Author: admin

In this week’s newsletter, read about how France’s top contemporary art museum will display nonfungible tokens (NFTs). Find out why a founder of the Bored Ape Yacht Club (BAYC) copycat project, RR/BAYC, is opposing trademark applications from Yuga Labs. Check out how NFTs based on Ethereum lost 60% of their market capitalization, and learn how Bitcoin (BTC) non-zero addresses surged because of Bitcoin NFTs. And don’t forget this week’s Nifty News, featuring American socialite Paris Hilton launching a dating metaverse called Parisland. France’s top modern art museum to display CryptoPunks, Autoglyphs NFTsThe Centre Pompidou, the leading modern art museum in Paris,…

A valuable Bored Ape Yacht Club (BAYC) #1626 was permanently removed from circulation by its owner, Jason Williams, at the weekend.Williams, better known as @GoingParabolic on crypto Twitter, aimed to symbolically shift the asset’s underlying blockchain from Ethereum to Bitcoin.BAYC #1626 is an Ape from the most valuable project in the NFT space, and its most recent sale on OpenSea took place last November when it sold for 108 Ethereum, which was almost $432,000 at the time, or $169,000 at today’s valuation.The ownership of BAYC #1626 is linked to a digital token that is recorded on the Ethereum network, where…

Side-scrolling action RPG, Chronos: Dawn of Time, launches into open beta. Anyone can download the game through the Elixir app and get a beta code to try out this game alpha, which includes PvP and PvE game modes. Chronos: Dawn of Time, brings their multiplayer RPG to open beta, launching on the increasingly popular Elixir platform. Elixir is well on their way to establishing themselves as the Steam of web3 gaming! To get into Chronos, players will need a beta code. These can be acquired by joining their Discord server and submitting a request ticket. To help promote the launch,…

Blockchain Xverse, billed as a “Bitcoin wallet for Web3,” just rolled out support for Ordinals, the newly popularized protocol allowing users to inscribe NFTs onto the Bitcoin blockchain.“Today, we’ve launched first class support for Ordinals,” tweeted the wallet team on Wednesday. The company explained that inscribing NFTs through its software involves “no need to run a node, complex software, or anything else,” merely some Bitcoin to pay a transaction fee, which can be bought directly through the app. Inscriptions are made via Gamma.io, a Bitcoin NFT marketplace that rolled out “no-code ordinal inscriptions” last week. According to Xverse, roughly 5%…

The crypto industry will “probably” start using euro, yen, or Singapore dollar-based stablecoins in the future, reducing its reliance on United States dollar-based stablecoins, according to Binance CEO Changpeng Zhao, also known as “CZ.”CZ gave the statement in a Feb. 14 Twitter Spaces event in answer to a question about the crypto industry using gold as a standard of value instead of the U.S. dollar. CZ agreed that it “makes sense” to use gold. However, “most people’s costs are still in fiat currencies.” For this reason, most people calculate their investment returns in dollars, which is why U.S. dollar-backed stablecoins…

NFT Bitcoin NFTs via Ordinals are the buzziest thing in the space lately, with more than 100,000 such media assets committed to the blockchain in barely two weeks. Surprisingly, that tally includes 535 NFTs from DeGods—the most valuable Solana NFT project. DeGods revealed the move on Monday as word circulated that the profile pictures (PFPs) had all been inscribed on Bitcoin in a single block. (“Inscribing” is the process by which NFT-like assets are created on the Bitcoin blockchain, akin to “minting” on Ethereum.) The 535 particular images were originally released via Solana in 2021, but were “burned” (or permanently…

NFT Fox Entertainment and its web3 arm Blockchain Creative Labs are unveiling a new token-gated fan experience for the network’s hit singing competition show “The Masked Singer.”Holders of a non-fungible token, or NFT, called “Masked Singer Stars,” will be able to “watch exclusive content featuring behind-the-scenes and confessionals from this season’s contestants.” The NFTs will cost about $50 and there will be a limited supply of 1,050, Fox said in a statement. Fans will need to win a chance to purchase the NFTs by scanning a QR code and then participating in interactive initiatives like voting on the contestants they…

Historic luxury car manufacturer Lamborghini are speeding into web3 with the VeVe digital marketplace with an iconic new NFT collection. The collection is live on 19th February. Also, the first car to feature as a collectible is the Lamborghini Huracán STO. How do we get the Lamborghini NFT you ask? Read on to know more about the collection! The Lamborghini verde citrea model expected to be one of the community favorites. Image Credit: VeVe How to Collect the Lamborghini NFTs on VeVe? The Lamborghini collection goes live on the 19th of February on VeVe with the beastly Huracán STO leading…

NFT As the internet recovers from Rihanna’s red-hot Super Bowl performance, NFT fans are being frustrated by OpenSea’s decision to halt secondary sales of the NFT collection for her song “Bitch Better Have My Money.” Last week, Web3 music platform AnotherBlock split 0.99% of the total royalties to the song across 300 Ethereum NFTs. One of the song’s producers, Jamil “Deputy” Pierre, co-produced the Rihanna song in 2015 and brought a percentage of his royalties to the blockchain. It’s unclear to what extent Rihanna herself is aware of the collection’s existence. The NFT collection—which grants holders of these NFTs a…

NFT According to a report by DappRadar and Alsomine, the industry needs to shout louder about ‘Utility NFTs.’ The NFT boom of late 2020 to early 2021 was characterized by headline-grabbing sales with little utility. Since then, the industry has tried to put utility at the forefront of its products. A Utility NFT is a non-fungible token that is useful for more than trading, collecting, or earning a profit. These “Utility NFTs” have been touted as the future of digital assets. According to a report released on Wednesday, the message isn’t reaching enough people. Findings from DappRadar and Alsomine show…