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We are pleased to announce [[Cass Mälstrom]] as the [[Chief executive officer|crypto co-chief executive officer]] of this exciting new venture. Cass joins us from [[FTX]], and before that she was at [[Amaranth Advisors LLC|Amaranth]], [[Lehman Brothers]], [[Enron]], [[Long Term Capital Management]], Barings Bank, and the East India Tulip Company of the Belgian Congo. | We are pleased to announce [[Cass Mälstrom]] as the [[Chief executive officer|crypto co-chief executive officer]] of this exciting new venture. Cass joins us from [[FTX]], and before that she was at [[Amaranth Advisors LLC|Amaranth]], [[Lehman Brothers]], [[Enron]], [[Long Term Capital Management]], Barings Bank, and the East India Tulip Company of the Belgian Congo. | ||
===Cryto-SPAC=== | ===Cryto-SPAC=== | ||
In 2023 Lexrifyly will be launching a [[Special purpose acquisition company|special purpose acquisition cryptocompany]], the Soaring Legal Eagle Acquisition Corporation, which will use all funds raised (in used, unmarked [[US dollars|dollars]]) to mint and then acquire [[non-fungible token]]s | In 2023 Lexrifyly will be launching a [[Special purpose acquisition company|special purpose acquisition cryptocompany]], the [[Soaring Legal Eagle Acquisition Crypto Corporation]], which will use all funds raised (in used, unmarked [[US dollars|dollars]] in brown paper bags please) to mint and then acquire [[non-fungible token]]s artistically representing the [[C-SPAC]]’s own crypto-shares. These will not confer direct legal ownership in the SLEACC shares — which will be ceremonially destroyed to ensure the primacy of the on-chain investment — but will instead have independent aesthetic existence as virtual artworks, embedded for all time and all purposes, in a [[blockchain]] somewhere. | ||
C-CEO Cass Mälstrom said: | C-CEO Cass Mälstrom said: | ||
{{quote|“By removing the physical shares from existence and only having the NFT, we can ensure that the NFT, due to the [[smart contract]] ability of the [[blockchain]], cannot be altered is the only representation of the share that exists in the [[offworld]]. By doing this, the value of the [[share]]s will then be moved onto the [[NFT]].”}} | {{quote|“By removing the physical [[shares]] from existence and only having the [[NFT]], we can ensure that the [[NFT]], due to the [[smart contract]] ability of the [[blockchain]], cannot be altered is the only representation of the share that exists in the [[offworld]]. By doing this, the value of the [[share]]s will then be moved onto the [[NFT]].”}} | ||
The shares will be destroyed by ordinary corporate liquidation. | The shares will be destroyed by ordinary corporate liquidation. | ||