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On May 18th, the second phase of the Shanghai Chengtou Kuanting Zhangjiang Community project officially commenced operation. With this, the largest rental housing community in Shanghai, comprising 7,635 units, has now fully entered the market. Located in the core area of Zhangjiang Science City in Pudong New Area, the Chengtou Kuanting Zhangjiang Community is surrounded by numerous companies in the fields of integrated circuits, biomedicine, and artificial intelligence. The first phase of the project, comprising 4,455 fully furnished apartments, entered the market in September 2023, and its overall occupancy rate has exceeded 95%.According to Irans Tasnim News Agency, sources close to the negotiating team said that Iran stated that despite some revisions to the draft, the US demands remain too harsh.May 18th - High mortgage rates, rising oil prices, and ongoing economic uncertainty due to the war with Iran continue to weigh on potential homebuyers. However, U.S. builders are seeing a slight improvement in their business, anticipating a surge in growth towards the end of the spring. Following a sharp decline in April, the National Association of Home Builders (NAHB) Housing Market Index showed that builder confidence in the single-family home market rose 3 points to 37 in May. However, an index below 50 is considered a sign of market pessimism. NAHB Chief Economist Robert Dietz stated, "The recent rise in long-term interest rates will continue to dampen housing demand. While some regions, including parts of the Midwest, are showing relatively strong performance, the housing market still faces significant affordability challenges."The U.S. Treasury Department announced a $275 million settlement with India’s Adani Group Enterprises Limited.Mexican President Zimbabwe Sinbaum will meet with EU representatives on May 22 to discuss a trade agreement.

With a $20 Million Investment, eToro Will Enter The Blue-Chip NFT Space

Cory Russell

Apr 08, 2022 10:28

eToro has announced the formation of a $20 million fund to invest in blue-chip NFTs.


The money will be invested via eToro.art, the company's new platform.


Following the fund's inception, the trading business claims it will be "one of the largest NFT collectors internationally."


eToro, an Israeli social trading and multi-asset brokerage firm, has announced the formation of a $20 million non-fungible token (NFT) fund.

Blue-chip NFT Craze

Million-dollar JPEGs would have been laughable a decade ago. Even Nevertheless, everyone now wants an animated monkey NFT that could turn them into a billionaire. Blue-chip NFTs have carved out a place for themselves in this way.


A 'blue chip' firm is one that is considered a safe investment in the conventional financial market.


Blue-chip NFTs are those that have surged in price, such as Cryptopunks or BAYC. Market observers have begun to refer to these projects as "blue-chip NFTs," implying that they will maintain their high values for a long period.


With NFT fever on the rise, every collector is looking for a project that may turn out to be a blue-chip NFT. Finding the correct project early on, however, is not straightforward. eToro announced the opening of its $20 million fund on Thursday, with the goal of purchasing blue-chip NFTs and supporting developing ventures in the area.

eToro’s Entry in NFTs

According to an eToro news statement, the money will be invested in the company's newly created 'eToro.art' platform. The platform wants to deliver the NFT industry's 'joy and community' to its 27 million members.


Furthermore, eToro promises that once its assets are completely deployed, it will be "one of the world's top NFT collectors." NFTs from projects such as Bored Ape Yacht Club, CryptoPunks, and World of Women, among others, are already available on the eToro.art platform.


"As a firm with one eye continually on 'what's next,' eToro sees great promise in the metaverse and a spectrum of new digital assets," said Yoni Assia, Co-Founder and CEO of eToro.


Recently, more well-known businesses have been flocking to NFTs. Notably, high-profile personalities have followed Visa's example following its acquisition of CryptoPunk in August 2021. In February, KPMG Canada purchased a World of Women NFT. Simultaneously, Universal Music Group formed an NFT band centered on a Bored Ape figurehead.

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