Metaverse Crypto the Sandbox (SAND) Announces Partnership With World-Renowned Music Label

Gaming altcoin The Sandbox (SAND) is unveiling a joint metaverse venture with one of the biggest music labels in the world.

In a new blog post, land-focused virtual reality crypto The Sandbox says that it’s partnering up with the world-famous Warner Music Group to create the first-ever music-themed world within the metaverse.

Warner purchased what is equivalent to beachfront property as an in-game ESTATE, which they plan on turning into a hybrid of a musical theme park and a concert venue for Warner’s vast array of leading musical artists to perform for and interact with their fans.

Warner chief digital officer of business development Oana Ruxandra says,

“Our partnership with The Sandbox adds a new layer of possibility in the metaverse, with the ownership of virtual real estate. As a first-mover, Warner Music has secured the equivalent of a beachfront property in the metaverse.

On the LAND, we’ll develop persistent, immersive social music experiences that defy real-world limitations and allow our artists and their fans to engage like never before.”

To mark this partnership, SAND will be holding a sale of in-game LAND non-fungible tokens (NFTs) that are adjacent to the property purchased by Warner at a later date, according to the post.

This isn’t the first time the world-famous music giant partnered up with a cryptocurrency firm as the company threw its weight behind decentralized finance (DeFi) protocol Flow (FLOW) in 2019.

SAND is exchanging hands at $3.43 at time of writing, a 27.5% increase from its seven-day low of $2.69.

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Video-Sharing Giant YouTube Says Its Ready To Embrace This Sector of the Crypto Market

A top executive at YouTube is unveiling the video-sharing giant’s plans to adopt elements of Web3 into its platform.

In a new company blog post, YouTube CEO Susan Wojcicki says that non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) are areas of strong interest to the flagship video-sharing website.

“We’re looking further ahead to the future and have been following everything happening in Web3 as a source of inspiration to continue innovating on YouTube.

The past year in the world of crypto, non-fungible tokens (NFTs), and even decentralized autonomous organizations (DAOs) has highlighted a previously unimaginable opportunity to grow the connection between creators and their fans.

We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube.”

By moving into the NFT space, the video-hosting behemoth would be following in the footsteps of other social media giants such as Twitter and Reddit, which both recently launched test versions of a feature that lets users set NFTs as their profile pictures.

Wojcicki’s announcement comes on the heels of YouTube’s parent company Google forming a unit dedicated to researching blockchains and other technologies centered around crypto assets.

This isn’t the first time Google ventured into the world of crypto, having previously teamed up with top US-based crypto exchange Coinbase and payments provider BitPay to load cryptocurrencies onto digital cards while having users pay for them in fiat currency.

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Ethereum Adoption Is in Overdrive Despite Crypto Market Downturn: Altcoin Daily

The host of popular YouTube channel Altcoin Daily says that the money keeps pouring into Ethereum (ETH) despite the market dip.

In a new video, Altcoin Daily co-host Austin Arnold says developers continue to build on Ethereum regardless of market conditions.

“Even though we are watching prices consolidate and decline in the short-term, the building continues.”

Arnold points to plans announced by Ethereum-based metaverse platform The Sandbox (SAND) to start a $50,000,000 accelerator fund for metaverse startups.

“This is a huge injection of cash into the Ethereum metaverse, The Sandbox. Because of this, we are about to see a lot of building…

This isn’t just going into The Sandbox metaverse. It’s going towards building an interoperable, open network in general.”

Looking to the future, Arnold says the Ethereum scalability issues will be solved, in part, by zero-knowledge (ZK) roll-up technology, a scalability solution that runs computations off the chain and then submits a validity report.

“[ZK roll-ups make Ethereum] a little more private, a whole lot more scalable, and BitDAO just launched this $200 million initiative to advance Ethereum scaling endeavors. Progress is happening.”

According to Arnold, decentralized autonomous organization (DAO) BitDAO is launching a fund backed by big money to improve Ethereum’s scalability.

“What about scaling? Well, BitDAO just launched a $200 million zkDAO to advance Ethereum scaling via zkSync…

Major players are backing this scaling solution of zkSync through this DAO.”

According to the Altcoin Daily co-host, one nascent crypto sector will boost Ethereum even further – non-fungible tokens (NFTs).

App research Nima Owji recently revealed the social platform Reddit will soon allow users to set any NFT as their profile picture.

Reddit has already been dabbling in the world of NFTs, releasing their own line of Ethereum-minted digital collectibles called CryptoSnoos.

