May 26, 2024

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Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency, and NFTs: Dec. 21-27, 2022

Welcome to another edition of Crypto NFT Today! If you enjoy cryptocurrency, NFTs, and riding emotional rollercoasters, this is the place to be.

Are you ready for the crunch? Let’s get started.

Singles are Ready to Date in the Metaverse

Remember when online dating services were the exception rather than the rule when it came to finding your soul mate? In 2022, online dating is so mainstream, it is becoming antiquated. 

Results of a new survey from dating.com show one-third of people polled now plan to date in the metaverse. 

As avatars become more reflective of their real-life counterparts, people in the dating scene are able to learn more about their potential matches than they would from a text or phone conversation. 

The protocol for modern dating become a progression digital contact that follows a strict social guideline: First DMs. Second, texting and/or messaging on a social media platform. Third, phone calls and video chatting. Only once those obstacles have been overcome do people meet up IRL. 

Dating in the metaverse can remove several of these steps and offer a more authentic experience when getting to know a potential partner. 

‘Instagram-Robinhood Hybrid’ NFT App Raises $7.8 million in Funding

NFT platform Revel has secured $7.8 million in seed financing led by Dragonfly Capital. Referred to as a cross between Instagram and Robinhood by the startup’s CEO, Adi Sideman,  the platform helps consumers build a portfolio of media and of the people they collect. 

Revel’s marketplace allows users to create NFTs for their followers, friends or community and also allows people to own editions of the media they like and follow, Sideman said.

“Followers have a stake in the community they participate in and that is a powerful new experience,” Sideman said. “It’s nuanced, but it’s powerful.”

Trump NFT Collection Sells Out in Less Than a Day

Former president Donald Trump has an NFT trading card collection — and it’s sold out. 

According to data from NFT trading platform OpenSea, the collection’s trading volume is 900 ETH, or about $1.08 million. Its floor price is about 0.19 ETH, or about $230 – more than double the original price of $99.

Trump rolled out the collection Thursday and sold out in less than 24 hours,  giving its creators a nearly $4.5 million windfall.

Bitcoin Dips Amid Binance Bankruptcy Fears

Bitcoin has held steadily below the $17,000 mark since Dec. 16 following fear, uncertainty and doubt (FUD) about the future of crypto exchange platform Binance and others. 

The bearish outlook could be an overreaction, however, according to some analysts. 

Trader and analyst Crypto Ed sounded skeptical, drawing attention to Bitcoin’s copycat comedown in line with U.S. equities on Dec. 15.“Interesting to see everyone suddenly so bearish on BTC as if it’s solely acting so weak. SPX is doing exactly the same, maybe even weaker,” he told followers, querying whether the “Binance fud” really had a role to play.

The effects of FTX’s collapse on the cryptocurrency industry

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By I&T Today

Innovation & Tech Today features a wide variety of writers on tech, science, business, sustainability, and culture. Have an idea? Send it to submit@innotechtoday.com

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