Yuga Labs Bitcoin NFT auction generates $16.5 million in 24 hours as Galaxy Digital predicts the BTC NFT market to reach $4.5 billion in 2025. All that and more in this week’s Nifty Newsletter!
earned $16.5 million in 24 hours, and how the Bitcoin NFT market can reach $4.5 billion by 2025. Check out how Binance’s artificial intelligence NFT generator got 10,000 mints 2.5 hours after its launch, and find out how the Flare blockchain got its own NFT marketplace. And don’t forget this week’s Nifty News, featuring Square Enix’s NFT-friendly CEO stepping down.In the first 24 hours of Yuga Labs’ NFT auction on Bitcoin Ordinals, the firm earned 735 Bitcoin — around $16.
The report pointed out that the $4.5 billion estimate was due to the “rapid development” of inscription awareness, and the existing marketplace and wallet infrastructure.Crypto exchange Binance’s NFT generator powered by artificial intelligence hit 10,000 mints in just 2.5 hours after its beta launch. Dubbed “Bicasso,” the AI can turn creative visions into NFTs, according to Binance CEO Changpeng Zhao.
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