PRESS RELEASE (GLO) Vault Diversifies With PolySwarm (NCT), The Sandbox (SAND) And Decentraland (MANA)

Published by

In a move that will surely shake up the blockchain space, Uniglo has announced that it will be diversifying its vault with investments in PolySwarm, The Sandbox, and Decentraland.

With the ever-growing popularity of NFTs, it comes as no surprise that Uniglo would want to get in on the action. However, what is surprising is the company’s choice to invest in three very different projects.

PolySwarm is a decentralized market for anti-malware software. The Sandbox is a user-generated content platform that allows creators to monetize their creations with NFTs. Decentraland is a virtual world that uses blockchain technology to give users ownership of virtual land and assets.

With this move, Uniglo is clearly positioning itself as a major player in the blockchain space. And with its deep pockets and experience in the online world, it’s a safe bet that the company will be a force to be reckoned with.

Why does Uniglo (GLO) invest in these assets?

With the help of its multi-asset-backed treasury, Uniglo will be able to purchase intriguing assets like rare non-fungible tokens and high-growth digital currencies (NFTs). In addition to these more stable assets, Uniglo’s “vault” will also hold digitized versions of real-world collectibles like pricey watches. The native token GLO will increase while surviving market swings thanks to its varied asset combination.

Another feature that distinguishes this project is its Ultra-Burn Mechanism, which is an additional burn model on top of the conventional token burn, but the profits generated by the vault will be used to buy back GLO tokens from the market. As a community-based network, the choice to buy back and burn tokens—and how many—will be made by the entire community.

Learn more here:

Join Presale:





Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.


Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me:

Recent Posts

Ripple VS SEC Verdict May be on the Horizon! Here’s What to Expect

In a recent update, Ripple has filed its redacted reply to the SEC’s opposition in…

December 3, 2022

Popular Analyst, Michael van de Poppe Marks the Targets for Bitcoin Relief Rally!

Bitcoin price after being rejected at $17,000 at the beginning of the month has been…

December 3, 2022

Crypto Calendar of New ICOs: O-MEE (OME), RobotEra (TARO), Toon Finance (TFT)

In the world of cryptocurrency, an Initial Coin Offering (ICO) is an event in which…

December 3, 2022

Early Investors Already 3X During Ongoing Oryen Network Presale – Can The Staking Platform Compete With Curve Or VeChain?

Initial Coin Offering (ICO) has become a popular way new DeFi projects raise their capital.…

December 3, 2022

Bitcoin Price May Hit $23,000 in Q1 2023, While the Altcoins Could Bleed

Bitcoin is displaying some stability, as the prices have remained within a sustainable range of…

December 3, 2022

Cryptos With A High Growth Potential In 2023 Include Ripple (XRP), Monero (XMR), and Flasko (FLSK)

Singling out a profitable crypto investment for 2023 is a daunting task, mainly because many…

December 3, 2022