Art and collectibles authentication company Codex will launch its mainnet and initial coin offering this week, while Washington and Hong Kong will be the sites of blockchain conferences.
Codex ICO, Mainnet Launch This Week
This week brings the initial coin offering and mainnet launch of Codex, a startup whose decentralized registry uses blockchain technology to authenticate and verify the transaction history of art and collectibles.
Codex’s ICO launches Tuesday and ends Aug. 8, according to ICOWatchlist.com and ICOListBase.com. Tokens will take the symbol CODX and be priced at 5.5 cents each. The company plans to issue a total of one billion tokens.
Meanwhile, Codex was planning to launch its mainnet on the Ethereum platform by midnight Central Daylight Time Monday, its technology chief and co-founder John Forrest said in a blog post Thursday.
The startup’s co-founder and CEO, Mark Lurie, has a master’s degree in business from Harvard, and co-founder Jess Houlgrave is an Oxford-trained investment banker with a master’s in business from Sotheby’s Institute of Art. She wrote her thesis on blockchain applications in the art ecosystem.
The company has received a $5 million investment from Pantera Capital, a hedge fund that invests in blockchain technology, and is backed by Bessemer Venture Partners and FJ Labs, Bloomberg has noted.
Although Codex is focusing initially on art and collectibles, the company says in its white paper its platform eventually could be applied to other categories of unique assets, including luxury goods, agricultural and industrial equipment, and real estate.
Blockchain Goes to Washington
George Washington University will host the third annual Blockchain Conference Washington, D.C., this week.
The two-day conference kicks off Thursday. Organizers say it will bring together important figures in finance, technology, government and venture capital to discuss blockchain technology, new tokens and regulation.
Scheduled speakers include Blake Richardson, CEO and co-founder of CryptoPets; Merit Labs founder and CEO Adil Wali; Theodora Lau, founder of Unconventional Ventures; and Wendy Henry, federal blockchain lead at Deloitte Consulting. Read more here.
Conference on Non-Fungible Tokens in Hong Kong
Non-fungible tokens (NFTs) and blockchain gaming will be central themes at the Nifty conference in Hong Kong this week.
Speakers at the event, which also features a hackathon, include CryptoKitties co-founder Benny Giang; Kyle Lu, founder and CEO of DAPP.com; Esteban Ordano, Decentraland founder and CTO; and Pete Kim, Coinbase’s head of engineering.
The conference runs from Tuesday evening through Thursday, and sponsors include Kenetic, Decentraland and CryptoKitties.
Meetings will address topics including NFT identity systems and human identity API, authenticating NFTs, the future of NFT token standards and how to design crypto games. Read more here.
Last Week’s Top News
Fed Chairman: Cryptocurrencies a Major Investment Risk
Federal Reserve Chairman Jerome Powell is voicing skepticism about cryptocurrencies.
Appearing before Congress, Powell warned unsophisticated investors will be harmed by investing in bitcoin (BTC) and other cryptocurrencies because they are not real currencies and have no intrinsic value. Read more here.
IDC: Global Blockchain Spending to Reach $11.7B in 2022
Worldwide spending on blockchain solutions is forecast to reach $11.7 billion in 2022, according to a new update to the Worldwide Semiannual Blockchain Spending Guide from International Data Corporation. Read more here.
Baidu Launches Token as Incentive to Use Photo App
Chinese e-commerce giant Baidu is offering a token to get people to use its new blockchain-based photo-validating and sharing service.
Baidu said the photo-sharing platform, Totem, is now live and features a dedicated token called Totem Point, according to a local news report. Read more here.