What Role Do Crypto and NFTs Play in the Metaverse? As an extension of real-life identities, NFTs provide full ownership, autonomy, and flexibility. This allows participants of virtual economies to form communities and even enjoy VIP access to real-life events. However, the metaverse needs more than this. To truly realize the potential of NFTs and crypto,...
The Roles of NFT in the Metaverse In the NFT metaverse, NFTs serve as digital assets with programmed scarcity. They provide a platform for collectible trade, facilitate a transparent and accessible economy, and provide piracy resistance. This article outlines the role of NFTs in the metaverse. It also explains why NFTs may not be a good...
Four Ways the Metaverse Will Affect Crypto and NFTs The development of the metaverse is only just beginning, but it is set to develop and evolve as virtual reality and the Internet has become more mainstream. And as blockchain and the NFT initiative expand, so will the use of metaverse. NFT ownership will create a new...
Robinhood, an investment and trading app company, announced on the acquisition of startup Ziglu. He develops a crypto wallet with a bank card attached to it. “Ziglu and Robinhood share a common goal of lowering barriers to a new generation of investors. By becoming part of Robinhood, we will strengthen the company's expansion process in Europe...
Members of Lido Finance staking service approved allocation of 2 million LDO (~$6 million) to support Ethereum under the Protocol Guild. The framework supports autonomous mechanisms for recruiting, retaining, and remunerating developers. As an added bonus to the start of @EFDevconnect, we're pleased to say the proposal for Lido to pilot the Protocol Guild has passed,...
El Salvador has been unable to find common ground with the International Monetary Fund (IMF), and negotiations with it are "practically dead." This opinion was expressed by the former head of the country's central bank, Carlos Acevedo, writes ElSalvador.com. We are talking about an agreement with the IMF on the allocation of financial assistance. According to...
How to Join a Metaverse in 2022? With the development of headset technology, access to the metaverse will become mainstream within the next five to ten years. Therefore, preparing your business now to join a metaverse is imperative. As it grows, so will its competition. It will be necessary to prepare your business now to ensure...
US Treasury imposed sanctions against the BitRiver group of companies engaged in cryptocurrency mining in the Russian Federation. According to the agency, BitRiver, an operator of mining data centers founded in 2017, currently has three offices in Russia. In 2021, BitRiver transferred ownership of its assets to the Swiss holding BitRiver AG. In addition to it, ten...
Cryptocurrency exchange Coinbase has launched a beta version of its own non-fungible token (NFT) platform for a limited number of users. HERE’S SOME ALPHA: we’re in beta pic.twitter.com/HMdTPat5vP — Coinbase NFT (@Coinbase_NFT) April 20, 2022 At the first stage, Ethereum-based tokens are available. Coinbase Vice President of Product Sanchan Saxena The Block about the plans of the NFT marketplace...
Crusoe Energy Systems Inc, a bitcoin-mining company, has closed a $350 million Series C funding round. It was led by G2 Venture Partners. Participants include: Valor Equity Partners, Lowercarbon Capital, Polychain Capital, Bain Capital Ventures, Founders Fund, MCJ Collective, Winklevoss Capital and others. One of Crusoe's new investors is Hollywood star Robert Downey Jr.'s FootPrint Coalition Ventures. In...
