Crypto News Dec 29, 2021

  1.  The NFT Metaverse: Building A Blockchain World 

Still a relatively new blockchain phenomenon, NFT technology establishes ownership of digital assets and has most famously (or infamously) been applied to digital art. But this year’s conference had a new spin: There was a palpable emphasis on the future of NFTs, which many believe lies in their use as building blocks in the next iteration of the internet, referred to as Web 3.0 or “Web3.” During the first week of November 2021, thousands of attendees, speakers and vendors gathered in Midtown Manhattan for the third annual NFT.NYC conference. An NFT is a unique and non-interchangeable unit of data stored on the blockchain that can track a unique digital asset’s transfer, ownership and properties.

Since its launch 2 months ago, Evergrow (EGC) coin has already distributed more than $30 million BUSD in rewards to its holders. EverGrow, a newly launched crypto, is making stunning moves in the crypto market with massive price surges. BUSD is a regulated stable coin managed by Binance and pegged 1:1 with USD. According to BSCScan, a Binance chain explorer, The crypto has already passed the benchmark of 117K+ Token holders and is rapidly heading to 120K Token Holders. The team behind EverGrow is fully doxxed and, in a recent AMA, made it clear that EverGrow “is not a meme-coin.

Sushi is leading the market. The DeFi project’s SUSHI token has jumped 17.1% this afternoon, trading at $9.14 at press time. Other DeFi tokens like Uniswap’s UNI and Compound’s COMP are also up today, though SUSHI is the clear standout. Sushi has faced internal issues for several months. The SUSHI token has also trended down throughout the year. One key factor behind the rise could be the growing excitement surrounding Daniele Sestagalli’s possible involvement in the project. Sestagalli has become something of a cult hero in the DeFi community, known for his contributions to the so-called “DeFi 2.0” wave. 

Bitcoin, the oldest cryptocurrency, remained at the $51,000 level after it briefly broke above $52,000 during U.S. trading hours on Monday. Meanwhile, as the market enters the end of the year, the so-called sovereign supply of bitcoin – total coins held outside of exchange reserves – reached an all-time high, according to blockchain data firm Glassnode. But trading activities were mostly muted, as the trading volume of the No. 1 cryptocurrency by market capitalization across major centralized exchanges was only slightly higher than it was on Sunday. Bitcoin’s low-volume rally came as stocks in the U.S. also rose in a week that’s traditionally marked by light but bullish trading.

According to Zumper’s November rent report, the median one-bedroom rent is up 12.1% percent from the start of the year, while the median two-bedroom rent is up 13.2%. In some markets, rents are soaring even more. Last year, landlords were so desperate to lock tenants into leases that they were willing to give away free months of rent to seal those deals. This year, there’s a lot more demand for rentals as the U.S. economy has improved and Americans are shoring up their finances and solidifying their living arrangements.

Kudo Money, the Metaverse identity issuance protocol, has closed $4 million in a strategic funding round. The investors involved in this round are venture capitalists, crypto communities, media investors, and decentralised protocols from all over the world. Kudo is a decentralised scoring protocol that powers on-chain identity through the issuance of Unomi Passports. With the adoption of pseudonymous public key addresses as identity proxy, it is becoming increasingly crucial for protocols to leverage on-chain history for an address to provide a better user experience. Kudo is creating an ecosystem of Web 3.0 products such as Unomi and Bitquity for mainstream crypto adoption.

Non-fungible tokens (NFT) are unique data or digital assets that are stored on the blockchain. NFT allows users to own digital artifacts through a blockchain network that supports cryptocurrency, where all forms of art, tweets, music, GIFs, and many more such digital assets can be owned through NFT. Crypto’s functionality makes it a trusted means of conducting transactions on the blockchain. Unlike cryptocurrencies, where every coin is the same (there is no reason to choose one particular Bitcoin over another), each NFT is unique and can be sold as a way to prove ownership of some sort of digital file.

Digital art is entering politics. Arizona’s Republican candidate for the US Senate, Blake Masters, presented a limited edition of the NFT based on the cover of his book “Zero to One”. Presenting a new angle for thinking about innovation, “Zero to One” is based on lecture notes taken by Masters, one of Thiel’s students at the time. Published in 2014, “Zero to One” stems from a course on startups that Thiel taught at Stanford in 2012. The main objective of the course, as explained by Thiel, was to help students “see beyond the paths established by academic specialties for the broader future that it is up to them to create.”

There is one coin that has been able to maintain a steady upward trajectory regardless of whether the crypto market enters a bullish or bearish trend. Already up 870% and still growing steadily, RBIS, the native token of ArbiSmart , an automated crypto investment platform, is starting to gain attention. Analysts predict that by 2023, RBIS will reach 40 times its current value. The platform performs automated crypto arbitrage , which means that it saves you money by exploiting brief moments in which a crypto is simultaneously available on multiple exchange platforms at different prices.

  1.  Polygon ’s Side Of The Story: Hard-Fork Resolved A “Critical Vulnerability” 

A few weeks ago, the Ethereum Layer 2 network hard-forked their blockchain, seemingly without explanation. As usual, NewsBTC got to the bottom of the case and presented all of the available information. It’s important to remember that the crypto ecosystem was concerned that the way that they managed to do all this seemed centralized. However, the co-founder assured everyone that “The network is run by validators and full node operators, and we have no control over any of these groups”.