LEG tokenholders will be able to vote on multiple club decisions, be eligible for VIP rewards and experiences, receive exclusive club and sponsor promotions, and participate in games, competitions, and exclusive chat forums, said Socios.com CEO Alexandre Dreyfus.
The firm said it now oversees $40 billion worth of assets. The vast majority of that is in the $33.1 billion Grayscale Bitcoin Trust and $5.7 billion Grayscale Ethereum Trust. The remaining $1.2 billion is in six alt-coin trusts and the multi-asset Grayscale Digital Large cap Fund.
According to crypto asset market data website CoinGecko, the value of the NFT SOCKS tokens—each backed by a pair of Uniswap-branded socks that can be redeemed for the token—reached an all-time high of $92,763.27 on Feb. 16. At their highest, the 500 SOCKS had a market cap of about $28 million.
When Robinhood temporarily barred its retail customers from buying GameStop stocks, purportedly as a reaction to reddit’s r/WallStreetBets community buying it in an attempt to squeeze out the major hedge funds shorting the video game retailer’s stock, many decided that they would protest by buying Dogecoin instead. However, the plan may have backfired in a big way, according to blockchain analytics firm Elliptic’s chief scientist and co-founder, Tom Robinson.
