DOT has recently seen a large decline in total volume traded on our convert portal. Consequently, price has dropped over 11% in the past week. Currently, DOT is trading at a pivotal point, just above previous 2020 highs. APE has seen a surge in trading volume this week with an increase of 21.97%, whilst price has only increased 1.3%. It is not apparent as to why trading volume has increased, but there has been increased activity in the NFT space

Solana network is getting its own mobile phone: “Saga” an Android handset by the blockchain’s key stakeholder Solana Labs.The upcoming device – a modified handset with specialty crypto wallet functions and the “Solana Mobile Stack (SMS)” software development kit for Web3 programs – was announced Thursday in a New York City event. It will cost around $1,000 and begin delivery in early 2023.The phone marks Solana’s biggest bet yet on mobile-focused

Binance, the world's largest cryptocurrency exchange, announced in a press release on Thursday that it has signed a multi-year NFT partnership with Portuguese footballer Cristiano Ronaldo.Through the partnership, Binance will launch a “global campaign aiming to give Ronaldo’s fans an introduction to Web3” with a “compelling entry point into the world of NFTs.”Over the course of the agreement, Ronaldo and Binance will create a series of collection

Italian high-end luxury brand Gucci is venturing further into Web 3.The Florence-based company is buying into its first decentralized autonomous organization (DAO) via a new partnership with non-fungible token (NFT) marketplace, SuperRare.Gucci has acquired $25,000 worth of RARE tokens to join the SuperRareDAO. With its buy-in, Gucci is launching the “Vault Art Space,” an exhibition that will include a selection of NFT artworks by 29 artists.“We

Meta has rebranded its Facebook Pay digital wallet as Meta Pay, calling the change the “first step” toward the company creating a wallet for its version of the metaverse.Meta CEO Mark Zuckerberg published a post on Facebook, saying that Meta Pay would replace Facebook Pay and have additional features.The wallet will be used for Meta’s metaverse platform; users will be able to “securely manage your identity, what you own, and how you pay.” It will

KPMG, one of the top four consulting firms, is stepping into the metaverse by opening its first collaboration hub between its U.S. and Canadian units.The hub will allow the firm’s employees, clients and communities to connect, engage and explore opportunities for growth across industries and sectors, the consulting firm said in a statement. “The metaverse is a market opportunity, a way to re-engage talent and a path to connect people across the g

Tether, the issuer of the largest U.S. dollar-pegged stablecoin, plans to expand its offerings with the introduction of GBPT, a stablecoin pegged to the British pound, according to a press release.The token will issued in July and will become the company's fifth stablecoin. It will join U.S. dollar-pegged USDT, Euro-pegged EURT, offshore Chinese yuan-pegged CNHT and the Mexican peso-pegged MXNT that was launched last month.The collapse of algorit

In a Facebook post on June 21, Zuckerberg said there would also be updates to “help creators build for the metaverse.” He added that he wanted platforms such as Facebook to play a role in the growing creator economy.There were six new updates that Zuckerberg shared in his thread. The first one was more revenue to creators, with the social media platforms holding off on any revenue sharing on Facebook and Instagram until 2024. “That includes paid

Despite the crypto industry’s best efforts, the ‘metaverse’ as it exists right now is a centralized and siloed affair. Which is why some of the biggest names in gaming and software have come together to establish the Metaverse Standards Forum with a mission to drive interoperability and cross-compatibility in the space along with standardized terminology.Meta (FB), Microsoft (MSFT), Nvidia (NVDA), Unity, Sony (6758), and 30-other companies are co

Bitcoin (BTC) is up about 22% since Saturday’s low of $17,593, hovering around the $21,500 price level.After a weekend where bitcoin saw $7.3 billion in realized losses, the largest cryptocurrency erased all weekend losses and was recently up nearly 7% in the last 24 hours to around $21,206.“This recovery removes some of the extreme oversold nature of the cryptocurrency,” said Alex Kuptsikevich, senior market analyst for FxPro, “Still, it will be