Daily Crypto News December 21, 2021: Top 3 Crypto Updates For Today

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Every day a new company joins the list of Metaverse explorers. It appears that Metaverse has indeed become the playground for the major tech giants. Recently, during a question-and-answer session on Instagram, the CEO of Instagram announced that he is actively studying the NFT space. They want to help creators through their social media platforms. Does this mean that social media influencers might one day sell their NFTs on Instagram? Read more in detail below.

Adidas made a $ 23 million sale in a single afternoon after its NFT crash. NFT’s drop consisted of 30,000 original Adidas NFTs that made a sale of $ 23 million, placing Adidas at the top of the charts. Read below in detail what caused the NFT to abandon this success.

After Nike, Meta and Adidas along with several other companies that have jumped on the metaverse train, it’s time to add a new addition to the list. Alibaba has implemented a new gaming unit to explore the potential of the metaverse gaming industry. Find out what the company is doing and what their Metaverse plans are.

Quick summary of crypto news!

Daily Crypto News December 21, 2021 Instagram CEO Announces He ‘Actively Explores’ NFT Integration

Social media giant Instagram is broadening its horizon by actively participating in the integration of non-fungible tokens (NFTs). According to company CEO Adam Mosseri, the platform is actively studying the NFT industry and ways to make it accessible to the growing user base. Mosseri made the announcement during a question-and-answer session on Instagram this weekend. While there is no official announcement yet, things appear to be happening behind the scenes.

The idea is to help content creators explore more and help them with the NFT industry. One idea is to tag publications that offer NFTs as collectibles.

Learn more about Instagram’s NFT business and what it means for social media creators and influencers.

Source: Cryptopotato

Alibaba also joins the Metaverse group by creating a new unit for metaverse games

All the big brands are getting into the Metaverse movement and the latest addition to this list is Alibaba Group Holding. This Chinese multinational tech giant is said to have built its gaming unit to explore the potential of these metaverse games. This happened a month later, the company launched its Metaverse exhibit.

The name of the game unit was given after the Chinese name of “Yuanjing Shengsheng” which means the old universe. This shows how much Alibaba intends to join the metaverse. The metaverse space is slowly turning into the playground of great institutional giants such as Meta, Adidas, Nike and now Alibaba.

Read in detail about Alibaba’s next step in the Metaverse.

Source: BTCpeers

Adidas drops its first Ethereum NFT that tops the charts by $ 23 million

Would you believe it if we said that Adidas made a whopping $ 23.4 million in just one afternoon? Now, you got to believe it because it really happened. With Adidas’ first NFT “Into the Metaverse” it made so much money in just one afternoon. Selling the collection over the past 24 hours has earned it the ranking as the most popular NFT project in the world.

This NFT drop was a collaboration between Bored Ape Yacht Club, a private NFT gmoney collector and Pixel Vault, creator of the PUNKS NFT comic book. These plans were first revealed by Adidas in early December when they claimed Bored Ape and presented the plans for the Adidas clothing.

Learn more about Adidas’ hot NFT drop.

Source: Decrypt

Crypto Market Trend December 21, 2021

Here’s a quick rundown of the top crypto winners and losers of the day.

Top 3 crypto winners

Cryptocurrency Price (No later than December 21, 2021)% Helium Change (HNT) 2,815.42 12.25% Avalanche (AVAX) ₹ 9,257.85 10.18% THORChain (RUNE) ₹ 536.45 10.91%

* Prices are no later than 11:50 a.m. on December 21, 2021. *

Top 3 crypto losers

Price of the cryptocurrency (no later than December 21, 2021) Change in% PancakeSwap (CAKE) 951.30 3.96% dYdX (DYDX) 598.96 1.88% Hedra Hashgraph (HBAR) 24.34 1.95%

* Prices are no later than 11:50 a.m. on December 21, 2021. *

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