CSPR NEWS: IPwe BANKRUPTCY – Will Casper SURVIVE?

IPwe Files for Chapter 11: What Does it Mean for Casper (CSPR)?
BREAKING NEWS: IPwe, the leading developer of intellectual property (IP) Non-Fungible Tokens (NFTs) on the Casper Network (CSPR), has filed for Chapter 11 bankruptcy. But before you hit the panic button, let’s unpack what this means for both IPwe and the Casper ecosystem.

First things first: Chapter 11 is NOT liquidation. It’s a reorganization process that allows companies to restructure their finances and debts under court supervision. This means IPwe can still operate: they can continue minting IP NFTs on the Casper blockchain and work towards financial recovery.

So, what happened? While the exact reasons are still emerging, it’s likely a combination of factors, including the broader crypto market downturn and challenges specific to IPwe’s business model.

Now, the million-dollar question: how will this impact Casper (CSPR)?

Here’s the good news: Casper has a lot going for it beyond IPwe. The network boasts:

Strong ties to tech giant IBM: Remember Davos 2024? Casper was there, front and center, showcasing its enterprise-grade blockchain solutions alongside IBM. This partnership is a major vote of confidence in Casper’s technology and future.
Active development and growing adoption: The Casper team is constantly innovating, with exciting developments like the upcoming Improvement Proposal (IP) for on-chain governance. Plus, Casper is seeing increasing adoption across various industries, from DeFi to NFTs.
Dedicated community: The Casper community is passionate and supportive. They’re likely to rally behind the network during this time.
Overall, while IPwe’s Chapter 11 filing is undoubtedly a setback, it shouldn’t overshadow the strong fundamentals of the Casper Network. Casper has the potential to thrive in the long run, and this temporary hurdle could even pave the way for even greater growth.

Stay tuned for further updates as the situation unfolds. We’ll keep you informed on how IPwe’s reorganization progresses and its impact on the Casper ecosystem.

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Related: CSPR Casper, Casper Labs, Casper Network, IPwe Bankrupt, IBM Hyperledger, XRP Ripple, XLM Stellar Lumens, HBAR Hedera Hashgraph, XDC XinFin, RNDR Render, SHX Stronghold, Kaspa KAS

To two today we will talk about Casper and the ipe chapter 11 bankruptcy that was just put out and made public and I will also explain what that actually means and the possibilities for C Casper labs and why I don’t think that this will significantly impact what Casper has

Been trying to to do uh especially in the long term because they operate on an Enterprise and institutional adoption timeline so I put out a poll last night and it seems like it hasn’t moved a lot but um I was asking what the first thoughts on the ripip we

News were uh for Casper holders and about 25% think that it’s a uh good time to actually buy and uh about one uh well it’s a bit over oneir each want to hold or get out of it and this was interesting for me even though I was expecting it but it’s interesting

Because uh I don’t necessarily think impulsive choices are the best especially for uh crypto like asper where they haven’t really even rolled anything out yet that will show how valuable that they actually are okay so here is the actual uh chapter 11 filing link here um now we

Know why 25 million patents not being minted on the Casper chain um I do have a little bit more on that that I will uh cover as I make my points on why I don’t think think that this might be the end of the IP nfts and uh IP information

On Casper but for now we will talk about the actual uh bankruptcy filing itself and then I will explain um why this might not be all that bad at least for Casper Labs so this was put in on January 24th they had about um 100K

To 500k of assets with um about uh 10 to 20 times that in terms of debt and it sounds like they just weren’t able to uh turn things around with how they were currently operating and that is why they uh decided to declare that they are in

Fact bankrupt and uh the chapter 11 part is actually important um as I will touch on in a little bit again so why is it such bad news for us right now and why are a lot of people actually having an issue with it well they had been

Announcing um a lot of very large companies actually wanting to uh put their patents on the Casper network uh and I have talked about out um each of the these a couple of times so if you’re impulsively getting out of Casper because one single partnership didn’t work at this point you haven’t done

Enough research and you are not going to make it uh did you buy Casper because ipe or because of the fundamentals um I initially was extremely interested in Casper because of ipe but then after I learned more um it became more and more uh attractive for me ipe is only one thing

And the only thing that I’m disappointed about is the activity the network is missing out on right now okay so why is everyone freaking out about ipe filing for chapter 11 reorg ganization that is essentially what a bankruptcy actually is uh for corporations and it works a lot in

