The team behind the Floki Inu (FLOKI) token — inspired by Elon Musk’s pet dog of the same name — has signed a sponsorship deal with Italian football giant S.S.C. Napoli. S.S.C Napoli was founded in 1926 and is one of the most popular professional teams in Italy. The historic club won its first Serie A title in 1987 led by the late global football icon Diego Maradona, and is currently sitting at first place in the league for the 2021-2022 season. Here is SSC Napoli's official tweet about the partnership with #FLOKI. Go and show them love, Vikings! https://t.co/cSfZxvkUCc …

English Premier League football club Manchester City have suspended a partnership with a startup crypto firm after seemingly not doing its due diligence prior to signing. According to Daily Mail reporter Jack Gaughan, Manchester City is currently “conducting further enquiries” regarding 3key Technologies, the crypto firm with which the club inked a deal on Nov. 12. At the time, the football club said it would be collaborating with 3key to raise awareness of its reported decentralized finance, or DeFi, trading analysis products as a regional partner. Manchester City suspend partnership with "3Key", a start-up cryptocurrency firm whose executives do not …

Time Magazine, the media company that has been an American institution for almost a century, is partnering with Mike Novogratz's Galaxy Digital in an effort for its readers to explore the metaverse. In a Thursday announcement, Time said the partnership with the investment management firm was aimed at educating its readers about the metaverse. The long-running magazine will be releasing a weekly newsletter on the metaverse, hosting educational resources on its website, and including the virtual space as a category in its annual list of the 100 most influential people in the world. Novogratz said the partnership was part of …

Bitso, a major Latin American cryptocurrency exchange, is collaborating with the USD Coin (USDC) stablecoin operator Circle to launch a new cross-border payment tool between Mexico and the United States. The company announced on Thursday that the integration with payment solutions from Circle aims to provide Mexican people with a new option to send and receive payments to or from the U.S. Called Bitso Shift, the new tool uses cryptocurrency to enable low-cost and instant cross-border payments available 24/7, allowing users to instantly exchange between Mexican pesos and the United States dollar (USD)-backed stablecoins. The new offering intends to unlock …

Residents of Los Angeles, sports fans, and social media personalities are making light of Crypto.com’s agreement to rename the city’s Staples Center for its own marketing purposes. The Staples Center, a multi-purpose arena that has been home to the Los Angeles Clippers, Lakers and other major sports franchises for years, is scheduled to be renamed as the Crypto.com Arena starting on Dec. 25. This follows a $700 million agreement with the platform to hold the naming rights for 20 years. However, since its opening in 1999, the venue has always been called the Staples Center, and fans don’t seem to …

In an announcement to Reuters News on Thursday morning, Brazillian cryptocurrency exchange Mercado Bitcoin said it has signed an agreement with Comerc, one of the main retail energy providers in Brazil, to develop renewable energy tokens. Mercado Bitcoin and Comerc seek to implement two types of tokens. The first, set to launch in 2022, will be tied to a cashback scheme for solar energy generation. Currently, Comerc customers receive up to 15% to 20% of their electricity bills' value in cashbacks should they choose to switch to solar energy. The second token will be linked to certificates that document energy …

Dapper Labs, the firm behind NBA Top Shot, said that pro sports leagues are no longer resistant to exploring nonfungible tokens (NFTs) now that the sector is hot. Speaking at Yahoo Finance's All Markets Summit on Oct. 25, Dapper Labs’ head of partnerships, Caty Tedman, said that the stance of professional sporting organisations suddenly shifted regarding NFTs amid the sector’s booming growth in early 2021, stating: "The conversation has shifted dramatically, where I think there's a little bit of an understanding that there's something here. I meet very little resistance these days that NFTs are a thing." Dapper emerged as …

Filecoin has officially become the storage collaborator for the Flow Blockchain. Filecoin said in a Wednesday announcement that the move was a part of a push to ensure holders' and issuers' nonfungible tokens (NFTs) are "securely available everywhere." The announcement follows from a previous move in August in which Dapper Labs was working to integrate Filecoin’s storage services with the Flow Blockchain. The collaboration enables Flow users to mint NFTs, leverage InterPlanetary File System (IPFS) content addressing and store tokens in the decentralized storage hosted by Filecoin. According to Filecoin, IPFS content addressing is a solution to location addressing, which …

Users who hold debit cards issued by cryptocurrency exchange Bakkt will be able to convert their crypto balances to make fiat payments using Google Pay. In an Friday announcement, Bakkt said it had partnered with Google to allow its users to purchase goods and services using Bitcoin (BTC) and other cryptocurrencies through the Google Pay wallet and payment system. In addition, Bakkt plans to build new analytics and geolocation functionality on its platform using Google Cloud tools. The exchange hopes that the features will expand loyalty redemption options “while providing Bakkt partners with valuable consumer behavior patterns.” “This partnership is …

Bitcoin is back above $50,000 and bulls are currently attempting to secure a daily close above the oft-disputed level. The strength of Bitcoin (BTC) has also helped to kickstart momentum in the altcoins and at the time of writing, several tokens are seeing gains in excess of 20%. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Linear (LINA), Secret (SCRT) and Presearch (PRE). LINA moves closer to launching full governance features Linear is a decentralized delta-one asset protocol that is cross-chain compatible between the Ethereum network and the Binance Smart …

Dapper Labs, the creators of NBA Top Shot, and top crypto derivatives exchange FTX are both turning to the National Football League as part of their expansion initiatives. Dapper Labs is reportedly working on an NFL collectibles marketplace, while FTX has signed an endorsement deal with star running back Aaron Jones of the Green Bay Packers. Dapper’s latest move comes one week after the firm teased — as part of its latest $250-million funding round announcement — that it would venture beyond its basketball-based nonfungible token (NFT) project, NBA Top Shot, and expand into other sporting codes and areas of …

Immutable X, the scaling solution for layer-2 NFT protocol Immutable, has penned an agreement with Together Labs to integrate into the platform's native social metaverse IMVU. The partnership will foster the creation and distribution of NFTs within the game's virtual ecosystem. IMVU, pronounced "imm-view," is a blockchain simulation game akin to The Sims or Second Life in which players can design, inhabit and interact with virtual worlds. Parented by Silicon valley-based firm Together Labs — a technological architecture working on the social media experience with the implementation of the crypto and all its ecosystem facets — IMVU has 200,000 active …