🚀🦎 Is Simpsons Predicting The Future of NFTs? 📺

Tuesday, November 7, 2023

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Simpsons Treatment!

In a recent episode of The Simpsons titled "Wild Barts Can't Be Token," the show creators delved into the world of blockchain and non-fungible tokens (NFTs).

In the storyline, Bart gets accidentally turned into an NFT, and Marge ventures into a blockchain-based realm to rescue him. The episode parodies various aspects of the NFT world, referencing iconic NFTs and artists like the Bored Ape Yacht Club and Beeple. It also humorously highlights the speculative nature of NFTs, with Homer initially upset by Bart's transformation but later thrilled by the NFT's appraised value of $1.5 million.

In today's news, several visitors reported instances of "eye burn" after attending ApeFest, Ava laid off 12% of its workforce and Kraken reportedly looking for a partner to create a new Layer-2 blockchain.

Read on!

24h Hot Searches Worldwide 🔥

Ordinals (+40.7%)
Toncoin (+3.5%)
Dione (+3.4%)
Polygon (-0.1%)
Kujira (+12.9%)
Litecoin (-0.1%)
UniLend Finance (+19.0%)

Tokenized US Treasuries Market Share

Tokenized US treasury bills have surged in popularity in 2023, with the sector's market cap increasing from $113.9 million in January, to $704.4 million by the end of October. This represents a gain of 518.3% year-to-date.

Franklin Templeton has the lion's share of the market, though newcomers in 2023 have risen up to challenge it.

Debank is a popular wallet and portfolio tracker, but has been busy expanding its features to include socialfi elements and is even launching its own Layer-2.

Find out how to be eligible for a potential airdrop in this video!

Find out now!

Safety Hazard

ApeFest, an event hosted by Yuga Labs, the creator of Bored Ape Yacht Club and Mutant Ape Yacht Club, took place in Hong Kong over the weekend. However, the event left several attendees with eye problems.

After the event, many participants complained of experiencing "eye burn" on X, which they attributed to the intense light show at a party.

Decrypt

Another Lay-off

Ava Labs, the primary developer behind the Avalanche blockchain, announced a workforce reduction, resulting in a 12% staff cut.

Emin Gün Sirer, the founder and CEO of Ava Labs, explained in a post on X that these reductions are aimed at reallocating resources to further support the growth of the company and the Avalanche ecosystem.

The Block

Kraken In The Making

Kraken, a cryptocurrency exchange operator, is reportedly in search of a partner to collaborate on the development of a new Layer 2 blockchain, similar to what its rival exchange Coinbase did with the introduction of Base earlier this year.

Coinbase's Layer 2 solution has been successful in gaining market share and expanding its revenue sources.

CoinDesk