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Top 5 Crypto News – Jhulan Goswami Join the NFT Bandwagon

Top 5 Crypto News – Jhulan Goswami Join the NFT Bandwagon

Kavya Barua

Kavya Barua is a voracious learner captivated by crypto and Fintech breakthroughs. Graduated from the University of Delhi's B.A (Hons) English program at Janki Devi Memorial College. She desires to be a successful professional with a strong interest in learning and accomplishing outcomes.

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Jhulan Goswami, An Indian International Cricketer, Join The NFT Bandwagon

Jhulan Goswami, a veteran Fast bowler of Indian Women’s Team, is ready to join the non-fungible token (NFT) auctions with Dubai-based CricFlix in collaboration with RevSportz and fanatic Sports; conducting its first-ever cricket NFT auction on December 24. 

“I am very pleased. May I say this should be the start for many other colleagues of mine to unlock NFT value and reach out to fans,” stated Goswami, who is also the highest wicket-taker in women’s ODIs.

Even before the auction begins, Goswami’s 2017 World Cup jersey has been pre-bid.

Anwar Hussein, the co-founder of CricFlix. Stated that “We; at CricFlix, are providing powerful transformations into the metaverse by bringing world-class cricket memorabilia with a renowned history behind it.

He further added  “It is an investment piece of a rare asset class for the future generations where the metaverse and physical world come together and thrive,” .

Polygon (MATIC) & Reddit Co-founder Create A $200 Million Fund To Support Blockchain-Based Games And Social Media

Polygon (MATIC) is teaming together with Alexis Ohanian; one of the co-founders of social media behemoth Reddit, to create a new $200 million fund to support ideas at the convergence of social media and Web 3.0.

Polygon is a scaling solution to facilitate widespread adoption of Ethereum blockchain-based decentralised apps (dApps).

According to a recent release; the initiative will collaborate with Ohanian’s venture business, Seven Seven Six, to develop the fund, which will strive to empower consumers through gaming and social media platforms.

Ohanian expects that the collaboration will help determine “what the new internet looks like.”

“We are still in the early days of Web3 and the most obvious opportunities right now are in gaming and social. This initiative will do just that; with a focus on gaming properties and social media platforms built on Polygon’s scalable infrastructure.”

Sandeep Naiwal, the co-founder of Polygon, said that “The multi-million dollar fund would assist in establishing a version of the internet that puts consumers in control”.

Visa Complete Its $930 Million Purchase of Ripple Partner Currencycloud

Visa paid £700 million (equal to $930 million) for Currencycloud, announced on Tuesday. The purchase of Currencycloud by Visa is designed to increase transparency; flexibility, and speed for the two firms’ clients when making cross-border transfers or doing foreign exchange operations.

Visa and Currencycloud inked a definitive agreement in July of this year; and the purchase of the London-based startup has now been finalized.

It should emphasize that the acquisition is based on an existing strategic agreement between the two firms since Visa already holds an interest in Currencycloud. 

Currencycloud joined Ripple‘s payment network RippleNet early this year to devise new methods for international transactions; focusing on places where regulatory rules hinder prospects for small and medium-sized businesses.

In The Last Two Years, Bitcoin Miners Have Shifted From Spenders To Hodlers

According to Glassnode’s most recent weekly report, BTC miner behavior has shifted dramatically in the previous two years; with traditional spenders transitioning to hodlers.

The miner netflow, which tracks the total amount of Bitcoin entering and departing miner wallets, is the critical indication here.

It should note that this indicator differs from the standard netflow indicator in that it is measured from the viewpoint of exchanges.

When the metric’s value is negative, miners withdraw coins from their reserves. If such prices hold for an extended period, it may indicate that miners are currently selling their Bitcoin; which can be detrimental to the coin’s price.

On the other hand, positive readings indicate that miners are putting their BTC into their reserves. Such a tendency might be positive for the coin because it may show accumulating behavior.

As Mass Use Grows, Instagram Is Considering NFT Integration

Since Adam Mosseri, CEO of Instagram, intimated that the firm would accept NFTs in the future; the cryptocurrency world has been vibrating with enthusiasm. Mosseri stated this during a Q&A session with Instagram users, noting that Instagram was ‘actively exploring’. 

“Nothing to announce yet; but we are definitely actively exploring NFTs and how we can make them more accessible to a wider audience,” Mosseri stated via his IG story. “I think it’s an interesting place where we can play, and also a way to hopefully help creators.”

This is not the first time Instagram has been connected to NFTs; in June, Allessandro Paluzzi, an Italian developer, revealed on Twitter that Instagram was working on “collectibles.” He went on to show pictures of the functionality and suggested that it will be able to interact with a digital wallet like MetaMask.

The specifics of Paluzzi’s discoveries have many people believing that Instagram is about to embrace NFT as part of its user offers altogether.

In May; artist Sean Williams said that Instagram was already in contact with art artists in the NFT ecosystem to help it construct its NFT platform.

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