Crypto News: Method Man & Macy’s Drop NFTs, Niantic & Fold Create Bitcoin AR Game, El Salvador to Build First-Ever Crypto City
Welcome to the Netcoins weekly crypto news update!
This week covers some more exciting news from the NFT space as Method Man and Macy’s launch their own collections.
Niantic and Fold launch new a new digital asset game known as “Fold AR.”
El Salvador continues to make moves in the crypto world with plans to build the world’s first crypto-currency city.
Finally, Dating app, Katch, will become the first to enter the NFT space in video dating.
All of that and more on this edition of the weekly crypto news update.
Method Man Drops NFT Comic Characters
Famous rapper Method Man drops a new single and a limited edition NFT collection that introduces the first five Tical Universe comic characters.
Method Man’s new song, “New Old School,” that dropped last week coincided with the NFT comic characters in the Genesis NFT collection and will be stored in the TuneGO Vault on Flow.
The collection will feature artwork from New York artists Alex Smetsky and Aleks Sinyuts.
Niantic and Fold Create Bitcoin AR Game
Niantic, creators of the massive hit Pokemon GO, and a FinTech debit card company called “Fold” have launched a new game titled “Fold AR.”
Fold AR is an augmented reality game focusing on Bitcoin and other digital assets. The game does not incorporate NFTs. Instead, the game circulates on Bitcoin and earns the top digital assets with its offering, giving users the opportunity to earn in the process.
The game will be a “play-to-earn” title that focuses on going around to different places and completing challenges, similar to Niantic’s other AR games.
Macy’s Launches Free NFTs to Celebrate the 95th Thanksgiving Day Parade
To celebrate the 95th annual Macy’s Thanksgiving Day Parade, American chain Macy’s decided to release a collection of NFTs.
Macy’s has partnered up with Make-A-Wish® Foundation, one of their long-time charity partners, to offer a collection of limited-edition NFT’s, which honour the rich history of the Macy’s Thanksgiving Day parade tradition. Macy’s released their series of parade-themed NFTs on Thanksgiving Day, November 25th.
The 9,500 free generative NFTs drop includes NFT’s featuring iconic balloons from nine decades of Macy’s Parade history.
El Salvador to Build First-Ever Crypto City
In partnership with digital assets firm Blockstream, El Salvador plans to build the world’s first cryptocurrency city.
Blockstream and El Salvador plan to raise about $1 billion for a “bitcoin bond.” Half of the fund will purchase more bitcoin, while the other half will be used for energy and bitcoin mining infrastructure.
The crypto-city will reportedly be built next to the Conchagua volcano in southeastern El Salvador and will have an airport and commercial and residential areas. The proximity to the volcano facilitates geothermal energy for the project, which is set to begin in 2022.
Dating App Katch To Integrate NFTs
Dating app Katch will become the first to enter the NFT space in video dating by mid-December.
According to the company, the NFTs will be used to “navigate towards creating the dating experience into the metaverse.”
Users of the dating network will have their pictures and videos converted into animated NFTs and placed onto the OpenSea platform.
The NFTs can be purchased and traded, similar to how you would like a picture on other social media platforms. Users will also receive 10% of the resale value of the NFTS.
That’s it for this week’s news. If you want to join the digital asset space, sign up for a free account with Netcoins today, Canada’s most trusted cryptocurrency exchange.
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Written by: Jack Choros
Writer, content marketing at Netcoins.