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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

chest

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.

user avatarFilippo Romano

Gold Prices Surge to Three-Month High

chest

Gold prices surged to a three-month high, reaching $4,696.18 an ounce, driven by a weaker dollar and falling Treasury yields.

user avatarEmily Carter

BNB Smart Chain Set to Activate Pasteur Hard Fork

chest

BNB Smart Chain is set to activate its Pasteur hard fork on August 25, introducing significant network changes.

user avatarKaterina Papadopoulou

TAC Halts Block Production Due to Supply Exploit

chest

TAC, a Cosmos-based EVM sidechain connected to the TON ecosystem, has halted block production after a supply-related exploit.

user avatarTomas Novak

The Need for Reliable Data in Real Estate Tokenization

chest

The need for reliable pricing data in real estate tokenization is crucial due to the unique challenges it faces compared to liquid crypto assets.

user avatarMaya Lundqvist

TON Foundation to Permanently Shut Down Legacy Bridge on September 1

chest

The TON Foundation has confirmed the permanent shutdown of its legacy bridge on September 1, requiring users to transition their wrapped TON and related assets back to native forms.

user avatarLeo van der Veen

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.