Metaverse Daily for July 22: The price of Bluechip NFT Index plummets; KuCoin to open Metaverse office

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The Metaverse Daily for July 6, 2022

Let’s have a look at today’s Metaverse news.

  • DeFi news: Metaverse Index prices are on the rise. Up by 1.77%, the token is now trading at $43.90. Meanwhile, the price of the Bluechip NFT Index has plummeted and is down to 20.45 ETH, while yesterday, it was still 33.26 ETH.
  • Cryptocurrencies are back in the green. Bitcoin has already made up most of its yesterday’s losses, ether is up by more than 8%, and ApeCoin is again the number one coin by market cap in the metaverse space.
  • A new Balenciaga NFT collection gives people a chance to get historical fashion memorabilia. Balenciaga’s former artistic director Lorenzo Riva turned original Cristóbal Balenciaga drawings have been turned into unique tokens.
  • Usain Bolt has become a brand ambassador for the move-to-earn platform Step App. The gamified fitness metaverse app just launched a beta version.
  • While there are differences between the traditional financial system and the world of cryptocurrencies, the two are more interconnected than one might have thought. Cryptomeria Capital offers a deep dive into the relationship between the crypto-index and the US financial market.
  • Crypto exchange KuCoin has been working on a metaverse office, which will go live on July 28. KuCoin is the first company to team up with Ertha Metaverse. The partnership has resulted in a brand new virtual office where people can trade cryptocurrencies and explore live market charts.

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Karolina Gaszcz

Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.

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