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Daily Crypto News Feb 21, 2022: Top 3 crypto updates

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In today’s crypto news, Harmony (ONE) has launched the Bored Ape Yacht Club NFT passport which shall allow the users to import proof of their apes on a play to earn game called the DeFi Kingdom. Are you a DeFi kingdom player? More on this crypto news is below. 

Decentralized wireless network, Helium (HNT) has raised $200 million in the latest fundraiser led by Tiger Global and FTX Ventures. Do you HODL Helium? Check out the latest price trends of Helium on the CoinDCX app

One of the largest NFT marketplaces, OpenSea has rolled out an upgrade on its smart contract where it is proactively delisting the inactive NFTs that must be relisted on the new smart contract. Do you have your NFT listed on OpenSea? Read more on this crypto news below. 

 

Quick Crypto News Roundup! 

 

Daily Crypto News  Feb 21, 2022

Harmony launches Bored Ape Yacht Club NFT passport

The blockchain platform Harmony (ONE) has launched its Bord Ape Yacht Club passport. The blockchain platform that claims to have a two-second transaction speed and a fee that is 1000 times lower than that of Ethereum made the latest entry in the world of NFTs. This passport helps users to import proof of their apes into the DeFi kingdoms which is a play-to-earn game built on the Harmony blockchain with more than 120,000 monthly active users. 

In the initial stages, the ape holders shall be able to validate along with displaying their assets in the game throughout multiple blockchains when they shall connect their MetaMask wallet to DeFi kingdoms. 

Read: How to buy NFTs: A step by step guide 

Source: Cointelegraph   

 

Decentralized wireless network Helium raises $200 Million

Helium (HNT) has recently raised a $200 million fund in a Series D funding led by Tiger Global and FTX Ventures. Apart from these two groups some other investors present during the fundraiser were Khosla Ventures and Multicoin Capital. Earlier, the company also held a $111 million token sale which was led by Andreessen Horowitz. 

Helium is building a crypto-powered decentralized wireless network that not just provides bandwidth but also collects data from internet of things devices. Helium token is then transferred to the owners of these hotspots with the amount increasing every time the amount of hotspot usage increases. Companies such as Victor, mousetrap company, and Scooter startup Lime use these devices to connect to their product. 

Read: Top 10 Most Expensive NFTs ever sold 

Source: The Block 

 

OpenSea smart contract upgrades to delist inactive NFTs on Ethereum 

OpenSea, one of the largest NFT marketplace has rolled out an upgrade on its smart contract where its actively delisting the inactive NFTs from its platforms. 

According to the new upgrade, the OpenSea users must migrate their NFT listings from Ethereum to the new smart contract. All the NFT listings created before February 18 will expire automatically within a week. If the user successfully migrates the NFT, the original date of posting will be displayed. 

What if the users miss the deadline? In that case, the users shall be allowed to relist their delisted NFT over the new smart contract. 

Read: How to mint NFTs: Step by Step guide 

Source: Cointelegraph 

Crypto Market Trend February 21, 2022

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

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by February 21, 2022)  Change in % 
Quant (QNT) ₹9786.32 17.63%
Solana (SOL) ₹7431.04 8.91%
Axie Infinity (AXS) ₹4344.95 8.37%

*All prices are latest by 11:30 AM February 21, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by February 21,  2022)  Change in % 
Flamingo (FLM) ₹18.50 2.85%
Tezos (XTZ) ₹265.37 2.67%
STP Network (STPT) ₹6.85 2.08%

*All prices are latest by 11:30 AM February 21, 2022.*

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