NFT news | Bitcoin NFT ecosystem is constantly in turmoil; what does a game that raises $33 million look like?

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Hello everyone, welcome to the 6th issue of BlockBeats BlockBeats "NFT News"!

Is the Bitcoin NFT ecosystem experiencing one wave after another?

Rolling Stone mocks NFTs? Takashi Murakami says "goodbye" to NFT?

With $33 million in funding, what will Proof of Play’s first game look like?

OpenSea is in trouble again, "unlimited casting" causing the project to be relaunched?

Readers, let’s review the latest NFT news last week!

Is the Bitcoin NFT ecosystem experiencing one wave after another?

On September 20, the community of the Bitcoin NFT protocol Ordinals started a heated debate because of the idea of ​​"the inscription number is permanently unstable" proposed by the founder of the protocol, Casey Rodarmor. (Recommended reading: Ordinals "Inscription Number" renews the debate over variability: retain culture, or develop technology? )

A major feature of the Ordinals protocol that allows Bitcoin NFTs is the "inscription number". The inscription number is the number assigned to the inscription in the order in which the inscription is created. The number of the creation inscription is #0. With the rapid development of the Ordinals protocol, the inscription number gives Bitcoin NFT a unique hype narrative that is different from other chain NFTs. For example, "Sub 10K" is the first 10,000 inscriptions burned since the birth of the Ordinals protocol.

The emergence of "Curse Inscription" breaks the orderly growth of inscription numbers assigned according to the order in which the inscriptions are created. If the number of "Curse Inscription" is changed from the current negative value to a positive value, it will inevitably disrupt the current positive inscription number. order. What's more, Casey seems to have a tendency to downplay the importance of inscription numbers.

As a unique narrative of Bitcoin NFT, the inscription number is loved by a large number of Ordinals players. This is not only a unique "hype point" compared to other chain NFTs, but the concept of "the inscription number represents history" is also deeply rooted in the hearts of many players. . As a result, the discussion of "the inscription number is permanently unstable" was raised to the level of "culture" vs. "technology"...

When the smoke of this controversy had not yet cleared, Casey was charged with a very serious accusation - instigating "poisoning"...

The term "poisoning" originated from the Chinese speaking circle. @xiaoqianbao summed it up well:

This kind of behavior is purely harmful to others and not beneficial to oneself, and it happens to happen at the critical time point when BRC-20 Token $SATS takes more than half a year to complete all Mint, so this behavior is called "poisoning". Casey tweeted this on September 23:

Because Casey has a special identity as the founder of the Ordinals protocol, and he himself has never liked BRC-20, and believes that BRC-20 is not the correct development direction for Ordinals, the meaning of his tweet is infinitely amplified. ——What he said was just a fact, but it was really interpreted as the voice of Casey "calling for poisoning"...

Okay, so next, will the battle between Ordinals "Fundamentals" VS "BRC New Trend" start again...

"Rolling Stone" magazine mocks NFT? Takashi Murakami says "goodbye" to NFT?

On September 20, "Rolling Stone" magazine published this article titled "Your NFT actually has no value at all, it is finally proven."

This article almost completely quotes dappGambl’s latest research report on NFT. We can almost regard it as an article without any tendency towards NFT - if we don’t see the author calling BAYC an “ugly cartoon monkey”...

Although we are used to facing bears in bear markets, it is quite ironic that the bear this time is "Rolling Stone"... Because in June last year, "Rolling Stone" magazine also cooperated with BAYC to launch two joint NFTs. At that time, The auctions were completed with 40,101 APE (approximately US$180,000) and 19,696.969 APE (approximately US$86,000) respectively.

Can we say that the "Rolling Stones" got an advantage and behaved well? Because in contrast, Murakami only lamented mildly, "NFT is going downhill."

This famous Japanese contemporary artist collaborated with RTFKT to release Clone X, which is still the leader in 3D PFP, in December 2021, and released "Murakami.Flowers" in May 2022. Recently, he held a new solo exhibition at the Asian Art Museum in San Francisco, and these two NFT projects were also displayed in this new solo exhibition.

