Latest Crypto News: Crypto Company Suku Launches Payment App For Digital Currency, NFT Transactions On Twitter

Here are some developments in the crypto world over the past few days

Crypto company Suku's payment application allows users to send digital currencies and NFTs directly on Twitter. The company plans to expand to other social media platforms, Binance News reported.

While Twitter's recent rebranding to "X" is part of Elon Musk's strategy to transform the social media platform into a payments application, crypto company Suku is already ahead of the curve, the report said.

Within 48 hours of NFT minting, over 50,000 NFTs were created, downloading the Suku Wallet Chrome extension or accessing the wallet's website using their Twitter handle. Suku aims to broaden its reach to other social media platforms, working towards a decentralized payment system that seamlessly connects all platforms. As a result, Suku's payment application could become a substantial contender in the race to integrate crypto transactions into social media ecosystems seamlessly.

British Museum Teams Up with The Sandbox to Create NFT Digital Collectibles

The British Museum in London collaborates with the Ethereum-based metaverse game, The Sandbox, to produce a range of NFT digital collectables. This partnership will offer new immersive experiences for users within the online game world in conjunction with the museum's licensing partner, French startup LaCollection.  

"This is a great opportunity for The Sandbox players, regardless of where they are, to learn about the amazing wealth of human history, art, and culture that The British Museum has to offer," Decrypt quoted Sandbox COO and co-founder Sebastien Borget as saying. The report said the collection would put the museum alongside modern cultural icons like Snoop Dogg, McDonald's, Adidas, and Gucci.

Crypto Miner Phoenix Technology Considers IPO in Abu Dhabi

A Decrypt report said that crypto mining hardware retailer and mining facility operator, Phoenix Technology, is in early-stage talks for an initial public offering in Abu Dhabi. The UAE-based company previously signed a significant $650 million deal for mining rigs to bring its capacity up to 1.4 GW. Bijan Alizadeh, the co-founder of Phoenix, told Entrepreneur Magazine in January that he believes the "UAE is the third crypto hub of the world." The Gulf region's cheap energy and crypto-friendly regulations increasingly attract Bitcoin miners. Companies like Marathon Digital Holdings (MARA) and Crusoe Energy are also exploring expansion.

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