Ethereum gas fees have driven interest and adoption of second-layer protocols, which exceed more than $5.250 billion in liquidity. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Cryptocurrencies and altcoins
📍IOTX price reaches a new all-time high. IoTex (IOTX), the cryptocurrency developed to drive the creation of an open economy for machines, hit a new all-time high price. The IOTX price has grown more than 100% in the last week, which led it to reach a new maximum value of $0,261 per unit.
The quotes of other cryptocurrencies and tokens such as Liverpeer (LPT), Loopring (LCR), Icon (ICX) and Decentraland (MANA), have grown more than 25% in the last 7 days.
📍Ethereum's second layer protocols reach liquidity of more than $5.000 billion. By data from the L2Beat web portal, the current liquidity deposited in second layer protocols developed on Ethereum exceeds $5.250 billion at the time of this edition.
Source: L2Beat
So far this year, the growth and adoption of Ethereum's second layer protocols, such as Polygon, Arbitrum, and Optimism, has been exponential. Interest in these protocols is being driven mainly by the high level of scalability they offer, which allows users to operate in a more accessible and economical way. On Ethereum, gas fees exceed $40 currently, which is why many users are beginning to look for more scalable and accessible solutions to carry out their transactions. According to data from The Block Research, transaction volume on Ethereum has fallen 5% in the last week, going from 1,4 million to 1,33 in the last 7 days.
NFT and DeFi Markets
📍The gaming community Crypto Gaming United (CGU) will launch scholarships to facilitate entry into the popular blockchain game Axie Infinity. Sergei Sergienko, co-founder of Crypto Gaming United (CGU), reported that the gaming community will finance the entry costs to Axie Infinity for several players interested in blockchain gaming, through a new scholarship program. The goal of the gaming community is to facilitate entry into Axie Infinity and encourage the creation and development of the new digital economy.
For UGC, games Play-to-Earn They are the future and through Axie Infinity, the most popular of all currently, players can develop their creativity, acquire new skills and maximize their income and profits. The CGU scholarship program will be able to cover up to $4.000 per player, Sergienko reported.
📍Animoca Brands and Cube Entertainment join forces to create a “K-pop” Metaverse. The gaming software development company Animoca Brands and the Korean entertainment company Cube Entertainment are joining forces to build a new Metaverse dedicated to music of the K-pop genre, which includes rhythms such as pop, rap, rock, among others. Animoca Brands published a release reporting that it will form a joint venture with Cube to build a music metaverse where artists can develop and grow within the blockchain world.
The company also reported that it will mint non-fungible tokens or NFT in order to facilitate the development of a new digital ecosystem that guarantees the intellectual property rights of artists and creators.
📍The president of Russia, Vladimir Putin, expresses his support for the Metaverse. During his participation in the international conference Artificial Intelligence (AI) Journey 2021Vladimir Putin, President of Russia, said that the Metaverse can offer new opportunities for communication and learning to society. According to Putin, the characteristics and capabilities of the Metaverse can help build a better and more perfect world, where people can interact, work, study and develop socially and economically, regardless of where they are.
However, Putin stressed that the Metaverse should not be seen as an alternative to escape reality, as originally devised by science fiction writer Neal Stephenson in his novel “Snow crash” from 1992. Stephenson described the Metaverse as a limitless virtual world where you could escape the imperfection of the real world.
Rules and Regulations
📍Banco de España thinks of the digital euro as a unifier of the European payment system. The governor of the Bank of Spain, Pablo Hernández de Cos, said that a well-designed digital euro could favor the digitalization and unification of the European payment system, guaranteeing security and stability against the risks of current technological financial advances. According to de Cos, who spoke at the Assembly of the Financial Markets Association, the stablecoins They are one of the biggest concerns that currently exist, since these currencies are growing rapidly and without control, which can lead to great risks for the stability of the financial system.
De Cos affirmed that a digital euro, designed appropriately and intelligently, will bring great benefits and improvements to the current system, without risking the security and stability of its participants. Among the benefits of a digital euro, de Cos highlighted faster and more efficient cross-border payments, greater accessibility to the financial system and transparency to prevent and minimize financial crimes.
Continue reading: B2M Token is now available on Uniswap, the largest decentralized exchange in the crypto world
