14 June

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8:51 PM UTC
14 June

|

8:51 PM

Crypto News – December 20 

1. NFT collection of former US President Donald Trump makes a big hit

Released on December 15, the NFT collection of former US President Donald Trump created a craze in the crypto community and was sold out within 24 hours.

The collection features 45,000 NFTs in the style of baseball cards. In each collectible, Trump wears a different costume linked to rarity elements that allow users to enter sweepstakes to win prizes like a zoom call with the President or a cocktail hour at Mar-a-Lago.

According to data from OpenSea, the collection’s trading volume is 6,658 ETH, or about $7.8 million at the time of publishing. Its floor price, which started at $99, has been hovering around 0.3 ETH, or $350.

2. Meta will not give up on the Metaverse despite its share price collapse

Meta – Facebook’s new name since October 2021, says that it still believes in the success of Metaverse despite bleeding billions.

Meta’s stock has dropped 60% since the company changed its name when its stock traded at $323.57 per share. Currently, Meta is trading at $114.74, according to MarketWatch.

In November, Meta CEO Mark Zuckerberg said that despite the $3.6 billion loss, and subsequent layoff of 11,000 employees, he still has a long-term vision for the Metaverse. That’s why Meta will continue to invest in the Metaverse world lab through its VR/AR.

3. Polychain leads $7M funding for hardware wallet developer foundation devices

Foundation Devices, a developer of Bitcoin-centric tools including hardware wallets, has raised $7 million in a seed round led by crypto investment firm Polychain Capital.

The announcement comes during a surge of interest in hardware wallets following the bankruptcy protection filing of centralized crypto exchange FTX, which held and misused customer funds.

Other participants in the round included new backers Greenfield Capital and Lightning Ventures and existing investors Third Prime, Warburg Serres, Unpopular Ventures and Bolt.

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