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Daily Crypto News Jan 27, 2022: Top 3 crypto updates for today 

Crypto News

NFTs have literally been all over the place in the past year. Everyone and every company want to be associated with this niche of the blockchain industry. In today’s Crypto News, The Sandbox ecosystem has raised $ 50 million for its accelerator program. It shall invest in 30-40 companies every year building on its network and help them to leverage their potential with funds and mentorship. 

After Twitter launched its new feature of NFT profile picture, Reddit too has joined the party. According to reports, the company is testing a similar feature and shall soon make it public. This will let users upload those images attached to their NFTs as their profile pictures. 

After NBA TopShots, it’s time to reminisce some awesome and iconic cricket moments as NFTs. FanCraze has partnered with ICC to launch these NFTs and has also begun its job.  Would you like a few Cricket NFTs for yourself? Read in detail below. 

Quick Crypto News Roundup! 

Daily Crypto News  Jan 27, 2022

The Sandbox announced $50million fund for its startup accelerator program

The virtual world project, The Sandbox recently announced its metaverse accelerator program that shall push the development of the open metaverse. The company is willing to invest $50 million in those startups. The subsidiary of Animoca Brands is partnering with the venture accelerator firm Brinc with a target to support 30 to 40 blockchain-based startups within a year. Each potential project shall receive $250,000 as an investment while the top-performing projects shall also receive incentives. 

The bonus includes LAND, digital real estate within the Sandbox metaverse, and SAND digital asset. High-profile mentors shall be present to assist the high-performing startups. 

Read more in detail about Sandbox’s startup accelerator program and what it means for future projects on this blockchain. 

Source: Cointelegraph 

Reddit to soon add NFT based profile pictures

According to reports, Reddit is testing a feature that shall allow users to set the images attached to NFTs as their profile picture. According to the company’s spokesperson, this feature is being internally tested and it is already sem-public. This news comes after Twitter announced a similar feature on its platform the previous week. 

This feature will let users just not use the non-fungible tokens as profile pictures (Avatars) but would also verify the ownership. Reddit is still discussing whether to provide this feature widely to the users and is being tested internally. 

Read in detail about Reddit’s NFT profile picture feature and how the platform wishes to move forward with it. 

Source: Cryptobriefing 

Sequoia Capital India backed FanCraze launches NFTs in partnership with ICC 

NFTs have been all over the news for the past year. India too has shown its potential in the blockchain sector and has also gotten into the NFT game with FanCraze. It was on Wednesday, the company launched its digital assets that captured moments from the game of cricket. FanCraze is prepared to cash in on Cricket’s popularity with NFTs. 

These NFTs capture some of the most iconic moments from various matches. These include MS Dhoni finishing the 2011 world cup with a 6 in the Wankhede stadium, Yuvraj Singh’s unforgettable 6 sixes , South Africa’s infamous fumble against Australia, and many other such iconic moments. The company has undergone a multi-year partnership to deliver these exclusive moments with ICC. 

Read in detail about all the cricket NFTs FanCraze is creating with ICC. 

Source: Aliens.com 

Additional Reads: How to create an NFT and sell it. 

Crypto Market Trend January 27, 2022

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

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by January 27, 2022)  Change in % 
Helium (HNT) ₹2229.48 6.77%
Theta token (THETA) ₹235.48 6.19%
Civic (CVC) ₹18.87 2.94%

*Prices are latest by 11:30 AM January 27, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by January 27,  2022)  Change in % 
Cosmos (ATOM) ₹2469.30 13.93%
Quant (QNT) ₹7505.88 11.97%
Near Protocol (NEAR) ₹870.53 11.88%

*Prices are latest by 11:30 AM January 27, 2022.*

 

 

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