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Friday, April 25, 2025

Crypto startup to save iconic fiat money sculpture with 1M euros in funding - Cointelegraph

The paths of traditional finance and the cryptocurrency industry have intersected again, with a crypto startup coming to save the iconic “Euro-Skulptur” monument in Frankfurt.
Frankfurt-based crypto startup Caiz Development will provide 1 million euros, or about $961,000, in funding over the next five years to rescue the famous sculpture depicting the symbol for the Euro.
Announcing the news on Tuesday, Caiz said that the firm saw a good marketing opportunity in supporting the sculpture by obtaining unique exposure.
Through the funding, the firm was able to put its product board next to the 14-meter-high art installation bearing 12 yellow stars, which represent the original members of the currency union.
The iconic euro statue was erected in 2001 in front of the former European Central Bank headquarters to celebrate the introduction of the euro, and has since become a symbol of eurozone decision-making. The monument has seen trouble in recent years as it has been frequently...



Read Full Story: https://cointelegraph.com/news/crypto-startup-to-save-iconic-fiat-money-sculp...

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