Dear investors,

As a regulated fund, Unicorn Tokenization Corp. is required to undergo a full financial audit by one of the licensed auditors annually. Our audits are done by Baker Tilly, one of the top 10 accounting firms in the US.

As part of our commitment to transparency, we’re publishing the key extracts from the recent two audits. These audits also serve as formally certified proof of the reserves, backing the tokenized stocks, issued by our fund.

We acknowledge that these audits come with a significant delay and we’re working to accelerate the process.

Sincerely yours,
Andrii Zamovsky
Founder
info [at] utc.fund

In recent years, the financial landscape has been experiencing a shift towards digital and more convenient payment methods. One of the latest innovations in this field is the introduction of the Credits Wallet Debit Card, a product by the fintech company Credits.com. This new debit card, in partnership with Mastercard, is set to revolutionize the way consumers handle their daily financial transactions.

The Credits Card stands out in the market due to its unique features and the seamless integration of traditional banking services with cryptocurrencies. It offers users European IBAN accounts, enabling them to make Euro payments through SEPA, as well as a variety of cryptocurrencies to choose from for their transactions. This integration allows for easy transfers between IBAN, cryptocurrencies, and the debit card itself, providing users with a comprehensive financial solution that caters to both fiat and digital currencies.

One of the key advantages of the Credits Card is its European license, which ensures that the card complies with the strict financial regulations of the European Union. This not only provides users with a high level of security and reliability but also makes it easier for them to access a wide range of financial services across the EU.

The partnership with Mastercard is another significant aspect of the Credits Wallet . By leveraging Mastercard's extensive network and infrastructure, Credits.com is able to offer its users a globally accepted payment solution that is both secure and convenient. This collaboration also ensures that the card is accepted at millions of merchants worldwide, both online and offline.

Credits has an upcoming investment offering at Orderbook.

SpaceX is on the verge of a substantial surge in its sales, with predictions indicating a potential doubling of its revenue to around $8 billion in the year 2023. Those familiar with the matter, as cited by The Information, have disclosed this projection to a select group of investors.

This promising outlook has heightened the appeal of SpaceX shares, setting them apart from other private tech valuations that have recently faced a downturn.

In a recent report by CNBC, Elon Musk's SpaceX was noted to have attained a valuation of nearly $150 billion, subsequent to an announcement of a stock sale by its existing investors. A purchase offer detailed by CFO Bret Johnsen and obtained by CNBC highlighted that the company has forged an agreement with both new and current investors to offload up to $750 million in stock at a rate of $81 per share.

This valuation represents a 5% uptick from the preceding secondary sale set at $77 per share, pegging the company's total value at approximately $140 billion. SpaceX has yet to issue any official statements concerning this purchase offer.

Patreon, the crowdfunding platform, is making significant changes to its offerings, expanding beyond paid memberships to cater to a wider audience. While paid memberships remain central to the platform, fans can now join communities for free, broadening the reach of creators. This move positions Patreon in direct competition with major social media platforms, offering a more direct and algorithm-free connection between creators and their fans.

The second major change introduces a suite of commerce tools similar to Shopify, enabling creators to sell standalone digital products and content. This includes videos, podcast episodes, music, and other downloadable files. Rapper Wreckonize serves as an example, selling his new single for $10 on Patreon, providing buyers with direct access to his work.

Patreon will levy a 5% cut on commerce transactions, lower than the 8% share it currently takes from paid memberships. These exciting updates are set to roll out to all creators later this year, after a waitlist phase.

Founded by musician Jack Conte, Patreon has been a magnet for various artists over the years, offering them a platform to engage with their audience and provide unique membership tiers. With the introduction of free memberships and commerce tools, the platform aims to attract even more artists seeking to establish closer connections with their fanbase. As with any major change, the response from the creative community will be closely watched, but the future of Patreon appears promising with these new developments.

Standard AI, the global leader in retail AI, is transforming the retail industry with its revolutionary additions to the Vision OS^ platform. This cutting-edge technology brings eCommerce-level insights and capabilities to brick-and-mortar stores, offering retailers a fresh perspective to comprehend and revolutionize shopper behavior and in-store operations.

