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Daily Crypto News Dec 15, 2021: Top 3 crypto updates for today

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After all, the hustle and bustle around the metaverse and web3.0 Nike has finally announced its acquisition of the virtual sneakers and collectibles brand RTFKT. Right after patenting its swoosh logo and slogan it has acquired this brand becoming the biggest sports product manufacturer in the United States. 

Bitcoin network has reached a staggering $12 trillion transaction volume within a year. It has been surpassing all its previous records making the retail as well as institutional Bitcoin Hodlers hopeful for the future. Read about this in detail below. 

After all the big names entering the metaverse, Twitch has also jumped into the bandwagon. Twitch is ready to launch its gaming NFT marketplace, Fractal. Although it is not a direct competition to the existing NFT marketplace of Opensea, it definitely is targeting a niche user base. Read what it stores in the future for all the gamers out there. 

Quick Crypto News Roundup! 

Daily Crypto News  Dec 15, 2021

Nike enters the Metaverse game after the RTFKT acquisition 

Nike has finally announced the acquisition of virtual sneakers and collectibles brand RTFKT. Nike has now become the biggest US-based athletic product manufacturer after this partnership. It has finally jumped into the bandwagon of the metaverse. 

Nike had submitted a patenting request on November 2, 2021, for its swoosh logo as well as the slogan “Just do it!” for the virtual world. The company is fully prepared to take on to the virtual world as well and engage with the metaverse ecosystem. 

Read more on Nike’s acquisition of the brand RTFKT in detail. 

Source: Cointelegraph 

The Bitcoin Network reached a staggering $12trillion transactions this year

The Bitcoin network has created yet another milestone for itself with $12 trillion transactions in a year. Dan Taperio, founder of 10T Holdings believes that it is an indication of the upcoming hyperbitcoinization. Hyperbitcoinization refers to the widespread adoption of Bitcoin. Although he believes it has not taken place yet, firmly believes that the process has already begun. 

After the new development, not just retail but institutional adoption also continues to grow.  There is no doubt that 2021 has been a great year for Bitcoin adoption and it has significantly risen among retail investors, government bodies, and institutional investors. 

Read more in detail about Bitcoin settling at $12 trillion transactions. 

Source: ZyCrypto

Twitch co-founder creating a marketplace for the gaming NFTs 

Justin Kan, co-founder of Twitch, the live streaming platform has announced his venture to launch a marketplace for gaming NFTs. The name of the marketplace shall be Fractal. 

Although Opensea marketplace is indeed the largest but Fractal does not intend to compete with it directly. It is going to indulge in the niche of gaming NFTs.  This announcement came in after the Twitch plug-in was introduced that will allow the streamers to offer NFT as a reward to their viewers. Fractal has been in partnership with many gaming studios that shall drop their brand new gaming NFTs on the platform. 

Read more about Fractal and plans Twitch has in store for it in detail. 

Source: Forkast

Crypto Market Trend December 15, 2021 

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

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by December 15, 2021)  Change in % 
Avalanche (AVAX) ₹7398.63 16.66%
Dogecoin (DOGE) ₹14.45 13.06%
PancakeSwap (CAKE) ₹1034.34 13.76%

*Prices are latest by 11:20 AM December 15,2021.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by December 15,  2021)  Change in % 
BitTorrent (BTT) ₹0.2206 1.97%
Quant (QNT) ₹14097.65 1.73%
The Sandbox (SAND) ₹382.31 1.14%

*Prices are latest by 11:20 AM December 15,2021.*

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