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Meta Begins Testing ETH, Polygon NFTs on Profiles - Top Crypto Updates
Meta has begun rolling out non-fungible tokens (NFTs) for some U.S. creators on its flagship social network, starting with Ethereum and Polygon NFTs. Bitcoin is currently trading at $19,509.07, an increase of 0.44% over the previous day.
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Key takeaways
- Meta has begun rolling out non-fungible tokens (NFTs) for some U.S. creators on its flagship social network, starting with Ethereum and Polygon NFTs.
- Bitcoin is currently trading at $19,509.07, an increase of 0.44% over the previous day.
- Music streaming app Napster has announced its plans to launch the $NAPSTER token on the Algorand blockchain protocol.
- Investment giant VanEck has filed a new application for a spot bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC).
- Reserve Bank Governor Shaktikanta Das described cryptocurrencies as a "clear danger".
Meta begins testing ETH, Polygon NFTs on profiles
Meta has begun rolling out non-fungible tokens (NFTs) for some U.S. creators on its flagship social network. It is starting with Ethereum and Polygon NFTs but will soon add support for NFTs on Solana and Flow. Users will have a “digital collectibles” tab on their Facebook profiles where they can showcase their NFTs
Crypto prices today: Bitcoin up 0.4%, ETH rises 0.3%
Bitcoin is currently trading at $19,509.07, an increase of 0.44% over the previous day. Ethereum is up 0.3% over the last 24 hours to $1,062.72. Solana rose 3.25% to $32.92, while Cardano is trading higher by 1.03% at $0.454. Avalanche (AVAX) is down 2.8% to $16.13. The global crypto market cap stands at $870.63 billion, a 0.2% increase over the previous day.
Napster to launch its own token on Algorand
Music streaming app Napster has announced its plans to launch the $NAPSTER token on the Algorand blockchain protocol. The company aims to build out its existing music streaming ecosystem on the layer-1 blockchain. $NAPSTER will be used as a payment method for purchasing music subscriptions and exclusive artist content rights.
VanEck files new application for Spot Bitcoin ETF
Investment giant VanEck has filed a new application for a spot bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). A spot bitcoin ETF is comprised of bitcoin or assets related to bitcoin's price. The move comes just a day after the SEC rejected the spot bitcoin ETF applications of Grayscale Investments and Bitwise.
Cryptos are a clear danger: RBI Governor
Reserve Bank Governor Shaktikanta Das described cryptocurrencies as a "clear danger". He said that anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name. The government is in the process of finalising a consultation paper on crypto after gathering inputs from various stakeholders and institutions.
Frequently asked questions
What NFTs is Meta testing on profiles?
Meta is starting with Ethereum and Polygon NFTs for testing on profiles.
What is the current price of Bitcoin?
Bitcoin is currently trading at $19,509.07.
Which blockchain will Napster launch its token on?
Napster will launch its $NAPSTER token on the Algorand blockchain protocol.
What did RBI Governor Shaktikanta Das say about cryptocurrencies?
Reserve Bank Governor Shaktikanta Das described cryptocurrencies as a "clear danger".
Written by
Cherian VargheseRelated reads
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