A new company called Ether Machine is preparing to launch a publicly traded Ethereum
According to a July 21 announcement, Ether Machine will combine The Ether Reserve and Dynamix Corp., a special purpose acquisition company (SPAC) already listed on Nasdaq, to create this investment product.
The merged company will trade under the symbol “ETHM”. At the time of launch, it is expected to hold over 400,000 ETH, valued at more than $1.5 billion.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is Crypto Arbitrage? (Risks & Tips Explained With Animation)
The fund is led by two former Consensys executives. Andrew Keys, who previously served on the board and led global business development, co-founded the venture. David Merin, formerly involved in corporate development at Consensys, will act as CEO.
According to the company’s website, Ether Machine’s goal is to support Ethereum’s role as a foundation for global finance and computing.
As part of the goal, the company plans to generate returns by staking Ethereum, participating in restaking, and using various decentralized finance (DeFi) platforms. The returns will be measured in ETH rather than in traditional currency.
Additionally, Ether Machine will also offer blockchain infrastructure tools. These services will be aimed at companies, decentralized autonomous organizations (DAOs), and developers who use Ethereum. The idea is to provide ready-to-use tools that make it easier to build or operate on the network.
BTC Digital, a blockchain and mining company traded on Nasdaq as BTCT, recently decided to shift its focus entirely to Ethereum. Why? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
