News Report
July 06, 2022

The Metaverse Daily for July 6, 2022

Here’s the overview of the most important news from the last 24 hours.

  • Let’s have a look at some DeFi data. The price of the Metaverse Index has dropped a bit since yesterday, now trading at $36.76. Meanwhile, the Bluechip NFT has plummeted, now trading at 21.91 ETH, losing nearly a third of its price overnight. With crypto winter raging on, OpenSea sales are also constantly dropping.
  • Cryptocurrencies are still unstable, with prices constantly going up and down. Overnight, bitcoin’s price jumped by $2,600, but it then plummeted again, and it’s now trading at $20,135.48. Decentraland’s MANA took over Flow’s position as cryptocurrency #1 among the metaverse cryptocurrencies by market cap.
  • RTFKT Studios releases new utilities for Clone X NFT owners. On July 5, holders received full commercial rights to the avatars—they could access 3D files online and use avatars to mint fanart NFTs, issue merchandise, and generally make a profit.
  • Despite China’s stance on cryptocurrencies, China’s Tencent is experimenting with NFTs. China’s largest tech brands Tencent, Ant Group, and Alibaba pledged to ban cryptos, but NFTs, or as the Chinese call them, digital collectibles, are considered “digital cultural creativity.”
  • Ethereum postpones the merger between consensus-level Beacon Chain and execution-level Mainnet until the fall. Officially, developers delayed Ethereum’s built-in “difficulty bomb,” which was created to avoid the Ethereum blockchain’s split.
  • Decentraland announces a partnership with pre-licensed music platform Lickd who will be responsible for creating soundtracks for Vegas City. Additionally, companies created curated playlists and radio channels.

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Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

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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Karolina Gaszcz
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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