Nvidia suffered a Crypto Revenue fall after Ethereum decided to move into a proof of stake policy. This new policy has been announced for a while now, but no action is taken yet. However, this has been affecting the market ever since the announcement.
The American multinational company Nvidia is still suffering a revenue fall of over 75%. Also, as it is known in the crypto community, Ethereum miners made a lot of money during the last year, as the token’s price reached its all-time highs.
Nvidia’s top-tier gaming GPUs had been widely repurposed to mine Eth, yet after the latest changes, the company is losing many of its crypto profits. Although one might suggest that this is not a fall down.
In recent news, Nvidia celebrated the fact that for 14 years in a row, each Oscars nominee for Best VFX used NVIDIA technologies. The news was delivered in a tweet on Nvidia’s official Twitter (NYSE:TWTR) page.
The 94th Annual Academy Awards are expected to be on Sunday, March 27. The event will have five nominees on the run, including Spider-man: No Way Home, all of which are embracing the latest technologies powered by Nvidia RTX.
On this occasion, Daire Byrne, the Global Head of Systems at the British motion picture, visual effects, and computer animation, and stereo conversion company, DNEG, said:
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Source: Cryptocurrency - investing.com
