The announcement of the hire comes amid a rapid rise in the CryptoPunk collection’s floor price and trading volume.
After briefly making a low of $17,708, BTC rebounded to trade around $18,100 levels, down 12% in the last 24 hours.
Ukraine has already leveraged crypto and blockchain to finance its defense against Russia’s invasion, raising over $135 million in crypto from donors around the world by mid-May, analytics firm Crystal Blockchain.
The NFT market has been largely resilient amongst the current bear market conditions. Investors have built substantial NFT portfolios, investing in blue-chip NFT projects as long-term investments.
Bitcoin has lost around 65% of its value since November 2021 when it touched $69k mark.
Cryptocurrency exchange Crypto.com will lay off about 260 people, or 5% of its corporate workforce, the crypto exchange’s CEO Kris Marszalek said.
The crypto lending firm has put together a formal Letter of Intent to acquire the remaining qualifying assets, mainly collateralized loan receivables secured by corresponding collateral assets, brand assets, and the customer database of the business.
Mastercard recently surveyed a group of over 35,000 people in 40 countries and found that 45% had purchased an NFT or would consider buying one.
Salesforce NFT Cloud is currently a pilot program available to limited customers, but it’s set to be offered widely in October.
Purpose plans on working with over 300 other social enterprises & NGOs around the world to help them raise funds through Impact-NFTs to fight pressing global challenges.