Last week in review: Crypto education is key to adoption by businesses

The crypto market remained strong last week amid the global economic uncertainty caused by the US gross domestic product (GDP) report. Bitcoin maintained its price above $20,000, hitting more than $24,000 over the weekend. The Fear and Greed Index, which measures investor sentiment, hit a weekly high of 42 last week. We are happy to share a number of positive stories in the cryptocurrency space.

Uniswap plans to integrate its platform with Sudoswap, a decentralised NFT marketplace. This integration could help to make NFT trading more flexible and would be similar to trading sports cards and other collectables. And Checkout.com’s head of crypto strategy has identified cryptocurrency education as the key to mainstream global adoption, as it will help businesses understand blockchain technology and its potential benefits as a payment system.

Meanwhile, in the metaverse, the University of Tokyo plans to offer virtual introductory courses to attract aspiring students to the engineering industry. These courses will be completed in the metaverse and will count towards their qualifications in the real world. And in Dubai, Prince Sheikh Hamdan bin Mohammed has set out plans for metaverse expansion that will create 40,000 jobs by 2030.

As always, there is never a dull moment in crypto. Here are our top picks from last week’s headlines.

What is the metaverse being used for? Education seems to be the next frontier

What

Aspiring engineers at the University of Tokyo will soon be able to learn more about the field of engineering by completing courses in the metaverse

Why

The project by the University of Tokyo aims to attract high school students, particularly female students, to the field of engineering by giving them a virtual introduction in the metaverse

What next

Along with these virtual introductory courses, the university also plans to offer online courses in AI, entrepreneurial education and next-gen communication technology

Read the full story here

Dubai to create 40,000 jobs by 2030 with Metaverse push

What

Prince Sheikh Hamdan bin Mohammed has set out metaverse expansion plans for Dubai

Why

The expansion is predicted to generate an additional $4 billion for Dubai’s economy and make it a top 10 hub for metaverse talent

What next

Over the next eight years, Dubai will seek to recruit 40,000 remote workers to help build the metaverse

Read the full story here

Crypto education is key to adoption by businesses

What

Once businesses understand what crypto is about, we will see a big influx in global adoption, according to Jess Houlgrave, the head of crypto strategy at payments company Checkout.com

Why

There’s still uncertainty and misgivings about cryptocurrency, particularly around regulation. Once this is cleared up, says Houlgrave, it will clear the way for business adoption 

What next

In future, companies that use cryptocurrency in their payments could see an increase in security, speed and efficiency, says Houlgrave

Read the full story here

Uniswap to merge with Sudoswap to expand NFT offerings

What 

Uniswap will integrate its platform with Sudoswap, a decentralised NFT marketplace

Why 

Uniswap is expanding into the NFT market. Last month, UniLabs acquired Genie to launch an NFT marketplace

What next 

A tweet by the head of NFTs at Uniswap said they’ll be “launching NFTs on Uniswap with full Sudoswap support”

Read the full story here

To catch up on other big stories from last week, be sure to check these headlines:

A step-by-step guide to who does what in crypto

A software engineer’s 8,000 lost Bitcoins, and his plan to get them back

A beginner’s guide to the Terra collapse and the future of stablecoins