Daily Crypto News and Updates – January 19, 2022

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Another day in the crypto-verse and a lot of things are looking new and exciting. Today on Cryptocurrently, we analyzed the latest crypto news of the recent price rise of the NEAR token. Near Foundation recently raised $150 million with big names in the crypto space. This fundraiser is believed to be one of the reasons for the recent price spike of the NEAR token which was near $20.

The NFT craze is here to stay. After big names like Nike, H&M, Adidas and others entered the metaverse and NFT market space, Walmart also filed 7 US patents to provide services to its online community through virtual currency and NFTs . Is Walmart ready to take over the NFT space? Read in detail below.

A new NFT marketplace is here to compete with OpenSea called LooksRare. It has attracted considerable attention in recent days and the most amazing fact about this newcomer is that it came to block on January 10, 2022. It had 36% more USD volume on January 11 compared to OpenSea . Fascinating, right? Read more in detail below.

A quick roundup of crypto news!

Daily Crypto News January 19, 2022 $NEAR Jumps to New ATH Above $20 After Protocol Raises $150M

The Swiss non-profit organization, Near Foundation, announced the closing of $150 million raised from various leading crypto investment firms. According to one of CoinDesk’s reports, the NEAR Foundation arranged this $150 million funding round led by Three Arrow Capital. According to the report, several big names in the crypto space participated in the funding round, such as Gradgonfly Capital, Andreessen Horowitz, Zee Prime, Amber Capital, and Mechanism Capital, among many names.

After the close of this funding round, the NEAR token saw its price increase and almost created an all-time high of $20.

Read more about the new projects Near Protocol has in store and how they will affect its price value.

Source: Cryptoglobe

Further Reading: Close Protocol Technical Analysis

7 US Patents Filed by Walmart to Examine Metaverse and NFT Monetization

Walmart is in talks to introduce a virtual currency for online community members in the NFT sector. The retail giant is discussing ideas for providing customers with ways to interact with the metaverse and provide financial services involving crypto.

It has filed several patents with the US Patent Trademark Office (USPTO) and has registered many services and offers mainly related to the non-fungible sector, metaverse and cryptocurrency. This news was first reported by CNBC. Walmart is exploring the possibility of introducing virtual currency to its customers and creating interaction with its online community.

Learn more about the 7 patents filed by Walmart and how it plans to get involved in cryptocurrencies.

Source: Blockworks

LooksRare set to compete with OpenSea by offering trade rewards

LooksRare is ready to dive into the NFT sector and take full advantage of the recent NFT craze which shows no signs of slowing down. In fact, with each passing day, the excitement surrounding NFTs only increases.

The new NFT LookRare marketplace has attracted significant trading volumes according to one of the reports from Dune Analytics. This platform had 36% more USD volume on January 11, 2022 than on OpenSea. The fascinating thing about this market is that this new kid launched on January 10, 2022.

Read more about LooksRare and what it has to offer all NFT geeks.

Source: Beincrypto

Crypto Market Trend January 19, 2022

Here is a brief summary of the top crypto gainers and losers for the day.

Top 3 Crypto Gainers

Cryptocurrency Price (by January 19, 2022) % Change Ethereum Classic (ETC) 2711.64 ₹ 9.11% Theta Token (THETA) 341.04 ₹ 7.85% Yearn. finance (YFI) ₹264,776.62 5.31%

*All prices are no later than 11 a.m. on January 19, 2022.*

Top 3 crypto losers

Cryptocurrency Price (most recent as of Jan 19, 2022) % Change Cardano (ADA) ₹115.73 7.88% Chromia (CHR) ₹67.51 7.13% Helium (HNT) ₹2406.766.94%

*All prices are no later than 11 a.m. on January 19, 2022.*

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