While Arnold is quick to point out that the NFT profile pictures are just a test, he also reminds his viewers of how huge an adoption event this could be for crypto.

“Reddit trial will allow users to set any NFT as their profile picture…

While this is only being tested, at the moment, it is pretty cool to see. Reddit obviously has tens if not hundreds of millions of active daily users on their platform… it should be clarified at the moment, though Reddit has stated that this is a small, internal test.”

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Several Factors Will Send One Ethereum Competitor to the Moon Over the Coming Months, According to Altcoin Daily

Altcoin Daily host Aaron Arnold is looking under the hood of a layer-1 blockchain protocol that has recently been hampered by network performance issues.

In a new video, the closely followed trader tells his 1.2 million subscribers that Solana (SOL) looks primed to rebound from its rough start to 2022 and surge ahead in the coming weeks.

Arnold notes that first and foremost will be to resolve the network being overloaded.

“The TLDR is, with all their success, their biggest issues over the past year has been performance problems because the network was getting used too much.

Well, they’ve been thinking about this a long time, and in the next four to five weeks, this will be solved.”

Solana Labs co-founder Anatoly Yakovenko took to Twitter to discuss upgrades after liquidator bots started flooding the Solana network with spam messages.

“These messages unearthed a bug in how the network was handling duplicates. The code responsible for deduping [eliminating duplicate copies of] messages was after the signature verification, and was taking up to 100us per packet to process. That was fixed in [version] 1.8.14.

Since then, the network has seen much better performance, but there is still some starvation happening from liquidator spam.

Engineers plan to introduce flow control in 1.9 with QoS [quality of service] by stake weight, but now implementing this feature in 1.8 is the highest priority.

The implementation uses QUIC to rate limit senders, and should be rolled out in the next 4-5 weeks.”

In a series of leaked images, technology blogger Jane Manchun Wong revealed to her 132,000 followers that she uncovered how non-fungible token (NFT) marketplace OpenSea plans to add Solana NFTs to its platform.

Solana has already made a huge impact in the NFT space, first breaking into the top-5 NFT blockchain rankings back in November, and is now ranked second behind Ethereum, according to data aggregator CryptoSlam.

The Altcoin Daily host also mentions that SuperLayer, the venture studio behind the Rally Social Token (RLY), will harness the Solana network to host its RLY-powered consumer products.

“Great news for Solana. Social tokens are still pre-mainstream, we’re very early on that.”

Solana is down 8.97% on the day and trading for $90.22 at time of writing. This continues a downtrend for SOL, which has fallen 48.1% in 2022 from $173.62.

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Facebook and Instagram Plan on Integrating NFT Marketplace Into Social Media Platforms: Report

Facebook and Instagram are reportedly planning on integrating a non-fungible token (NFT) marketplace into their social media platforms.

According to a report from The Financial Times, Meta, the owner behind the two tech giants, seeks to join a myriad of other companies riding the wave of NFT adoption.

FT says that teams at Facebook and Instagram are preparing features to let users mint their own NFTs and display them as profile photos.

Two of FT’s sources also said that Meta is preparing a complete NFT marketplace, though the details on the project are limited at time of writing.

Meta’s embrace of the sector comes shortly after fellow social media giant Twitter started allowing its iOS users to display NFTs in their profile photos.

Facebook made its first major hint about an entrance to the NFT market in August when Facebook Financial head David Marcus said the company was “definitely thinking” about it.

“Thinking about the metaverse as a fully digital environment is actually super helpful when you design products that need to be future-proof. When I look at what’s going to be needed in the metaverse, it’s really seamless movement of value, and for that, we need a new infrastructure, interoperability, because you’ll want to have multiple wallets able to participate in a metaverse.

And I think having programmable money and having smart contracts on top of a purposefully built blockchain is going to be transformational for the metaverse. Because if you’re a creator, if you’re creating an NFT, you may want to rent your NFT or sell your NFT, you’ll have to store your NFT. And you can think of all kinds of new business models around this that are not possible with the current payments infrastructure and without smart contracts.”

Meta has not made any public comments on the new push for NFT adoption, according to FT.

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Coinbase Partners With Payments Giant Mastercard in NFT Initiative

Top US crypto exchange Coinbase is striking a partnership deal with payments giant Mastercard in preparations for a new non-fungible token (NFT) marketplace.

The partnership comes following the exchange’s announcement in October that it is launching Coinbase NFT,  a peer-to-peer marketplace where users can mint, showcase and buy NFTs.

NFTs are one-of-a-kind digital goods such as images, in-game items and collectibles that are minted on a blockchain. Coinbase says that its partnership with Mastercard will help simplify the process of buying and selling these crypto assets.

