and Bridges" NFT Collection, in Partnership with McCartney Multimedia and Oasis Digital Studios The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Oasis Digital Studios Presents – NFT webinar on April 13th – Myths, Markets, Media & Mania

Oasis Digital Studios and Liquid Avatar | Mar 28, 2021

Save the date NFTs myths markets media mania - Oasis Digital Studios Presents - NFT webinar on April 13th - Myths, Markets, Media & Mania

Our partners at Liquid Avatar Technologies and Oasis Digital Studios are hosting an NFT webinar on April 13, 2021 called Myths, Markets, Media & Mania.

Save the date!

Early registration here:  https://hello.liquidavatar.com/oasis-webinar-registration

 


NCFA Jan 2018 resize - Oasis Digital Studios Presents - NFT webinar on April 13th - Myths, Markets, Media & Mania The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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The Under-Appreciated Significance of Coinbase Going Public

Crowdfund Insider | | Mar 15, 2021

nasdaq - The Under-Appreciated Significance of Coinbase Going PublicOnce the Coinbase registration statement becomes effective and Coinbase shares trade publicly, a sea change will have occurred in the US without most people recognizing it.  Part of that unacknowledged difference will be the broader awareness of blockchain and cryptoasset trading it brings. It is both novel and important to have a public company dedicated to the emerging technology and the markets it creates.  It is cool that Coinbase founders, employees, and early investors will get rewarded for seeing the future before the rest of the world.  No doubt the event augers well for other blockchain and cryptoasset companies going public.  Oh, and Coinbase is doing it by direct listing, rather than an old-fashioned underwritten offering or new-fangled SPAC.

Yet the significance of the Coinbase registration statement goes far beyond these important markers. 

First, it provides something for everyone: it sets the definitions most people will use when they talk about blockchain and cryptoassets. 

Second, it provides something specific to Coinbase: a measure of insulation from a regulatory challenge; not forever, not completely, but in a way that should not be underestimated.

See:  Coinbase’s Direct Listing Pushed Back to April

Definitions are important:  Scrolling through the registration statement, the first thing you hit after the SEC form stuff and Coinbase’s short and sweet mission statement is “Glossary to the Cryptoeconomy”.  It defines 32 words or phrases that are critical to understanding blockchains, cryptoassets, and Coinbase’s business.  So critical are these terms that they appear even before Brian Armstrong’s letter introducing the company and its vision, before the summary financials and before the summary risk factors.

These definitions are bound to become the go-to reference for people talking about blockchain and trying to understand what it is all about. 

US regulators and policymakers will have their glossary of terms for legislation and rulemaking as well as speeches and informal conversation.

Scrolling through the registration statement, the first thing you hit after the SEC form stuff and Coinbase’s short and sweet mission statement is “Glossary to the Cryptoeconomy”. It defines 32 words or phrases that are critical to understanding blockchains, cryptoassets

We blockchain denizens spend lots of time trying to explain concepts to anyone who will listen. Many of the terms have real legal and regulatory consequences; their usage is not limited to the domain of programmers or HODLers (yes, HODL is one of the 32).  As the law and rules grapple with cryptoassets (defined) and blockchain (defined), as financial authorities and other regulators write new rules and interpretations about forks (defined but no distinction between “hard fork” and “soft fork”), wallet (defined, as is “hot wallet” and “cold storage”), stablecoins (defined; no coincidence that the Glossary only mentions USDC, created by Coinbase) and DeFi (defined), the Coinbase Glossary will be the starting point.

See:  A blog post by Coinbase’s CEO has raised a fury. Will it affect a potential IPO?

This also means that the descriptions throughout the prospectus (especially but not exclusively in the Risk Factors section on “Risks Related to Crypto Assets”) will become the guidepost for concepts and ideas about blockchain, cryptoassets, and their trading, and the world that is growing up around both. 

Note that “cryptoeconomy” and “ecosystem partners” are in the Glossary but “metaverse” is not.  Spellcheck is even learning new terms as I write this article!

The Risk Factors discuss the “high degree of uncertainty” about definitions of “security” in many jurisdictions. 

Going through the process is important: Which brings us to the Coinbase-specific benefit of some insulation against enforcement action.  Make no mistake: this is not a “get out of jail free” card.  Nevertheless, the process at the SEC before this registration statement is declared effective will be rigorous. 

