NFT gems

2023-02-15 15:48:28 Ordinals Gain Momentum With 76,000 NFTs Minted to Bitcoin

Despite pushback from Bitcoin purists, Ordinals—the NFT-like project on the Bitcoin blockchain—shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals spiked on February 9, 2023, exceeding 20,800 inscriptions for the day, according to data from Dune. Launched last month, Ordinals is the latest project aiming to bring NFTs into the Bitcoin ecosystem. Counterparty, launched in 2014, was the first project that introduced non-fungible tokens to Bitcoin with the Rare Pepes collection, followed by the 2017 launch of Stacks. Developers have inscribed JPEGs, audio files, videos, and even video games to test the limits of what can go on the Bitcoin blockchain. While the total number of Bitcoin NFTs is unknown, the Ordinals website and Gamma, a Bitcoin NFT marketplace on Stacks.

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2023-02-15 00:46:28 MICROSOFT PAUSES INDUSTRIAL METAVERSE PROJECT

Microsoft is pausing its industrial Metaverse project amid tightening economic conditions to focus on short-term revenue-generating ventures. As a result, all 100 employees who were working on this project have been let go.

People with knowledge of the matter say that the tech giant has grown frustrated by the amount of investment required before its industrial Metaverse project starts generating revenue. It wasn’t ideal for a company that has already let go of over 10,000 employees since the start of the year. Microsoft are trying to cut costs and stay lean during these times of economic hardship.

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2023-02-14 18:48:41 US inflation mixed. Jan CPI was inline w/St on MoM basis, coming in +0.5% headline & +0.4% core. On YoY basis, things ran bit hot, coming in +6.4% headline (down from +6.5% in Dec but ahead of St’s +6.2%) & +5.6% core (down from +5.7% but ahead of St’s +5.5%.

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2023-02-14 14:09:05 Decentralized derivatives exchange tokens outperform in 2023

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2023-02-14 03:00:12 Steven Soderbergh Presents Blockchain Award to NFT-Funded Film ‘Calladita’

While Web3 has yet to catch on outside of the cryptocurrency space, Film3 had a big moment under the spotlight in Park City, Utah, on Saturday when ‘Calladita,” a new film by director Miguel Faus, was named the winner of the Andrews/Bernard Award. Established by renowned director Steven Soderbergh and the Decentralized Pictures platform, the three-part award provides a total of $300,000, divvied up into three $100,000 checks, in finishing funds for noteworthy films and shorts, for up to three filmmakers. Faus won one part of this award. “Winning this award from Steven Soderbergh is a dream come true for me and the whole Calladita team and community,” Faus told Decrypt via direct message, adding that he believes that Film3 is the future of independent cinema and is the reason “'Calladita' exists.

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2023-02-13 18:41:24 Across gaming applications, monthly active users have declined 30%, and new users have declined 34% since October.

Sustainability struggles stem from creating a truly engaging experience

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2023-02-13 14:47:56 EAST BEATS WEST WHEN IT COMES TO INTEREST IN METAVERSE AND WEB3

It appears like the East and Africa are more interested in the metaverse and web3 applications, as interest from the region is far more positive than that in the west.

A recent analysis by crypto data platform, CoinKickoff, found that opinions towards the metaverse vary greatly across the world. Using data from 1.6 million tweets, the study identified the countries that love and hate the metaverse.

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2023-02-12 23:15:37 Crazy.

Earnings yield for US stocks is now close to turning negative versus the Fed funds rate for the first time since the tech bust.

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2023-02-12 13:42:22 SlowMist conducted an analysis of the Monkey Drainer NFT phishing group. The main tactic was to create fake NFT related sites through fake celebrity Twitter and Discord. 7,059 NFTs were successfully stolen, resulting in a profit of 4,695.91 ETH for the scammers.

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