Following are some of the developments in the crypto space over the past few days
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Updated: 06 Oct 2022 1:35 pm
Fumio Kishida, the Prime Minister of Japan has declared in a policy statement that he intends to increase investments in non-fungible tokens (NFTs) and the metaverse .
The Japanese Prime Minister’s Office reported that Japan will increase its investments in digital transformation as well as increase the usage of Web3 services.
Kishida’s address comes in the wake of Japan’s increasing efforts to use Blockchain technology. Last month, the Japanese government recognised seven mayors with NFTs for their accomplishments in problem-solving using digital technology.
weTrade New Launch
weTrade, a Bengaluru-based crypto start-up, has launched- ‘weSave’, a distinctive feature that gives users with an opportunity to save and avail fixed interest on their stable cryptocurrency investments.
“Users can earn up to 14 per cent interest per year that is credited daily, TDS free and has no lock-in period,” the company said.
The company said in a press statement that weSave users will start earning interest as soon as they buy USDT through the platform, based on the average USDT balance for the day credited daily to their portfolio.
“Users can withdraw their investment as per their convenience since there is no lock-in period,” the statement reads.
Further, no TDS is applied on the interest earned, and users also receive a cashback at the point of sale to cover TDS charges. As an inaugural offer, users can avail 14 per cent for the first two months and 12 per cent, subsequently.
Commenting on the announcement, Prashant Kumar, founder and CEO at weTrade, said “The new weSave feature is a definite differentiator for the platform. It is a first-of-its kind feature that will give users the opportunity to gain interest on their stable crypto investments. Our endeavour has always been to provide best returns, the most user-friendly on-boarding experience, and industry-first rewards while maintaining the highest levels of security to ensure that customer assets are safe and secure.”
OpenSea To Permit Users to Submit Bulk NFT
On October 5, OpenSea, a digital marketplace for crypto collectibles and non-fungible tokens (NFTs), Tweeted in an announcement that users will now be able to bulk list and bulk buy up to 30 digital collectible goods on the platform.
To cut down on gas costs and make the procedure more convenient and simplified, the platform will allow customers to add up to 30 goods from the same chain to their basket before completing their purchases in a single transaction
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