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While publicly mocking non-fungible token (NFTs) during a podcast, Tesla CEO and billionaire Elon Musk appears to have inadvertently highlighted the case for Bitcoin Ordinals, also known as Bitcoin NFTs. “The funny thing is the NFT is not even on the blockchain — it’s just a URL to the JPEG,” said Musk in an Oct. 31 released interview on The Joe Rogan Experience. Musk said NFT projects should at least encode the JPEG on-chain: “You should at least encode the JPEG in the blockchain. If the company housing the image goes out of business, you don’t have the image anymore.”…

Atari recently unveiled the new versions of its coveted Atari Club member jackets. These attractive jackets are not available for all—only the holders of Atari’s ARC NFTs will have access.The jackets serve as a creative blend of the gaming world and fashion. This has been possible due to Atari’s official collaboration with the popular fashion brand, Members Only. The partnership promises to deliver unique and distinctive jackets, creating collector’s pieces that resonate with gaming enthusiasts and fashion lovers.NFT Owners Enjoy Special BenefitsAtari offers enticing benefits for ARC NFT holders. These perks form the cornerstone of Atari’s strategy in nurturing a…

Web3 interoperability layer deBridge has launched an Infrastructure as a Service (IaaS) turnkey solution that offers a subscription-based interoperability service to facilitate cross-chain movements on Ethereum (ETH) and Solana (SOL) Virtual Machines, according to a Nov. 1 statement shared with Crypto. The newly launched IaaS is designed to tackle key challenges hampering interoperability between the Ethereum and Solana ecosystems. To do this, the service is packaged as an all-in-one solution relying on some of deBridge’s products. As a result, the service will facilitate the transfer of authenticated messages via deBridge and promote high-performance cross-chain trading and value transfers using its…

Ava Labs will sunset its Etherscan-run block explorer and replace it with a new product, dubbed Routescan, on Nov. 30. Users will be required to back up the information they have included on the block explorer before the deactivation date, including addresses, private name tags and private transaction notes. According to the Etherscan website, the decision to discontinue block explorers is often the result of various factors, including the expiration or non-renewal of a service agreement or lack of team bandwidth. Luigi D’Onorio, the head of DeFi and developer relations at Ava Labs, told Blockworks that Snowtrace as a domain…

As October comes to an end and the Halloween festivities come to a close, we look ahead at a some games to watch in November. Expect to see more releases and playtests before the end of the year, but here are a few web3 games and game-related companies we’re watching this month — for various reasons! The web3 gaming market continues to grow, with mobile gaming generating a huge surge in player numbers. But even so, it’s not all about mobile games. There is still a lot of development going on with desktop and web-based games as well. Here are…

The Atari club is coming back—with Members Only jackets in tow. Retro game publisher Atari is launching new versions of its Atari Club member jackets inspired by the 1980s originals. The navy blue zip-up jackets will go on sale Thursday until December 1 and will only be available to holders of Atari’s ARC NFTs, according to the announcement. Compared to the original jackets, the new versions will be of a thicker material, and the Atari logo is no longer a removable patch but is instead embroidered onto the coats. It’s an official collaboration with the Members Only fashion brand that…

Summary Pudgy Penguins is an adorable NFT collection known for its unique traits and vibrant community engagement. The rarity and distinctiveness of each Pudgy Penguin contribute to its value and appeal in the market. The project faced challenges with its original founders but found redemption under new leadership. Recent developments include significant funding, the launch of physical toys, and high-profile NFT acquisitions. Despite the crypto market downturn, Pudgy Penguins has thrived, introducing innovative products and fostering community connections. Growth of Pudgy Penguins Since the ‘NFT Bull Market’ of 2021, the vibrant landscape of non-fungible tokens (NFTs) has experienced significant peaks…

Patrick Amadon combines a passion for art and activism, and is articulate about how he intends for his work to have impact. Self-described as a “digital disobedient,” the Los Angeles-based glitch artist has been no stranger to controversy, having made international headlines for his “No Rioters” digital billboard displayed at the Hong Kong Art Week in March that was eventually taken down for its political undertones. He also made headlines when he pulled out of Sothebys first glitch show, taking a stance against a lineup of artists that featured no women or non-binary people.(For the uninitiated, glitch art purposefully includes…

NFTs have changed our understanding of digital assets since gaining more mainstream attention in recent years. With this, the relationship between NFTs and physical assets has also emerged as an intriguing and innovative use-case for this technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are unique digital tokens that represent one-of-a-kind items or assets. While NFTs are predominantly associated with the digital space, they can also be linked to physical assets through tokenization, thus bridging the gap between the virtual and physical worlds. This link has introduced new…

From the emergence of “AI x blockchain” use-cases to an increasing role of stablecoins in financial markets, to the maturation of zero-knowledge proofs, I believe the overall space remains resilient despite volatile market conditions. Within this article, I will explore some of the spaces which we at Pantera are keeping an eye on. Whereas Web2 has progressed from social to finance, Web3 is moving from finance to social. From Friend.tech to on-chain loyalty, recently there has been more attention on the social element of Web3, seeking to use tokenization to transform social behavior. As consumer transactions may become more frequent…