NFT Market Update 5th December 2022
Twitter may be taking more decisive strides toward integrating crypto payments — and, perhaps, a native coin. Security researcher Jane Manchun Wong extracted code for a vector image depicting a “Twitter Coin,” and previously Musk has said “it is kind of a no-brainer for Twitter to have payments, both fiat and crypto.”
Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins’ crypto exchange Gemini $900 million, the Financial Times reported on Saturday.
Magic Eden is launching a free mint of 5,000 gift boxes exclusive to MagicDAO. It’s marketed as a fun experiment with no utility that will be utilizing their Open Creator Protocol.
Prominent Solana 1/1 NFT artist degenpoet disclosed that he is leaving the space.
Metaplex announced royalty protection mechanism for existing Solana NFT collections due to release at the end of this month. Projects will be able to upgrade without having to wrap, burn or mint new NFTs. DeGods, y00ts and Claynosaurz are among those who have already signed up
Magic Eden updated their frontend services to allow users to bulk transfer NFTs. The marketplace also teased other looming features such as user-to-user communication and customizable homepages.