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Canadian Musician Grimes Reveals ‘Intergalactic Metaverse Children’s Book’ at Avalanche Summit

At the Avalanche Summit in Barcelona, ​​Canadian music and music producer Grimes announced plans to release an “intergalactic children’s metaverse book.” Grimes’ metaverse children’s book project is part of a $100 million initiative initiated by the Avalanche Foundation and non-fungible token launch platform (NFT) OP3N.

Grimes partners with OP3N to launch ‘an educational art series for babies and toddlers’ on Avalanche

From March 22-27, at the Avalanche Summit in Barcelona’s Poble Espanyol, NFT Launch Pad OP3N and the Avalanche Foundation announced a $100 million initiative dedicated to Web3 entertainment called Culture Catalyst. Ava Labs President John Wu said Culture Catalyst will bolster Web3 entertainment apps on the Avalanche network.

“The Avalanche Foundation’s Cultural Catalyst Initiative with OP3N marks a watershed moment for entertainment and pop culture applications at Avalanche,” explained Wu. “Users can expect Avalanche’s already strong NFT scene to grow into new areas and be part of a new chapter in the history of Web3 culture.”

In addition to Culture Catalyst, Canadian singer Grimes revealed that she plans to release an “intergalactic children’s metaverse book” as one of the initiative’s projects. Speaking to Avalanche Summit guests from a video screen, Grimes spoke about Web3 and how pleased he was to help OP3N’s efforts.

“When I joined Web3, this was the kind of project I was hoping to see,” Grimes told the audience. “I am very excited to partner with OP3N to launch an educational art series for babies and toddlers with the goal of creating a profound experience for babies that is also deeply meaningful for adults,” added the musician.

Grimes has been heavily involved in the non-fungible token (NFT) ecosystem for the past two years. Grimes is also the wife of Elon Musk and the mother of his son “X Æ A-12”. In March 2021, Grimes teamed up with the NFT Nifty Gateway marketplace to introduce their NFT collection titled “Warnymph Collection Vol. 1”. The NFT raised about $6 million and the NFT called “Newborn 1 and 3” was split.

“I hadn’t dropped any NFTs since the first crash due to environmental concerns. But I feel totally comfortable launching Avalanche,” Grimes said at the blockchain event.

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Canadian Internet Provider Oxio Says “Yes” to Cryptocurrency Payments

Oxio, an internet provider in Canada, became the first internet service company in the country to accept bitcoin and cryptocurrencies as payment methods.

Oxio Says “Yes” to Cryptocurrency

Oxio has partnered with Coinbase Commerce, a platform linked to the popular cryptocurrency exchange that allows merchants to accept digital currencies for goods and services. Marc-Andre Campagna, CEO and co-founder of Oxio, explained in a statement:

As the first independent digital ISP in Canada, it was easy for Oxio to offer its customers a payment method built for the people of the Internet. Canadians are increasingly interested in cryptocurrencies and we are happy to offer them a way to pay their bills with their preferred cryptocurrency, be it bitcoin, Ethereum, Litecoin or others.

For now, the service is only available to people who want to pay their bills online. With that said, this is undoubtedly a breakthrough in the space, as many cryptocurrencies were initially designed as payment methods. They were created to do away with checks, credit cards and fiat currencies, although this has been a relatively slow ride as the volatility that often accompanies digital currencies has caused many companies to say “no” to cryptocurrency payments.

The fact is that many of these companies are at risk of losing profits if they accept bitcoin. Consider the following scenario: a person walks into a store and buys $50 worth of goods with BTC. For one reason or another, the company accepting the payment cannot immediately convert BTC into fiat currency.

24 hours pass and then the price of the asset drops, causing $50 to become $30. While the person can still keep everything they bought, the store has lost profits. Is this a fair scenario? Not everyone thinks so.

The idea that Oxio is now willing to take that risk and allow bitcoin payments is a big move on their part. Furthermore, the company is clearly realizing that the crypto space is becoming bigger than anyone could have predicted. More and more people are adding digital currencies to their wallets, with 30% of millennials buying cryptocurrencies in recent years.

