Metaverse Sales Hit Big Milestone 🚀

Virtual land plots are hot right now. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $2.60T (-1.99%) 24 Hour Volume $121.75B (-6.82%) Notable Movers[(MATIC) $2.06]( (+7.91%) Notable Movers (DeFi)[(DFI) $5.24]( (+61.07%) Bitcoin Dominance 41.05%[(+0.38%)]( Bitcoin Price[(BTC) $56,525.02 (-1.06%)]( Ethereum Price[(ETH) $4,551.65 (-3.76%)]( Cardano Price[(ADA) $1,57 (-1.31%)]( Earn up to 700 USDT Welcome Bonus for New User on ApolloX! Simply create an account and complete missions to earn rewards on ApolloX! Join the best crypto futures exchange now! [Register & Earn!]( Editor's Note Why Are NFTs So Weird? On this random Thursday, I wanted to take a minute, stop and think about the big NFTs in crypto right now — and ask myself, why are they so darn weird? Looking at the [top NFT collections]( on CoinMarketCap, you see some pretty strange names that we’ve somehow become inured to: Psychedelic Apes, Crypto Worms, Baffled Bears, Crypto Idolz - Butts, Cult of Meercats…. Has anyone ever really thought about why crypto art is at its essence so incredibly ridiculous? Why couldn’t an NFT collection just be, for example, landscapes? Self-portraits? Still lifes of fruit? One explanation (IMHO) is that crypto art is so different at its very core from "traditional" art that artists working with NFTs want to go above and beyond to delineate themselves — Hey! Look at me! I’m not painting landscapes with oils, I’m digitally creating an ape with seven heads, smoking a cigarette, with an eyebrow piercing! Another reason that crypto art is so different is because it’s an almost completely digital medium — it’s rare that someone will actually be creating something in the physical world ([although Beeple did]( and have that be an NFT. NFT art could just as easily be "Photoshop" art, and Photoshop (and similar programs) allows the artist to make wacky things much more realistic looking than ever before (and make many of them, a lot quicker than they could with a paintbrush). Of course, there is NFT art that fits the more traditional mold of what we used to consider "art," but it's usually not what’s trending. All in all, there are definitely reasons why NFT art is so strange — I just think it’s important to sometimes take a step back and really go, wow, people are paying this much for a painting of a "bored ape." And that’s just what it is, a portrait of a monkey that seems fed up with it all... Win $150 in bonuses at the Bybit Next Level live event! Bybit CEO Ben Zhou shares at this live event about all the exciting new products and services Bybit has to offer. [Learn more!]( Today's Top Stories [Macro News] Square undergoes a big rebrand Square has announced it is changing its name to Block. The big rebrand came two days after the payment firm's CEO, Jack Dorsey, announced he was leaving Twitter after 16 years. It's hoped the new name will "create room for further growth" — and signifies that cryptocurrencies and the blockchain are going to be a bigger focus. Rival companies that feature the word "Block" in their title aren't impressed, with BlockFi jokingly declaring it's rebranding to SquareFi "effective immediately." [The latest.]( Bitcoin flat on COVID fears Bitcoin remained stubbornly flat on Thursday morning — trading below $57,000. Once again, the world's biggest cryptocurrency suffered a rejection at $59,000 as the U.S. confirmed that a case of the Omicron variant had been discovered in California, sending jitters through the markets. Many altcoins fared far worse. Ether — which was on the brink of securing new all-time highs on Wednesday — suffered an especially sharp pullback, down 4.3% over the past 24 hours.[Find out what's going on.]( Grubhub offers BTC rewards Hungry crypto enthusiasts will now be able to earn rewards in Bitcoin. Grubhub — which allows users to order food from restaurants and get it delivered to their door — has entered into a partnership with Lolli. The firm gives consumers free BTC when they shop at eligible stores including Microsoft, Nike and eBay. Grubhub diners will earn $5 in Bitcoin on their first order made through the app, and $1 in BTC for every purchase after that.[Why this could be great for adoption.]( Metaverse sales top $100m in a week Land sales in blockchain-based metaverse projects topped $100 million in the past week, new figures from DappRadar have revealed. The Sandbox dominates the market with $86.5 million in transactions, followed by Decentraland on $15.5 million. Both projects are now among the most-traded NFT collections as Bored Ape Yacht Club and CryptoPunks lose momentum. Just last week, records were broken when 116 land plots in Decentraland changed hands for $2.4 million.[Read more.]( Facebook relaxes rules on crypto ads It's about to get easier to run cryptocurrency adverts on Facebook and Instagram. The parent company of both social media platforms — now known as Meta — is expanding the number of regulatory licenses it accepts. Meta hopes the changes will allow more small businesses to grow their audiences and reach a greater cross-section of customers — something that could be instrumental to adoption. It comes four months after Google also relaxed its rules for the sector.[Our story.]( Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by [Molly Zuckerman]( and [Connor Sephton]( Was this email forwarded to you? [Sign up here](. -WANT MORE CRYPTO BITES? - [Sign up here]( for Daily Newsletters. [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2021 CoinMarketCap [Update Settings]( | [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States