As the retail landscape undergoes significant change, Vision OS^ stands at the forefront of this evolution. Through Mission Control and Insights, retailers and convenience stores can now delve deep into store operations and customer shopping habits. This invaluable understanding fosters productivity gains and unlocks fresh revenue opportunities, especially vital amid labor and inflation challenges.

Vision OS^ empowers retailers to address fundamental questions about their stores. It unveils customer pathways within the store and their product interactions. It pinpoints areas of increased customer engagement and the choices they face. The platform also tracks stock levels, alerting retailers to potential stockouts and predicting inventory needs. Additionally, Vision OS^ provides insights into optimal product placement on shelves.

Standard Checkout™, meticulously developed by Standard AI over the past five years, has already established itself as the industry leader in computer vision for retail. By retrofitting existing stores with a checkout-free experience using cameras and cloud technology, Standard AI has proven the effectiveness of its approach. Early results indicate that this innovation not only attracts more customers but also boosts purchase frequency. Happier shoppers tend to spend more.

With Vision OS^, Standard AI elevates its platform to new heights. By harnessing the potential of computer vision-powered cameras and cloud integration, the company expands its capabilities beyond autonomous checkout to optimize overall store operations and offer strategic insights. Empowering retailers with eCommerce-level analytics, Vision OS^ deepens the understanding of shopper behavior, opening avenues to enhance the shopping experience, support in-store teams, and drive revenue growth.

According to Jordan Fisher, co-founder, and CEO of Standard AI, this technology enables retailers to tap into the potential of underutilized store ceilings. By leveraging the power of Vision OS^, retailers can unlock new possibilities for operational improvements, elevating the shopper experience, and maximizing revenue. The future of retail is now at their fingertips.

Consensys, a prominent blockchain and Web3 software technology company, is currently undergoing a rebranding process, beginning with a transformation of its logo into a 3D design. Founded by one of Ethereum's creators, Joe Lubin, the vision behind Ethereum's inception was to extend the capabilities of blockchain technology—originally just a ledger—beyond simple financial transactions. Understanding the inner workings of blockchain, the creators recognized that by incorporating logic (now known as Solidity, a programming language) into the blockchain, they could elevate it to a foundational layer that supports the development of decentralized applications (dApps) and smart contracts.

After the creation of Ethereum, Joe Lubin aimed to expand the ecosystem by directly investing in and building various projects on the Ethereum blockchain. While Consensys initially began as an incubator for blockchain startups, it has now evolved into a cohesive software company offering a suite of Ethereum products to builders. Notably, two significant projects that have emerged from this evolution are Infura, an endpoint facilitating users in sending transactions to the blockchain, and MetaMask, a popular crypto wallet and gateway app used by many to interact with the blockchain.

The essence of this rebranding is to underscore Consensys' dedication to builders. In a rapidly changing world where blockchain products rise, fall, and integrate into everyday life, Consensys takes the lead in this transformative journey by creating products and services that inspire builders of this new era to continue innovating. As blockchain becomes increasingly embedded in society, Consensys remains at the forefront, encouraging and supporting the visionary creators shaping the future.

The food delivery app Rappi is gearing up to challenge market leader iFood by negotiating agreements with major fast-food chains, according to the company's new CEO Felipe Criniti. Mr. Criniti, who founded Box Delivery - a platform focused on fast delivery solutions for large restaurants and retailers in Brazil - took over as Rappi's CEO from Tijana Jankovic, who now serves as Rappi's global vice president.

Previously, Box Delivery had partnerships with renowned food chains like McDonald's, Burger King, Pizza Hut, and Outback, along with Zé Delivery, which delivers beverages from Ambev. While Mr. Criniti did not disclose the names of the new restaurant chains in negotiations, the plan is to finalize these deals in September when iFood's exclusivity agreements expire due to a consent decree with Brazil's antitrust watchdog Cade.

For Rappi, this timing presents an opportunity to expand its market presence and compete head-on with iFood. Uber and 99, ride-hailing apps that previously entered the food delivery market in Brazil, withdrew their projects (UberEats and 99 Food) last year due to concerns about iFood's perceived monopoly. With the restrictions imposed by Cade, Rappi aims to capitalize on this turning point and challenge iFood's dominance.

