While the NFT space in general is quite young, a16z’s latest unicorn NFT bet is a bit earlier than usual. Mythical Games is raising a $150 million Series C from the firm at a $1.25 billion valuation just a few months after it closed a whopping $75 million Series B. Mythical Games’ sole title Blankos Block Party is an NFT-based game that’s only been in “early access” for a few months and has a player base of monthly active users just in the “high tens of thousands,” according to the company.
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Also, several businesses now receive bitcoin as payment for goods and services – another reason why it is a wise investment. For instance, Visa transacts with BTC, and in February, Tesla announced that the company has invested $1.5 billion in BTC and will also be accepting it as means of payment for its cars. Additionally, the large banks are already incorporating BTC transactions in their offers too.
GURA: Davidson also fears too much regulation could harm investors and entrepreneurs, but he thinks inaction is also a risk. Davidson says when he goes back to his district in Ohio, his constituents ask him when Congress is going to get around to setting ground rules.
Given the pace of crypto adoption, there are a number of ways to buy cryptocurrency. Crypto-native exchanges offer a plethora of different digital assets for buying and selling. In the mainstream world, PayPal serves as one example platform on which participants can buy and sell certain digital assets. Crypto ATMs such as Bitcoin ATMs also exist in various parts of the world.
Pagnotta, E. and A. Buraschi (2018). “An equilibrium valuation of Bitcoin and decentralized network assets”, Working paper .
Bitcoin is down roughly 20% week-over-week, around 30% from its all-time high of nearly $65,000 early last week. The market cap of the coin has dipped below $1 trillion. The tumble has been less severe for Ethereum, which hit an all-time high just yesterday but has since dropped 13% as the broader market has crawled back.
Like most things with cryptocurrency, regulation comes with hurdles. “There are different agencies that may or may not have jurisdiction to oversee everything,” says Wang. “And it differs state by state.”
“Ethereum is metaverse infrastructure and ETH is metaverse money,” Hoffman added.
It is the latest cryptocurrency to have seen a spike in interest since the turn of the year, following on from the success of Dogecoin, Bitcoin and Ripple XRP in recent weeks.
Even though many coins are on an uptrend, Bitrise is worth considering as thousands of Shiba Inu and Safemoon holders have joined since its release.
4JNET’s team are big proponents of the HODL theme that is often echoed through the cryptocurrency market. History has proven that there is no better way to make the most returns than holding digital assets for number of years. Thus, 4JNET is designed with this proven theory in mind.
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The Bitrise coin has been breaking all the predictions and records that have been set by previous coins. It has also been proving naysayers wrong time and again.
SafeMoon investors are also watching and waiting for a major exchange like Kraken or Binance to list their favorite meme coin. If this happens, it will bolster the profile and liquidity of the token and could be a catalyst for gains. So far it trades on Gate.io, BitMart and a few others.
Concerned authorities around the world are planning to design standard rules of taxation for cryptocurrencies. There is no escape from paying tax on the gains from cryptocurrencies.