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…
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The “Parisland” metaverse experience will launch in time for Valentine’s Day to give budding lovebugs a space to meet, at least virtually. Swiping right in the metaverse Famous New York socialite, Paris Hilton thinks the Metaverse may be the perfect place to find one’s true love. In a Feb. 9 tweet, the celebrity and reality…
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During the past two weeks, members of the cryptocurrency community have discussed the non-fungible token (NFT) concept known as Ordinals. Since the 3.96 MB block (#774,628) was mined, there has been a significant increase in Ordinal inscriptions on the Bitcoin blockchain. Ordinal Inscriptions on Bitcoin Blockchain Spark Debate Among Crypto Community The controversial NFT concept…
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Users are posting massive files to the Bitcoin network via the Ordinals protocol, taking up block space and paying high fees to do so. Bitcoin Ordinals cause fees to spike The Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and, in the process, hiking the transaction fees on the network. The…
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Following Ross Ulbricht’s non-fungible token (NFT) sale that raised 1,446 ether or $6.27 million at auction, Ulbricht is dropping another NFT compilation called the “Growth Collection.” According to the announcement, the NFTs will be minted using the Bitcoin blockchain and will be auctioned at the Bitcoin22 conference in Miami on April 6-8. Ross Ulbricht Is…
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