This Week's Low-Down:

• 💵 Ordinal NFTs Surged Amid Bitcoin Hitting Record-Breaking High

• 🚀 Binance Listing Sends Memecoin 'WIF' Soaring by 246%

• 🎵 Coachella Opens NFT-Powered Festival Experiences on OpenSea

• Metaverse Experiences with Major Brands, Artists and DJs Drive Sandbox’s Resurgence (Cointelegraph)

• A Guide To NodeMonkes: 10K Pixelated Ordinals Explained (nft now)

• Korea’s Jeju Island Turns to NFTs to Revitalize Tourism and Farming (NFT Plazas)

• Bitcoin Ordinals Are Reshaping the NFT Marketplace Landscape (Decrypt)

• Bitcoin Hits a New All-Time High, Passing $69,000 (nft now)

• Coachella and OpenSea Sync for NFT-Gated Music Experiences (NFT Plazas)

• This Creature Extraction Shooter Aims to Transcend ‘Pokémon with guns’ Formula (Cointelegraph)

• Minecraft Banned NFTs—So ‘NFT Worlds’ Built Its Own Crypto Game Instead (Decrypt)

• Ubisoft’s Watch Dogs to Join ‘Cross the Ages’ NFT Battles (NFT Plazas)

• Someone Just Bought a CryptoPunks NFT for $16 Million in Ethereum (Decrypt)

• A New Wave of Transformers x Funko Collectibles Drop Today (NFT Plazas)

Trending Collections on OpenSea:

• Lasogette [Floor Price - 0.20 ETH]

• Mutant Ape Yacht Club [Floor Price - 2.88 ETH]

• Lil Pudgys [Floor Price - 1.19 ETH]

Ordinal NFTs Surged Amid Bitcoin Hitting Record-Breaking High

Just days ago, when the price of Bitcoin reached its highest peak ever at $69,000, Ordinals coincided with a sales volume of $36 million.

• In the past 30 days, Bitcoin's NFT sales surged, accounting for 47.8% of the market, challenging Ethereum's dominance.

• As per CryptoSlam, top Bitcoin NFT collections to date include Node Monkes, Bitcoin Puppets and OnChain Monkey.

• Notably, NodeMonke #2769 sold for $1.08 million (17 BTC) just days ago, marking the collection’s first million-dollar sale.

• The upcoming Bitcoin halving event and rising interest in NFTs is poised to drive growth in Ordinals transactions in 2024.

Binance Listing Sends Memecoin 'WIF' Soaring by 246%

Binance’s listing of Dogwifhat (WIF), a Solana memecoin, reflects the growing influence of meme-driven tokens.

• The listing introduces four new trading pairs and waives listing fees for WIF due to its traction.

• Following joining Binance, WIF surged 236% this past week, with $600 million in trading volume and a $1.86 billion market cap.

• Binance applies a cautionary Seed Tag to WIF, requiring traders to complete quizzes for trading access, emphasizing informed trading.

Coachella Opens NFT-Powered Festival Experiences on OpenSea

California’s celebrated Coachella Festival recently unveiled its first batch of Avalanche NFTs on OpenSea.

• Coachella is utilizing NFTs to enhance the festival’s experience, offering holders unique benefits.

• ‘VIP Pass + Oasis Lounge Keepsake’ is the sole collection currently available.

• These collectibles grant holders VIP festival passes and access to exclusive amenities.

• An additional two collections are in the pipeline, promising to open merchandise, digital content, and VIP access.

Today's edition was written by Leah Alger

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