In this week's newsletter, please refer to how France's top contemporary art museums should display irreplaceable tokens (NFT). Let's take a look at why the founder of the new imitation project RR/BAYC of the uninteresting Ape Golf driving range (BAYC) boycotted the application for trademark registration of YUGA Labs. Learn how Etherum's NFT damages 60% of the total market capitalization, and fully understand how BTC non-zero locations have skyrocketed because of Bitcoin NFT. Don't forget this week's Nifty News, American socialite Paris Hilton Hotel launched a tryst fantasy world called ParIsland.
Paris's leading Hyundai gallery Pompidou Center has said it will permanently exhibit NFT. The History Museum will show NFT from a variety of digital artists around the world, including CryptoPunk#110 and Autoglyph#25.
According to Xavier Ray, curator of the French National Museum of Modern Art, the center has pursued a passion for perfect art design related to blockchain technology. Ray stressed that the collection strictly implements his strong support for art masters to "attract a new form of expression."
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RR/BAYC, one of the founders of the fake NFT series, boycotted 10 trademark registration applications from YUGA Labs, a bizarre turning point in the intellectual property dispute between BAYC founder and RR/BAYC founder Jeremy Strauss-Kahn and Jingdong Rippes.
However, the Yuga lab team does not seem to be affected by the diligence. In an interview with popular media, a spokesman for YUGA Labs said the application was only intended to distract attention from real problems.
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NFT is not immune from the winter of 2022 login password. A report by Dappra examined 81 NFT collections based on the Ethernet Internet, indicating a sharp drop in market capitalization in 2022.
Although the etheric NFT industry was worth $9.3 billion at the beginning of this year, the company's valuation fell to $3.7 billion by the end of 2022, according to data. The report believes that the total market capitalization in 2022 may be jeopardized by the decrease in the use value of ETH.
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The introduction of Bitcoin NFT (Bitcoin number) has pushed the total number of non-zero Bitcoin detailed addresses to an all-time high of 44 million. According to the analysis platform Glassnode, this is the first time in BTC's 14-year history that the site has been used for another purpose.
Glassnode stressed that the surge in the use of ordinal numbers has led to an increase in demand for Bitcoin Internet. The website also said that this new role has increased the number of daily active users with non-zero balances for Bitcoin.
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Us socialite Paris Hilton Hotel and vr virtual reality service platform The Sandbox have launched the virtual reality technology tryst feeling "ParIsland", in which players can participate in tryst Reality Show shows.
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Query COINTELEGRAPH's NFT STEEZ blog
Thank you for reading the introduction to the most important trends in the NFT industry this week. Come back next Wednesday to learn more about the industry reports and opinions on this positive development.
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Tue, 18 Apr 2023