In a “base case” scenario, Galaxy Digital’s research unit has tipped the burgeoning Bitcoin nonfungible token (NFT) market to hit a $4.5 billion market cap by March 2025. Bitcoin NFTs, or Ordinals, have attracted a significant amount of attention since the Ordinals protocol launched in late January, enabling users to inscribe data such as images, PDFs video and audio onto individual satoshis, or sats that each represent 0.00000001 Bitcoin (BTC). NFT giants such as Yuga Labs have even jumped in on the hype. On Feb. 28, the $4 billion firm…
Tag: NFT
Dan Harmon's Still-Unreleased NFT TV Show 'Krapopolis' Gets Third Season
The Fox animated comedy series has yet to air a single episode and has made about $650,000 from NFT sales so far. Source
Blur Has Been Blowing OpenSea Out of The Water. What’s Next for the Pro NFT Marketplace?
“One of the reasons why I personally fell in love with NFTs was because they’re not commodities, they are digital collectibles,” he said, likening the experience of trading them to collecting and trading Pokémon cards. “When it comes to royalties, our position has always been ‘how can we maximize royalties in a scalable, durable way?’” Source BlowingBlurMarketplaceNFTOpenSeaProWaterWhats CryptoX Portal
NFT Trading Volumes Hit $2B in February, Highest Since LUNA Crash, Thanks to Blur
Sara Gherghelas, blockchain research analyst at DappRadar, told CoinDesk that while Blur is overtaking market share and challenging the historically leading NFT marketplace OpenSea, the marketplace isn’t bringing new traders into NFTs. While OpenSea is targeted towards retail traders, Blur’s focus on professional traders may be raising trading volumes, not new buyers. Source
Flare gets NFT platform to increase use cases for interoperability protocols
Flare, the layer-1 Ethereum Virtual Machine (EVM) blockchain, went live on Jan. 10 after it launched two core protocols for decentralized interoperability applications. The blockchain network allows developers to create applications that are interoperable between various blockchain ecosystems and internet platforms. Less than one month later, on March 2, Flare welcomed the nonfungible token (NFT) platform Sparkles on its layer 1 oracle network. According to the announcement a primary goal of the Sparkles NFT platform is to hone in on the interoperability of native Flare protocols to increase use cases…
NFT Paris Attendees Wow at 3D-Printed Fashion Collection Inspired by Nouns
A proposal by Nouns revealed that Peleg was offered $140,000 in funding for the 3D-printed fashion collection. A web3 enthusiast and fashion designer Danit Peleg recently showcased her first 3D-printed fashion collection inspired by 3D NFT community Nouns. Since Nounces went live in 2023, the Ethereum project auctions a new non-fungible token each day. Also, proceeds from the digital collectible go to an open-source intellectual property. The fashion designer displayed her 3D-printed fashion collection at the NFT Paris Conference, which was held on the 24th and 25th of February. Popular names…
Binance’s AI-powered NFT generator hits 10K mints in 2.5 hours
Binance’s newly launched artificial intelligence-powered nonfungible token (NFT) generator has been churning out digital art at full capacity, reaching a cap of 10,000 NFT mints in just 2.5 hours after launch. On Mar. 1, the world’s largest crypto exchange Binance launched an AI-powered NFT generator called “Bicasso” in beta. Binance CEO Changpeng Zhao told users “you can turn your creative visions into NFTs with AI,” following it up a couple of hours later with “Bicasso first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a…
Binance’s AI-powered NFT generator hits 10K mints in 2.5 hours
Binance’s newly launched artificial intelligence-powered nonfungible token generator has been churning out digital art at full capacity, reaching a cap of 10,000 NFT mints in just 2.5 hours after launch. On March 1, the world’s largest crypto exchange Binance launched an AI-powered NFT generator called “Bicasso” in beta. Binance CEO Changpeng Zhao told users “you can turn your creative visions into NFTs with AI,” following it up a couple of hours later with “Bicasso first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a little…
Binance Tests AI-Infused NFT Platform Bicasso in Limited 10K Mint Run – Bitcoin News
On Wednesday, Binance CEO Changpeng Zhao, also known as CZ, announced the launch of a new non-fungible token (NFT) platform infused with artificial intelligence (AI). The AI-centric product is named Bicasso, and CZ said the beta version dropped today and was limited to 10,000 mints. Combining AI and NFTs: Binance CEO Announces Bicasso Artificial intelligence (AI) has been popular in 2023, with Openai’s platform Chatgpt, also known as GPT-3, making headlines, and artists using AI-centric art programs such as Nightcafe, DALL-E, Starry AI, Jasper, and Deep AI. On March 1,…
Binance NFT Releases AI-Powered NFT Generator
Similar to AI art platforms such as DALL-E or Midjourney, Bicasso users can type in a creative prompt to produce a unique image, or they can upload an image for the tool to adapt. Users can then mint their images as NFTs on Binance’s native BNB chain. Source