News 1: El Salvador Announces World’s First Bitcoin City, Backed By $1B Bitcoin Bonds
In its latest Bitcoin adoption move, the Central American country plans to build a city based on the world’s largest cryptocurrency. President Nayib Bukele announced the Bitcoin City initiative at El Salvador’s Bitcoin Week conference on Saturday night. This conference is a celebration of Bitcoin’s mainstream adoption in the country.
News 2: Ethereum layer two TVL reaches all-time high
Layer 2 TVL has more than doubled over the past couple of months, hitting a new all-time high of $5.64 billion.
The total value locked (TVL) on Ethereum layer two (L2) networks has surged to a new peak as gas fees continue to rise steadily. Layer 2 analytics platform L2beat currently reports that the total amount of ETH locked across various L2 protocols and networks has reached an all-time high of $5.64 billion.
News 3: Land Art is Exploding in the NFT World
Amidst rising global wealth, resurging interest in blockchain; and a shift in cultural prominence towards digital experiences, NFTs have become a powerful medium for art.
Next Earth, an NFT-based replica of Earth, has seen tremendous growth over the past year. They recently released an update with major new features; including Land Art, allowing users to create art on Earth using colored tiles.
Next, Earth has built its community by giving users more ways to own unique lands in the metaverse. This represents an ongoing shift in our culture towards experiences over products; and digital worlds where users can express themselves freely are becoming more prominent than ever before.
News 4: Avalanche Value Surges Reaching an All-Time High, AVAX Joins the Top Ten Crypto Assets
The crypto asset avalanche (AVAX) has significantly increased over the last 24 hours, jumping in value by more than 21%. Besides gala (GALA), the avalanche is the biggest crypto asset gainer during the last day. On Sunday; AVAX reached an all-time high (ATH) at over $144 per unit and; has entered the top ten cryptocurrencies by market capitalization.
News 5: SHIB and DOGE Tokens are the most-searched cryptocurrencies in 30 U.S. States
A recent study has highlighted the integrity of the rising popularity of meme cryptocurrencies in 2021; indicating their dominance as the most searched in the United States.
According to research conducted by The Advisor Coach’s financial advisor platform and obtained by Business Insider; joke coins Dogecoin (DOGE) and Shiba Inu (SHIB) were the most-searched tokens on Google in 30 U.S. states.