This Week in NFTs: Art Museums, Trademark Tiffs, and Metaverse Dating

France Flaunts NFTs in Prestigious Museum

Paris’s Centre Pompidou is making waves by announcing a permanent exhibition dedicated to NFTs. Yes, the home of modern art is diving headfirst into the digital deep end! The collection will include iconic pieces like CryptoPunk #110 and Autoglyph #25, as stated by museum director Xavier Rey. He emphasized the museum’s commitment to supporting artists in their latest artistic adventures—because nothing says avant-garde like pixels.

BAYC Trademark Tango: A Bit of Drama

In a plot twist worthy of a soap opera, Jeremy Cahen and Ryder Ripps, the founders of the RR/BAYC copycat collection, have thrown down the gauntlet against Yuga Labs. They opposed ten of the company’s trademark applications, causing ripples in the NFT community. However, Yuga Labs seems to be enjoying the popcorn moment, claiming these moves are merely distractions from the real issues at hand—because who needs Netflix when the crypto space provides all the entertainment?

The Ethereum NFT Market Takes a Hit

Turns out, NFTs aren’t immune to the brutal realities of the crypto winter. A report from DappRadar revealed that Ethereum-based collections suffered a staggering 60% drop in market cap during 2022, dwindling from $9.3 billion to just $3.7 billion. It’s a tough market out there, folks! Falling Ether prices certainly didn’t help matters, making us wonder whether these digital treasures are as valuable as they once seemed.

Bitcoin Breaks Records with Non-Zero Addresses

In the world of Bitcoin, it’s a different story. A surge in Bitcoin NFTs, known as Ordinals, has driven the number of non-zero Bitcoin addresses to an all-time high of 44 million. Glassnode reports that this is the first time in Bitcoin’s 14-year history that the network is being utilized for more than just the usual transactions. Here’s hoping these newbies know how to spell ‘HODL.’

Nifty News: Paris Hilton’s Metaverse Romance

In what will undoubtedly become a cultural phenomenon, Paris Hilton has collaborated with The Sandbox to launch a virtual dating experience titled Parisland. Here, players can flirt, date, and participate in a dating reality show—all while navigating a virtual world that might just caffeinate your love life. Who knew the dating scene would go digital before we could figure out how to swipe right?