The same way uh if you or I were to actually uh declare it as well but I think it turns into chapter 13 I don’t know off of the top of my head actually uh so he has been through one at his last company it has nothing to do with them

And Casper besides the fact now we know why they said that they have been behind schedule it will still be the largest uh blockchain smart contract appointment in history the IP we bankruptcy thing is a joke and it just goes to show that most retail Traders are not cut out for

Holding in the long term uh were people who bought Casper in the last two years really relying only on ipe minting to pump bags um I don’t think so I think the AI thing is probably um longer term much more valuable than uh the ipe thing is anyway

But uh ipe would probably um kick into actual value on chain a little bit quicker uh than what Casper is uh working on in AI in my own um interpretation so with ipe filing for bankruptcy maybe Casper Network just outright purchases them it didn’t look like they were too much in

Debt relatively speaking so uh an interesting thing is I find it hard to believe that Casper Labs would wouldn’t have been aware of their financials I think this could come out in the wash as a big nothing Burger in the grander scheme of things now I tend to agree with that

Especially after I learn more over the last uh 12 to 24 hours or so and here’s that point I think it’s just a reorganization to have a healthier balance sheet so chapter 11 can allow a business that is experiencing financial difficulties to regroup and get back on track however it is complex

Costly and time consuming so the term bankruptcy outside um of the uh large uh Financial uh kinds of Industries has a very bad connotation however it is technically a reorganization so they do have to do a lot of things and I am not an expert on this but it is essentially allowing them

To continue to operate but they just have to um reorganize a lot of their assets and debt in order to uh continue on in a more sustainable way so so this is where I talk about why I don’t really think it’s a big deal so

What if this ipe what if this was the ipe plan all along if they need cash tokenizing all existing patents will create much needed liquidity to help them financially through the reorganization it’s possible they still plan to Mint on Casper and I do have some information that shows a lot of

Actvity and I comment on on this I find it funny that this happens right um right after Casper hosted and was involved in a lot of events um up in Davos that just it sounds odd so he responded IP or IBM might just actually purchase ipe which would make

Some sense so here is a little bit more on what Casper was involved in in 2024 that makes or in uh Davos uh 20124 that makes me a lot more confident about actually continuing to hold so um to put this uh quickly um it is IBM’s chosen chain for responsible AI

Clones for the different permissions of Casper uh chosen as a sample Vendor by Gartner I haven’t looked in to it a whole lot fees are Auto convertible from Fiat upgradeable Network without overhaul it uh connects into Quant as well it is heavily involved with Actis and ISO TC 68 which

I believe has a lot of ties into uh Quant as well excepted into BSN China’s Network ipe is partnered with multiple Fortune 500 firms and it is a member of the world economic forums Global innovator program so the IP we news only impacts this one right

Here in a direct way and because it is a reorganization where there is still a way for ipe to continue to operate and as Casper Kai um called out if ipe actually tokenizes all of the existing 25 million patents that will create a lot of liquidity for ipe to uh continue to

Exist and to move on as well so um this was a little bit more on Davos but uh it concentrates more on who was involved so we have uh UBS IBM bis JP Morgan Google dtcc Team Mobile coinbase Microsoft and all of these were involved in Casper uh events so um this is uh a little bit more about the impact of Casper and ipe but the point is that ipe is heavily tied into um working with companies like meis uh Deo and

Japan and Seaman energy as well but IBM is the most valuable one here because they are uh some of the main um technology providers and are heavily working with Casper as well and if you uh recall um C Casper also works with IBM uh in Ai and it can actually run on the

Hyper lger as well which uh connects it into a lot of of a lot of other projects like um like xlm uh harar uh and uh and also shx just off of the top of my head so here is what has actually happened that makes me think that this whole ipe

Thing um is not a surprise um so this is from January 1st and there have been 44,000 deploys on Casper since uh probably about 24 hours before that now uh well no I take that back this is from two days after that and uh they had gone up to 116,000 so there is a lot of activity that has been actually happening on the the Casper chain and I tend to think that that kind of volume is probably coming from ipe with their patents now there are a lot of uh people who are watching that and I haven’t

Really seen a whole lot on that but um there has been some actvity there as well over the last two months so there is still a lot happening on the Casper Network itself and I am personally uh not turned off too much from this ipe um update that we just got