January 8: Crypto Summary
PayPal confirms launch of stablecoin. Disney is building its metaverse.
GM frens.
LFG queens and kings!
Markets
Here are today’s market moves:
Here's what you need to know:
Justin Kan’s Fractal NFT gaming market opens VIP club
Fractal is a gaming marketplace for NFTs which airdropped free Fractal NFT tokens to 100k people claiming to be the biggest Solana airdrop ever. Just after two weeks of its debut, all Fractal NFT holders are now eligible to enter their VIP club. This could turn into something like a Bored Ape Yatch Club.
You can finally be a Disney prince/princess!
Disney plans to to connect the physical and digital worlds closely by creating their very own metaverse which allows for storytelling without boundaries! They also plan to do it using Disney+ as the platform for the metaverse.
More recently, Walt Disney received federal approval for a patent to create a virtual world at its theme parks. Disney said the patent will be used to create a virtual world at its brick and mortar venues such as inside a theme park or Disney property.
Majestic and magical we say!
GameStop stock surges in premarket
Our beloved GameStop (GME) has sent its stock flying in the premarket over 20% on news of them building an NFT marketplace for gamers. According to The Wall Street Journal, they have hired more than 20 people so far. GameStop’s marketplace will focus on virtual video game goods such as character outfits and weapons.
Looks like everyone is building an NFT marketplace for gamers. First Fractal and now GameStop.
PayPal launching its own stablecoin
After finding hints of a ‘PayPal Coin’ logo in its iPhone app by developers and customers, PayPal confirmed that it is planning to launch its own stablecoin.
Hidden code and images show work on what is dubbed a “PayPal Coin.” The code indicates such a coin would be backed by the U.S. dollar and was first discovered by developer Steve Moser.
Did you hear?
There’s a new competitor in town. Operator plans to obliterate Amazon in 24 days by creating the first decentralized e-commerce store.
Co-founder and former CEO of Twitter, Jack Dorsey, says Bitcoin will replace the dollar.
Rengoku Legends, an NFT project with very cool art has its pre-sale starting on 15th January at 0.087 ETH as per their discord server and twitter bio. Pretty cool lore and website.