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
Meta Presses On with Metaverse Plans; Files 8 New Digital Asset Trademarks
Moving forward with its plans for expansion within the metaverse, Facebook’s parent company Meta filed 8 pertinent trademark applications with the United States Patent and Trademark office. Meta’s Trademark Applications Cover a Lot Meta’s latest trademark filings prepare for multiple scenarios of crypto-related services and products. Most of the company's applications connect its logo to products and services within the crypto industry, as well as the metaverse, and the digital sphere at large. Trademark attorney Mike Kondoudis provided a breakdown…
3 years ago
Hololoot Review – The World’s First AR NFT Generator, Marketplace, and Metaverse
Hololoot is a new blockchain-based ecosystem seeking to incorporate all the latest technological breakthroughs. The project prides itself in being the first Augmented Reality (AR) NFT generator with a proprietary marketplace and Metaverse. New projects surface on the blockchain every day. Many deal with non-fungible tokens (NFTs) and some focus solely on expanding the Metaverse. Meanwhile, few venture into the narrow niche of augmented reality. Hololoot takes on the ambitious task of integrating all these elements into an all-inclusive platform. Currently,…
3 years ago
Major Bank HSBC to Buy Virtual Lands on Sandbox
HSBC has become the most recent bank to enter the metaverse. As a result, it joins an array of financial institutions interested in virtual properties. Not long ago, Siam Commercial Bank and JP Morgan also announced the launch of their virtual headquarters. HSBC Joins Institutions Invested in the Metaverse HSBC Holdings Plc, headquartered in London, is Europe's second-largest bank, with an estimated equity of US$206.777 billion as of December 2021. The British bank's intentions about a digital future have been…
3 years ago
Snoop Dogg to Release Major NFT Music Label
Hip-hop legend Snoop Dogg is looking to turn Death Row Records into an NFT label. Like other artists, the California-based rapper delves into blockchain-based applications to fuse music with the new digital age. If all goes well, his NFT could be among the best projects to keep an eye on in 2022. Snoop Dogg announced his enthusiasm regarding NFTs and the Metaverse on the social media platform Clubhouse on February 15: Death Row will be an NFT label. We will…
3 years ago
High-Quality Avatars in the Metaverse Have Become a Reality
The Metaverse concept is much older than Mark Zuckerberg made it sound in 2021. However, it has always lacked the technological backing to gain mainstream adoption. This also prevented it from gaining enough community support. Now, all of that is about to change thanks to MetaBody’s high-quality avatars and realistic features. The MetaBody and the 3D Avatar Revolution In 2022, the advance of blockchain-based applications and NFTs are ushering a new digital age. One of its creations, the Metaverse, is…
3 years ago
Sandbox Metaverse Reaches 2 Million Registered Users
Sandbox launched its second alpha season while reaching a major milestone of 2 million registered users. During the four-week event, all players will get free access to more than 35 solo and multiplayer experiences. This includes a sneak-peek into Snoop Dogg's "Snoopverse", and a Hong Kong time-traveling tour called Hong Kong's Star Ferry Pier. New experiences also include a walk through Dracula's Castle, New dungeons, Kingdoms with puzzles, and fights against demons. Furthermore, players will compete in 200 quests for…
3 years ago
Hackers Targeting MetaMask Users with Novel Phishing Scam
Guardio, a young cyber security company, has detected a sophisticated chain of attacks on non-custodian wallets. Major attack methods employ social engineering techniques and renewed phishing methods to trick wallet owners. The security company's research team explained an ongoing attack on the popular crypto wallet, MetaMask. In effect, Guardio suggests several wallets have been compromised, in what is a grand-scale operation. In the cybersecurity team's opinion, the recent wave of attacks could set the tone for more vicious ones. While…
3 years ago
Could Beverage Company Monster Energy be Eyeing the Metaverse?
Following 4 trademark filings pertaining to NFTs and the metaverse, beverage maker Monster Energy is yet another brand touted to venture into the virtual space. Digital Goods are Prioritized Recently, more companies have begun to leverage the popularity of NFTs. Since last year there has been a marked transition to tokenized product offerings and metaverse-focused services. The goal is to drive up visibility and improve customer interaction. Monster energy’s speculated foray into the NFT and metaverse space could be another…
3 years ago
Is Metaverse Land a Good Investment? Read This First
The Metaverse land grab is reaching bubble proportions. Despite the staggering valuations, is the Metaverse a good investment? The Metaverse is coming, and everyone wants a piece of it. But most investors are looking in all the wrong places. Major titles like Decentraland and Sandbox have serious structural issues that could seriously limit their potential to attract a gaming audience. But there is hope, as a different audience could make up for it. The Metaverse, an immersive universe of virtual…
3 years ago