FIFA Builds an NFT platform for soccer fans; Meta Starts a European Campaign to Promote the Real-World Potential of Metaverse

FIFA will introduce a non-fungible token (NFT) platform to offer digital collectibles depicting the best soccer game moments, according to Bitcoin.com.

According to the report, the platform will launch later in the month and will include several initial token collections, with additional items expected later.

Meta said in a blog post that the metaverse might have “a real effect” on Europe’s digital economy, possibly contributing $440 billion to the region’s gross domestic product (GDP) within a decade if adoption increases similarly to mobile technology.

Meta stated that there is still a lot of work to be done. Creating its potential will take “collaboration across industries and with experts, academics, civil society, governments, and regulators to get it right.”

In the meantime, cryptocurrency’s status in the United Kingdom might be changing soon, as Liz Truss has won the election for Prime Minister there, which leaves everything unclear about whether or not future policies for digital assets would be implemented, according to Bloomberg.

According to the report, Truss has been very quiet so far about what she might have planned for virtual currencies.

Rishi Sunak, who had been a vocal advocate for cryptocurrency in his role, was defeated by her. According to the report, Sunak intended to strengthen the United Kingdom’s reputation as a leader in financial technology.

According to the report, Truss will inherit a new government, which will include a cost-of-living crisis and a recession.

According to CoinDesk, Michael Saylor, the previous CEO of MicroStrategy, is looking into ways to onboard large numbers of people into the Lightning network.

The Lightning network is a payment network built on bitcoin, which is supposedly designed to aid with quicker and cheaper transactions.

Saylor resigned from his role as CEO of MicroStrategy on August 2, but he wanted to keep working on the company’s software division. Now, it appears as if some of that business will assist people in getting to bitcoin quicker, possibly increasing its value.

SALT, a crypto lender, may be considering a buyout after being accused two years ago of conducting an unregistered initial coin offering (ICO) by Blockworks.

According to the report, SALT allows users to take out crypto-backed loans and said it was talking with Bnk to the Future (BF) as of Friday (Sept. 2).

According to the report, BF has signed a letter of intent to buy the business. The transaction would boost the company’s product offering, adding that customer loan terms, security, and services would not change if the transaction were signed.

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