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Coinxhigh now delivers the latest NFT news, analysis, interviews, drops, videos, and the best in crypto art, music, and culture.

Bitcoin Records Largest Mined Block to Date, 4 MB Block Containing NFT Causes Unease Among Small-Block Supporters 

Amid the controversy surrounding the Ordinals project and the debate over what types of data should be stored on the Bitcoin blockchain, the network mined its largest block, nearly 4 MB in size, containing just 63 transactions. One of the transactions was a 3.94 MB Ordinal inscription featuring an…

The 10 Best GM Memes of All Time

Twitter engagement goes a long way in Web3. Considering those within the NFT community spend a significant amount (let’s just call it 99 percent) of their time greeting, Tweeting, or otherwise interacting with each other via the Elon-owned app, few aspects of the metaverse have become as important as…

Coinbase’s class action lawsuit dismissed as the firm pauses NFT drops

US court threw out a planned class action lawsuit brought by customers of Coinbase. The clients accused the crypto platform of offering unregistered securities and not registering as a broker. The US District Judge Paul Engelmayer in Manhattan said that clients who transacted on the Coinbase and Coinbase Pro…

Blur discovers a way to avoid being blacklisted by OpenSea

Blur, the second-largest NFT marketplace in terms of volume, has discovered a practical method of avoiding being blacklisted by Opensea. For those unaware, OpenSea is the undisputed market leader in NFT operations. OpenSea started an Operator Filter Registry in November 2022.  Due to OpenSea’s decision to forgo enforcing royalties…

Coinbase clarifies Drops halt, says NFT Marketplace will operate as usual

Coinbase has published a tweet through its official Twitter handle to clarify an issue that has been circulating within the community. According to the clarification, Coinbase is merely pausing Creator Drops for a while to focus on other features and tools. This does not mean that the platform is…

Adam Bomb Squad NFT creator signs deal with Hollywood agency

Bobby Kim, co-creator of the NFT collection Adam Bomb Squad, has signed with top Hollywood talent agency UTA.  The Adam Bomb Squad NFT was launched at the peak of the 2021 bull run. Since then, it has generated a trading volume of $35 million.  Besides co-creating the Adam Bomb…

NFT Sales Soar: January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase

Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital collectible transactions rose more than 22% in the past month.…

NFTs 2.0? When Will Soulbound Tokens Arrive?

Think back to May of 2022. Spring is here, the NFT100 is a month away, and Ethereum Co-Founder Vitalik Buterin just made a huge announcement: Soulbound Tokens (SBTs). The idea — which came via a white paper entitled “Decentralized Society: Finding Web3’s Soul” — inspires “oohs” and “ahhs” throughout the…

The Future of Digital Artistry Hinges On the NFT Royalty Debate

Despite the fact that approximately $100-200 million in NFTs are traded on blockchain networks each week, many creators still struggle to generate significant revenue from their work. The reason? Royalties — or rather, a lack thereof. Royalties allow creators to be compensated for their work beyond the primary sale,…

NFT Fantasy Game Sorare Partners With Premier League for Multi-Year Licensing Deal

Sorare, a Paris-based NFT (non-fungible token) fantasy game startup, has closed a deal with the Premier League, the first soccer division in the U.K., to make teams and players of the league part of its roster. According to reports, the multi-year agreement involves payments of tens of millions of…

Solana Protocol Metaplex to enforce royalty payments

Metaplex Foundation, which plays a significant role in the Solana ecosystem, will very soon deliver a recondition on its Metaplex protocol. This is being carried out in order to enforce royalty payments. In the current scenario, and in the case of NFT creators, receiving royalty payments is optional.  In…

Dooplication goes live with endless utility

Doodles has announced that Dooplication is now live. The news was shared with the community through its official Twitter handle. Users now gain access to three different models, namely Very Common, Common, and Rare. The entire process is divided into three different stages. The first step is to duplicate…

Crypto creators’ platform Rally shuts down, citing market conditions

The social platform for creators’ tokens, Rally, has shut down only 12 hours after its initial announcement. Per the blockchain security platform PeckShield, the assets on the platform will no longer be accessible. Rally emailed its community about a sudden decision to shut down the company, citing harsh industry…

Doodles publishes its self-custody guide to assist collectors

Flowty recently announced the release of Doodles’ self-custody guide. The announcement was made on the official Flowty Twitter account. According to the tweets, the guide will assist every collector who prefers non-custodial wallet options for Wearables. Flowty and .find are among the best marketplaces that support these non-custodial wallets.…

NFT Scams: How to Keep Your Wallet Safe from Hacks

Scams have become an inevitable part of the NFT ecosystem. At this point, nearly all of the biggest names in the space have been victims of hacking. In January of 2023 alone, PROOF Collective founder Kevin Rose lost more than $1 million in NFTs in a phishing scam, and the Azuki Twitter account got…