“We’re working with Mastercard to classify NFTs as ‘digital goods’, allowing a broader group of consumers to purchase NFTs. And, coming soon we’ll ‘unlock’ a new way to pay using Mastercard cards.

We’ll be able to provide a better customer experience on Coinbase NFT, and plan on working to find ways to bring this opportunity to the broader ecosystem through Mastercard’s scale and global network.”

During Coinbase’s Q3 earnings call in November, the firm’s CEO, Brian Armstrong, said that the exchange wants an NFT marketplace with an Instagram-style interface so users can easily use the platform.

In December, Coinbase announced that a new upgrade of its browser wallet will allow users to access NFT marketplaces.

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Cardano (ADA) Metaverse Launches With Thousands Investing in Its Digital Real Estate

Play-to-earn gaming and non-fungible token (NFT) project Pavia is premiering on the Cardano (ADA) network months after the fifth-largest blockchain by market cap rolled out smart contract features.

In a press release, Pavia says that it is the “first Cardano metaverse,” a virtual reality space that allows real-world activities and forms to be replicated digitally.

While the Cardano network is named after the Italian mathematician Gerolamo Cardano, the Pavia metaverse project is named in honor of the mathematician’s birthplace – Pavia, Northern Italy.

The metaverse project says that it has approximately 100,000 NFT land parcels and 60% have already sold out. Pavia says that 29,000 land parcels were sold during the first phase and 31,000 land parcels during the second phase of the virtual land sales.

The digital land sales occurred between October and November of 2021 and there are now more than 8,300 virtual landowners in the Pavia ecosystem. Pavia also says that the NFT landholders received its in-game token, PAVIA, as an airdrop following a December of 2021 blockchain snapshot.

According to Pavia, buyers from the US and the UK were restricted from participating in the land sales “due to regulatory uncertainty.” The metaverse project says the final land sales will occur in the first quarter of 2022.

The Pavia land parcels are currently selling for as low as 750 ADA, approximately $1,110, and as high as 850,000 ADA, about $1.26 million, on the Cardano NFT marketplace CNFT.

ADA is trading at $1.48 at time of writing.

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Retail Giant Walmart Files Trademarks for Its Own NFT Marketplace and Cryptocurrency

New trademark documents indicate retail giant Walmart is interested in joining the world of non-fungible tokens (NFTs) and crypto.

According to the U.S. Patent and Trademark Office (USPTO), the retail corporation has submitted a United States trademark application for an NFT marketplace that provides a platform for “buyers and sellers of downloadable digital goods authenticated by non-fungible tokens.”

In a separate application, Walmart filed for a virtual currency trademark relating to “financial transaction services involving cryptocurrency non-fungible tokens and blockchain technology.”

A third application involves software associated with cryptocurrencies that “allows users to perform electronic business transactions via a global computer and communication networks.”

Walmart filed all three applications on December 30th, and they are all currently live and awaiting examination from the USPTO.

The applications are not Walmart’s first foray into the world of crypto.

In August, the megastore announced that it was looking for a cryptocurrency product lead to spearhead the company’s digital currency strategy.

And in October, the company rolled out 200 Bitcoin-dispensing kiosks in collaboration with the digital currency exchange platform CoinMe and coin-cashing machine company Coinstar.

Walmart was also subject to a hoax in September when prominent media networks spread false information indicating the company was partnering up with popular peer-to-peer payments network Litecoin (LTC).

Walmart follows in the footsteps of Facebook and sportswear giants Nike and Adidas, all of which appear poised to take on the metaverse.

Facebook rebranded to “Meta” in October, with the company’s CEO Mark Zuckerberg announcing new plans to build the metaverse.

Nike filed a trademark application that same month for products involving “downloadable virtual goods… for use online and in online virtual worlds.”

And the Adidas Originals Twitter account announced in early December that it was partnering with premier NFT brands and influencers to explore the metaverse.

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Fidelity Says What We’ve Been Thinking: Countries & Central Banks Will Buy BTC

Surprising the world, Fidelity predicts what Bitcoin’s game theory implies. It’s as Satoshi Nakamoto said, “It might make sense just to get some in case it catches on.” That’s the exact same conclusion that Fidelity reaches in its “Research Round-Up: 2021 Trends And Their Potential Future Impact” report. Take into account that Fidelity is a multinational financial services corporation, it doesn’t get more mainstream than this.

What did Fidelity say about Bitcoin adoption at the nation-states and central bank level? 

