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/

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Auto-Erotic Sphinx with Toys
In this image, a giant sphinx spoons itself in erotic play within an aquatic styled environment littered by various denizens. These creatures include symbols and archetypes both current and nostalgic–each inhabiting a rootedness within mass cultural adolescence. Among the roster are Servbots, video game inspired mushrooms, a Pacman-like creature, a distant sea faring rubber duck, creatures sporting the symbols reminiscent of popular anime, and a Pokemon-like rabbit (a novel incarnation of Ganesha indicated by the Shiva trident on its nose). In addition, a few sea creatures partly inspired by sea monsters of western antiquity conglomerate along the mid left side of the composition. The Sphinx itself is an amalgam of aquatic, fetishist, ancient Egyptian, and 80’s style adornments, both living, as in a clown fish, or material, such as a cassette tape. Nautically colored antennae receive somatic signals from the atmosphere, perhaps from the 8 Ball moon or giant ringed planet beyond.
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"An ode to the year everything changed" - Frank Wilder The story of the underdog is a reoccurring theme throughout history, and perhaps the most famous example is that of David vs Goliath. A tale about perseverance, in which David takes on and defeats the giant warrior using only his smarts and a stone. Famously depicted by Michelangelo's David statue. Fast forward to the present day in 2020 and we as humanity are faced with our own Goliath. An uncontrollable pandemic spread around the globe. Now with the entire planet being affected by this we understand the gravity of the situation at hand, whether it be a virus we’re fighting or other forces at play, there is indeed an energy out to shift the balance of the Universe… Regardless of our differences, in this moment must unite as one. With diligence, trust and belief we as a whole can come together to triumph against "the enemy". Stay vigilant my friends. Original score created by the one and only Phoenix Wilder.
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