Elacity Partners with the Metaverse Bank to Bring Seamless Payments and NFTs to the World’s Creators
Elacity, the global marketplace foruser-generatedd content on the Elastos Smart Chain (ESC), has partnered with the Metaverse Bank to provide a new model for seamless payment of user-owned content fees and royalties, allowing them to be moved freely between crypto and fiat currencies. Elacity’s unique marketplace and digital rights management system allow users to take ownership of their content and monetize.
Through the partnership, Metaverse Bank is making its Enigma stable coin payment engine available to content developers, enabling them to seamlessly transfer crypto earnings into any fiat currency around the world.
Elacity, the global marketplace foruser-generatedd content on the Elastos Smart Chain (ESC), has partnered with the Metaverse Bank to provide a new model for seamless payment of user-owned content fees and royalties, allowing them to be moved freely between crypto and fiat currencies. Elacity’s unique marketplace and digital rights management system allow users to take ownership of their content and monetize.
Through the partnership, Metaverse Bank is making its Enigma stable coin payment engine available to content developers, enabling them to seamlessly transfer crypto earnings into any fiat currency around the world.
🖼 Cozomo de’ Medici’s $7 Million NFT Received $0 Offer
Cozomo de’ Medici, the famous American rapper Snoop Dogg, posted on Twitter that XCOPY’s Right-click and Save As Guy NFT, which he bought at $7 million, received the offer of $0.00. On December 6, 2018, this NFT was initially minted. Beeple’s historic Everydays auction, the iconic piece that featured on BBC World News, helped signal a change in the public’s perception of NFTs. Cozomo de’ Medici bought this NFT for $7 million (1600 ETH) on December 9, 2021. Medici’s purchase represented a more than 3,500 percent increase in the artwork’s value because this well-known NFT piece had only ever been sold twice before, for $90 (1 ETH) and $174,195 (99 ETH), respectively. Cozomo de’ Medici, the famous American rapper Snoop Dogg, posted on Twitter that XCOPY’s Right-click and Save As Guy NFT, which he bought at $7 million, received the offer of $0.00. This year, Medici has received an offer worth $0, and he mentioned this on his Twitter account. However, just after some time of his tweet, someone made an offer on the NFT for 0.069ETH ($109).
Cozomo de’ Medici, the famous American rapper Snoop Dogg, posted on Twitter that XCOPY’s Right-click and Save As Guy NFT, which he bought at $7 million, received the offer of $0.00. On December 6, 2018, this NFT was initially minted. Beeple’s historic Everydays auction, the iconic piece that featured on BBC World News, helped signal a change in the public’s perception of NFTs. Cozomo de’ Medici bought this NFT for $7 million (1600 ETH) on December 9, 2021. Medici’s purchase represented a more than 3,500 percent increase in the artwork’s value because this well-known NFT piece had only ever been sold twice before, for $90 (1 ETH) and $174,195 (99 ETH), respectively. Cozomo de’ Medici, the famous American rapper Snoop Dogg, posted on Twitter that XCOPY’s Right-click and Save As Guy NFT, which he bought at $7 million, received the offer of $0.00. This year, Medici has received an offer worth $0, and he mentioned this on his Twitter account. However, just after some time of his tweet, someone made an offer on the NFT for 0.069ETH ($109).
Magic Eden Introduces Solana cNFTs for Effortless NFT Minting
One of the key advantages of cNFTs is their unparalleled scalability. By leveraging off-chain data storage, Magic Eden enables the creation of up to 1 million cNFTs for a fraction of the cost compared to Ethereum-based NFTs. While Ethereum transactions can range from $2.9 to over $30 for a single NFT, cNFTs offer a cost-efficient alternative, with approximately $110 enabling the minting of 1 million cNFTs. This remarkable cost-effectiveness paves the way for broader adoption and accessibility within the NFT ecosystem. Magic Eden’s introduction of cNFTs is a significant step towards democratizing digital collectibles.
