Reddit’s MOON token x6 after Kraken listing rumors?
A recent event that has attracted the attention of investors is the listing of Moons Token on the Crypto.com exchange. This caused the value of Moons Token to skyrocket for two consecutive days.
According to information from Coingecko, the price of Moons Token has increased by as much as 141% on the day, reaching a trading level at $0.41. Moons Token has skyrocketed hundreds of percent since Monday following news that cryptocurrency exchange Kraken is considering listing the token.
Today’s listing has made the Cryptocurrency subreddit on Reddit more vibrant than ever with over 6.5 million users. An article on this subreddit said: “Crypto.com has suddenly become the default platform for millions of Reddit users.”
Moons Token is an ERC-20 token launched on Arbitrum Nova by Reddit administrators in 2020 as part of a community development program. This token is distributed to users based on their activity on the Cryptocurrency subreddit and can be used to tip each other. Moons Tokens are stored in Vault, an Ethereum-based digital wallet that has been deployed across Reddit since last year.
The listing of Moons Token on Crypto.com created a fever in the market. Investors and Reddit users are eagerly awaiting the next developments of the Moons Token and its impact on the crypto community on the world’s largest social network.
Ripple and 10T Holdings invest $54 million in Futureverse to develop Metaverse and AI platforms
Futureverse, the metaverse technology platform that uses artificial intelligence to accelerate the process of building new metaverse experiences and characters, has announced a $54 million funding round led by 10T Holdings, with Ripple’s participation.
This announcement comes after Futureverse launched 11 metaverse content and infrastructure companies, which are currently operating in a collaborative system.
Futureverse is one of the leading backers of Open Metaverse, a working ecosystem that enables everyone to participate in the development and adoption of the metaverse. The company is using the Ripple-based Root Network, a blockchain and protocol suite with built-in runtimes to build next-generation apps, games, and metaverse experiences.
According to the announcement, Futureverse will use Ripple’s XRP utility token to pay for gas transactions and support NFT under the XLS-20 standard.
This comes after Ripple’s big win in a lawsuit against the Securities and Exchange Commission, which accused the crypto exchange and remittance network company of using XRP as a security. .
Commenting on Futureverse’s latest fundraising participation, Monica Long, President of Ripple, said:
“We are excited to continue supporting the Futureverse vision and celebrate Root Network’s integration with the XRP Ledger. While we are in the early stages of a project like this – and indeed the larger concept of the metaverse is achievable, we at Ripple are eager to contribute to the infrastructure and supply layer. provide real value to the end users of the open metaverse.”
Unlike some tech experts who saw the metaverse as a fleeting craze, Futureverse believes the participatory 3D world will be the next evolution of the internet.
According to the company’s founders, Aaron McDonald and Shara Senderoff, the metaverse has two important characteristics: “Immersive integration, where the user experience blocks across apps merge into one unified experience. and data, where users have ownership and control over their identity, social networks, content, and online value.”
The company said it will use the latest fundraising to continue building its metaverse technology toolkit, including the Futureverse Platform with “Powered By Futureverse” tools and products.
Dan Tapiero, CEO of 10T Holdings, said in a statement: “Futureverse has developed an immersive and vertically integrated metaverse platform that serves as an artificial intelligence technology provider, builder, and builder. metaverse infrastructure, layer 1 architecture, creative studio and digital community in one.”
OpenSea prohibits NFT collectors from performing any financial operations!
Not sure why EtherFi, a decentralized cryptocurrency staking platform, announced that OpenSea stopped trading with their Ethereum NFTs, all pending orders disappeared, and was later informed that OpenSea is not accepting allows NFT collections to perform any financial activity that requires registration or licensing.
Patrick Mahomes, quarterback of the Kansas City Chiefs, will continue to make waves in the NFT market with the launch of the “Museum of Mahomes II” collection.
Following the success of its initial NFT released earlier this year, Mahomes aims to capture the attention of fans and collectors alike by presenting a unique collection of 15,000 NFTs that showcase a great NFL career you’re great. The collection will include a range of artwork inspired by Mahomes’ journey, including trading cards, signed jerseys, rugby balls and more.
While network specifics for NFT generation and pricing have yet to be revealed, a Mahomes spokesperson confirmed that the Museum of Mahomes II will clearly benefit NFT holders.
This exciting development allows enthusiasts not only to own digital artifacts but also to own physical copies and memorabilia actually signed by Patrick Mahomes himself. Such a unique proposition is sure to appeal to both loyal supporters and avid collectors.
Mahomes’ entry into the NFT sector began in March 2021, generating revenue of up to $3.7 million as the market began to grow strongly. Those lucky enough to own original NFTs will now have the chance to upgrade their collection by owning autographed commemorative gifts from this Super Bowl MVP superstar. This act of Mahomes bridges the gap between the digital and physical worlds, providing an exclusive experience for his fanbase.
For the launch of Museum of Mahomes II, Mahomes reunited with digitization company D-O-M, which assisted him in the initial release of NFT on the Ethereum MakersPlace platform.
By leveraging D-O-M’s expertise and working with a trusted partner, Mahomes aims to provide a smooth and memorable experience for collectors eager to own a piece of his heritage.
In line with philanthropic efforts, Mahomes has pledged a portion of the proceeds from the sale of NFTs will be donated to two charities: his own 15 and the Mahomies Foundation.
These organizations have been relentlessly working to improve the lives of children in underserved areas, making the launch of the Museum of Mahomes II not only a celebration of his success but also an opportunity to create a significant impact on the community.