They put it very clearly:

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“We also think there is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their peers. Therefore, even if other countries do not believe in the investment thesis or adoption of bitcoin, they will be forced to acquire some as a form of insurance. In other words, a small cost can be paid today as a hedge compared to a potentially much larger cost years in the future.” 

In other words, It might make sense just to get some in case it catches on. And, as Stacy Herbert said, “First mover advantage goes to El Salvador”. At least if we’re talking out in the open, because other countries might be accumulating Bitcoin on the down-low. For example, Venezuela seized a lot of ASICs from private miners. Chances are those are active in a warehouse somewhere. And, of course, there are rumors that the USA is already mining.

In any case, what does Fidelity conclude?

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“We therefore wouldn’t be surprised to see other sovereign nation states acquire bitcoin in 2022 and perhaps even see a central bank make an acquisition.”

If those players do it in the open, it will probably trigger a race like no other. A race in which it will be too risky not to participate. 

Speaking About Bitcoin Mining…

Fidelity’s report summarized 2021, it goes through most of the major stories that NewsBTC has covered ad nauseam. The company doesn’t try to figure out why did China ban Bitcoin mining, but it highlights how fast the hashrate recovered

“The recovery in hash rate this year was truly astounding and one that we think demonstrates several issues that will be important to keep in mind for 2022 and beyond.”

The Fidelity report also highlighted how well the network responded. “This has now been tested and bitcoin’s network performed perfectly.”

BTCUSD price chart for 01/17/2021 - TradingView

BTC price chart for 01/17/2022 on Eightcap | Source: BTC/USD on TradingView.com

What Does Fidelity Say About The Ecosystem In General?

The report wasn’t exclusively about Bitcoin, they also identified the biggest trends in the wide crypto sphere.

“The biggest non-Bitcoin themes put on display this past year included the massive issuance of stablecoins, the maturation of decentralized finance, and the early days of non-fungible tokens.”

And about those trends, Fidelity predicted:


  • “The growth in interconnectivity between siloed blockchains”


  • “Traditional fintech companies partnering or building capabilities to interact with DeFi protocols”


  • “The dawn of decentralized algorithmic stablecoins has officially begun.” Responding to the “growth in demand for more regulated, centralized stablecoins.”


  • “While the long-term value of these NFTs is not known, the impact of increased digital property rights for art, music, and content is likely to be meaningful in some form.”

In general, Fidelity thinks that investment in digital assets will keep growing:

“Allocating to digital assets has become far more normalized over the past two years for all investors. The Fidelity Digital Assets 2021 Institutional Investor Survey found that 71% of U.S. and European institutional investors surveyed intend to allocate to digital assets in the future. This number has grown across each individual region of the survey for the past three years, and we expect 2022 to show another year of higher current and future asset allocations to digital assets amongst institutions.” 

However, something has to happen to catalyze widespread institutional adoption. “The key to allowing traditional allocators to continue to pour capital into the digital asset ecosystem revolves around regulatory clarity and accessibility.”

Is 2022 the year of regulatory clarity? What will happen first, institutional adoption of cryptocurrencies or nation-states adoption of Bitcoin? What central bank will earn first-mover advantage? Burning questions for the year ahead.

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Two Crypto Sectors Growing Rapidly, Defying Overall Market Correction: DappRadar

Two nascent crypto sectors are bucking current crypto trends and rapidly growing despite a stumbling market, according to blockchain tracker DappRadar.

Per a new report, the popularity of non-fungible tokens (NFTs) and blockchain gaming are at least partially driven by interest from the Asian markets.

DappRadar says countries like China, Indonesia and India are exploding in terms of user base, overtaking the US as the epicenter of activity.

“The Asian market continues to increase its footprint within the industry overall. 

With a high interest in blockchain games and the potential for NFTs, the Asian region is undoubtedly one to closely monitor.”

The report highlights that the two crypto sectors appear unaffected by the macro factors that influence the rest of the digital markets, and instead exist in their own independent ecosystems.

DappRadar predicts that NFTs and gaming will continue to grow on the back of emerging use cases and mainstream adoption.

“Both NFTs and blockchain games performed strongly in 2021, and it appears that the trend will continue. Especially when considering the upcoming project releases and the potential use cases for both ends.

While the price of cryptocurrencies is volatile by nature, the adoption, volumes, and usage of blockchain games and NFTs have only increased constantly. It will be interesting to see whether maturity in both spaces will generate sensitivity to the price of their underlying tokens.”

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Bitcoin (BTC) $ 38,877.42 0.14%
Ethereum (ETH) $ 2,125.09 1.47%
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