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NFT DIGEST: King Charles NFTs, Binance Adds BTC NFTs, Barbie Virtual Collectibles, OpenSea Insider Trading

NFT DIGEST: King Charles NFTs, Binance Adds BTC NFTs, Barbie Virtual Collectibles, OpenSea Insider Trading
By Anja Prosch
Anja Prosch

3 Min

May 12, 2023

Evening Standard Unveils Exclusive NFT Collection for King Charles III's Coronation 

"The Oath" collection, a collaboration between the Evening Standard newspaper and artist Trevor Jones, pays homage to King Charles III and Queen Camilla's coronation through Ethereum-based NFTs. This limited collection serves as a bridge between tradition and modernity, combining historical moments with artistic expression in a digital format. To ensure accessibility, collectors can claim these NFTs either through Nifty Gateway or by scanning QR codes found in the newspaper and Oxford Street billboards. By utilizing Layer-2 protocols that reduce the environmental impact of NFT transactions, Trevor Jones aims to attract new collectors to the NFT art scene. With the Evening Standard, the fourth largest UK newspaper, joining the likes of TIME, GQ, and Playboy, it further highlights the newspaper's entry into the Web3 space. Recently, the King Charles NFT collection surpassed 20,000 mints, showcasing its popularity and resonance among enthusiasts. 

Binance to Add Bitcoin NFT Support to Marketplace, Streamlining Collecting Process

Binance, one of the leading cryptocurrency exchanges, has announced its plans to expand its NFT marketplace by adding support for Bitcoin NFTs. Traders will now have the opportunity to buy and sell Ordinals, which are NFTs created on the Bitcoin network, directly through the Binance NFT platform. This move aims to simplify the process for users by allowing them to make purchases using their existing Binance accounts, eliminating the need for a separate wallet. Binance recognizes Bitcoin's significance as a popular choice among NFT collectors and seeks to capitalize on the growing market for Bitcoin NFTs. Despite recent network congestion leading to temporary pauses in Bitcoin withdrawals, Binance's decision aligns with the increasing demand for marketplaces to embrace Bitcoin NFTs. This development comes as the Ordinals ecosystem reaches a notable milestone of over 3 million inscriptions, showcasing the thriving interest in Bitcoin-based NFTs. 

Mattel and Boss Beauties Unveil Virtual Collectibles Celebrating Barbie's Career Journey

Mattel, the creator of Barbie, has partnered with women-led Web3 brand Boss Beauties to launch a series of on-chain virtual collectibles celebrating Barbie's iconic career since her debut in 1959. The Boss Beauties x Barbie NFT collection showcases 250 career-themed NFTs in the distinctive style of Boss Beauties. Priced at $25 for a pack of four, the collectibles are available on Flow, the blockchain behind NBA Top Shot. With a focus on accessibility and onboarding, this collaboration aims to introduce Barbie fans to the Web3 world. The official launch is set for May 18 at Veecon, featuring exclusive perks and benefits for collectors. 

Former Opensea Executive Convicted of Insider Trading in Landmark NFT Case

The former head of product at OpenSea, Nathaniel Chastain, has been found guilty of wire fraud in the US Department of Justice's first-ever prosecution for insider trading of non-fungible tokens (NFTs). Chastain allegedly used his knowledge of which NFTs would be featured on OpenSea's marketplace to purchase digital assets in advance, selling them for profit when their prices soared due to demand. OpenSea's CEO initiated an investigation into Chastain's activities, resulting in his termination and subsequent legal charges. The conviction highlights the potential for fraudulent activities in the emerging NFT market and serves as a warning that the government will take action against those who exploit vulnerabilities for personal gain. Chastain is facing potential prison time when sentenced in August.