The NFT Meaning, Orlando, FL (2026)

04/18/2023

Bored Ape Yacht Club trading volume surpasses 1M ETH

On April 15, 2023, the Bored Ape Yacht Club (BAYC) made headlines once again as its trading volume surpassed 1 million ETH, equivalent to a staggering $2.1 billion USD.

This monumental achievement marked a significant milestone for BAYC, as well as the entire NFT community.

The BAYC reached a new level of trading volume

The BAYC’s unprecedented trading volume demonstrates the immense popularity and demand for NFTs in the market.

According to CryptoSlam, the BAYC now has the second-highest transaction volume of all NFT collections, a remarkable feat for a relatively new player in the space.

Yuga Labs, the parent company of BAYC, is also responsible for four of the top ten most traded collections in the NFT market.

This impressive portfolio of high-value collections further solidifies BAYC’s position as one of the most valuable NFT collections in the space.

Despite the volatility that has characterized the NFT market in recent years, the future of BAYC and the NFT market at large is optimistic.

As more individuals enter the space and gain knowledge of NFTs, the demand for valuable collections such as BAYC is expected to grow.

The BAYC’s accomplishment is a testament to the sustained interest in NFTs, and the market’s potential for continued growth and expansion. The NFT market is here to stay, and BAYC is leading the charge towards a bright and exciting future for NFT enthusiasts and collectors.

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04/08/2023

Solana NFTs face setback as popular collections exit

In 2023, two of Solana’s most popular and valuable NFT collections, y00ts and DeGods, will cease to exist, causing a significant setback for its NFT ecosystem.

The y00ts collection is nearing completion of its migration to the Polygon , while DeGods is in the process of migrating to Ethereum. In the last 30 days, Solana’s total NFT sales volume increased by 31%, but the number of NFT trades decreased by more than 8%, according to CryptoSlam.

It remains to be seen what effect the absence of these collections will have on the second-largest market for non-fungible tokens in the cryptocurrency space.

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03/29/2023

Ethereum staking provider Lido to add NFTs into unstaking process

Users who want to withdraw staked ether will get a token that can be traded but can’t be used to buy anything else.

At its Node Operator Community Call #5, Lido, which is the largest decentralized finance (DeFi) system by total value locked, announced plans to launch a non-fungible token (NFT) to show how much ether a user wants to withdraw (ETH).

When the next big update to the Ethereum blockchain, Shanghai, which designers also call Shapella, is put into place next month, these withdrawals will be possible.

Ways to withdraw ETH from Lido
Mariya Muzyko, a product manager at Lido, said on Tuesday afternoon’s call that there will be two ways to withdraw ETH from Lido. Customers can unstake their stETH and get ETH at a 1:1 ratio. These steps are asking for and getting. When a user asks for a withdrawal, Lido sends them an NFT that serves as legal proof of the request. The user can then use the NFT to claim their ETH payouts. When the user redeems their ETH and gets it back, the NFT is burned.

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03/28/2023

Ticketmaster launches NFT-gated features

A feature that Ticketmaster made that lets artists give NFT owners special access to events has made it possible for the technology behind digital collectibles to be used in another way.

Ticketmaster said in a statement on Monday that these “token-gated ticket sales” work with Ethereum tokens kept in digital wallets like MetaMask or Coinbase.

The heavy metal band Avenged Sevenfold (A7X) asked for the tool at first as a way to reward owners of its Deathbats Club NFT collection, which came out in late 2021. Depending on the artist, rewards may also include specific seats or unique travel plans in addition to early access to sales.

In a tweet sent earlier this month, M. Shadows, who is the lead singer of A7x, talked about how the band works with Ticketmaster.

David Marcus, the executive vice president of global music at Ticketmaster, said in a statement that “This new capability allows artists to get special access and rewards to specific fans they want to super serve. Artists like Avenged Sevenfold are using Web3 and NFTs to build deeper relationships with their fans, and we’re proud to help foster that connection through live events.”

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03/28/2023

The U.K. Treasury has decided not to launch a government-backed non-fungible token (NFT) in order to make the country a major center for the cryptocurrency industry.

The U.K. Prime Minister Rishi Sunak was supposed to release the coin when he was chancellor in April 2022, but the Royal Mint ran into trouble. The Royal Mint had previously announced plans for employing blockchain technology to track its gold supplies in 2017.

Andrew Griffith, the economic secretary for the UK, said in a statement on Monday that the plans are not moving forward “at this time.” But the proposal will still be looked at. Harriet Baldwin, chair of the Treasury Select Committee, said that the government’s chief financial minister would be asked if issuing an NFT “remains the policy of his department.”

According to the BBC, Baldwin highlighted economic uncertainties across the bitcoin business as a factor in sunsetting the collection.

“We have not yet seen a lot of evidence that our constituents should be putting their money in these speculative tokens unless they are prepared to lose all their money,” stated Chair of the Treasury Select Committee Harriet Baldwin. “So perhaps that is why the Royal Mint has made this decision in conjunction with the Treasury.”

Recently, a number of world leaders have shown that they are open to NFTs and other Web3 technologies. Japan said in October that it would invest in the digital transformation of the country through NFTs and metaverse services. Even though the country has strict cryptocurrency laws, China opened an NFT and digital asset market in January.

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03/21/2023

PS5 gets Discord voice chat integration

Discord voice chat is now available on PS5.

