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The January launch of Bitcoin Ordinals created a stir within the crypto community about its place within the Bitcoin ecosystem. Users are debating whether they offer new use cases for Bitcoin or if it takes away from BTC’s peer-to-peer cash system vision.No matter the community sentiment on the Bitcoin-based nonfungibale token (NFT) issue, this did not stop Bitcoin (BTC) mining firm Luxor Mining from acquiring OrdinalHub, the primary platform for Bitcoin NFTs.The announcement came on Feb. 20, with 150,000 inscriptions (Ordinals) already made, a 15000% increase from the beginning of the month.Luxor highlighted the fact that the current state of Bitcoin…

The company behind the sunken ship’s exhibitions, RMS Titanic Inc., has partnered with Artifact Labs, a Hong Kong-based Web3 firm, to mint relics from the ship on the blockchain as NFTs. This is according to an official statement seen earlier today.The goal is to “bring the RMS Titanic and its physical artefacts into Web3.” Additionally, both seek to “place the legacy of the Titanic in the hands of the global public.” That said, this partnership will see 5,500 physical artefacts recovered from the Titanic turned into NFTs. Also, this will happen to any other artefacts that are found on the…

The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United States securities regulator — according to Coinbase’s head lawyer.Paul Grewal, Coinbase’s chief legal officer, made the comments Feb. 21 in his response to a shareholder question regarding its staking services during a Q&A session on the exchange’s fourth-quarter results, noting:“The staking products that we offer on Coinbase are fundamentally different from the yield products that were described in the reinforcement action against Kraken. The differences matter.”The first point of difference Grewal…

Artifacts recovered from the wreckage of the Titanic will be tokenized using blockchain technology through a partnership driven by the company that acts as steward of the sunken vessel.A three-way partnership involving the company RMS Titanic (RMST), Hong Kong-based Venture Smart Financial Holdings and Web3 firm Artifact Labs will begin tokenizing precious artifacts from the Titanic to unlock a myriad of Web3 functionalities.Select artifacts from the sunken Titanic will be preserved as nonfungible tokens (NFTs) to open up shared ownership to the general public. RMST holds the exclusive rights to recover artifacts from the Titanic and its wider debris field…

One of the most popular anime NFT projects of all time, 0N1 Force, now has new owners. Accordingly, high-profile Web3 investors joined forces to purchase the collection and take it to a new level. Their main goal is to turn the project into a full metaverse-native IP – and they’re willing to invest “significant funds” to make it happen! The popular anime blue-chip NFT project 0N1 Force now belongs to a group of leading Web3 investors ready to scale the collection. Who Bought The Blue-Chip NFT Collection? Starting this month, the 0N1 Force NFT collection belongs to a newly-formed group…

On the eve of their official launch, Chainmonsters announced that they were moving from the Flow blockchain to Immutable X. Soon, players will be able to mint NFTs from the game, and it was important to make sure that the game was setup in the right space for their needs. The Chainmonsters team released a statement explaining their thought process behind the move. Part of the appeal of Immutable X is the ongoing creation and implementation of developer tools, including the recently announced Immutable Passport. These tools allow the team to spend more of their time focusing on developing the…

Blockchain Blockchain technology is often a valuable tool in solving various business challenges due to its ability to create secure, trusted, and transparent data sources and has gained traction across industries as businesses seek efficiency and cost reductions. Daniela Barbosa, the Executive Director at the open-source blockchain development firm the Hyperledger Foundation, spoke to Cointelegraph about how blockchain for enterprise is transforming global markets and industries. Barbosa noted blockchain technology has already demonstrated its value in various enterprise use cases, such as provenance tracking, logistics, and cross-border payments. By providing efficiency and cost-saving solutions while saving time and labor, enterprise…

Who would have thought a company that specializes in issuing unique digital works would be operating with an unauthorized logo? That’s the predicament Yuga Labs found itself in recently after using an unlicensed emblem for its Bored Ape Kennel Club (BAKC)The revelation occurred on February 17, when keen Twitter user, COLOMBO, spotted the resemblance between the logo and the original drawing. The likeness was acknowledged by both the image’s original creator, Easy Drawing Tutorial, and Greg Solano, the Yuga Labs co-founder.Bro @BoredApeYC @yugalabs what a fucking joke bahahahahaha you got some explaining to do. 4/5/21 and your kennels came out 6/21…

NFT While there was a distinctly mixed response when Ubisoft released in-game NFT products with Ghost Recon Breakpoint in December 2021, the company has continued to advance in the Web3 space. Ubisoft was the first major video game publisher to do so. It’s the ???????????????? ???????? ???????????? ????????????????????????! ???? Public minting is NOW OPEN!https://t.co/5Qpg2f0UPy pic.twitter.com/XxDJWR1Z1c — The Sandbox (@TheSandboxGame) February 22, 2023 One year after Ubisoft first revealed intentions to introduce its well-known Rabbids characters to The Sandbox, NFT was finally made available. For customers who had previously been included on an allowlist, Ubisoft started the sale yesterday. The Sandbox…

Crypto.com has announced a partnership to create “The Art of Giving II” NFT Collection drop that will support the local relief and humanitarian initiatives in Turkey in response to the tragic earthquakes. 100% of the proceeds from the first market sales will be donated to a local nonprofit organization.The art pieces that made up the collection are featured exclusively on Crypto.com’s native NFT platform. Every NFT is offered at a 50$ price and can be purchased until March 2, 2023, at 23:59 UTC. The art pieces can be bought via open editions; the total available editions are limited only by the…