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Hello, encrypted fans! ! !This is a list of some recent news encryption The areas that have attracted the most attention of users. Take a look and thank us later:
Metaverse land valued at US$106 million is traded on 4 top platforms
Call up Metaverse The new “trend leader” who has landed in the NFT field is not too much, because the former will continue to climb the ladder of success over time.In the latest development, four blockchain-based Metaverse projects have raised more than US$100 million through virtual land NFT Sale last week.The data is published by the famous DappRadar Decentralized application Analysis company in its November 30th post.
according to Application radar The team, Metaverse Land Assets is the ultimate hot commodity in the virtual space. From November 22 to November 28, the total transaction volume of leading companies such as The Sandbox, Decentraland, CryptoVoxels, and Somnium Space reached 105.8 million U.S. dollars. Nearly 6,000 traders made Metaverse’s sales data soar to the top, and at the same time greatly promoted the entire price chart NFT space as well.
Sandbox is recognized as a revolutionary encrypted gaming platform that allows users to play, create and monetize their experience on the virtual Metaverse land. With its strong market position, The Sandbox was able to grab the largest share of trading volume and earned $86.56 million for its kittens. On the other hand, Decentraland settled with 15.53 million U.S. dollars, CryptoVoxels received 2.68 million U.S. dollars, and Somnium Space generated 1.1 million U.S. dollars from the transaction. Decentraland recorded the largest virtual land sales in the past 30 days. On November 23, the company traded a plot of 116 plots of land in the virtual fashion district. The sale involves 618,000 MANA tokens worth US$2.7 million. On the same day, The Sandbox sold a tokenized mega yacht for 149 ETH, valued at more than $666,000.
The DappRadar team stated that the sudden popularity of Metaverse can be directly attributed to Facebook’s recent inclination to the industry through its renamed form Meta. The blog post emphasizes that this is just the beginning of Metaverse hegemony. The company believes that the virtual world has high potential, and Metaverse will soon become a mainstream industry.
Square changed its name to Block to explore blockchain technology
As a well-known digital payment company from the United States, Square decided to change its brand name to “Block” to show its preference for blockchain technology. In a Twitter post, Square stated that the rebranding will help the company collaborate with Cash App, BTC trading project tbDEX, and music and video streaming portal Tidal. Before joining the Block ecosystem, Square Crypto, an encryption-oriented branch of the payment group, will also be renamed Spiral.
When talking about the meaning of the term “neighborhood”, Square said that it represents a neighborhood neighborhood. This block includes sellers, blockchain channels, music cube parties, code blocks, building blocks, tungsten cubes, etc. The team worked meticulously for more than a year to introduce changes. The blog clearly mentions that the change only represents a new company name, while the vision, purpose and work remain unchanged.
Shortly after Square founder Jack Dorsey announced his resignation as CEO of social media giant Twitter, he released a rebranding message. The top position will now be chaired by the current chief technology officer and board member Parag Agrawal. Dorsey’s resignation allows people to speculate through Square that he has a deeper interest in encryption and blockchain, similar to Facebook’s shift of focus to blockchain through its refurbished brand name Meta. The name change will take effect on or around December 10. After the legal name is changed, there will be no organizational changes for Block, Spiral, Tidal, tbDEX and Cash App.
NFT faced failure during Matrix NFT Drop incident
It’s raining on NFT! ! ! Yes, the world is full of a perfect combination of fun and rewards for digital collectibles. I recently witnessed this craze during Warner Bros. The Matrix NFT avatar dropped in the Nifty exchange, where excessive overload caused infrastructure failure. The revelation of NFT is planned to be made public on Nifty’s detailed trading interface on November 30.
Earlier this month, Warner Bros. Studios announced that it will launch 100,000 unique matrix-themed avatars for fans, NFT. The cost of each non-fungible token is fixed at $50. The NFT price reduction is a strategy adopted by the team to promote the upcoming “The Matrix” movie that will be released in the United States on December 22.
To everyone’s surprise, this strategy worked very well for the studio, as more than 300,000 Matrix fans lined up for the event. The huge demand forced Nifty to start and stop the queue multiple times, eventually causing infrastructure problems. The multiple suspensions also led to several other problems, including failed purchase buttons, failed checkouts, and fluctuations in queue positions. Nifty apologizes for the unforeseen inconvenience caused by the network failure. The team decided to provide a free “Matrix NFT failure” for each user queuing on the release date.
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