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Elon Musk slams NFTs on the Joe Rogan podcast only to unintentionally make the case for Bitcoin Ordinals. In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales , OpenSea has laid off a substantial amount of staff as it prepares to launch version 2.0 of its platform, and Elon Musk unintentionally made a case for Bitcoin Ordinals. Meanwhile, an OpenSea investor has taken a 90% markdown on their stake in the platform, and don’t forget this week’s Nifty News featuring The Simpsons roasting NFTs. NFT sales volume jumps to $129 million in November — Nansen data NFTs have seen a large increase in weekly sales volume, with sales reaching 29,704 Ether (ETH), worth approximately $56 million, and later surging to 68,342 ETH (over $129 million) in a matter of weeks. NFT marketplace Blur had...

As the firm moves to open up The Sandbox Map, co-founder Sebastian Borget said he believes individual creators and brands will ultimately drive what the metaverse of the future will offer. Individual creators and brands will ultimately determine the future of the metaverse as opposed to any centralized entity, according to the co-founders of The Sandbox. On Nov. 3, the team behind the Ethereum-based metaverse announced on X it had made The Sandbox Map accessible to everyone, where “LAND” owners can publish their own experiences without needing to partake in an application process (which was previously required). THE METAVERSE IS NOW OPEN Starting today, LAND owners in The Sandbox can instantly publish experiences on the map! We're accelerating user-generated content to unleash the creative potential of creators like you. Let's build the metaverse together. #UGC #CreatorsDayHK pic.twitter.com/A2E8gNI2it — The Sandbox (@TheSandboxGame) November 3, 2023 “Now [anyon...

China Daily, an English-language newspaper under the auspices of the Publicity Department of the Chinese Communist Party, has embarked on an ambitious journey to establish its very own metaverse and nonfungible token (NFT) platform. In a recent announcement, China Daily disclosed its intent to allocate 2.813 million Chinese yuan ($390,000) to a third-party contractor who can craft the NFT platform within the budgetary parameters. The chosen contractor may be either a Chinese or foreign firm, well-versed in the intricacies of blockchain technology. Furthermore, the blockchain firm selected to execute the project must have the capacity to handle a staggering 10,000 transactions per second on its mainnet. Interested contractors have until October 17 to submit their applications and develop the platform within a three-month timeframe. The primary objective of the China Daily NFT Platform is to enhance the global influence of Chinese culture through various means, including the utilization...

NFT aggregator Rarible said by October it would cut off aggregate orders from competitors that don’t enforce royalties, such as OpenSea. Nonfungible token (NFT) marketplace Rarible has seen a substantial uptick in trading volume over 24 hours following a public statement in support of maintaining NFT creator royalties. It comes as competitor NFT marketplace s such as OpenSea have rewound support for royalties and royalty enforcement — prompting other NFT projects to also begin rewinding support for OpenSea. Data from the analytics platform DappRadar shows that 24-hour fiat trading volume on Rarible reached $1,500 across 38 sales for Aug. 23, clocking a 653% increase from the day before. 1/ Following @rarible's decision to maintain creator royalties , and remove both @opensea and @blur_io from their aggregation data, Rarible's trading volume is up 637% in the past 24h. Do you think Rarible is right? View @rarible on DappRadar https://t.co/9hh0AQa7Nj pic.twitter.com/cg1dPChYar ...

Several iconic NFTs, once heralded as groundbreaking investments, have taken significant hits in their values. Let’s delve into the detailed stories of these NFTs, exploring what they are, why they declined in value, and what these cases signify for the NFT market. In the swirling world of NFTs, the digital representations of unique assets, values can ascend to astronomical heights and plummet to surprising lows. This exploration dives into this complex and fascinating arena, examining the highs and lows, the triumphs and pitfalls, and the lessons learned from the ever-evolving landscape of digital collectibles. You might also like: Ethscriptions vs Ordinals: a deep dive into the new web3 phenomena Jack Dorsey’s first tweet In 2021, Twitter founder Jack Dorsey took an unusual step that captured global attention: He converted his very first tweet into an NFT and sold it for a staggering $2.9 million .  The tweet, a simple statement reading “just setting up my t...

Bitcoin has seen around $167.47 million in NFT sales over the past 30 days, while StepN has integrated Apple Pay to remove barriers to entry to the app. Bitcoin, the next biggest NFT network? With nonfungible tokens (NFTs) still causing a stir among the Bitcoin community, the network has rapidly become the second-largest NFT chain, according to data from CryptoSlam. Looking at the 24-hour, seven-day and 30-day metrics, CryptoSlam data indicates Bitcoin has hosted the second -largest amount of NFT sales volume across the market. Over the past 30 days, Bitcoin has seen a whopping $167.47 million worth of NFT sales on secondary markets, though it’s still far behind the $395.95 million posted on Ethereum during that same period. Notably, Bitcoin is now well ahead of its nearest competition, including Solana and Mythos Chain, which have only seen $55.8 million and $35.4 million worth of sales over the past 30 days, respectively. 30-day NFT sales volume by blockchain. Source: CryptoSlam In...

