A picture of Funko's Disney NFTs, Sotheby's auction Bitcoin Ordinals project, and other technologies of Web 3.0.
Nifty News: Funko’s Disney NFTs, Sotheby’s auction Bitcoin Ordinals project, and more

Web 2.0 vs. Web 3.0

As technology advances, so does the internet. Web 2.0 and Web 3.0 are two different versions of the internet that have distinct differences. Web 2.0 is the current version of the internet, while Web 3.0 is the future version.

What makes Web 3.0 different from Web 2.0? Web 3.0 is a decentralized platform that uses blockchain technology and artificial intelligence (AI). It also utilizes non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) to create a new digital, trustless metaverse.

How does this compare to Web 2.0? Web 2.0 is a centralized platform that does not use blockchain technology. It relies on a single server to store and process data. Web 2.0 is also limited in its capabilities for automation and data sharing.

In conclusion, Web 3.0 is a revolutionary upgrade from Web 2.0. It uses blockchain technology, AI, NFTs, DAOs, and DeFi to create a new digital, trustless metaverse. Web 3.0 is the future of the internet.

Disney and Funko release trading card NFTs

Pop culture collectible manufacturer Funko has teamed up with Disney to introduce non-fungible token (NFT) trading card packs, transforming its Pop! figurines into digital trading cards on the WAX blockchain.

Funko Pop! collectibles are popular for their small size and bobbleheads. Some of these items are highly sought after by collectors, with some figurines selling for up to $100,000 in the secondary market.

The collectibles feature popular characters from franchises such as Marvel, Star Wars, DC Comics and others. The toy manufacturer also releases iconic figures from pop culture, often wearing different attires and striking unique poses.

The collaboration will see the issue of a new series of Funko Digital Pop! collectibles, which feature Disney’s Mickey Mouse, Minnie Mouse, Donald Duck and other characters. The digital NFT trading card packs will be released on Dec. 12 at 7:00 pm UTC. Those who purchase the NFTs will have a chance to get a rare physical Funko Pop! figure.

William Quigley, the co-founder of WAX, told Cointelegraph that despite the bear market in the crypto space, NFT technology remains promising. He said:

The executive believes that the trend of traditional companies embracing Web3 technology will continue. “Although some companies may have been scared away initially by the market crash, as they witness successful use cases such as those being delivered by Funko, the advantages of the technology and consumer experience will bring them back,” Quigley added.

The release of Funko’s NFT trading card packs is a great example of how Web3 technology, such as blockchain and DeFi, is being used to create NFTs, DAOs, and other digital assets.

Sotheby’s auctions Bitcoin Ordinals project

Fine arts auction platform Sotheby’s is auctioning the BitcoinShrooms project, part of the Bitcoin Ordinals. From Dec. 6 to Dec. 13, the NFT project based on the Bitcoin blockchain will be available at Sotheby’s New York.

The project was created by the artist Shroomtoshi and is a collection of references to Bitcoin’s technical concepts and iconic Bitcoin (BTC) memes. According to Sotheby’s, the collection “captures Bitcoin’s essence” from the perspective of those who got into it very early. At the time of writing, bids for various BitcoinShrooms range from $28,000 to $55,000.

The auction is a chance to explore the potential of the Web 3.0 metaverse, Defi, NFTs, and DAOs, and to compare it with the Web 2.0 era.

Solana and Bitcoin Competing with Ethereum in NFT Sales

The NFT arena has seen a slight shift as two new contenders have taken a bite out of the market, which Ethereum previously had a monopoly on. This week, NFTs in the Solana and Bitcoin networks have made great strides, with Bitcoin even surpassing Ethereum on certain days and Solana quickly catching up in the third position.

On Dec. 12, the Bitcoin network outpaced Ethereum in 24-hour sales volume, according to the NFT sales tracker CryptoSlam. NFT sales in Bitcoin amounted to over $24 million, largely due to the success of various Bitcoin Ordinals NFTs. The network also beat Ethereum in metrics such as the 30-day sales volume, with Bitcoin achieving more than $463 million in sales compared to Ethereum’s $373 million.

At the same time, the Ethereum network reported over $16 million in daily sales, with NFT collections like Matr1x Kuku and Pudgy Penguins still attracting buyers. Data also shows that the Solana network came in third, with over $6 million in 24-hour sales volume. Solana’s volume is largely driven by the Tensorians NFT collection, the DeGods NFT project and Gaimin Gladiators.

Although Bitcoin has made recent gains in the NFT market, the network is still nowhere near the all-time sales record held by the Ethereum network, which stands at over $41 billion. As of now, the Bitcoin network has accumulated $1 billion in all-time sales and is ranked sixth.

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