NFT News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage Non-fungible tokens (NFTs) created on the Bitcoin network, popularly known as Bitcoin ordinals, will be listed on the Binance NFT marketplace. These assets are set to find their way into the Web3 industry as more NFT marketplaces evolve and provide digital assets access. Binance NFT to list Bitcoin ordinals On May 9, Binance NFT announce d that it would support Bitcoin ordinals on its NFT marketplace towards the end of this month. The listing for these NFTs will grow the Binance multi-chain NFT ecosystem to extend support for the Bitcoin network. Binance NFT x Bitcoin Ordinals 🔶 Bitcoin NFTs are soon coming to our marketplace, offering more opportunities for collectors and creators in our multi-chain ecosystem. Here's everything you need to know 🧵 — Binance NFT (@TheBinanceNFT) May 9, 2023 The Binance NFT marketplace already support s some of the largest blockchain net...

An image of the sandals worn by Steve Jobs was minted as a nonfungible token and sold for over $200,000. In this week’s newsletter, read about how the FTX contagion led to the sale of a collection containing high-ticket nonfungible tokens (NFTs). Check out the struggles in onboarding artists to Web3 through NFTs and find out about OpenSea’s decision to finally enforce royalties on all collections within its NFT marketplace. In other news, a tool that allows layer-2 networks to showcase NFTs on social platform s like Twitter was released. And don’t forget this week’s Nifty News featuring Nike’s Dot Swoosh NFT platform .  FTX contagion victim Deepak.eth puts NFT collection up for sale After announcing an eight-figure exposure to FTX exchange, Deepak.eth, the pseudonymous founder of blockchain infrastructure firm Chain, has tweeted that they are selling their NFT collection either to the highest bidder or through a fractional decentralized autonomous organization (DAO) for 80% ownership....

In early November, the Chinese government made an ambitious plan to boost the nation’s VR industry, and now it seems local tech companies are using the World Cup to test-run their products. Chinese firms bet on “Metaverse-like” experiences for FIFA World Cup China-based technology companies are reportedly working on tech that would give Chinese soccer fans the ability to watch the FIFA World Cup within the metaverse. The efforts are part of a five-year plan released by the Chinese government in early November to boost the capabilities and development of the local virtual reality (VR) industry. Video streaming platform Migu is one of six Chinese firms that has secured the rights to show the World Cup and plans to create a “Metaverse-like” space accessed through VR headsets for users to watch a livestream of the game, according to a Nov. 20 report from the state-run media outlet Global Times. ByteDance, who owns TikTok and its Chinese version Douyin, received licensing rights to air the...