Crypto: Star Atlas ships selling for big bucks; real estate platform accepts Dogecoin


The top 10 holders of a highly anticipated upcoming sci-fi blockchain game hold an inventory with a nominal value of a whopping US$6.8 billion in starships and other galactic space assets.

That doesn’t mean they’ve paid that much for the Star Atlas assets, obviously. Some in-game items were given away to early supporters of the Solana-based “metaverse” game, such as those that had bought “meta-posters”.

But there’s no question that the spaceships for the yet-to-be-released game have been selling briskly. The legendary Calico Guardian, a capital ship, was released for US$29,985 and quickly sold out all 235 in just three minutes earlier this month. (Smallers ships are available for much less, like the one-seater Opal Jets, which are trading for less than US$20 ).

Buy apartment tower tokens with Dogecoin

A leading real estate tokenisation platform says it will accept Dogecoin for payments for two projects, in addition to stablecoins pegged to the United States dollar.

RedSwan CRE is accepting Dogecoin as payment for tokens in a 270-unit luxury high-rise in downtown Oakland and a 251-unit development near Seattle.

New investors who come in will be invested alongside established blue-chip institutional investors who have already committed capital to the two projects, RedSwan says.

The platform has a US$36 million allocation between the two projects. It’s targeting a 26 per cent internal rate of return on the Seattle project and 19 per cent on the Oakland one, with a minimum investment of just US$1,000.

“We are excited about bringing this exclusive investment opportunity to Dogecoin holders,” said RedSwan CRE chief executive Ed Nwokedi. “RedSwan CRE recognizes that cryptocurrency payments are becoming the favoured way to transact in the digital economy and is putting its support behind the ecosystem.

“Dogecoin is one of the fastest-growing coins in the space with strong name recognition and popularity. It is on the cusp of transitioning from a ‘meme coin’ to legitimate institutional and transactional use cases.

“With this initiative, RedSwan CRE is doing its part to accelerate that evolution by providing educational value towards building wealth.”

Portal Digital Fund up 67% YTD

A digital asset fund is celebrating after it was named the best-performing fund of hedge funds in the Asia Pacific.

Data provider Preqin honoured the Portal Digital Fund after it returned 67.3 per cent net of fees year-to-date, with 98 per cent return of net fees over the past 12 months.

“To achieve such recognition by Preqin early in our development is an honour and testament to the hard work of the team,” said Portal Asset Management chief executive and co-founder Deryck Graham.

The fund is currently diversified across nine institutional-grade digital asset funds, said chief investment officer Mark O Witten.

 





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