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A pro crypto member of the European Parliament has reportedly been arrested in Belgium after being accused of corruption. According to a new report by local Belgian publication Le Soir, Greek Social Democrat and European Union (EU) Vice President Eva Kaili, known for being in favor of digital assets, was arrested alongside three other officials […]
The post Pro Crypto Member of European Parliament Arrested in Belgium on Corruption Allegations: Report appeared first on The Daily Hodl.
Spain, Portugal and Brazil national teams' fan tokens are experiencing a price boom as the World Cup gets underway.
The FIFA World Cup in Qatar is boosting the value of national soccer team fan tokens despite the cryptocurrency bear market.
These digital fan tokens are currently rallying despite the cryptocurrency market downturn, securing up to 170% gains from the Nov. 10 lows. At the core of the massive uptrend is the World Cup, which will be held from Nov. 20 to Dec. 18 in Qatar.
Fan tokens are cryptocurrencies that enable fans to engage with and participate in their favorite team's decisions. Moreover, they create new sponsorship opportunities for sports clubs and national squads outside of traditional revenue sources.
Here's a brief overview of the top gainers in the fan token sector, alongside their technical outlook during the course of the World Cup.
The Spain National Football Team Fan Token (SNFT) emerged as the top gainer in the sports token section, rising 170% to a high of $0.54 on Nov. 19, nine days after bottoming out at $0.20.
SNFT's outperformance versus other fan crypto tokens may reflect the Spanish football team's higher odds of winning the World Cup in 2022. But in traditional terms, Spain's odds of winning the trophy is +800, meaning betting $100 would yield $800, according to Vegas Insider.
From a technical perspective, SNFT trades inside a neutral zone, as confirmed by its daily relative strength index (RSI) at around 58, below its overbought threshold of 70.
In other words, SNFT shows potential to continue its rally during the World Cup and its price should reflect how the Spain National Football team performs.
For instance, back-to-back wins for Spain may stretch SNFT's valuation above its current resistance level of $0.538 for a potential run-up toward its record high near $0.718, as shown in the four-hour chart below.
Conversely, a pullback from $0.538 could have SNFT eye a correction toward $0.412, down about 18% from today's price.
Spain will next play Costa Rica on Nov. 23 in the Group E category, followed by a standoff against Germany on Nov. 28.
The Brazil National Football Team Fan Token (BFT) appears to be the crypto market's second favorite fan token. Its price has rallied 130% in just nine days, from $0.45 on Nov. 10 to over $1 on Nov. 19.
Brazil is the favorite to win the World Cup this year with +350 odds in traditional betting circles, meaning a $100 bet would return $350. That could serve as a fundamental factor behind BFT's growth in the coming weeks, given the token still has room to run based on its neutral daily RSI.
As of Nov. 19, BFT eyes a breakout above $1.05, its current resistance level, toward its short-term upside target at around $1.16. An extended rally could occur if Brazil wins the World Cup on Dec. 18, paving the path toward $1.31, up 25% from today's price.
Related: Metaverse community with 3M users adds utility with FIFA World Cup 2022™ collaboration
Conversely, a pullback would risk sending BFT toward $0.82, its October 2022 support level.
Brazil's first match is against Serbia on Nov. 25 in Group G, followed by a standoff against Switzerland on Nov. 28.
The Portugal National Team Fan Token (POR) is the third-best performer in the ongoing fan token boom, rising about 100% to $6 on Nov. 19, nine days after hitting lows of $3.10.
Traditional bookies measure Portugal's odds of winning the World Cup at +1600, meaning betting $100 would yield about $1,600.
POR now tests $6 as its resistance, with its daily RSI near 64, just six points below its overbought threshold. A decisive pullback from the said price ceiling could have POR eye a correction toward $4.80, its support level from September-October 2022.
Conversely, continued success in the World Cup for Portugal may flip the scenario to bullish, leading POR above its $6-resistance to eye a rally toward or above $7.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
A one-of-a-kind NFT of the Birkenstocks sandals worn by Apple co-founder Steve Jobs at various times during his life has sold for over $200,000.
Footwear and apparel giant Nike has unveiled its latest foray into the nonfungible token (NFT) and metaverse space with the launch of an NFT marketplace named .Swoosh.
While .Swoosh is still in the beta phase, Nike announced that its “first digital collection” is set to launch on the Web3 platform in 2023, with the rest of 2022 devoted to growing the platform and user base.
✅ About .SWOOSH ♂️
— ycxc RTFKT (@ycxcRTFKT) November 14, 2022
.SWOOSH is a platform for @Nike's virtual creations, for them to be more accessible and to onboard the next millions into the wonderful world of web3 and digital assets.
pic.twitter.com/F0M7Q8Ddwk
Among the “virtual creations” to become available next year are digital sneakers, apparel, accessories and other collectibles. In addition, some will unlock benefits such as access to real-life products and events.
Following the first collection drop, members can enter a community challenge to win the opportunity to co-create a virtual product with Nike.
According to Nike, the winners of the challenge can earn an undisclosed amount of royalties on the virtual product they help co-create.
Ron Faris, general manager of Nike Virtual Studios, said .Swoosh offers a “gateway into a new digital arena,” while the Twitter post from Nike said the platform would help “onboard the next millions” into the “wonderful world of web3 and digital assets.”
