It’s official: Facebook goes Meta as it showcases its vision for the future of social media, work, NFTs, and play online.

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Facebook has renamed its parent company Meta as part of a metaverse push.
The company announced the move at its metaverse-themed Facebook Connect keynote today.
Social media giant Facebook sees the growing metaverse as the future of its business, and today the firm made that increasing focus formal by announcing that it will go by the name Meta.
Facebook (now Meta) CEO Mark Zuckerberg announced the news today during the streaming keynote for its annual Facebook Connect event, which was heavily focused on the metaverse.
The company has said that it will help build the metaverse “responsibly,” and took time in today’s keynote to highlight its focus on privacy and open collaboration with external creators and firms.
Today’s keynote address spotlighted potential 3D social interactions, the ability to do work in the metaverse, and the way that NFTs can be used to represent collectibles and avatars alike.

Facebook Goes All In on Metaverse With New Company Name Meta, NFT Push

A leak in the Loopring GitHub public repository shows a partnership deal with GameStop for an NFT marketplace could be on the cards.

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› NFTs GameStop remains tight lipped on its restructuring plans, but leaks and job postings show they are going big on blockchain tech.
A leak in the Loopring GitHub public repository shows a partnership deal with GameStop for an NFT marketplace could be on the cards.
IPFS was noted to be used by GameStop previously during their first NFT project reveal .” GameStop has said it intends to diversify its business model.
Nonetheless, the Loopring NFT leak confirmed what many were already thinking was an appropriate move for GameStop.
While the leak falls into the category of unconfirmed rumor, GameStop Due Diligence adds the firm isn’t one for “splashy public reveals,” and will likely announce the project once it’s completed.
“It is likely that GameStop will not make any splashy public reveals about GameStop NFT until the offering is finalized.” What’s more, the start of this week saw GameStop post eight remote positions .
Web3 gaming hints at plans to develop virtual gaming, perhaps in a metaverse setting and bridging with NFTs. The job description talks about building products from scratch and requires experience with Ethereum.

Loopring GitHub suggests GameStop has bigger plans for crypto and NFTs

Sydney, Australia, 28th October, 2021, Immutable X, the leading Layer 2 scaling solution for non-fungible tokens (NFTs) on Ethereum, announced a partnership with ESL Gaming, the world’s leading esports company, in a bid to power carbon neutral and gas free trading of ESL Pro Tour NFTs on its upcoming esports platform.  ESL Gaming has been […]

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Sydney, Australia, 28th October, 2021, Immutable X, the leading Layer 2 scaling solution for non-fungible tokens (NFTs) on Ethereum, announced a partnership with ESL Gaming, the world’s leading esports company, in a bid to power carbon neutral and gas free trading of ESL Pro Tour NFTs on its upcoming esports platform.
The core partnership with Immutable X will ensure ESL is provided with the needed scaling infrastructure, and esports fans can access carbon neutral and gas free minting and trading of NFTs. Plus, users are able to trade with their mind at ease since Immutable X’s hyper-secure protocol directly inherits the Layer 1 security of Ethereum.
“We could not be more excited to launch on Immutable X the best possible community driven and fan centric collectible platform to buy, collect and own some of the most memorable moments in EPT history” “We are excited about the opportunity to build our EPT NFT offering on top of the Immutable X platform,” says David Hiltscher, VP Fan Value Management & Analytics at ESL Gaming.
Speaking of the partnership, Robbie Ferguson, co-founder of Immutable X said, “ESL’s vision for NFTs from ESL Pro Tour moments has the fans’ experience top of mind.
At Immutable X, we make it easy for leading gaming partners like ESL to integrate NFTs into their experiences without sacrificing security or speed.
About Immutable X Immutable X is the leading Layer 2 scaling solution for NFTs to enable gas-free minting and trading, while not compromising the security of the most used blockchain globally for NFTs, Ethereum.
To learn more about Immutable visit: https://www.immutable.com/ Immutable social media: Medium Contact: [email protected] ESL Gaming is the world’s leading esports company.

