FTX Announces Cripco $IP3, The Latest IEO

FTX has launched the latest Initial Exchange Offering (IEO) project called Cripco $IP3. Although it is a platform for NFTs, it does not come bundled with any businesses or customers. If you are a wise investor, you should keep an eye out for tiny cap startups because companies like these will be the next 100-times-valued ventures. There is only one location where you may obtain them readily accessible: ICO, IDO, or IEO. Anybody can invest in ICOs and IDOs. In addition, they get the opportunity to participate in current initiatives before the information is made public.

FTX is the third-largest cryptocurrency exchange by volume, making it one of the top three largest exchanges. It can be a very appealing launchpad in the industry as a whole. This platform has a long history of initial exchange offerings (IEOs). At least a tenfold return on investment may be expected from each launch. However, it has the potential to reward investors 100 times or more than their initial investment.

Cripco $IP3 logo

Sam Bankman-Fried, an entrepreneur who does what he loves for a living, is one of the people who started FTX. He is one of the co-founders of Serum, which was the first DEX on Solana and used a central limit order book (CLOB).

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In the year 2020, centralized exchange performance was introduced into Defi by the company Serum. The Bankman-Fried team, in collaboration with Solana, has had the opportunity to use the FTX Exchange, which has shown to be the most effective launchpad for top Solana initiatives. SRM is the token of Serum, and it was the second initial exchange offering (IEO) on FTX. It offered a fee of 11 cents to the IEO participants. All of them are fortunate. In addition, it has provided approximately $14 a year later, and this % was the biggest one reached this year.

The debut of INDI or Imminent IndiGG is expected to occur between March 8 and 9. Crypto.com anticipates that the worldwide trend toward metaverses will be the driving force behind the boom in blockchain gaming in the year 2022.

Nevertheless, you should be aware of the fact that our nation can brag about having the highest number of crypto users on a worldwide scale. Moreover, one hundred million Indians, or around 7–8 percent of the country’s total population, have some exposure to cryptocurrencies.

In reality, a non-fungible token (NFT) is a cryptographic representation of a unique digital asset. People use the phrase to refer to assets such as a specific copy or music version. People also use the term to refer to intellectual property. You can store it “off-chain” or on a blockchain.

Also Read: Cristiano Ronaldo Partners With Binance For NFTs

Keep in mind that the underlying technology behind every NFT is a Bitcoin smart contract. Because of this, every single NFT is one of a kind. After that, BTC maintains a record that informs you that it has previously possessed the NFT.

We were anticipating that NFT would provide a new problem for intellectual property. Tokenization makes converting music into a digital asset possible, which is why this is the case. After then, it was either licensed for use or put up for sale in a market.

After acquiring ownership of an NFT, you cannot become the new owner of the intellectual property rights associated with the asset in question. This is the first thing you need to keep in mind. However, the owner of the NFT will gain certain rights in exchange for their investment. On the other hand, it is dependent on the contract provisions documenting the NFT transfer.