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Daily Crypto News Jan 11, 2022: Top 3 crypto updates for today

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No one wishes to be left behind in the Metaverse train. All this time we read on how the craze for NFT looped in big brands but this time Disney is all set to provide an experience like never before to all its visitors. It has patented a technology called virtual simulator for real-world venues that shall create metaverse experience or augmented reality attraction for visitors on physical spaces by tracking their mobile devices. 

Polkadot becomes the second-largest on-chain development ecosystem after Ethereum. It is no surprise after the successful auctions conducted by the chain. 

FTX surpassed Shiba Inu as the biggest token holdings in USD among Whales. According to the latest reports from Whalestats FTT and LINK are among the top 10 tokens held by Whales with FTT surpassing SHIB. Read more on this in detail below. 

Quick Crypto News Roundup! 

Daily Crypto News  Jan 11, 2022

Disney patents technology for a theme park metaverse

Disney’s patent for the metaverse theme park has been approved. This technology shall create personalized interactive attractions for visitors to the theme park. This technology shall facilitate augmented reality (AR) attractions that shall be headset-free. The tech shall track the visitors via their mobile phones and shall generate and project 3D effects on the nearby physical spaces such as walls and other objects in the park. 

The patent was approved on December 28, 2021, for the “virtual world simulator in a real-world venue”. The patent was originally filed to the United States Patent and Trademark Office in July 2020. Are you excited about this Disney world experience?

Read more in detail about Disney’s tech patent for metaverse experience.

Source: Cointelegraph 

Polkadot becomes second-largest development hub after Ethereum

As stated in the reports by Electric Capital, Polkadot has become the second-largest on-chain development ecosystem right after Ethereum. Although Solana did enjoy the status till the last few months of 2021 because of all the NFT hype, it is still behind Polkadot with respect to the total number of developers. With the parachain auctions conducted last year by the ecosystem being a success, it is not at all a surprise to see loads of development happening on the blockchain ecosystem.

The winner of the first auction, Moonbeam is all decked up to go live within a few days after which it shall release EVM to its users. Polkadot began with its second round of auctions way before Moonbeam could go live. Projects such as Efinity and Composable Finance have also won slots for the same. This has led to the expert deduction that Polkadot will continue to attract a lot more developer attention. 

Read more in detail about Polkadot becoming the second-largest on-chain development ecosystem. 

Source: Aliens.com

FTX surpasses Shiba Inu as the Biggest Token position among whales 

Data from the analytics platform WhaleStats reveal that  FTX has surpassed Shiba Inu and is currently ranking as the biggest token position in USD among whales. SHIB has always held this spot and has ranked as the largest token position in USD held in the top 1000 ETH wallets. 

According to experts, the large crypto investors have been increasing their holdings for better prices during the period of dip and correction. According to reports from WhaleStats, Fantom and Chainlink are among the top 10 tokens that whales are currently buying as the market eyes for an uptrend from the relief rally from previous corrections and resistance. 

Read more in detail about how FTX surpasses Shiba Inu as the biggest token holding among whales and what other tokens whales are accumulating.  

Source: U.today

Crypto Market Trend January 11, 2022

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

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by January 11, 2022)  Change in % 
Near Protocol (NEAR) ₹1317.45 18.33%
Cosmos (ATOM) ₹3137.37 5.92%
Dash (DASH) ₹12344.44 1.44%

*Prices are latest by 11:30 AM January 11, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by January 11,  2022)  Change in % 
Ravencoin (RVN) ₹7.41 7.78%
Loopring (LRC) ₹118.45 7.24%
UMA(UMA) ₹676.56 6.61%

*Prices are latest by 11:30 AM January 11, 2022.*

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