Search Results for: CryptoSlam

“Despite a visible decline in NFT’s popularity, Reddit announces its fourth-generation collectible avatars. Enabling decentralized trading and third-party sales, these avatars won’t conform to the usual definition of NFTs. This bold move from Reddit shows determination to embrace the evolving digital collectibles market, despite the industry’s recent volatility.”

“Exchange.art, a Solana-based digital art platform, announced its plans to incorporate Ethereum support, venturing into multichain operations. The aim is to attract new creators, simplify cross-ecosystem selling for artists, and foster a hub for digital and traditional art solutions.”

Indie game “Only Up” features notable NFT project, Goblintown’s artwork and logos throughout the game, raising questions about future interactions between NFT projects, gaming, and the entertainment industry. The growing popularity of such games may encourage more crossovers, creating opportunities and challenges for creators and users.

A new blockchain token standard by Bitcoin Miladys enables Ethereum-based NFT owners to convert their tokens into Bitcoin network-based Ordinals, bridging Ethereum and Bitcoin networks. This innovative move offers compatibility with existing wallets and has contributed to significant growth in Bitcoin Ordinals inscriptions.

Bitcoin NFTs gain momentum, with “Space Pepes” collection reaching over $7.3 million traded in a week. Meanwhile, NFT lending platforms like Blur’s Blend and Binance’s NFT Loan Service emerge, offering new opportunities for NFT monetization despite skepticism.

The Bitcoin-based “Space Pepes” collection recently surpassed popular Ethereum-based NFT collections in trading volume, spotlighting the rising trend of Bitcoin-based artwork and its potential within digital art and collectibles. However, questions about the sustainability and long-term value of these NFTs remain.

Bitcoin NFTs have generated approximately $167 million in revenue within the past thirty days, soaring to second place in NFT sales per blockchain. The rapid ascent is attributed to the Ordinals Protocol, which allows inscribing satoshis with data. Critics argue that NFTs may compromise Bitcoin’s core principles, while others see new pathways for adoption. The flourishing popularity of Bitcoin-based NFTs presents a study in balancing innovation and security.

The Ethereum NFT project Deadfellaz introduces animated avatars, “The Horde,” for NFT holders to use during livestreams and video calls. Developed in partnership with Hologram Labs, the “Streamingfellaz” extension upgrades JPEGs into video avatars, offering a unique twist to virtual interactions and paving the way for immersive storytelling and user-generated content.

NFT marketplace Blur introduced Blend, a lending platform that has reached over 100,000 ETH ($181 million) in total volume in just 17 days. Blend allows users to take out Ethereum loans using NFTs as collateral, contributing to the emerging “NFTfi” niche and further boosting Blur’s prominence.