In this week’s newsletter, read about how eBay’s nonfungible token (NFT) platform launched a new creator smart contract. Learn how OpenSea plans to win back its users from its competitor, Blur, and check out why Yuga Labs was accused of intellectual property (IP) theft over the wolf skull logo. In other news, find out how NFTs will act as “high-end properties” during the market booms, and don’t forget this week’s Nifty News, featuring an NFT artist receiving $150,000 for a meme on Ordinals. eBay NFT platform KnownOrigin launches creator smart contract EBay’s NFT marketplace KnownOrigin announced the launch of creator …

According to a new twitter post on Feb. 16, e-commerce platform eBay's nonfungible tokens (NFT) marketplace KnownOrigin will launch creator smart contracts for its artists. With the new contract, artists will be able to split earnings and earn royalties as co-creators. As told by KnownOrigin, users have been testing its Creator Contract beta release for the past few weeks, with 84 contracts thus far deployed and 250 edition of NFTs minted. From Feb. 24 onwards, all approved creators on KnownOrigin will be able to deploy and mint work on their own contract for public release. Deployment will not require coding …

Bitcoin Ordinals causes fees to spike The Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and in the process is hiking the transaction fees on the network. The divisive newly launched protocol allows for nonfungible token (NFT)-esque 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 whitepaper and even a fully playable clone of the video game DOOM. On Feb. 2, independent developer, Udi Wertheimer, tweeted he had conducted the “largest transaction in Bitcoin’s history” after using the …

What are the pros and cons of accepting Bitcoin payments? Accepting Bitcoin payments is advantageous due to lower fees than credit and debit cards, expansion of customer base and real-time bank balances. However, risks like volatility and cybercrime may undermine these benefits. Cryptocurrency payments help save excessive credit and debit card processing fees as they are decentralized and do not need intermediaries to verify the transaction. Moreover, merchants do not incur overseas currency exchange changes if payments are made in BTC or other cryptocurrencies. High transaction speed is another benefit of accepting Bitcoin payments, allowing businesses to receive payments in …

eBay, an e-commerce giant, has announced the acquisition KnownOrigin, a nonfungible token (NFT) marketplace that will help the e-commerce company foray further into the world of blockchain technology and digital collectibles. According to a press release on Wednesday, Manchester-based KnownOrigin has been purchased for an undisclosed amount. The firm enables artists and collectors to create, purchase and resell NFTs via blockchain-enabled transactions. KnownOrigin co-founder David Moore in a statement said that the company was founded to "empower creators and collectors by giving them the ability to showcase, sell and collect unique, authenticated digital items," adding that: "As interest in NFTs …

E-commerce giant eBay has officially launched its first nonfungible token (NFT) drop with a series of tokenized collectibles featuring National Hockey League legend Wayne Gretzky that went live on Monday. The NFT collection depicts animated versions of Gretzky that were inspired by Sports Illustrated magazine covers. They come in four different tiers of rarity including green at 299 editions each, gold at 199, platinum at 99 and diamond at 15. The collection is up for sale on eBay’s marketplace now. However, the limited-edition diamond, platinum and gold tiers worth $1,500, $100 and $25, respectively, have already sold out. According to …

It's a hard rock life for one crypto user. A clumsy keystroke and the actions of a sniper bot caused a million-dollar mistake on March 10. A rock valued at 444 ether (ETH), or $1.2 million, sold for 444 Wei ($0.0012) to a bot as the seller, DinoDealer confused WEI and ETH. In a tweet, the seller said “in one click my entire net worth of ~$1 million dollars, gone.” How's your week? Mine? I just erroneously listed @etherrock #44 for 444 wei instead of 444 eth‍♂️ Bot sniped it in the same block and trying to flip for 234 …

Bitcoin (BTC) entered an upward channel in early January and despite the sideways trading near $40,000, order book analysts cited "significant buying pressure" and noted that the overall negative sentiment might be heading towards exhaustion. Independent analyst Johal Miles noted that BTC's price formed a bullish hammer candlestick on its daily chart on Jan. 24 and Feb. 24, hinting that the longer-term downtrend is close to an end. However, the rally above $41,000 on Feb. 28 was unable to create strong demand from Asia-based traders, as depicted by the lack of a China-based peer-to-peer Tether (USDT) premium versus the the …

Major e-commerce marketplace eBay could integrate crypto payments soon, said CEO Jamie Iannone in a recent interview. The internet marketplace is among the oldest e-commerce platforms, now looking to become the go-to platform for Gen Z and Millennials. The CEO said in an interview with The Street that the firm is looking to integrate crypto payment options for quite some time and an official announcement could be made during the upcoming investor’s day on March 10. During his interview, Iannone revealed that the e-commerce giant is looking to transition to new payments modes as they are already managing $85 billion …

American manufactured meat company Oscar Mayer is auctioning off a one-of-one pack of “Hot Doge Wieners” on eBay. The limited-edition pack of Dogecoin-themed wieners includes 10 sausages and a picture of the beloved Shiba Inu dog on the packaging, along with the “cash equivalent” of 10,000 Dogecoin (DOGE). The auction is set to close on Saturday, however, the listing has been temporarily taken down, with the firm noting on Twitter today that “you guys really took this to the moon. The link is down but will be up soon!” During the initial hours of bidding, Redditors in the r/dogecoin community …

An app says it offers crypto rewards for shoppers who make purchases at some of the world’s best-known e-commerce platforms — including eBay, Amazon, Lazada, Best Buy and Nike. Inevitably, one of the downsides of indulging in a little bit of retail therapy every now and again means that you’re left with less cash after splashing out on a brand-new pair of jeans or some headphones. Social Good Foundation Inc., the operating company behind SocialGood, says that it aims to change the status quo — and end a vicious cycle that means many everyday consumers struggle to amass savings, irrespective …

Shopping using cryptocurrencies is a hot-button topic right now — but how do you find the keys to the kingdom of crypto e-commerce? Here, Cointelegraph talks to Shopping.io CEO Arbel Arif about his vision for the future, the milestones that have been achieved since the platform launched six months ago, and the high-profile partnerships that have been instrumental for the site’s success. 1. Hello! Can you describe Shopping.io in a nutshell? Shopping.io is the bridge between crypto and retail. We are the leading provider of mainstream e-commerce solutions in crypto. We are the only company that offers you the ability …