At the time of press, Bitcoin is trading at $58,837 while Ethereum is trading close to $1,825.
Meanwhile, the third-largest cryptocurrency, Cardano, surged over 20% in the past 24 hours. The listing announcement of ADA on Coinbase Pro fueled its price and is now trading close to $1.38.
Let’s review some interesting crypto news in detail.
Terra Virtua partnered with Ethernity Chain to expand NFTs and digital collectibles to the mainstream. Ethernity Chain is a community-oriented platform that provides limited edition NFTs and trading cards created by prominent figures and well-established digital artists. Besides this, ERN token holders can farm, stake, and vote on proposals inside the Ethernity Chain ecosystem. This partnership helps to connect Terra Virtua’s advanced AR and VR capabilities with Ethernity’s portfolio of artists, which will uplift digital art to the next level. Further, Terra Virtua’s entertainment-focused platform allows NFTs to be displayed on PC, web, mobile, augmented reality, and soon in VR. Additionally, it allows holders of digital assets to display and interact with their virtual goods to boost the utility.
Crypto.com announced the appointment of Joe Conyers III as EVP for its NFT Platform. Moreover, Crypto.com is the fastest-growing crypto app with over 10 million customers worldwide. It empowers users with a lot of innovative features, such as the Crypto.com Visa Card, the Crypto.com Exchange, and the DeFi Wallet. As the NFT market is exploding nowadays and to further expand its features, Crypto.com will launch an invite-only NFT platform. This NFT platform will feature the world’s top artists, athletes, and sports leagues. Joe Conyers III holds over a decade of experience in the music industry, which supported over a million artists and creators. Recently he served as chief strategy officer at Downtown Music Holdings, and at Downtown, he co-founded songwriter royalty collection service Songtrust. Therefore, the combination of his unparalleled experience and Crypto.com will boost the growth of the NFT market.
ZeroSwap announced the integration of Polygon (Formerly Matic) on ZeeDO to enhance fundraising and token sales for companies. Moreover, ZeroSwap is a multi-chain compatible decentralized exchange that aims for seamless transactions with near-zero fees. Recently, ZeroSwap has developed its DEX Offering Platform named ZeeDO, which will allow companies to launch tokens on multi-chains. Polygon is transforming the Ethereum Network into a multi-chain system with its enhanced infrastructure development platform. Thefore, this integration helps to utilize the Layer 2 features and make faster and cheaper transactions. Additionally, ZeeDO will utilize Polygon’s VRF (randomizer), powered by Chainlink, to provide 100% transparency and fairness in token distribution.
Elrond partnered with Unmarshal to enhance cross-chain DeFi applications. As per the tweet, the team will focus on bridging Elrond data into the Unmarshal layer. This will empower developers to create valuable tools such as notifications, overviews, unified tax modules, DeFi overviews, and more. Further, to improve the infrastructure and make it more developer-friendly, Unmarshal will launch a portal in the near future. Moreover, Unmarshal is a multi-chain DeFi data network that offers an advanced solution to empower the DeFi landscape. Hence, this coalition will help Elrond to integrate with complex applications, which, in turn, boosts the availability of eGold and other native assets to its blockchain.
In the last bit of crypto news for today, we have Ocean Protocol partnering with Polygon (formerly Matic) to bring Web3 Data Economy tools to their chain. As per the tweet, users can now utilize Ocean Market to swap, stake, and consume data assets in Polygon. Besides this, dApp developers can use Ocean libraries and frontend elements (react hooks, market) with Polygon. This will allow token holders to move their OCEAN to Polygon as mOCEAN tokens and vice versa since the Polygon Network allows the bridging of tokens across networks. Therefore, users can utilize mOcean bridged tokens to enjoy Polygon’s low gas fees. Furthermore, OCEAN intends to increase with a growth in usage volume, and its token supply is distributed over time for long-term growth and sustainability.
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