<keyword id="1480678" type="General" weightage="20" keywordseo="actress-sunny-leone" source="Orion">Actress Sunny Leone</keyword> ventured into the <keyword id="4668945" type="General" weightage="80" keywordseo="nft" source="Orion">NFT</keyword> (non-fungible token) space after she made an announcement to enter the marketplace following in the footsteps of megastars <keyword id="6357912" type="General" weightage="20" keywordseo="amitabh-bachchan" source="Orion">Amitabh Bachchan</keyword> and <keyword id="14509" type="General" weightage="20" keywordseo="rajinikanth" source="Orion">Rajinikanth</keyword>. And now, racing ahead, Sunny has gone on to mint her NFTs. Minting is a process through which digital art becomes a part of the Ethereum blockchain - a public ledger that is unchangeable and tamper-proof. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> International celebrities such as Ellen Degeneres, Paris Hilton, and Lindsay Lohan have previously ventured into NFT as crypto currency has become a global rage and Sunny's minting has surely taken the Indian crypto enthusiasts by storm. The actress announced her first collectible on Twitter as she tweeted, "MEET the MISFTIZ ! This is misfitz HONEY! She loves the color pink...boys with tattoos...and then eats them for lunch. What the world has been waiting for!!! #SUNNYLEONENFT collectibles. Check them all out on http://Sunnyleonenft.com (sic.)" The actress took the lead among Indian actors to secure their digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to roll out her own NFTs. Talking about the collectible, an excited Sunny says, "This was a private sale and it sold out immediately. I am beyond excited about the hype behind my collection and the support from the community. In many ways, I am myself a misfit so there wasn't anything that's more appropriate than this collection." Talking about how she views crypto, the actress said, "I really believe crypto is the future of the world and NFTs give me an opportunity to express myself with art. Now we are beyond excited for the public sale to start in a few days." For her NFTs, Sunny has partnered with Mintdropz, as speaking on her association, she said, "With Mintdropz, we are creating new ways to connect with my audience and deliver varied experiences to engage with my audience that other platforms just can't provide." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/squid-game-cryptocurrency-trading-at-to-0-scammers-make-2-1-million/articleshow/87479063.cms">Squid Game cryptocurrency trading at $0, scammers make $2.1 million</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/obscure-altcoin-mana-spikes-400-as-facebooks-metaverse-pivot-spurs-bet-on-virtual-property-token/articleshow/87471565.cms">Obscure altcoin mana spikes 400% as Facebook's metaverse pivot spurs bet on virtual property token</a>

After Amitabh Bachchan and Rajinikanth, Sunny Leone becomes the first Indian actress to venture into NFT

<ul class="summary-list"><li>Little-known <keyword id="11961768" type="UNKNOWN" weightage="60" keywordseo="altcoin" source="Orion">altcoin</keyword> <keyword id="12453304" type="UNKNOWN" weightage="60" keywordseo="mana" source="Orion">mana</keyword> soared after Facebook's rebranding pivot Thursday.</li><li>The price of <keyword id="12453303" type="UNKNOWN" weightage="60" keywordseo="decentraland" source="Orion">decentraland</keyword>, whose ticker is mana, peaked at a record high of $4.16 on Saturday.</li><li>The coin is now up 400% from the time Facebook announced it is changing its name to Meta.</li></ul>Little-known altcoin mana soared in the past week after <a href="https://markets.businessinsider.com/stocks/fb-stock">Facebook's</a> rebranding pivot sparked renewed interest in the metaverse.The price of decentraland, whose ticker is mana, peaked at record high of $4.16 on Saturday, according to CoinMarketCap data. The coin is now up 400% from the time Facebook announced it is <a href="https://www.businessinsider.com/facebook-new-name-meta-rebrand-metaverse-zuckerberg-apps-2021-10">changing its name to Meta</a> on Thursday.On Monday, the digital asset was trading 14% higher at $3.21 as of 10:36 a.m. ET. It is currently the 36th largest coin by market valuation, according to CoinMarketCap.<a href="https://play.decentraland.org/">Decentraland</a> is an ethereum-based token that can be used to pay for virtual plots of land. This includes casinos, art galleries, and theme parks. Landowners have complete control over what they can do with their lots and can charge users who visit them, according to its <a href="https://decentraland.org/whitepaper.pdf">white paper</a>.The virtual space within Decentraland is called "land," a non-fungible, scarce digital asset maintained in a smart contract, which is an agreement stored and executed in the blockchain when predetermined conditions are met.Decentraland is not controlled by a centralized organization, its white paper said. The team behind mana started working on it in December 2015 with the goal of providing an infrastructure to support a shared virtual world, also known as a metaverse, its white paper said.The coin's purpose fits with Facebook's <a href="https://about.fb.com/news/2021/10/facebook-company-is-now-meta/">goal</a> "to bring the metaverse to life and help people connect, find communities and grow businesses.""The Facebook announcement created a rush to purchase land parcels in decentraland as a way to get exposure to the metaverse sector," Andrew Kiguel, CEO of Tokens.com, told Insider. "As demand for this new asset class expands, you will see more demand for digital real estate, thus driving up the value of the currencies used in these metaverses, like mana."

