I am quite pleased with the progress our team is making. I have been communicating with you, our token holders, through the Overstock.com, Inc. (NASDAQ:OSTK) quarterly earnings calls, SEC disclosure, and periodic event-driven press releases. I realize I can do more to keep you apprised of the status and prospects of the business. This letter is a first step in that direction. We have also hired a Head of Investor Relations to help.
This letter addresses: why I believe tZERO is such a significant business opportunity, the milestones we have already hit this year, and the planned roadmap for the remainder of the year.
Nolan Bushnell went from repairing broken pinball machines to launching the videogamemanufacturer Atari in the 1970s. Now, as a tribute to his pioneering spirit, the producers of a biopic on his life, “Atari: Fistful of Quarters,” are taking a unique approach and tokenizing the enterprise.
tZero, a subsidiary of online retail platform Overstock, will develop “Bushnell” tokens, on behalf of film production and financing company Vision Tree, it announced today. The movie is being co-produced with Leonardo DiCaprio’s production company, Appian W.
Token holders will receive shares of movie earnings, assist in choosing the movie cast and vote on its trailer.
NEW YORK (Reuters) - Overstock.com subsidiary tZERO said on Thursday it has launched a digital wallet and exchange app for cryptocurrencies.
Investors who want to participate in the global cryptocurrency market will be able to buy, sell and hold these digital assets directly through the tZERO Crypto App on their mobile phone, rather than using more vulnerable, third-party exchanges for custody, tZERO said in a statement.
tZERO is focused on the development and commercialization of blockchain, the technology that underpins bitcoin and cryptocurrencies in general. Blockchain is a shared database that is maintained by a network of computers connected to the internet.
tZERO, a blockchain company focused on capital markets, announced today that the Digital Voting Series A-1 Preferred Stock is the second digital security available for trade on its PRO Securities ATS, an SEC registered alternative trading system.
Listed as OSTKO – formerly OSTKP – it is available on the non-exchange venue that matches buyer and seller counterparties for transactions. The venue is backed by tZERO’s security token trading technology.
This follows on “the commencement of secondary resales among accredited investors of tZERO’s security tokens in January 2019,” according to a company statement.
IdentityMind Global and BITPoint LATAM, a cryptocurrency exchange in Latin America, have announced a new partnership for KYC and AML compliance.
Currently, BITPoint is operational in Panama and Peru and plans to expand their territories into Latin America. The company already has a presence in five Asian countries, including Japan. BITPoint is among the few certified digital assets exchanges registered with the Japanese Financial Service Authority (JFSA).
Overstock.com subsidiary Medici Land Governance has signed a memorandum of understanding with Liberia to help the African nation digitize government services, a news release announced on June 10.
The pro bono pilot project will explore how Liberia can strengthen its economy through blockchain and enhance interoperability between government departments. As well as strengthen the country’s capacity to generate revenues, the release notes that such infrastructure could reduce corruption.
Blockchain-based mobile voting platform Voatz has raised $7 million in a Series A round led by Overstock’s Medici Ventures and Techstars.
Urban Innovation Fund and Oakhouse Partners also participated in the funding, according to an announcement provided to CoinDesk Thursday.
Voatz said it will use the investment to develop the accessibility and usability of its platform, as well as to boost security as it launches new pilots in partnership with states, cities and “select international jurisdictions.”
In the two years since GrainChain launched its distributed ledger-based transaction platform for bulk dry goods, the company has brokered thousands of contracts on everything from corn, sorghum, wheat and soybeans to even sand from its headquarters in McAllen, Texas.
Now the company is expanding its services to Mexico, partnering with the government of Tamaulipas to help farmers and grain elevators with commodity management and settlement.