MicroStrategy Buys More Bitcoin, Polkadot Governance Version 2, HTC Metaverse Phone

Written by Lindi Miti

June 30, 2022

MicroStrategy Buys More Bitcoin 

Michael Saylor, CEO of MicroStrategy, announced that the company bought more bitcoins. “MicroStrategy has purchased an additional 480 bitcoins for approximately $10.0 million at an average price of $20817.00 per bitcoin,” wrote Saylor on Twitter. The company now holds 129,699 bitcoins on its balance sheet. 

MicroStrategy owns more bitcoins than any other company in the world. The company started acquiring bitcoin in August of 2020. Saylor, a bitcoin evangelist, has appeared on numerous U.S. television shows to talk about bitcoin and why it is the future of money. 

Despite the recent purchase, MicroStrategy’s stock price remains 40% down from its all-time high due to market conditions and its association with Bitcoin. During the crypto crash, Saylor debunked rumors that the company was facing margin calls for its bitcoin positions.  

 Polkadot Governance Version 2

Polkadot, an open-source blockchain platform, announced they are upgrading its governance system. The new governance system is called Governance version 2 (or Gov2). Gov2 will significantly increase the decentralization and decision-making process.

Polkadots previous governance mechanism centered on a few council members.  The Polkadot Council made all the decisions concerning treasury spending. That was seen as too centralized by the rest of the team. They argued that it went against the ethos of blockchain decentralization.   

“Polkadot’s Governance v2 offers new building blocks for parachains to craft their desired governance process while sharing a common infrastructure. This unlocks new possibilities to implement governance processes with the right balance between decentralization and efficiency,” said Bryan Chen, CTO of Acala, a decentralized finance hub on Polkadot.

HTC Metaverse Phone

HTC, a computer manufacturing company, launched its first metaverse phone, Desire 22 Pro. The Desire 22 Pro has an NFT wallet in addition to metaverse features, which allow users to visit the Viveverse without using AR and VR devices. The Viveverse is HTC’s very own metaverse brand.

Like Facebook Meta, the Viveverse allows users to travel through a digital virtual universe while maintaining a sense of identity. Earlier this year, HTC launched AR and VR devices for the Viveverse experience.

Written by Lindi Miti © Crypto University 2022

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