Following Bitcoin’s all-time high this week, the ordinal inscriptions have gone into a trading frenzy.
Ordinals was launched on Bitcoin in January last year. They allow NFTs to be created directly on Bitcoin’s blockchain by linking images, videos, memes, and other forms of artwork to individual satoshis – Bitcoin’s smallest divisible unit.
Sales volume on Bitcoin ordinals increased by 25.43% over the past week, reaching a trading volume of almost $173 million and a NodeMonke ordinal sold for over $1 million.
Read more: Bitcoin returned to a record high (almost) faster than ever
But not everyone has benefited from the renewed interest in NFTs. Pandora, the team behind the experimental ERC-404 token standard, has seen its token drop dramatically in popularity.
Sales volume for Pandora tokens has fallen by 44% over the past week, and the price of the token has also fallen by 7.6%.
Binance sparks outrage with a perfume marketing stunt
“There are still not enough women in crypto.”
Although Binance’s suggestion that there are not enough women in crypto is correct, the approach to the supposed restructuring has led to much outrage.
To bridge the gender gap, the centralized exchange’s solution was to launch a new fragrance line called CRYPTO.
Read more: Crypto marketing should not be a circus
This, evidently, met women in the space, including Arianna Simpson, a General Partner at a16z, who called the marketing stunt “the dumbest thing I’ve ever seen.”
One interesting statistic:
- With the election approaching, the President Biden-themed Jeo Boden token soared 1,400% on Wednesday after US voters went to the polls, according to CoinMarketCap.
Also important:
- Popular music festival Coachella will allow fans to purchase NFTs for VIP areas after an initial FTX integration debacle.
- An unknown buyer spent $16 million on a CryptoPunk, sparking excitement around the return of a bull market.