Marc-Andre Campagna completed his statement with:

This initiative will allow Oxio to lead the charge, offering a crypto-friendly alternative in the connectivity space.

keep things up to date

The company has a history of updating its payment methods. Oxio initially started accepting credit card payments, although it changed things to allow customers to pay directly from their bank accounts. Now, cryptocurrency has been added to the company’s mix of potential options.

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The Bank of Russia allows Sberbank to issue digital financial assets

Sberbank, the largest bank in Russia, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the Ukraine war, including limiting Moscow’s access to the world financial market.

Sberbank added to the Register of Issuers of Crypto Assets of the Central Bank

The Central Bank of Russia (CBR) added Sberbank, the country’s leading banking institution, to its register of information system operators authorized to issue digital financial assets (DFA). The term is used to describe various types of cryptocurrencies in the current legislation of the country. On Thursday, the commercial bank confirmed the news and elaborated:

The accounting and circulation of the DFA issued on the Sber digital assets platform will be carried out in an information system created from a distributed ledger using blockchain technology, which guarantees data security and the impossibility of replacing information.

The largest state-owned banking and financial services company detailed that other legal entities will be able to issue their own digital assets certifying monetary claims to attract investments. Companies will also acquire DFAs issued on the Sberbank platform and conduct other transactions with them in accordance with applicable regulations.

The “On Digital Financial Assets” law, which came into force in January 2021, regulated various activities related to cryptocurrencies, including the issuance of digital currencies and the raising of funds through tokens. However, it did not introduce rules for other major cryptocurrency operations such as mining, trading, and circulation in the Russian economy.

A working group in the State Duma, the lower house of parliament, has been preparing proposals to address the regulatory loopholes. In February, the Ministry of Finance introduced a new draft law “On Digital Currency” that aims to legalize investments in cryptocurrencies, but at the same time consolidate the ban on the use of cryptocurrencies for payments in Russia.

Amid mounting sanctions over the invasion of Ukraine, including in the financial realm, concerns have been raised in the West that the Russian government and sanctioned individuals may turn to crypto assets as a tool to circumvent restrictions.

Recent statements by a member of the regulatory working group in Moscow confirmed Russia’s interest in employing digital currencies to restore its access to global finance. Russian authorities are now proceeding with efforts to legalize the country’s crypto space.

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British Investment Bank HSBC joins Metaverse through Sandbox and Animoca Brands Partnership

British multinational investment banking and financial services holding company HSBC has revealed that it has partnered with blockchain virtual gaming platform The Sandbox. According to the platform’s parent company, Animoca Brands, HSBC is the first global financial services provider to enter the Sandbox metaverse.

HSBC takes a step into the metaverse

Over the past 12 months, Sandbox has attracted a number of companies and celebrities to the blockchain virtual gaming platform. For example, The Sandbox attracted Snoop Dogg, Deadmau5, Atari, The Care Bears, The Smurfs, Gucci, Warner Music Group, Adidas, PWC Hong Kong, Samsung, Square Enix, Ubisoft, and more.

On Wednesday, Animoca Brands and British bank HSBC announced that the companies have signed a partnership agreement and that the global financial services provider will engage with other financial providers and sports communities within the Sandbox metaverse.

“The innovative partnership between The Sandbox and HSBC will see the global financial services provider acquire a share of LAND, virtual real estate in The Sandbox metaverse, which will be developed to engage and connect with sports, esports and gaming enthusiasts.” , says the statement. Ads. in Wednesday’s notes.

The press release highlights a PWC report that estimates the metaverse market will grow from $45.4 billion to $1.5 trillion by 2030. Financial institution HSBC sees significant potential in the metaverse and Web3 in the future.

“The metaverse is how people will experience Web3, the next generation of the Internet, using immersive technologies such as augmented reality, virtual reality and extended reality,” said Suresh Balaji, chief marketing officer for HSBC Asia-Pacific, in a statement. The HSBC executive added:

At HSBC, we see great potential to create new experiences through emerging platforms, opening up a world of opportunity for our current and future customers and the communities we serve.

