Incrypted Daily: People Bought $ 300 Million in Virtual Lands in a Week

Good morning, Incrypted with you!

Today digest:

  • Alameda Research raised $ 35 million for Stacked app
  • Saxo Bank: NFT May Bust Spotify and Apple Music
  • BitMart CEO disclosed details of the theft for $ 196 million in cryptocurrencies
  • User paid $ 576 12 to become Snoop Dogg’s metaverse neighbor
  • Time is heading towards the digital era. Century-old magazine sees huge potential in Web 3.0
  • Binance crypto exchange will do everything to stay in the UK market – said the CEO of the company
  • For a week, people bought virtual lands on 300 million dollars
  • Celebrating Pizza Day. How an American bought a record-high pizza and turned the world of cryptocurrencies


Alameda Research raised $ 50 million for Stacked app

Alameda Research привлекли $35 млн для приложения Stacked a Series A funding round led by Alameda Research and Mirana Ventures, a venture partner of Bybit and BitDAO.

“It is no coincidence that some of the largest American exchanges topped this round. These and other platforms have been our partners since our inception, giving their users the opportunity to get acquainted with automated investment tools. ”


Saxo Bank: NFT Can Go Bust Spotify and Apple Music

NFT может разорить Spotify и Apple Music NFT может разорить Spotify и Apple Music

Spotify does not disclose how much it pays artists. But some say it’s about $ 1 for every 20579 views. Saxo Bank Cryptanalyst Mads Eberhard explains:

“It really doesn’t matter what kind of music a user listens to, their money doesn’t go directly to their favorite artist. Funds go to the general pool, and then from it the royalties are paid to the artists depending on their share of the total number of plays. ”

Another problem is the high commissions for which Spotify is famous and Apple Music. According to Mads Eberhard, musicians can opt out of such services and offer their songs directly to the audience. Blockchain networks with support for smart contracts will help here. The artist will be paid in real time with no commissions.


BitMart CEO disclosed details of the theft for $ 169 million in cryptocurrencies

Гендиректор BitMart раскрыл детали кражи на $196 млн в криптовалютах Alameda Research привлекли $35 млн для приложения Stacked

The head of the BitMart crypto exchange revealed the details of the hacker attack, as a result of which users lost $ 169 million dollars.

As it turned out, hackers stole a private key and attacked more 22 BSC tokens. As a result, they stole $ 169 million on the Ethereum blockchain and $ 71 million on Binance Smart Chain.

These are assets such as SAFEMOON, X2P, FLNS, BabyDoge, HERO, STARSHIP, FLOKI, JULb, CMCX, GMR, SPE, BETU, GMEX, ZOE, MOONSHOT, BPAY, STACK, EnergyX, BSC-USD and BNB.

Then the hackers used DEX aggregator 1inch, exchanged stolen tokens for ether and transferred it all to Tornado Cash ….


User paid $ 446 000 to become Snoop Dogg’s neighbor metaverse

Пользователь заплатил $450 000, чтобы стать соседом Snoop Dogg в метавселенной Snoop Dogg metaverse – Snoopverse NFT может разорить Spotify и Apple Music

Last week Snoop Dogg start build a virtual version of your California mansion. Earth is located in The Sandbox, a decentralized metaverse game on Ethereum. And the rapper already has a first neighbor. The land next to the virtual version of the Snoop estate was sold for almost 96 12 SAND. The cost of these tokens at current prices is about 576 thousand dollars.

In response to this news, Snoop Dogg tweeted: “Will you become my neighbor?”

The virtual world of Snoopverse consists of three “villas”, one of which was bought by almost half a million dollars. The other two mansions were sold for 60 11 and 70 11 SAND (approximately 410 11 and 410 11 dollars).


Time is heading towards the digital era. Century-old magazine sees huge potential in Web 3.0

NFT может разорить Spotify и Apple Music

At the end of March, one of the most conservative editions Time launches its own collection of NFT covers on the market based on ETH. The sale of tokens brought the magazine 450 thousand dollars on the air. And that was just the beginning.

Grossman was stunned by the success of the sale of the Nyan Cat digital token, which was sold for 600 one thousand dollars. And it convinced him that the future is digital.

The magazine has partnered with Grayscale to create educational content in the crypto area. The publication even got a digital subscription for cryptocurrency.

“We take this very seriously. We have worked 100 years and we want to hold out on the market for the same amount of time, ”said the president of the publication.


Crypto-exchange Binance will do everything to stay in the UK market – said the CEO of the company

Binance предложит свои акции государственным фондам.
Source: coingape

Despite the tightening of regulations, as well as close scrutiny from the Financial Conduct Authority (FCA), Binance continues to expand into the UK market. The general director of the exchange said that he intends to create a full-fledged representative office here.

On Saturday, December 4, Binance CEO Changpeng Zhao announced that the company intends to expand its operations in the country. This means that the exchange will need an official representation.

According to the CEO, the company will not only apply for a license with the FCA, but also intend to hire several former employees of the supervisory agencies. They will provide consulting services and monitor compliance with all regulatory requirements.


For a week, people bought virtual lands on 220 million dollars

За неделю люди купили виртуальные земли на 300 млн. долларов

Huge capital flows into Metaverse. Over the past week, people have made purchases here for more than 338 million dollars. This data is provided by the NonFungible platform.

Analysts have calculated that a quarter of all NFT sales are in virtual lands. During the week, more than 20576 transactions were carried out here.

The Sandbox platform became the leader in sales in Metaverse, in 7 days it earned over 70 million dollars. Snoop Dogg brought in the most investments, he acquired a huge is currently planning to build a digital residence for Snoopverse. Also, The Sandbox works with the brands deadmau5 and Adidas.

“The metaverse is undoubtedly a mega-hit in the NFT space. They generate record sales, are constantly growing in value and have become a new key commodity in the cryptocurrency space ”


What else was important

  • FTX CEO Sam Bankman-Fried plans to raise $ 1.5 billion in investments for FTX and the American FTX.US platform.
  • According to The Block Research’s Crypto Unicorn Index, this year, the number of crypto unicorns has grown to 67, including exchanges, infrastructure and gaming companies.
  • The DeFi cross-chain protocol Rikkei Finance, which we wrote about earlier, announced a second IDO on Huobi Primelist.
  • Tech Veteran Brian Roberts joins OpenSea NFT Marketplace as Chief Financial Officer (CFO).

За неделю люди купили виртуальные земли на 300 млн. долларов

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