Yuga Labs Facing More Lawsuits Over NFTs

The beleaguered cryptocurrency and fintech company Yuga Labs is going to be hit with more legal action in connection with its nonfungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC), and many other ventures. On January 30, the worldwide legal firm Rosen Law Firm, which specialises in the protection…

The NFT Community Reacts to the Rise of Open Editions

So far, the defining Web3 conversation of 2023 has been about open editions (OE). 3D animator and crypto artist NessGraphics broke records when they dropped Money Printer Go BRRRRRR and raised over 1,404 ETH ($2 million) in one hour. Likewise, Victor Mosquera’s January 29 OE drop for The Collector…

Avalanche Park x Ed Balloon concert series to be launched

It is slated for the 23rd of February, 2023, when the launching of the Avalanche Park x Ed Balloon concert series will be carried out. The spectacular event will be duly held in Downtown Los Angeles, at the Wisdom LA. This, by itself, happens to be an iconic and…

Premier League Signs Multi-Year Deal with NFT-based Fantasy Game Sorare

The Premier League’s partnership with Sorare marks the football league’s attempt to increase fan engagement. The English Premier League, the highest-level men’s football league, has signed a multi-year partnership deal with NFT-based fantasy game and digital collectible platform Sorare. According to the announcement shared by Premier League on January…

Meet Ordinals, the New Bitcoin NFT Engine, and the Drama Surrounding Them

Ordinals, a new way of using and getting content using Bitcoin, are enabling creators to harness the utility of NFTs (non-fungible tokens) directly from the blockchain, essentially creating native Bitcoin NFTs. This has stirred the pot in some circles, which are now discussing if this is the way in…

China’s Hainan to boost NFT oversight as digital yuan trial ramps

Authorities from the Hainan province in southern China have vowed to increase oversight on the nonfungible token (NFT) sector to “promote the healthy development” of the sector and to stomp out fraud and other associated risks. In a separate announcement, the People’s Bank of China (PBoC) also announced that…

Premier league taps blockchain with Sorare NFTs

The English Premier League and Sorare, a French start-up, have agreed to a four-year licensing deal for 120 million British pounds. The agreement between the duo will allow NFT buyers to create their teams and compete in a fantasy version of the contest. Premier league issuing NFTs For the…

The launch of a nonfungible token protocol on the Bitcoin mainnet

The cryptocurrency community is currently split on the question of whether the recent implementation of a nonfungible token (NFT) protocol on the Bitcoin mainnet would be beneficial to the Bitcoin ecosystem. The software programmer Casey Rodarmor is responsible for the creation of the protocol, which is known as “Ordinals.”…

Trial between Hermes and NFT Artist Mason Rothschild set to go ahead

The trademark infringement trial between French luxury company Hermès and digital artist Mason Rothschild is scheduled to begin on January 30 in a federal court in Manhattan. Both parties allege that the other infringed on their respective trademarks. Because the nonfungible token (NFT) artist was marketing and selling MetaBirkins,…

Upcoming Drops: January 30 – February 5

Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx…

CryptoZoo scam rumors bite Logan Paul

The CryptoZoo saga continues as Logan Paul faces legal charges despite apologizing and proposing a $1.3 million refund. Logan Paul apologizes to CryptoZoo community and CoffeeZilla. After facing severe backlash, Logan Paul took accountability for his actions by releasing a new apology video and announcing a $1.3 million recovery…

Opinion: Should Bored Ape buyers be legally entitled to refunds?

Should people who purchase nonfungible tokens (NFT) be entitled to refunds if they decide they don’t like their digital pictures? Some Europeans are beginning to make that case under a 25-year-old law. Unhappy buyers have claimed that their right to a refund is protected by a 1997 European Union…

The Latest Review of Cosmos NFTs – Part 2

This is the second part. Read the first part here. The ecosystem of the Cosmos is expanding rapidly. Based on the Cosmos SDK, more than 50 blockchains, or “zones,” are already operational, and the number is rising. But how do you interact with them without a suitable wallet? After…

The Hermès Lawsuit May Dictate the Future of NFTs

On January 14, 2022, French fashion house Hermès International sued artist Mason Rothschild for trademark infringement following the release of MetaBirkins — a collection of 100 NFT Birkin bags covered in faux fur in a range of colors and designs. Actual Hermès Birkin bags are notoriously expensive and difficult…

Ordinals protocol sparks discussion amid bitcoin NFT launch

The bitcoin community is split on whether non-fungible “digital artifacts” similar to tokens are a good fit for the cryptocurrency’s ecosystem. The software programmer Casey Rodarmor is responsible for creating the protocol known as Ordinals. He also formally debuted the program on the bitcoin mainnet after writing a blog…

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