Several NFT collections created by industry giant Yuga Labs have sunk to all-time low ETH valuations—at the same time that other NFT projects, including those acquired by the company, have grown in value on the wings of booming crypto prices. Mutant Ape Yacht Club (MAYC), for example, a collection released by Yuga in August 2021, has fallen to an all-time-low floor price of 2.4 ETH, according to CoinGecko—meaning the cheapest NFT in the 20,000-piece PFP collection can be acquired for that price...
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Former U.S. president Donald Trump made a rare public endorsement of crypto on Monday, emphasizing the degree to which cryptocurrencies have enriched him personally and implying that he would support the industry if re-elected in November. “There has been a lot of use of [crypto], and I’m not sure that I’d want to take that away at this point,” Trump said during an appearance on the CNBC program “Squawk Box” this morning. When asked about Bitcoin’s skyrocketing price on the markets-focused tal...
The Dark Knight is returning to the Ethereum ecosystem in a new NFT collection commemorating the 85th anniversary of Batman's first appearance in "Detective Comics #27." The Legacy Cowls Collection is the next installment of the Bat Cowl Batman-themed NFT series that debuted in 2022. Made in collaboration with DC Comics and Warner Brothers Discovery Group, The Legacy Cowls Collection spans 11,544 digital collectibles using the Ethereum scaling network Palm that will drop on March 29 and be avail...
Private Jet Pyjama Party (PJPP) isn’t your typical NFT collection. Billed as a “digital membership club,” it’s carved out a niche for itself as a community of high achievers and entrepreneurs brought together by their appreciation for the finer things in life. “They are not really your typical, I would say, crypto bro—or they're not so crypto-native,” PJPP owner Mo Abrishamchi told Decrypt, adding that around a third of PJPP holders don’t own any other NFTs. The PJPP community is made up of “a l...
Bitcoin Ordinals inscriptions are fast becoming the top digital collectible in the crypto market, and developers are looking for ways to make buying and trading them as simple as possible. One company on the case: Oyl, creator of an eponymous browser-based wallet that allows in-wallet swaps of inscriptions. Backed by former CEO of BitMEX Arthur Hayes’ Maelstrom Fund and pseudonymous BRC-20 creator Domo, Oyl announced a $3 million pre-seed round on Thursday. Launched in August 2023, Oyl is a New...
The upcoming airdrop of the “NFT” token by the Non-Fungible DAO will be offered to Bitcoin Ordinals traders on the Magic Eden marketplace—past, present, and future. The Non-Fungible DAO announced the details in a tweet on Thursday, saying that users of the Magic Eden-developed, open-source MSigner—which lets traders sign Partially Signed Bitcoin Transactions (PSBTs) to conduct Ordinals transactions—will be rewarded in the upcoming token airdrop. According to a tweet from the DAO, more than 75 mi...
The Runestone, the largest ordinal inscription by block size, is up for auction, NFT historian Leonidas said on Wednesday. According to Leonidas, the current highest bid for the Runestone inscription 63,140,674 is 0.26 BTC, around $17,261.61 on the Ord City marketplace. Leonidas said all of the proceeds from this auction will cover the Bitcoin network fees associated with the Runestone airdrop and go to Bitcoin miners. “There is no team allocation, pre-sale, etc., and the open-source eligibility...
The Coachella Valley Music & Arts Festival announced Tuesday that it will release NFT collectibles that serve as an access pass to this year’s event in Indio, California in April. It’s the second time that Coachella has embraced NFT passes, following a collaboration with FTX that ultimately went sour after the crypto exchange’s 2022 collapse. Starting Tuesday at 1pm ET on the OpenSea marketplace, Coachella will release the first collection of NFTs: The VIP Pass + Oasis Lounge Keepsake. Minted on...
Demand for NFTs has been growing in recent weeks amid rising cryptocurrency prices, and Monday’s $16 million sale of a CryptoPunk—the fifth-most expensive NFT sale to date—put an exclamation point on that trend. But the top overall NFT marketplace over the last few days isn’t the same one that ruled the pile as recently as mid-February, as the tides of the marketplace wars have shifted yet again. And the latest startup to take the throne can credit Bitcoin Ordinals for much of that shake-up. Mag...
The Runestone airdrop appears to be imminent, with tweets from Bitcoin NFT Marketplace Magic Eden calling on enthusiasts to drop Runestone-themed designs on Monday. “Love this and looking forward to seeing what people create! Both the Runestone parent and child art are [Creative Commons licensed], so feel free to remix, et cetera,” pseudonymous NFT historian Leonidas explained. The Bitcoin ordinals project spearheaded by Leonidas will airdrop Runestone inscriptions to 112,383 eligible wallets. S...
