The study comes despite warnings about the risks associated with NFTs due to bad actors around correcting misinformation or misappropriation of trademarks.
The new token type claims to solve some of the drawbacks with ERC-404s, an experimental standard that launched last week – to such popularity that it’s already driven up congestion on the Ethereum blockchain.
ERC-404 allows multiple wallets to directly own a single NFT and, in the future, create a use case where that specific exposure can be tokenized and used to take out loans or stake holdings.
Even after a weeklong minting process marred by technical issues, the Quantum Cats digital images were going for more than $10,000 each on the NFT marketplace Magic Eden, on their first day of secondary trading.
Minting is live for the 1,000-run collection, whose additional perks will let holders get the most out of Consensus 2024 in Austin, Texas.
Ether prices are set to close the month just over 2% higher, while major NFT indexes have advanced almost 10%.
OKX says wallet support is coming first, with a marketplace to follow
Buyers of these Bitcoin ordinals can’t trade them for almost a year.
A wallet flagged as owned by Trump sent ETH to Coinbase in the past three weeks, where it was presumably sold.
Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were returned to their owners after Yuga Labs’ Greg Solano and Boring Security DAO paid a bounty.