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Hey Waivly Crew! 🌊 CXIP Labs has raised $6.5M in seed funding to make the NFT minting experience for digital artists more cost-optimized and seamless. Fidelity is now allowing eligible individuals to save portions of their 401(k) in Bitcoin.

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CXIP Labs raises $6.5M to launch NFT Development Suite

CXIP Labs, a protocol aiming to fix common problems in NFT minting, has raised $6.5 million in seed financing.

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The company plans to use the funds to roll out Holograph, a new suite of NFT products for creators, developers, and enterprises. Upon launch, the Holograph suite will include three products: Bridge, Core, and Mint.

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Using CXIP’s patented ‘holographic bridging’ technology, Bridge allows NFTs to be transferred between Ethereum Virtual Machine (EVM) blockchains. Core is a multichain application programming interface (API) for software developers, and Mint is a no-code NFT minting interface for creators.

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According to a Tuesday press release, the round was led by Courtside Ventures and Wave Financial, with participation from Gary Vaynerchuk’s Vaynerfund and celebrities Diplo, Gmoney, Pussy Riot’s Nadya, and NFT artist Justin Aversano.

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“The CXIP Labs team has a proven background in supporting artists’ rights across creative industries, Web3 fundamentals, and a vision of the future for creators informed by some of the smartest people in Web3,” Vaynerchuk commented.

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CXIP Labs has also appointed several new members to their advisory board, including rapper and producer Pharrell Williams alongside Joe Jonas, one of the three Jonas Brothers.

Binance announces crypto card for Ukrainian refugees

Binance, the world's leading cryptocurrency exchange, has launched the ‘Binance Refugee Crypto Card’ for all users.

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Created in partnership with Contis, the Binance card will allow Ukrainians who were forced to move to European Economic Area (EEA) countries due to the war with Russia to make or receive crypto payments and complete purchases at all retailers that accept card payments.

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"At such a difficult time for Ukraine, it's clear that cryptocurrencies are useful as they offer a fast, cheap and secure way of transferring funds to help people with their urgent financial needs," said Helen Hai, Head of Binance Charity.

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Along with access to crypto transactions, recipients of the card who are verified by local non-profit organizations will receive 75 BUSD (equivalent to $75) for three consecutive months, the donation amount recommended by UNHCR, the UN Refugee Agency.

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The process of getting and using a Binance Refugee Crypto Card is free. Refugees can now use an existing Binance account registered in Ukraine or sign up with the exchange using a Ukrainian home address. KYC verification will also be required.

The Waves

👀 7 most hyped NFT projects dropping soon

🚀 Bored Ape Yacht Club’s Otherside to launch later this week

🐕 Dogecoin rallies to enter top 10 cryptocurrencies

💼 Robinhood lays off "approximately 9%" of its global staff

Tech Special

Fidelity rolls out Bitcoin investing for 401(k) plan

Financial services company Fidelity recently announced on Tuesday that they will soon allow eligible individuals to save portions of their 401(k) in Bitcoin.

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Employees will be able to gain access to the option only if their employers sign off to allow them to allocate some of their 401(k) into Bitcoin.

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The company said that the new option to the 401(k) plan will begin to roll out in mid-2022. Fidelity has not revealed any details as to how much employees can dedicate their retirement funds to cryptocurrency, but The Wall Street Journal reports that employees will be able to save up about 20 percent of their retirement fund in Bitcoin.

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In a press release, Fidelity’s head of workplace retirement offerings and platform, Dave Gray, said Fidelity is planning to add support for other cryptocurrencies in the future. Gray also shared that Fidelity is excited to be the first to offer employers exposure to Bitcoin as a core lineup of 401(k)s, and that the new offer will reflect their commitment to meeting the evolving needs and belief in blockchain technology for the future of the financial industry.

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Fidelity may face opposition to their new 401(k) option. Back in March, the US Department of Labor has cautioned fiduciaries against offering employees the option to save for retirement in cryptocurrency due to it posing risks and challenges to the accounts of those who choose to save for retirement using cryptocurrency.

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Jack in the Box tests fryer & drink station robots

On Tuesday, Jack in the Box announced it is launching a pilot program that will test Miso Robotics' Flippy 2 (frying) and Sippy (drink-prepping) robots in a San Diego restaurant.

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“This collaboration with Miso Robotics is a steppingstone for our back-of-house restaurant operations,” Jack in the Box COO Tony Darden said in the release. “We are confident that this technology will be a good fit to support our growing business needs with intentions of having a positive impact on our operations while promoting safety and comfort to our team members.”

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The Flippy 2 will be used to automate the fryer station to cook up curly fries, tacos, chicken nuggets, and other fried food. The Slippy will automate cup dispensing and beverage filling and top the drinks with an airtight drink seal rather than the average plastic lid we’re all used to.

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Jack in the Box joins Chipotle, Panera, White Castle, and others in using Miso's technology. While neither of the companies has disclosed how long the pilot will last, Jack in the Box said it was open to "further integration" in the coming months.

Own and secure your crypto with Ledger

If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.

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Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.

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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.

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