Rappi's journey to compete with iFood started in February last year when the company petitioned Cade to terminate all of iFood's exclusivity agreements with restaurants and bars. The concern was that iFood's market share would further increase after Uber Eats left the country. Cade's decision to end iFood's exclusivity agreements by September this year and limit exclusivity to 25 percent of its restaurant partners is a significant step in fostering competition.

Aside from targeting well-known fast-food chains, Rappi is also looking to expand its presence geographically. With operations currently in 140 cities in Brazil, the company aims to reach 250 cities by 2025, venturing into areas beyond iFood's reach.

As Rappi strategizes to tackle the delivery market, its approach of partnering with big fast-food chains and expanding to new locations could prove to be key to its success in challenging iFood's dominance.

The Usage of BNPL Services Surges by 40% in Early 2023, According to Adobe Analytics

The demand for BNPL (buy now pay later) services has skyrocketed by 40% in the first two months of 2023, as reported by Adobe Analytics. In these challenging times, cash-strapped shoppers are increasingly turning to BNPL options, even for purchasing basic necessities like groceries.

Data from Adobe Analytics shows that services like Klarna have experienced a significant surge in popularity during 2023. As per the company's 2022 Buy Now, Pay Later Survey, a staggering 95% of shoppers express confidence in making their next payment on time, with 65% indicating that they are more likely to make purchases from businesses offering BNPL.

Max Lillard, a senior finance analyst at Capterra, emphasizes the importance of responsible payment offerings, particularly since BNPL users are mainly younger and minority groups who may lack a credit history. Properly implemented BNPL options can empower customers to access financial opportunities that were previously restricted and, in some cases, help them build credit.

SpaceX's valuation has reached nearly $150 billion after a recent share sale by existing investors. The company has an agreement to sell up to $750 million in stock from insiders at $81 a share, without raising new capital. This offering represents a secondary sale of existing shares, allowing employees and shareholders to sell their stock. The new share price marks a 5% increase from the previous secondary sale at $77 each, valuing the company at approximately $140 billion.

As one of the most valuable private companies globally, SpaceX is classified as a "centicorn" or "hectocorn" - a $1 billion unicorn, 100 times over. It has established a near-monopoly in the U.S. satellite launch market with its Falcon rockets, while competitors struggle to compete with operational rockets.

Despite its achievements, SpaceX faces challenges with the development of its next-generation Starship rocket. The company expects to invest around $2 billion in the vehicle's development this year, but it encountered some issues during its first flight. SpaceX is preparing for a second launch pending Federal Aviation Administration approval, which is currently entangled in an environmental lawsuit.

Regarding the potential IPO of its Starlink business, SpaceX has remained tight-lipped. There have been no updates, and it is unlikely to go public until 2025 or later, as per Elon Musk's previous statements to employees.

Neuralink, Elon Musk's brain-implant company, announced on Thursday that it has received approval from the Food and Drug Administration (FDA) to commence the first-ever clinical study involving humans.

Since 2019, Elon Musk, the billionaire, has repeatedly anticipated that his brain-chip company would soon obtain FDA approval for human trials. However, the company's application was rejected in early 2022, and they have been addressing the agency's concerns regarding the safety of the experimental implant.

In a tweet on Thursday, Neuralink stated, "This is the outcome of the incredible work carried out by the Neuralink team in close collaboration with the FDA, and it represents an important initial step that will eventually enable our technology to assist numerous people."

Neuralink clarified that the company is not yet open for a clinical trial.

Neuralink is currently developing a brain implant with the aim of helping paralyzed individuals regain the ability to walk and potentially curing other neurological disorders.

The FDA has not provided an immediate response to Reuters' request for comment.

Musk has expressed his willingness to implant a chip into one of his own children's brains if the circumstances required it.

TradeShift, founded in 2010 by Christian Lanng, Mikkel Hippe Brun, and Gert Sylvest, has emerged as a trailblazer in the realm of global supply chain management. The company's success story is a testament to its innovative platform, strategic partnerships, and relentless pursuit of transforming traditional procurement processes.

