Gate.io Blog Daily Flash | Gucci accepts cryptocurrency payment；Lido becomes the DeFi protocol with the highest TVL

Daily Flash | Gucci accepts cryptocurrency payment；Lido becomes the DeFi protocol with the highest TVL

05 May 12:48

Today's Topic - Gucci will accept cryptocurrency payment at the end of May

Luxury brand Gucci will start accepting cryptocurrency payments in some stores in the United States in late May and plans to expand the pilot to all its North American stores this summer.

The first batch of Gucci stores supporting cryptocurrency payment include Wooster Street in New York, Rodeo Drive in Los Angeles, Design District in Miami, Phipps Plaza in Atlanta and Crystals store in Las Vegas.

The accepted cryptocurrencies include BTC, BCH, ETH, WBTC, LTC, DOGE, SHIB and five stablecoins linked to the US dollar.

It is reported that Gucci has recently formed a team focusing on Web3, and has purchased the lands on the Sandbox (a blockchain-based real estate platform) and is developing digital real estates on the Sandbox, in which brands such as Adidas and Al Dente are also developing the lands.

What do you think about Gucci supporting cryptocurrency payment?

Today's Chart - Lido Finance has surpassed Curve to become the DeFi protocol with the highest total value locked

On May 5, according to the data, the total value locked (TVL) of Lido Finance (a decentralized staking agreement) surpassed Curve and became the DeFi protocol with the highest total value locked. Presently, Lido Finance's total value locked is approximately $19.52 billion, and Curve's total value locked is approximately $19.3 billion.

Anchor Protocol ($17.23 billion), MakerDAO ($13.53 billion) and Aave ($11.84 billion) ranked third to fifth.

Today's Influencer - Musk believes that NFT is fungible

On May 4, Musk changed the twitter avatar to the related pictures of Bored Ape Yacht Club and tweeted: "maybe... is fungible".

Meanwhile, Michael Bouhanna, vice president of Sotheby's, posted on social media that Musk used the pictures of 101 Bored Ape Yacht Club (BAYC) NFT auctioned by Sotheby's as avatars without permission, hoped Musk would delete or indicate the source, and said that Sotheby's would provide the original pictures to Musk after obtaining the buyer's permission.

The pictures are all the items from the previous101 Bored Ape Yacht Club (BAYC) NFT bid at Sotheby's online auction, with a transaction price of $24.39 million.

Do you think NFTs are fungible? How far are we from the real NFT?

Hot events yesterday - #Vitalik Buterin L2 transaction fee, #Indian cryptocurrency Exchange customer data

Vitalik Buterin: the L2 transaction fee needs to be less than $0.05 to be "really accepted"

Uzbekistan released cryptocurrency regulatory framework

Dubai cryptocurrency regulator buys land to build headquarters in metaverse

The Indian cryptocurrency exchange is required by regulators to record customer data for five years

Argentina's largest private bank has increased cryptocurrency transactions

Author: Gate.io Researcher: Byron B. Translator: Joy Z.
* This article represents only the views of the researcher and does not constitute any investment advice.
*Gate.io reserves all rights to this article. Reposting the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.

BTC/USDT + 0.41%

ETH/USDT + 0.46%

DOGE/USDT -2.70%

SHIB/USDT -2.77%

BCH/USDT -0.07%

LTC/USDT -1.66%

WBTC/USDT + 0.35%

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Daily Flash | Gucci accepts cryptocurrency payment；Lido becomes the DeFi protocol with the highest TVL

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