Daily Digest 8/24

Insight on the biggest news and charts that provide context for whats going on in the market.

• Fetch. Ai and Alethea, which is backed by Mark Cuban, are introducing Ai to the NFT space. Fetch is using Ais collective learning to generate random NFTs on the platform called Colearn paint. The focus of the platform is to generate abstract compositions. Alethea wants to take the NFT creation one step further; however, by creating an NFT Metaverse. To do this they will be creating NFTs that are intelligent, meaning they can talk and have other human characteristics. Fetch.ai launches NFT platform for AI-generated art , and AI firm raises $16 Million to Create NFT Metaverse.

• Cardano wallets that hold at least $1 million worth of ADA tokens surge from 3,625 to 9,830.This year ADA has released its Mary update which allowed for more assets to be built on Cardano blockchain, Shelley hard fork which introduced the proof of stake layer and in september they’re supposed to launch the Alonzo hard fork which will bring smart contracts to Cardano. Number of Cardano millionaires jumps 173% after price hits all time high.

Kraken is looking to expand its services to the UK just like its rival exchange coinbase. Besides coinbase Kraken is one of the most popular exchanges in America and may be bigger than Coinbase if they were able to be accessed by NY residents. Kraken CEO, Jesse Powell, says that they have been in talks with multiple European regulators for countries such as Malta, Luxembourg, and Ireland. They already operate in 160 jurisdictions around the world, are looking to acquire a US banking license, and have plans to make the exchange a publicly traded company. US Kraken exchange targets European license in 2021, says CEO.