Dubai’s virtual asset regulator has opened a virtual headquarters in The Sandbox metaverse to move forward into the digital future. This and more news in this handy daily digest so you’re always up to date with the latest developments happening within the crypto world.
Metaverse and Play to Earn Games
📍Dubai's virtual asset regulator is the first to open a headquarters in the metaverse. Dubai's Virtual Asset Regulatory Authority (VARA) has opened a headquarters in the metaverse sandbox, one of the most popular virtual worlds on Ethereum.
The regulatory agency is the first to enter the virtual world The initiative aims to boost collaboration and interoperability with virtual asset service providers and invite international leaders to participate in the development of the crypto industry, in order to boost economic resilience, accelerate social inclusion and address environmental sustainability through new technologies, the Emirates news agency WAM reported.
VARA's initiative came after Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the United Arab Emirates, announced the creation of a new legal framework to regulate cryptocurrencies in the city, in order to make it a major technological hub and global regulatory reference.
Cryptocurrencies and stablecoins
📍Crypto market reacts to US Federal Reserve (FED) rate hike. On Twitter, consulting expert Dr. Robin Kiera highlighted the rise of almost 4% that the crypto market experienced after the FED announced a 0,50% (50 basis points) increase in interest rates for this year.
Bitcoin (BTC) and Ethereum (ETH) prices rallied between 1% and 1,7%, while other cryptocurrencies such as Solana (SOL), Cardano (ADA), and Polkadot (DOT) have risen between 2,2% and 3,8% in the past few hours. Ethereum Classic (ETC) and Axie Infinity (AXS) are the top-performing cryptocurrencies of the day, each up around 11% in value.
NFT and DeFi Markets
📍The Home of the Crocodile Hunter Foundation will launch its first NFT collection on the Algorand network this year. Non-fungible token (NFT) innovation has reached the foundation of the Australian zoo, “Home of the Crocodile Hunter,” which is owned by the family of the late zoologist Steve Irwin. first NFT collection The zoo's upcoming token, called 'Wildlife Warriors' on the Algorand blockchain, will consist of unique NFTs that will be randomly generated.
Through these NFTs, the zoo's foundation seeks to fund a noble conservation strategy that shares the mission of protecting the planet, in order to raise awareness and funds to save wildlife in wild places in Australia.
Robert Irwin, son of Steve Irwin, commented to a local media outlet about the development of NFTs, noting that Australia ZOO – Home of The Crocodile Hunter is always open to new ways that can contribute to the conservation organization’s mission. “Any innovation that can help our conservation efforts, particularly one that shares our vision of protecting the planet, is something we are happy to support,” he said.
The Australian Zoo has chosen the Algorand network to launch its NFTs because it is an environmentally friendly blockchain.
📍Major League Soccer, the top soccer league in the United States and Canada, joins Socios.com. The association, which includes 28 football teams, has teamed up with Socios to create new interactive experiences for its fans.
On Twitter, Socios has welcomed the ML Soccer league to the world of blockchain and NFTs. The blockchain application developed by Chiliz allows sports fans to participate in their favorite teams through Fan Tokens, with which users acquire voting rights on the teams, in addition to accessing other benefits.
With the integration of Major League Soccer, Socios.com now brings together more than 120 soccer teams.
Innovation, Development and Technology
📍Chainlink strengthens a real estate tokenization platform for Latin America. Together with Chainlink, blockchain startup for property tokenization, LaProp, seeks to boost fractional investment in real estate in the Latin American market. On Twitter, the company noted that Chainlink's blockchain oracles and smart contracts will help automate rental payments to NFT owners, to simplify the process and avoid possible manipulations.
LaProp aims to provide investors with real estate NFTs that facilitate access to high-value properties.
Continue reading: ROSE, UST and Origin Protocol join the Bit2Me wallet