It will scrutinize all aspects of Coinbase’s business and the descriptions in the document, including the Risk Factors.  The SEC will have a chance to ask any questions they want, learn as much about Coinbase’s business and regulatory footprint as they want.  The easy problems, if any, will be found and that will make it harder for the SEC to claim that Coinbase does not have proper licenses for its business, harder to let years go by before raising concerns over regulatory issues, and harder to criticize current activities once the registration statement is effective.

See:  United States: Virtual Currencies Regulatory Overview (and Comparative Guide)

Coinbase has an extensive discussion in the Risk Factors about the level of regulation that impacts its business and operations.  The description offers no illusions that the path is easy, in part due to policymakers remaining uncertain and in part, because they will face regulation from many jurisdictions, not just from single country. It also includes an acknowledgement that they are subject to competition from unregulated players.  Although couched in the standard, somewhat sterile registration statement language, these Risk Factors make it clear that regulatory risk is no joke, both in the sense that regulators may impose huge burdens but also with the view that there will be some sleepless nights for an organization with responsibility to public shareholders.

Continue to the full article --> here


NCFA Jan 2018 resize - The Under-Appreciated Significance of Coinbase Going Public The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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NBA Top Shot: What you should know about the new NBA craze in digital investing in collectibles

CBS Sports |  | March 2, 2021

Something rather typical happened for an atypical reason on Feb. 25: A community within NBA Twitter was mad online. No, these weren't Denver Nuggets fans up in arms over their close loss to the lowly Washington Wizards, despite a 34-6-6 performance from Jamal Murray. Nor were they frustrated Los Angeles Clippers fans complaining about their team's stars being unable to do much against a Memphis Grizzlies squad that only just returned to a .500 record. They weren't even fans preemptively whining over their favorite superstar getting snubbed from this year's All Star Game.

No, this was a relatively new group of people, sitting on the intersection of hoops fandom, memorabilia collection and digital investing, while looking to get into what's been described as the next big thing for those who belong to any of those three crowds: NBA Top Shot. Before getting into what tilted some of that base last week, let's first get into what Top Shot is, exactly.

See:  The Outer Space Men are Landing at Liquid Avatar

NBA Top Shot is an online company launched by Vancouver-based blockchain company Dapper Labs, and backed by the NBA, that allows users to procure a collection of digital basketball highlights, and then show off that collection to others. To get these NBA highlights, which are referred to as "moments," actual money must be spent in some way, either through purchasing digital packs containing a random assortment of these moments, or through spending money in the marketplace.

These moments range in designated rarity, and are artificially scarce based on where they land in the rarity scale.

In Top Shot's own words, it is providing "next level NBA collectibles." In other words, this whole experience can be generously compared to card collecting, just in a digital format. It's what initially drew many to the process, including Alex Xu, a member of the founding team at 0x.org, a not-for-profit that helps developers build their own decentralized cryptocurrency exchange.

"Growing up I collected Pokémon cards and I'll never forget the thrill of opening a pack, hoping for a holographic Charizard," Xu told CBS Sports. "When I heard of NBA Top Shot in January, I bought a pack and the nostalgia immediately hit. As an NBA fan, owning specific moments from my favorite players was a concept that was so cool. I've been collecting moments ever since."

He went on to explain that its comparison to investing in cryptocurrency piqued his interest even more -- especially since this was something he could get into earlier in the product cycle than, say, Bitcoin -- and further research helped notice that things like Top Shot could become a huge market.

See:  3 Ways Digital Assets Will Reshape The World

"Then I paid some attention to Top Shot's user base grow insanely fast all while on a glitchy beta platform," he continued. "Coupling that with the clear support of the NBA, I was at least sold that the idea had a legitimate chance to scale."

The growth is something of a selling point for the company as it's still in its beta stage. When Brian Windhorst of ESPN wrote on Top Shot on Feb. 16, the numbers were as follows: "Top Shot has gained traction with more than 50,000 users having bought in and spent more than $65 million in the process, according to crypto tracker CryptoSlam."

That same tracker now lists over 88,000 buyers and over $278 million in sales, as of March 2.

