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Daily Crypto News Feb 27, 2022: Top 3 crypto updates

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In today’s crypto news, we are about to see some happenings around the NFT space. Solana-based payment protocol has raised $15M in Series A funding. According to the company, the funds shall be utilized in scaling the system. 

NFT platform Ucollex has also raised $10 million in Series A funding which was led by Animoca Brands and MCP IPX from Japan. This is one of the 150 NFT based investments done by the Animoca Brand. 

Solana’s number 1 NFT marketplace is airdropping NFTs. In an official blog released by the company, it is conducting an airdrop in three phases for its active users. More on this NFT news below. 

 

Quick Crypto News Roundup! 

 

Daily Crypto News  Feb 27, 2022

Solana-based payment protocol Zebec raised $15M in series A funding

Zebec an instant and continuous money stream protocol on Solana has raised a $15million Series A funding that was led by Solana Ventures as well as Distributed Global. It also saw participation from Coinbase Ventures, Alameda research, lightspeed, Circle as well as others. 

The new funding raised by Zebec shall be used in the scaling of the protocol as stated by the company. The main idea behind the product is to make the sending and receiving of payments easier. 

Read: What is Anchor Protocol? How to Buy Anchor Protocol in India

Source: The Block 

 

NFT platform Ucollex raised $10M in series A funding

A Hong Kong-based, non-fungible token (NFT) platform focusing on pop and art culture collectibles, Ucollex, has raised $10 million in a Series A funding round that was led by Animoca Brands and the MCP IPX One Fund from the Japanese investment firm MCP Asset management. 

Animoca Brands has helped other NFT led ventures before and currently has a portfolio of 150 investments in NFT related companies. 

Read: How to protect your NFTs

Source: CoinDesk

 

Solana’s #1 NFT marketplace is airdropping NFTs

Solana’s #1 NFT marketplace has MagicDAO has announced about airdropping NFTs to show love to the people who actively trade in their native token Magic Eden. A 3 level Magic Ticket airdrop has been decided by the team on the basis of the first date of the transaction with ME. The team airdropped around 4000 NFTs on Monday for the active wallets. If you haven’t received your airdrops yet? Don’t worry because according to the official reports from the company, the airdrops are not complete yet. 

Read Top 10 NFT marketplaces 

Source: Magic Eden 

 

Crypto Market Trend February 27, 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 27, 2022)  Change in % 
STP Network (STPT) ₹7.05 3.60%
Cosmos (ATOM) ₹2265.56 3.27%
Siacoin (SC) ₹0.70 3.19%

*All prices are latest by 11:30 AM February 27, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by February 27,  2022)  Change in % 
Chromia (CHR) ₹29.75 5.61%
MyNeighborAlice (ALICE) ₹545.71 5.19%
Aave (AAVE) ₹10427.52 5.32%

*All prices are latest by 11:30 AM February 27, 2022.*

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