In this week’s newsletter, discover the latest news from Binance’s nonfungible token (NFT) department as they announce the end of support for Bitcoin Ordinals. Also, take a look at the Dogecoin Ordinals airdropped Runestones, and find out what asset manager Franklin Templeton thinks about Bitcoin NFTs. In other news, we explore how the metaverse is revolutionizing the medical tourism market, and don’t miss this week’s Nifty News, featuring an exciting collaboration between NFT collection Doodles and Lil Wayne.
Binance Ends Support for Bitcoin Ordinals
Binance NFT has made the decision to no longer support Bitcoin-based NFTs. In a statement released on April 4, Binance announced that it would be discontinuing support for Bitcoin Ordinals trades and deposits as part of its efforts to streamline its product offerings. Additionally, the exchange will no longer offer Bitcoin NFT airdrops and utilities after April 10. Users are advised to withdraw their Bitcoin NFTs from the marketplace before May 18.
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Dogecoiners Clone Hyped Bitcoin Ordinals “Runestone” Airdrop
In a move reminiscent of the popular Bitcoin-based Runestone airdrop in March, Dogecoin NFT users have created their own version of Runestones. Over 30,000 Doge Runestones were distributed to wallets that held at least one Doginal, which is Dogecoin’s Ordinals protocol. This community-driven effort mirrors the success of the original Runestone airdrop, which saw 112,000 Runestones given to early adopters of the protocol.
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Ordinals Drive “Positive Momentum” in Bitcoin Innovation – Franklin Templeton
Franklin Templeton, an asset manager, has shared an investor note introducing Bitcoin Ordinals to its clients. The company highlights that the protocol has sparked a “renaissance” of activity on the Bitcoin network, driving positive momentum in Bitcoin innovation. However, while Franklin Templeton is positive about Ordinals, it also advises its investors about the associated risks.
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Nifty News: LA’s Bored Ape Lovers Go Hungry, Bitcoiners Sell $500 Game Boy Dupe, and More
NFT collection Doodles has announced an upcoming animated film featuring a character voiced by popular rapper Lil Wayne. The collection plans to offer a unique storytelling experience through “digital collecting experiences.” In other news, NFT sales volume for all blockchains has declined for the fifth consecutive week after reaching a year-to-date high in March.
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Thank you for reading this summary of the week’s most significant developments in the NFT space. Join us again next Wednesday for more reports and insights into this rapidly evolving industry.