France Tipped As Next European Crypto Hub
This week DeFi exchange giant Crypto.com announced a $146 million deal to lay the foundations of its European arm in Paris. They follow fellow crypto exchange, Binance, which attained operating permissions earlier this year. France has welcomed these networks intending to expand the cryptocurrency sector. This signals only good things for investors in France, along with projects which will almost certainly receive additional investment from newcomers joining the market. Crypto.com are planning to hire plenty of local talent in France to staff their new facility, putting down permanent roots in the country. As other areas, such as Portugal, begin tightening up crypto laws and planning gains taxes, France is shaping up to be the next crypto financial hub of Europe. Watch this space.
Uniglo Offers Unique Art Opportunity
France is famed for many things: aside from food, fine wine, and iconic architecture, France has long had a thriving cultural history of art. The French art market is booming, with Sotherby’s recording a 145% increase in sales volume in 2021. Vincent van Gogh’s Scene de rue à Montmartre recently went under the hammer for almost $13 million. These special works disappear into private collections, but what if there was a way to own a piece of them and share the artwork communally? Projects like Uniglo think treasures and the gains that can be made from holding them should be accessible to all. Uniglo features the GLO Vault, which stores rare and valuable NFTs in order to benefit from their steady appreciation in value. The Vault is also bolstered by more volatile assets like cryptocurrency and digitized commodities (e.g., Gold). Uniglo perfectly marries traditional investments like acquiring an antique with modern, digital finance.
Uniglo generates funds for its treasury through buy-and-sell taxes, meaning the more people buy into the project and use the native token GLO, the greater the purchasing power of the Vault. This, in turn, amasses more assets, like choice pieces from the French art market, to be held to gain further capital. French art has reliably turned out astronomical profits for hundreds of years, and the industry continues to flourish, particularly when investors spot a promising young artist and snap up early work. Similarly, GLO is in its early phases as a new project, meaning now is the time to become involved if you like the idea of this special protocol. Presale available now.
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