With digitization gaining momentum, the world’s largest companies are harnessing Metaverse and other crypto avenues.
Since Mark Zuckerberg has shown interest in Metaverse, a unique generational whirl has been seen around Metaverse investments. Microsoft is the next trillionaire company to avail some fruits of this Metaverse.
Being the second-largest company in the world following its market capitalization, Microsoft announced its entry into the Metaverse market. It stated that it has bought Activision Blizzard at $95.00 per share following its deal, which will end in the financial year 2023. The tech-giant aims to harness gaming giants into entering Metaverse’s virtual world.
Mastercard & Coinbase to Partner For NFT Purchases
Mastercard has been in Crypto for quite some time. As per the reports of a renowned crypto news agency, the credit card pioneer has enabled crypto-connected credit card options in the Asia-Pacific market in November 2021.
The next move of the company is been explored in the NFT zone with its partnership with Coinbase. This partnership will allow the users to buy NFTs with the help of Mastercard credit cards. Coinbase is planning an NFT marketplace to allow users to purchase digital collectables without using a crypto wallet or having ETH holdings. This will strengthen crypto payments and will motivate its mainstream adoption.
ASIC Sustainable Bitcoin Mining With Intel
Intel, the leading semiconductor company, has planned to discover a novel sustainable or energy-efficient mining technique for BTC, ASIC. The announcement will be made at February’s IEEE International Solid-State Circuits Conference. The new ASIC is named the Bonanza Mine and has been made as per a patent of Intel submitted in 2018. Bonanza Mine’s technology will help to minimize the power consumption by 15 per cent. Being a substantial brand in the market, Intel can trigger a major spike in the Bitcoin market in 2022.
NFT Brand Animoca Raises $358 Million for a Valuation of $5 Billion
This week, an NFT based venture capital and gaming firm, Animoca raised a funding of more than $358 million. Investors in the funding round included Liberty City Ventures, Gemini Frontier Fund, 10T Holdings, Provident, ParaFi Capital, Winklevoss Capital, Sequoia China, and more. The Animoca company highlighted that its vision is to safeguard the interest of digital property rights with the help of NFTs in the Metaverse area.
