According to media reports, Carl Max, the CTO and one of the founders of Rare Bits, an eBay-like zero-fee crypto asset trading platform, has recently resigned from his position as Chief Technology Officer. Carl Max had threatened to quit Rare Bits with his technical team, which caused an outcry from many people!

Rare Bits, which is said to be made up of four former Zynga employees and has a record 230 downloads on its first day, wants to be the eBay of blockchain, where users can buy, sell and trade irreplaceable crypto items. Rare Bit, which received $12 million in funding from CryptoKitties at A16z for its digital collectibles trading, received $6 million in a funding round led by Spark Capital’s Nabeel Hyatt, with investors including First Round Capital, David Sacks’ Craft Ventures, SV Angel, Macro Ventures, Steve J. Macro, and the U.S. Department of Commerce. Macro Ventures, Steve Jang, Robin Chan and Coinbase, among others.

In a blog post after his departure, Carl Max said that he was currently in conversation with Rondo Alex from Citadel, a leading Wall Street venture capital firm, and that they planned to free up some time to explore “our curiosity and creativity” and the idea of a joint venture was born.

As we all know, Citadel was founded in 1990 and has been in the treacherous world of Wall Street for three decades. Citadel is a multi-strategy fund. The other piece is Citadel Securities, a market-making business, where market makers are used to put together transactions, even acting as counterparties themselves, to provide liquidity.

Let’s wait and see what Rare Bits CTO and Rondo Alex of Citadel, a well-known Wall Street venture capitalist, do next!

 

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