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Quick Take

• “The Doge NFT” is currently the most valuable fractionalized NFT with an implied valuation of $158 million
• There are currently two ways to fractionalize NFTs: fractionalizing a single NFT or homogenizing multiple similar ones
• Fractionalizing NFTs helps create liquidity that facilitates price discovery and democratizes NFT ownership

More details emerge from the Treasury’s coming report on stablecoins.

The post Treasury preps stablecoin framework as officials fear stability, redemption risks: report appeared first on The Block.

Audius raised $5 million from some of the music industry’s top figures such as Katy Perry, Jason Derulo, and Sony Music’s former CEO.

The post Blockchain-based music platform Audius raises $5 million from music industry giants appeared first on The Block.

Quick Take

• OpenSea says it is implementing new procedures after a now-former executive was caught trading NFTs with inside knowledge. 
• While legal sources say the actions didn’t break the law, it could draw the ire of regulators who are already applying heavy scrutiny to the industry. 
• On Thursday, OpenSea said that Nate Chastain, former head of product, had been asked to resign. 

“The mission of my art was always to showcase women, and put them in the spotlight, and bring more diversity into the space,” says Yam Karkai, who launched the NFTs with her partner Raphael Malavieille.

Overall, 52% of surveyed investors invested in digital assets, with Asian and European investors more likely to do so than American ones.

The post Fidelity Digital finds 90% of surveyed investors find digital assets appealing appeared first on The Block.

Revolut has announced that it plans to use bitcoin to pay for office space for 300 employees in a WeWork in Dallas – its largest office in the United States.

The post Why Revolut is paying for WeWork membership in bitcoin appeared first on The Block.

Proof-of-stake blockchain platform Avalanche has raised $230 million in a token sale to institutional investors.

The post Polychain and Three Arrows Capital lead $230 million investment in Avalanche appeared first on The Block.

El Salvador has installed 50 of its Chivo bitcoin ATMs in 10 cities across the U.S., according to a tweet from its president.

The post El Salvador brings Chivo ATMs to the US appeared first on The Block.

Mobile crypto platform Celo has expanded its team with a range of top hires from inside and outside of the crypto sector.

The post Celo picks up key hires from a16z, Facebook’s Novi and Google appeared first on The Block.