Ultimate Fighting Championship (UFC) player Guido Cannetti from Argentina is the first martial arts competitor from the South American nation to receive 100% of his salary in stablecoins, according to Cointelegraph. This is despite rising inflation and a deteriorating Argentine economy, according to cryptocurrency payroll service Bitwage.
“I get paid in USD Coin (USDC) because it’s safer for my future,” Cannetti said in a Bitwage statement, saying stablecoins would protect him from local currency volatility and devaluation.
Rario launches NFT with a South African cricketer
Rario, an NFT platform on Monday announced a partnership with South African fast bowler Lungi Ngidi and batsman Temba Bavuma to launch their own non-fungible tokens (NFTs).
Lungi Ngidi is a South African cricketer who spearheaded fast bowling for the Proteas. Bowling at a blistering pace of up to 140 km/h, he is known for using an open-chest action and is equally at home on the openings as he is from the dead. He was one of five Cricketers of the Year at the 2018 South African Cricket Annual Awards. He joined the Delhi Capitals IPL team in February 2022.
Ngidi said of the partnership, “I can’t contain my excitement about launching my non-fungible tokens exclusively with Rario. largest cricket NFT platform in the world, seems like a dream come true!I think it’s a great illustration of how technology and sports can not only co-exist, but support each other to create a higher degree of excitement for the fans.
Giottos launches Ethereum staking for users
Giottos, a crypto exchange has announced that its users can now stake Ethereum (ETH) to earn an estimated annual percentage return (APY) of 7%. Giottos launched its staking product earlier this month with support for Cardano (ADA), Polygon (MATIC), Solana (SOL) and Tron (TRX) blockchains.
“Users can stake a minimum of 0.1 ETH up to 30 ETH. They will also earn mining rewards, transaction fees, and maximum extractable value (MEV) earnings on their staked ETH. These rewards will automatically be re- staked and will return to their wallet,” the crypto exchange said in a statement.
Cryptocurrency staking is a method of pledging crypto assets to support a proof-of-stake (PoS) blockchain network and confirm transactions. Staking complements Giottos range of smart investment products, including Term Deposits, Baskets and Systematic Investment Plans (SIPs).