Daily Crypto News Dec 21, 2021: Top 3 crypto updates for today

Every day a new company joins the list of Metaverse explorers. It seems that Metaverse indeed has become the playground for leading tech giants. Recently, during an Instagram Q&A session, Instagram CEO announced that they are actively looking into the NFT space. They wish to help out creators through their social media platforms. Does that mean, social media influencers could someday be selling their NFTs over Instagram? Read more in detail below. 

Adidas made a sale of $23 million in a single afternoon after its NFT drop. The NFT drop consisted of 30,000 original Adidas NFTs that made a sale of $23 million making Adidas top the charts. Read below in detail what made the NFT drop this successful. 

After Nike, Meta, and Adidas along with several other companies jumping into the metaverse bandwagon, it’s time for a new addition to the list. Alibaba has set up a new gaming unit to explore the potential of the metaverse gaming sector. Find out what the company is up to and what are its Metaverse plans. 

Quick Crypto News Roundup! 

Daily Crypto News  Dec 21, 2021

Instagram CEO announces that they are “actively exploring” NFT integration 

The social media giant, Instagram expand its horizon by actively participating in non-fungible token (NFT) integration. According to the CEO of the company, Adam Mosseri, the platform is actively looking into the sector of NFTs and ways it can make it accessible to the burgeoning user base. Mosseri made this announcement in an Instagram Q&A session over the weekend. Although there is no official announcement yet things seem to be happening behind the scenes. 

The idea is to help content creators explore more and help them out with the NFT sector. One idea is to label the posts that offer NFTs as collectibles. 

Read more on Instagram’s NFT venture and what it means for the social media creators and influencers. 

Source: Cryptopotato 

Alibaba also joins in the Metaverse party by creating a new unit for metaverse gaming 

Every big brand is jumping into the Metaverse bandwagon and the latest addition to this list is the Alibaba Group Holding. This Chinese multinational tech giant has reportedly built its gaming unit to explore the potential these metaverse games have. This came in a month later the company launched its Metaverse exhibition. 

The name of the gaming unit has been given after the Chinese name of “Yuanjing Shengsheng” which means the former universe. This shows how intended Alibaba is to join the metaverse. The metaverse space is slowly turning into the playground of great institutional giants such as Meta, Adidas, Nike, and now Alibaba. 

Read in detail about Alibaba‘s next step into the metaverse. 

Source: BTCpeers

Adidas drops its first Ethereum NFT that tops the charts by $23 million

Will you believe it if we said that Adidas made a whopping amount of $23.4 million in a single afternoon? Well, you must believe it because it actually happened. With Adidas’s debut NFT “Into the Metaverse” it made this much amount of money in a single afternoon. The collection’s sale over the last 24 hours helped it reach the leaderboard as the hottest NFT project in the world. 

This NFT drop was a collaboration between Bored Ape Yacht Club, private NFT collector gmoney, and PUNKS comic NFT creator Pixel Vault. These plans were first revealed by Adidas at the beginning of December when it claimed its hand on Bored Ape and laid out the plans for Adidas apparel. 

Read more in detail about Adidas’s hot NFT drop. 

Source: Decrypt

Crypto Market Trend December 21, 2021 

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

*Prices are latest by 11:50 AM December 21, 2021. *

Top 3 Crypto Losers 

*Prices are latest by 11:50 AM December 21, 2021. *