The Digest

• MATIC Takes Off as Opera Launches On Polygon (NASDAQ:). To Integrate Polygon

• Europe’s Largest Telecoms Company Becomes a (DOT) Validator

• Crypto Funds will Bloom in 2021. Worldwide Crypto Funds reach $63 billion

• Crypto.com Gets Super Bowl Airtime, Justin Sun’s Blue Origin Space Trip

• NFT Gaming Sets Record Revenue in Q3, Bored Ape Yacht Club NFTs Displaces CryptoPunks

MATIC Takes Off as Uniswap Launches Polygon Opera To Integrate Polygon

The Polygon season is continuing as more uses are found for the project. The year ended in style with Uniswap V3 being launched on Polygon Network on December 23rd. This was after a successful vote which saw the approval of over 72 million Uniswap(UNI) token holders.

Users of Uniswap, the largest decentralized exchange in the market, can now swap tokens using the Polygon blockchain via Uniswap’s official interface. Opera announced an additional partnership with Polygon.

Opera plans to incorporate Polygon into its network in the first quarter 2022. Opera users will have access to about 3000 dApps via the Polygon network. The integration will allow them to use a Web3-compatible browser as well an Android built-in crypto wallet.

MATIC, Polygon’s native token, rallied following the announcement, setting a new all-time high at $2.70. MATIC’s year-to-date gains have exceeded 14,400%, which makes it one of most successful cryptos in 2021.

A three-month Polygon price chart (MATIC) Source: Tradingview

Flipsider:

• Polygon was a popular target of hackers with $31 Million stolen recently MonoXThe network

Why you should care

Polygon’s strong performance can be linked to its unique solution to one of the major problems that have plagued the blockchain since its launch, scaling.

Europe’s Largest Telecoms Company Becomes a Polkadot (DOT) Validator

Deutsche Telekom AG, (DE:), Europe’s largest telecoms company has announced it had purchased a substantial amount of Polkadot (DOT tokens) through one its subsidiaries.

This telecom giant provides infrastructure support for Chainlink and Dapper Labs as well as Celo. The latest Polkadot validator has been added to the list. Deutsche Telekom AG (OTC) revealed that they will stake the DOT it purchased.

In an interview, Andreas Dittrich, head of Deutsche Telekom’s Blockchain Solutions Center, explained;

“Like we did before with Celo, we are also investing in DOT tokens to be able to participate in the governance of the network and basically put our money where our mouth is to support our infrastructure case.”

Flipsider:

• Deutsche Telekom AG invests Polkadot in a period when the DOT token lost over 50% of its ATH values

Why you should care

Dittrich explained that Blockchains such as Polkadot can be used in many applications for both emerging industries and traditional supply chains.

Crypto Funds will Bloom in 2021. Worldwide Crypto Funds reach $63 billion

ProShares’ debut of futures-tracking funds was one of the highlights in a remarkable year for crypto. It opened the door to other funds, and also enabled more investors to invest.

New intelligence data shows that assets in crypto funds worldwide now total $63 billion. This is a significant increase from the $24 billion recorded at the beginning of 2018. This is in line with steady institutional flows throughout 2021.

The number of cryptocurrency-tracking investment vehicles has also more than doubled since the beginning of 2021. At the beginning of 2018, there were only 35 funds, as compared with the 80 available today.

Flipsider:

• Even with an increasing number of options, regulators are still able to regulate. Applications for ETF spot rejectionsThis will allow investors to have direct access to cryptocurrency.

Why you should care

The increasing popularity of ETFs is seen by investors as a positive step towards mainstream cryptocurrency adoption.

Crypto.com Gets Super Bowl Airtime, Justin Sun’s Blue Origin Space Trip

Crypto.com, a leading crypto-service provider is looking to be a major consumer brand by running an advertisement on the largest stage. In the Super Bowl 2022, Crypto.com will air its first Super Bowl advertisement. It is based in Singapore.

The cost to run a 30-second ad during Super Bowl LVI at $6.5 million, according to reports. Crypto.com, a crypto-service provider, has taken a focus on marketing. This includes the recent $700m paid to Crypto.com for 20-year naming rights on Staples Center.

Flipsider:

• UK’s advertising regulator has banned Arsenal football club’s fan token ad for violating its laws

Justin Sun is a crypto-entrepreneur and the founder of TRON. He has now announced his participation in the Blue Origin Space Trip. Sun said he was an anonymous bidder in the $28million auction to win a place on Jeff Bezos’ first crewed mission in 2022.

Sun revealed that he will select five “space warriors” to join him in realizing a childhood dream by journeying into space. These people will have “special status” in crypto, technology, and art.

Why you should care

Increased adoption is a sign that cryptocurrencies are being used in new ways by both crypto-firms and cryptocurrencies.

NFT Gaming Sets Record Revenue in Q3, Bored Ape Yacht Club NFTs Displaces CryptoPunks

Gaming became the most prominent adopter of NFTs in 2021. NFTs were increasingly used in games and the industry’s revenue in Q3-2021 was record-breaking at $2.32B.

The Blockchain Gaming Alliance published a report that showed the gaming sector accounted for over 22% of Q3’s $10 billion NFT trading volume. It adds that the industry recorded a “6,566% increase in daily unique active wallets.”

Flipsider:

• The price of CryptoPunks fell steadily over the past few months. Now, for the first ever time, CryptoPunks’ floor price (the lowest) is lower than that of the Bored Ape yacht Club.

• It is now slightly more expensive than the CryptoPunk NFT currently at 52.69ETH (210,515), with the BAYC NFT floor price at 53.9ETH ($215,000.350).

Why you should care

Microtransactions in gaming have made it a lucrative market for NFTs.

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