Web3🌖Tuesday Buzz: ORDI's Surge, Kraken's Layer 2, SK Telecom's Wallet, and 'The Simpsons' NFT Episode
- ORDI Meme Coin Surges 48% Post Binance Listing
- Kraken's Move into Layer 2 Networks
- SK Telecom's Web3 Wallet Collaboration with Aptos & Atomrigs Lab
- 'Simpsons' Viral Episode: Top NFT Humor & References
Dive deep for all the juicy details!!🤞
Hello Web3 enthusiasts! Today brings a flurry of exciting updates. Firstly, the ORDI Meme Coin has witnessed a remarkable surge of 48% in value post its listing on Binance, marking a significant milestone in its journey. Meanwhile, Kraken, a major player in the cryptocurrency exchange arena, is making strides into Layer 2 technology, aligning itself with industry trends. Additionally, SK Telecom is set to introduce a cutting-edge Web3 wallet in collaboration with Aptos and Atomrigs Lab, aiming to provide users with a seamless and secure experience in the blockchain realm. Lastly, 'The Simpsons', known for its sharp social commentary, humorously tackles the NFT market in a recent episode, referencing key players in the space. Stay tuned for a comprehensive dive into these intriguing developments!
1. ORDI Meme Coin Skyrockets 48% Following Binance Debut
Binance, a leading global cryptocurrency exchange, has revealed plans to list Ordinals (ORDI) token, introducing new trading pairs like ORDI/BTC, ORDI/USDT, and ORDI/TRY. Trading is set to commence on November 7, 2023, at 12 p.m. UTC, with withdrawals opening on November 8, 2023, at 6:30 a.m. UTC. The ORDI token saw a notable surge of 48% in the 24 hours following the announcement, reaching $11.01, a level not seen since May. This spike is attributed to increased anticipation for liquidity and trading activity on Binance.
However, Binance has issued a caution, labeling ORDI a "relatively new token" with elevated risk and expected volatility. The exchange will assign a "Seed Tag" to denote its higher risk level, requiring users to pass corresponding quizzes every 90 days on Binance platforms. This measure is aimed at mitigating potential risks associated with highly volatile assets. This listing on Binance signifies a significant milestone for the Ordinals protocol, which allows for the creation of BRC-20 tokens and non-fungible tokens (NFTs) on the Bitcoin blockchain, expanding the utility of Bitcoin. Binance Pool's Ordinals Inscription Service, launched in August, simplifies the process of inscribing additional data onto the Bitcoin blockchain, further enhancing Bitcoin's functionality.
Binance
2. Kraken Ventures into Layer 2 Tech
Kraken, a major U.S. cryptocurrency exchange, is considering various blockchain firms like Polygon, Matter Labs, and Nil Foundation to develop its own layer 2 network, following the lead of rival Coinbase. This move aims to address industry challenges and seize opportunities. Coinbase previously launched its layer-2 network, Base, utilizing the OP Stack. Kraken's exploration reflects a broader trend among established crypto companies looking to expand into blockchain development. The exchange has posted a job for a "Senior Cryptography Engineer" with expertise in modern cryptography, including zero-knowledge proofs, indicating a commitment to on-chain scaling solutions. The team is actively exploring ways to integrate more protocols and decentralized applications into Kraken's ecosystem.
Margaux Nijkerk
3. SK Telecom Partners with Aptos & Atomrigs Lab for Web3 Wallet
SK Telecom (SKT), a major South Korean telecom company, is set to launch a Web3 wallet service named T wallet in collaboration with Aptos Labs and Atomrigs Lab. This move is part of SKT's broader vision to offer blockchain-based services. The partnership aims to provide users with a secure and seamless experience in the Web3 environment. Notably, this collaboration signifies SKT's first integration with a non-Ethereum Virtual Machine (EVM) blockchain, demonstrating their commitment to diversifying their offerings.
Additionally, T wallet is planned to be integrated into Aptos' decentralized application ecosystem, showcasing a concerted effort to expand into various blockchain technologies. This announcement comes in the wake of South Korea's National Tax Service's revelation that a significant portion of residents' overseas assets, totaling 70%, is held in cryptocurrency, underlining the growing importance of digital assets in the financial landscape.
Arijit Sarkar
4. 'Simpsons' Unleashes NFT Comedy Riot
In a recent episode of "The Simpsons," the NFT market takes center stage. Homer accidentally turns Bart into an NFT, sparking a comical journey through the NFT world. The episode cleverly touches on NFT value, hierarchy, and the role of FOMO. It humorously references prominent NFTs like CryptoPunks and CryptoKitties, highlighting their fluctuating values. The show even features renowned digital artworks and a nod to the Bored Ape Yacht Club. The episode amusingly captures the essence of the NFT craze, blending humor with insightful commentary on the market's dynamics.
Sander Lutz
To stay informed and delve deeper into the ever-evolving world of Web3, don't forget to follow us on our social channels and subscribe to our newsletter. We'll continue to provide you with the latest insights and trends in this dynamic landscape. Until next time, keep exploring the exciting horizons of Web3!
