05/04/2024 Binance Stops Support for Bitcoin NFTs Citing 'Streamlining' of Offered Products

Users have been prompted to withdraw Bitcoin NFTs from Binance by May 18.

Binance (Nikhilesh De/CoinDesk)

Binance (Nikhilesh De/CoinDesk)

Cryptocurrency exchange Binance will cease support for Bitcoin-based non-fungible tokens (NFTs) as it undergoes a process to "streamline" its product offerings.

"Users are advised to withdraw their Bitcoin NFTs from the Binance NFT Marketplace" before May 18, Binance wrote in ablog post.

It added that users will not be eligible for future airdrops related to NFTs hosted on the Bitcoin network.

Despite a resurgence at the tail end of last year, several metrics, including the amount of unique buyers and trading volume in USD have slumped to multi-year lows, data fromnon-fungible.com shows.

Bitcoin NFTs are generated through a method called inscriptions, which inscribes references to digital art into small Bitcoin-based transactions.

In December, Bitcoin NFTs caused widespread network congestion, something that "exposed a vulnerability" in the network, according to Luke Dashjr, a Bitcoin Core developer.

The interest in Bitcoin NFTs has since waned. Still, investment continues to pour into the sector, with Bitcoin Ordinals wallet Oyl raising$3 million last month from the likes of Arthur Hayes and and BRC-20 creator Domo.

Arts

https://www.coindesk.com/business/2024/04/04/binance-stops-support-for-bitcoin-nfts-citing-streamlining-of-offered-products/amp/

Interesting NFTs
Reflection
#XCOPY #GIF #screen #time #mirror
Poem by Funya no Asayasu, court pages in boat trying to keep it steady in the wind as they harvest lotus leaves, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse
Katsushika Hokusai (1760-1849) Poem by Funya no Asayasu, court pages in boat trying to keep it steady in the wind as they harvest lotus leaves, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse late 1830s - Japan
"I guess I am a game changer" - A portrait of Brittney Griner
Brittney Griner is a record breaking WNBA player, an Olympic Gold Medalist, a queer trailblazer in professional sports. Currently she's being detained in Russia amid a geopolitical crisis.. "I guess I am a game changer" is a quote from an interview from 2013 ("My ink") beautifully summarizing who she is. This portrait is an expression of gratitude for -- besides being an amazing Basketball player -- showing us how to be comfortable in one's skin, and what we can achieve if we are. It is also a prayer for strength, things to resolve and Brittney Griner returning to her family. I painted the portrait digitally in Photoshop with pen & tablet. The background is a collage of different elements from the archives I montaged in Photoshop. It creates a mesh of pictures of the two cities she plays for - Phoenix & Ekaterinburg - picking up elements of her ink (plants, lion) and a blueprint of an basketball court to tie everything together.*
Christmas Sleigh
First Christmas-themed Visual Toy. For this work the artist has created a fantastic sleigh, ornamented in detail and with all the Christmas spirit that transports us to childhood, illusion, innocence. With its gift wrapping machinery, its Santa, a snow globe, the nutcracker, the European-style village and its soundtrack (first time with music) it is a whole Christmas mosaic for the imagination.
ˈSÄ-V(Ə-)RƏN-TĒ
"I'm not smart enough to be an astronaut." That is what 7 year old Rayden told Micah the first time they met. How can a 7-year-old already feel limitations on his dreams? For centuries, the black community has been the target of a system designed to limit their power, their earning potential, their dreams. Now is your opportunity to help destroy the system. For the next 11 years, on each brother's birthday, (Rayden, Aug. 10/ Jacque Nov. 6), you the viewer, will be able to directly contribute Bitcoin to a wallet that will be given to each child upon turning 18. In what is one of the most powerful use cases for Bitcoin, 100% of your contributions and earnings will open all new doors for these special young men.