Continue to the full article --> here


Daily Hive | Sam Chan | March 1, 2021

$2B Vancouver crypto company becomes Wall Street of digital collectibles

In partnership with the NBA and NBPA, Dapper Labs (parent company of NBA Top Shot) captures specific digital NBA moments to sell online in digital “packs” to anyone who wishes to have them.  Each moment is limited in nature and lives on Dapper’s own blockchain named Flow. As you purchase a moment either through a pack or Top Shot’s Marketplace (more on that later), it becomes yours and your (user)name is attached to that moment and etched onto the blockchain ledger forever.

I know what you’re thinking — what a waste of money, I can just YouTube that LeBron dunk.  You’re right, you can. But there’s a huge difference between Googling an image of Mona Lisa and owning the Mona Lisa, or an authentic digital version released by Leonardo da Vinci.

See:  LabCFTC Releases Primer on Digital Assets

One37pm does a terrific job of explaining the concept of Non Fungible Tokens (NFTs, the technology that makes Top Shot moments scarce), so I would advise you to read up there if you’re not sold.top shot alex xu - NBA Top Shot:  What you should know about the new NBA craze in digital investing in collectibles

Now, back to the marketplace which has become a phenomenon on its own. At its core, it’s no different than eBay or Facebook marketplace where someone can post an asset they own for the price that they wish to sell it for.  If another user decides that price is worth paying, the asset (in this case, the moment) gets transferred to them

and that’s also etched on the blockchain.

Here’s where it starts getting crazy.

Let’s use this no look LeBron James 3-Pointer as an example. At the time of writing, it’s going rate is about US$1,450 per moment. There are only 12,000 of these moments, period. But imagine, thousands of people picked up this “common” moment in a $9 common pack (or paid $3 for the moment)

To put this into context, let me compare it to something else that’s had the whole world talking in the last month: GameSpot shares.

See:  GameStop Testimony: When Short Sellers, Social Media, and Retail Investors Collide

If you had purchased $GME at the lowest point in the last 52 weeks, that would have been $2.57 per share. And if you somehow had hindsight goggles and sold at its absolute peak, you would have sold at $483 per share, meaning a 188x profit, an absurdly crazy return.

However, by that same math — if you pulled a LeBron James in a common pack for $3, at a $1450 sale, that’s a 483x return, or more than 2.5x my absurd $GME example. And the value of LeBron James’s moment is still rising!

Continue to the full article --> here


NCFA Jan 2018 resize - NBA Top Shot:  What you should know about the new NBA craze in digital investing in collectibles The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Fintech start-up Hardbacon secures $1.1 million thanks to equity crowdfunding

Wealth Professional  | James Burton | March 2, 2021

Hardbacon equity crowdfunding success - Fintech start-up Hardbacon secures $1.1 million thanks to equity crowdfunding

Finance app Hardbacon receives boost to growth plan as it prepares to go public

A Montreal-based fintech company has secured more than $1.1 million through the Frontfundr equity crowdfunding portal as it positions itself to go public.

See:  Fintech Fridays EP51: Bacon and Eggs

Hardbacon brought in $1,136,400 from more than 800 investors, smashing its $500,000 fundraising goal. The company, which markets a personal finance app, has thus completed one of the largest rounds of equity crowdfunding in Canada, with this laterst round bringing its total financing to more than $2.2 million since its inception.

A B2C app for self-directed investors, it generates revenue from Hardbacon Premium subscriptions as well as from lead generation and sales of its two white label solutions for financial institutions: a portfolio analysis module and a financial planning module. Its partners include National Bank Direct Brokerage and Desjardins Online Brokerage, and it also has an advisor feature.

The funding will be used to accelerate the fintech’s growth and fuel its ambition to reach the summit of the lead generation market in the financial services industry.

CEO Julien Brault told WP: “Raising a round of over $1 million with a goal of $500,000 is a huge vote of confidence from our user base and the Canadian public. It put us in a very good position to execute our growth plan as well as go public.  This round, which is among the largest fundraising round in FrontFundr's history, proves once more that equity crowdfunding is a valid financing option for tech companies in Canada. I’m pretty excited about closing such an historic round and it will give us the fuel we need to hire the right people to execute on our growth plan.”

