The Crypto Weekly: Bitcoin steady as VCs hunt for crypto opportunities and Reddit launches NFTs
— Hunt, Weekly, Steady, Sector, Market, Merge, Blockchain, Bitcoin, Interest, Reddit — 1 min read
Bitcoin continues to hold above $20,000 having popped above $22,000 briefly last week. Ether is currently trading just above $1,200 on the eToro platform. VC firm Konvoy has launched a $150 million fund to look for blockchain-based gaming opportunities. Reddit has launched NFT avatars and a marketplace to obtain them. Fund managers are lobbying for access to blockchain technology to help utilise ledger technology in fund trading. NFTs have had a rollercoaster ride since coming to public prominence but it is a positive indicator that the market is still there to be had. Reddit has a considerable user base and will likely look to build upon this as an entry point into more crypto tech for its platform. It isn’t the leader in this regard but it Source