The Ordinals protocol was introduced to Bitcoin in early 2023 at a most opportune time. Bitcoin had nearly two years of low transaction fees from the lack of demand to actually send Bitcoin transactions. Bitcoin is considered to be the most secure blockchain in the world, but that security depends …
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By now, hearing “NFT” in any context evokes some sort of reaction — good or bad. Some may be immediately thrust back to the spring of 2021 when digital artist Beeple sold an NFT of his original artwork for $69 million. Others might remember Peter Davidson’s singing “What the hell’s …
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The Web3 industry has experienced massive growth in recent years, from a niche showing glimpses of the future of the internet to the reality of building that future with the brightest minds and makers. The space has also received support from several influential people, including big names from outside of Web3. …
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In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount …
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The Simpsons roasts NFTs in new Halloween special Animated television series The Simpsons spent an entire segment mocking nonfungible tokens (NFTs) during the latest 34th annual Treehouse of Horror Halloween special, in a segment called “Wild Barts Can’t Be Token.” In the special, Homer accidentally mints Bart on the blockchain, …
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The NFT space is buzzing with activity currently. Yuga Labs recently won a lawsuit with NFT artists Ryder Ripps and Jeremy Cahen paying $1.6 million in compensation for infringement. While everyone’s attention remains currently glued to Bitcoin and the broader crypto market, a lot has been happening parallel in the …
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Dear Crypto fam, today we are looking into an event put on by an amazing couple, coming up in the Dubai NFT scene. Team VESA and Vernissage have become fast friends, as the two entities share a similar vision for fine art NFTs and maturing of the market. VESA co-Founder …
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Elon Musk criticized NFTs and offered a solution which seemed to praise Bitcoin Ordinals as they solve the problem the Tesla CEO highlighted. X (formerly Twitter) Chairman Elon Musk recently spoke on a podcast deriding non-fungible tokens (NFTs). However, while speaking, Elon Musk seemed to unintentionally make a case for …
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Elon Musk has never shied away from expressing his opinions on the ever-evolving landscape of cryptocurrencies. While his fondness for digital currencies, notably Dogecoin, is widely known, his stance on non-fungible tokens (NFTs) appears to be less enthusiastic, as highlighted in a recent interview on the Joe Rogan podcast. NFTs, …
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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,” …
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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 …
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The United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks. In an interview with Cointelegraph, Burks said he believes a recent report from a U.K. parliamentary committee significantly exaggerates …
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