Talk-show host Jimmy Kimmel blasted collectors of former U.S. President Donald Trump’s NFT projects as “suckers” and “freaks” late Wednesday—right as secondary market prices for the assets were taking off. The floor price—or price of the cheapest NFT listed on a marketplace—of Trump Digital Trading Cards minted on Ethereum scaling network Polygon has doubled over the past day to $434, according to data NFT Price Floor. Nearly 90 NFTs from the collection have traded hands during that span. Kimmel...
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A Bitcoin “epic satoshi,” or a particularly rare version of the smallest denomination of BTC, was sold for 33.3 BTC in April—around $2.1 million at the time. Now it has been used to inscribe an Ordinals asset with music and the AI-generated voice of Canadian electronic pop artist Grimes (aka Claire Boucher). An “epic satoshi,” or “epic sat,” is an extremely rare satoshi—that is, 1/100,000,000 of a BTC—that is generated during each Bitcoin halving. The quadrennial event cuts the amount of Bitcoin...
Bitcoin Ordinals and Runes platform OrdinalsBot has created the largest Ordinals inscription to date, weighing in at a hefty 3.969 megabytes. Inscription number 70,614,708, the OrdinalsBot team announced Friday, contains a copy of “A Declaration of Independence in Cyberspace” by Logos Network. OrdinalsBot co-founder Brian Laughlan told Decrypt that the size of the inscription had less to do with the length of the document, and more to do with publishing the document as an image that would be lar...
It’s not much of a secret: When NFTs broke out as a coherent asset class in 2021, their value proposition was, chiefly, rampant speculation. Since then, NFT projects have spent untold millions attempting to pivot their brands towards more serious-sounding, sustainable futures; most opted to go all-in on the ephemeral, provocative concept of intellectual property, or IP. It has never been resolved, however, what exactly IP means in such a context, nor to what extent NFT projects can bestow IP ri...
Yet another CryptoPunk has sold for an astonishing sum: On Thursday, an ultra-rare Alien Punk from the NFT collection traded hands for $12.38 million worth of Ethereum (ETH). Punk #635, one of just nine Alien Punks in the influential 10,000-piece Ethereum NFT collection, sold for 4,000 ETH this morning. The sale was facilitated by crypto art brokerage Fountain, with the piece going to an anonymous collector who has yet to reveal their identity. The eye-popping trade comes just weeks after two...
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...
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...