“We are shaping a marketplace of the future with an accessible platform for the web3-curious,” he added.
In 2021, Nike entered the metaverse game through the acquisition of virtual sneakers and collectibles brand RTFKT. It also launched the virtual world Nikeland.
.SWOOSH uses similar tools and technologies but all three are different projects for the company.
A one-of-a-kind NFT of the Birkenstocks sandals worn by Apple co-founder Steve Jobs at various times during his life has sold for $218,750 at an auction.
Julien’s Auctions ran the auction from Nov. 11 to Nov. 13, with 19 people overall trying to claim the footwear with offers ranging from $15,000 to $175,000.
Included in the deal was an NFT featuring a 360° digital representation of Steve Jobs sandals, which was minted on the Polygon blockchain.
The NFT is a 1-of-1 edition and included the physical sandals, with the “imprint of Steve Jobs’ feet.” It also came with a hard case for storage and transport and a Jean Pigozzi book titled The 213 Most Important Men in My Life.
Initially, the sandals and NFT were projected to fetch between $60,000 and $80,000, but after 19 bids, the sandals ended up going for $218,750. The new owner of the sandal NFT has not been publically disclosed.
Jobs and Steve Wozniak co-founded Apple in 1976. Jobs died of pancreatic cancer in 2011.
Bangalore International Airport has launched Metaport, a metaverse airport built on the Polygon blockchain.
Hello flyers ✈️ @BLRAirport launches #Metaport, the 's first airport metaverse exclusively #onPolygon to showcase the T2 Terminal.
— Polygon - MATIC (@0xPolygon) November 12, 2022
Experience the phygital world of
Socializing
️ Shopping
Entertainment
Welcome to the future powered by #Polygon, @AWS & @Intel pic.twitter.com/9ESUoIvplm
Inaugurated by Indian Prime Minister Narendra Modi on Nov. 11, the metaverse features a virtual reproduction of Terminal 2 at Bangalore International Airport and allows users to network with other travelers, access entertainment and go shopping in the digital space.
Arpit Sharma, vice president of enterprises at Polygon, posted a Nov. 12 video of Metaport in action.
BLR metaport powered by @0xPolygon, @awscloud, @intel, @BLRAirport goes live today! Super proud!
— Arpit (@Arp_it1) November 12, 2022
Bengaluru is leading the way - @Tejasvi_Surya
Kudos to the amazing leaders and team@HariMarar @sandeepnailwal @kamakshi_taneja @nikhilv @kanishkaagiwal https://t.co/5X9BBLOUIL pic.twitter.com/VgTomeNBxz
In the video, a user logs into the Metaverse airport, customizes their avatar’s appearance and clothing and then wanders around the virtual space.
The avatar interacts with several other users through a text-based chat, goes on an art tour and gets the chance to purchase digital items before a boarding call prompts the user to leave the metaverse.
The project is the result of a joint venture between Bangalore International Airport, Polygon, Intel and Amazon Web Services and is being called the first metaverse airport in the world by its creators.
The 2022 FIFA World Cup is rapidly approaching its Nov. 20 kickoff in Qatar and in the leadup, several companies have been releasing NFT collections and announcing Web3 games for the event.
Sportswear manufacturer Adidas posted a Nov. 14 promotional trailer for the World Cup featuring its Bored Ape Yacht Club (BAYC) character Indigo Herz alongside Lionel Messi and other players.
catch our family reunion all World Cup long #ImpossibleIsNothing pic.twitter.com/UCNG2WBnLg
— adidas (@adidas) November 14, 2022
Herz was on a cereal box of “Indigoooooals.”
The footwear giant purchased Indigo Herz, or BAYC #8774, on Sept. 17, 2021, for 46 Ether (ETH) — worth approximately $58,500 at the time.
Yuga Labs grants holders full intellectual property rights to use the characters for commercial endeavors.
Related: Wuhan omits NFTs from metaverse plan amid regulatory uncertainty in China
Earlier this month, major credit card company Visa released five soccer-themed NFTs for auction on Nov. 1 featuring World Cup goals of famous players. The auction lasted until Nov. 8, with all proceeds donated to a United Kingdom-based charity.
The payments company is also giving fans a chance to create their own NFTs on a digital pitch at the FIFA Fan Festival, which will launch during the World Cup.
On Oct. 14, Budweiser partnered with FIFA to release a live scoreboard NFT collection called Budverse X World Cup.
According to the OpenSea description, once users mint their world cup team, the NFT will follow and track the progress throughout the FIFA World Cup.
Meanwhile, FIFA announced on Nov. 9 they will have at least four Web3 games that fans can play while at the World Cup.
NFT marketplace OpenSea announced it will continue to enforce royalties across all collections going forward, following an outcry from creators for considering otherwise.
Web3 technology has opened a whole new frontier for musicians, but the head of IP at Animal Concerts metaverse platform says onboarding someone like Snoop who is active in the space is very different from “artists who don’t typically keep up with the Web3 ecosystem.”
Digital payments company Visa is auctioning soccer-themed non-fungible tokens (NFT) on digital asset exchange Crypto.com ahead of FIFA World Cup Qatar 2022. The payments giant is holding the Visa Masters of Movement auction to benefit Street Child United, a charity working to change the negative perceptions of street children. During the auction period from November […]
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