We’re hours away from the Bitcoin halving and the associated launch of the Runes fungible token standard, and collectors on the top chain might be wondering: What does any of this have to do with the NFT-like Ordinals inscriptions on the chain? And what of BRC-20 fungible tokens built on the Ordinals protocol? Unlike Ethereum’s “merge” transition back in late 2022, there’s no reason for concern around what could happen to on-chain Bitcoin assets after the halving. The halving simply refers to th...
CONTINUE READING
Parisian haute couture house Maison Margiela is bringing together the physical and digital realms with its new MetaTABI Collection, an NFT that combines token-gated product experiences with the brand’s iconic split-toe shoe. The launch, in collaboration with digital fashion house The Fabricant, is “metaphorically, a huge step,” Maison Margiela Chairman Stefano Rosso said during a livestream with Rug Radio creator Stephy Fung. Using the brand’s Tabi shoe for its first step into Web3 was, Rosso sa...
A popular meme photo of a guy at a club yelling into a girl's ear—about something that she doesn't appear to be into—is going up for auction as an Ethereum NFT on Foundation. “Milk Edinburgh” received its name from the nightclub where it was taken—Milk, in Edinburgh Scotland. The picture was originally shared around the internet with a watermark of the club's moniker on it, which is why the name stuck, and it’s since been widely used as an example of a “guy explaining” or “mansplaining.” The ph...
In March, just as Bitcoin reached an all-time high price, the NFT market lagged behind. Monthly sales volumes for NFTs totaled approximately $1.4 billion, a steep drop from a high of about $6 billion in January 2022, according to data from CryptoSlam. Yat Siu, chairman of Animoca Brands, one the biggest investors in Web3 startups, isn’t worried. In an interview with Decrypt during Paris Blockchain Week, Siu said that he’s still invested—literally and figuratively—in the future of NFTs and the me...
Bitcoin meme coin Pups is up 1,056% for the week, days before the Bitcoin halving and the concurrent launch of the Runes protocol. Pups began the week at $22.50 before surging 44% on Tuesday. With a max supply of 7.7 million, Pups has passed $365 million in market capitalization. While Pups (PUPS) is up over 1,000% and trading at $41.89, according to CoinGecko, the Ordinals inscription project that launched a year ago is up 119,813.7% since the beginning of the year. Pups is the first memecoin...
During the NFT NYC conference last week, a Tesla Cybertruck pulled into Times Square—and what appeared to be famed DJ Marshmello, flanked by a crypto influencer and a notable NFT project founder, hopped in the back of the angular ride and started blaring tunes to the rapidly forming crowd. But it wasn’t actually Marshmello—and now the masked DJ has tweeted a threat of legal action against content creator Jake “SolJakey” Hillhouse and his pals for allegedly orchestrating the stunt to pump a meme...
Following a successful airdrop in March, the Runestone project is gearing up for its next airdrop, which will feature a cuddly puppy. Bitcoin wallets that were airdropped Runestones will receive three meme coins starting with the Dog airdrop later this month—if they still hold those Runestone inscriptions when it happens. YOU ARE NOT READY FOR THE CUTENESS THAT YOU ARE ABOUT TO GET AIRDROPPED IF YOU HOLD A RUNESTONE pic.twitter.com/uKSEWzUhn6 — Leonidas (@LeonidasNFT) April 8, 2024 “The centra...
It’s a wild time for Bitcoin. The leading cryptocurrency’s price surged higher and higher in March to break its 2021 peak price, spot Bitcoin ETFs are spurring wider interest in the coin, and this month’s Bitcoin halving and Runes token protocol are driving significant excitement. Given all of that, it’s no surprise that Bitcoin Ordinals are white hot lately, with the NFT-like assets taking over the market and shaking up the battle between marketplaces as well. If you’ve been sitting on the side...
Airdrop season continues to dominate the crypto industry, and today is no different with the arrival of Tensor’s token launch. The Solana NFT marketplace launched its TNSR token, with more than $200 million worth of tokens up for grabs via airdrop rewards and over $640 million worth of trading volume on the market in the seven hours or so since it launched. TNSR is currently priced at $1.60 per token, according to data from CoinMarketCap, down 33% from a high of $2.45. Newly launched tokens are...
After two years, Los Angeles-based restaurant Bored & Hungry is closing its doors, with the branding being taken over by the Hungry DAO, co-founder Andy Nguyen said on Monday. While Nguyen said goodbye to the Long Beach, Calif. location, Nguyen said reopening in the Los Angeles area was not out of the question. “Currently we are location hunting,” Nguyen told Decrypt. “It depends on what we find that makes sense to the business model.” As Nguyen explained, now that Hungry DAO acquired Bored & Hu...
