Crocs, the leading footwear brand is stepping into the world of non-fungible tokens (NFTs), according to a trademark application filed on January 11 with the United States Patent and Trademark Office (USPTO). The trademark filing requests the right to use the Crocs name on NFTs of ‘footwear, clothing, bags, accessories, and charms for decorating’ as well as the software needed to create and sell them. In fact, the application is marked for ‘Downloadable computer software for creating, managing, storing, accessing, sending, receiving, exchanging, validating and selling digital assets, digital collectibles, digital tokens and non-fungible tokens (NFTs).’ The filing indicates that the footwear brand is preparing to issue NFTs, according to a well-known crypto-intellectual property lawyer. Its counsel, WilmerHale, filed on an ‘intent-to-use’ basis, meaning Crocs has a bona fide intention to use it in commerce. This is not the first time a show brand is moving into digital wearables. In December 2021, Nike bought NFT collectibles startup RTFKT, a virtual shoe company that makes NFTs. Even Adidas scooped up $23 million in sales after its first NFT drop. NFTs could spell a lucrative new business for the publicly traded Crocs, which posted 67 percent revenue growth year over year in 2021. Executives initially spoke of the company’s digital focus in its Jan. 11 earnings call but made no mention of the metaverse. Founded in 1999, Crocs has a market cap of $7.4 billion. The shoe company sells its products in approximately 80 countries through wholesalers, retail stores, e-commerce sites, and third-party marketplaces.

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Alkesh Shah, a digital asset strategist at Bank of America has revealed he believes Solana ($SOL) has the potential to “become the Visa” of the cryptocurrency space as it focuses on scalability, low transaction fees, and ease of use. As reported by Business Insider, Shah has pointed out that Solana has settled over 50 billion […]

A closely followed bitcoin analyst has revealed he invested in the meme-inspired cryptocurrency Shiba Inu ($SHIB), despite rival memecoins Dogecoin ($DOGE) seeing a significant rise after Tesla started accepting it as a payment method for merchandise. The pseudonymous bitcoin analyst Pentoshi, who has over 460,000 followers on the microblogging platform Twitter, revealed he “bought some […]

Until now, NEAR Protocol has quietly grown as a scalable, proof-of-stake network.

The post The rise of NEAR Protocol as a project led ecosystem appeared first on CryptoSlate.

The proof is in the pudding when it comes to Bitcoin’s proof-of-work mechanism versus a proof-of-stake consensus mechanism debate.

Adam Gibson, aka Waxwing, is the lead maintainer for one of Bitcoin’s most prolific CoinJoin projects. And he sees a bright future for transaction privacy.

The mayor of Rio de Janeiro, the financial heart of Brazil, has revealed he is planning on allocating 1% of the city’s treasury reserves to buy cryptocurrency, a move that would make Rio de Janeiro de first Brazilian city to buy BTC and potentially other cryptoassets. According to a report published by local news outlet […]

The launch makes Moonbeam the first fully operational parachain on the Polkadot network.

Visa and ConsenSys, a blockchain software startup, are working to develop a central bank digital currency (CBDC) pilot program to explore retail applications such as cards and wallets. Both firms will first meet with an estimated 30 central banks to discuss the goals that governments hope to achieve with government-backed digital currency. The pilot program is scheduled to begin in the spring of this year. Visa To Pilot CBDC In Select Countries Visa (V) announced on Thursday that it will take its crypto services to the next level by teaming with blockchain software company Consensys to create a central bank digital currency onramp (CBDC). The payments giant plans to launch a “CBDC sandbox” in the spring, where central banks can try out the technology after minting it on Consensys’ Quorum network. Visa Trades At $214. Source: TradingView Customers will be able to use their CBDC-linked Visa card or digital wallet anyplace Visa is accepted globally, according to Catherine Gu, Visa’s head of CBDC, who spoke with ConsenSys in a blog post Q&A. Gu Said: “If successful, CBDC could expand access to financial services and make government disbursements more efficient, targeted and secure – that’s an attractive proposition for policy makers.” A CBDC is a type of central bank obligation that is issued in digital form and can be used by the general public, comparable to the US dollar. Related article | Visa Survey Shows Crypto Payments Could Boom In 2022 Countries Are Launching CBDCs The decision comes as regulators around the world struggle to figure out how to treat CBDCs in a changing financial landscape dominated by cryptocurrencies. The notion that crypto and digital money will upend financial markets or replace fiat currency is a major issue. Mastercard also announced the launch of a CBDC test platform in 2020, which allowed banks to simulate the issuance, distribution, and exchange of CBDCs amongst banks, financial service providers, and consumers. “Central banks are moving from research to actually wanting to have a tangible product they can experiment with,” Chuy Sheffield, Visa’s head of crypto. If Visa is successful, it might help bridge the gap between central banks and financial institutions. Visa is accepted by over 80 million merchant locations worldwide. In the last year and a half, the number of countries investigating CBDCs has more than doubled. According to the Atlantic Council’s CBDC tracker, at least 87 different countries — accounting for 90% of global GDP — are considering financial technology in some way. China has already started a number of digital yuan pilot initiatives and plans to accept the currency for the Beijing Winter Olympics. Nigeria and the Bahamas have their own CBDCs in circulation. In early December, Visa announced the formation of a worldwide crypto advisory practice to assist financial institutions in developing their cryptocurrency operations as demand for crypto goods grows. Related article | Visa Is Building A Payment Channel Network On Ethereum Featured image from Pixabay, chart from TradingView.com

Following the announcement that Facebook’s dad or mum firm could be rebranding in a shift in the direction of the Metaverse, many initiatives have began comparable initiatives coming into the digital area, from shopping for property to testing the boundaries of what this universe has to supply.  Visit Disneyland… within the Metaverse? The leisure firm […]

The post Disney, Second Life and Okay-pop appeared first on Bitcoin Upload.

Cryptocurrency trader Justin Bennett is revealing where he sees Bitcoin (BTC), Ethereum (ETH) and two altcoins heading in the coming days and weeks. Starting with Bitcoin, Bennett tells his 7,820 YouTube subscribers that the first resistance level the flagship cryptocurrency will come up against if it keeps going up is at $45,600. According to Bennett, […]

The post Here’s What Next for Bitcoin, Ethereum and These Two Altcoins, According to Crypto Analyst Justin Bennett appeared first on The Daily Hodl.

Shark tank star and billionaire Mark Cuban is revealing his crypto portfolio, which includes several non-fungible tokens (NFTs) and altcoins built on Ethereum (ETH). According to ETH search engine EtherScan, Cuban’s top altcoin holdings include data exchange platform Ocean Protocol (OCEAN), cross-chain smart contract protocol Rarible (RARI), the governance token of the Olympus DAO (gOHM), […]

The post Mark Cuban Is Quietly Accumulating Several Altcoins Built on Ethereum – Here’s a Look at the Billionaire’s Top Crypto Holdings appeared first on The Daily Hodl.