Continue to the full article --> here


NCFA Jan 2018 resize - Fintech start-up Hardbacon secures $1.1 million thanks to equity crowdfunding The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Toronto-based DeFi fintech, Ledn, closes 3rd seed round $3.4 million CAD to scale its Bitcoin-backed lending platform

Betakit | | Feb 8, 2021

ledn logo new - Toronto-based DeFi fintech, Ledn, closes 3rd seed round $3.4 million CAD to scale its Bitcoin-backed lending platform

Toronto-based FinTech startup Ledn has raised $3.4 million CAD ($2.7 million USD) in seed funding, as the company looks to fuel the expansion of its digital asset savings and credit platform amid a steadily growing rise in registered users.  Founded in 2018, Ledn offers Bitcoin and U.S. Dollar Coin (USDC) savings accounts and Bitcoin-backed loans (USDC is a stablecoin backed by Coinbase and pegged to the US dollar). The startup claims to have issued the first Bitcoin-backed loan in Canadian dollars in 2018.

The round was led by White Star Capital as part of its Digital Asset Fund. White Star Capital is a New York City-based venture capital and private equity firm that focuses on early growth-stage tech companies. White Star’s Digital Asset Fund invests in crypto-networks and blockchain-enabled business. The new Ledn investment marks the fund’s third to date.  Ledn’s round also saw participation from Darrow Holdings, Coinbase Ventures, Global Founders Capital, CMT Digital, and Kingsway. The $3.4 million brings Ledn’s total funding to date to $4.7 million CAD.

See:  Interested in a High Interest Bitcoin Saving’s Account? Interview with Ledn CEO, Adam Reeds

Ledn’s stated mission is to reinvent financial services around crypto assets. It offers Bitcoin-backed loans, where customers can put up their Bitcoin and receive fiat currency in exchange. According to Ledn, one of the advantages of this type of loan is customers getting to keep “all of the upside” of their Bitcoin position. Once the loan is repaid, the Bitcoin is returned to the customer.  Ledn also offers Bitcoin and USDC savings accounts, in partnership with Genesis Capital, which touts itself as the world’s largest digital asset lender. The accounts allow customers to earn interest on their Bitcoin and USDC holdings.

According to Ledn, the startup is already profitable, and its number of registered users is rising 25 percent month-over-month. The company says it serves thousands of customers in over 100 countries. A spokesperson for Ledn told BetaKit over 60 percent of its registered clients are from emerging economies. Ledn also claims to have the highest interest rates available in the digital asset lending space, at 6.1 percent for Bitcoin and 12.25 percent for USDC.

Ledn banner - Toronto-based DeFi fintech, Ledn, closes 3rd seed round $3.4 million CAD to scale its Bitcoin-backed lending platform

With a focus on regulatory compliance, Ledn aims to bridge the gap between traditional and digital asset-based financial services.

The startup recently underwent a formal proof-of-reserves attestation by an independent accounting firm, Armanino LLP. Proof-of-reserves is used as a way to allow customers to confirm the service they are using does in fact hold their crypto assets, on-chain. It is touted as a tool to earn and retain customer trust, in a space that has faced much uncertainty and turmoil.

“We believe that proof-of-reserves reviews that cover all assets and lending activities should be an industry standard across lending platforms,” said Mauricio Di Bartolomeo, Ledn’s co-founder and CSO. “Over time, clients have become painfully aware of why it’s important, and their preferences are evolving to demand transparency. We are making proof-of-reserves reviews a part of our standard processes,” he added.

See: 

Ledn plans to use the proceeds from its latest round to accelerate its growth and pursue expansion into global markets. The startup told BetaKit it also plans to use the capital to accelerate its regulatory compliance processes as well as its marketing and educational efforts around its own products and the value of Bitcoin in general.

“Over the past three years, we’ve focused on building a simple and secure platform that allows clients to grow their digital wealth through savings and credit products,” said Adam Reeds, Ledn’s co-founder and CEO. “As we expand on our product offering with no fee trading rolling out in the next several months and go deeper into new markets, we couldn’t be more excited to work with this select group of top venture investors that believe in our mission.”

