NFT News by Thebittimes.Com

COTI Network launches V2 Whitepaper for Ethereum, boosting confidentiality. The V2 whitepaper unveils innovative features including Garbling Protocol and gcEVM for secure transactions. COTI token has dropped 7% in spite of this key development. COTI Network, a leading Layer-2 scaling protocol on Ethereum, has launched its highly anticipated V2 Whitepaper, aiming to revolutionize confidentiality within the Web3 ecosystem. The move underscores COTI’s commitment to addressing privacy concerns and driving innovation in blockchain technology. Enhancing confidentiality on Ethereum The unveiled V2 Whitepaper signals a significant step forward in enhancing confidentiality on the Ethereum blockchain. It introduces groundbreaking Features designed to optimize performance while safeguarding user privacy. One key innovation highlighted in the whitepaper is the implementation of a Garbling Protocol, which offers remarkable improvements in computation speed, sto...

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....