Immutable X Partners With ESL Gaming To Launch A Next Generation NFT Collectible Platform For CS:GO Fans Worldwide

October 28, 2021 – London, England      XDEFI Wallet, the browser wallet built for speed, announced today its integration with Terra, the fourth-largest

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Do Kwon, CEO and co-founder of Terra, said, “We’re thrilled to welcome XDEFI as a non-custodial wallet supporting the Terra ecosystem.
XDEFI integrating Terra provides LUNAtics with one of the fastest and most user-friendly multi-chain wallets in the industry, including a customizable NFT display which is soon to feature Terra’s booming NFT market.” In addition to Terra, XDEFI Wallet supports eight other chains, including Bitcoin, Ethereum, Polygon, Binance Smart Chain, Binance Chain, THORChain, Litecoin and Bitcoin Cash.
XDEFI Wallet also announced they will be working with Pylon to set up a liquidity program on Terra.
Woojin Lim, co-founder of Pylon Protocol, said, “Our protocol is excited to partner with XDEFI Wallet to open up Pylon pools on Pylon Gateway Terra’s premier launchpad and introduce yield-based deposit contract pools.
XDEFI is the world’s fastest DeFi and NFT wallet.
XDEFI Wallet users can use ‘ape mode,’ a revolutionary approach that ensures transactions are processed in the next block, across Terra, THORchain, Ethereum and EVM blockchains.

XDEFI Wallet Unveils Integration With Terra and Announces Liquidity Program on Pylon Protocol To Support the Terra Ecosystem

The crypto-industry has seen various products gather steam over the past year, with non-fungible tokens [NFTs] being the rage especially. However, a recent study from DappRadar found that although the sudden popularity of NFTs took the industry by storm, there is no comparison to the value generated by decentralized finance [DeFi]. The DeFi space managed […]

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The report also found that Ethereum dapps recorded a higher whale activity than BSC dapps.
According to DappRadar, the average size of transactions on Aave [on Ethereum] during Q3 was measured at around $461,000, whereas Alpaca Finance [on BSC] hit $72,000.
It added, “Even though the gas fee mechanism changed due to the London upgrade, it still remains an ecosystem that favors whales.” Despite BSC offering a friendlier fee barrier, the network usage remains high on Ethereum.
Projects like MakerDAO, Aave, and Compound lead the DeFi-way for Ethereum users.
Although MakerDAO is a borrowing protocol hosted on Ethereum, it became relevant to the DeFi space as the supplier of the stablecoin DAI.
Aave recently hit a TVL of $15 billion in Ethereum and the transaction size has followed the lead of Maker, although the average number of transactions tripled in Q3.
The report added, “While Aave is certainly a place where whale transactions occur frequently, it is important to note that the size of transactions on Maker are approximately 10 times larger than Aave.” Meanwhile, BSC’s largest lending protocol Alpaca Finance has also seen transactions grow five times in Q3, measuring at almost $125,000 in October.

This is why Ethereum DeFi whales prefer these applications

The Financial Action Task Force (FATF) released its guidance on how decentralized finance (DeFi) services should be regulated...

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The FATF is an intergovernmental organization tasked with setting financial regulation standards What Happened: On Thursday, FATF updated its 2019 guidance for a risk-based approach for virtual assets and virtual asset service providers (VASPs) with a focus on the DeFi Space.

FATF Wants To Regulate DeFi Services

Fox Entertainment, Bento Box, and WWE announced a multi-year deal and the launch of an exclusive NFT marketplace.

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Nearly every industry under the sun has started to notice non-fungible token (NFT) technology and on Wednesday, the media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, announced the launch of an exclusive NFT marketplace.
The three entertainment firms plan to launch a marketplace dedicated to licensed WWE non-fungible tokens (NFTs) and NFT collectibles.
WWE’s NFT market will be launched in the near future and a release date and marketplace name will be disclosed to the public in “the coming weeks.” The announcement also says that Eluvio will authenticate the WWE NFTs and they will be “interoperable across Ethereum and other blockchains.” Scott Zanghellini, WWE’s senior vice president of revenue strategy and development, explained the partnership helps bolster WWE’s relationship with Fox Entertainment.

Fox Entertainment and WWE Ink Multi-Year Deal to Distribute Exclusive NFTs

Ethereum (CRYPTO: ETH)-based DeFi protocol Cream Finan...

