Through Avalanche Vista, Avalanche developers seek to bring tokenized asset market activity to the blockchain. This and more news in this practical summary daily so that you are always informedwith events most recent that occur within the crypto world.
The Avalanche Foundation presents Avalanche Vista
📍Avalanche is committing $50 million to asset tokenization. The developers of the open source blockchain for scalability, Avalanche, have presented a new initiative focused on tokenization, one of the sectors of the crypto/blockchain industry that is strongly breaking into different areas of the economy.
According to the Avalanche Foundation, asset tokenization is poised to be one of the most impactful blockchain technology innovations of the next decade, so it has designed a new program to accelerate its development. This is Avalanche Vista, a $50 million dollar program that is focused on building a new, more accessible, efficient and profitable financial system through the use of Avalanche Network's blockchain infrastructure.
Bank of America predicts that asset tokenization will be a $16 trillion market in the next 5 to 15 years. Avalanche Vista wants to ensure and accelerate the growth of this sector by attracting important players such as BlackRock and, thus, play a key role in the new financial system to guarantee the efficient transfer of value worldwide.
Has Dogecoin reached X, the new Twitter?
📍Dogecoin accumulates a weekly gain of 13% after Elon Musk's subtle change in his biography. Twitter, renamed X, continues to impact the cryptocurrency market. This time, a subtle update to Elon Musk's biography on the social platform has sent the price of Dogecoin (DOGE) up to $ 0,077 dollars, reflecting a daily gain of almost 4% and a weekly gain of 13%.
The rise in the price of the cryptocurrency occurred after Elon Musk inserted the Dogecoin symbol, the “Ɖ”, in his biography, specifically, in his location.
Although neither Musk nor the executives of
Realvision founder Raoul Pal said that X could have plans to use DOGE to make global payments for creators.
Sky Mavis' new Web3 project
📍Sky Mavis and CyberKongz partner to launch a new collection of NFTs. Axie Infinity developer has joined the NFT project CyberKongz to create the first collection of non-fungible tokens in PFP format on the Ronin Network chain.
Kathleen Osgood, an executive at Sky Mavis, explained that the new crypto collection will be made up of 20.000 PFP profile images that are inspired by the anime series Genkai. Each image in the new collection will be an NFT.
The collection will launch next Thursday on the Ronin Network blockchain. According to the statement shared by the developers, 4.000 NFTs from the Genkai crypto collection will be for sale on the digital marketplace developed by Sky Mavis, called Mavis Market, on the Ronin network. The rest of the Genkai NFTs will be based on the Ethereum blockchain.
On the other hand, in addition to crypto collectibles, both projects will work on the development of a new Web3 video game, to offer users a complete gamified experience.
Continue reading: Bitcoin: miners extract block No. 800.000 on the network
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