Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Metaverse
Chiliz Nabs $100M Stake in FC Barcelona’s Digital Studio
Chiliz, the leading blockchain fintech provider, has acquired almost a quarter of FC Barcelona's Barça Studios for over $100 million. The Catalan football club is going through the worst financial crisis in its 123-year history and will use the funds to stay afloat. Moreover, the partnership will help the club dive deeper into the NFT and Metaverse space. FC Barcelona and Socios.com: A Win-Win Collaboration FC Barcelona, one of the most famous and illustrious football clubs worldwide, is desperately looking…
3 years ago
Top NFT AR Projects to Follow during the Crypto Winter
The crypto market is experiencing one of its worst “winters” in its 12-year history. Some pessimistic voices claim it's all downhill from here. However, expert traders know that the future is not as bleak as it seems. On the contrary, new and innovative projects are still surfacing in the market, giving us a glimpse of how promising the new "crypto spring" will look. Sitting and waiting for the crypto winter to pass is gruesomely depressing. That’s why we compiled a…
3 years ago
Dubai Announces Metaverse Strategy; Aims to Create 40K Jobs in Five Years
After positioning itself as a crypto hub with its virtual asset law, Dubai is now eyeing the metaverse. Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, announced this news through a tweet on July 18. His tweet read: [embed]https://twitter.com/HamdanMohammed/status/1548987283310878722[/embed] Under its metaverse strategy, Dubai plans to become the leading metaverse destination in the MENA region. On the global scene, Dubai seeks to become a top 10 metaverse economy. Additionally, the emirate plans to quintuple the number…
3 years ago
FireStarter – A Crypto Launchpad with a Focus on Metaverse Projects
The digital economy is booming, and the Metaverse is at the heart of it. FireStarter is one of the most popular platforms for launching Metaverse projects. It has a user-friendly interface, robust features, and a supportive community. Our review will look closely into FireStarter and share the most important features of this platform with our readers. What Is FireStarter? FireStarter is a crypto launchpad that helps you get started with your Metaverse. It provides all the tools and resources you…
3 years ago
Catalonia Could Soon Have Its Own Metaverse, Says Minister
During the European Blockchain Convention in Barcelona yesterday, the Innovation minister for Catalonia suggested that Catalonia could soon launch its own metaverse. This is amidst a gradual digital revolution going on in the autonomous community. At the event, the Catalonian director-general of innovation Daniel Macro disclosed some strategies the government is exploring to ensure Catalonia becomes a digital powerhouse. He mentioned that one of the benefits of the COVID19 pandemic over the past two years was digitalizing the economy. The…
3 years ago
Yahoo Rolls Out Metaverse Events for Hong Kong Residents
US-based internet media company Yahoo has launched a series of metaverse events in Hong Kong. The firm announced this news on Wednesday, noting that this move seeks to connect the region’s residents amid fresh COVID restrictions. Per the announcement, this event will see Yahoo hold virtual concerts and exhibitions on Decentraland. Decentraland is a popular metaverse platform that hosts the virtual worlds of several renowned companies. Examples include Samsung, Adidas, Atari, and PWC, to mention a few. Additionally, Decentraland hosted…
3 years ago
Crypto Art: How Poetry is Building a Home in the Metaverse
The NFT marketplace and the metaverse are serving art creators all over the world, and offering a novel way for art appreciation. It appears that poets and poetry, in general, are also not alien to this trend. NFTs Embracing All Forms of Arts Since Everydays sold for $69 million, “art” became a word that observers easily associated with NFTs. In fact, what mostly comes to mind when “art” and “NFTs” are mentioned in the same breath is visual arts. The…
3 years ago
ApeCoin Sees Spike in Price Amid Metaverse Rumors
ApeCoin, the native token to the Ape ecosystem, has recorded a notable surge in prices within the last 48 hours. Yuga Labs imminent metaverse launch could be revving the token up the market. 'Otherside' Speculation The token, formerly changing hands for about 10.70 USD, surged to a record 17.18 USD in the early hours of today. This is the highest price the coin has recorded since its early plunge following its launch. There are suggestions that the launch of Yuga…
3 years ago
Amazon will Ignore Cryptocurrency as a Payment Method, For Now
While some major corporations like PayPal, Mastercard, and Tesla, have embraced cryptocurrencies, Amazon has decided to be cautious. Following the release of his first annual shareholder letter, Amazon's CEO Andy Jassy indicated his unwillingness to accept cryptocurrency payments. On the other hand, the CEO of the tech behemoth expressed optimism about the future of the crypto industry. In the interview, Andy Jassy also revealed that he does not possess any Bitcoin or non-fungible tokens (NFTs). This is despite the CEO’s…
3 years ago