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Daily Crypto News Feb 11, 2022: Top 3 crypto Updates

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The metaverse craze is increasing with every passing day. In today’s crypto news, after H&M opened the first metaverse store, it’s time for Gucci to sell some high-end luxury products virtually. Gucci is in talks with The Sandbox platform to launch the metaverse version of Gucci Vault. Anyone up for luxury fashion items as NFTs? 

The billion-dollar gaming company, Zynga widely famous for its game FarmVille is all decked up to launch its first-ever NFT game. This game shall be a brand new title and not an add-on to the existing game. The company also plans to increase the strength of its blockchain gaming team which currently consists of 15 members and takes it up to 100. Any blockchain game developers in the house? This crypto news is for you. 

McDonald’s has also filed 10 trademarks for its virtual Mcmetaverse restaurants. The fast-food giant also wants a metaverse presence for itself selling actual and virtual goods. Reports suggest that consumers will be able to order virtually and avail home delivery system. Read more on this crypto news below. 


Quick Crypto News RoundUp!


Daily Crypto News  Feb 11, 2022

Gucci Opens Shop in Metaverse via Sandbox

According to a report shared by The Sandbox, Gucci vault, is preparing a virtual world of its online concept store within The Sandbox game. People can easily buy a selected few Gucci fashion items and use them in their own Sandbox experience. 

Gucci in its latest tweet mentioned that it is crafting the future of its virtual presence within the metaverse. Few reports also suggest that Gucci has purchased an undisclosed amount of land in The Sandbox and is trying to create an interactive fashion experience based on Gucci Vault which shall be in collaboration with The Sandbox. It has also joined the long list of brands like Adidas, H&M, Nike, etc in building its virtual presence within the metaverse. 

Source: U Today 


FarmVille Developer set to release first NFT game

The San Francisco-based game developer Zynga who is best known for the development of FarmVille and CSR racing series has announced its plans to release its first-ever NFT game this year. 

The first mark was made by this billion-dollar game studio last year after it appointed the 30-year gaming industry veteran Matt Wolf as their VP of Blockchain gaming. Zynga has also announced that it will increase its current blockchain gaming team which currently consists of 15 members to up to 100 by the end of this year. The firm has its NFT based gaming plans ready with Axios, and also said that forthcoming blockchain-based games shall be brand new titles and shall not be an add-on to the existing games like FarmVille. 

Read: How to assess the value and worth of NFTs

Source: Cointelegraph 

McDonald’s files trademark for Mcmetaverse restaurants 

Although the golden arches made fun of crypto in the previous month, the fast-food giant McDonald’s finally embraced the metaverse by applying for the trademark of its brand within the virtual world. McDonald’s is all decked up to make its move into the metaverse and has registered 110 trademarks already within the virtual space. According to the latest tweet by Josh Gerben, a trademark attorney as well as the founder of Gerben Intellectual property, confirmed that McDonald’s is ready to feature actual as well as virtual goods which shall also have a virtual restaurant doing home delivery. Based on the application the multimedia chain shall also provide downloadable files such as artwork, video files, audio files as well as non-fungible tokens (NFTs). 

Read: Top 10 most expensive NFTs ever sold 

Source: Cointelegraph 

Crypto Market Trend February 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 February 11, 2022)  Change in % 
Theta Token (THETA) ₹325.89 24.06%
ZCash (ZEC) ₹10054.46 1.85%
Ethereum Classic (ETC) ₹2835.64 2.21%

*All prices are latest by 11:40 AM February 11, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by February 11,  2022)  Change in % 
Harmony (ONE) ₹16.51 8.71%
Nervos (CKB) ₹1.21 7.35%
Civic (CVC) ₹23.57 7.27%

*All prices are latest by 11:40 AM February 11, 2022.*

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