Altcoin Daily host Austin Arnold says crypto investors holding these metaverse, non-fungible token (NFT), and decentralized finance (DeFi) assets should be excited by recent news.
In his latest YouTube update, Arnold breaks the news that fashion giant Gucci has bought virtual land in the Ethereum-based metaverse, The Sandbox (SAND).
Gucci’s plan to sell virtual fashion on the blockchain is great news for Ethereum (ETH) and The Sandbox, according to Arnold.
“This is a huge step forward for selling fashion now in the metaverse… Gucci does not want to fall behind, they want to be fashion-forward in this new metaverse space.
Good for The Sandbox, good for Ethereum.”
Arnold moves on to DeFi blockchain Algorand’s (ALGO) recent CEO hire of JPMorgan and Nasdaq alumni Staci Warden.
“This is a huge get for the Algorand Foundation…
She has heavy experience in the traditional finance world, now the CEO of Algorand…
More traditional juggernauts jumping from traditional finance into the blockchain, specifically ALGO. Pretty cool if you hold Algorand.”
The Altcoin Daily host also brings Snoop Dogg’s recent partnership with Gala (GALA) to his viewers’ attention. The world-famous California rapper will drop an “NFT LP” exclusively on the Gala blockchain.
“If you hold GALA, you like this… People on the blockchain are getting access to this first. Great get for Gala Games.”
Staying in the NFT sector, Arnold reports that NFT auction platform Ethernity (ERN) has raised $20 million for NFT and gaming developments in their new studio.
“Ethernity just raised a whole bunch of money and opened up a new studio to bring in even more IP [intellectual property] to drop NFTs through Ethernity…
Do not count Ethernity out.”
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Featured Image: Shutterstock/Mia Stendal/Satheesh Sankaran
Source: https://dailyhodl.com/2022/02/11/holders-of-the-sandbox-sand-algorand-algo-and-these-two-crypto-assets-should-get-excited-altcoin-daily/