Bitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestion

A new Bitcoin nonfungible token (NFT) marketplace aims to reduce network fees associated with the advent of Bitcoin Ordinals inscriptions by tapping into the Internet Computer Protocol (ICP).Developed off the back of the creation of Bitcoin Ordinals in early 2023, Bioniq operates on the IC ...

User claims $11M in Blur token rewards at NFT marketplace’s season 2 airdrop

A pseudonymous nonfungible token (NFT) trader made around $11 million in the recent airdrop reward distribution conducted by the NFT marketplace Blur. Dune analytics data showed that a wallet with the Ethereum Name Service (ENS) tag called “hanwe.eth” claimed a total of 22 ...

Disney launches NFT platform, eye issues at ApeFest and NFT sales rise: Nifty Newsletter

In this week’s newsletter, check out Disney’s plans to release a nonfungible token (NFT) platform by the end of 2023 and find out why NFT sales volumes will likely continue their upward trend in the coming months. Read about China’s stance on NFT theft and why the CEO of Roblox “dreams” of intero ...

NFT market slump shows it’s maturing toward ‘genuine utility,’ execs argue

A steep collapse in the price of nonfungible tokens (NFTs) shouldn’t be seen as a sign of distress but rather a signal the technology is maturing, according to Web3 executives.“I wouldn’t say the NFT market has regressed,“ Decentraland Foundation executive director ...

What is OpenSea and how to use it?

The rise of nonfungible token (NFT) marketplaces has ushered in a new era, fundamentally reshaping the way we perceive and interact with digital assets. They provide a new medium for artists to showcase their creations and establish a direct and meaningful connection with their audience. OpenSea ...

Nifty News: Adidas unveils resident Web3 artists, Mutant Ape sells for 500 ETH and more…

The Adidas /// Studio, also known as the Triple Stripes Studio, has launched a Web3-based digital artist in residency program to showcase and support budding creators in the NFT space. The program was announced on Aug. 31, and it will officially launch on Sept. 4 via a series of online and ...

Bored Ape Yacht Club (BAYC) Creators Yuga Labs Respond to OpenSea’s Removal of Operator Filter

Bored Ape Yacht Club (BAYC) creators Yuga Labs is set to wind down support for OpenSea following the platform’s upcoming removal of its on-chain royalty enforcement tool Operator Filter. The Operator Filter was launched in November 2022, essentially enabling creators to restrict secondary nonfung ...

Solana’s Cardinal shuts down, citing economic conditions

Solana’s Cardinal protocol is winding down operations due to economic conditions, nearly a year after raising $4.4 million to improve nonfungible tokens (NFT) utility. According to an announcement on Twitter, withdrawals should be made by Aug. 26. Cardinal Labs was an infrastruc ...

Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips

Just over six months after FTX’s dramatic collapse, the crypto industry can finally begin analyzing the effects of the debacle. The quick ripple effect to other crypto businesses drained liquidity from the industry and prolonged the crypto winter, with Silvergate Bank, BlockFi and Genesis Global ...

Binance Introduces NFT Lending on Cryptocurrency Exchange Marketplace

Largest cryptocurrency exchange added a lending function on its marketplace secured by non-exchangeable tokens. At the moment, only ether is bailed out by NFT. Right now users of the cryptocurrency exchange can use digital assets from such collections as Bored Ape Yacht C ...

Polygon Co-founder Sandeep Naylwal Highlights Reddit’s NFT Success on the Polygon Network

Polygon co-founder Sandeep Naylwal celebrated the success of the collection This was helped by the popularity of the social network and sound policies Polygon co-founder Sandeep Naylwal took to Reddit to answer a bunch of questions and share his optimism about th ...

Bitget Expands Platform, Adding AI, Arbitrum, and NFT Zones for Token Listings

Bitget, a prominent crypto derivatives exchange, is expanding its platform by adding new areas for listing tokens, including AI, Arbitrum, and NFT zones. The goal is to provide users with early access to promising tokens and help them find high-quality crypto assets. Bitget will regularly review ...