Microsoft announced the purchase of American game developer Activision Blizzard for a total of 68,7 billion dollars to boost its gaming business and promote the construction of the Metaverse. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
DeFi, NFT and Metaverse
📍Microsoft acquires Activision Blizzard to boost its business in the Metaverse. Technology company Microsoft announced the purchase of American game developer Activision Blizzard for a total of $68.700 billion. With this acquisition, Microsoft wants to boost its gaming business and accelerate the construction of the metaverse.
Activision Blizzard is the leading digital games developer in the United States, with titles such as Call of Duty, World of Warcraft and Candy Crush, which gather more than 375 million active users worldwide. Satya Nadella, CEO of Microsoft, stated that digital games will play a major role in the development and construction of the metaverse and that they will take Microsoft's products within this industry to the next level. As Nadella indicated, upon completion of the acquisition of Activision Blizzard, Microsoft will become "the third largest video game company in the world by revenue."
Microsoft also said that the acquisition of Activision Blizzard will mark the beginning of a new era of growth and development for the company, which will focus on creating safe, inclusive and accessible digital games for all, focused on players.
📍Luxury and sports car company Mercedes-Benz will create an exclusive NFT collection in collaboration with major digital artists. Art2People, Anthony Authie, Baugasm, Charlotte Taylor, Roger Kilimanjaro are among the digital artists who will help Mercedes-Benz create an exclusive collection of NFT for its G-Class all-terrain car line. This is what reported the company on its Twitter account.
📍Spanish clothing store Laagam launches its first NFT. Laagam launched its first virtual item of clothing in NFT format to open the doors to the Metaverse. On Twitter, the Barcelona-based clothing store highlighted that its new digital item will help introduce and empower women in the world of digital assets. This first NFT from the Spanish store is a pink metallic jacket that is traded for 1 cent.
Laagam clarified that this NFT was not created for commercial purposes, but rather to serve as an entry for women into the virtual world. “We want them to always remember that we were the brand that introduced them to digital assets”, he noted. At the time of this writing, the company has sold 200 NFTs.
📍The famous Barbie doll arrives on blockchain together with Balmain. Mattel, the company that makes the famous Barbie doll, is taking its brand into the world of NFTs and digital collectibles, in collaboration with the company Balmain. Thanks to the collaboration, the doll and its accessories are available on the NFT platform mintNFT.
Bitcoin and Blockchain Adoption
📍Animoca Brands' valuation reaches $5.000 billion following a successful funding round. Animoca Brands, one of the world’s largest game developers, has closed a $385 million funding round, with participation from Liberty City Ventures, Gemini Frontier Fund, Winklevoss Capital, 10T Holdings and others. With this round, Animoca Brands has raised its valuation to $5.000 billion, the company said.
Animoca Brands will use the funds to create a new metaverse, boost the NFT and GameFi business, develop new technologies and grow its business.
📍Kevin O'Leary wants to invest in sustainable cryptocurrency mining companies. Famous Canadian investor known as “Mr. Wonderful,” Kevin O'Leary, revealed that he has plans to invest in cryptocurrency mining companies that use renewable energy sources to sustain their operations on the network. O'Leary, who wants to diversify his portfolio, said Anthony Pompliano, who in addition to buying shares in sustainable crypto mining companies, is also interested in becoming a crypto miner.
O'Leary moved from criticizing Bitcoin to investing in the cryptocurrency last year. In March, he highlighted Wall Street investors' interest in how digital assets are mined on blockchain networks, citing environmental concerns over energy consumption.
Cybersecurity
📍MultiChain warns its users about a vulnerability that has put their assets at risk. On Twitter, the developers of the MultiChain blockchain protocol reported that an exploited vulnerability has compromised the security of 6 tokens on the platform. The protocol recommended users to revoke approvals given by users to protect their funds. One of the tweets posted recommends users not to move any of the assets affected by the exploit, wETH, wBNB, MATIC, AVAX, PERI, and OMT, without first revoking the approvals granted, following the instructions posted on their blog.
Continue reading: Walmart patents to take advantage of the business opportunities provided by NFTs and the Metaverse
Note: This article has been updated to note that Microsoft paid $68.700 billion to buy Activision Blizzard