From its humble beginnings as a startup, TradeShift quickly garnered attention for its disruptive approach to supply chain management. The founders recognized the inefficiencies and complexities that plagued traditional procurement systems, often characterized by paper-based processes, lengthy payment cycles, and a lack of transparency. They set out to create a digital platform that could streamline and revolutionize the way businesses interacted with their suppliers.

TradeShift's platform leverages cloud-based technology, artificial intelligence, and blockchain to enable seamless collaboration and transparency across the entire supply chain. It provides a one-stop solution for procurement, invoicing, payments, and supplier management, eliminating the need for multiple systems and manual interventions. This innovative approach not only simplifies operations but also reduces costs, improves efficiency, and enhances visibility for businesses of all sizes.

One key factor contributing to TradeShift's success has been its strategic partnerships. The company has forged alliances with industry giants like Microsoft, Amazon, and HSBC, among others, to extend the reach of its platform and offer a comprehensive ecosystem for supply chain management. These partnerships have not only provided TradeShift with access to a wider customer base but have also facilitated integrations with existing enterprise systems, making adoption seamless for businesses.

TradeShift's impact on global supply chains has been significant. By digitizing and automating manual processes, the company has helped businesses streamline their operations, reduce errors, and accelerate transaction cycles. With its platform, organizations can onboard suppliers easily, track shipments in real-time, manage inventory effectively, and optimize cash flow. This level of visibility and control has empowered businesses to make data-driven decisions and adapt to rapidly changing market dynamics.

Furthermore, TradeShift's commitment to innovation and continuous improvement has been a driving force behind its success. The company has consistently invested in research and development to enhance its platform's capabilities. It has embraced emerging technologies like artificial intelligence and machine learning to provide advanced analytics, predictive insights, and automated workflows. By leveraging these cutting-edge technologies, TradeShift has been able to stay ahead of the curve and anticipate the evolving needs of its customers.

Today, TradeShift is a global leader in supply chain management, serving thousands of customers across various industries and geographies. Its platform has transformed the way businesses manage their supply chains, enabling them to operate with agility, transparency, and efficiency. TradeShift's success story serves as an inspiration to other startups and established companies alike, highlighting the immense potential for innovation and disruption in the realm of procurement and supply chain management.

StoreDot, an Israeli company specializing in extreme fast-charging (XFC) battery cells, and VinFast, a Vietnamese company focused on building next-generation electric cars, have joined forces to develop the world's fastest-charging electric vehicle (EV) battery. This collaboration aims to address the long wait times associated with EV charging and provide a solution that significantly reduces charging times.

StoreDot has been at the forefront of developing XFC battery cells that can rival industry giants. In recent years, the company has created prototypes and samples of XFC cells capable of offering up to 100 miles of range in just two minutes. StoreDot has three generations of samples, including the 100in5, 100in3, and 100in2, each utilizing silicon-dominant XFC, semi-solid state, and post-lithium architecture.

The 100in5 battery cell prototype has already been sent to several automakers, including Daimler, VinFast, Volvo, Polestar, and Ola Electric. Building on this progress, StoreDot and VinFast are pooling their expertise to develop and make the XFC cell widely available. StoreDot will license and share its proprietary XFC technology with VinFast, while VinFast will contribute its knowledge and experience in form factor development, manufacturing, validation, and global supply chain networks.

The commercial availability of the XFC cell is expected within the next two years. VinFast's significant contribution to StoreDot's Series D funding round in January 2022, amounting to $80 million, showcases their commitment to this joint venture.

StoreDot's CEO, Dr. Doron Myersdorf, expressed his excitement about the partnership, stating, "We're delighted to be partnering with VinFast and further cementing our long-standing relationships with Vingroup and VinFast. This venture is an important one for us as we look to build more partnerships with companies at every level of the EV battery ecosystem." Dr. Myersdorf is confident that combining StoreDot's XFC cell chemistry with VinFast's complementary form-factor development, manufacturing, evaluation, certification, and supply chain capabilities will result in market-leading EV batteries that raise industry standards.

Ms. Pham Thuy Linh, VinFast's CEO, believes that this partnership will enhance the customer experience and affordability of EVs. By significantly reducing charging times and addressing range anxiety concerns, the collaboration aims to provide a solution that benefits EV customers.

