• OpenSea and 776 are the backers of Americana, a digital vaulting platform.
• The platform enables the display, sharing, and trading of physically vaulted assets.
• It is backed by Reddit co-founder Alexis Ohanian’s venture capital firm 776.
OpenSea Backs ‘Americana’ Vaulting Platform
OpenSea and 776, the venture capital company founded by Reddit co-founder Alexis Ohanian, have backed Americana’s digital vaulting platform. The platform enables the display, sharing, and trading of physically vaulted assets. Jake Frey, the company’s CEO and founder of Frey Labs , a digital design agency whose client roster includes Apple, Snapchat, Shopify, and Twitter – is also behind this initiative.
Revolutionizing Vault Storage
Vaults in banks and art storage facilities have been used since the nineteenth century to store valuables but they make them unavailable for public display or purchase. However with Americana comes a novel approach that allows tokenized versions of assets to be traded without buyers or sellers having to visit the actual building as their authenticity is verified via an on-chain certificate. Anything from rare trainers to classic automobiles can be securely stored using this method which requires transportation professionals to create an intake strategy before items are digitized and recorded in a secure manner.
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El Salvador has seen its bonds witness whopping 60% gains this year due to its revolutionary move of making Bitcoin legal tender within its borders alongside US Dollar. This news was shared recently by Cardano’s CEO Charles Hoskinson who revealed updates about his rollup strategy as well.
Verifying Authenticity
Americana’s use of blockchain technology ensures that users are able to verify authenticity when trading physical items online; something which was not possible before due to lack of trust between parties involved in such transactions earlier. This makes it easier for people looking to invest in physical valuables as their ownership will be digitally verifiable at all times while being securely stored away (in vaults) even when these items are being bought or sold on online marketplaces or auction sites etcetera.
Summary
OpenSea and 776 (venture capital firm founded by Reddit co-founder Alexis Ohanian) have backed Americana – a vaulting platform that allows users to digitally display physical assets like exquisite art pieces or classic cars while still keeping them securely stored away with blockchain tech ensuring authenticity verification whenever these items are traded online on marketplaces or auction sites etcetera . El Salvador’s recent decision making Bitcoin legal tender alongside US dollar has resulted in its bonds witnessing 60% gains this year – news shared recently by Cardano Founder Charles Hoskinson who revealed updates about his rollup strategy too adding more optimism towards crypto adoption worldwide..