Nov 19, 2020 at 9:47 p.m.UTC Updated Nov 19, 2020 at 10:10 p.m.UTC
(Photo by Mathew Schwartz/Unsplash) Travel Tech Firm Monaker Group Eyes Regulated Thai ICO Market
Monaker Group, which builds booking platforms for the travel industry, is venturing into tokenized assets with the indirect acquisition of Thailand’s Longroot initial coin offering (ICO) portal.
The Nasdaq traded company took an “indirect controlling stake” in the entity that owns Longroot on Thursday, one day after buying up a third of Longroot minority shareholder Axion Ventures, a video game company.
It is now at the helm of one of the few ICO portals regulated by Thailand’s relatively crypto friendly Securities and Exchange Commission.
Longroot could begin hosting ICOs for the travel and video game industries in 2021, according to Richard Marshall, Monaker’s corporate communications director.He said the move gives Monaker exposure to the growing digital assets ecosystem by providing opportunities in gaming and tech.
That’s especially important in a travel-crunching pandemic.
Marshall said that with travel down, gaming is up.Both, he said, are now core to Monaker’s business.And both could benefit from tokenized offerings ahead.
“The broader business is really focused on delivering to the consumer, bringing technology, whether it’s vacation rental, gaming, in-game advertising,” he said.“And with the cryptocurrencies in the ICO portal there’s an opportunity for that crossover.” Share this: UK’s Oldest Crypto Exchange to Delist Ethereum and Focus Solely on Bitcoin Dec 17, 2019 at 12:00 UTCUpdated Dec 17, 2019 at 12:08 UTCObi Nwosu, CEO and founder of Coinfloor: CoinDesk archivesUK’s Oldest Crypto Exchange to Delist Ethereum and Focus Solely on BitcoinCoinfloor, the U.K.’s longest-running cryptocurrency exchange, plans to delist ethereum next month, citing an unclear future of hard forks and the need for onerous technical… SEC-Fined Crypto Project Abandons Cannabis Co-Working Venture news A cryptocurrency project previously sanctioned by the U.S.
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