Catalonia, which continues to join forces to become the heart of blockchain, will launch its own metaverse Catvers. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍Catalonia, about to launch its own blockchain metaverse Catvers. The Blockchain Center of Catalonia (CBCat) reported that next week the Spanish autonomous community will launch its own metaverse based on blockchain technology. The news was announced by Quirze Salomó, president of CBCat, during a interview the program Revolution 4.0.
The new metaverse, called Catvers, will be a decentralized space dedicated to promoting Catalan culture and language within virtual worlds. Catalonia, which wants to become the heart blockchain, is taking great steps towards the metaverse. According to Salomó, Catvers will develop its own digital economy and create new sources of employment. “It is logical that millions of dollars are paid for virtual land: everyone will want to be where the most avatars circulate,” said Salomó during the interview.
📍GetApp: 27% of Spaniards own cryptocurrencies, 44% plan to acquire them in the coming months. The GetApp digital business application ecosystem applied a study Spanish citizens, to find out the level of adoption of cryptocurrencies in the country. According to the results of the study, carried out with 997 people, 27% already own, or had in the past, investments in cryptocurrencies. 44% of respondents plan to invest in some crypto asset in the future while the remaining 29% of participants are not interested in cryptocurrencies.
NFT and DeFi Markets
📍L'Oreal Paris promotes female inclusion in the digital world with its first NFT collection. The French beauty brand has launched a collection of lipstick-inspired NFTs alongside a group of female artists and the company UTA. L'Oreal Paris has worked with artists such as Amber Vittoria, Arina BB, Lili Tae and more to create its exclusive lipstick-inspired digital art collection. The brand said that this initiative seeks to minimize the gender disparity in NFTs and to include the talent of great women in the art world.
The NFT collection used the shades available in the lipsticks from the “Reds of Worth by Colour Riche” collection. Currently, these NFTs are auctioned on the NFT marketplace Opensea, where bids are worth up to 2 ethers.
📍Murcia, the epicenter of innovation focused on NFT and Metaverse. The Spanish capital was the venue for a event's audience hybrid event that addressed the multiple opportunities offered by new technologies. Murcia discussed how the applications of NFTs and the Metaverse are revolutionizing the world.
The event was held in person at the Murcia Business and Innovation Center (CEEIM) and virtually in a streaming session. The National Federation of Digitalization and Blockchain (FNDB) was responsible for organizing the event, where Jared García de Alcaraz, vice president of the FNDB; Carmen Artigas, Secretary of State for Digitalization and Artificial Intelligence, among others, participated, the media reported. Murcia.
Rules and Regulations
📍The US Federal Reserve sees “a useful side” in stablecoins, if they are regulated. Jerome Powell, president of the United States Federal Reserve (FED) has said that, if regulated, stablecoins may be useful for the country's current financial system. Powell said that regulation is essential to minimize potential risks and ensure the security of investors. On the other hand, he mentioned cryptocurrencies, noting that he does not currently see them as representing a potential risk to the financial stability of the United States. However, he emphasized that they are a speculative and highly volatile ecosystem.
In October of this year, the FED clarified that it has no plans to ban cryptocurrencies as China has done. Likewise, at the beginning of last November, the Presidential Working Group on Financial Markets (PWG) published a report along with other regulators in the country, highlighting the need to apply banking regulations to the stablecoin industry. The United States appears to be considering regulating stablecoins to make its financial system more efficient, without the need to issue a digital currency CBDC.
📍Cynthia Lummis, Rob Portman, Pat Toomey and 3 other senators advocate for an amendment to the Infrastructure Act. The group of US senators Cynthia Lummis, Rob Portman, Pat Toomey, Mark Warner, Kyrsten Sinema and Mike Crapo he asked Treasury Secretary Janet Yellen to clarify the term and definition of “broker” in the controversial Infrastructure Act, approved by Congress and signed by the country's president last November.
For the group of senators, the Infrastructure Act, which plans to raise some $28.000 billion in taxes from the crypto industry over the next 10 years, may negatively affect development and innovation in the country. The term “broker” may include non-custodial actors within the tax requirements imposed by the law, which would be impossible to comply with and would undermine innovation. Recently, SEC Commissioner Hester Peirce he criticized SEC Chairman Gary Gensler's regulatory agenda for focusing on regulatory obligations, while ignoring important issues such as regulatory clarity and capital formation.
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