Murakami accepted an interview with the "Guardian" and said that "he may not issue new NFTs." But he later added that expanding NFT into the field of fine arts is his current goal. He remains hopeful that, over time, NFTs will become an art movement beyond pop art.

With $33 million in funding, what will Proof of Play’s first game look like?

On September 21, on-chain game studio Proof of Play announced the completion of a US$33 million seed round of financing, with a16z and Greenoaks co-leading the investment.

Pirate Nation is the first game released by Proof of Play. This is a completely on-chain RPG game. The main game content is to be a pirate and raise your own pirate team, explore the sea areas around the island, complete various tasks to obtain loot, and build your own island.

At the same time as the Proof of Play financing information was announced, Pirate Nation was also announced to switch to a Free To Play game and launch a managed wallet function (use email to log in directly).

Currently, you need an activation code to play Pirate Nation, or have Founder's Pirates NFT, or you can join the waiting queue and wait... But before waiting, what we can do is to claim the benefits first. For how to claim, please see below The "Weekly Project Preview" section.

I plan to write a more detailed experience report on this project to share with you, so I won’t spend too much space here to continue discussing it with you.

OpenSea is in trouble again, "unlimited casting" causing the project to be relaunched?

On September 22, BlockGames had issues launching on OpenSea's Launchpad. OpenSea admitted its mistake. It was a problem with the logic of the whitelist that allowed specific wallet addresses to be "unlimited minted." According to BlockGames CEO @benbaltram , there was a problem with the OpenSea front-end when submitting the whitelist address, which led to this serious error.

OpenSea actually has nothing to say. It feels like it has been out of shape for a long time. It is worth mentioning that BlockGames' textbook-level crisis public relations pulled them back from a dangerous situation where their lives were hanging by a thread. After the incident happened, they closed the Discord chat to prevent the spread of panic, then quickly issued an announcement and held an AMA to explain the situation clearly to the community. At the same time, they cooperated with the trading market to quickly stop trading in the secondary market to avoid more losses. Finally, they guaranteed to compensate for the losses. Casters who paid gas fees and buyers who purchased on the secondary market before the news came out announced the casting delay.

If you open the God's perspective, you will feel that this process is very simple, shouldn't it be done like this? In fact, it is not easy to do well when you are in a panic. If you do not do well in crisis public relations, you will really die. Even if it is like the situation BlockGames encountered this time, the problem is not even caused by them...

Weekly project preview

New project information worthy of attention this week include:

Pirate Nation - Mystery Chest

This is a free Open Edition benefit officially released by Pirate Nation. I don’t know what the specific game props are or when they can be opened. But considering that Proof of Play just raised $33 million in financing, and this thing is free, I don’t think anyone will Don't take it...

Give everyone the portal directly.

BlockGames

He is also the protagonist of the incident mentioned above. Game NFT should be the most popular type of NFT recently. BlockGames will be lucky if it survives a disaster, and it is also a Free Mint. I have seen it during the public sale stage and can I still pick it up...

The new casting plan starts at 0:00 am on September 27th, Beijing time.

Fewos

I have already written a detailed introduction article about Fewos (recommended reading: After 17 months, the top NFT artist’s PFP project is finally on sale ), here is a brief summary:

Highlights:

- Artistic Guarantee produced by FEWOCiOUS

- ERC-6551

shortcoming:

- FEWOCiOUS’s sexual assault scandal doesn’t seem to be fully resolved

- Who are 20,000 PFPs going to be sold to in today’s market?

Conclusion

This is the sixth issue of BlockBeats“NFT News”. What happened this week gave me a sense of overlap between the NFT market and the real world:

Some places are in turmoil and even fighting - is the Bitcoin NFT ecology one wave after another?

Some people laugh at it, and some people leave it. Will the world be okay? Rolling Stone magazine mocks NFT? Takashi Murakami says "goodbye" to NFT?

But if you still insist on staying here, optimistic things will always happen - with $33 million in financing, what will Proof of Play's first game look like?

Of course, when we are immersed in pessimism and optimism about the grandness of the world, the world will also bring out some small accidents to pull you away, and then scratch your head - OpenSea is in trouble again, and "unlimited casting" leads to Project relaunch?

Let us look forward to what new NFT news will happen in the new week!

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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