Starting today, Coinbase supports Compound (COMP) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store COMP. COMP will be available for customers in all Coinbase-supported regions, with the exception of New York state.
Compound (COMP) is an Ethereum token that governs the Compound protocol. The protocol allows anyone to supply or borrow Ethereum tokens through a decentralized market. Suppliers earn interest on the crypto they supply to the protocol and borrowers pay interest to borrow it.
One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We published a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see COMP here), as well as a new section of the Coinbase website to answer common questions about crypto.
You can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store COMP today.
Coinbase owns COMP tokens as a result of a 2018 investment in Compound. Coinbase intends to maintain its investment in Compound for the foreseeable future and maintains internal policies that address the timing of permissible disposition of its digital assets, including COMP tokens.
Coinbase Custody selected by 21Shares for Bitcoin ETP
Today we’re proud to announce that 21Shares AG has chosen Coinbase Custody to store its digital assets for its Bitcoin ETP. 21Shares AG is listing its 21Shares Bitcoin ETP (ISIN: CH0454664001 — WKN A2T64E) on the Deutsche Börse’s Xetra electronic venue on Thursday July 2nd 2020. Coinbase Custody will serve as custodian for the underlying assets of their Bitcoin ETP.
21Shares selected Coinbase Custody after reviewing our institutional-grade offline storage solution, which includes world-class security, regulatory compliance and insurance coverage. Coinbase is committed to serving a wide spectrum of institutional clients and we are excited to be the chosen custodian for the 21Shares Bitcoin ETP, Europe’s first physically-backed bitcoin ETP.
Hany Rashwan, CEO at 21Shares AG, says, “21Shares is delighted to bring this historic product to Europe. We are honored to give investors access to the best performing asset class of the last decade and we believe the next ten years as well, through our simple, transparent, and regulated crypto ETP product suite.”
Coinbase Custody is the world’s largest and most trusted crypto custodian. To learn more about Coinbase Custody click here.
Compound (COMP) is now available on Coinbase Earn
Earn COMP while learning how to borrow crypto and earn interest with Compound
Coinbase’s mission is to create an open financial system, where anyone in the world can participate on equal terms from their computer or smartphone. To bring this vision to life, we’ll need to make blockchain technology more accessible, both in the sense of making cryptocurrencies easier to obtain and easier to understand.
Coinbase Earn is a trusted source where customers all around the world can educate themselves about new developments in crypto and earn assets as rewards. Starting today, Coinbase customers can start earning Compound (COMP) by watching lessons and completing quizzes about the Compound protocol and its governance token COMP.
Compound (COMP) is an Ethereum token that governs the autonomous Compound protocol. The protocol allows anyone to borrow and lend Ethereum tokens through a decentralized market. Lenders earn interest on the crypto they supply to the protocol and borrowers pay interest to borrow it.
The ability to earn crypto assets has become an increasingly important function in the crypto ecosystem — alongside buying, staking, voting, and mining — especially when paired with education.
Since the launch of Coinbase Earn in 2018, we’ve announced nine different assets, including 0x, Basic Attention Token, Zcash, Stellar Lumens, EOS, Dai, Tezos, Orchid and now Compound. In less than a year, asset issuers offered over $100M in crypto to distribute to our customers, and we have launched Earn internationally. As we expand globally, millions of people are gaining access to a trusted, secure, and legal bridge to the crypto economy — even if they don’t have a credit card or bank account with which to buy crypto.
Check out all Coinbase Earn campaigns through our homepage or access them directly through the Coinbase mobile app.
Coinbase receives a servicing fee from the participating asset issuer. Consideration for Coinbase Earn is wholly independent of our digital asset framework for new listings. Click here for our Earn FAQ and terms.
InsiteVR lets enterprise teams share complex 3D models on Oculus Quest
Although Oculus initially targeted its standalone Quest VR headset toward gamers, the Facebook-owned company has increasingly pitched the all-in-one device as a solution for enterprises, and the potential applications continue to grow. Today, InsiteVR announced Resolve, a new Quest app that lets teams view and collaborate on highly complex architectural, construction, and engineering models — another major step towards making the consumer platform truly enterprise-class.
The key innovation in Resolve is its ability to open and display unmodified Autodesk BIM files containing hundreds of millions of polygons, a level of detail that would have been inconceivable to render in real time on a consumer headset. Resolve uses a new Quest-optimized model loading engine to display only the portion of the 3D model that’s currently being viewed, stripping away the need to render the vast majority of details that aren’t needed at a given moment, while providing a smooth first-person VR view of both the environment and currently collaborating team members.
For construction-focused businesses, Resolve’s value is fairly obvious, enabling $399 headsets to serve as wireless 3D viewing and collaboration stations for building projects while eliminating the need to manually section or strip out BIM file details to meet a VR display device’s specs. It also adopts input systems that are optimized for the Quest: Wearers can annotate models using speech to text, measurement, and sketching tools rather than typing, while traditional computer users can follow Resolve sessions using a PC companion app.
InsiteVR says it has tested Resolve with up to 500 million polygon models and file sizes up to 10GB, promising support for over 70 different file formats including Navisworks, Revit, and Smartplant. Resolve can open “any BIM file” hosted on Autodesk’s BIM 360 Docs, transmitting files wirelessly without any need for the Oculus Link cable, so users can wear Quest out in the field or in any office, assuming they can obtain a Wi-Fi connection from a router or smartphone.
Resolve is available now in early access. InsiteVR is prioritizing trials for teams that have Quest headsets, actively use BIM 360, and are working on large, active construction projects.
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