News Headlines (October 29, 2021)
- From Artwork to Identity: Cirus traces the evolution of NFTs
A digital art movement quickly sprung up around NFT markets like OpenSea, Rarible, and SuperRare, in which anyone could showcase their artwork and sell it to the highest bidder. This movement culminated in the March 2021 NFT sale by the artist Beeple for an incredible $69 million. Despite making some headway into the mainstream, cryptocurrency still lacks massive industry adoption, largely because of the limitations of the original technology. After the initial crypto bubble burst in 2017, it was the projects with real utility that were left standing, their networks unphased by the catastrophe in the markets.
- Why Hollywood is suddenly embracing the block chain, crypto, and NFTs
From merchandise to receiving financing through crypto- and block chain-based production, studios can better cater to filmmakers, retailers, and moviegoers by modernizing their approach to production and distribution. Block chain technology that enables secure delivery of content, and crypto-based investments that support independent filmmakers at scale are set to transform how media is both created and distributed. The world’s largest media companies have endured a string of significant issues in recent years, among them surges in piracy.
https://www.fastcompany.com/90689576/blockchain-cryptocurrency-nft-movies-hollywood-no-time-to-die
- The Next Shiba Inu, EverGrow Coin Reaches 40K Holders and Distributes $7 Million in Rewards
Providing so many different ways to make a profit in more entertaining and engaging ways, EverGrow Coin has already established itself as a trusted brand among investors.
The EverGrow Platform is continuously working to include more and more lucrative NFT-related features. Since making its debut one month ago, EverGrow Coin has reached an impressive milestone of 40k holders, $7M in rewards, and a staggering Market cap of more than $300 million. Unique Features of EverGrow Coin include Liquidity, Anti-Whale System and Multiple buybacks.
- ‘Crypto AWS’ Alchemy Hits $3.5B Valuation in $250M Round Led by a16z
Alchemy, which provides developer services to decentralized finance (DeFi), non-fungible token (NFT) and other crypto projects, is fast becoming the blockchain world’s version of Amazon Web Services (AWS). Adding a big backer to Alchemy’s term sheet was as important as stocking extra cash, CEO Nikil Viswanathan said in an interview. Andreessen Horowitz (a16z) is one of crypto’s most active venture firms and invests in many of Alchemy’s clients. “We actually haven’t touched any of the money” from Alchemy’s $80 million Series B announced in March, said co-founder Joe Lau, “because we’re profitable as a business.”
- Mercado Bitcoin Acquires $1 Million Stake In Fingerprints DAO
Fingerprints DAO focuses on curating and collecting NFT art alongside 250 members. The digital art made by the artists included in the DAO’s collection auctions at Sotheby’s Metaverse, and their website shades light on this current crypto and NFT art movement.The 2TM Group is a holding company based in Brazil that holds Mercado Bitcoin in its portfolio, the largest cryptocurrency exchange in Latin America or, as they call it, their “crown jewel”. 2TM Group, a partner company of Mercado Bitcoin, acquired a $1 million stake of $PRINTS tokens in the Fingerprints DAO, they announced on an official press release.
- Elon’s Rabbit: A Revolutionary Cryptocurrency With Strange Bunny Is Ready To Take Crypto Lovers To The Moon
Elon’s Rabbit has already been listed on Poocoin, and users can buy it from Pancakeswap, one of the most respected and trusted crypto exchanges in the market. It sends 3% of every transaction as a reflection to holders of the token in the form of $ERABBIT, the native token of Elon’s Rabbit. With such a good design, aggressive marketing strategy, and good plans, Elon Rabbit will soon be the next 100x coin and gain massive support from crypto lovers. In the hope of becoming the next big player in the crypto industry, Elon’s Rabbit has plans to expand the platform’s services to include many other facilities, including an NFT marketplace.
- There’s a ‘Squid Game’ cryptocurrency – and it’s up nearly 2,400% in the last 24 hours
SQUID is trading at $2.22, up nearly 2,400% over the last 24 hours, and its market capitalization is above $174 million.Now, Netflix’s new Korean-language show “Squid Game” has its very own brand of cryptocurrency that has launched with a huge price run-up. Players will have to pay a preset price in squid tokens in order to participate in each game, and some rounds also require users to purchase a custom-made NFT, available for sale on their website.
The squid token was launched as the exclusive coin of the Squid Game project — a crypto play-to-earn platform.
- Cryptocurrencies will be as useless in the metaverse as they are now
“The metaverse is the new land of opportunities,” crypto investor Vignesh Sundaresan (known by his crypto name MetaKovan and for spending $69m on an NFT by the artist Beeple earlier this year) told a panel last week. We might be able to buy virtual clothes in the metaverse, but we still need real ones — and to eat real food and sleep in real beds. One company selling such virtual goodies is Somnium Space, invested in by Facebook founder Mark Zuckerberg’s old rivals, Cameron and Tyler Winklevoss — these days better known for being bitcoin billionaires.
https://www.ft.com/content/c28799d4-88bf-42b9-8ad5-53ab5647ba60
- BITCOINBitcoin Daily: Matt Damon Now Face of Crypto.com; Penn Students Can Use Crypto to Pay for Class
It has been reported that actor Matt Damon has been hired to promote cryptocurrency for crypto.com. Also the University of Pennsylvania’s Wharton business school is debuting an executive education program in blockchain, Decrypt reported.Students will be able to pay for the program in crypto. Meanwhile, Thai department store chain Central Retail Corp. is doing a trial of its own cryptocurrency, CoinDesk reported. In other news, blockchain-based Bistroo, which is a peer-to-peer (P2P) food ecosystem, will be letting merchants accept payments in several cryptocurrencies, Yahoo reported. The cryptos include bitcoin, Ethereum and Binance Coin.
- Justin Sun Confirmed as Keynote Speaker at Crypto Fest 2021
Mr. Sun introduced blockchain as a value network to China in 2012 and was on the Forbes 30 under 30 China and Forbes 30 under 30 Asia list in 2017. It has been confirmed that Justin Sun will be a keynote speaker at Bitcoin Events’ third annual crypto fest. Crypto Fest 2021 will be focusing on these three hot topics, as will Mr. Sun’s keynote address DeFi’s Effect on NFTs, Blockchain, and Web 3.0.“With the introduction of NFT’s we have seen the adoption of DeFi and blockchain technology explode, this is an exciting time in the history of our digital existence,”
