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Robinhood rolls out a beta version of its Web3 wallet
Trading platform Robinhood launched a beta version of its Web3 wallet on Tuesday, allowing users to swap assets in its non-custodial wallet. Officially called Robinhood Wallet, the standalone app will support Polygon as the first blockchain network.
During the beta, participating customers will be able to download the app, fund the wallet with USDC as the primary token of an official representative, trade and exchange cryptocurrencies without fees on the network, earn crypto rewards, store and track their blockchain wallet, and connect to decentralized applications (dapps) to earn revenue. Viewing NFTs and connecting to NFT Markets will be supported when Robinhood Wallet is available to the general public, but is not part of the beta program.
Walmart Enters Metaverse
Walmart has officially entered the metaverse. The retail giant has taken its first steps into the virtual world by launching Walmart Land and Walmart’s Universe of Play on Roblox.
According to the company’s announcement Monday, Walmart Land is focused on “immersive experiences,” with key features including a physics-challenging Ferris wheel, unlockable icons and decals, an interactive piano arcade, and a DJ booth for users. Walmart’s chief marketing officer, William White, said the company will use Roblox as a testing ground, as it considers other moves in the metaverse and beyond.
Fed chief urges caution over DeFi regulation
After the collapse of the stablecoin TerraUSD, which was supposed to maintain its value against fiat currency, and the emergence of the recent “crypto winter” some policy makers were eager to enact regulations for the decentralized finance (DeFi) sector. However, Federal Reserve Chairman Jerome Powell said on Tuesday that DeFi regulation should be done “carefully and thoughtfully” given its limited impact on the real economy.
Powell also indicated that he is in no hurry to introduce a central bank digital currency, a digital form of public money that is under consideration in many jurisdictions around the world. The measured approach that Powell suggests could boost the crypto market in the short term as investors get a temporary reprieve from the major market shake. Mainstream cryptocurrencies Bitcoin and Ether are bullish on Tuesday after the comments.
AC Milan partners with Web3 Soccer Game, Mints NFTs
Historic Italian football club AC Milan has partnered with Solana-based MonkeyLeague, a 3 web based soccer game.
MonkeyLeague is a strategy-based soccer game in which users build and manage their own dream team of at least six MonkeyPlayer NFTs (forward, midfielder, defender and goalkeeper), compete against real players, and rise to the ranks of the league. The game’s economy is centered around the in-game currency, MonkeyBucks (MBS in US dollars), and in-game assets that have value both in and out of the game.
The new partnership between MonkeyLeague and AC Milan includes the creation of exclusive Rossoneri-branded NFT game assets, wearable devices, special gaming tournaments, co-marketing events, and a host of other exciting initiatives, such as club players playing the game.
As part of the deal, MonkeyLeague will work closely with AC Milan to launch a new portfolio of branded NFT gaming assets, including MonkeyPlayers, new skins and stadiums. The first batch will be auctioned off October 6 at MagicEden, with NFTs reaching the highest bidders.
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