Weekly Update: Bitcoin’s surge in NFT sales, Solana’s integration of ChatGPT, & RFK Jr. On Bitcoin 📰
This week in Velvet’s Web3 Round-Up: Bitcoin’s surge in NFT sales, Solana’s integration of ChatGPT, and much more. We’ve handpicked articles that capture the essence of the ever-evolving Web3 landscape, covering topics such as AI’s impact on crypto, the expansion of L2s, and the future of digital assets. So sit back, grab a cup of coffee, and dive into the fascinating world of Web3 with us!
· Tokenization of publicly traded securities in the US has surpassed a market capitalization of $200M.
· The International Organization of Securities Commissions (IOSCO) has recently proposed global standards for the crypto industry.
· Developer Salvatore Leggiero has recently announced plans to construct the world’s first-ever Bitcoin Tower in Dubai.
· US presidential candidate Robert F. Kennedy Jr. announced he would accept campaign donations in Bitcoin. Watch the video
· Binance is experimenting with BRC-20, a token standard that enables minting and transferring tokens with the Ordinals protocol.
· Brave has integrated a new feature into its video service which would allow NFT-gated video calls for users.
· Crypto app STEPN integrates with Apple Pay.
· Ripple wants to utilize CBDCs for DeFi
· BitDAO approves rebranding and token swap.
Congressman Tom Emmer has recently introduced a new bill called the Securities Clarity Act, specifically aimed at providing much-needed regulatory clarity for digital assets and blockchain technology. The proposed legislation seeks to make a clear distinction between securities laws and the underlying technology by treating digital tokens as separate entities. This is imperative as stakeholders call for regulatory clarity for crypto assets.
NFT lending platform Blend has recently experienced a significant surge in popularity, surpassing 100,000 ETH in total volume. This platform enables users to lend and borrow NFTs for a range of purposes, such as trading, gaming, and even virtual real estate. The remarkable growth of Blend highlights the increasing interest in NFTs and their potential applications within the DeFi sector. As the world of NFTs continues to expand and evolve, we can expect to see more innovative use cases and opportunities in this exciting digital asset space.
The potential impact of artificial intelligence on the cryptocurrency market has been a topic of much discussion, with many experts suggesting that AI could indeed be complimentary for crypto. The integration of AI into the world of cryptocurrency trading can lead to more efficient algorithms, enhanced risk management, and improved decision-making processes. Furthermore, AI-powered blockchain applications have the potential to unlock new opportunities within the DeFi sector, as well as improve data privacy and security. As AI technology continues to evolve and advance, it is expected to drive further growth and innovation in both the cryptocurrency and blockchain industries.
In a surprising turn of events, Bitcoin has recently surged to second place in NFT sales, posing a challenge to Ethereum’s long-standing dominance in the NFT market. This growth in Bitcoin’s NFT presence can be attributed to the rising popularity of tokenized Bitcoin and the ongoing expansion of L2 solutions. The increasing interest in Bitcoin-based NFTs signifies a notable shift in the market dynamics and underscores the competition between the two leading blockchains in the fast-evolving NFT landscape. As both Bitcoin and Ethereum continue to compete for dominance, we can expect to see more innovation and development within the NFT space.
Solana has recently launched a ChatGPT plugin, aiming to revolutionize the way developers build chatbots and other conversational applications on its network. ChatGPT has the potential to greatly enhance the user experience of dApps on the Solana blockchain. By integrating ChatGPT, Solana is encouraging more innovative and user-friendly dApps on its platform, ultimately improving the overall user experience. As the integration of AI technologies like ChatGPT into the blockchain ecosystem continues to grow, we can expect an even more vibrant and dynamic landscape for dApps and other blockchain-based applications.
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