DeFi News Official TheBitTimes.com

The increasing popularity of Bitcoin NFTs, or Ordinals, will impact posively the security of the Bitcoin network and attract developers to the ecosystem, according to Ordinals proponent Udi Wertheimer. Bitcoin (BTC) NFTs will have a positive impact on Bitcoin ecosystem by improving its security and incentivizing developers to build on the network, according to independent developer Udi Wertheimer.  The number of newly created Ordinals, also referred to as "inscriptions", have been spiking in recent weeks, causing a surge in transaction Fees and average block size on the Bitcoin block chain.  According to Wertheimer, Bitcoin NFTs are going to be beneficial for Bitcoin's security budget: by driving up transaction fees, the creation of Ordinals will incentivize miners to secure the network while the revenue from mining reward will be decreasing with each Bitcoin halving. “Because the block space is scarce and because there's demand for stuff like inscriptions, there...

NFT marketplace Blur surpassed OpenSea in daily ETH trading volume as users — anticipating greater returns on their NFT investments — are looking for a trading arena that works in their favor. Major nonfungible token (NFT) Marketplace OpenSea announced a massive structuring around lower platform Fees and greater creator earnings as competing marketplaces continue to drain away its once dominant user base. On Feb. 18, NFT marketplace Blur surpassed OpenSea in daily Ethereum (ETH) trading volume as users — anticipating greater returns on their NFT investments — are looking for a trading arena that works in their favor, shows Nansen data. Daily trading volume of major NFT marketplaces. Source: Nansen As a reactionary measure, OpenSea announced three major changes to win back its migrating customers. The measures include a 0% fee for a limited time, introducing optional creator earnings and leniency on other operators. We’re making some big changes today: 1) OpenSea fee → 0% for a limited...