Amazon NFT Marketplace To Reportedly Launch Next Month
According to sources, Amazon plans to launch the “Amazon Digital Marketplace” on April 24. The platform will start offering the service to U.S. customers first and will gradually roll out to other countries.
Bitcoin Inscriptions & Ordinals
In this report, we detail the history of NFTs on Bitcoin, examine the foundations and current landscape of inscriptions and ordinals, explore the opportunities and challenges that inscriptions and ordinals present, and argue that not only do they create significant growth potential for the bitcoin ecosystem, they can improve the fidelity and security of the overall Bitcoin network.
Yuga Labs Announce Its TwelveFold Auction
Yuga Labs shares its plans and takes a great deal of pride in making its official announcement of the launching of its TwelveFold auction. This happens to be slated for the 5th of March, 2023, and be held for a period of a day.
NFT Ordinals Fuel Explosive Growth in Bitcoin’s Taproot Usage, Reaching a New All-Time High
The emergence of NFT Ordinals has caused blocks to increase in size and commission payments to miners to rise, as Bitcoin’s Taproot usage skyrockets by 800%.
Bitcoin NFTs Built on Ordinals Can Be About $4.5B by 2025: Report
Bitcoin [BTC] Ordinals have been a topic of discussion since its launch. Interestingly, Ordinals recently crossed the 300,000 mark. At press time, there were a total of 302,076 inscriptions.
NFT Creators Investigated in Israel for Alleged Tax Evasion
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 of the stones of the Western Wall.
NFT Market Roars Back from Pre-Luna Crash with $2 Billion in Trading Volume
The NFT market has continued to exhibit bullish on-chain metrics seen in January throughout the month of February. The total NFT trading volume reached an impressive $2 billion, which is a value not seen since before the Luna crash.
NFT Project Doodles Released DoodleMAP Detailing Plans for the “Doodleverse”
The project aims to use blockchain technology to create a new format for storytelling and identity, and to build a unique entertainment and lifestyle experience for its community.
Coinbase ‘Iterating Quickly’ on NFT Marketplace Despite Lackluster Rollout: Protocols Head
When most people think of Coinbase, the decade-old publicly traded crypto company, product innovation may not be the first thing that comes to mind. At ETH Denver, however, Coinbase head of protocols Jesse Pollak says the company aims to change that.
Galaxy Tips Bitcoin NFT Market to Hit $4.5B by 2025
In a new report published on March. 3, Galaxy researchers analyzed the potential growth of Bitcoin NFTs and made estimations “conservatively based on the current size of Ethereum’s NFT market” and its growth rate over the past few years.