Continue to the full article --> here


NCFA Jan 2018 resize - Toronto-based DeFi fintech, Ledn, closes 3rd seed round $3.4 million CAD to scale its Bitcoin-backed lending platform The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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CCA 2020 RegCF Year in Review Report (NCFA 20% Discount)

Crowdfund Capital Advisors | Sherwood Neiss | Feb 2, 2021

RegCF Crowdfunding 2020 year in review - CCA 2020 RegCF Year in Review Report (NCFA 20% Discount)

2020 Year in Review

(Purchase with special NCFA link below and receive 20% DISCOUNT)

2020 was a year of crisis for the country and the financial markets, but it was also the year that fully demonstrated that online finance delivers capital to diverse SMEs, across the country, while providing robust investor protections. Regulation Crowdfunding:

  •  Democratizes access to capital for women and minority entrepreneurs:
    • According to a January 2021 survey of SMEs that successfully raised the maximum $1M from Regulation Crowdfunding:
      • 45.5% had female founders
      • 40.9% had minority founders
      • 100% said that they would have raised $5M if that amount would have been available to them.
    • As a point of comparison, according to an April, 2020 Securities and Exchange Commission Report (https://www.sec.gov/spotlight/sbcfac/sbcfac-learn-from-data.pdf)
        • Black, latinx and middle-eastern founders  received just  5% of all VC investment
        • Women founders received just 13% of VC investments
  • Distributes capital to local economies across the United States despite geographical biases from the Venture Capital industry.
  • Provides local investors a legal structure to support the local entrepreneurs they believe in, with a limited amount of risk capital.
  • And over the last 4 years, with appropriate investor protections, these investments have been made with no reported fraud.

See:  RegCF Online Investment: Highest Monthly Activity in July; Small Firms Most Affected by COVID-19 Find Ready Investors and Capital

No other part of this market has such complete, longitudinal data that can deliver easy to use and comprehensive transparency to the Securities and Exchange Commission and FINRA as they conduct their oversight of the private capital markets.

Regulation Crowdfunding was one of the most bi-partisan pieces of legislation in the year it passed. It allows any startup or small business to raise up to $1.07M online from their customers, friends, family and followers. Key points about the data and this report:

  • The data in this report consists of over 125 data points collected from disclosure documents from offerings that are filed with the SEC and listed on Online Investment Platforms.
  • Each day this data is aggregated from over 50 Online Investment Platforms that are registered with the SEC.
  • The data is cleaned, normalized and transmitted to Bloomberg daily for market analysis.
  • We look at data from exempt offerings that take place under Regulation Crowdfunding and parallel Regulation Crowdfunding/506c (Accredited Investor crowdfunding).

The data in this report demonstrates that the industry has matured to a point where the market is ready to utilize the regulatory modifications that are scheduled to go into effect in March 2021. Over the last 4 years, investors, platforms and issuers appear to have followed the law and have developed scalable operational systems as well as transparency and accountability within the model. We believe that 2021 will be a year of growth and opportunity for the Online Investment Industry for the following reasons:

  1. Local economies are struggling due to the global pandemic and access to traditional capital is still a top challenge, if not the top challenge, for small businesses.
  2. Stimulus capital, if it in fact reaches the smallest businesses and economies across the nation, represents a bandaid and entrepreneurs need access to more sustainable capital which online investment/community finance provides.
  3. Market awareness of the industry has reached a tipping point where over 90% of Congressional Districts across the United States have had at least one Regulation Crowdfunding offering.
  4. There has been no reported fraud or systemic failure in the model.
  5. As more fraud continues to pervade the public markets, and distrust in them increases, investors are looking to diversify modest amounts of capital into local businesses/entrepreneurs they believe in.
  6. The SEC voted on and approved changes that go into effect in March 2021 that would increase the maximum issuers can raise from $1.07M to $5M. This additional “head room” in funding availability will attract more issuers and more mature/larger issuers that are able to raise and utilize up to $5M in capital.

See:  Biden Administration to Review and (possibly Delay) Investment Crowdfunding Improvements

A few of the key highlights include:

  • Offerings by all types of businesses in all 50 states and Puerto Rico  successfully raised more capital.
  • Offerings were up 61% year over year.
  • The number of new Issuers (SMEs) of all sizes increased 58% and raised more in 2020 than any prior year
  • Local investors are deploying rational amounts of money into local businesses in areas outside of Venture Capital
  • Regulation crowdfunding investments continues to grow at a compound annual growth rate of 88% with high unrealized returns 
  • Demographics: 1,085 Cities, 447 industries, and 750,000 investors have engaged in Regulation Crowdfunding

NCFA 20% Discount:  Sale price $200 USD (normally $250)

Purchase the 81 page PDF report on RegCF 2020 in Review with NCFA Discount --> Here


NCFA Jan 2018 resize - CCA 2020 RegCF Year in Review Report (NCFA 20% Discount) The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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