NFT SUMMER

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NFT Summer Fest'22

DOGE Millionaire Purchases $500 Million Floki Inu (FLOKI) Tokens Assuming A ‘Meteoric Rise’

According to a recent interview, Glauber Contessoto; a Dogecoin investor famed for putting his $250,000 life savings in the meme-inspired cryptocurrency in early February to become a billionaire; is now purchasing rival meme-inspired cryptocurrency Floki Inu (FLOKI) tokens. 

DOGE millionaire, Contessoto disclosed to Benzinga that he purchased $125,000 worth of FLOKI tokens; allowing him to purchase $500 million tokens. While his portfolio is still primarily focused on Dogecoin, having 900 million tokens in it, FLOKI is now his second-largest investment.

The crypto billionaire informed the news site that he will “continue purchasing Floki” in the future with the objective of achieving one billion tokens, which would entail an additional $100,000 expenditure. 

German Savings Bank Are Considering Crypto Trading For Their Customers

German savings banks are working on a concept that would allow their customers to trade cryptocurrencies directly via their organizations. 

Sparkassen is a publicly owned and maintained savings bank found throughout Germany, serving around 50 million customers. 

According to a story in the German news outlet Capital, a previously-secret pilot program that would allow account users to acquire cryptocurrencies directly through their bank accounts will need to be authorized by savings bank committees early in 2022 if it is to be widely implemented.

If the Sparkassen committees accept the concept, a preliminary version might release in late 2022. 

Several prominent German banks lag behind Sparkassen in their crypto adoption roadmaps, according to the Capital research.

On German stock markets, crypto-related items have been vigorous trade activity. According to a study on the next savings bank referendum, institutional interest is still growing. Over the next 12 months, more than $400 billion is estimated to come into the German space industry.

Nike Acquires RTFKT, An NFT Fashion Startup

In recent years, Nike has been a relatively silent company in the crypto space. The brand filed a trademark and service application with the United States Patent and Trademark Office in 2019. However, nothing has been seen from Nike in the space during the last two years.

According to Nike’s new press release, all of that has altered in the last several hours.

The acquisition of RTFKT aims to introduce the brand in a digital arena that the swoosh has mainly ignored thus far.

“We’re acquiring a very talented team of creators with an authentic and connected brand. Our plan is to invest in the RTFKT brand, serve and grow their innovative and creative community and extend Nike’s digital footprint and capabilities,” stated Nike President and CEO John Donahue.

Danal Will Accept Cryptocurrencies As Payment For BMWs

Danal Fintech, a blockchain-based payment platform, launched a new service plan to allow BMW automobiles to be purchased using Paycoin (PCI) in its unique relationship with Samchully Motors; the luxury automotive line’s local dealer.

The new revelation marks the first time South Korea that may purchase a car entirely with Bitcoin. Danal Fintech has acquired a supply of popular BMW sedans and sports vehicle models through Samchully Motors.

“To purchase a car with crypto means we can buy anything in the world with cryptocurrencies. In addition to expanding partnerships with various automakers beyond BMW, we will do our best to create an environment where everything can be purchased with Paycoin; Danal Fintech CEO Hwang Yong-taek stated in a press release.

Customers will manage the whole purchase process using Danal Fintech’s PCI smartphone app; from signing the contract and paying for the car to receiving the vehicle. 

Justin Kan, Co-founder of Twitch, Will Establish A Gaming NFT Marketplace

Fractal, a Solana-based marketplace created for gaming non-fungible tokens (NFTs); was launched by Justin Kan, co-founder of the video game live-streaming service Twitch; and other gaming industry entrepreneurs.

Fractal will serve as both a primary market for gaming firms to release new items for fans and a secondary market for users to sell their NFTs to one another. Kan stated on Medium that the Fractal team intends to build new use cases for NFTs in gaming.

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