Ethereum (CRYPTO: ETH )-based DeFi protocol Cream Finance (CRYPTO: CREAM) was exploited for $130 million by hackers on Wednesday.
What Happened: At around 10 a.m. Wednesday, blockchain security analytics firm PeckShield Inc reported the flash loan attack on decentralized lending platform Cream Finance.
(@peckshield) October 27, 2021 At 11:30 a.m., Cream Finance reported it was “investigating an exploit,” later confirming that an attacker had stolen a total of $130 million in crypto tokens.
— Cream Finance 🍦 (@CreamdotFinance) October 27, 2021 “This was one of the most sophisticated and cleanly executed DeFi attacks.
Cream only had $130m assets available for lending, so the attacker was limited to $130m profits,” summarized blockchain security researcher Mudit Gupta in a blog .

Hackers Steal $130M From Ethereum-Based DeFi Protocol Cream Finance

The first physical artwork by Beeple will be auctioned as an NFT at Christie’s next month. Bidding starts at $15 million.

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Cult NFT artist Beeple will be selling a real-life sculpture and corresponding NFT at Christie’s.
Beeple is heading back to Christie’s.
introducing HUMAN ONE pic.twitter.com/eysmH6WkOY — beeple (@beeple) October 28, 2021 The NFT artist will sell a physical NFT called “HUMAN ONE” at the auction house’s New York location on Nov. 9.
Bidding for Beeple’s piece is set to start at $15 million.
And the meaning will continue to evolve.” He also said that it “shares some similarities” with “EVERYDAYS: THE FIRST 5,000 DAYS,” Beeple’s magnum opus that sold for $69.34 million at Christie’s in March.

Beeple Returns to Christie's to Sell NFT Sculpture

The platform reported 35,000 users to its Chrome extension wallet in the first few weeks following launch.

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XDEFI Wallet, a browser-based service for decentralized finance (DeFi) and nonfungible token (NFT) assets, has officially integrated the layer one blockchain protocol Terra on its platform following a number of weeks of testing and development.
It is truly exciting to see how Terra has developed as a Layer 1 and to see projects flourishing around UST." XDEFI also revealed plans for the creation of a liquidity program on Terra in partnership with DeFi protocol Pylon.
CEO and co-founder of Terra, Do Kwon, shared his excitement on the potential impact XDEFI could have on the Terra ecosystem: “We’re thrilled to welcome XDEFI as a non-custodial wallet supporting the Terra ecosystem.

XDEFI Wallet integrates Terra and launches liquidity program

Facebook's plans for a Metaverse appear to include support for NFTs, according to a presentation by CEO Mark Zuckerberg.

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Facebook and its chief executive, Mark Zuckerberg, devoted a keynote presentation Thursday to unveiling an ambitious framework for creating a 3-D virtual world known as the Metaverse.
Precisely how NFTs will fit into this vision is unclear, based on the presentation, though Zuckerberg referred to "digital goods" as part of the user experience.

Facebook teases NFT support in keynote on its ambitious plans for a digital Metaverse

Krystal, a multi-chain platform that acts as a point of access for people to easily transact with leading protocols on different blockchains

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Krystal , a multi-chain platform that acts as a point of access for people to easily transact with leading protocols on different blockchains, has added a new feature to its user interface via its newly debuted KrystalGO.
The platform has designed its KrystalGO in a way that allows community members to easily participate in the public rounds of funding of different token projects supported on the platform.
The services featured with KrystalGO will give community members the opportunity to easily participate in token sales of high-quality blockchain projects.
There are no minimum requirements set for both.Based on the amount of KNC staked and the USD value of token swaps, participants accumulate points.a. For every KNC staked on KrystalGO, 1 point is awarded.b. For every 10 USD trade volume on Krystal, 1 point is awarded.
It revealed future projects it would support in upcoming months and plans to soon expand its services to projects and users on other networks while informing interested participants that they can visit the KrystalGO website to start preparing for the upcoming launches.
The CEO at Krystal, Sunny Jain elaborated on the potentials of the project saying; “By supporting high quality DeFi and NFT projects on popular blockchains, KrystalGO is opening its doors to a huge community of projects and users.

Multi-Chain DeFi Platform Krystal Launches Token Launchpad, KrystalGo

Total Value locked, or TVL, is one of the crucial DeFi metrics to measure the success of individual projects and blockchains.

