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What is the ORC-20 standard? ORC-20 is an open standard for ordinal tokens on the Bitcoin network, created with the aim of adding new features to the BRC-20. It aims to be backward compatible with the BRC-20, to improve adaptability, scalability, and security, while eliminating double spending, which has been a problem for some. BRC-20 token. As with BRC-20 Tokens, ORC-20 is an experimental project with no guarantee that tokens generated according to this standard will have any value or utility. They can bring new features, but they can also bring a host of new problems, bugs, and trade-offs that…

Blockchain Following a knowledge update on the standard, Binance Academy ORC-20 tokens, its trading volume recorded a record high on May 13. You may be familiar with BRC-20 tokens, but have you heard about ORC-20 tokens?The ORC-20 protocol builds on Ordinals and the BRC-20 token standard.Learn more about ORC-20 tokens and how it compares with BRC-20 tokens ⬇️https://t.co/XVomctnq1s pic.twitter.com/Oehsf6W3Hl — Binance Academy (@BinanceAcademy) May 13, 2023 According to data from Dune, the number of ORC-20 transactions on the Bitcoin blockchain in a day reached 72,200 on May 13, a record high, of which around 70,000 Inscriptions were minted with 5,9…

Larva Labs, the brainchild of Matt Hall and John Watkinson, has been a pivotal game-changer for blockchain-based products and services. Known for their groundbreaking projects such as CryptoPunks, Autoglyphs, and Meebits, Larva Labs has been a leading innovator in the Non-Fungible Token (NFT) space since its inception in 2017.Meet the Founders: Matt Hall and John WatkinsonMatt Hall and John Watkinson, the ingenious minds behind Larva Labs, have a rich background in technology and creativity. Both have contributed to the creation of the Androidify app and the FlowHome launcher. Matt, a software engineer and artist, along with John, a seasoned designer, together conceived…

NFT Jack Butcher, founder of creative agency Visualize Value and artist behind the breakthrough Checks VV non-fungible token (NFT) collection, is releasing a new project titled Checks Elements that pairs generative artwork with hand-drawn physical prints. Checks Elements, a 152-piece generative art collection, is inspired by the four classical elements of earth, fire, water and air. Each piece in the collection is a unique algorithmically-generated composite of colors that make up these elements, and explores the “ever-evolving relationship between consensus and truth.” “Elements are conceptually … the first instance of decentralized consensus,” Butcher told CoinDesk. “We’re trying to play into…

NFT Jasmine Monsegue, also known as the artist Spacebrat, released her first free NFT called “Gleam” through an open edition mint, and its popularity exceeded her expectations. “[I] cannot believe planet Earth minted my first NFT 30,762 times in the last 23 hours,” she cheered on Twitter. “You guys are on another level!” Cannot believe planet earth minted my first NFT 30,762 times in the last 23 hours???? you guys are on another level! check in for the last 24hrs to mint it out if you haven’t already https://t.co/L7xGJbYcBC ⭐️ — spacebrat (@thespacebrat) May 10, 2023 But that was only…

NFT Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations, as sales skyrocketed by 31.22%. Throughout the seven-day interval, NFT sales attained $208.17 million. The substantial rise in this week’s NFT sales can be credited to the appearance of NFTs originating from the Bitcoin blockchain. Bitcoin-Based NFT Sales Gain Significant Momentum Bitcoin NFT sales have emerged as a key contributor in the digital…

Today we take a look at Worlds Beyond, another contender in the web3, virtual worlds space. This collection of virtual worlds is focusing on delivering tools and AI assistance for developers and gamers to created community built content for their ecosystem. Described (by themselves) as a web3 version of Roblox for adults, Worlds beyond joins the ever growing group of developers seeking to build a ecosystem of community built, virtual worlds and games. Worlds Beyond follows much of the standard plans for virtual world systems – world customization, developer tools support, game launcher, etc. But, Worlds Beyond is also leaning…

NFT In Q1 2023, the general statistics of the NFT market increased strongly compared to Q4 2022, consolidating the strength of an industry that until a few months ago had been given up for dead. Let’s take a look at what the main drivers of this growth were and which NFT collections had the highest volumes. All the details below. Market statistics: NFT volumes growing strongly Which NFT collections have the highest sales volumes? Trend of the moment: Ordinals and non-fungible tokens on Bitcoin Market statistics: NFT volumes growing strongly In Q1 2023, we saw an increase in NFT sales…

Mattel and Boss Beauties team up to introduce ‘Boss Beauties x Barbie’ virtual assets, NFTs that celebrate the iconic doll’s career history since her origin in 1959. The central objective of the digital assets is to encourage women into Web3 and pursue the jobs they desire, regardless of traditional societal expectations. Early access began on May 11, however, the official launch will roll out at VeeFriends‘ event, VeeCon, on May 18. Showcasing 25 of Barbie’s iconic professions, including astronaut, CEO, doctor, pilot, veterinarian, and more, the virtual assets on the Flow blockchain will be available for $25 per pack of four.…

Mirandus brings us another tech test / playtest for their fantasy MMO. Launching on May 15th, this playtest opens up an actual slice of the world letting players, explore, socialize, fight, hunt, and craft! The next Mirandus playtest kicks off on May 15th and runs for two weeks (though no firm close date has been set). Players will need to own a Mirandus Exemplar character and keep it in their Gala wallet to join in this playtest. There are still some Exemplars available in the Gala Games store, and on third party markets. Also, the NFT game items Ring of…