AAVE Now Listed by Robinhood

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According to an announcement on the Robinhood Twitter handle, DeFi token AAVE has been listed by the stock brokerage giant. A cryptocurrency listing bot indicates the listing of AAVE, which was done alongside that of Tezos (XTZ). Both coins now show up on the official Robinhood website.

AAVE @AaveAave and XTZ @tezos are now on Robinhood #CryptoListinghttps://t.co/QtzBwskSdo

— Robinhood (@RobinhoodApp) October 24, 2022

AAVE is the native asset of Aave, a decentralized finance protocol that allows people to lend and borrow crypto. Aave's price is up 5% on the news. At the time of publication, AAVE is changing hands at $86.59, up 10.57% in the past seven days.

Last month, Robinhood announced the listing of the second largest stablecoin by market capitalization, USD Coin (USDC). Robinhood supports 19 cryptocurrencies in total — this list includes Bitcoin, Ethereum, Litecoin, ADA, Dogecoin, USDC and Solana, with USDC being the first stablecoin listed by the stock brokerage app.

Robinhood added the meme cryptocurrency, Shiba Inu (SHIB), in April, after a petition to list the token surpassed half a million signatures. The stock brokerage giant also enabled support for Polygon (MATIC), Solana (SOL) and Compound (COMP) that month.

In late June, Robinhood listed Chainlink (LINK), a decentralized blockchain oracle network built on Ethereum, subsequently listing Stellar (XLM), Avalanche (AVAX) and Uniswap (UNI).

Read more on U.Today https://u.today/aave-aave-now-listed-by-stock-brokerage-giant-robinhood

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Japan Reveals Plans to Accelerate NFT, Metaverse Investments

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The Prime Minister of Japan, Fumio Kishida, has reiterated his government's plans to invest in Web 3.0 technology. In his "State of the Union" address this week before Japan's National Diet, Kishida stated that expanding the use of Web 3.0 services that utilize metaverse and non-fungible token (NFT) innovations is part of the government's digital transformation plans.

The prime minister also highlighted in the policy speech that Japan is already implementing several initiatives in this direction — including issuing NFTs to local authorities that are using digital technology to solve challenges in their jurisdictions. He said: 

We will focus on supporting the social implementation of digital technology. We will also promote efforts to expand the use of Web 3.0 services that utilize Metaverse and NFT.

The Japanese government took its first steps to promote Web 3.0 technology back in July when it established the Web 3.0 Policy Office under the Ministry of Economy Trade and Industry (METI) minister's secretariat. The office will bring together all government departments responsible for making and enforcing policies related to the nascent metaverse technology.

Read more on U.Today https://u.today/breaking-japan-reveals-plans-to-accelerate-nft-metaverse-investments

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The post Japan Reveals Plans to Accelerate NFT, Metaverse Investments appeared first on Fat Pig Signals.