"Building our music, media and collectibles NFT marketplace with NAX on Algorand was an easy decision. A carbon-negative, super-fast blockchain with no gas fees to mint, buy or sell our iconic catalog of music assets is exactly what we and the industry needs to bridge millions of fans into the world of NFTs. We are excited to launch the marketplace soon and create something really special for music fans," said Jimmy Hutcheson, CEO of Spin Magazine.
In September, Algorand, NAX, and SkyBridge unveiled UNLOX at SkyBridge's annual SALT Conference in New York. This groundbreaking initiative accelerates growth of decentralized applications on Algorand. With Anthony Scaramucci as its chairman, the group is focusing on a variety of decentralized finance efforts associated with digital currencies.
NAX creates new markets and ecosystems around corporate assets. From seed to securitization, the company co-leads the commercialization of these initiatives with its partners. NAX maintains its headquarters in Manhattan Beach, CA, and has offices in Palo Alto, New York, London, Paris, Zurich, and Frankfurt.
SkyBridge is a global alternative investment manager that provides a range of investment solutions to individuals and institutions. Addressing every type of market participant, SkyBridge's investment offerings include commingled funds of hedge funds products, customized separate account portfolios, hedge fund advisory services, and an Opportunity Zone focused on non-traded REIT. The firm is headquartered in New York.
Algorand is building the technology to power everything from the creator economy to the convergence of traditional and decentralized finance. Founded by Turing Award-winning cryptographer Silvio Micali, Algorand developed a blockchain infrastructure that offers the interoperability and capacity to handle the volume of transactions needed for anyone to transition into the new digital economy. The leading decentralized infrastructure of choice for visionary leaders across more than 1000 global organizations, Algorand is enabling the simple creation of next-generation financial products, protocols and exchange of value.