This week’s Top 5 stories were curated to catch up with the world of cryptocurrencies.
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This article curated a list of the top five crypto stories of the week to help you stay in sync with the crypto ecosystem.
Meta launches crypto payment platform
Facebook’s parent company, Meta, plans to launch a payment platform that integrates cryptocurrencies. In a record submitted to the United States Patent and Trademark Office (USPTO) last week, Meta submitted five applications for a new platform called “MetaPay” for customers to exchange old-fashioned traditional money for cryptocurrencies. .. Meta CEO Mark Zuckerberg also announced that he has begun testing digital collections on Instagram. This shows the move towards embedding NFTs. According to the USPTO website, trademark applications may take approximately eight months to process the first action as of March. Since changing its name from Facebook to Meta in October 2021, social media giants have announced a number of steps aimed at helping cryptocurrency users on the surface.
Robin Hood debuting Web3 wallet
Robin Hood, a popular trading platform, is developing a non-storage crypto wallet that works on several blockchains. The new product will give customers access to the distributed web and various cryptographic opportunities. The wallet is set up as a stand-alone program that stores non-fungible tokens (NFTs) and can be connected to NFT exchanges. The platform has opened a cipher withdrawal to the user, allowing the user to send the cipher from the platform. The wallet is currently limited to seven digital assets.
Law firm accepts cryptocurrency payments at school in Dubai
As cryptocurrency payments continue to spread in Dubai, Ashish Mehta & Associates, Solicitors, and Legal Consultants, law firms have announced plans to begin accepting cryptocurrencies for payment. Legal company clients can pay for services in digital currencies such as Tether (USDT), Bitcoin (BTC) and Ethereum (ETH). The company is affiliated with a digital currency network that processes cryptocurrency payments and automatically converts them to dirhams (AEDs). Future educational institutions, Citizens School, have also announced plans to integrate digital asset payment options. The school aims to provide students with flexible payment options and is set up to accept BTC and ETH.
LimeWire has partnered with UMG on a music NFT licensing platform
LimeWire, a digital collector marketplace, has announced that it has signed the first major music label partnership agreement with Universal Music Group (UMG), a global leader in music-based entertainment. The marketplace works together to make digital music collections available to a larger audience. UMG’s lineup includes well-known artists such as Taylor Swift, Kendrick Lamar, The Rolling Stones, U2, BTS, Chris Stapleton, The Weeknd, ABBA and Elton John. This agreement does not guarantee that any of these artists will release NFTs on LimeWire, but you have the option to do so. As part of this collaboration, UMG will use the LimeWire Marketplace to license LimeWire to collaborate with artists to create music-based NFT projects. LimeWire will launch a “formal campaign” later this month and then make its debut in the market.
Spotify Trial NFT in Madonna’s NFT Collection
Streaming music service Spotify has selected a small number of artists to embed and promote non-fungible token (NFT) galleries in their profiles. NFTs are displayed with the artist’s songs and albums. Big NFT collectors Steve Aoki and The Wombats will be the first musicians to take part in the test. Madonna also debuted NFT at Super Rare last week in partnership with NFT artist Beeple. The three-part NFT video series, titled “Mother of Creation,” is described as “eccentric” and “spicy” due to its visual nature. Voices of Children Foundation, City of Joy, and Black Mama’s Bail Out are three charities that help mothers around the world with revenue from sales.
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Disclaimer: This article was created by Giottus CryptoExchange as part of a paid partnership with The News Minute. Investing in crypto assets or cryptocurrencies is susceptible to market risks such as volatility and is not guaranteed to be profitable. Do your own research before investing and seek independent legal / financial advice if you are uncertain about your investment.