Pop star Justin Bieber buys Bored Ape NFT for $1.29M The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum, or $1.29 million at the time of settlement. What was interesting about Bieber's NFT acquisition was the fact that the BAYC's floor price was 104 ether, or $270,908 at the time of sale.
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In the news Apple on metaverse: We see a lot of potential Apple CEO Tim Cook says the metaverse has a lot of potential and his company is investing accordingly. "It's very interesting to us," he noted. Jump Crypto replaces $320M in ETH taken from Wormhole exploit On February 2, 2022, the Wormhole Network's ethereum ↔ solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million. El Salvador rejects IMF call to abandon bitcoin as legal tender El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender.
Facebook changes its name to Meta and everyone wants their own metaverse! A successful metaverse incorporates a digital economy. If its tokenomics do not facilitate liquidity and new cash coming into the ecosystem, the digital economy will fail and the metaverse will implode.
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