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Ford to Enter the Metaverse with Virtual Automobiles and NFTs

Daily Market Wrap

  • Crypto market cap: 994.01 billion, up 1.85%

  • BTC price stands at USD 19,764, up 2.79%

  • ETH price stands at USD 1,664, up 2.28%

  • Top gainer: OKB (OKB), up 16.36%

  • Top loser: Helium (HNT), down 8.07%


News of the Day



Why it matters:

  • Ford has filed 19 trademark applications covering its car brands, claiming plans for virtual cars, clothing and a proposed marketplace for NFTs

  • Coming less than a month after announcing global staff cuts and reduce expenditure, the company has revealed plans for “downloadable virtual goods”, namely “computer programs” featuring vehicle parts for usage in “online virtual worlds”

  • Ford is not the first automobile company to move into the web3 space, with Bentley and Lamborghini having already rolled out NFT collections


Crypto Daily Spotlight


Brief introduction: The Sandbox is a virtual gaming world where players can play, build, own, and monetize their virtual experiences on LAND they own using NFTs and $SAND, the platform’s main utility token. The Sandbox powers its virtual economy that incorporates the UGC, avatar-centric experiences, gaming and financial systems.


Why it matters:

  • The Sandbox’s instagram was compromised, with a link on its profile directing followers to a fraudulent raffle

  • Hackers contacted users to rent out their BAYC NFT for 24 hours, offering them 40 Ether, and one user claims to have lost their NFT

  • Posts, stories and the link directed viewers to a fake website, prompting users to connect their web-based wallets


Daily Sector Tracker


Daily News Roundup

  1. Law enforcement recovers $30 million from Ronin Bridge hack with the help of Chainalysis https://bit.ly/3eEgj5L

  2. Coinbase Backs Lawsuit Against US Treasury https://bit.ly/3RSRgu6

  3. Polygon CSO blames Web2 security gaps for recent spate of hacks https://bit.ly/3qnWvpF

  4. Binance adds former Mexico securities chief to new global advisory council https://bit.ly/3RMbaXu

  5. Crypto Influencer Cooper Turley Creates $10M ‘Coop Records’ Music Startup Fund https://bit.ly/3cXphdV


About Aspen Digital


Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.


For more information, please visit https://www.aspendigital.co/



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