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Hey Waivly Crew! 🌊 NFT marketplace Particle has revealed the first piece of art that will be featured and ‘particalised’ on the platform – Banksy’s iconic “Love is in the Air”. Yesterday, Fidelity Canada launched the Fidelity Advantage Bitcoin exchange-traded fund and the Fidelity Advantage Bitcoin ETF Fund.

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Banksy’s ‘Love Is in the Air’ to be fractionalized into 10,000 NFTs

Particle has revealed that its first acquisition is Banksy’s “Love is in the Air”, which the team acquired for $12.9 million at auction.

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Particle is launching its platform by dividing the original Love is in the Air painting into a 100x100 grid, resulting in 10,000 Particles which will then be sold as NFTs, allowing anyone to own a piece of the iconic painting.

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The physical version of Love is in the Air will be handed over to Particle Foundation, a non-profit whose job is to maintain, preserve, and tour the work so that collectors can see the pieces that they own.

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Loic Gouzer, Particle co-founder and former ex-head of contemporary art at Christie’s, explained Particle’s decision to buy Love is in the Air. “When I was a kid and I was looking at auctions and catalogs, I always felt it was impossible to participate financially and that I was by definition excluded,” he said. “Fractionalizing the work in 10,000 NFTs allows a much wider audience to be part of a collecting experience.

100 Thieves raises $60 million in Series C funding round

North American esports organization 100 Thieves has raised an additional $60 million in financing, closing its Series C round.

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The Series C was led by Green Bay Ventures with further support from existing and new investors including Breyer Capital, Aglae Ventures, Tao Capital, Willoughby Capital, and Artist Capital Management. Following this round, 100 Thieves are now valued at $460m.

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“I’m incredibly excited about the valuation, but it doesn’t stop here,” 100 Thieves founder and CEO Matthew ‘Nadeshot’ Haag told Forbes. “Valuation is one thing, but delivering results in the future for our investors and our community and our board members is the number one goal.”

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The finance will support 100 Thieves' rapid growth in esports, along with entertainment, apparel, and the launch of new businesses and strategic acquisitions.

The Waves

🚀 Adidas enters the Metaverse with NFT pioneers

📖 Important lessons from successful entrepreneurs

💨 Tesla launches ‘Cyberquad for Kids’, shipping begins in 2-4 weeks

🏦 Wall Street banks are exploring Bitcoin-backed loans

Crypto Special

Crypto CEOs to testify before US House Financial Services Committee

CEOs from six major cryptocurrency companies are set to testify before a US congressional committee on December 8th, committee Chair Maxine Waters announced.

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FTX’s Sam Bankman-Fried, Circle’s Jeremy Allaire, Bitfury’s Brian Brooks, Paxos’ Charles Cascarilla, Stellar Development Foundation’s Denelle Dixon and Coinbase’s Alesia Haas will speak at the session named “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”

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The Committee’s agenda is to focus on fairness, protecting consumers and investors, holding large financial institutions and emerging tech products and services accountable for the protection of consumers and investors. 

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The hearing comes after the current SEC head Gary Gensler, requested that crypto trading platforms be required to register with the SEC to minimize fraud and increase regulatory compliance.

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Fidelity Canada launches Bitcoin ETF and Bitcoin Mutual Fund

Fidelity Canada has officially launched the Fidelity Advantage Bitcoin exchange-traded fund (ETF) and the Fidelity Advantage Bitcoin ETF Fund (mutual fund).

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Both funds mark the first assets to be made available in Canada. The funds have the tickers FBTC (Canadians Dollar version) and FBTC.U (U.S. Dollar version), and are now listened on the Toronto Stock exchange.

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"As bitcoin and digital currencies are gaining recognition among investors, we are pleased to offer a professionally managed bitcoin ETF and ETF Fund supported by the strength and scale of Fidelity," said Kelly Creelman, Senior Vice President, Products and Marketing, Fidelity Investments Canada ULC.  

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The Fidelity Advantage Bitcoin ETF will invest in Bitcoin directly or through derivative instruments, and customers will be able to make purchases in the fund. Fidelity currently manages CA$208 billion ($162.27 billion) in assets in the country.

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The ETFs will have an annual management fee of 0.4%, and over 98% of Bitcoin purchased by the funds is stored in cold wallets.

Own and secure your crypto

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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