BlackRock Now Owns Two Rocks NFTs: Unexpected Additions in the Crypto Space

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Unexpected NFTs in BlackRock Wallet
  2. Impact on ETF Market
  3. BUIDL Token Influence Expansion


    4. BlackRock, one of the biggest ETF carriers in the crypto space, has become the owner of two Rocks NFTs. These NFTs were received in one of the company's public wallets over the past few days.

    Unexpected NFTs in BlackRock Wallet

    BlackRock, which has previously taken a more serious stance in cryptocurrencies by becoming an ETF issuer and releasing its RWA token named BUIDL, now also owns NFT-like inscriptions or Ordinals on the Bitcoin blockchain. One of the company's wallets was supplied with a black Rock NFT, followed by a white Rock NFT the next day. These random inscriptions targeted the largest ETF wallet among all crypto holders. As of August 24, BlackRock became the biggest holder of ETF reserves after Grayscale divested some of its holdings. The two Rocks NFTs landed into the wallet of the BlackRock IBIT ETF.

    Impact on ETF Market

    The known wallet of the BlackRock IBIT ETF has previously received other NFTs, hidden among serious financial transactions. These new NFTs can be visualized on NFTScan. Sending out NFTs or tokens has been a long-running practice in the crypto space, especially targeting the wallets of well-known players. The two Rocks inscriptions are numbered and represented on the Bitcoin blockchain. The wallet also contains other inscriptions and images, such as Inscription #75151663.

    BUIDL Token Influence Expansion

    While NFTs may be a form of minor cyber vandalism, BlackRock continues to bet on the space with real-world assets. The BUIDL token, tied to US T-Bills, expanded its supply to $514 million. It has already spread across 20 addresses, up from 18 previous holders. The token is also used as collateral, representing up to 25% of all tokenized government debt on the market, excluding stablecoins. In the past month, BlackRock redeemed $500,000 in USDC from its on-chain fund, sending the stablecoins back to Ondo Finance.

    The recent connections of BlackRock wallets reveal that the crypto space remains unpredictable and uncensored, despite its ties to traditional finance and significant investments.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Moonshot AI Launches Kimi K31 Pro with Limited Offensive Capabilities

Moonshot AI has launched its Kimi K31 Pro model, intentionally excluding certain cyberattack-related data from its training.

user avatarTomas Novak

OCC's Final GENIUS Act Rule Takes Effect on January 18, 2027

The Office of the Comptroller of the Currency (OCC) has published final regulations for payment stablecoin issuers, effective January 18, 2027.

user avatarJesper Sørensen

Justin Sun Prize Pilot Program Launched to Reward Mathematical Discoveries

The Office of Justin Sun announces a pilot program for the Justin Sun Prize in collaboration with MathDB to reward mathematical discoveries.

user avatarRajesh Kumar

Charles Schwab Introduces Crypto Trading for US Clients

Charles Schwab has launched Schwab Crypto, enabling eligible US clients to trade Bitcoin and Ether at a fee of 0.75% per trade.

user avatarFilippo Romano

Policy Uncertainty Grows as Key Adviser for Digital Assets Office Departs

Policy uncertainty grows as key adviser for digital assets office departs, creating a policy vacuum amid ongoing regulatory discussions.

user avatarEmily Carter

Spot Bitcoin ETFs Face Major Withdrawals Amid Institutional Shift

Spot Bitcoin ETFs in the US experienced substantial net withdrawals totaling 909 million over two weeks.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.