✔Meta (Facebook) registers a brand in Brazil and requests approval to launch a digital wallet with support for cryptocurrencies. The metaverse and social media company Meta, formerly Facebook, has applied for a trademark registration in Brazil. As reported Livecoins, Meta Platforms applied for its trademark registration at the end of December 2021 with the National Institute of Industrial Property. The request, which is in the evaluation phase, has already been made public and there is a period of 90 days for protests to be made against its registration in Brazil. The Meta registry, according to Livecoins, cites Bitcoin, stating that it already has a project to verify transactions with the digital currency. The order makes it clear that it is not limited to just using Bitcoin, but other options could be used.
Meta achieves its goal: send money via WhatsApp through a stablecoin
Facebook, metaverse and cryptocurrencies
It should be remembered that Brazil is one of the countries where the adoption of cryptocurrencies is growing the most. Since December of last year, Meta, the parent company of Facebook, has already allowed money to be sent via WhatsApp through the stablecoin Pax Dollar (USDP), by implementing its Novi wallet in the messaging application. The company Indian that sending transactions and payments with your Novi wallet, through WhatsApp, will be as easy as sending a text message. Through Novi, WhatsApp users will be able to make instant money transfers and payments without having to leave the chat. Meta’s plan is for the wallet to be global and add more cryptocurrencies.
Facebook announces that it has ready the digital wallet of internet money
✔Meta announces that the supercomputer that will help him build his metaverse will be ready in mid-2022. It’s called the AI Research SuperCluster (RSC) and it will serve to define a metaverse, where AI-driven applications will play an important role. For example, it will allow the simultaneous translation of hundreds of languages. The supercomputer will develop new augmented reality tools that will serve to detect hate speech and fake news.
China and NFTs
✔China creates a blockchain-based digital collectibles minting platform. China’s blockchain services network, BSN, has launched the BSN-Distributed Digital Certificates (BSN-DDC) platform, to enable its citizens and businesses to create digital collectibles on the blockchain not linked to cryptocurrencies. These are NFTs minted with fiat currency that China calls decentralized digital certificates (DDC). Cryptocurrencies are banned in China.
✔The bank of Lithuania approves the creation of Benker, the first EU-licensed blockchain bank. Benker will be the first blockchain bank licensed by the European Union. Where individuals and SMEs can buy and sell gold. The entity received approval from the Bank of Lithuania to establish itself as an Electronic Money Institution (EMI). Benker is built on the Natrix blockchain, although its products and services are not related to cryptocurrencies.
Facebook turns to Ethereum, Paxos and Coinbase to launch its digital wallet
✔The Russian Ministry of Finance presents a proposal to access cryptocurrencies through banks. Contrary to the Russian Central Bank’s proposal, the Russian Ministry of Finance wants to regulate cryptocurrencies instead of banning them, as the country’s Central Bank had proposed. According to the proposal presented by the agency, citizens and companies in the country will be able to access cryptocurrencies through banks. Russian President Vladimir Putin also asked his officials to consider the country’s potential to lead in cryptocurrency mining.
Stablecoins in the United States
✔The digital dollar will arrive between 2015 and 2030, according to Bank of America. America’s second-largest bank says the US Federal Reserve could wait until the next decade to issue a digital dollar. Meanwhile, he predicts that stablecoins will flourish across the country.
NFTs put the fan community at the heart of the business of culture
✔After several weeks of brutal exits, institutional investors are returning to cryptocurrencies. Digital asset management firm CoinShares says institutional investors are turning to cryptocurrencies. Mainly to Bitcoin, Solana, Cardano and Polkadot. This week’s entries recorded more than 18 million dollars.
✔El Salvador owns about 1,800 bitcoins. During the recent slump in the crypto markets, the Latin American country took the opportunity to increase its BTC holdings. Nayib Bukele, president of El Salvador, reported that the nation invested another 15 million dollars for the purchase of 410 BTC. The latest purchase makes El Salvador the owner of approximately 1,800 BTC. It should be remembered that Bukele has not yet made public the Bitcoin addresses managed by the country.
Hydroelectric plant to mine bitcoin
Operation: Save the Ethereum Soldier in the Battle for Web3 Applications
✔In Italy, the Borgo D’Anaunia commune reactivates a hydroelectric plant to mine bitcoins. The Borgo D’Anaunia Municipal Council is operating 40 bitcoin ASIC miners to mine cryptocurrencies on the network. The miners are operated through an old hydroelectric plant reactivated for these purposes.
✔Bnext launches its ICO with the Bit2Me Launchpad service. The Spanish neobank will use the Bit2Me Launchpad service to offer its B3X token. In the public sale, the Bnext tokens will be offered with a value between 0.015-0.02 euros, according to the entity in its whitepaper.
