NFT SUMMER

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NFT Summer Fest'22

Avalanche, An Ethereum Alternative, Enters The Top Ten Coins As Its Price Rises by 11%

In many respects, Solana has been the central figure in the tale of 2021. The “Ethereum killer” Avalanche, is having a solid second half of the year. With a current value of $110, Avalanche enters the top ten coins, causing SOL’s price to skyrocket.

Back on Earth, Avalanche, another Ethereum rival, is having a strong second half of the year. Its original AVAX coin, which was worth $10 to $11 six months ago, is currently worth $110. It’s also the ninth-largest cryptocurrency by market value, due to a 31% price increase this week and an 11% spike in the previous 24 hours.

Avalanche made its first appearance in the top ten at the end of November when it kicked Dogecoin out. However, the price fell from its all-time high of $144.96 due to a market correction.

Adidas Originals Earns $23 Million From First NFT Drop

Adidas Originals earns 5,924 ETH, or $23.5 million, via its ‘into the Metaverse’ collaboration with Bored Ape Yacht Club (BAYC), the non-fungible token (NFT) collector gmoney, and the crypto-focused media firm PUNKS Comic.

On December 17, Adidas Originals launched its Early Access minting stage, in which holders of an Adidas Originals proof-of-attendance protocol (POAP, which are handed to participants of virtual or real events), gmoney POAP, a BAYC or Mutant Ape Yacht Club NFT, or a Pixel Wallet NFT obtained access. The Early Access stage generated 20,000 NFTs worth 0.2 ETH; $15.5 million; and concluded just after 5 p.m. ET.ry

Those lacking these assets can still purchase one of the 9,620 “Into the Metaverse” NFTs in a general sale commencing at 6 p.m. ET. When completed, it added nearly $7.5 million to the mint’s overall profits. Adidas Originals and its partners have reserved 380 NFTs for future events.

Cardano (ADA) Introduces A New Peer-to-Peer Testnet To Boost Decentralization

The Cardano network introduced a new peer-to-peer (P2P) testnet as part of its continuous efforts toward complete decentralization.

Cardano developer Input-Output stated in a blog post that the new testnet is functioning with a limited set of pool operators to test the functionality. 

According to the firm, there are around 3,000 stake pools managed by operators (SPOs) who manage the dispersed nodes that fuel the network. Before complete integration, the pool operators would set up their nodes for direct interaction with one another.

The nodes require consistent communication with one another, which encouraged the introduction of the P2P capability. Notably, the decentralization efforts resulted in the Ouroboros algorithm, which is currently the Cardano blockchain’s consensus algorithm.

Cardano’s peer-to-peer features are still being tested and, despite the introduction, will not be fully incorporated into the network. According to IOHK, the present technique for communicating between nodes on the Cardano blockchain is based on files that explain the network’s static setup. 

The network is also dependent on IOG, which creates a connection that works as a barrier to decentralization.

Peter Mccormack Owns A Small Football Team And Exposes His Plans To The EPL, “With Bitcoin At Its Heart”

Peter McCormack, a well-known Bitcoin bull, recently stated that he has become the proud owner of Bedford FC; a local football team in the United Kingdom.

In a heartfelt Twitter thread, he highlighted how this acquisition matches with a childhood desire of bringing league football to his town–and how Bitcoin would help make that dream a reality.

In a fourteen-tweet thread; McCormack revealed his aspirations to build Bedford FC as a club with “Bitcoin at its heart,” as well as some of the specifics of his optimistic agenda for the squad.

The first stage would be to bring the team to the National League; while the second would be to get Bedford FC to the Premier League.

According To A New Research, 83% of Millenial Millionaires Hold Cryptocurrency

Research conducted by the U.S news network CNBC offered surprising insights into the financial portfolios of millennial millionaires; suggesting that a huge majority of people had invested in the embryonic cryptocurrency markets and want to do so in the foreseeable future. 

The research, conducted by Spectrem Group; questioned investors with more than $1 million in assets and discovered that 83% of them have made crypto investments in their lifetime and that 53 % of respondents have 50% or more of their portfolio in the digital asset market.

“I’m not sure the wealth management industry has recognized that they need to think of these as completely different generations. Most firms were hoping to ignore it. But millennial millionaires are not going to just grow out of crypto.”

According to George Walper, the President of Spectrem Group, conventional organizations have mostly failed to comprehend Millennials’ interest in the digital economy.

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