Social network and news aggregator Reddit has handed out its first NFT avatars as an airdrop to some of its users, using the Polygon Network sidechain. This and more news in this handy daily roundup so you're always up to date with the latest events happening within the crypto world.
Bitcoin and Blockchain Adoption
📍‌Some Reddit users are already experimenting with NFTs on the social network. The social platform and news aggregator has launched the first NFT avatars of its “The Singularity”, “Aww Friends”, “Drip Squad” and “Meme Team” collections, based on the Polygon Network scalability network. These NFTs were given to some of its users as airdrops, to test the new features.
On Twitter, several users of the platform have confirmed that they have received a free NFT avatar from the social network. However, Reddit reportedly does not mention the word NFT. Instead, it uses “digital collectibles.”
In January of this year, Reddit had revealed its plans to include blockchain and add NFTs to its platform, in order to allow its users the possibility of setting these digital assets in their profile photos.
A financial guru believes in Bitcoin as the next big thing
📍‌Economist and author of several financial papers Harry Dent has compared Bitcoin to Amazon in the dotcom era. According to the American economist, Bitcoin is the next big thing in the world. However, he believes that before reaching a new all-time high, the market-leading cryptocurrency will go through a phase similar to Amazon in the dotcom era, when the company's shares fell to previously unseen lows.
So while Dent expects the cryptocurrency market to see an exponential recovery in the future, a further market decline is likely to be expected in the short term. He speculated that the price of Bitcoin could reach $7.000 per unit in the current crypto winter. Dent also expects a major drop of up to 40% on the Nasdaq.
These statements They were made by Harry Dent during his participation in the program “Rich Dad Radio Show” hosted by Robert Kiyosaki.
Kingship and Mars will bring Bored Apes into the real world
📍‌A limited edition of M&M's chocolates will feature several Bored Apes alongside the logo of the virtual band Kingship. First-ever virtual musician band Kingship, represented by 3 Bored Ape avatars and 1 Mutant Ape avatar, has partnered with candy maker Mars to stamp their band members' faces onto the popular M&M's chocolates.
In a Press release, the record company 10: 22PM, a subsidiary of Universal Music Group (UMG), announced that the Mars company will release three special edition boxes of M&M's, whose candies will feature the Kingship band logo alongside the Bored Ape and Mutant Ape avatars representing the band, to commemorate the greatest moments of rock 'n' roll.
Brazil seeks cryptocurrency and blockchain experts
📍‌Several vacancies posted by the Brazilian Senate's general directorate require applicants to have solid knowledge of cryptocurrencies and blockchain technology. On Official Gazette of the Union No. 4The Brazilian government has announced the hiring of several experts in the area of ​​legislative advice who meet the condition of knowing about cryptocurrencies and blockchain.
According to the document in Annex I, Block II, candidates for the available vacancies in the Pronouncements sub-area of ​​Legislative Advisory Services must know, among other things, about cryptoassets as a requirement for their application.
Brazil is currently one of the most emerging markets for the cryptocurrency industry, where several legislative initiatives are being promoted to regulate cryptoassets and bring them into the mainstream. The country also became the first in Latin America to open the door to Cryptocurrency investment, authorizing the creation and launch of various investment products, such as exchange-traded funds or ETFs for cryptocurrencies like Bitcoin and Ethereum.
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IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
