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

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After the bold moves in the crypto sector across the globe, all big tech giants are ready to unravel the world of blockchain. In today’s crypto news, Alphabet has started to assemble its Blockchain avengers to explore the world of Web3 technologies. According to the recent interview by Sundar Pichai, CEO of Alphabet, the company wished to integrate blockchain into its power computing services layers such as Google Maps and YouTube. 

The famous music company, Coachella has started to sell lifetime passes to its festival. But the catch in this event is one needs to buy an NFT for the same. There are some added perks to this NFT which also includes front row seats for the 2022 festival and celebrity chef dinner. Who’s up for some blockchain music? More on this crypto news is below. 

The total value locked (TVL) amount of Cardano has increased by 9000%. Insane, right? All thanks to the launch of the decentralized exchange (DEX) SundaeSwap. This rise was highly anticipated by the network and is expected to bring more amazing news for the protocol. 

 

Quick Crypto News Roundup!

 

Daily Crypto News  Feb 3, 2022

Alphabet exploring blockchain technology for flagship services

Google has started to gather its blockchain team and has started to explore the ideas where it can benefit from Web3 technologies. According to a statement released by Sundar Pichai, CEO of Alphabet, the company is intensively exploring the integration of blockchain technologies into its flagship products and services. When asked how Web3 is being viewed by Google, Pichai talked about several areas of interest from Alphabet’s point of view. He hinted at augmented reality and how exploring blockchain technology shall be utilized to power the computing service layers such as Google Maps and YouTube. 

Source: Cointelegraph 

Coachella to sell lifetime festival passes as NFTs

Coachella has started to sell lifetime festival passes for the first time and the best part about this crypto news is that you have to purchase an NFT to get one.  The music festival launched its NFT marketplace yesterday that was built on FTX US, with three collections of NFTs. The sale is going to start on February 4th. 

The Company is going to auction the Coachella Keys collection which is a group of 10 NFTs that shall allow holders a lifetime ticket to the festival. Owners of the token will receive passes to Coachella every year along with access to Coachella-produced virtual experiences for a lifetime. Other benefits of the NFT purchase include front row access to the 2022 festival and celebrity chef dinner. 

It is not at all surprising to see the music festival jumping onto the NFT craze because, in November 2021, the parent company of Coachella renamed the Staples Center to Crypto.com Arena. If the NFTs are resold, Coachella, photographers, art installation artists, and design artists shall also receive a royalty. So, who’s up for an NFT lifetime pass?

Source: The Verge  

Cardano’s TVL jumps over 9000% in January due to SundaeSwap’s Launch 

Cardano Foundation pointed out on February 1, 2022, that its total value locked (TVK) amount on the platform has surpassed by 9000% in the last month which was highly anticipated after the launch of the decentralized exchange (DEX) SundaeSwap. 

The total value locked (TVL) for a DeFi protocol is the aggregate amount of funds that are locked into that protocol. The TVL of Cardano increased from $822261 at the beginning of January to $74,890,000 by the end which is around a 9007% jump. 

Experts believe that this will surely help the crypto to come out of its deep slumber and make some moves. Do you HODL Cardano? Check out its latest prices in the CoinDCX app

Source: Cryptoglobe 

Crypto Market Trend February 3, 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 3, 2022)  Change in % 
Quant (QNT) ₹9962.12 19.14%
STP Network (STPT) ₹6.75 12.26%
Internet Computer (ICP) ₹1688.27 3.79%

*All prices are latest by 11:45 AM February 3, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by February 3,  2022)  Change in % 
Solana (SOL) ₹7857.08 10.66%
Chainlink (LINK) ₹1252.28 9.32%
Synthetix Network (SNX) ₹414.39 9.86%

*All prices are latest by 11:45 AM February 3, 2022.*

Read: The Crypto Taxation Guide for Budget 2022

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