Tag: NFT

Bitcoin becomes second-largest NFT chain by volume

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Data shows that the trading volume of Bitcoin (BTC) non-fungible tokens surpassed that of popular blockchains like Solana, Mythos, and Polygon in the last 30 days. Bitcoin’s new fame in digital collectibles can be attributed to the current ordinals and BRC-20 token standard trend. While Ethereum and other blockchains have ruled the digital collectibles space over the years, the growing popularity of ordinals and the BRC-20 token standard is fast bringing a paradigm shift in the…

Bitcoin surpasses Solana to become second most popular NFT blockchain

The monthly trading volume of nonfungible tokens (NFTs) and memecoins on Bitcoin in May surpassed Solana’s volume, according to data from CryptoSlam.  Bitcoin ordinals trading volume currently stands in second place behind Ethereum, which did $393 million in NFT volume, more than twice that of ordinals on Bitcoin (BTC) in 30-days starting April 23. Bitcoin gained a significant lead over popular blockchains like Polygon, ImmutableX, BNB Chain and Solana during this period. According to a Dune dashboard by BRC-20 token standard creator Domo, BRC-20 token transactions accounted for the majority…

Influencer served settlement demand via NFT, following $7M token presale

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A nonfungible token (NFT) influencer has been served with a settlement demand via NFT – which casually dropped the “F bomb” several times – alleging that the influencer engaged in wire fraud “at a minimum,” on a recent $7 million token presale. Lawyer Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a settlement demand letter has been served as an NFT to the wallet address associated with the alleged influencer known as ‘Ben.eth,’ whose real identity remains undisclosed. He alleged that…

PEPE losing investors after NFT scam while capital and interest flow to DigiToads

DigiToads‘ code is secure following a thorough review by Coinsult, a blockchain security and audit firm. Meanwhile, pepe coin (PEPE) remains under pressure and faltering. As laws regulating crypto and the industry are being developed, the resulting weak check and balances have made malpractices widespread in crypto. Countless cryptocurrency firms have hoodwinked capitalists leading to losses. It is why investors seek assets that can be profitable and secure to invest their hard-earned capital in.  DigiToads, a cryptocurrency platform, is a protocol that investors can explore. It seeks to revolutionize the…

Bankrupt crypto hedge fund 3AC’s NFT auction fetches $2.5M

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The auction for parts of bankrupt Singaporean cryptocurrency hedge fund Three Arrows Capital’s (3AC) nonfungible tokens (NFT) collection fetched $2.5 million at its conclusion on May 19. Facilitated by fine arts broker Sotheby’s, collectibles on sale included Tyler Hobbs Fidenza #725, Larva Labs Autoglyph #187 and Tyler Hobbs Fidenza #861. The highest sale amount was Tyler Hobbs Fidenza #725 at $1 million. In response to the news, Kyle Davies, co-founder of 3AC, wrote: “NFT grails mooning on Sothebys, WorldCoin scanning millions of eyeballs, Aptos the next Solana 3AC Portfolio is on…

NFT Collection Deadfellaz Launches Streamingfellaz, a Video Utility Extension

Called Streamingfellaz, the tool will let Deadfellaz token holders, also known as The Horde, to utlize the collection’s intellectual property (IP) beyond the artwork itself. Holders can represent themselves as their Deadfellaz NFT on platforms including Google Meet, Twitch, Zoom and YouTube, tracking users’ movements and body language to bring their tokens to life on screen. Source

Paraspace NFT protocol co-founder resigns after failing to overthrow CEO

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The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took another turn on May 19 as co-founder Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO against each other. The decision by Yao to leave the firm came a week after the Parapace team clashed with the CEO Yubo Ruan about the missing funds. Ruan at the time maintained that he was innocent and being framed…