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Total Value locked, or TVL, is one of the crucial DeFi metrics to measure the success of individual projects and blockchains.
More specifically, its TVL has risen by 319% in 30 days, bringing the total to $5.7 billion.
That still makes it a minor network for Total Value locked, but one cannot ignore such explosive growth.
Projects such as Aave, BenQi, and TraderJoe wouldn’t be where they are today without Avalanche, as its TVl has risen to $8.4 billion after this month’s 141% increase.
Its DeFi TVl has risen by 48% to $12.2 billion, which is rather impressive.
Although few people seem aware of Celo and its DeFi capabilities, the Total Value Locked on this chain has risen rapidly.
A monthly 25% increase is excellent, and it brings the total TVL to over $1 billion.
As this number keeps going up, Terra should surpass $10 billion in Total Value locked by next month.

5 Blockchains Noting DeFi TVL Increases Of Over 20% Last Month

Yes, there is an NFT game that allows the user to build a cannabis business from scratch and grow rare strains, while participating in a competitive economy.
NFT transactions have been growing exponentially in recent times, allowing users to own digital assets such as works of art, real estate and even video moments.
In a way, Cryptobuds stands as the perfect blend of digital collecting, NFT investment, Design and cannabis aesthetics

Cryptobuds: An NFT Game That Lets You Build A Digital Cannabis Empire

Disney fans will be able to obtain official NFTs from Disney, Pixar, Marvel, Star Wars, and more via the digital collectibles app Veve.

Disney has plans to launch official non-fungible token (NFT) collectibles in celebration of the first annual Disney+ Day. The well known multinational entertainment and media conglomerate headquartered in California has revealed a series of NFTs featuring iconic Disney characters and items.
The “Golden Moments” Disney NFT series will feature “digital golden statues inspired by beloved stories and moments from Disney, Pixar, Marvel, [and] Star Wars.” According to Veve, the new Disney NFTs will soon be available via the app and will “culminate on Disney+ Day on November 12.” On that day, a “special Ultra Rare digital collectible” will be introduced as well.
Information regarding the Disney “Golden Moments” NFT collectibles series can be found on Veve’s web portal .

Disney to Drop 'Golden Moments' NFT Collectible Series via Digital Collectibles App Veve

Amidst all the NFT euphoria this year are very real tax obligations for investors. Here’s what you need to know.

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NFT investors are individuals who buy and sell NFTs in marketplaces like OpenSea. They are subject to a similar set of tax rules (with some tweaks) as cryptocurrency investors.
Although the IRS has not issued any NFT specific tax guidance, most art-based NFTs such as CryptoPunks are likely classified as collectibles under the IRS § 408(m)(2)(A) ).
This tax classification is important to note because it subjects NFT gains to a slightly higher tax rate than regular cryptocurrency in some cases.
Sam will have a $4,900 ($5,000 - $100) long term capital gain at the time he spends the ETH to buy the CryptoPunk.
Second, cashing out an NFT or trading one NFT for another also trigger capital gains tax events for investors.
If Sam were to sell his CryptoPunk for 2 ETH valued at $12,000, he'd Incur a capital gain of $7,000 ($12,000 - $5,000) Third, some NFTs also pay you royalties each time a subsequent sale occurs.
Short-term gains on NFTs can be subject to the maximum 37% If you are in the highest tax bracket.
Generally, tax law favors long-term capital gains by subjecting them to a lower tax rate than short-term capital gains.
The maximum long-term capital gains tax rate is 20% for stocks and cryptocurrencies (plus the 3.8% NII tax when applicable).
Unfortunately, since NFTs are classified as collectibles, long-term NFT gains are subject to a maximum rate of 28% for high income earners.
Currently, NFT marketplaces do not provide you with any tax documents nor any transaction history reports to figure out your NFT capital gains and losses.
In the cryptocurrency world, there is tax software which helps you automatically reconcile capital gains & losses by connecting to your wallets and exchanges.
Again, it is your responsibility to identify these events and seek professional help to accurately figure out your NFT taxes.
· Reconcile your NFT capital gains and losses.
· If needed, liquidate some NFT's and/or other cryptocurrencies into cash to cover the upcoming tax bill Step By Step Guide To Filing Your Cryptocurrency Taxes · Do You Have To Pay Quarterly Taxes On Cryptocurrency?