Polygon (MATIC) and Terra (LUNA) have grown by more than 8% in the last few hours, as the crypto market continues to correct. Matrix Resurrection NFTs crash social NFT platform Nifty's. These 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.
Cryptocurrencies and altcoins
📍MATIC rises 8% amid a new drop for the main cryptocurrencies in the market. Polygon Network's MATIC token is currently trading near $100,000. $2 per unit, showing an 8% growth in the last hours. The sustained growth that Polygon has had, as an Ethereum scalability solution, and its new developments, is driving the value of the token in the market. Recently, Polygon announced the integration from the decentralized exchange IDEX to its protocol, opening up AMM and liquidity mining opportunities to its users.
Another cryptocurrency that has appreciated significantly in the last few hours, despite the bear market, is LUNA, native to the Terra network. LUNA is trading above the $63, with a growth of 10,5% in the last hours. By market capitalization, LUNA is the 12th cryptocurrency in the industry.
📍Barry Silbert, CEO of Digital Currency Group, announces new $85 million investment in Zcash (ZEC). The venture capital firm continues to invest large amounts in ZECOn Twitter, Silbert announced that his company has added another 376.100 ZEC to its balance sheet, with an investment of $85 million.
Silbert's company's new investment in the privacy cryptocurrency has sent its price soaring on the market, reaching $242 per unit. However, at the time of this writing, ZEC is trading at a value of $220 and maintains a capitalization of 2.604 billion dollars.
Bitcoin and Blockchain Adoption
📍Konzum supermarket chain begins accepting payments in Bitcoin and other cryptocurrencies. Konzum, the largest supermarket chain in Croatia, has enabled new payment options to confirm its commitment to innovation and new developments. Now, the chain allows its customers the possibility of purchasing their products using cryptocurrencies such as Bitcoin, Ethereum, Stellar, Dai, Tether, USD Coin, Ripple, EOS and Bitcoin Cash.
Cryptocurrency payments have been added to the supermarket chain's website, although it is expected to integrate the function of paying with crypto assets in its physical stores in the near future. Konzum is the first chain in Croatia to implement payments with crypto assets. To date, it has more than 700 stores in the country and more than 10.000 employees.
NFT and DeFi Markets
📍Nifty's crashes with the arrival of Matrix Resurrection NFT avatars. The social media platform for NFTs Nifty's collapsed due to the huge demand it saw with the arrival of NFT avatars from film production Matrix Resurrection. On Twitter, Nifty's creators notified users that the website was experiencing high demand and had reached its maximum capacity, causing infrastructure issues that forced them to stop the waiting list for users looking to acquire one of the 100.000 NFTs from the film.
Nifty's assured that it was working with its cloud service provider to resolve the issue transparently and as soon as possible. It also asked users who were on the waiting list to send an email requesting notification of their turn for when the minting of Matrix NFTs was activated again, as it remains suspended at the time of this writing. A post-mortem report detailing what happened is expected to be released soon.
Rules and Regulations
📍Meta expands its advertising policies and allows new cryptocurrency ads. The social media and metaverse company, Meta, published which, thanks to the maturity and regulation of cryptocurrencies in recent years, will begin to expand its advertising and publicity policies to allow a greater number of companies to advertise their cryptocurrency products and services through the company's spaces.
Continue reading: Terra presents plan to strengthen UST's position and liquidity
