UK Politicians in the Metaverse, NFT Market Rumors, and Murakami’s Future Moves

Metaverse Meetings: UK Politicians Embrace Web3

On September 20, a group of British politicians took a dive into the metaverse, donned their pixelated avatars, and laid out a roadmap for oh-so-innovative Web3 and blockchain opportunities in the UK. Among the notable attendees was MP Natalie Elphicke, who declared Web3 to be a revolutionary shift in the internet’s fabric. Because who doesn’t want to discuss serious topics in a virtual rigid hair dye color?

The Future of Web3

As the world leans into digital transformation, eight peers from the British Lords bring together their expertise in a virtual space—yes, the same space that often doubles as a sandbox for dancing cats and elaborate memes. Along the way, they discussed:

• Potential opportunities in blockchain technology.
• Challenges to overcome for ethical digital community building.
• The oddity of existing in a dystopian reality while wearing funky goggles.

Bitcoin Ordinals: No Cause for Network Congestion

Worry not, cryptocurrency enthusiasts! Recent findings from Glassnode reveal that the noise surrounding nonfungible token (NFT)-like Bitcoin Ordinals clogging the precious blockspace may be greatly exaggerated. Apparently, inscription users prefer low fees over immediate transfers, making their inscriptions more like a leisurely stroll rather than an all-out sprint on the Bitcoin network.

Low-Fee Patient Users

According to the report, “Inscriptions appear to be buying and consuming the cheapest available blockspace, and are readily displaced by more urgent monetary transfers.” Sounds like it’s time for a Bitcoin brunch, where everyone takes their time and no one rushes!

NFTs: Worthless or Just Misunderstood?

In a somewhat bemusing report, Rolling Stone has proclaimed NFTs as “totally worthless.” The outlet cites research revealing that a whopping 95% of NFTs owned by over 23 million users have no real value. This raises the question: what kind of niche does NFT karaoke night fall into?

Community Reactions

The NFT community didn’t miss a beat. Members quickly reminded Rolling Stone of their own prior hype regarding the Bored Ape Yacht Club. One enthusiastic commenter said, “You can say what you want, but I promise my bored ape bats better than your overpriced coffee!”

Nifty News: Murakami and the NFT Reality Check

In a twist that feels more real than a twist in any reality TV show, renowned artist Takashi Murakami hinted he might hang up his NFT dreams after a booming foray into the digital art space. Murakami, whose collection Murakami.Flowers raked in over $40 million, told The Guardian he’s “maybe done” with NFTs. Talk about an exit—if only we could all make that kind of departure after dinner!

Legal Wins and New Beginnings

In other Nifty News, NFT artist Danny Casale emerged victoriously in a contract dispute after being sued by a Web3 art curator. The judge sided with Casale after it was found that the contract lacked a clear start date. Kind of like that one friend who shows up at 7 PM and you’re still in your PJs.

Wrap-Up

As we navigate through the rapidly evolving NFT landscape, we’ll continue to report on every twist and turn. Until next week, remember: stay savvy, stay sassy, and don’t forget your metaverse avatar! Cheers to all cryptocurrency adventurers!