One of the key advantages of cNFTs is their unparalleled scalability. By leveraging off-chain data storage, Magic Eden enables the creation of up to 1 million cNFTs for a fraction of the cost compared to Ethereum-based NFTs. While Ethereum transactions can range from $2.9 to over $30 for a single NFT, cNFTs offer a cost-efficient alternative, with approximately $110 enabling the minting of 1 million cNFTs. This remarkable cost-effectiveness paves the way for broader adoption and accessibility within the NFT ecosystem. Magic Eden’s introduction of cNFTs is a significant step towards democratizing digital collectibles.
🖼 Louis Vuitton launches Discord server with exclusive content for NFT holders
Louis Vuitton has launched its Discord server to add a new layer to its Web3 strategy. With the server, it looks to form stronger connections to its online communities with a focus on its NFT holders. The Louis Vuitton Discord server will be a chatroom with a variety of threads. There will be one for general conversation and another for innovation currently available on the platform. There are also new chrome Louis Vuitton emojis with the house emblems that members can use on the server. Members of the server will also have access to exclusive content with some conversations only accessible to those who hold NFTs from its Via NFT project. In fact, its Via NFT community will be invited to participate in the development of new ideas while contributing to the NFT experience, as reported by Vogue Business. The Via project was announced in June with the launch of a Treasure Trunk token that only selected private sale participants had access to according to the brand’s site. Selected participants will have access to a journey where they can collect a series of digital keys to unlock collectables. The first of which is an orange monogram duffle bag which was revealed during Pharrell Williams’s debut men’s runway show as creative director.
Louis Vuitton has launched its Discord server to add a new layer to its Web3 strategy. With the server, it looks to form stronger connections to its online communities with a focus on its NFT holders. The Louis Vuitton Discord server will be a chatroom with a variety of threads. There will be one for general conversation and another for innovation currently available on the platform. There are also new chrome Louis Vuitton emojis with the house emblems that members can use on the server. Members of the server will also have access to exclusive content with some conversations only accessible to those who hold NFTs from its Via NFT project. In fact, its Via NFT community will be invited to participate in the development of new ideas while contributing to the NFT experience, as reported by Vogue Business. The Via project was announced in June with the launch of a Treasure Trunk token that only selected private sale participants had access to according to the brand’s site. Selected participants will have access to a journey where they can collect a series of digital keys to unlock collectables. The first of which is an orange monogram duffle bag which was revealed during Pharrell Williams’s debut men’s runway show as creative director.
Senco Gold & Diamonds launches virtual jewellery showroom ‘Sencoverse’ on the Metaverse
Senco Gold & Diamonds, the Indian jewellery retailer with a legacy of over five decades, has taken a major step forward in the fast-evolving digital landscape by launching its first virtual showroom, ‘Sencoverse’ on the metaverse. It is India’s first virtual jewellery showroom on metaverse aimed at connecting with the new age customers to redefine their shopping by providing them a more customized and seamless experience.
Sencoverse, the digital platform from Eastern India’s largest jewellery retailer, is a convergence of technology and artistry to bring the brand’s exquisite jewellery to life in the virtual realm. The initiative offers an end to end shopping experience to customers, from hassle-free browsing of the virtual showroom to selection of items to receiving the chosen pieces at their doorsteps.
Senco Gold & Diamonds, the Indian jewellery retailer with a legacy of over five decades, has taken a major step forward in the fast-evolving digital landscape by launching its first virtual showroom, ‘Sencoverse’ on the metaverse. It is India’s first virtual jewellery showroom on metaverse aimed at connecting with the new age customers to redefine their shopping by providing them a more customized and seamless experience.
Sencoverse, the digital platform from Eastern India’s largest jewellery retailer, is a convergence of technology and artistry to bring the brand’s exquisite jewellery to life in the virtual realm. The initiative offers an end to end shopping experience to customers, from hassle-free browsing of the virtual showroom to selection of items to receiving the chosen pieces at their doorsteps.
