Cryptocurrency Corner – launches Emirates Metaverse and NFT platforms; will we pay for the cinema in dogecoins?

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Bitcoin and Ethereum are struggling after last week’s weakening

Both bitcoin and ethereum are currently struggling after a significant weakening last week. Bitcoin saw a price change last week and crossed $ 41,000 on Thursday, falling below $ 38,500 on eToro on Monday. It is currently just over $ 40,000. Ethereum also crossed $ 3,100 on Thursday before lightning approached $ 2,900. But today it rose slightly above $ 3,000. The fluctuating prices of both cryptocurrencies demonstrate the difficult market available to cryptocurrency investors as they monitor risk assets facing current events – which has not traditionally been such a problem. However, the rise of global prices and interest rates, geopolitical problems and other problems, the waterfall of post-pandemic events are dragging investors towards “real” assets such as gold and others. Cryptocurrencies have to work hard in this environment, but so far it seems to be firmly established. The market will wait for price and exchange rate expectations to begin to fall and to ease tensions in Eastern Europe. The first seems possible now, but the second is still a long way off.

The Ethereum Foundation owns 19 percent. non-cryptographic assets

The Ethereum Foundation, which manages Ethereum’s blockchain development financing, has announced its latest packages, which currently cover 19 percent. non-cryptographic assets. It currently holds about $ 302 million in non-cryptocurrency assets and investments, which it claims to help provide a greater margin of safety against recessions in the cryptocurrency market. As for cryptocurrency resources, more than 99 percent. Located in Ethereum. While it is worth noting that one of the most important organizations in the development of the world’s second largest blockchain has a large amount of non-cryptographic assets, this is not a big surprise. The fund has not disclosed what these non-crypto assets are, but it is likely to be fiat currency. The reality is that normal users and investors, even major cryptocurrency funds, still need to be able to connect to both traditional and crypto-financial infrastructure, which makes portfolio consolidation important. It also shows good risk management by diversifying your asset base – something that all investors should keep in mind with any major asset class. Given the delayed merger and the soft appearance of the markets, the decision to keep some different assets seems wise. Ethereum is heading for a new era, but there will definitely be holes along the way. In this context, diversification simply makes sense.

Emirates launches Metaverse and NFT

Emirates, a major airline in the United Arab Emirates, has announced plans to offer NFT and Metaverse solutions for its employees and customers. As with many Metaverse and NFT projects already announced, the details of what Emirates intends to do with its proposal are unknown. However, as an airline, you can imagine NFT being used as part of your loyalty program, while Metaverse experiences would be a good way to diversify your time on your flight to Dubai. The steady flow of large companies announcing such projects shows us that technology is constantly evolving. The oil market has suffered from significant weakness over the past few months, but in reality we are at a stage of development where the initial hype has subsided and companies are developing tangible products. As for the metaverse, we are in a similar situation where many projects are engaged in expanding their offerings, but the scene is a bit weak. However, we know from the eToro platform that investors are very interested in tokens related to the development of metaversion, including cryptocurrencies such as MANA, SAND or ENJ.

Pay with dogecoin for movies

Movie lovers can now pay for tickets to AMC cinemas with Dogecoin or Shiba Inu coins. Last November, the company announced that it was looking for ways to accept cryptocurrencies as payments, and this has already become a reality with the application that uses Bitpay when making payments. This is an interesting development for both tokens, which have had different levels over the past few months. While this development is unlikely to significantly change the situation, it reflects the growing integration of cryptocurrencies into key financial infrastructure. Cryptocurrency owners are gaining access to more tools and services every day, and this ultimately goes in only one direction. AMC is unlikely to benefit much from the influx of cryptocurrencies chosen as an advertising ploy, but AMC is the only company in the ocean of opportunities. The more tokens like Dogecoin and Shiba Inu are accepted, the farther away they will be from the fiat currency, which will ultimately be positive for cryptocurrencies.

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