Bitcoin Network Activity Sees Uptick Amid Ordinals Protocol Popularity: Report
Network activity on the Bitcoin blockchain has hit a level not seen since China banned crypto miners in May 2021, according to data from CryptoQuant. The uptick stems from the popularity of the Ordinals protocol, which allows NFTs to be stored on Bitcoin. Okcoin Chief Operating Officer Jason Lau reacts to the report.
Hermès Wins Lawsuit Against 'MetaBirkin' Artist: What Does This Mean for the NFT Market?
French luxury brand Hermès won a landmark trademark lawsuit against "Metabirkin" NFT artist Mason Rothschild. Enclave Markets General Counsel Olta Andoni weighs in on the outcome and compares the trademark dispute to Andy Warhol's Campbell's Soup Cans artwork, noting "there's a lot more artistic relevance there."
Legal Expert on Future of NFT Trademark Law
A Manhattan federal jury concluded that non-fungible token (NFT) artist Mason Rothschild's "Metabirkin" NFT collection violated Hermès' trademark rights. "Just because you are creating digital art doesn't mean no consumer protections are applicable," Enclave Markets General Counsel and Chief Compliance Officer Olta Andoni said.
NFL Rivals Game Adds QBs Hurts, Mahomes to NFT Lineup Ahead of Super Bowl
Web3 gaming studio Mythical Games is capitalizing on the rivalry between the Philadelphia Eagles and Kansas City Chiefs by rolling out 22 new NFTs of players from the football teams in time for the championship game.
Hermès Wins Trademark Lawsuit Against MetaBirkins NFTs, Setting Powerful Precedent for NFT Creators
The verdict ends a year-long battle between the French luxury house and NFT artist Mason Rothschild over his MetaBirkin NFT collection.
Fan Token Project Chiliz Rolls Out Layer 1 Blockchain; Token Surges 20%
The EVM-Compatible blockchain will allow token holders to stake (delegate) their tokens to receive rewards.
We're Experimenting With What Is Possible for Bitcoin: Luxor Technologies CEO
Independent developer Udi Wertheimer claims he minted a giant image of what appears to be a bald, bearded wizard donning sunglasses and promoting “magic internet JPEGs” on the Bitcoin blockchain via the Ordinals protocol. The block that minted the non-fungible token (NFT) was mined by bitcoin mining firm Luxor Technologies, which said it was “the largest Bitcoin block” ever mined. Luxor Technologies CEO Nick Hansen joins the conversation. Plus, insights into the bitcoin mining services firm starting the industry's first unified marketplace for new mining machines so buyers and sellers can directly connect through a request-for-quote system.
NFT Market Share Battle Ramps Up Between OpenSea and Blur
A side-by-side comparison of the two NFT marketplaces using Nansen data suggests that while Blur has seen rapid growth in volumes, it is still lagging behind OpenSea in terms of number of sales and interacting wallets.
Yuga Labs Reaches Settlement With Ryder Ripps Collaborator in Bored Ape NFTs Trademark Lawsuit
Yuga Labs, the parent company of the Bored Ape Yacht Club NFT project, has reached a settlement with Thomas Lehman, who built websites and smart contracts for Ryder Ripp's copycat project "RR/BAYC." Leichtman Law PLLC Managing Partner David Leichtman discusses the details of the settlement, sharing insights into the trademark and copyright considerations for digital collectibles. Plus, his take on the Hermès vs. MetaBirkin trial.
Bitcoin Network's Block Size Outlook
New Fundstrat data shows Bitcoin's mean block size has increased since the Ordinals protocol, which allows for NFTs to be stored on Bitcoin's blockchain, started to gain traction towards the end of January. Separately, the Bitcoin Lightning Network has reached an all-time high in terms of capacity, or the amount of bitcoin locked in payment channels, according to The Block. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.