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Daily Crypto News Feb 16, 2022: Top 3 crypto updates

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Web 3 is significantly the biggest technological change we are to see in this decade. In today’s crypto news, big companies like Polygon (MATIC) and Cere network have realized the potential of Web3 and have joined hands to start a venture together. They are to launch a Web 3 based media platform. More on this crypto news is below. 

Chingari, a social media platform from India has announced its plan to integrate its native token, GARI to advance the experience of its 130 million user base. It shall achieve the same by integrating crypto wallets running on the Solana blockchain. 

Cardano (ADA) has been breaking some records for the past few months. Reacting to the same, Google has also added ADA to its conversion rate calculator. This signifies that ADA has indeed become crypto of grave importance. This also shows that crypto is being widely loved by people across the globe. More on this crypto news is below.  

 

Quick Crypto News Roundup!

 

 

Daily Crypto News  Feb 16, 2022

Polygon and Cere network yo launch Web 3 media platform, DaVinci 

The layer 2 scaling solution Polygon (MATIC) and Cere Network which is a decentralized cloud platform have joined hands and are together launching a Web 3 venture named DaVinci. The primary aim is to store non-fungible tokens (NFT) backed assets in a more secured manner. This will also ensure that the data is verifiable and truly decentralized. 

Wondering what’s DaVinci? It’s a direct content monetization platform. It aims to help in both NFT value transfers as well as decentralized data transfer. The platform also helps you stream personalized content to the respective NFT holders through smart contracts. 

Source: Cointelegraph 

 

Chingari to integrate native token to advance Web3 social networking 

The Indian Social network hosting 100 million users has deployed a beta testnet of the GARI token and is also in preparation to launch the mainnet. It is trying to revolutionize the experience of its 100 million user base by integrating its native digital asset which shall accompany crypto wallet through the Solana blockchain. 

The interface of Chingari is very similar to that of TikTok, Instagram reels, and youtube shorts. The platform has grown exponentially, given that it was launched in 2018. It has around 35 million monthly active users and is the most popular mobile application in India. It has obtained numerous raises since April 2021 and now plans to incorporate a crypto aspect to enhance the already amazing experience for its users. 

Read: How to assess the value and worth of NFTs

Source: Cointelegraph 

 

Google adds Cardano (ADA) to its Integrated currency conversion rate system 

In the past few years, Cardano has achieved a tremendouss market value. It recently surpassed Ethereum and Bitcoin in the number of total transactions. After all this, Google has also decided to add ADA to its currency conversion rate calculator. Users can now convert ADA to various other fiat currencies such as USD, EUR, GBP, etc. 

This move of Google also confirms that ADA has become major crypto and is being widely utilized. Investors can now make very easy and convenient use of the already existing Google’s infrastructure to perform price calculations of ADA without depending on other services. Wondering how to invest in Cardano? 

Read: Is Cardano (ADA) a good investment? Deep dive into Cardano 

Source: ZyCrypto

 

Crypto Market Trend February 16, 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 16, 2022)  Change in % 
Qtum (QTUM) ₹586.31 12.45%
MyNeighborAlice (ALICE) ₹688.52 11.39%
Avalanche (AVAX) ₹7359.68 11.18%

*All prices are latest by 12 PM IST February 16, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by February 16,  2022)  Change in % 
Alpaca Finance (ALPACA) ₹30.65 3.17%
Elrond eGold (EGLD) ₹15025.92 2.21%
Phoenix Global (PHB) ₹23.00 0.24%

*All prices are latest by 12 PM IST February 16, 2022.*

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