Obscure altcoin mana spikes 400% as Facebook's metaverse pivot spurs bet on virtual property token

The cryptocurrency based on <keyword id="128682" type="General" weightage="20" keywordseo="netflix" source="Orion">Netflix</keyword> blockbuster <keyword id="12159486" type="General" weightage="100" keywordseo="squid-game" source="Orion">Squid Game</keyword> has collapsed, and anonymous scammers behind the <keyword id="2721952" type="General" weightage="80" keywordseo="crypto" source="Orion">crypto</keyword>currency that peaked to $2,861 before plummeting to $0 on Monday, made over $2.1 million before shutting the crypto project. The SQUID crypto coin was trading at $0.003203, reports CoinMarketCap. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx">wazirx</cmsannotation> The developers behind the crypto project have left the project after the price of its affiliated token crashed to nearly zero. They claimed on its official Telegram channel that its developers do not want to continue running the project due to the stress of dealing with scammers. "Someone is trying to hack our project these days. Not only the twitter account @GoGoSquidGame but also our smart contract. We are trying to protect it but the price is still abnormal. Squid Game Dev does not want to continue running the project as we are depressed from the scammers and are overwhelmed with stress [sic]. We have to remove all the restrictions and the transaction rules of Squid Game. Squid Game will enter a new stage of community autonomy," the developers' Telegram channel wrote. The latest development shows just how risky it can be to invest in a new and hyped token in the crypto market, reports <keyword id="11929735" type="General" weightage="20" keywordseo="coindesk" source="Orion">CoinDesk</keyword>. Called "rug pull" by crypto investors, such digital scamming happens when the creators of the crypto quickly cash out their coins for real money, draining the liquidity pool from the exchange. Launched last week, the Squid Game crypto project gained instant popularity and the token rose by more than 35,000 per cent in just three days - despite several red flags including grammatical and spelling errors in the project's white paper. Its Telegram channel, set up by the unknown scammers, also didn't allow comments from outsiders. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/crypto-could-be-the-greatest-innovation-of-our-lifetime-and-other-soaring-predictions-from-jmp/articleshow/87474130.cms">Crypto could be the 'greatest innovation of our lifetime' and other soaring predictions from JMP</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/obscure-altcoin-mana-spikes-400-as-facebooks-metaverse-pivot-spurs-bet-on-virtual-property-token/articleshow/87471565.cms">Obscure altcoin mana spikes 400% as Facebook's metaverse pivot spurs bet on virtual property token</a>

Squid Game cryptocurrency trading at $0, scammers make $2.1 million

IT major Infosys has instrumented a new plan to beat Trump's propaganda, according to news agency PTI. Infosys has been in favour of a healthy mix of local and global personnel even though hiring locals in overseas markets often pushes up operational costs for IT outsourcing companies. With the US mulling over various measures to make visa norms stricter under the <keyword id="6354484" type="PERSON" weightage="20" keywordseo="Donald-Trump">Donald Trump</keyword> administration, Indian IT firms have been contemplating tweaking their business models and accommodating more locals. "We are closely monitoring the overall situation with respect to visa... in the last 24 months, we have focused on increasing our presence in the US with a lot more local hiring," Infosys Chief Operating Officer U B Pravin Rao told investors on a recent conference call. He added that at this stage, Infosys has not seen any "undue things" that will impact the way it does business. "In this year, we will continue that focus. We will accelerate it. We will also start looking at developments and training centres in the US as well," he said. Rao, however, did not talk about the investments Infosys will make on the expansion. The North American markaccounted for over 60 per cent of Infosys' USD 10.2 billion revenue in the 2016-17 fiscal. During his election campaign, US President Trump had promised stricter immigration laws and protection of local jobs. Besides, a legislation (Lofgren Bill) in the US was introduced that proposed doubling of the minimum wages of H-1B visa holders to USD 130,000. Most recently, the US Citizenship and Immigration Services (USCIS) had come out with a policy memorandum that potentially makes it difficult for Indian technology professionals to work in the US at entry-level positions. Any change in visa norms can affect the movement of labour as well as spike operational costs for the IT players. Indian firms like <keyword id="6357150" type="CITY" weightage="20" keywordseo="TCS">TCS</keyword>, Infosys and <keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword> that are dependent on visas are now focusing on bringing on board more locals to comply with the norms. Once considered an industry bellwether, Infosys has had its share of challenges over the past few years. Apart from competition from rivals like TCS and <keyword id="28721" type="CITY" weightage="20" keywordseo="Cognizant">Cognizant</keyword>, it is also facing a public spat between founders and the Board over allegations of corporate governance lapses. Under CEO Vishal Sikka, the company has been trying to turn things around. The former <keyword id="6358384" type="COMPANY" weightage="20" keywordseo="SAP">SAP</keyword> executive has set up an ambitious target for Infosys reaching USD 20 billion revenue by 2020 with a strong focus on new technologies like automation and artificial intelligence. While Sikka himself has admitted that the goal is "aspirational", the company has continued to invest in start-ups working on these new-generation technologies. "...our FY17 revenues from new software and software- related services including Mana, Panaya, Skava and Edge grew at more than 42 per cent," Sikka said. He added that the company will report revenues on a quarterly basis from the new software and offerings such as digital, Internet of Things and cybersecurity from this fiscal onwards. The new services are also helping the company generate over USD 125,000 per year in revenue per employee.

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After Amitabh Bachchan and Rajinikanth, Sunny Leone becomes the first Indian actress to venture into NFT

IANS

Obscure altcoin mana spikes 400% as Facebook's metaverse pivot spurs bet on virtual property token

Isabelle Lee

Squid Game cryptocurrency trading at $0, scammers make $2.1 million

IANS

Bad day for brain drain in India: Infosys to hire local talents in USA

BI India Bureau