The joint effort between StoreDot and VinFast marks an exciting step towards revolutionizing the EV industry. With their combined expertise, the development of the world's fastest-charging EV battery is within reach. As the demand for EVs continues to grow, innovations like these will play a vital role in overcoming charging infrastructure challenges and driving the widespread adoption of electric vehicles.

In a groundbreaking move that is set to revolutionize the retail industry, Standard AI, the world leader in Retail AI, has announced its acquisition of Skip, a leading provider of self-checkout solutions. This strategic acquisition will bring together self-checkout technology and AI-powered autonomous checkout, creating an integrated experience that offers retailers a clear path to an autonomous future.

Labor pains have long plagued the retail industry, with hiring and retaining talent becoming an existential crisis that hampers growth and store performance. In response to this challenge, retailers have increasingly turned to self-checkout (SCO) as a strategy to alleviate labor challenges. Skip, a pioneer in self-checkout innovation, offers sleek and easy-to-install kiosks and mobile checkout solutions.

With this acquisition, Standard AI becomes the first company to connect self-checkout and autonomous retail, empowering retailers to offer innovative checkout experiences to their customers. By integrating Skip's cloud-based point-of-sale (POS) system with the complex back office ecosystem, operations can be streamlined, providing greater control over pricing, discounts, promotions, and more.

Jordan Fisher, CEO of Standard AI, expressed his excitement about the acquisition, stating, "Autonomous retail has seen exponential growth, and in the next five years, we'll see thousands of AI-powered stores across the world. Through this acquisition, we will create a unique offering that combines the self-checkout experience with autonomous retail for the first time ever, giving retailers immediate relief from their labor challenges and a way to accelerate their path to an autonomous future."

One of the key advantages of Skip's self-checkout kiosks is their modularity and ease of installation. Compared to competitors, Skip offers robust functionality at a fraction of the cost, making it an attractive option for retailers. This cost-effectiveness, combined with the integration with Standard AI's technology, will pave the way for the future of autonomous checkout.

Standard AI plans to launch the world's first platform that connects self-checkout with autonomous retail later this year. This platform will provide retailers with unprecedented power and flexibility, enabling them to choose the path that best suits their needs.

For stores seeking a fast and inexpensive self-checkout solution, Standard AI will continue to offer Skip as a standalone option. This provides additional support and flexibility to in-store teams while addressing labor challenges. Alternatively, for stores looking to transform their retail experience and gain relief from labor challenges, Standard AI will offer the option of combining Skip's self-checkout kiosks with its Vision OS^ platform. This powerful combination allows retailers to provide both self-checkout and autonomous checkout experiences in one solution. It not only supports the entire shopper base and alleviates labor challenges but also unlocks a new level of analytics and insights without compromising on shrink or customer experience.

Kevin Struthers, Associate Director of Digital at W. Capra, shared his perspective on the acquisition, saying, "Standard AI's addition of Skip's self-checkout solutions creates a well-rounded suite of capabilities to address varying levels of retailer needs—from traditional SCO to fully-autonomous stores and hybrid stores in-between. Additionally, Skip's cloud-based point-of-sale system and back-office integrations will help streamline retailer implementations, especially for stores operating hybrid models that include a fixed register with self-checkout or autonomous capabilities."

The acquisition of Skip by Standard AI marks a significant milestone in the retail industry's evolution towards AI-powered autonomous retail experiences. By bridging the gap between self-checkout and autonomous retail, Standard AI is not only providing immediate relief to retailers facing labor challenges but also paving the way for the future of shopping.

SpaceX continues to make strides in revolutionizing the space industry with its latest successful mission. In the early hours of Sunday morning, a Falcon 9 rocket carried 56 new Starlink broadband satellites into orbit from Cape Canaveral Space Force Station in Florida. The remarkable achievement also saw the Falcon 9's first stage return to Earth and safely land on the SpaceX droneship, marking the 11th successful launch and landing for this specific booster. Let's delve deeper into the details of this groundbreaking mission and explore SpaceX's growing constellation of Starlink satellites.

