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Daily Crypto News Dec 20, 2021: Top 3 crypto updates for today

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2021 has been a year where the blockchain networks have worked incessantly on their developments. Polkadot has created another milestone in its journey towards full interoperability. It has recently launched its first set of parachains on the blockchain platform. Read about it in detail below. 

NFTs are gaining a lot of attention especially in the latter half of the year. With so many big names entering the NFT space, another new name has gotten added to the list. Tech Mahindra is all ready to create its own NFT marketplace along with Vodafone ready to sell the first-ever message in the form of NFT. Are you one crazy NFT fan? Read more about it in detail below. 

Uniswap announced in a Tweet that it is ready to deploy its V3 smart contracts on Polygon. With 72 million votes in favor of the decision, it was evident that a high number of UNI holders want the deployment to take place on Polygon. 

Quick Crypto News Roundup! 

Daily Crypto News  Dec 20, 2021

The First set of Polkadot parachains go live with more than $3.5 billion staked 

The Polkadot ecosystem has hit another milestone in its journey towards full interoperability. It has recently launched its first set of parachains on the blockchain platform. According to the official announcement, the five projects that have been leased a slot to run parallel to Polkadot are Moonbeam, Acala, Astar, Parallel Finance, and Clover. These projects focus on different areas including DeFi, development of DApps, and other use cases. 

The parachain auctions that started in November saw numerous projects fighting for the slot raised through DOT crowd loans and staking them to bid on the parachain slots. Almost $3.5million was raised in the crowd-loan by DOT by just 10 participants. 

Read more about Polkadot’s first set of parachain releases in detail. 

Source: Ambcrypto.com 

Tech Mahindra is ready to launch the NFT marketplace while Vodafone auction world’s First Message 

The NFT hype is getting real now. With India-based multinational tech company, Tech Mahindra getting into this NFT marketplace, it is evident that everyone wishes to ride the bandwagon. It has decided to launch its NFT marketplace in a few weeks’ time to monetize its progress within the blockchain capabilities. 

According to the vice president and practice leader of blockchain and cybersecurity in the company, Rajesh Dhuddu, this marketplace will be a place for the creators and celebrities to monetize their memorabilia and rare digital art. 

Read more about Tech Mahindra’s NFT marketplace in detail. 

Source: OutlookIndia

Uniswap votes to deploy V3 smart contracts on Polygon 

Ethereum scaling solution Polygon is steadily strengthening its grip on the DeFi ecosystem with Uniswap members voting in favor of deploying the Uniswap smart contracts on it. According to a Twitter announcement the third iteration of the decentralized Automatic Market Maker, Uniswap V3 will be rolled out on Polygon super soon. 

The process for the same began a month back when a proposal for the same was raised on the decentralized exchange’s governance protocol. This motion was passed with 72 million votes in favor while 503,009 votes in against. The votes indicated that a high number of UNI holders wish this to take place. 

Read more about Uniswap’s V3 deployment on Polygon in detail and what it means for both networks. 

Source: AMBcrypto

Crypto Market Trend December 20, 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 20, 2021)  Change in % 
Ripple (XRP) ₹71.24 7.07%
Harmony (ONE) ₹17.93 6.1%
Terra (LUNA) ₹6309.01 8.22%

*Prices are latest by 11:30 AM December 20, 2021.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by December 20,  2021)  Change in % 
Curve (CRV) ₹327.94 7.18%
Internet Computer (ICP) ₹1736.02 7.72%
Avalanche (AVAX) ₹8343.57 7.74%

*Prices are latest by 11:30 AM December 20, 2021.*

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