Tag: NFT

How to create an NFT treasure hunt

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A conventional treasure hunt is a game where players use hints or a map to find hidden objects, which are typically tangible items, such as coins, toys or other rewards. The game typically takes place outdoors and calls for both physical effort and problem-solving abilities. However, blockchain treasure hunts are becoming increasingly popular as blockchain technology gains wider adoption and people become more interested in exploring new and innovative ways of using this technology. A blockchain treasure hunt uses the security and transparency of blockchain technology to create a new…

Yuga Labs Launches ‘TwelveFold,’ An NFT Collection On The Bitcoin Blockchain

Alright, they’re not exactly NFTs. Nonetheless, ‘TwelveFold’ is the name of Yuga Labs new venture to build creative on Bitcoin. There’s been substantial hype and interest in this unique corner of the NFT community, powered by inquisitiveness and bolstered by your everday crypto degen. It’s led to a very ‘underground’ feel that is bound to not last much longer – as things often move quickly in this space. What are Bitcoin NFTs all about? First: they’re ‘ordinals,’ not NFTs. And now that Yuga Labs is jumping in, we might find…

Stacks (STX) surges as Bitcoin NFT hype grows, but its blockchain activity raises concern

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Stacks is one of the first blockchains to enable a way for minting Bitcoin (BTC) Ordinals, which puts it in an excellent position to benefit from the hype. However, Ordinals have invoked an issue from the past where Bitcoin maximalist ideologies will be tested if the NFTs lead to network congestion. On top of that, Stacks has yet to deliver all the functionalities required to support an NFT trading ecosystem and it faces competition from projects in other blockchain ecosystems. The fundamental and technical analysis of the project suggests that…

Why Not Donate Dead NFT Wallets?

I suspect the Internal Revenue Service (IRS) will resist deductions for donations of dead wallets because the owner can’t actually sell them. But its own decisions say otherwise. When New York art dealer Ileana Sonnabend died in 2007, her children inherited a Robert Rauschenberg combine titled “Canyon,” among many other things. Unfortunately, Canyon incorporates a stuffed bald eagle, and federal law makes it illegal to sell bald eagles. Accordingly, Sonnabend’s children couldn’t legally sell Canyon, so Christie’s valued it at $0. Source

BAYC Creator Yuga Labs to Launch Its First Bitcoin NFT Project This Week

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The collection may be one of the highest-profile launches on Ordinals to date. The company behind the world’s most dominant non-fungible token (NFT) collection Bored Ape Yacht Club, Yuga Labs, has revealed plans to launch its first-ever Bitcoin-based NFT project later this week. The company announced on Monday as it looks to jump on the Bitcoin NFT wave. According to the announcement, Yuga Labs said it will release an NFT collection named “TwelveFold”. Yuga Labs Shares Details of New NFT Collection Based on Bitcoin The collection, which is minted on…

Illuvium DAO blocks NFT pack-opening event involving 3AC founder Su Zhu

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The community supporting Illuvium, an interoperable blockchain game, has demonstrated the power of decentralized autonomous organizations (DAOs) after blocking a scheduled nonfungible token (NFT) pack-opening event between Illuvium CEO Kieran Warwick and Three Arrows Capital (3AC) founder Su Zhu. Warwick was scheduled to go against Zhu in what’s called an “Influencer Illuvitars D1sk Battle” where prominent crypto personalities go against each other to open NFT packs. However, due to the controversies surrounding Zhu and 3AC, the Illuvium community expressed concerns over the potential risks of being associated with Zhu, who…

Bitcoin core dev calls out ‘misleading’ auction selling his code as an NFT

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One of the original core developers behind Bitcoin (BTC), Luke Dashjr, has taken to social media to call out an auction site that has used his name and code without his consent to create and sell a “misleading” NFT. The core developer said he hasn’t been the first Bitcoin developer to have his name or his work used in this way. In a Feb. 27 post on Twitter, the developer revealed a non-fungible token (NFT), featuring a picture of code he wrote, was sold at auction site for 0.41 Bitcoin (BTC),…