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Facebook Metaverse NFTs Are Coming | This Week in Crypto – Nov 1, 2021

 Facebook’s Metaverse will support NFTs, Mastercard reveals new crypto offerings, and guess which actor is now the new face of cryptocurrency? These stories and more this week in crypto. Facebook unveiled an ambitious framework for creating a virtual world known as the Metaverse. The new company name, Meta, reflects the company’s aim to integrate real and digital worlds ever more seamlessly, using technologies such as virtual reality and augmented reality. Part of that vision also includes a role for non-fungible tokens and its forthcoming cryptocurrency, Diem. Financial giant Mastercard

What is Dragonbite? (BITE)

DragonBite is an open decentralized asset management platform for customers to store and swap all digital assets in one app. Retail customers have always been big fans of loyalty programs, not only to express their approval of a product or a service but also because of the exciting perks that come with them. The problem is, the rules of these programs are often restrictive, and their rewards are too limited resulting in slim benefits for consumers, which they cannot enjoy. Fortunately, blockchain can change all of this.  Table of Contents Background 

Bakkt Holdings Set to Go Public on New York Stock Exchange

Crypto asset custodial and trading platform Bakkt will be listed for trading on the New York Stock Exchange under the ticker BKKT from Oct 18, 2021. The company is owned by International Exchange Incorporated, which owns the NYSE. Sponsored Sponsored Bakkt Holdings has a current valuation in excess of $2 billion. Coinbase, a competitor to Bakkt, was also listed on the NASDAQ in its own IPO in April of this year.  The company first announced in January that it was making plans to go public, and is now ready to

DeFi Deep Dive — Covalent, Blockchain Data Unifier

One of the problems facing Web 3.0 is the unification of scattered decentralized networks. Covalent is addressing this issue. It gives developers access to smart contract data to survey the entire blockchain ecosystem.Sponsored Sponsored Covalent makes it easier for investors to glean insights and performance of digital assets. This is done through its unified API (application programming interface) that indexes blockchains. These range from NFTs to DeFi protocols. A brief history Ganesh Swami and Levi Aul started Covalent, expanding to a 35-person team. Across all personnel, they have extensive cumulative

Greenheart Token Closes Four Consecutive Pools

The Greenheart CBD Staking Program opened on June 7, 2021 and closed swiftly after reaching its target. To the same high demand, two more pools opened soon after and also closed early. Sponsored Sponsored The fourth pool closed recently—signifying a total of four (4) successfully closed pools for the first-ever CBD DeFi token on the blockchain network—the Greenheart CBD Token. Greenheart CBD Limited is innovating to improve the CBD (cannabidiol) production process through DeFi Blockchain and AI (Artificial Intelligence). Sponsored Sponsored After the close of three of its four staking

Grayscale adds Solana, Uniswap to its Digital Large Cap Fund

Grayscale Investments has added two new assets to its large-cap crypto fund for the first time on Friday. The addition of rapidly growing Solana [SOL] and prominent decentralized finance token Uniswap [UNI] was part of a quarterly rebalancing, as noted by the investment firm. As per the statement, “This announcement follows the July 2021 news that Grayscale adjusted the Digital Large Cap Fund’s portfolio and purchased Cardano (ADA), and (this) is the first time Solana (SOL) will be included in a Grayscale investment vehicle.” Solana displayed massive growth over time

Terra to Apply Columbus 5 Mainnet Migration

Terra, a top 15-ranked cryptocurrency by market capitalization, is planning to apply the Columbus 5 upgrade to its mainnet today. If everything goes according to plan, this new update will bring improvements to allow the Terra network to keep expanding. Columbus 5 will change how the network mints UST (terrausd), the main stablecoin of the blockchain, and will also bring integration with other chains, and faster transactions. Columbus 5 to Go Live Today Terra, a smart contract-enabled cryptocurrency chain, is prepared to apply the new Columbus 5 mainnet upgrade today.

First Million-Dollar NFT Sale for Solana, and It’s for a Degenerate Ape

Today, Degen Ape #7225 became Solana’s first million-dollar NFT sale. In the last few weeks, the blockchain platform’s NFT ecosystem has exploded. NFT intends to reduce its mint pricing in order to keep the prices low. The first million-dollar NFT sale has occurred on the Solana blockchain. Moonrock Capital, a blockchain advising business, bought one of the Degenerate Ape Academy NFTs for 5,980 SOL ($1.1 million) on Saturday. Moonrock purchased Degen Ape #7225, a scarred zombie ape with a halo, a gold tooth, and a brain in its mouth. According

Baanx Acquires Stake in Major US Fintech Bank

LONDON, Sept 6, 2021 - (ACN Newswire) - Baanx, the fast-growing B2B2C "Better than a Banking Platform" specialising in fintech services & lending, becomes the third-largest shareholder in the United States regulated Maxwell State Bank in a multi-million-dollar deal to enhance cybersecurity and banking access to communities throughout America.Maxwell State Bank is a fintech bank and VISA Principal Member established circa 1943 in Iowa. With total assets of $29,655,000 and deposits of $25,058,000 Maxwell has been FDIC certified since 1943 for insured deposits. Maxwell was acquired by serial fintech entrepreneur Ronald Ingram, founder of

EA Sports Hiring New Senior Director to Explore Blockchain & NFTs

A new job posting on LinkedIn reveals EA Sports’ intentions of expanding their empire into blockchain and NFTs. Sponsored Sponsored The video game giant EA Sports posted an ad on LinkedIn for a new Senior Director of Competitive Gaming Brand. In the ad EA Sports specifies the applicant should be ready to lead the business into the realm of blockchain and NFTs.   According to the job post, the company plans to expand into new territories. “We set the pace for EA’s investment in gaming subscriptions, our PC storefront and platform, competitive

L2 Labs explores L2.Cash Protocol to bring Zk-Proofs to payment tools

L2 Labs Foundation, the high-profile software engineering team behind flagship Ethereum-based decentralized exchanges (DEXes), solidifies its stance as a prominent scaling infrastructure provider. Now it intensifies the research and development efforts addressing the one-stop payment solution for businesses and individuals. L2 Labs Foundation develops payment protocol powered by zk-proofs: What is L2.Cash? Seasoned blockchain developers from L2 Labs have shared the details of their new product, L2.Cash. It is going to allow decentralized applications and end-users to harness leading L2 scaling techniques of the Ethereum (ETH) universe, zk-proofs. The new