🖼 'Hoofster' NFT-Backed Shoe Hits AVAVAV's Milan Fashion Week Runway
During Milan Fashion Week on Sunday, a distinctive shoe with crowdsourced design decisions and NFT functionality made its debut on the AVAVAV runway. Dubbed the Hoofster, the cloven-toed boot with a faux-fur overlay recalled the hooves of a shaggy pony. And now you can order it. The Hoofster, created in partnership with Web3 design studio OnlyEver, is linked to an Ethereum NFT thanks to an embedded near field communication (NFC) chip. The shoe was co-created with the AVAVAV community, whereby details from structure to color and materials—and even the name—were all put to a vote. Ultimately, it can be worn with or without the faux-fur, revealing a black leather. “By embracing blockchain technology and involving our community in the design process, we are pushing boundaries and challenging traditional norms,” OnlyEver founder Rocco Bressanin said in a statement. He also emphasized his belief that the future of fashion lies in community and co-creation. OnlyEver is the newly launched arm of luxury Italian design and production company RubensLuciano, which boasts a 35-year history in the footwear industry.
During Milan Fashion Week on Sunday, a distinctive shoe with crowdsourced design decisions and NFT functionality made its debut on the AVAVAV runway. Dubbed the Hoofster, the cloven-toed boot with a faux-fur overlay recalled the hooves of a shaggy pony. And now you can order it. The Hoofster, created in partnership with Web3 design studio OnlyEver, is linked to an Ethereum NFT thanks to an embedded near field communication (NFC) chip. The shoe was co-created with the AVAVAV community, whereby details from structure to color and materials—and even the name—were all put to a vote. Ultimately, it can be worn with or without the faux-fur, revealing a black leather. “By embracing blockchain technology and involving our community in the design process, we are pushing boundaries and challenging traditional norms,” OnlyEver founder Rocco Bressanin said in a statement. He also emphasized his belief that the future of fashion lies in community and co-creation. OnlyEver is the newly launched arm of luxury Italian design and production company RubensLuciano, which boasts a 35-year history in the footwear industry.
Cypher Metaverse Inc. Announces Next Steps in Proposed Business Combination With Agapi Luxury Brands Inc.
Cypher Metaverse Inc. (CSE:CODE) ("CODE" or the "Company") is pleased to announce that it has entered into a binding definitive agreement ("Definitive Agreement") dated August 29, 2023, in respect to a business combination (the "Transaction") with Agapi Luxury Brands Inc. ("Agapi"). It is expected that upon completion of the Transaction, the combined entity (the "Resulting Issuer") will meet the listing requirements for an industrial issuer under the policies of the CSE Venture Exchange (the "CSE").
Cypher Metaverse Inc. (CSE:CODE) ("CODE" or the "Company") is pleased to announce that it has entered into a binding definitive agreement ("Definitive Agreement") dated August 29, 2023, in respect to a business combination (the "Transaction") with Agapi Luxury Brands Inc. ("Agapi"). It is expected that upon completion of the Transaction, the combined entity (the "Resulting Issuer") will meet the listing requirements for an industrial issuer under the policies of the CSE Venture Exchange (the "CSE").
🖼 IYK secures US $ 16.3 million to pioneer NFT-driven fashion tech
New York-based Web3 and digital startup, IYK (if you know), secured US $ 16.8 million in seed funding on 28th September, to revolutionise fashion with NFTs. As both traditional and crypto-savvy brands delve into tech-infused apparel, IYK leads the way, directing this funding to fortify its NFT infrastructure and roll out the IYK Platform. This platform, a user-friendly hub for brands and artists, facilitates digi-physical experiences without necessitating technical expertise. IYK provides NFC chips for embedding into apparel and products, alongside the infrastructure to link them to blockchain tokens or NFTs. This permits people to scan connected apparel or accessories with any smartphone, even without an app, to retrieve a tokenized certificate of authenticity. This certificate doubles as an access pass to digital content and communities. The startup has collaborated with major traditional brands like Adidas, Atlantic Records, Billionaire Boys Club, Johnnie Walker, and crypto brands like Coinbase and MNTGE. Ouyang emphasised in an exclusive interview that their tech empowers creators to shape these experiences, rooted in physical actions.
