Crypto round up: Zebpay’s user base grows 130%, Rohit Sharma will launch his own NFT

Here is your daily round up of news around cryptocurrencies and non fungibile tokens.
55% of Zebpay users are millenials
Indian cryptocurrency platform Zebpay witnessed a 300 per cent jump on year in trading volume in 2021. Its user base has grown 130 per cent to over 5 million as of now. Interestingly, 55 percent of users on the platform are millennials. While the majority of the traders on the platform are men, over 10 per cent of its userbase comprise women. States with the highest trading volume are Gujarat, Maharashtra, Uttar Pradesh, West Bengal, and Delhi. Bitcoin, Ether, Matic, Shiba Inu, BAT were the top traded coins on the platform this year.
India’s new white-ball captain Rohit Sharma will launch his personal NFTs on FanCraze
The collection will be inspired by memorabilia such as the ICC Golden Bat from the 2019 ICC World Cup and the ball used to pick his first IPL hat-trick for Deccan Chargers in 2009 against Mumbai Indians.
“I am looking forward to sharing some of the best moments of my career with my fans. The team at FanCraze is building the next-generation of consumer experiences, and I cannot wait to check out the super-cool HitMan NFTs and 2D/3D avatars that they will be dropping in the months ahead ,” said Sharma.
Vodafone auctions world’s first ever SMS, reading ‘Merry Christmas,’ as a non-fungible toke
British operator Vodafone sold the first ever text message in history for €107,000 ($121,000)in the form of a non fungible token (NFT) to an unnamed buyer. Transmitted by Vodafone on December 3, 1992, the SMS consists of 15 characters and reads: “Merry Christmas.” It was sent by programmer Neil Papworth to a colleague, Richard Jarvis, who received it while he was at the company’s Christmas party.Vodafone would donate the proceeds of the sale to the United Nations refugee agency (UNHCR).
Premium tea company Vahdam India gifted a personalised NFT to Parag Agarwal, the newly appointed CEO of Twitter.
The NFT has been listed on marketplace platform OpenSea and features Agarwal sipping tea in his office soaking in the momentous day in his life that is now being celebrated by Indians across the globe.
RBI warns against stable coins
The Reserve Bank of India has cautioned investors against stable coins, stating that any cryptocurrency assets pegged to the US dollar could be a threat to the Indian Rupee. Stablecoins are crypto-assets that peg their value to a traditional investment asset class such as the US dollar or gold. It also believes that if stablecoins are allowed in India, it could impact the RBI’s ability to control currency fluctuations and volatility.