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. It combines 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.
The Evening Standard, the fourth largest UK newspaper, joining the likes of TIME, GQ, and Playboy, 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. In fact, it adds support for Bitcoin NFTs. Traders can now buy and sell Ordinals, NFTs on the Bitcoin network directly through the Binance NFT platform. This change simplifies the process by letting users use their existing Binance accounts. Consequently, they no longer need a separate wallet.
Binance acknowledges Bitcoin’s popularity among NFT collectors and aims to tap into the growing market for Bitcoin NFTs. Despite recent network congestion causing temporary Bitcoin withdrawal pauses, Binance’s move aligns with the rising demand for Bitcoin NFT marketplaces. This development comes as the Ordinals ecosystem hits a milestone of over 3 million inscriptions, highlighting the strong 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. It 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.
