Prominent crypto YouTuber Lark Davis believes this is the best time to hoard cryptocurrencies, as institutional crypto adoption is becoming more and more important. Davis, who came to the fore with his analyzes about Bitcoin and altcoins, said, “Get ready. “What happens following the 2024 BTC halving will blow people’s minds,” he says. Here are the details…
These altcoins are on the radar of many companies
cryptocoin.com As we reported, popular analyst Lark Davis recently shared a series of tweets about institutional money flowing into altcoins. In his tweets, he drew attention to famous companies that have invested in altcoin projects. The analyst’s first company on the list was Black Rock, the world’s largest asset manager, with $10 trillion in assets under management (AUM). Black Rock has launched a private spot Bitcoin fund and partnered with US-based cryptocurrency exchange Coinbase to launch its BTC trading service. “Stock your satoshis before these people,” Davis said. Satoshis refer to a specific fraction of Bitcoin.
Second, Davis pointed to MasterCard, which has partnered with ImmersVe, a crypto payment protocol. The deal allows Web3 wallet holders in Australia and New Zealand to use crypto as payment wherever MasterCard is accepted. “It refuses to be left behind by DeFi,” Davis says of MasterCard.
Nike, Visa, Meta and much more…
The third company the analyst pointed out was Mastercard’s close competitor Visa, which is working with WirexApp to offer crypto card services to US customers. Davis stressed that Visa is bringing the product to the Asia-Pacific and UK markets, and that the card will be available in more than 40 countries. Fourth, Facebook’s parent company Meta chose Polygon (MATIC) Blockchain as the network to host the new Instagram NFT feature. With this method, Instagram users can mint, showcase and trade NFTs directly through the app.
In addition, Nike and Starbucks have also collaborated with Polygon Blockchain to launch an NFT service. Nike recently launched the Swoosh, a “virtual wear NFT platform.” Starbucks has announced the launch of Odyssey, an NFT rewards program. Predictably, this too is being launched on the Polygon Blockchain. Starbucks’ product is still in beta. However, the plan points to Odyssey becoming a larger NFT marketplace. The company says the demand for this project is “unprecedented”.
Amazon, Microsoft, Tencent and Meta are also on the agenda with partnerships
Amazon is next in Davis’ thread of tweets. Amazon is integrating Avalanche (AVAX) web services into its platform. This allows developers to launch Avalanche nodes on Amazon Web Services. The Avalanche ecosystem is expected to proliferate with the support of customers on Amazon’s massive web service. On the other hand, Microsoft is forming a similar partnership with Ankr. Microsoft will offer a node service to its customers through its Azure cloud program.
On the other hand, Tencent, the Chinese tech giant behind WeChat, has partnered with MultiversX (EGLD). The company plans to build a web3 and metaverse product suite on Blockchain. Most recently, Meta and telecommunication firm Telefonica announced that they will work with Gamium (GMM) to develop the “Metaverse Activation Program”. The program plans to help promising web3 startups create and launch altcoins and products.
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