✔born Association of Cryptocurrency Users in Spain. Carlos Aránguez, professor at the University of Granada, has created the Cryptocurrency Users Association. The association was born to promote educational initiatives related to cryptocurrencies, blockchain, DeFi and NFTs, among the Spanish-speaking community of users.
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✔Sven Henrich, founder of NorthmanTrader, becomes a supporter of Bitcoin. Henrich reported on his Twitter account that his vision of Bitcoin had changed after several conversations with Michael Saylor, president of the US intelligence firm MicroStrategy and one of the largest buyers of bitcoin. Henrich has shared an article titled “Revolution” and now sports laser eyes in his Twitter profile photo.
Investments in cryptocurrencies
✔Mercado Libre bought shares in two cryptocurrency companies. The Argentine unicorn, which runs one of the largest e-commerce platforms, invested in Grupo 2TM and Paxos. Mercado Libre’s investment in these two companies responds to its plans to strengthen its commitment to digital assets and blockchain technology.
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✔Grayscale proposes new cryptocurrencies for its investment funds. The digital asset management firm Grayscale Investments presented the list of cryptocurrencies to add to their investment funds this year. Cryptocurrencies include: Algorand (ALGO), Axie Infinity (AXS), Enjin Coin (ENJ), Fantom (FTM), Gala Network (GALA), Iota (MIOTA), Oasis Network (ROSE), The Sandbox (SAND), VeChain (VET), among others.
Axie Infinity and its governance token
✔The blockchain designed for Axie Infinity already has its own governance token called RON. Game developer Sky Mavis has launched RON, the Ethereum-based governance token Ronin Network. The goal is to decentralize the network. Now, Ethereum-based scalability chain validators will need to stake RON to participate in the network consensus and validate blocks. Chain users will also be able to use RON to pay commissions.
Derivatives of the real estate market in the metaverses
Metaverse and NFT News
✔YouTube and Reddit, the last to follow Facebook, Twitter and Instagram in adopting NFTs. YouTube, the video platform owned by Alphabet (formerly Google), wants to adopt NFTs. Susan Wojcicki, CEO of YouTUbe, said that she was considering integrating non-fungible tokens into her platform. Similarly, the social news network Reddit is testing new features to allow users to mint and verify NFTs. Reddit’s idea is to allow these tokens to be configured in user profiles.
✔Pavia, the first Cardano metaverse, sells digital land for $15 million. The digital land business in Pavia amounts to a volume of 15 million dollars, according to CNFT.io, the Cardano NFT marketplace. Pavia is the first metaverse built on top of the science and next generation network. Currently, it has minted 100,000 lots of digital land as non-fungible tokens. 60,000 sold out in a short time due to high demand from investors. The final sale of digital land in Pavia will conclude this quarter.
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✔Warner Music buys large virtual estate in The Sandbox to hold concerts. Warner Bros. entertainment conglomerate Warner Music Group will hold major concerts in the metaverse. The company has purchased a large estate in The Sandbox to create a new virtual world based on a combination of theme park and concert venue. Warner Music will develop new musical and social events that will help its artists to connect directly with their fans.
✔BreederDAO raises $10 million to boost its NFT manufacturing business for metaverses and blockchain games. The Philippines-based startup is capitalizing on the need for companies to create NFTs. BreederDAO, which has been on the market for a month, raised $10 million from investors including Andreessen Horowitz (a16z) and Delphi Digital. The funds will boost your business of optimizing the minting process for NFTs. The company plans to create mass NFTs for various companies. Among them: Axie Infinity, Sipher, Cyball or Crabada. It has currently minted more than 100,000 NFTs.
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✔Adidas and Prada launch NFT to educate their fans on digital ownership. “Adidas: Prada, Re-Source” is the name of the NFT collection created by Adidas and Prada to bring digital property through NFTs closer to their community of fans. Their collaboration will link 3,000 fans and artists of the brands, who will be able to collaborate with the artist Zach Lieberman in the creation of the NFTs.
✔Gucci will launch its first full NFT collection with Superplastic. The luxury fashion brand will create an exclusive collection of 10 NFTs with entertainment brand Superplastic, which has sold millions of dollars with its vinyl dolls. The “SuperGucci” collection will be offered alongside ceramic collectibles handcrafted by Alessandro Michele, the brand’s director of design.
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Turkey is interested in cryptocurrencies
✔The Turkish president orders a forum to delve into the Metaverse. Recep Tayyip Erdoğan, President of Turkey, ordered his government officials to organize an educational forum to deepen the potential and advantages of the virtual world.
✔YTN, one of the largest news channels in South Korea, auctions as NFT a video with the electoral promises of the four presidential candidates. The tokens, listed on the platform OpenSea, are for sale for one ETH, but no offers have been made yet. The sale ends on February 4.
At press time, the market capitalization of cryptocurrencies is $ 1,688,460,370,437 ($1.68 billion).
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