The Launch and Landing: At 1:03 a.m. EDT on May 14th, the Falcon 9 rocket, outfitted with 56 Starlink spacecraft, gracefully soared into the sky. This launch represented the 29th Falcon 9 flight and the 31st orbital mission by SpaceX in 2023. As the rocket completed its primary objective of delivering the payload to orbit, the Falcon 9's first stage initiated its return journey to Earth. In a remarkable feat of engineering and precision, the booster executed a successful landing on the SpaceX droneship, Just Read the Instructions, stationed in the vast Atlantic Ocean.

The Starlink Satellites: The Falcon 9's upper stage carried the 56 Starlink satellites to low Earth orbit, where they will join SpaceX's vast and ever-growing broadband megaconstellation. With this launch, SpaceX has now deployed nearly 4,400 satellites for Starlink, solidifying its position as a leader in the satellite internet industry. These satellites play a crucial role in providing high-speed internet access to remote areas and underserved communities around the globe. Currently, over 4,000 Starlink satellites are actively operating, enabling SpaceX to expand its coverage and bridge the digital divide.

SpaceX's Impact on the Space Industry: SpaceX's relentless pursuit of technological advancements has had a profound impact on the space industry. By successfully landing and reusing rocket boosters, the company has significantly reduced the cost of space travel. This achievement has opened up new possibilities for more frequent and cost-effective launches, making space more accessible than ever before. Additionally, the deployment of Starlink satellites has revolutionized internet connectivity in remote regions, providing reliable and fast broadband access to users who were previously underserved.

The Future of SpaceX and Starlink: As SpaceX continues to push boundaries, it is clear that the company has ambitious plans for the future. The Starlink constellation is expected to grow even larger, with additional launches scheduled to expand coverage and improve the quality of service. SpaceX's focus on reusability and efficiency will likely lead to further advancements in rocket technology and drive down launch costs, benefiting not only the company but the entire space industry.

Scale AI has introduced the Enterprise Generative AI Platform (EGP), a comprehensive platform designed to enable enterprise customers to access and customize leading commercial and open-source foundation models while ensuring enterprise-grade safety and security controls. With EGP, Scale AI aims to help companies like Koch Industries and Fox Corporation leverage Generative AI to unlock new avenues for growth and facilitate faster decision-making.

Despite the availability of various generative AI models, only a mere 21% of enterprises currently have AI models in production. Scale AI brings a wealth of experience in transitioning AI from experimental stages to enterprise-grade deployments, and the launch of EGP further solidifies their commitment to assisting businesses in bridging this gap.

The EGP platform encompasses a full-stack solution, addressing the challenges faced by enterprises during the implementation process. It offers several key capabilities to help businesses make the most of generative AI:

1. Enhancing models with high-quality fine-tuning using proprietary data: Gaining a competitive advantage with AI necessitates training and fine-tuning models for specific use cases, as well as leveraging an enterprise's unique data. Scale AI empowers customers to assess the suitability of models for their business requirements and augment the models' outputs using data from their proprietary knowledge bases. This is made possible through integrated enterprise connectors to popular platforms such as Google Drive, Confluence, Slack, and others.
2. Streamlining the deployment of enterprise-ready Generative AI applications: EGP enables customers to swiftly transition from sandbox solutions to production applications through pre-built apps. These include Chat, which facilitates knowledge retrieval; Forge, a tool for generating high-quality product imagery at scale; and ShopChat, a personalized shopping assistant for individual buyers. Scale AI also assists customers in securely developing custom applications or integrating internal or third-party applications from the app ecosystem.
3. Enhancing safety and security: EGP provides customers with the flexibility to develop and deploy Generative AI applications within Scale's infrastructure or in their own virtual private cloud (VPC). This ensures that proprietary data never leaves the customers' environments. Scale AI stands out as the sole provider offering Generative AI applications within customers' environments. Furthermore, the platform incorporates industry-leading features such as Reinforcement Learning with Human Feedback (RLHF) and red-teaming to ensure that model outputs align with customers' policies and brand.

By leveraging the EGP platform, enterprises can overcome the barriers to implementing generative AI effectively. The ability to fine-tune models using proprietary data enables businesses to leverage their unique insights and gain a competitive edge. The seamless deployment of enterprise-ready applications expedites the transition from experimentation to production, facilitating faster time-to-market. Additionally, the emphasis on safety and security ensures that enterprises can maintain control over their data while benefiting from Scale AI's advanced capabilities.