Binance Halts Bitcoin NFTs Despite Continued Momentum: Web3 Watch

Binance to Stop Supporting Bitcoin NFTs, Users Advised to Withdraw

Bitcoin NFTs Remain Popular Despite Binance Decision

Binance has announced that it will no longer support trades and deposits of Bitcoin NFTs starting from April 4. Users have been advised to withdraw their Bitcoin NFTs from the marketplace. Despite this decision, Bitcoin ordinals remain popular among traders, with over $394 million worth of Bitcoin NFTs sold in the past 30 days, making it the second most popular chain for NFTs.

Ghostface Killah to Launch Bitcoin Ordinals Mint

Wu-Tang Clan rapper Ghostface Killah has embraced the growing enthusiasm for Bitcoin ordinals and announced that he will launch an ordinals mint on April 11. The artist’s move further highlights the increasing interest and momentum in the Bitcoin NFT space.

Doodles Collaborates with Pharrell, Lil Wayne for Summer Movie

NFT community and entertainment company Doodles is teaming up with Pharrell Williams, Lil Wayne, and Coi Leray for an upcoming movie in the summertime. The movie, titled “Dullsville and the Doodlesville,” will offer a unique storytelling experience, showcasing the intersection of NFTs and entertainment.

Recent Developments in the NFT Space

Other notable developments in the NFT space include NounsDAO and chunks providing funding to crypto-native animation studio Atrium for the production of an animated movie, and Pudgy Penguins revealing plans to launch an open world for NFT holders. The use of intellectual property for content and production has become a popular trend among NFT projects.

Also of Note:

  • The NFT.NYC Conference held its sixth iteration this week.
  • A man is being paid to buy goats and name them after crypto influencers.
  • A DAO focused on rewarding users for their Reddit data went live.
  • Coachella quest launched on Avalanche, allowing users to earn rewards through the app.

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