New York-based Web3 and digital startup, IYK (if you know), secured US $ 16.8 million in seed funding on 28th September, to revolutionise fashion with NFTs. As both traditional and crypto-savvy brands delve into tech-infused apparel, IYK leads the way, directing this funding to fortify its NFT infrastructure and roll out the IYK Platform. This platform, a user-friendly hub for brands and artists, facilitates digi-physical experiences without necessitating technical expertise. IYK provides NFC chips for embedding into apparel and products, alongside the infrastructure to link them to blockchain tokens or NFTs. This permits people to scan connected apparel or accessories with any smartphone, even without an app, to retrieve a tokenized certificate of authenticity. This certificate doubles as an access pass to digital content and communities. The startup has collaborated with major traditional brands like Adidas, Atlantic Records, Billionaire Boys Club, Johnnie Walker, and crypto brands like Coinbase and MNTGE. Ouyang emphasised in an exclusive interview that their tech empowers creators to shape these experiences, rooted in physical actions.
Pudgy Penguins NFT Launches Toys in 2,000 Walmart Stores, Trading Volume Surges by 530%
Popular NFT collection Pudgy Penguins has launched its Pudgy Toys collection in 2,000 Walmart stores across the United States. The toys, which have been available online since May, are expected to see a significant boost in exposure with their presence in Walmart. Each Pudgy Toy will come with a unique birth certificate that enables owners to claim exclusive traits for their digital 'Forever Pudgy' character within Pudgy World.
According to data from CoinGecko, the NFT collection has registered 1,033 ETH (worth around $1.6 million) in trading volume over the past day, up by 530%. The floor price of the collection has also surged over 11% to 5.2 ETH (worth around $8,200), while its market cap reached 46,008 ETH ($73 million).
Popular NFT collection Pudgy Penguins has launched its Pudgy Toys collection in 2,000 Walmart stores across the United States. The toys, which have been available online since May, are expected to see a significant boost in exposure with their presence in Walmart. Each Pudgy Toy will come with a unique birth certificate that enables owners to claim exclusive traits for their digital 'Forever Pudgy' character within Pudgy World.
According to data from CoinGecko, the NFT collection has registered 1,033 ETH (worth around $1.6 million) in trading volume over the past day, up by 530%. The floor price of the collection has also surged over 11% to 5.2 ETH (worth around $8,200), while its market cap reached 46,008 ETH ($73 million).
🔫 Mark Zuckerberg went 33 minutes without saying ‘metaverse’ at his keynote
Meta rebranded from Facebook two years ago, the word “metaverse” went mainstream. Even people outside the tech world wondered if we would soon start to socialize via virtual reality headsets. But at least according to public opinion and the stock market, the metaverse proved itself to be pretty mid. Propelled by founder and CEO Mark Zuckerberg’s ardent vision, Meta remains committed to its dreams of a world where we attend work meetings in VR and hang out with our friends in Horizon World. Zuckerberg did not utter the word “metaverse” until 33 minutes into his Meta Connect presentation. He played a text adventure game with a Snoop Dogg–inspired AI before he mentioned the metaverse. He used AI to turn his dog into origami before he mentioned the metaverse. He made numerous references to his interest in cage fighting before he mentioned the metaverse. We don’t know how much Mark took away from his Meta Connect rehearsals — he seemed a little nervous onstage — but we can guess that someone told him sternly that he cannot talk about the metaverse. The bullying would be endless. This pivot in messaging isn’t surprising — and it’s smart, given how Meta managed to make virtual reality, an inherently cool technology, extremely uncool. This marketing shift has been foreshadowed in Meta’s .
