Today in Crypto: FIFA Builds NFT Platform
FIFA will debut a non-fungible token (NFT) platform to offer digital collectibles depicting the best game moments in soccer, Bitcoin.com reported.
The platform is likely to open later in the month and will come with several initial collections of tokens along with more that will be released later, according to the report.
In other news, Meta said in a blog post that the metaverse could have “a real impact” on the digital economy for Europe, potentially associated with a $440 billion contribution to the region’s gross domestic product (GDP) within a decade, if adoption grows accordingly. to mobile technology.
Meta said there is still quite a bit of work to be done, explaining that reaching its potential will come with “collaboration across industries and with experts, academics, civil society, government and regulators to get it right.”
Meanwhile, the cryptocurrency’s status in the UK could change soon as Liz Truss has won the race for Prime Minister there, making everything uncertain regarding new digital asset guidelines, Bloomberg reported.
Truss has been tight-lipped so far about what she may have planned for virtual currencies, according to the report.
She won over ex-Chancellor Rishi Sunak, who had been a champion of crypto in that role. Sunak had a plan to revive the UK’s reputation as a leader in fintech, including calls for stablecoins to be regulated as non-banks, crypto infrastructure being embraced, and the creation of a new NFT by the UK Royal Mint, the report said.
Truss will inherit a new government, including a cost of living crisis and a recession, so it is unknown what will happen to crypto, according to the report.
In addition, Michael Saylor, former CEO of MicroStrategy, is looking for solutions to integrate a large number of people into the Lightning network, CoinDesk reported.
The Lightning network is a payment network on top of bitcoin, which is claimed to help with faster and cheaper transactions.
Saylor stepped down as CEO of MicroStrategy on August 2, but wanted to continue working on the company’s software business. Now it looks like some of that business will help people get easier access to bitcoin, and possibly increase its value.
Finally, crypto lender SALT may be eyeing an acquisition after being charged with running an unregistered initial coin offering (ICO) two years ago, Blockworks reported.
SALT allows users to take out crypto-backed loans and said it was talking to digital asset and FinTech investment platform Bnk to the Future (BF) as of Friday (September 2), according to the report.
BF has signed a letter of intent to buy the company, the report states. SALT said the deal would increase its product range, adding that customers’ loan terms, security and services would not change if the deal happened.
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NEW PYMNTS SURVEY FINDS 3 IN 4 CONSUMERS WITH STRONG DEMAND FOR SUPER APPS
About: The findings of PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy”, a collaboration with PayPal, analyzed the responses of 9,904 consumers in Australia, Germany, the UK and the US and showed strong demand for a single multi-functional super app instead of using dozens of individuals.
