AUS
NZ
UK
CA
USA
IND
Highlights
- Ukraine has said it will issue non fungible tokens to fund its military.
- Russian President Vladimir Putin has said Russia’s invasion of Ukraine was “going to plan”
- Metaverse token, The Sandbox has announced that it will partner with Japanese role-playing game industry giant Square Enix
Ukraine has said it will issue non fungible tokens to fund its military.
Ukraine’s vice-prime minister, Mykhailo Fedorov, made the announcement via Twitter on Thursday, stating that the government would soon issue NFTs to help pay for its armed forces.
Fedorov added that the government had withdrawn earlier plans to reward cryptocurrency donors with an airdrop - a free digital token distribution to a community in order to encourage participation in a project.
The announcement comes as Ukrainian President Volodymyr Zelensky has pleaded for more assistance from the West in fighting Russian forces.
Meanwhile, Russian President Vladimir Putin has said Russia’s invasion of Ukraine was going as per plan, stating the two nations are “one people” and vowing to “destroy anti-Russian sentiment created by the West.
Market News
Bitcoin has dipped nearly 4% in the past 24 hours to hit US$42,204. Similarly, Ethereum dipped around 5% overnight to hit US$2,800.
Altcoin News
Metaverse token, The Sandbox has announced that it will partner with Japanese role-playing game industry giant Square Enix to revive medieval-themed franchise – Dungeon Siege.
A roll playing game, Dungeon Siege, is an IP that follows a farmer and his companions on a journey to combat invading forces. The Sandbox hopes to take Dungeon Siege into the metaverse.
The game will feature non-fungible tokens (NFTs) representing collectible plots of virtual land as well as in-game gear. The players will also be able to craft their own original adventures.
Square Enix first announced they would be taking a closer look at blockchain technology and NFTs in January. The company, known for the hugely popular series, Final Fantasy, hasn’t made a Dungeon Siege game since 2011.
Winners and Losers
Image Source @ 2022 Kalkine Media®
Data Source: Coinmarketcap.com, based on top 100 cryptos.
Note: Growth from the 24 hours prior to 12:30pm AEDT
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
