Industry News & Trends — November
The month of November has been an emotional rollercoaster for fans of crypto and NFTs alike, as wildly varying news, patterns and events have clashed and crossed each other in the tornado that is cryptocurrency and blockchain adoption.
Here at MozikNFT we like to follow the industry closely, and bring our readers the interesting bits and pieces that stand out the most, and present them in an easy-to-digest fashion.
With that being said, let’s take a look at all the notable events that took place during one of the most important months of the year for crypto.
El Salvador Announces New “Bitcoin City”
The president of El Salvador, Nayib Bukele, announced that his government is planning to build a “Bitcoin City” — a city, entirely run on the biggest cryptocurrency in the world. Known for his bullish attitude towards BTC, the president revealed that the city would be built around a volcano that will also be used to mine Bitcoin with geothermal energy.
According to rumors, the geothermal energy produced from the same volcano can also be used to power the entire city, but details from official sources remain scarce. One thing is for certain, this would be the first of its kind in the world, and a major steppingstone for Bitcoin and crypto as a whole.
Staple’s Center To Rename To “Crypto.com Arena”
The legendary Staple’s Center in Los Angeles, a name that has stood for decades, is undergoing what is being considered by some as one of the largest naming rights deals of the century.
Although not fully confirmed, the process is said to be finalized in late December of this year. A name as simple as Crypto.com, that of one of the biggest exchanges in the world no less, on an arena of such a significance, carries phenomenal implications about the reach and adoption of crypto, and is a step towards an interesting direction.
The Most Expensive Music Gig?
Did you know that singer/songwriter Lilly Allen once turned down a gig that offered her 200,000 BTC in 2009? At today’s prices, that amount would be worth over 11.5 billion dollars, which would have made her the richest woman in the world!
Although this could be considered one of the greatest missed opportunities in music history, she isn’t to blame, and most people think so as well. Hardly anyone at the time knew what Bitcoin was, and nobody expected it to reach where it is today. Chances are even if she or anyone else had accepted the deal, they would have sold when the price doubled or tripled down the line.
Comel GameFi Music — Now Available On MozikNFT!
If one thing has puzzled audiences, it’s how the collective NFT market cap has taken a plunge despite massive adoptions taking place. Project after project is announced every day, and the innovation brewing within the space itself is, besides fascinating, a driving force for the spread and utilization of non-fungible tokens.
Speaking of, in case you missed it: The Comel GameFi Music Collection is now available to trade on the MozikNFT marketplace! The NFT collection, featuring more than half a dozen pieces, is inspired by 80’s movies and video games. In times of great technological advancement, it is always important to look back at everything that played a role in bringing us to the point at which we are today.
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