Bitcoin NFTs led to a surge in non-zero addresses in the network, while Ethereum-based NFTs lost 60 percent of their market cap. Check out all that and more in this week’s Nifty Newsletter!
) non-zero addresses surged because of Bitcoin NFTs. And don’t forget this week’s Nifty News, featuring American socialite Paris Hilton launching a dating metaverse called Parisland.The Centre Pompidou, the leading modern art museum in Paris, France, announced a permanent exhibition of NFTs. The museum will showcase NFTs from various global digital artists, including CryptoPunk #110 and Autoglyph #25.
According to Xavier Rey, director of the French National Museum of Modern Art, the center is pursuing its interest in digital art in connection with blockchain. Rey pointed out that the collection reaffirms their support for artists in “their conquest of new means of expression.
However, the Yuga Labs team seems to be unfazed by the efforts. In a mainstream media interview, a spokesperson from Yuga Labs said that the filing is simply an attempt to “distract” from the real issue.NFTs have not been immune to the effects of the crypto winter of 2022. A report from DappRadar surveyed 81 NFT collections based on the Ethereum network and showed a steep decline in overall market capitalization in 2022.
While the NFT market in Ethereum was worth $9.3 billion at the start of the year, data suggests that the valuation dropped to $3.7 billion by the end of 2022. According to the report, the market capitalization may be influenced by the declining value of Ether (
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