🧙‍♂️ Magic Eden Launches BTC NFT Marketplace

In the world of NFTs, the possibilities are endless, and Magic Eden is making a splash in the market

Author

Ordinal Hive
March 24, 2023

Good morning: Happy Friday, We Hope You Are Having An Amazing Week!!🔥

  • NFT Market - Nakamigos takes the top spot this week with 15 ETH in volume traded over the past 24 hrs.

  • Trending Collections [Floor Price - 5.45 ETH]

Today's edition:

  • 🧙‍♂️ Magic Eden Launches BTC NFT Marketplace

  • 📽️ MoonPay, Julie Pacino Bringing NFTs to the Big Screen

  • 🪟 Microsoft Takes A Wallet Turn: Set To Launch Crypto Wallet

  • 🏛️ NFTs: Not Free from Taxes

  • 🎼 Sony Levels Up With NFT Patent

  • 🪙 NFT Marketplaces Battle for BTC Ordinals Mindshare (Blockworks)

  • 🧑‍🎨 NFTs Are Empowering to Artists (CoinDesk)

  • 💰 Creators Behind Web3 Game Aavegotchi Raise $30M in Multiyear Token Sale (CoinDesk)

  • 📈 Floor Price for Trump NFTs Surge Amid Indictment News (Coindesk)

  • 👨‍⚖️ Judge Dismisses Lawsuit Over Ownership of $1.47 Million NFT (NYTimes)

  • 📃 OP3N raises $28M to build "WhatsApp meets Amazon" for web3 (TechCrunch)

  • 🏛️ Lindsay Lohan, Jake Paul Hit With SEC Charges Over Crypto Scheme (BBC)

  • 📃 Unstoppable Domains To Roll Out Web3 Messaging Service On Polygon (CoinDesk)

  • ✅ This Web3 Shooter Looks and Plays Like a AAA Game (Decrypt)

  • 🚓 Do Kwon: Fugitive Crypto Mogul Believed Caught In Montenegro (BBC)

  • 🤑 Coinbase Execs Weigh In On Crypto's Future (TechCrunch)

  • 💵 Metagame Receives Microsoft For Startups Benefits (Finance.Yahoo)

Magic Eden Launches BTC NFT Marketplace

In the world of NFTs, the possibilities are endless, and Magic Eden is making a splash in the market with the launch of Ordinals, a new Bitcoin NFT marketplace.

Here are the quick facts:

  • Magic Eden has launched a new NFT marketplace focused on Bitcoin-based digital assets.

  • The platform aims to offer unique and rare digital assets that are not readily available in other marketplaces.

  • Bitcoin NFTs, aka Ordinals, has had an influx of prominent NFT artists and creators come in and offer exclusive, limited edition NFTs.

With the launch of this new BTC-based NFT marketplace, Magic Eden is offering a fresh and exciting approach to the Bitcoin NFT ecosystem. We can't wait to see what rare and unique digital assets will be up for grabs.

MoonPay, Julie Pacino Bringing NFTs to the Big Screen

MoonPay, a cryptocurrency payment provider, has teamed up with filmmaker Julie Pacino to produce an NFT-powered movie, exploring the intersection of film and blockchain technology.

Here are the quick facts:

  • The movie will be available exclusively on the blockchain as an NFT, with token holders able to access unique content and experiences related to the film.

  • The partnership aims to explore new business models for the film industry, while also showcasing the potential of NFTs in the entertainment sector.

  • Julie Pacino is a film producer and director, as well as the daughter of legendary actor Al Pacino.

So, get ready to experience a new kind of cinema with this innovative project, where blockchain and film collide in an exciting way!

Microsoft Takes A Wallet Turn: Set To Launch Crypto Wallet

Hold onto your hats, folks - it looks like Microsoft is about to dive headfirst into the crypto space! According to a recent report, the tech giant is currently developing an Ethereum wallet, signaling its interest in not only crypto, but also non-fungible tokens (NFTs).

Here are the quick facts:

  • Microsoft is reportedly working on a new Ethereum wallet.

  • The company's interest in crypto and NFTs has been growing.

  • The move is seen as a significant step forward for mainstream adoption of crypto and blockchain technology.

With big tech companies like Microsoft getting involved in crypto and NFTs, it's only a matter of time before the industry becomes more widely accepted and accessible to the general public. Who knows? Maybe we'll soon be using our Microsoft wallets to buy and trade digital collectibles!

NFTs: Not Free from Taxes

Its seems that the IRS is looking to get its grubby hands on our precious digital collectibles! Yes, you heard that right, the taxman wants a slice of the pie and they are asking you, for your input on the matter.

Here are the quick facts:

  • The IRS wants to treat NFTs like other collectibles, such as crypto, stamps and even fine wine, which means that any profits made from selling them could be subject to capital gains tax.

  • The tax agency is concerned that people may not be reporting their NFT sales accurately, so they are trying to get ahead of the game.

  • This move could have significant implications for artists, who have been using NFTs as a new revenue stream. It may also discourage people from buying and selling NFTs in the future.

  • The IRS has called for feedback from the U.S. public on how NFTs could be taxed as collectibles.

Now, I know taxes can be a buzzkill, but let's try to look on the bright side. Maybe this will give us an excuse to buy even more NFTs to offset our tax bills! And who knows, maybe one day we'll be able to pay our taxes with NFTs! Keep collecting, my friend!

Sony Levels Up With NFT Patent

Sony, the tech giant responsible for bringing you both the PlayStation and numerous earworm-worthy jingles, has filed a patent for a new system that involves non-fungible tokens, or NFTs.

Here are the quick facts: 

  • The patent describes a way for users to transfer ownership of NFTs using a 'blockchain ledger.'

  • It also outlines methods for users to buy and sell NFTs using cryptocurrency.

  • Sony is not the first company to explore NFTs.

  • The potential applications for gaming and digital entertainment are exciting.

So, gamers, get readt to add some digital treasures to your collection with Sony's new NFT system. Buying a one-of-a-kind virtual Kratos figurine for a cool million dollars doesn't seem too far fetch of an idea in the future.

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