👟 Step Up Your Style Game With ALTS By Adidas NFT Collection

Adidas has launched a new NFT collection, ALTS by Adidas, as part of its Into The Metaverse ecosystem.

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Ordinal Hive
April 13, 2023

Good morning: Good Day Frens!!!

  • NFT Market - Outlaws takes the top spot this week with over 29 ETH in volume traded these past 24 hours. Sunflower and Just a basic Profile Picture come 2nd and 3rd.

  • Trending Collections

Today's edition:

  • 📈 Bitcoin Ordinals Surpasses 1 Million Inscriptions

  • 👟 Step Up Your Style Game With ALTS By Adidas NFT Collection

  • 🏎️ Revving up for the Future: The Fast and the Furious Co-Writer Enters Web3

  • 💧 Reddit's Gen 3 NFT Drop: From Aliens to Ocean Levels, A Journey To The Future

  • 🧑‍💻 South Korean Crypto Exchange GDAC Hacked, Losing $13M In Crypto

  • ⚒️ Crypto Miner Core Scientific Appoints A New President (CoinDesk)

  • 🪙 If You Invested $1K In Trump NFTs, Here Is How Much You'll Have (Benzinga)

  • 🎸 Rolling Stones Shy Away From Using The Term "NFTs" In New Project (TheStreet)

  • 🖥️ Gaming Hardware Giant Razer Launches Web3 Incubator (Decrypt)

  • 📈 Building Early-Stage Ventures In Web3 (CoinDesk)

  • 📃 Globa Brand Entering Web3? (Blockworks)

  • 🤡 Warren Buffet Calls Bitcoin A "Gambling Token" (CoinDesk)

  • 🪙 Bankrupt Crypto Exchange FTX Has Recovered $7.3B In Assets (Reuters)

  • ✅ Reddit Keeps Upvoting NFTs, Drops Third-Generation Collection (CoinDesk)

Bitcoin Ordinals Surpasses 1 Million Inscriptions

Bitcoin Ordinals which allows users to inscribe digital assets on satoshis (sats), the smallest Bitcoin denomination, has recorded over 1.05 million inscriptions within three months of its launch. 

Here are the quick facts:

  • The inscriptions are similar to non-fungible tokens (NFTs) and can include images, videos, text, and video games. 

  • Over 1.05 million inscriptions have been recorded in Bitcoin Ordinals since its launch.

  • The protocaal relies on Bitcoin's Segwit and Taproot upgrades to enhance the blockchain's smart contract functionalities.

  • Interest in Bitcoin Ordinals has been increasing, with Bugatti partnering to launch a Bitcoin-native NFT collection.

It will be interesting to see how the adoption of Bitcoin Ordinals evilves and how it may shape the use of NFTs on the Bitcoin network. 

Step Up Your Style Game With ALTS By Adidas NFT Collection

Adidas has launched a new NFT collection, ALTS by Adidas, as part of its Into The Metaverse ecosystem. 

Here are the quick facts:

  • Adidas has released its Chapter 1 ALTS collection.

  • Holders of NFTs from the previous two phases of the Into The Metaverse collection can burn their NFTs to receive a new NFT from the ALTS by Adidas collection, which offers different "ALT[er] egos" and interactive storylines.

  • Adidas has previously released other NFT collections and partnered with Prada on a Polygon-based NFT collection.

  • The Into The Metaverse collection has a floor price of $1,000 and the ALTS by Adidas collection has a floor price of $1,100.

  • Adidas continues to be one of the top brands in the NFT space.

Adidas' continued expansion into the NFT space shows its committment to exploring new frontiers in the digital realm, providing opportunities for fans to engage with their favorite brand in innovative ways. 

Revving Up For The Future: The Fast And The Furious Co-Writer Enters Web3

In a truly "fast and furious" move, co-writer of the famous movie franchise, David Ayer, is entering the web3 space by collaborating with NFT platform Feature.io to launch a new racing game experience called "Lollipop". The game will feature digital collectibles and will be build on Unreal Engine 5 and powered by Polygon blockchain. 

Here are the quick facts:

  • David Ayer is teaming up with NFT platform Feature.io to launch "Lollipop".

  • The game will blend episodic streaming, gaming, and sports.

  • It will feature digital collectibles instead of NFTs.

  • The game will be built on Unreal Engine 5 and powered by Polygon blockchain.

  • Polygon's president, Ryan Wyatt, calls the collaboration a "truly pioneering" move in the future of storytelling.

We can look forward to seeing how this unique blend of media will play out in "Lollipop" and if it will live up to the hype. 

Reddit's Gen 3 NFT Drop: From Aliens To Oceans Levels, A Journey To The Future

Reddit is taking over the NFT world with its Gen 3 drop, featuring over 100 artists and a futuristic theme. The project has been praised for its artist-ecentric approach and user-friendly platform. However, some worry that the influx of artists could lead to an oversaturation of quantity and dilute the commercial value of the collection. 

Here are the quick facts:

  • Reddit's Gen 3 NFT collection features over 100 artists and a futuristic theme.

  • The project has been praised for its artist-centric approach and user-friendly platform.

  • More than 10.6 million Reddit avatars have been minted to date, with a total market cap value of ~$75M.

  • Some worry that the influx of artists could lead to an oversaturation of quantity and dilute the commercial value of the collection.

  • Despite this, the collection is highly anticipated and is expected to attract a wider base of collectors.

Get ready to add some futuristic NFTs to your collection. 

South Korean Crypto Exchange GDAC Hacked, Losing $13M In Crypto

South Korean crypto exchange GDAC lost roughly $13 million in a recent hack, with the hackers targeting the exchange's hot wallet. The stolen assets represent roughly 23% of GDAC's total, holdings, including Bitcoin, Ethereum, WEMIX tokens, and USDT stablecoins. GDAC is collaborating with both domestic and foreign crypto exchanges and issuers to prevent the stolen coins from being laundered and to recover them. 

Here are the quick facts: 

  • Hackers stole $13 million across various cryptocurrencies from South Korean crypto exchange GDAC's hot wallet.

  • The stolen assets represent roughly 23% of GDAC's total holdings, including Bitcoin, ETH, WEMIX tokens, and USDT stablecoins.

  • Crypto exchanges use hot wallets for immediate withdrawals and trading activities, which come with security risks.

  • GDAC has informed relevant authorities and is collaborating with other exchanges to prevent stolen coins from being laundered and recover them.

  • Cryptocurrency theft surged last year, with a staggering $3.8 billion worth of assets stolen, with state-backed North Korean hackers believed to be among the most active.

Crypto exchanges and users must be viligant in securing their funds, and measures like collaboration between exchanges can help prevent stolen assets from being laundered. 

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