Meta rebranded from Facebook two years ago, the word “metaverse” went mainstream. Even people outside the tech world wondered if we would soon start to socialize via virtual reality headsets. But at least according to public opinion and the stock market, the metaverse proved itself to be pretty mid. Propelled by founder and CEO Mark Zuckerberg’s ardent vision, Meta remains committed to its dreams of a world where we attend work meetings in VR and hang out with our friends in Horizon World. Zuckerberg did not utter the word “metaverse” until 33 minutes into his Meta Connect presentation. He played a text adventure game with a Snoop Dogg–inspired AI before he mentioned the metaverse. He used AI to turn his dog into origami before he mentioned the metaverse. He made numerous references to his interest in cage fighting before he mentioned the metaverse. We don’t know how much Mark took away from his Meta Connect rehearsals — he seemed a little nervous onstage — but we can guess that someone told him sternly that he cannot talk about the metaverse. The bullying would be endless. This pivot in messaging isn’t surprising — and it’s smart, given how Meta managed to make virtual reality, an inherently cool technology, extremely uncool. This marketing shift has been foreshadowed in Meta’s .
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Listing is minting...
Listing NFTs involves minting
Minting is the way your artwork, collectible, song, video, domain, or other asset becomes part of the blockchain. Named after the conventional method of producing coinage, minting represents your asset on the Ethereum network in order for it to be listed on marketplaces or traded with others. The process is achieved via several marketplaces such as OpenSea.
Listing NFTs involves minting
Minting is the way your artwork, collectible, song, video, domain, or other asset becomes part of the blockchain. Named after the conventional method of producing coinage, minting represents your asset on the Ethereum network in order for it to be listed on marketplaces or traded with others. The process is achieved via several marketplaces such as OpenSea.
🖼 Ledger to provide free wallets to Sotheby's top NFT collectors
Crypto hardware wallet maker Ledger has signed an "exclusive" partnership with centuries-old auction house Sotheby's to offer wallets to Sotheby's top digital art or NFT collectors. As part of the deal, winners of Sotheby's NFT auctions will receive a limited edition, co-branded Ledger x Sotheby's Nano X wallets, with plans to expand the offering to include Ledger Stax in the future, Ledger said Tuesday. Ledger will cover the costs of the wallets for a limited period of one year, Ian Rogers, chief experience officer at Ledger, told The Block. Ledger will also provide onboarding services to Sotheby's clients to help them understand the self-custody aspects of digital assets. It will also offer an educational content series through Ledger Academy, which will be published to Sotheby's Metaverse to give collectors further insight into web3 concepts. While Ledger has partnered with several firms — including Nike-owned virtual sneaker maker RTFKT and luxury fashion house Fendi — this appears to be the first time Ledger will offer free wallets to Sotheby's clients. Ledger couldn't immediately confirm the detailed structure of its previous partnerships, but Rogers said in a statement that the Sotheby's partnership is "unique." Sotheby's has auctioned millions of dollars worth of NFTs, including recently from the collection of failed hedge fund Three Arrows Capital.
Crypto hardware wallet maker Ledger has signed an "exclusive" partnership with centuries-old auction house Sotheby's to offer wallets to Sotheby's top digital art or NFT collectors. As part of the deal, winners of Sotheby's NFT auctions will receive a limited edition, co-branded Ledger x Sotheby's Nano X wallets, with plans to expand the offering to include Ledger Stax in the future, Ledger said Tuesday. Ledger will cover the costs of the wallets for a limited period of one year, Ian Rogers, chief experience officer at Ledger, told The Block. Ledger will also provide onboarding services to Sotheby's clients to help them understand the self-custody aspects of digital assets. It will also offer an educational content series through Ledger Academy, which will be published to Sotheby's Metaverse to give collectors further insight into web3 concepts. While Ledger has partnered with several firms — including Nike-owned virtual sneaker maker RTFKT and luxury fashion house Fendi — this appears to be the first time Ledger will offer free wallets to Sotheby's clients. Ledger couldn't immediately confirm the detailed structure of its previous partnerships, but Rogers said in a statement that the Sotheby's partnership is "unique." Sotheby's has auctioned millions of dollars worth of NFTs, including recently from the collection of failed hedge fund Three Arrows Capital.