Native Token SAND hits 336% against the US Dollar in 12 months

The Sandbox blockchain metaverse has seen tremendous growth over the past year, and according to nonfungible.com’s NFT market tracker, Sandbox is the third largest project in the last seven days in terms of sales, with a weekly volume of 7,000. 6 million dollars. Additionally, the project’s native SAND token has gained 336.2% year-to-date, according to current market statistics.

At the time of writing, SAND’s $3.3 billion market capitalization represents 0.18% of the $1.86 trillion valuation of the crypto economy. Following Animoca Brands and HSBC’s partnership announcement, the SAND gained more than 9% against the dollar on Wednesday.

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Multiply with DeFi: Invest in Tether (USDT), Ripple (XRP) and FIREPIN (FRPN)

Decentralized Finance (DeFi) has changed the fundamental design of money to one where all players are treated equally. It allows all transactions to be completely decentralized, meaning that all transactions within the metaverse are not allowed as there is no central organization to oversee payments. By doing this, everyone has the same opportunity to literally multiply their DeFi money.

So what are you waiting for? Here are the top three coins to get you started on your Crypto success journey: Tether (USDT), Ripple (XRP) and FIREPIN (FRPN).

Firstly, we highly recommend investing in Tether (USDT). Because? The USDT value is guaranteed by Tether to remain pegged to the US Dollar. Tether claims to allocate the same amount of USD to its reserves each time it distributes new USDT tokens, ensuring that USDT is fully backed by cash and cash equivalents. Therefore,

making it stand out as a stablecoin.

According to CoinMarketCap, USDT currently ranks third on the ranking list, illustrating a market capitalization of $80,097,806,336. Overall, it provides an easy way for people to globally transfer the equivalent in US dollars via blockchain, without having to rely on a slow and expensive intermediary, for example. a bank.

Another key currency to consider is Ripple (XRP) – a single XRP transaction takes just five seconds to complete and costs just 0.0001 XRP (or $0.00007525), with minimal power usage. As a result, Ripple (XRP) is known to be one of the greenest coins within the Crypto space.

Thus, it illustrates a stark contrast to conventional Bitcoin (BTC). A single BTC transaction can cost up to $40, take up to an hour, and consume up to 250 kWh, which is roughly the same amount of energy a refrigerator uses in a year.

In short, crypto enthusiasts can trust the reliability of XRP as its price prediction is estimated at $4 to $8 by 2025. Thus, it demonstrates great potential.

Get up with FIREPIN (FRPN)…

On a final note, experts advised keeping an eye on the emerging FIREPIN (FRPN). This is a cryptocurrency that will connect Binance Smart Chain (BNB), Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX) and Solana (SOL), allowing holders to use the most efficient blockchain at the optimal time. (depending on congestion). ) to trade smoothly and profitably.

Additionally, holders will be able to earn extra Crypto through their Staking and Farming platform. Therefore, holders of this new currency will benefit by investing in FRPN tokens, as a portion of each transaction will go to the treasury.

Cryptocurrency analysts have stated that FIREPIN (FRPN) will soon become one of the top cryptocurrencies on the market once it officially launches this spring. However, it is worth noting that now is the best time to make an investment as it has already seen increases in value despite being for sale.

Also, the FRPN Value Price Forecast is said to increase from $0.00006 to $0.0008. Therefore, if you were to invest now, it is very likely that you would considerably multiply your initial investment.

To conclude, investing in cryptocurrencies is extremely volatile but has great long-term potential. To invest successfully, you should always do thorough research and carefully assess which projects are truly trustworthy.

In short, FIREPIN (FRPN) is definitely a currency you can trust as it is based on full transparency and openly welcomes anyone interested in the Crypto community.

Remember, to make significant profits in the Crypto space, you don’t need to invest thousands of dollars. Simply ride project waves and invest strategically when currency is cheap. So don’t miss out: buy FRPN tokens as soon as possible to increase your chances of becoming a cryptocurrency millionaire.