Binance Halts Bitcoin Ordinals, Dogecoin Drops Runestones, and Lil Wayne Joins NFT Cinematics Amid Falling Sales
Summary:
This week's news includes Binance's NFT division discontinuing support for Bitcoin Ordinals, a unique Runestones airdrop by Dogecoin Ordinals, and Franklin Templeton's positive outlook on Bitcoin innovation. The metaverse is set to transform the medical tourism market. Exciting new partnerships have appeared in the NFT space, such as the collaboration between NFT collection Doodles and rapper Lil Wayne on an animation project. Notably, NFT sales volumes have seen a downward trend for the fifth consecutive week.
Explore in this week's circular how Binance's NFT division has drawn the plug on Bitcoin Ordinals support, dive into Dogecoin Ordinals' Runestones airdrop, and glean an insight into Franklin Templeton's perception of Bitcoin NFTs. In additional updates, the medical tourism market appears to be on the brink of a transformation due to the metaverse. Don't let this week's Nifty News slip away, spotlighting an exceptional partnership between NFT collection Doodles and rapper Lil Wayne on an animated film.
Binance's NFT branch has withdrawn support for NFTs leveraging Bitcoin. On the fourth of April, Binance announced their plans to halt the support for trades and deposits of Bitcoin Ordinals. This decision comes as an attempt to refine the range of products on offer. Furthermore, after April 10, the exchange will no longer offer airdrops and utilities of Bitcoin NFT. Users have been advised by the company to move their Bitcoin NFTs off the marketplace before May 18.
In a move not unlike the hyped Bitcoin Ordinals' Runestone airdrop in the previous month, Dogecoin NFT users organized a giveaway featuring their interpretation of Runestones. Over this event, more than 30,000 Doge Runestones were dispensed to wallets owning at least one Doginal — the Ordinals protocol of Dogecoin. During this activity, early adopters were offered up to 112,000 Runestones through a community-driven endeavour.
Franklin Templeton, the asset management firm, offered an insight into Bitcoin Ordinals for its customers. The firm highlighted that the protocol triggered a surge of activity on the Bitcoin network amounting to a "renaissance." They perceived the influence of Bitcoin NFTs as a force driving a positive trajectory in Bitcoin's innovation. Despite their optimism, they sternly cautioned investors about the potential risks involved with the protocol.
In a piece of Nifty News, LA's Bored Ape enthusiasts were left hanging, while Bitcoiners were dealing with a $500 Game Boy imitation. NFT collection Doodles declared the launch of an animated film featuring a character brought to life by renowned rapper Lil Wayne. On the 5th of April, they announced plans to channel a narrative through "digital collecting experiences." Concurrently, the total sales volume for NFTs across all blockchain platforms dipped for the fifth week in a row, right after hitting a year-to-date peak in March.
Your loyalty for this briefing on the most significant happenings in the NFT arena this week is appreciated. Stay tuned for the fresh batch of reports and insights into this dynamic domain next Wednesday.
Published At
4/10/2024 10:00:00 PM
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