In this week’s newsletter, OKX doubles down on Bitcoin-based nonfungible tokens (NFTs), community members send tips to the Bitwise exchange-traded fund (ETF) wallet, and Cristiano Ronaldo trains with holders of his NFTs. In other news, find out how the 90s first-person shooter (FPS) game Doom made its way into Dogecoin and how OpenSea is “open-minded” to a potential acquisition.
‘No such thing as spam’ — OKX exec on Bitcoin Ordinals
While some are against Bitcoin Ordinals, calling the protocol spam, crypto exchange OKX is taking a different stance. The exchange doubled down on Bitcoin NFTs by announcing that it would support Atomicals and Runes in its marketplace. It will also support Doginals, which is Ordinals on Dogecoin.
In a statement to Cointelegraph, Lau said that in permissionless networks like Bitcoin, all transactions are valid as long as they pay fees and conform to consensus rules. The executive argued that “there is no such thing as spam” in open networks like BTC.
Bitwise Bitcoin ETF wallet attracts inscriptions and rare sats donations
Asset manager Bitwise made their spot Bitcoin (BTC) ETF wallet address public on Jan. 24 to allow the public to verify their ETF’s holdings and flows directly on the blockchain.
Within hours of being publicly available, the wallet received many tips and donations from the crypto community. This included over 16,000 inscriptions worth about $6,000. The inscriptions included two RSIC airdrops, a Bitcoin Punk, one Bitcoin Burials and more.
Cristiano Ronaldo kicks it with NFT holders as court challenges loom
In a Binance-sponsored training event, football superstar Cristiano Ronaldo delivered on some promises to holders of his NFTs. The athlete played football with several NFT holders, giving them tips on how to improve their game.
Ronaldo signed a multiyear partnership with Binance NFTs in 2022 and promised to provide fan engagement opportunities to NFT holders. At the time, Ronaldo said that bringing access and experiences to his fans was something he wanted to be part of.
90s FPS game Doom runs on Dogecoin via Ordinals
Using the Ordinals protocol on Dogecoin, a developer inscribed the free version of the 1990s first-person shooter video game Doom on the Dogecoin network. With this, anyone can play the video game hosted on the blockchain on mobile devices and computers.
Doom was released in 1993 and became very popular. According to pseudonymous developer Mini Doge, they inscribed the game into Dogecoin to celebrate the 30th anniversary of Doom.
OpenSea reportedly “open-minded” to acquisition
Meanwhile, NFT marketplace OpenSea seems to be open-minded when it comes to an acquisition. In a DL News report, OpenSea CEO Devin Finzer said that while the company has no plans to be acquired, it should consider it if the right partnership comes along.
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Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.