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Ripple's Upcoming Stablecoin Set to Transform Market

Ripple's Upcoming Stablecoin: A New Player in the Cryptocurrency Market As the cryptocurrency landscape continues to evolve, Ripple is set to make waves with its forthcoming stablecoin, which promises to be fully backed by U.S. dollars, short-term U.S. government treasuries, and other cash equivalents. This bold move indicates Ripple's belief in the potential for the stablecoin market to transform into a multi-trillion-dollar sector. With monthly attestations and third-party audits, Ripple aims to foster trust and transparency, essential components in the world of digital currencies. The Vision Behind the Stablecoin Ripple's Chief Technology Officer, David Schwartz, shared insights with Decrypt about the rationale behind this venture: Market Potential : The current stablecoin market, valued at approximately $150 billion, is expected to grow exponentially. Schwartz emphasized Ripple's unique positioning to capture this opportunity. Institutional and DeFi Presen...
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Produced by Daniel Aharonoff & Mogul Media AI

Unveiling the Digital Poetry Revolution: Ana Maria Caballero's "Cords" Auction at Sotheby's

Ana Maria Caballero's poem "Cords" made waves in the art world last week when it fetched 0.28 Bitcoin or $11,430 at Sotheby's. The piece was featured in the Natively Digital auction, a collection of Bitcoin Ordinals inscriptions that delved into the realm of NFTs. This sale marked a significant moment for Sotheby's as it was the first time the auction house sold an individual poem, excluding manuscripts and books.

Key Points from the Sotheby's Auction:

  • Poem Details: "Cords" by Ana Maria Caballero
  • Buyer's Bonus: The buyer will also receive a signed print of the poem
  • Artist's Perspective: Caballero viewed the sale as an affirmation of the inherent value of written poetry

Michael Bouhanna, VP and Head of Digital Art at Sotheby's, highlighted the uniqueness of this sale, emphasizing that the value of the poem lies solely in its text, devoid of any additional sensory experiences like visuals or sounds. Caballero expressed her excitement about the opportunity to showcase the worth of words and language through this auction.

Inclusion in Caballero's Upcoming Book:

  • Title: Mammal
  • Significance: "Cords" will be featured in Caballero's upcoming book, adding another layer of prestige to the poem

The Natively Digital auction featured works by various artists, each contributing to the exploration of NFTs and digital art. Notable inscriptions, such as those from the "Quantum Cats" collection, commanded high prices, with one selling for over $250,000.

Artist Collaborations:

  • Curatorial Theme: Archeology in the blockchain
  • Collaboration: FAR invited Caballero to contribute a poem to the auction, emphasizing the unique intersection of art and technology

Caballero's accolades in the poetry world, including awards like the Beverly International and Josè Manuel Arango National Poetry Prizes, underscore her talent and recognition within the industry. Her involvement in theVerseverse, a digital poetry and NFT gallery launched in 2021, further cements her place at the forefront of innovative artistic endeavors.

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