Frax CEO: Many concerns surrounding stablecoins are unfounded

[Frax CEO: Many concerns surrounding stablecoins are unfounded] Golden Finance reported that Frax CEO Sam Hamidi-Kazemian believes that many concerns surrounding stablecoins are unfounded. According to Hamidi-Kazemian, it is "almost impossible" for USDC, Frax or DAI to have the same fate as UST. But he concedes that, despite this, the damage from Terra's mismanagement and its colossal collapse may take some time to heal. (beincrypto)

Other news:

Framework Ventures launched the service platform Framework Tent to the founders of its investment projects: On July 13th, Framework Ventures launched the service platform Framework Tent to the founders of its investment projects, and issued access license NFT to these founders. Framework Ventures hopes that the platform will become a full-service platform including data, content, events, partner opportunities, etc. to support the projects it invests in. [2022/7/13 2:09:51]

The investment fund of DeFi venture capital firm Framework Ventures has increased to $300 million: The value of the investment fund of DeFi venture capital firm Framework Ventures has increased from an initial $14 million to $300 million. Framework Ventures co-founder Michael Anderson said the company aims to double the size of Framework's engineering and project teams by the end of 2021. (CoinDesk) [2021/2/12 19:34:01]

Artist Franky Aguilar tokenizes his latest art creation for 250 ETH: Last week, in the Los Angeles office of Douyin's overseas version of TikTok, artist Franky Aguilar drew an art painting on the spot. Yesterday, Aguilar tokenized the work on the Ethereum blockchain (the number of tokens is 1, representing the ownership of the work). It is reported that the current price of the work is 250 ETH (approximately US$54,468). If a buyer purchases this work, he will receive the above-mentioned tokens, which contain metadata such as the location, size and materials used for the work. (Decrypt)[2020/2/28]