Week in review: June 18, 2021 – Moving towards a crypto metaverse

Written by Robby Ramos
on June 21, 2021

Graphics card giant Nvidia CEO’s stated that they are moving towards a crypto metaverse and that they will be paying more attention to crypto. Sports is onboard as a Nascar driver will be paid solely in cryptocurrency and an F1 team is partnering with Tezos. Read our weekly round up below.

Nvidia CEO: We’re Moving Towards a Crypto Metaverse

Decrypt: June 13, 2021

In conversation with Venturebeat video game reporter Dean Takahashi, Nvidia CEO Jensen Huang said he believes “we’re right on the cusp” of a blockchain-based augmented reality metaverse. Within three months of launching their Ethereum mining processors in February, Nvidia earned $155 million.

Nascar Driver Landon Cassill To Be Paid Entirely in Crypto

The Street: June 17, 2021

In a new 19-race deal with the Voyager crypto brokerage, Landon Cassill will be paid solely in cryptocurrency. The partnership marks the first deal of its kind in Nascar, giving Cassill compensation in a portfolio of assets that is largely comprised of Bitcoin and Litecoin.

Can’t Decide Between Gold or Bitcoin? Why Not Both?

US Funds: June 17, 2021

Paul Tudor Jones is super bullish on Bitcoin right now and may give the crypto the same 5% weighting as gold, commodities and cash. Two years ago this month, the billionaire hedge fund manager said that gold was his favorite trade in the next 12 to 24 months due to geopolitical disruptions, among other factors. The yellow metal “has everything going for it,” he told Bloomberg.

Bitcoin Remains Relatively Resilient Post-Fed as Fiat Currencies Drop Against Dollar

Coindesk: June 18, 2021

Bitcoin is trading in familiar ranges even as the U.S. dollar gains ground in currency markets on the Federal Reserve’s interest-rate outlook. While the top cryptocurrency has dropped 5% to $38,000 since Wednesday’s Fed rate decision, it remains locked in a multi-week range of $30,000 to $40,000.

Digital Dollar Could Push More Investors Into Bitcoin, Fund Manager Says

CNBC: June 12, 2021

A digital dollar won’t doom bitcoin, according to two cryptocurrency fund managers. As central banks around the world consider digitizing their fiat currencies, the trend could actually push more investors into crypto, Grayscale’s Michael Sonnenshein and Osprey Funds’ Greg King told CNBC this week.

Bitcoin Jumps After Musk Says Tesla Will Use When Mining Cleaner

BNN Bloomberg: June 13, 2021

Elon Musk said Tesla Inc. would allow transactions in Bitcoin once mining is done with more clean energy. The executive said in a tweet that he wants miners to use about 50 per cent clean energy. The Cambridge Center for Alternative Finance has estimated that 39 per cent of crypto mining is powered by renewable sources, mainly hydroelectric.

Fox Launches $100M Fund for Its New NFT Studio

Decrypt: June 16, 2021

In May, Fox Entertainment first announced the launch of Blockchain Creative Labs, a non-fungible token (NFT) marketplace of sorts. The media titan said that the marketplace would sell digital goods, including NFTs, “that provide exclusive social experiences to engage and reward super fans.”

Motor Team McLaren Racing Partners With Tezos to Build NFT Platform

Bitcoin.com: June 18, 2021

On Thursday, McLaren Racing announced the British motor racing team selected Tezos as the organization’s official partner across the Indycar series, Formula One, and esports. Tezo will create a non-fungible token (NFT) platform for McLaren Racing in order to showcase the motorsport group’s world-class drivers and “illustrious racing heritage.”

Robby Ramos

Robby Ramos

Director of Digital Marketing | Bridging the gap between digital assets and financial institutions.