NFTs
BlackRock bets $40,000 on Memecoins and NFTs after $100 million bet on USDC
Deepening its commitments to web3, BlackRock diversified its portfolio with the strategic acquisition of memecoins, NFTsand cryptographic tokens, collectively valued at $40,000.
It was all made possible through the financial giant’s partnership with Securitize Markets – a regulatory-compliant digital platform – enabling a $100 million investment in Ethereum’s USDC stablecoin, which is pegged to the US dollar.
Making use of USDC, BlackRock’s eclectic collection of digital assets now includes Ordinals Pepe, CryptoDickbutts NFTs, unshETHing_Token, Mog Coin, and Realio Network’s $RIO.
Highlighting the impact of these acquisitions, CoinGecko reports a notable 64.5% increase in daily $RIO volume after joining BlackRock’s rich portfolio.