David - Cryptocurrency Specialist
In the ever-evolving NFT market, several recent events have caused ripples.
Murakami Reassesses His NFT Approach
Prestigious Japanese artist, Takashi Murakami, known for iconic works since the late 1980s, has expressed uncertainty over future NFT releases. Having dived into the NFT crypto world in 2021, Murakami launched two notable NFT collections: the Clone X series in collaboration with RTFKT in December 2021 and the Murakami.Flowers series in May 2022.
Despite the latter's initial hurdles and a launch during an NFT market downturn, the collection still realized a whopping 26,713 Ether, equivalent to $42.52 million based on OpenSea data.
A Legal Victory in the NFT Market
NFT artist Danny Casale, known to many as Coolman Coffeedan, recently triumphed in a multi-million-dollar contract spat against Web3 art agents, DigiArt. At the heart of the dispute was a solo NFT venture by Casale titled "Coolman’s Universe" which has since amassed a significant 26,399 ETH or $42 million in secondary sales.
Despite DigiArt's breach of contract claims, the court sided with Casale, pinpointing multiple gaps and ambiguities in the contract.
NFT Entertainment: Krapopolis Takes Center Stage
Krapopolis, an NFT-integrated animated series brainchild of Dan Harmon (of Rick and Morty fame), is poised for its long-awaited debut. Scheduled to premiere on FOX, this comedic series set in ancient Greece will then join FOX's revered Animation Domination lineup. Unique to this series is its NFT collection, "Krap Chickens," granting holders special privileges and exclusive content.
NFTs Empower Artists in Remote Areas
While some might dismiss Non Fungible Tokens as overhyped, Ben Fowler, an artist based in rural Victoria, Australia, emphasizes the transformative potential of non-fungible tokens for artists in remote areas. Through NFT coins, he successfully showcased his art to a worldwide audience without relocating to metropolitan hubs, attesting to the democratizing power of NFTs for artists everywhere.
In Other NFT News:
Casey Rodarmor, lead developer at Bitcoin Ordinals, has mooted a protocol number system revamp to streamline the project.
Proof of Play, spearheaded by Farmville's co-creator, Amitt Mahajan, recently secured $33 million in funding to pioneer Web3 games, as announced on Sept. 21. Notably, Twitch co-founder, Emmett Shear, is on board.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards