After making a daily high of $33,620, Bitcoin is now trading at $32,705. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,936.
Let’s deep dive into some of the interesting crypto news for today.
IOTA has announced the launch of its NFT Marketplace in testnet mode. As per the tweet, this launch happened on the IOTA 2.0 DevNet which has features of digital assets and NFTs. IOTA is a distributed ledger for the Internet of Things, which has no transaction fees and does not require any miners to process transactions. Hence, this launch helps to deliver the cost-free procedure of NFT creation and distribution with high energy efficiency.
Additionally, users can also create free accounts on the IOTA NFT platform to access the test version. Notably, features will be decentralized incrementally.
— Pylon (ex NFTIOTA) (@thePYLONapp) July 12, 2021
Power Ledger declared it will migrate its own Powerledger Energy Blockchain from Ethereum to a Solana-based blockchain. The team stated that Power Ledger wanted a blockchain technology with higher transaction throughput. Hence, the team has decided to migrate to a Solana-based blockchain.
Solana is a high-performance, permissionless blockchain, which is tens of thousands of times faster than Ethereum and is also energy-efficient. With this integration, Solana will scale up Power Ledger’s existing suite of services. These services include peer-to-peer trading, flexibility services, applications, energy traceability, and Renewable Energy Certificates (RECs).
Power Ledger will be migrating from Ethereum to Solana and providing delegated staking to POWR holders.
We are excited to announce this change, as Solana can easily support a scale-up of our existing suite of services.
— Power Ledger (@PowerLedger_io) July 12, 2021
Convergence Finance has partnered with 1inch Network to allow the trade of real-world, private, and exotic assets. The 1inch Network connects decentralized protocols to enable the most lucrative, fastest, and secure services in the DeFi space. With this collaboration, 1inch Network will aggregate all the existing trading pairs on ConvX as well as the assets that will be listed in the future.
Convergence is the first AMM that allows real-world, private assets to be interchangeable in the DeFi space through its swift interface. Hence, this coalition helps users to access such assets without leaving the crypto ecosystem.
It’s a major step towards democratizing private assets by making them available to the masses.
— Convergence Finance (@ConvergenceFin) July 13, 2021
NFTrade has collaborated with B21 to offer exclusive crypto card access through NFTs. Moreover, B21 is a mobile-first platform that simplifies the way to invest, earn, and spend crypto. Collaboratively, the team will launch a claimable NFT voucher for users to access 21’s different crypto cards. These crypto cards include options such as Metal, Black, Gold, and Teal.
NFTrade is the first cross-chain and blockchain-agnostic NFT platform, which works as an aggregator of all NFT marketplaces. With this collaboration, users can trade the NFT voucher for other NFTs. Besides this, users will also get the option to redeem this NFT for the physical card. Notably, this NFT voucher can be sold or traded with other NFTs directly on its platform.
Who's ready to start receiving their @B21Official crypto cards?
Exclusively on NFTrade, users will gain access to the highly sought-after Metal Card, a sleek crypto card with the highest amount of available benefits and ZERO security deposit necessaryhttps://t.co/tTLPKwCsfD
— NFTrade (@NFTradeOfficial) July 12, 2021
In the last bit of crypto news for today, we have Cannumo announcing its IDO through four of the most user-friendly and accessible launchpads. As per the tweet, these launchpads include DeFiDrop, Prostarter, Zeroswap’s ZeeDO platform, and Yellow Road.
As per the tweet, the team has allocated $150,000 worth of $CANU tokens for the whitelist participants of both the Prostarter and ZeeDO launchpads. Full details on the Cannumo IDO on the four launchpads can be found here.
A summary of every launchpad which shall commence Cannumo's IDOs. Inside you'll find short summaries of the services these platforms provide for their respective users, and their detailed plans for the upcoming Cannumo's IDO. The 14th of July!https://t.co/rlWDFKgASW
— Cannumo 2.0 (@cannumo) July 12, 2021
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The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by B21. Copyright Altcoin Buzz Pte Ltd.