NFT

Bitcoin Runes Protocol Generates $162.4M in Fees

Monday. August 26 at 7:00 PM

1 min. read

Bitcoin Runes, a protocol for non-fungible tokens, has amassed $162.4 million in fees from 15.6 million transactions within four months of its launch. Initially, Runes saw a surge in transactions, peaking at over 300,000 daily transactions in the first two months. However, daily transactions have since declined to an average of 50,000. Despite this, Bitcoin has maintained its network dominance, accounting for 90% of the activity. Runes, positioned as a successor to Bitcoin Ordinals and a competitor to BRC-20 tokens, has gained favor among investors, surpassing BRC-20 in daily transaction share on most days. With over 15 million transactions, Runes has seen significant activity, particularly in mints, edicts, and etching. The protocol's potential market opportunity is anticipated to grow in the coming months, with plans for a trading solution by the Stacks network.

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Legal Action Against Solana Memecoin Launchpad Pump.fun

Thursday. January 16 at 6:00 PM

Burwick Law, a US crypto law firm, is initiating legal action on behalf of investors who suffered losses from the Solana memecoin launchpad Pump.fun. The firm announced its intention to pursue legal action for investors in pumpdotfun memecoins due to significant financial losses. Pump.fun has reportedly collected millions in fees while displaying illicit activities on its platform. Burwick Law criticized the creators of Pump.fun and other individuals involved in memecoins and scams. The law firm is inviting potential class-action group members to participate in the investigation. Only a small percentage of crypto wallets interacting with Pump.fun have made profits, indicating a large potential client base for the legal action. Pump.fun's livestream feature was suspended to prevent dangerous promotional stunts. The UK's Financial Conduct Authority banned access to Pump.fun to combat scams. Burwick Law is also pursuing legal action for investors affected by other NFT projects. Source: Burwick Law

NFT

NFT Trends and Insights

Thursday. January 16 at 12:00 AM

Cointelegraph presents the latest Nifty Newsletter, keeping readers informed about non-fungible tokens (NFTs). The newsletter highlights the DappRadar report revealing 2024 as the worst year for NFTs since 2020. It discusses the 13% increase in CryptoPunks NFT floor price amid rumors of a sale and the introduction of NFT tickets for Indian Railways passengers heading to the MahaKumbh Mela festival. According to DappRadar's 2024 Dapp Industry Report, NFT trading volume and sales declined significantly due to higher prices and market volatility. The report contrasts this with the booming NFT market in 2022. Rumors of CryptoPunks' IP rights sale and Chaincode Consulting's partnership with Indian Railways for NFT-based train tickets are also covered. The newsletter aims to provide insights into NFT trends, emerging artists, and market opportunities, delivered every Wednesday.

NFT

The Evolution of Web3 and the Open Metaverse

Tuesday. January 14 at 11:00 AM

In 2023, Yat Siu, co-founder of Animoca Brands, delivered a TED Talk on the potential of Web3 and the open metaverse. Despite setbacks in the Web3 and crypto space, the industry has rebounded in 2025. Siu highlighted the importance of digital ownership in the open metaverse, emphasizing the role of blockchain and Web3 technologies. The concept of play-and-earn in blockchain games gained popularity, offering new economic opportunities. The rise of NFTs has revolutionized digital ownership, providing creators with direct benefits. The total value of DAO treasuries has surged, reflecting the growth of the open metaverse economy. Siu predicts a promising future for Web3 and the open metaverse, with a focus on property rights and digital ownership. The evolution of digital ownership signifies a significant paradigm shift in the online world.

NFT

The Rise of Illustrious: A Game-Changer in AI Anime Art Generation

Tuesday. January 14 at 8:00 AM

Illustrious, a text-to-image model based on Stable Diffusion XL, has quickly become a dominant force in the AI art community. Civitai, the largest hub for AI art models, had to create a separate category to manage its vast resources within just three months. The key to Illustrious' success lies in its unique approach of utilizing Danbooru tags instead of lengthy natural language descriptions. By training on Danbooru's extensive library of tagged anime images, the model gains a deep understanding of visual concepts, enabling precise image generation without the need for complex captioning systems. With a dual-encoder system combining CLIP ViT-L and OpenCLIP ViT-bigG, Illustrious can process images at resolutions up to 2048×2048 with minimal quality loss. The model's evolution through various training phases has led to exceptional performance, making it a top choice for AI art enthusiasts seeking high-quality outputs.

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