• Walmart moves into NFT’s, crypto. The retail giant is planning to offer consumers goods in the metaverse, according to MSNBC. com. In this virtual world, shoppers will be able to buy and own goods in a matrix-like universe.
They’re also apparently gearing up to offer their own lines of NFTs (non-fungible tokens) and even a unique cryptocurrency to use in this simulated retail environment. According to the U.S. Patent and Trademark Office, Walmart filed several related trademark applications on Dec. 30.
• Bitcoin gains more popularity in South America. Rio de Janeiro Mayor Eduardo Pares has announced that the city plans to invest 1% of its treasury in cryptocurrencies and to transform the city in a hub for the crypto industry. Pedro Paulo, secretary for farming and planning in Rio de Janeiro said,“We are studying the possibility of paying taxes with an addition (10%) discount if you pay with Bitcoin.”
• Dogecoin grows in value. The price of dogecoin, which originally started as a joke coin, jumped more than 15% last week after Elon Musk’s Tesla started to accept the cryptocurrency as payment for some of its merchandise, limited to a whistle and a belt buckle at this time. Tesla orders paid for in dogecoin cannot be canceled or refunded.
• Crypto jobs on the rise. According to LinkedIn, crypto-related job postings in the U.S. increased by 395% in 2021 from 2020. Engineering positions, software, finance, accounting, and other general staffing needs are in high demand in the expanding crypto industry. It is projected that 60+% of all mining activities will have moved to the U.S. within the next couple of years. Texas is branding itself as a hub for crypto mining activities and expects to claim a large share of the job market.
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