American Express, one of Fortune's 100 largest companies in the world, is betting on NFTs and the Metaverse. 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
📍The financial multinational American Express is betting on NFTs and the Metaverse. One of the sectors of the crypto industry that is rapidly gaining momentum is NFTs. In recent months, companies from the traditional financial sector have joined this innovation. The most recent is American Express, which filed 7 patent applications with the United States Patent and Trademark Office (USPTO) to register the use of its brand in the Metaverse.
According to the patents submitted, American Express could use its brand to develop virtual products in NFT format and to offer banking and financial services in the virtual world. Trademark attorney Josh Gerben shared details of the company's patent applications on his Twitter account. According to Fortune, American Express is ranked 95th in the global ranking of the world's largest companies.
NFT and DeFi Markets
📍Aave focuses on decentralization and capital efficiency with its new release. The decentralized lending protocol Aave has launched the third version of its protocol DeFi, focusing on security, risk management, decentralization, and capital efficiency. Stani Kulechov, founder of Aave, said that the third version of its protocol will integrate new functionalities, mechanisms, and tools specially designed to improve the user experience.
Aave V3 has already been deployed on six blockchains, including Fantom, Avalanche, Polygon, Arbitrum, Optimism, and Harmony and will soon be available on the blockchain from Ethereum.
📍Trident, SushiSwap’s new automated market maker (AMM) framework on Polygon. The DeFi protocol of DEX and AMM Sushi Swap has launched a new creation framework for next-generation AMMs in the scalability solution PolygonThrough this new framework, SushiSwap aims to provide a standard and platform that enables the development and deployment of AMM protocols focused on capital efficiency.
SushiSwap Developers they warned users that Trident is still in an early version, so they recommended caution when trying out this new platform. The SushiSwap community on Twitter has surpassed 200.000 followers.
📍Midnight Society, from “Dr Disrespect,” launches 10.000 gaming NFTs on the Polygon blockchain. The game development studio of the youtuber “Dr Disrespect” has thrown out a crypto collection of 10.000 NFTs on the Polygon blockchain, which will serve as a founder's pass for its early users and adopters. Each NFT has an initial cost of $50.
Rules and Regulations
📍Kazakhstan's Financial Control Agency seizes over 67.000 Bitcoin mining rigs in the country. Kazakhstan's financial authority is cracking down on cryptocurrency miners operating illegally. This week, the authority reported about an operation in which it seized more than 67.000 Bitcoin mining equipment, which did not have the required authorization to operate. According to the report, the rapid growth of cryptocurrencies has prompted many to set up clandestine mining farms, which may pose a threat to Kazakhstan's economic stability.
The authority indicated that due to the energy consumption required by crypto mining farms, not keeping a reliable record and control of them implies an increase in the risks of interruption of the electricity supply and shortages for consumers and companies.
📍US Senate candidate Bryan Solstin integrates cryptocurrencies into his campaign. As El Salvador’s President Nayib Bukele noted earlier this year, cryptocurrencies are playing a central role in U.S. politics. Washington state Senate candidate Bryan Solstin says he will work hard to legalize Bitcoin as a currency in the country if he wins the nomination.
On his Twitter account, said: “Making Bitcoin legal tender in the U.S. will be my primary goal on the Senate floor”.
Continue reading: Ethereum 2.0 launches its latest Kiln testnet, ahead of “The Merge”
