BitYard Weekly Roundup (2022/02/8 — 2022/02/15)

Top News Released:

1) Young, Crypto-Savvy Voters May Hold Key to South Korea’s Next Election

All of South Korea’s presidential candidates have announced crypto-friendly stances in a bid to win over young voters ahead of the election next month. According to Edward Hong, head of the platform at crypto venture capital firm Hashed, there are more than five million individual crypto accounts across the country’s top three crypto exchanges. Hong estimates that about 10% of this year’s voters are crypto investors. Thus, Gen Z voters have emerged as a serious electoral force in the country.

2) CryptoPunks Ethereum NFT Sells for Nearly $24M, Doubling Previous Record

CryptoPunks predate the modern NFT craze by years, and that O.G. status has made the 2017 Ethereum profile picture collection a legend in the space. Dozens of CryptoPunks have sold for a million dollars worth of ETH or more, but today, the collection shattered its previous record with one sale of nearly $24 million. On February 12, CryptoPunk #5822 sold for 8,000 ETH, or about $23.7 million worth at the time of sale. The previous top sale for a CryptoPunk was $11.8 million, purchased by DraftKings’ largest shareholder Shalom Meckenzie at a Sotheby’s auction in June 2021. Meanwhile, the largest on-chain sale through the Larva Labs marketplace came in December, when the pseudonymous 4156 sold his namesake Punk for $10.26 million worth of ETH.

3) Portals Raises $5 Million to Build Out Solana NFT Metaverse

Portals announced $5 million in seed funding led by Greylock. A number of additional investors participated, including Multicoin Capital, Solana Ventures, Alameda Research, Sino Global Capital, and The Chainsmokers’ Mantis VC firm. Justin Kan, co-founder of streaming video site Twitch and new gaming NFT marketplace Fractal, also invested.The project plans to use the funds to expand its team as it develops more of its metaverse initiative, including the upcoming launch of its Portals Downtown city center as well as enhanced tools for creators.

4) Block, Argo, and Griid Among First Buyers of Intel’s New Blockchain Accelerators

Intel is planning to release blockchain accelerators later this year and has lined up some big-name buyers, according to a blog post on Friday by Raja M. Koduri, a senior vice president. Among its first customers for the accelerators, which help facilitate energy-efficient crypto mining, are Block (formerly Square), Argo Blockchain, and the crypto mining startup Griid Infrastructure.

Top Gainers & Losers (7 days)

Gainers

• Ellipsis (+18.36%)
• FEG (+17.50%)
• Ontology Gas (+16.91%)
• Standard Protocol (+16.59)

Losers

• LooksRare (-25.62%)

• Wrapped NCG (-11.65%)

• Smooth Love Portion (-11.35%)

• CryptoArt.Ai (-10.09%)

New Coins Listing On BitYard

• League Of Kingdom Arenas (LOKA/USDT) — LISTED
• PERL.eco (PERL/USDT) — LISTED
• Acala (ACA/USDT) — LISTED
• Anchor Protocol (ANC/USDT) — LISTED
• BitTorrent-Chain (BTTC/USDT) — LISTED
• MojitoSwap (MJT/USDT) — Listing on February 21st 2022.

Articles to check out

• What’s the Better Bet for 2022: DeFi, NFTs, or the Metaverse?
• The Rise and Rise of Cardano — Implications for 2022
• A TALE OF TWO METAVERSES.
• BitYard Partners With Intotheblock (ITB) To Empower Crypto Intelligence.

About BitYard:

Founded in late 2019 and headquartered in Singapore, BitYard is a leading global cryptocurrency derivatives exchange. As one of the fastest-growing exchanges, BitYard has continuously optimized and upgraded the platform and has brought many quality trading services to users worldwide. With the new corporate slogan “Grow Your Future in the Yard” BitYard will continue to help investors around the world to achieve their goals through providing one-stop financial trading services.

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