CRYPTO investors saw Bitcoin and Shiba Inu recover some ground on Tuesday as a new “utility NFT” offers domain security for those with Ethereum and Polygon coin in their cryptocurrency wallets.
Bitcoin was up by 1.06% by the end of the day, putting the coin’s value at $42,541 after its massive crash in early 2022.
Over the last seven days, Shiba Inu has also struggled, but a 2.60% increase Tuesday put the coin back at $0.00002750, according to CoinBase.
A new startup, Unstoppable Domains, will offer single sign-on service using NFT domains for Etherum and Polygon.
CoinDesk reports that the “Login with Unstoppable” service will allow users to create a unique username in the form of an NFT, which will work “like Google sign-in, without the snooping and with much more flexibility.”
Unstoppable Domains CEO Matthew Gould told the outlet, “We think NFT domains are a really great place for building digital identity.”
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The most valuable cryptocurrencies
Cryptocurrency prices hit record highs earlier this year amid interest from high profile individuals such as Elon Musk and more institutional investment in the sector.
The most valuable coins are Bitcoin and Ethereum but there are lots of alternatives or altcoins aiming to benefit from crypto interest.
Values can be volatile though and regulators have warned that investors could lose all their money.
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Donating with cryptocurrency
Churches are starting to…
