The 288 NFTs minted will be inscribed onto satoshis on the Bitcoin blockchain. One token sold for as high as 7.1159 BTC, or about $159,600 at the time of writing, while the lowest accepted bid was 2.2501 BTC, or about $50,400. A directory of all TwelveFold ordinals will be published following the inscription process. Source
Amazon CEO Andy Jassy is very much confident about the growth of the NFT space and we might soon see NFTs trading on Amazon this year. E-commerce giant Amazon.com Inc (NASDAQ: AMZN) is reportedly gearing up for the launch of its NFT platform very soon. As per details the launch shall happen next month on 24th of April. An exclusive report from The Big Whale shows that Amazon is getting ready to sell non-fungible tokens (NFTs) on its website. From the time of launch, nearly fifteen collections will be available on…
The first Bitcoin Ordinals NFT collection, Bitcoin Punks, is now available on the OKX NFT marketplace. Its first launch, announced on March 6 by OKX, details how it will allow trading of BTC NFT, which can be withdrawn to your bitcoin wallet. OKX NFT marketplace just announced its launch of the first-ever Bitcoin Ordinals NFT that is now available on its platform. Bitcoin Punks has a collection of 10,000 items. The collection is uploaded from CryptoPunks, an Ethereum-native platform, using the Bitcoin Ordinals protocol. BTC NFT can be purchased using…
Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western Wall NFTs’ Allegedly Sold Without Tax Reporting Israel Tax Authority is investigating two NFT creators in Jerusalem who did not report millions of U.S. dollars in revenue received from the sale of their digital works. The tokens they offered were based on a 3D scan…
After a significant spike in February, sales of non-fungible tokens (NFTs) in the last seven days are 32.32% lower than last week. Of the 19 different blockchains, Ethereum accounted for $148.56 million out of the total $186.20 million in NFT sales settled this week. NFT Sales Decline Following February Spike in Digital Collectible Purchases During the past seven days, NFT sales totaled $186.20 million among 760,857 buyers. Although the number of buyers increased by 55.41% last week, sales volume decreased by 32.32%, and NFT transactions fell 91% compared to the…
As the number of Bitcoin-based Ordinal inscriptions nears the 300,000 mark, Galaxy Digital’s research team published a report on the subject that says the market size of non-fungible tokens (NFTs) built on Bitcoin could reach $4.5 billion over the next two years. The researchers at Galaxy think that new use cases stemming from the inscription trend will “drive growing interest and adoption” for bitcoin. Galaxy Researchers Explore the Potential Use Cases of Bitcoin-Based Ordinal Inscriptions and NFTs At the time of writing, there are more than 288,000 Ordinal inscriptions hosted…
Krapopolis, the NFT-affiliated cartoon series from Rick and Morty co-creator Dan Harmon has been renewed for a third season by Fox, despite season one not even airing yet. The Krapopolis team announced the renewal via Twitter in March. 2, and emphasized that NFT holders can still engage with the show before it airs. HOLY KRAP! Citizens we just got BIG news that Krapopolis has been renewed for a *third season*. You don’t need to wait for the show to start, you can start participating now by voting, viewing exclusive content,…
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…
The Fox animated comedy series has yet to air a single episode and has made about $650,000 from NFT sales so far. Source
“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