🖼 Millions Of Compressed NFTs Are Being Minted Weekly On Solana
Bubblegum, a tool which brings down the cost of interacting with NFTs on the Solana blockchain using compression techniques (cNFTs), is routinely being used to mint over 3M NFTs on a weekly basis. Bubblegum’s key adopter is Drip Haus, a project which allows creators to mint and airdrop NFTs. Drip has been touting Bubblegum’s compression technology since early 2023. It’s notable that a cost-saving feature has generated so much use on Solana. The blockchain already has cheap fees relative to Ethereum — even in a low-demand environment. Bubblegum uses Merkle Trees, a data structure widely used across blockchains, to bring down the cost of minting the cNFTs. This is because scanning the items in a Merkle Tree scales logarithmically, meaning that minting larger numbers of NFTs results in lower costs per cNFT. To be sure, mints don’t equate to a hot market for NFTs on Solana — data from Solscan shows volume in SOL terms for NFTs has been relatively flat over the past 90 days. Bubblegum was developed by Metaplex, which also features a framework for launching NFTs on Solana called Candy Machine and upgraded its protocol in January to allow creators of NFTs to enforce royalties. The Ordinals protocol took the Bitcoin network by storm this year, presenting a novel system of indexing digital assets on the blockchain.
Bubblegum, a tool which brings down the cost of interacting with NFTs on the Solana blockchain using compression techniques (cNFTs), is routinely being used to mint over 3M NFTs on a weekly basis. Bubblegum’s key adopter is Drip Haus, a project which allows creators to mint and airdrop NFTs. Drip has been touting Bubblegum’s compression technology since early 2023. It’s notable that a cost-saving feature has generated so much use on Solana. The blockchain already has cheap fees relative to Ethereum — even in a low-demand environment. Bubblegum uses Merkle Trees, a data structure widely used across blockchains, to bring down the cost of minting the cNFTs. This is because scanning the items in a Merkle Tree scales logarithmically, meaning that minting larger numbers of NFTs results in lower costs per cNFT. To be sure, mints don’t equate to a hot market for NFTs on Solana — data from Solscan shows volume in SOL terms for NFTs has been relatively flat over the past 90 days. Bubblegum was developed by Metaplex, which also features a framework for launching NFTs on Solana called Candy Machine and upgraded its protocol in January to allow creators of NFTs to enforce royalties. The Ordinals protocol took the Bitcoin network by storm this year, presenting a novel system of indexing digital assets on the blockchain.
French art museum Musée d’Orsay has embraced NFTs, partnering up with the Tezos Foundation to introduce blockchain-backed artworks and digital artists.
The venture commences with the museum offering two digital souvenirs created by KERU — augmented reality and original digital artwork— at an upcoming Van Gogh exhibit, encouraging both physical and online engagement.
The pieces will be minted on the Tezos blockchain with 2,300 NFTs of each piece going for $21.
The Musée d’Orsay will also join forces with the Tezos Foundation to host a series of conferences and educational initiatives to expose the museum’s member base to web3.
The venture commences with the museum offering two digital souvenirs created by KERU — augmented reality and original digital artwork— at an upcoming Van Gogh exhibit, encouraging both physical and online engagement.
The pieces will be minted on the Tezos blockchain with 2,300 NFTs of each piece going for $21.
The Musée d’Orsay will also join forces with the Tezos Foundation to host a series of conferences and educational initiatives to expose the museum’s member base to web3.
