Last week was a pretty big one. We celebrated International Women’s Day and paid homage to all the amazing women everywhere. You all rock! 👸🏻
At the Quidax HQ, we also got in on the #IWD2022 fun. We heard some inspiring stories from women in crypto, and you can read all about it here 😋. Now, let’s see what popped in the market last week.
The Future of Work 🏢
Remember when everyone said that we’d all work from home forever? Well, it looks like that trend won’t last so long 😅. Already, we’ve started seeing some big companies launching their offices in the metaverse.
JPMorgan, KuCoin, and more are just a few big names opening offices in the metaverse. So, don’t be surprised when your company asks you to resume in the virtual world 😉. Just a heads up!
Are People Moving On? 🤔
Non-fungible tokens (NFTs) and the metaverse were pretty much the biggest trends everywhere in 2021. But, things might have started slowing down 📉. Google Trends data for “NFT” and “metaverse” shows that searches for them are dropping.
To be fair, there’s been a lot going on this year 😮💨. From the war in Ukraine to the Omicron variant, we get why people might be more concerned about those.
Crypto Welcome Here 🤝
Last week, we saw big adoption news from the United States. In Virginia, the Senate voted to allow banks in the state to provide crypto services 👏.
This is a pretty big deal. Now, banks in the state of Virginia will be able to keep cryptocurrencies and provide crypto services to their customers 💪- as long as they follow some rules. It’s a win-win!
Digital Dollar Is A Go! 💵
After the Virginia news, the crypto industry was pretty hyped. Then, the big news came on Wednesday when President Biden signed an executive order asking the government to study a possible Digital Dollar.
The Digital Dollar will be the United States’ central bank digital currency (CBDC) – kind of like Nigeria’s eNaira. The executive order was a big win for the market, and coin prices rose quickly after the President signed it. We move!
Skinny Jeans & NFTs👖
So if you were concerned that NFTs were going out of style, don’t worry; they’re not 😀. Case and point – another huge brand just jumped on the NFT bandwagon. Last week, Diesel – the popular denim jeans brand – launched an NFT drop on Rarible. Diesel is now the latest fashion brand to have an NFT drop, joining others like Gap and Gucci 😎. Talk about a fashion statement.