OKX Launches Features for Trading Bitcoin Ordinals and BRC-20 Tokens Amid Market Boom
OKX, the second largest crypto exchange by trading volume, is launching new features that will allow customers to mint and trade Bitcoin Ordinals and BRC-20 tokens using the OKX wallet. This move follows the exponential growth in market capitalization for BRC-20 tokens, mainly memecoins like ordi, and Binance's announcement that its NFT marketplace will support Ordinals trading.
nChain Invests in Planetary To Launch Next-Generation Metaverse-Based Social Media
London-based blockchain company nChain has announced a partnership with Planetary, a mobile app that combines social media with a metaverse platform. nChain is investing £2.5 million for 25% equity in Planetary, which has a post-money valuation of £10 million.
SWALLOW Launches Metaverse Platform for NFTs and Creative Expression
SWALLOW, a company focused on creative expression and personalization, recognizes the immense potential of the Metaverse as a platform to showcase their NFTs and skins, as well as to connect users with their favourite tattoo artists and artwork. To establish a strong presence in the Metaverse, SWALLOW is leveraging its vast network of tattoo artists, its track record of successful web2 ventures, and its expertise in the NFT space. The company plans to build a dynamic community within the Metaverse, where users can network, showcase their NFTs, and participate in exclusive events and experiences. By providing a platform that connects users with tattoo artists and artwork, SWALLOW is not only offering a new and exciting way to express oneself, but also empowering artists and promoting their work to a wider audience. Overall, SWALLOW is well-positioned to become a major player in the Metaverse and redefine the way people interact and express themselves online.
BTC, Satoshi Nakamoto, and JPEGs: The First Ever NFT?
As Bitcoin Pizza Day approaches, news has surfaced about a potential earlier transaction that could be the first-ever NFT involving BTC, JPEGs, and Satoshi Nakamoto himself. Crypto-archaeologist Udi Wertheimer shared a screenshot from Bitcoin discussion platform Bitcointalk that showed a member named Sabunir selling a JPEG for 500 BTC in January 2010.
Killer Whales Makes History as the World's First Web3 TV Show for NFT Entrepreneurs
CoinMarketCap, in partnership with HELLO Labs, is set to launch Killer Whales, the world's first-ever Web3/NFT TV show. The show aims to educate and entertain a global audience, introducing them to the concepts and technologies of the crypto and Web3 space. Filmed in Los Angeles, Killer Whales will feature innovative projects presented before a panel of esteemed judges from the industry.
XRP Ledger Enters Top 10 NFT Blockchains with Over 1.4 Million NFTs Minted in 6 Months
The XRP Ledger has quickly become one of the top 10 NFT blockchains in the crypto scene, just six months after introducing NFT functionality through the XLS-20 amendment. Over 1.4 million NFTs have been minted on the network, with the top three NFT marketplaces being onXRP, Sologenic, and xrp.cafe. The XRPL has seen impressive growth in NFT sales volume, with up to 173,697 NFT sales made so far, amounting to a total volume of $9.1 million. These NFT collections are being used for real-world applications such as loyalty programs, real estate, music, and events & ticketing, and the development team is working to further promote tokenization and the use of NFTs for real-world utility.
Moonbirds and Spotify Strike a Chord with NFT Gated Playlist
Moonbirds, an Ethereum-based NFT project, has partnered with Spotify to offer exclusive musical content to holders of their pixelated owl profile pictures. The limited-edition playlist, titled "Sound of a Digital Renaissance," features multi-genre hits from iconic artists like Diplo and Tame Impala. However, access to the tunes is limited to Moonbirds holders from specific countries and those who are part of the Android club. This collaboration highlights the potential for NFT projects to work with renowned Web2 brands and deliver exciting experiences for community members. Spotify's foray into the Web3 world indicates a new wave of cross-sector alliances, promising a more immersive and interconnected digital ecosystem.
The Promise of Web3: Utility NFTs and the Potential for a More Transparent, Secure, and Democratic Internet
Web3 is the next version of the internet that is based on decentralized systems and blockchain technology. It aims to provide a more transparent, secure, and democratic internet where users have greater control over their data and online experiences. However, for Web3 to become widely adopted, it needs to offer real-world applications and tangible benefits for users beyond theoretical advantages. One way to add value and functionality to Web3 ecosystems is through utility NFTs, which provide specific utilities or functions within a particular platform or ecosystem. Despite the promising potential of utility NFTs, their adoption is hindered by a lack of understanding and awareness among users and investors. To drive mainstream adoption of Web3, creators, investors, and users must work together to address these challenges and embrace innovation and experimentation.
OKX Launches NFT Trainer Collection Designed by Alex Greenwood
OKX, a leading Web3 technology company, has partnered with Manchester City women's player Alex Greenwood to launch an exhibition in the OKX Collective metaverse showcasing three original NFT trainers designed by Greenwood and NFT designer Nas. The NFT trainers, titled 'Adaptable', 'Calm & Patience', and 'Commitment & Passion', are available for free via airdrop and as part of the 'AG5 x OKX' NFT collection on the OKX NFT Marketplace.
LG Files Patent for Blockchain-Based Smart TV to Facilitate NFT Trading
LG Electronics has filed for a patent for a blockchain-based smart TV that will enable users to connect their crypto wallets and an NFT market server to trade non-fungible tokens. The patent was applied for in November 2021, and LG is currently awaiting the next steps in the process. The company has already launched an NFT platform and a crypto wallet, and it remains to be seen whether the smart TVs will support other third-party apps or use the wallet exclusively. LG and other big tech companies are expanding the functionalities of electronic devices to enhance user experiences, with LG and Samsung both exploring Web 3, crypto, blockchain, and metaverse.