🖼 Versum NFT Platform Announces Shutdown
Versum, the NFT platform used by many artists, collectors, and Tezos NFT enthusiasts, has announced its decision to discontinue services and shut down its platform over the next few months. While the company didn’t cite a specific reason, the founders of Versum took to their official social media channels to express deep gratitude for the unwavering support and sheer enthusiasm that its community has provided over the years. The bond, as they put it, has been nothing short of heartwarming. While the decision comes as a blow to many, the founders remain optimistic about the enduring spirit of the Versum community, hopeful that its essence will reincarnate in other innovative platforms and ventures. To ensure a seamless transition and allow users ample time to wrap up their affairs on the platform, Versum has delineated a phased shutdown process: Starting October 20th, minting on the ITEMs contract will be discontinued. By November 1st, the creation of new market listings will come to a halt. This will be followed by the freezing of the marketplace contract on November 14th, where users will only have the ability to cancel their listings. Finally, on December 1st, the Versum website will officially cease all operations.
Versum, the NFT platform used by many artists, collectors, and Tezos NFT enthusiasts, has announced its decision to discontinue services and shut down its platform over the next few months. While the company didn’t cite a specific reason, the founders of Versum took to their official social media channels to express deep gratitude for the unwavering support and sheer enthusiasm that its community has provided over the years. The bond, as they put it, has been nothing short of heartwarming. While the decision comes as a blow to many, the founders remain optimistic about the enduring spirit of the Versum community, hopeful that its essence will reincarnate in other innovative platforms and ventures. To ensure a seamless transition and allow users ample time to wrap up their affairs on the platform, Versum has delineated a phased shutdown process: Starting October 20th, minting on the ITEMs contract will be discontinued. By November 1st, the creation of new market listings will come to a halt. This will be followed by the freezing of the marketplace contract on November 14th, where users will only have the ability to cancel their listings. Finally, on December 1st, the Versum website will officially cease all operations.
Sotheby’s and Ledger have officially announced a partnership .
The partnership includes two main components, a co-branded Ledger Nano X that will be exclusively presented to buyers of premier digital art auction lots via Sotheby’s, as well as co-branded and curated educational content that will be developed through Ledger Academy and published to Sotheby’s Metaverse.
The partnership includes two main components, a co-branded Ledger Nano X that will be exclusively presented to buyers of premier digital art auction lots via Sotheby’s, as well as co-branded and curated educational content that will be developed through Ledger Academy and published to Sotheby’s Metaverse.
💰 Bitcoin Ordinals Growing Despite NFT Market Downturn: Report
Bitcoin’s growth shows no signs of slowing down, according to data. This week, Galaxy Research and Mining published a second report in their series on Bitcoin Inscriptions and Ordinals. Galaxy Research and Mining is a digital asset and blockchain firm that has been developing a comprehensive financial platform since 2018. Its platform offers services like trading, lending, investment solutions, bitcoin mining, and more. The most recent report delves into the advancements and changes in this domain since that time. According to the report, in the first 200 days of Bitcoin Ordinals, 1.14 million image-based inscriptions were created. This growth is faster than the first 200 days of NFTs on Ethereum, Solana, and Polygon combined. This report does not include volume from BRC-20 tokens. However, even without BRC-20 token inclusion, Bitcoin remains as the third most popular chain for digital collectible activity. It’s important to note that despite this upward trend, overall NFT trading volumes across all chains have been on the decline. According to data from Cryptoslam, NFT sales dropped 8.7%, from 4.2 billion in September 2021 to $3.8 billion in October 2023.
