Miladys NFTs Surge After Elon Musk Tweet as Binance Simplifies Bitcoin NFT Purchases
This week marked a significant step forward for Bitcoin-based NFTs as Binance, a leading cryptocurrency exchange, announced plans to integrate Ordinals into its marketplace. Meanwhile, the Miladys NFT collection experienced a sudden price spike after Elon Musk shared a meme featuring one of its distinctive avatars.
Additionally, Aegis Custody launched an initiative to support women in Web3 by offering six months of free custodial services, valued at $28,000, to female-led crypto projects.
Key Developments in Web3
Binance Embraces Bitcoin NFTs
Binance will soon support Ordinals—Bitcoin-based NFTs—on its platform, eliminating the need for users to set up a Taproot-compatible Bitcoin wallet. This move signals growing mainstream adoption of Bitcoin NFTs, joining platforms like Magic Eden and Gamma.io.
Bitcoin NFTs Gain Traction:
- Magic Eden expanded its Bitcoin NFT marketplace.
- Yuga Labs auctioned its TwelveFold collection for $16.5 million.
👉 Discover how Bitcoin Ordinals work
Elon Musk’s Milady Tweet Sparks Frenzy
A single tweet from Elon Musk, featuring a Milady NFT, sent the collection’s floor price soaring to 7.3 ETH (~$13,700) before settling at 4.25 ETH. This mirrors past trends where Musk’s crypto-related tweets (e.g., Dogecoin) trigger short-term volatility.
Empowering Women in Web3
Aegis Custody launched a program offering free custodial services to women-led crypto projects for six months. CEO Serra Wei emphasized lowering barriers for women in a male-dominated industry.
"Women in crypto often face an uphill battle for support and respect. This initiative aims to level the playing field."
Trending NFT Projects
Pudgy Penguins
- What: A collection of 8,888 penguin NFTs.
- Why: Recent $9M seed funding and licensing deals drove a 39% surge in trading volume.
👉 Explore Pudgy Penguins’ rise
Industry Highlights
- Boss Beauties x Barbie: A 250-edition NFT collection celebrating careers.
- Unstoppable Domains joined OMA3 to standardize Web3 domains.
- World of Women expands into merchandise, including a Monopoly collaboration.
NFT Lending: What You Need to Know
With Blur’s Blend platform gaining traction, NFT lending has surged in popularity. However, concerns about liquidity risks persist. Before participating, learn the mechanics and risks of NFT-backed loans.
Key Questions:
How does NFT lending work?
- Borrowers use NFTs as collateral for loans, while lenders earn interest.
What are the risks?
- Volatility and liquidity shortages can lead to defaults.
Is NFT lending growing?
- Yes, platforms like Blend attract millions in liquidity.
By Rosie Perper | Deputy Managing Editor, Web3 & Learn
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