PC, mobile, and console gamers have used Discord to chat while playing for almost eight years. Now, more players worldwide can connect with their friends and play their favorite games on PS5® console.

You can communicate with your Discord friends on your PS5 and play multiplayer games with them, regardless of whether they are using a PC, mobile device, or another Discord-supported console.

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03/17/2023

Coinbase announces ‘one-stop shop’ for NFT creators

Coinbase’s NFT marketplace division has launched a new “Creator Hub” that provides a variety of tools for NFT creators to launch and market a collection.

On March 16, Coinbase NFT tweeted the news, promoting the hub as a “one-stop shop” and listing the new tools available to creators.

The tool claims that an NFT collection can be launched in three steps, that sales can be tracked on Discord, and that an NFT collection can be embedded on a website.

Other features included tools for analyzing holder wallets and the ability to create gated experiences that were only available to NFT holders.

For the first time in a long time, it appears that Coinbase NFT has significantly updated its platform.

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03/17/2023

Tension between Doodles NFT founders, holders over project direction

The Doodles NFT collection, launched on Ethereum in 2021, is facing tension between its founders and holders.

As the project expands its offerings in the competitive Web3 space, some members of the community are pushing back against the team’s approach. Co-founder Jordan “poopie” Castro defended the team’s decisions to build new features away from the spotlight, which some see as contrary to the open ethos of Web3.

“We’re trying to go from a startup to a leading media franchise. We are no longer an ‘NFT project,’” Castro wrote. “The more time/money/resources we invest in following the latest ‘build in public’ trends that fuel speculation, the less we have to achieve our long-term vision.”

“We are not going to spend any resources appeasing those with financial motivations. We never have and never will,” he continued. “If we are going to focus energy on any [group] of people, it will absolutely be our most loyal collectors.”

On social media, people have had a range of reactions to the comments. Some people think Castro’s comments are ambitious and think he’s trying to say that Doodles is no longer just an NFT project because it wants to go further. In response, one founder of the Web3 project tweeted, “The quicker we get rid of the term ‘NFT project’ the better [to be honest],”

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03/05/2023

An executive says that the crypto exchange that is open to the public will continue to push the limits.

Most people don’t think of product innovation when they think of Coinbase, a public crypto company that has been around for a decade. Coinbase’s head of protocols, Jesse Pollak, said at ETH Denver that the company wants to change that.

“If we look at the history of Coinbase and crypto over the last 10 years, it’s been very trading-centric,” Pollak told Decrypt. “Our investment in Base is an investment in creating a platform that makes it easy for developers to build useful products on an on-chain platform, and then makes it easy for users to use those products through interfaces like Coinbase and Coinbase Wallet.”

Base, an Ethereum layer-2 sandbox for decentralized applications, was released by Coinbase last month. Several well-known blockchain companies are launching at the same time as Coinbase. These include the oracle network Chainlink, the Ethereum block explorer Etherscan, and the DeFi protocol Aave.

Pollak thinks that the way Coinbase handles big projects like NFTs, Base, and USDC, where big bets are placed, is a good example of how innovation works there.

“We launched the NFT marketplace last year and the goal was basically to help folks coming from the off-chain world access NFTs, learn about them, and participate in this economy that’s emerging,” he said.

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03/02/2023

Emmy Award-Winning, Disney-Backed Baobab studios releases ‘Momoguro’ ethereum NFTs

The creators of Momoguro have planned a multi-platform franchise with a game, a television series, and numerous NFTs.

Nine Emmy Awards have been given to Baobab Studios for their short films and virtual reality (VR) experiences. Now, they are expanding into the Web3 world with a family-friendly project called “Momoguro” and an accompanying Ethereum NFT collection.

Invented by multimedia director and animator Martin Allais and writer-director Nico Cassavecchia, Momoguro is a vibrant fantasy world in which creatures known as “Momos” can combine to form hybrid characters. Momoguro is releasing NFTs and an NFT roleplay game (RPG) in which players go on “quests” to combine Momos across the Uno Plane.

The creators of Momoguro also believe that their property’s lore conveys an essential message.

“Community plays a big part in this,” Momoguro’s Cassavecchia said in a statement. “Inclusivity is paramount for the franchise, from ethnicities, genders and body-types, Momoguro’s ethos is that everyone is welcomed.”

According to Crunchbase data, Baobab presently has Pixar cofounder Ed Catmull and Twitch cofounder Kevin Lin on its board, and has raised over $31 million from investors such as Disney, Samsung, and Comcast.

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03/02/2023

Binance’s AI-powered NFT generator reaches 10K mints in 2.5 hours

In the limited beta, Bicasso transformed user-submitted profile pictures into digital works of art in seconds.

Binance’s newly launched artificial intelligence-powered nonfungible token (NFT) generator has been producing digital art at full capacity, reaching a maximum of 10,000 NFT mints in less than 2.5 hours after launch.

The largest cryptocurrency exchange in the world, Binance, released a beta version of “Bicasso,” an NFT generator powered by AI, on March 1.

Binance CEO Changpeng Zhao told users, “With AI, you can turn your creative ideas into NFTs. “you can turn your creative visions into NFTs with AI,” following it up a couple of hours later with “Bicasso first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a little stressed out, but caught its [breath] now.”

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02/26/2023

🎨 Artwork By .eljeji

Tiny Ice cream Shop !

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The NFT Meaning

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