Coca-Cola NFT Collection, Binance And WazirX Drama, Holdnauts Halts Withdrawals

Written by Crypto University

August 9, 2022

Coca-Cola NFT Collection

Coca-Cola, the multinational beverages corporation, has announced the launch of a surprise NFT collection on the Polygon Network. The new NFT collection will be airdropped to holders of their previous NFT holders. Tafi, a digital avatar firm, designed these NFTs. The art is generative, with a wide range of motion and color palettes based on the traditional coke bottle design.

“International Friendship Day—which launched our metaverse journey in 2021—is the perfect milestone opportunity to thank and celebrate the people who have joined us,” said Pratik Thakar, Head of Global Creative Strategy, Coca-Cola. “We hope to strengthen and expand our ‘Real Magic’ community by building connections through physical and virtual Coca-Cola experiences.”

Like past Coca-Cola collections, this airdrop will not have utility. According to a news statement issued by Coca-Cola today, “as the community grows, digit digital collectible owners will gain access to rewards and perks, including Coke Studio-powered experiences, gaming events, and early access to Coca-Cola Creations limited-edition product launches.”

Binance And WazirX Drama

Binance CEO and founder, Chanpeng “CZ” Zhao, is currently involved in a Twitter war with the founder of WazirX, an Indian cryptocurrency exchange, Nischal Shetty. The twar is about the ownership of Zanmai Labs, the parent company running WazirX. The issue started when India’s law enforcement issued a public statement putting WazirX under investigation for suspected money laundering. 

In 2019, Binance announced that it had acquired WazirX. However, in a back and forth dispute on Twitter, Zhao denied that Binance has any ownership of Zanmai Labs. He explained that Binance never concluded the deal struck in 2019.

“You can check this fact by going to the TOS of WazirX. More facts about WazirX: Binance owns the WazirX domain name. Binance has root access to AWS servers Binance has all the Crypto assets. Binance has all the Crypto profits. Don’t confuse Zanmai and WazirX,” said Shetty in a Twitter post. 

Holdnauts Halts Withdrawals

Hodlnaut, a cryptocurrency lending platform, announced that it was halting withdrawals due to the market conditions. The company also added that it is working on a recovery plan with its legal advisors to restructure the company.

“Halting withdrawals and token swaps was a necessary step for us to stabilize our liquidity and give us the time to work closely with our legal advisors to come up with the best possible restructuring and recovery plan for our users,” said the platform.

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