Choose Wisely !
Love what you're reading? Please Subscribe to our Newsletter for a weekly dose of alpha around NFTs
No, I will skip this time.
.png)
Find out the full story in our weekly NFT Newsletter 👇
.webp)
The Indian crypto exchange, WazirX, has closed down its NFT marketplace, causing a surprise in the community. The platform had been experiencing a decline in volume for months and the core team had abandoned it, which raised concerns about its future. The closure was sudden and the website displayed a message stating that the marketplace had been sunsetted and directing users to trade their NFTs on OpenSea. Despite several inquiries, WazirX has remained silent on the matter.
In March 2021, WazirX had launched its NFT marketplace, which offered a wide range of digital assets such as artwork, music, videos, and collectibles.
It is speculated that the closure was due to WazirX’s focus on developing Shardeum, a new Layer 1 blockchain that aims to provide scalability, security, and interoperability for dApps. The team has been heavily promoting this project, which resulted in the neglect of the WazirX marketplace.
While the shutdown of the NFT marketplace has only affected a small percentage of WazirX’s user base, the ongoing ownership conflict with Binance may have significant consequences. It remains to be seen how this closure will impact the future and services of WazirX.
Changpeng Zhao, the CEO of Binance, has been developing a new project named “Bicasso,” which is a cutting-edge AI art generator. On March 1st, the beta version of Bicasso was released, allowing fans to create unique NFTs by uploading their own images and inputting text for the AI to work with. The platform was limited to 10,000 mints, which were quickly snapped up by fans within just 2.5 hours.
With Bicasso, users can use the AI to create their own unique digital art pieces by collaborating with the AI’s intelligence. Zhao announced the release of Bicasso on his Twitter account, calling it a “fun new Binance AI product” and encouraging fans to try it out and share their creations.
Although a release date for the full version of Bicasso has not yet been announced, interested users can sign up for the waiting list on the Binance Twitter account. The initial response to the beta version of Bicasso was mixed, with some members of the Binance Twitter community creating impressive artwork before experiencing delays due to high volume.
Currently, Bicasso can be accessed from any browser on a PC or phone, but it is not yet available through the Binance application.
Yuga Labs, the creator of Bored Ape Yacht Club, has launched a new “NFT” project called “TwelveFold” on the Bitcoin blockchain.
This comes after one of their collections was involved in an intellectual property dispute. The limited edition collection features 300 generative works inscribed on satoshis, the smallest units of Bitcoin, on a 12x12 grid system.
Yuga Labs explained that this art system is an allegory for the mapping of data on the Bitcoin blockchain and the inscribed satoshis can be tracked using the Ordinal Theory protocol based on the time of minting.
For those unfamiliar, non-fungible tokens on the Bitcoin blockchain are called Ordinals. The idea here is to attach metadata to a Bitcoin (Satoshi) in the form of extra data which is stored within a Bitcoin transaction. This extra data could be anything from text, images, sound files, HTML, or other digital assets, and the block size limit caps the size of the Inscription.
Please refer to our article — Bringing NFTs to Bitcoin: The Power of Ordinals and Inscriptions to learn more about Ordinals and Inscriptions.
Show us some love ❤ ️by joining the Bliv Community if you haven’t already!
Official links: —
Website: https://www.bliv.club/
Twitter: https://twitter.com/BlivClub
Discord: https://discord.gg/2bAZVU6MNV
Telegram: https://t.me/+ox68Uvbl3FFjOWE1
Rahul is a former software engineer who is now a writer. After working as a full-stack developer early in his career, he realized that coding was not his forte and began writing blogs, poetry, and articles for sports magazines. He is always torn between Football and Bitcoin as his first love. In his spare time, he enjoys reading books on economics, startups, and business, as well as educating people on personal finance, cryptocurrency, and Web 3.0 on Instagram.
Rahul is a former software engineer who is now a writer. After working as a full-stack developer early in his career, he realized that coding was not his forte and began writing blogs, poetry, and articles for sports magazines. He is always torn between Football and Bitcoin as his first love. In his spare time, he enjoys reading books on economics, startups, and business, as well as educating people on personal finance, cryptocurrency, and Web 3.0 on Instagram.
.png)
Web3 Fintech Company
23rd Floor, The Oberoi business center, Anantara Hotel Building Business Bay , Dubai
