Quote of the week: “Investors poured $30 billion into the crypto industry in 2021, more than in all previous years combined.” – Bloomberg News. Sources:
Radioshack and Crypto: Radioshack is building a decentralized finance ecosystem in collaboration with the Atlas Universal Store of Value protocol. The partnership plans to release a decentralized exchange where users can send cryptocurrency directly to one another without an exchange service. The brand’s primary objective is to distribute blockchain technology, targeting large corporations. Furthermore, the company plans to have a RADIO token, which will be used as a “bridge asset.” Sources: https://finance.yahoo.com/
El Salvador Update: Yet again, El Salvador buys the Bitcoin dip. On December 21, El Salvador bought an additional 21 Bitcoins to celebrate the 21st day of the last month of the 21st year of the 21st century. Source: https://www.coindesk.com/
Crypto.com Sponsorship and The Super Bowl: This week, Crypto.com announced its sponsorship with the professional U.S. Women’s football team Angel City FC. Following this sponsorship announcement, the news was out that Crypto.com purchased airtime at the Super Bowl 2022. Source: https://finance.yahoo.com/
Bitwise Launches NFT Index Fund for Accredited Investors: Bitwise launched its Bitwise Blue-Chip NFT Index Fund in an effort to democratize access to NFTs, art collections, and other digital assets of value. The Index Fund is now available to qualified investors for private placement subscriptions, and the minimum investment is $25,000. Source: https://cointelegraph.
Business Consultants are Entering the Metaverse: On December 23, the Sandbox team announced that PwC Hong Kong bought some LAND, which is virtual real estate represented as an NFT. PwC Hong Kong Partner William Gee said in a statement, “we will leverage our expertise to advise clients who wish to embrace the Metaverse on the full range of challenges presented by this emerging global digital phenomenon.” As a result of this news, SAND token prices have risen.