According to the contract terms, Bakkt will buy Apex Crypto for a maximum of $200 million. Bakkt will pay $55 million in cash when the deal closes. If the acquired company meets its financial goals by the fourth quarter of 2022 it will pay up to $45 million in Bakkt stock. If the acquired company meets its financial goals by the end of 2025, Bakkt may pay up to an additional $100 million in Bakkt stock and seller notes.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report<\/a><\/p>\n","post_title":"Bakkt Ready to Purchase Apex Crypto for $200M","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bakkt-ready-to-purchase-apex-crypto-for-200m","to_ping":"","pinged":"","post_modified":"2022-11-06 01:40:18","post_modified_gmt":"2022-11-05 14:40:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8134,"post_author":"10","post_date":"2022-11-05 05:42:14","post_date_gmt":"2022-11-04 18:42:14","post_content":"\n

The only American-owned team racing in the FIA Formula 1 World Championship, Haas F1 Team, announced<\/a> a partnership with OpenSea, the top peer-to-peer<\/a> marketplace for non-fungible tokens<\/a> (NFTs).<\/p>\n\n\n\n

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• As an official partner of Haas F1, Opensea will collaborate with the team and other partners to create an NFT-branded collection.<\/li>\n<\/ul>\n\n\n\n
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  • With this partnership, Haas F1 Team and OpenSea will concentrate on creating a fantastic tool that allows supporters to connect with the team and will provide intriguing collections to the NFT community. Although, the team has been vague on exactly what their NFTs will look like and if investors receive more than just an NFT.<\/li>\n<\/ul>\n\n\n\n
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    • They want to provide the NFT community with fresh and distinctive collections thanks to a common vision for boosting participation and offering exceptional Web3 experiences. \"NFTs have the incredible power to unlock new experiences and give us a canvas to bring people together around the things they love in new ways,\"<\/em> said Team Principal at Haas, Guenther Steiner. <\/li>\n<\/ul>\n\n\n\n
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      • Haas F1 Team's VF-22 automobiles will have the OpenSea logo for increased exposure in support of the alliance.<\/li>\n<\/ul>\n\n\n\n

        See Related:<\/em><\/strong> OpenSea Valued At $10B After Investment Offer<\/a><\/p>\n\n\n\n

        Haas And OpenSea - What It Entails<\/h2>\n\n\n\n

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        • Shiva Rajaraman<\/a>, VP of Product at OpenSea, claims that NFTs can create new experiences. According to him, NFTs also provide a platform for bringing people together in new and interesting ways around the things they like.<\/li>\n<\/ul>\n\n\n\n
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          • Steiner noted that Haas has \"waited to find the right partner in the NFT space and in OpenSea we\u2019ve found exactly that...we know we\u2019ll be in good hands as they\u2019re not only connected to all the key players but they\u2019re an industry leader with innovation at the forefront of all they do.\u201d<\/em><\/li>\n<\/ul>\n\n\n\n
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            • \u201cIt\u2019s going to be exciting for us to take our first steps into the NFT environment and engage with OpenSea\u2019s passionate community. We have some fun ideas how we can do things differently,\"<\/em> stated Steiner.<\/li>\n<\/ul>\n\n\n\n

              See Related:<\/strong><\/em> OpenSea To Support Solana NFTs<\/a><\/p>\n","post_title":"Haas F1 Team Partners with OpenSea for NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"haas-f1-team-partners-with-opensea-for-nfts","to_ping":"","pinged":"","post_modified":"2022-11-07 21:18:21","post_modified_gmt":"2022-11-07 10:18:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};