Bitcoin’s growth shows no signs of slowing down, according to data. This week, Galaxy Research and Mining published a second report in their series on Bitcoin Inscriptions and Ordinals. Galaxy Research and Mining is a digital asset and blockchain firm that has been developing a comprehensive financial platform since 2018. Its platform offers services like trading, lending, investment solutions, bitcoin mining, and more. The most recent report delves into the advancements and changes in this domain since that time. According to the report, in the first 200 days of Bitcoin Ordinals, 1.14 million image-based inscriptions were created. This growth is faster than the first 200 days of NFTs on Ethereum, Solana, and Polygon combined. This report does not include volume from BRC-20 tokens. However, even without BRC-20 token inclusion, Bitcoin remains as the third most popular chain for digital collectible activity. It’s important to note that despite this upward trend, overall NFT trading volumes across all chains have been on the decline. According to data from Cryptoslam, NFT sales dropped 8.7%, from 4.2 billion in September 2021 to $3.8 billion in October 2023.
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Nifty Gateway’s recent decision has sparked significant debate within the artist community.
On Sept. 27, the leading NFT marketplace platform sent its Publishers an email outlining a significant policy change.
The platform, which launched its Publisher feature in Sept. 2022 to foster a broader spectrum of creators, has now decided to raise the bar to entry.
Its new criteria to evaluate Publishers now has a threshold set at an average Gross Merchandise Value (GMV) of $750 per drop. Publishers who do not meet this standard have been informed they can no longer release new drops on the platform.
However, numerous artists, curators, and collectors who once championed the Publishers tool have voiced their concerns and dissatisfaction following the policy shift.
On Sept. 27, the leading NFT marketplace platform sent its Publishers an email outlining a significant policy change.
The platform, which launched its Publisher feature in Sept. 2022 to foster a broader spectrum of creators, has now decided to raise the bar to entry.
Its new criteria to evaluate Publishers now has a threshold set at an average Gross Merchandise Value (GMV) of $750 per drop. Publishers who do not meet this standard have been informed they can no longer release new drops on the platform.
However, numerous artists, curators, and collectors who once championed the Publishers tool have voiced their concerns and dissatisfaction following the policy shift.
💰 Bitcoin Ordinals Growing Despite NFT Market Downturn: Report
Bitcoin’s growth shows no signs of slowing down, according to data. This week, Galaxy Research and Mining published a second report in their series on Bitcoin Inscriptions and Ordinals. Galaxy Research and Mining is a digital asset and blockchain firm that has been developing a comprehensive financial platform since 2018. Its platform offers services like trading, lending, investment solutions, bitcoin mining, and more. The most recent report delves into the advancements and changes in this domain since that time. According to the report, in the first 200 days of Bitcoin Ordinals, 1.14 million image-based inscriptions were created. This growth is faster than the first 200 days of NFTs on Ethereum, Solana, and Polygon combined. This report does not include volume from BRC-20 tokens. However, even without BRC-20 token inclusion, Bitcoin remains as the third most popular chain for digital collectible activity. It’s important to note that despite this upward trend, overall NFT trading volumes across all chains have been on the decline. According to data from Cryptoslam, NFT sales dropped 8.7%, from 4.2 billion in September 2021 to $3.8 billion in October 2023.
Bitcoin’s growth shows no signs of slowing down, according to data. This week, Galaxy Research and Mining published a second report in their series on Bitcoin Inscriptions and Ordinals. Galaxy Research and Mining is a digital asset and blockchain firm that has been developing a comprehensive financial platform since 2018. Its platform offers services like trading, lending, investment solutions, bitcoin mining, and more. The most recent report delves into the advancements and changes in this domain since that time. According to the report, in the first 200 days of Bitcoin Ordinals, 1.14 million image-based inscriptions were created. This growth is faster than the first 200 days of NFTs on Ethereum, Solana, and Polygon combined. This report does not include volume from BRC-20 tokens. However, even without BRC-20 token inclusion, Bitcoin remains as the third most popular chain for digital collectible activity. It’s important to note that despite this upward trend, overall NFT trading volumes across all chains have been on the decline. According to data from Cryptoslam, NFT sales dropped 8.7%, from 4.2 billion in September 2021 to $3.8 billion in October 2023.
