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
#53324
By OthersideDeployer
Smile to Shreds, Neon Gwen
The First KayPikeFashion Mint Ever. Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off. I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material. This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.
Fanta
Ciao! I'm Fanta. I've never told anyone this, but I once pranced with a dog. When my owner isn't watching, I steal their silk scarves and use them for litter paper. I'm not sorry. Will you be the soy sauce to my marmalade?
Cypher::Prophet
Cypher::Prophet is an artwork dedicated to the punk origins of blockchain designed and realized by hackatao and hex6c. In the transposition into images we started from the iconographic canons of the hacker (hoodie, laptop, cryptographic elements) and associated them with the figure of the prophet, thus highlighting the predictive nature of the works of Eric Hughes (Cypherpunk Manifesto, 1988) and Timothy C. May (Crypto Anarchist Manifesto, 1993) as well as of the blockchain inventors Stuart Haber and Scott Stornetta (How to Time-Stamp a Digital Document, The Journal of Cryptography, 1991). Read the full story on https://medium.com/@hex6c/cypher-prophet-the-punk-origins-of-blockchain-1e8fce311e72
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