NFT Market Thrives as Binance Steps Back from Bitcoin Digital Art
Binance drops Bitcoin NFTs as market sales hit $394M high
The crypto exchange Binance has halted its involvement with Bitcoin-based NFTs. Users must transfer their assets out of the exchange by April 4.
Despite this, the Bitcoin NFT market remains active, with a considerable $394 million in sales last month alone, ranking it as a top platform for NFT exchanges.
A Franklin Templeton Digital Assets study underscores the sustained interest in Bitcoin ordinals, contributing to Bitcoin's vitality.
The famous Wu-Tang Clan member Ghostface Killah is getting into the game, announcing his own ordinals mint slated for April 11, reflecting the growing trend of musicians engaging with digital assets.
Doodles, an NFT-centric company, is creating a movie featuring Pharrell Williams, Lil Wayne, and Coi Leray, promising a unique storytelling experience this summer.
This move follows a trend of NFT projects branching into media using their original content, showcasing the expanding role of NFTs in entertainment.
Other NFT projects are also diving into content creation.
NounsDAO and chunks are backing an animated movie series, while Pudgy Penguins is launching an interactive online world for its community, broadening the scope of digital collectibles into the realm of virtual experiences.