The previous version of the nonfungible token marketplace will be sunsetted by April 13, 2023. Nonfungible token (NFT) market place LooksRare has upgraded to version 2, reducing fees by 75% and implementing several other Features , according to an April 6 announcement from the company. ! Rolled out rn: - Fee dropped to 0.5% - Gas 50% cheaper than Blur - One-signature bulk listing - Buy 70+ NFTs at once - Sellers get ETH instead of WETH Full deets https://t.co/3XXGeGK2r2 — LooksRare (@LooksRare) April 6, 2023 The LooksRare version 1 platform charged 2% per trade. This has been reduced to 0.5% in version 2. In addition, v2 has more gas-efficient contracts, allowing users to save approximately 30% on gas fees versus the previous version of the app. The company explained that in version 2, sellers receive Ether (ETH) instead of Wrapped Ether (WETH) for most sales, and the smart contracts allow for bulk buying and selling orders if a user wants to place multiple trades simultaneo...

Get started with nine beginner-friendly data science project ideas to enhance your skills and portfolio. Beginners should undertake data science projects as they provide practical experience and help in the application of theoretical concepts learned in courses, building a portfolio and enhancing skills. This allows them to gain confidence and stand out in the competitive job market. If you’re considering a data science dissertation project or simply want to showcase proficiency in the field by conducting independent research and applying advanced data analysis techniques, the following project ideas may prove useful. Sentiment analysis of product reviews This involves analyzing a data set and creating visualizations to better understand the data. For instance, a project idea may be to examine user evaluations of products on Amazon using natural language processing (NLP) methods to ascertain the general mood toward such things. To accomplish this, a sizable collection of product revi...

Galaxy’s estimation was based on the rapid uptick of interest in Bitcoin NFTs, currency market infrastructure, and the potential to take some market-share away from Ethereum. In a “base case” scenario, Galaxy Digital's research unit has tipped the burgeoning Bitcoin nonfungible token (NFT) market to hit a $4.5 billion market cap by March 2025. Bitcoin NFTs, or Ordinals, have attracted a significant amount of attention since the Ordinals protocol launched in late January, enabling users to inscribe data such as images, PDFs video and audio onto individual satoshis, or sats that each represent 0.00000001 Bitcoin (BTC). NFT giants such as Yuga Labs have even jumped in on the hype. On Feb. 28, the $4 billion firm behind the Bored Ape Yacht Club announced a Bitcoin-based NFT project dubbed “TwelveFold,” marking a notable form of recognition of the Ordinals movement. In a new report published on March. 3, Galaxy researchers analyzed the potential growth of Bitcoin NFTs and made esti...

OpenAI officially released the  ChatGPT  API a day ago to allow developers to integrate the technology into their applications. According to the official announcement, the interface grants developed access to cutting-edge language and speech-to-text capabilities. Source: Twitter Also Read: OpenAI Releases ChatGPT API As far as pricing is concerned, the new ChatGPT API will cost $0.002 per 1000 tokens. That, according to the company, is 10x cheaper than its existing GPT-3.5 models. According to the pricing page, tokens can be equated to “pieces of words,” where 1,000 tokens are about 750 words.” Whisper API ’s price is, however, different. Whisper is basically a speech-to-text model and is priced at $0.006 per minute.  ChatGPT API’s $0.002 per 1000 tokens translates to merely “$2 per million tokens.” OpenAI CEO Sam Altman re-emphasized that on Twitter on Thursday, Mar. 2. Well, it was just not it. In a...

Professionals working in the Web3 space shared various ways and tools that can help users prevent NFT theft. In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost nonfungible tokens (NFTs) worth more than $1.1 million. Find out why an NFT collector is suing NFT marketplace OpenSea over locking his account for three months and how the Porsche NFT collection gained almost $5 million in sales volume , despite a failed launch. In other news, find out how NFT trademarks could potentially be a reliable signal for NFT traders. Lastly, professionals within the Web3 space shared various ways to combat NFT theft.  Moonbirds creator Kevin Rose loses $1.1M+ in NFTs after one wrong move Moonbirds co-founder Kevin Rose lost over $1.1 million in NFTs after falling victim to a phishing scam. According to various analysts, Rose approved a malicious signature that let the attacker transfer tokens from his wallet. An on-chain analyst named “Quit” on Twitter said that the malicious...

The wallet address of RTFKT’s chief operating officer got drained of its NFTs through a phishing scam. In this week’s news letter , read about how nonfungible tokens (NFTs) in the Magic Eden Marketplace showed “unsavory images.” Read about Final Fantasy developer Square Enix’s aggressive investments in blockchain Gaming and how Play-to-earn (P2E) will transition from the growth phase to maturation. In other news, check out Metaverse developments throughout 2022. And don’t forget this week’s Nifty News featuring Solana NFTs’ surge in trading volume.  ‘WTH did I just witness?’ Magic Eden shows porn after hosting service hacked Solana-based NFT marketplace Magic Eden had recently assured its users that their NFTs are safe after pornographic images were spotted in its trading platform on Jan. 3. The marketplace told its users that it wasn’t hacked. Instead, the third-party service provider hosting images within the platform was “compromised.” Tweets posted by Magic Eden users pointed to ...

Despite the odds, VeChain continued to grow in a positive direction in 2022. At the beginning of Q4, it announced expansion plans for its team in Europe. The VeChain Foundation revealed that the company was to hire 100 new developers to work in Europe, “pushing out new tools, technologies, developer libraries, and so on.” VeChain has parallelly been expanding its footprint and real-life use cases over the past few months. Recently, the foundation announced that the world’s most valuable NFT with a real-world application was minted on the VeChainThor blockchain. Now, its leading NFT marketplace, VeSea , has scripted another record. The platform surpassed 100 million in total trading volumes recently. The number currently stands at 101 million VET . Parallelly, the number of NFTs minted on VeSea has crossed 134k and the marketplace boasts over 252.6k items at press time. VeSea’s official tweet announcing the volume milestone asserted, “2023 is going to be a banger....