Nifty News: Bitcoin NFTs cause spicy fees, Mastercard exec tokenizes resignation letter and more

Nifty News: Bitcoin NFTs cause spicy fees, Mastercard exec tokenizes resignation letter and more
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The government can call on autonomous decentralised organisations to promote its "cool japan" strategy, To showcase Canada's technology and culture, revoke unnecessary authorizations and separate data across different portfolios, inter alia.

The divisive newly launched protocol allows for nonfungible token (NFT) assets on the Bitcoin mainnet by inscribing satoshis with content.

So far, inscriptions have included content such as images, documents including a PDF file of the Bitcoin white paper and even a fully playable clone of the video game DOOM.

The clone of 31.2 kilobytes doom (photo) will henceforth be forever playable on Bitcoin. Image: Ordinals

On Feb. 2, independent developer, Udi Wertheimer, tweeted he had conducted the “largest transaction in Bitcoin’s history” after using the Ordinals protocol to inscribe a 3.94-megabyte image of a sunglass-wearing, bald, bearded wizard lauding “magic internet JPEGs.”

Udi Wertheimer (@udiWertheimer) 2 February2023.

Typical bitcoin transactions may cost a few hundred to a few dollars.

Figures from crypto-mining data provider Hashrate Index show over the past seven days, fees as a percentage of the block reward are on the rise, starting off the week at around 1% before jumping to a Feb. 1 weekly high of 6.74%.

Ordinals may cost tens of dollars compared to.

The now-former NFT product lead at payments giant Mastercard left the company in a spectacular fashion, publicly slamming the firm for purportedly mistreating him and offering up his resignation letter as an NFT.

1 weekly peak at 6.74%, sells resignation letter that nftthe now-old NFT lead product to the company's giant left mastercard payments in a dramatic way, He publicly slammed the company for allegedly abusing it and offered his letter of resignation as N.T. 2 Twitter thread, Satvik Sethi claimed Mastercard cut his salary by 40% when he moved from New York City to London, claiming he “had to work side jobs this past year to make ends meet.”

It wasn't easy, but read on to find out why it was needed, and on to peak.twitter.com/kqiavs.

Satvik Sethi (@sxtvik) on February 2, 2023

He asked his over 22,000 Twitter followers for their support by minting his resignation letter for 0.023 Ether (), worth around $37.

“100% of this goes to survival,” Sethi added as he will lose his British work visa and would “be based in India for the foreseeable future.” Sethi also claimed to have been harassed "by a series of poorly managed processes, poor communication [and] internal inefficiencies."

At the time of writing 53 NFTs of the letter, which Sethi titled “New Beginnings,” had been minted.

Future art parachuting for NFT holders has also been promised by Sethi.

eBay eyes talent for its acquired NFT marketplace

E-commerce player eBay is looking to hire several Web3-related roles for its United Kingdom-based NFT marketplace KnownOrigin, which it acquired in June 2022.

Ebay looks at the talent for his acquired nft marketplacee-commerce player ebay seeks to hire several web3-roles linked to his UK based nft market knownorigin, which he acquired in June 2022.

Employment offers via ebay on linkedin have revealed that she is recruiting for positions in the UK and her head office in California.

Roles include a manchester-based head of community for knownorigin and a content designer and marketing campaign manager for the market, among other positions. The job description says the role will see a “creative crypto attorney” joining eBay’s legal team to support its “business, product, compliance and technology teams in the Web3 space.”

OpenSea rolls out suite of tools for NFT creators

NFT marketplace OPENSEA released the next series of tools for its “Drops” feature, which is used to help creators launch NFT collections with OpenSea to benefit from its reach.

"opensea roll out suite of tools for nft creatorsnft marketplace opensea has published a new set of tools for its "drops" function, which helps designers launch NFT collections with opensea in order to benefit from its reach. 2 Twitter thread, OpenSea said it had worked closely with 20 teams to “build a best-in-class drops experience.”

The next phase of the rollout includes giving creators tools to conduct multi-stage minting, smart contract deployment across multiple Ethereum Virtual Machine (EVM) chains and personalize web landing pages, among other features.

Https://t. co/rrydh289vq??— opensea (@opensea) Feb 2nd, 2023The next phase of deployment consists in giving creators tools to carry out the keystroke in several steps, deployment of intelligent contracts on multiple chains of Ethereum virtual machines (evm) and customization of Web destination pages, inter alia characteristics.

The tool will be "progressively open" to select designers "within the next few weeks," according to opensea.

OpenSea has experimented with its Drops feature by creating personalized pages for select collections, most notably, one was created for the debut collection by actor Sir Anthony Hopkins which ended up selling out in under 10 minutes.

It will also add additional features in the next few weeks before being published to the general public.

OpenSea has experienced its Drops functionality by creating custom pages for certain collections, most notably, one was created for the first collection by actor Sir Anthony Hopkins that eventually sold in less than ten minutes. The government may use NFTs and decentralized autonomous organizations to promote its “Cool Japan” strategy, aiming to show off the nation’s tech and culture.

Cointelegraph spoke with industry professionals on preventing NFT thefts who advised users to take due diligence, revoke unnecessary permissions and segregate NFTs into different wallets, among other measures.