Latest Crypto News: Clearpool Chooses Polygon As Institutional Lending Platform, Free NFTs From Failed Super Bowl Ad Go Viral

Here are some of the latest developments from the world of crypto over the past few days
Latest Crypto News: Clearpool Chooses Polygon As Institutional Lending Platform, Free NFTs From Failed Super Bowl Ad Go Viral

Decentralised finance (DeFi) protocol Clearpool has announced that it will deploy its institutional credit platform, Prime, exclusively on the Ethereum scaling tool, Polygon, network.

“We have been working closely with the Polygon team since we launched the permission-less protocol on Polygon in June,” CoinDesk quoted Rob Alcorn, CEO of Clearpool, as saying.

Clearpool Prime, which is scheduled to start operating before March-end of this year, will act as an institutional-grade capital marketplace, where borrowers can create credit pools, and liquidity providers can invest to earn yield.

“Expect to see a wide range of borrower profiles: from traditional trading firms to various types of crypto-native players. Prime is also attractive to fintechs that provide lending solutions in the TradFi (traditional finance) world, such as loans in emerging markets,” Alcorn said.

This move from Clearpool is significant, because borrowing and lending activity on competitor protocols like Maple and TrueFi mostly took place on Ethereum’s network.

Polygon has secured notable partnerships with Instagram and Starbucks for its proof-of-stake Blockchain that offers cheaper and faster transactions while relying on Ethereum’s network for security.

DigiDaigaku’s Free NFTs Sell For $700 Despite Super Bowl Ad Fail

This year’s Super Bowl lacked crypto advertisements. That said, there was a commercial for a non-fungible token (NFT)-powered game that featured a QR code that could be scanned for a free collectible. Some viewers were not able to grab the free NFT as expected – but some who got it are flipping it for hundreds of dollars.

Web 3.0 gaming start-up Limit Break claimed to have paid $6.5 million for the commercial, which advertised a free Ethereum NFT mint for its anime-inspired game project, DigiDaigaku. The company claimed the commercial had a code that would let viewers mint a free NFT.

However, Decrypt reported that many viewers said scanning the QR code simply redirected them to the Twitter profile of Gabriel Leydon, CEO of Limit Break.

Some lucky users who received free NFTs traded them for more than 0.5 ETH (over $750) right after the mint, although the price has fallen and risen over time, Decrypt said.

PUMA Launches New NFT Collection

Iconic sports brand PUMA has announced the launch of a complete digital makeover and PFP NFT project for their mascot “Super PUMA”. The new collection celebrates the brand’s 75th anniversary, by ushering in new technologies and experiences.

Super PUMA was originally a comic released in the 1970s. The brand new PUMA NFT brings the character to the digital realm as a PFP avatar on the Blockchain. With Super PUMA digital collectibles, the company becomes the first traditional brand to establish itself on 10KTF.

Super PUMA holders can thus place digital items on 10KTF blanks and participate in 10KTF missions.

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