After making a daily high of $49,404, Bitcoin underwent a correction and is now trading at $47,069. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $3,227.
Let’s find out some interesting crypto news stories in detail.
1 – Solana Crosses $100 Milestone, Becomes 8th Largest Crypto Asset by Market Capitalization
The coin of the day is the Solana Coin (SOL), which has exploded over 50% in the past seven days. At the time of publication, SOL was trading close to $114. Before that, it surged from $34.36 to a high of $114.43 since the start of this month. Recently, the team also tweeted about introducing “Ignition” on its official media handles.
Impressively, recent developments in the Solana Chain fueled its market cap to a new all-time high of over $33 billion. Further, its network boasts around 1,000 transactions per second with a much cheaper transaction fee as compared to Ethereum. In addition, this price surge boosted SOL coin to flip Polkadot and Uniswap’s market cap and hit a historical milestone to become the eighth-largest cryptocurrency by market capitalization.
1…https://t.co/QKtI2gJulh, coming August 31. pic.twitter.com/UTiWbf2T7n
— Solana (@solana) August 27, 2021
2 – Visa Whitepaper Describes NFTs as Assets Offering New Revenue Streams With Fan Engagement
The Visa NFT whitepaper has declared NFTs as a “promising medium for fan engagement.” Moreover, gaming and NFTs are on the boom nowadays. In addition, Visa mentioned the purchase of its initial NFT, CryptoPunk 7610, for over $150,000.
According to Visa, the payment giant wants to diversify its revenue streams and focus on emerging technology. Hence, NFTs can fulfill these elements and become the primary sources of fan engagement. The report stated that NFTs will also capture the attention of fans. Further, this would improve customer relationships and provide newer revenue streams. Notably, NFT sales are expected to surpass $900 million in the month of August, setting a new industry high.
Uniqly has partnered with Shopping.io to offer diversified payment options in different countries. Shopping.io is a blockchain-based platform that joins major e-commerce websites under one roof. Further, users can use cryptocurrencies as a method of payment for shopping on this website.
Interestingly, Uniqly allows users to create, trade, and stake NFTs while bringing them to life with 3D items. With this integration, Uniqly holders will directly shop on giant websites such as Amazon, Walmart, and eBay through Shopping.io. Additionally, users can avail an extra 2% discount while using their UNIQ tokens to shop for daily items. In addition, SPI token holders will also get additional discounts of up to 12% for purchases made using the UNIQ tokens.
?️ We’re excited to announce our collaboration with @shopping_io
From now on everyone on https://t.co/5cn4Vopcer will be able to make purchases on Amazon, Walmart, eBay using $UNIQ tokens.
— Uniqly.io – Physical NFTs (@Uniqly_io) August 28, 2021
In the last bit of crypto news for today, we have EnjinStarter offering their whitelist. As per the tweet, users can visit whitelist.enjinstarter.com and click register to participate in this whitelisting. In addition, users have to fill in their details and connect their MetaMask wallets.
The team also asked users to complete the KYC process before registering on this launchpad. EnjinStarter is the world’s first dedicated blockchain gaming launchpad centering on game development studios to embrace the ENJIN ecosystem. Hence, gamers can grab this opportunity to enjoy exciting innovative games.
— ENJINSTARTER (@enjinstarter) August 30, 2021
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