En Eff Tee News – March 20, 2023
🗼 Brigitte Macron, wife of French President Emmanuel Macron, is apparently an NFT enthusiast. In a recent interview, she discussed the potential benefits of Non-Fungible Tokens for the art world and expressed concerns over US regulations pushing the crypto industry abroad. She highlighted the importance of embracing new technologies like NFTs to promote artistic creation and support cultural institutions while emphasizing the need for more favorable regulations to avoid losing innovation and talent to other countries.
🖼️ Bitcoin ($BTC) ordinal NFTs have become a trending asset, with more than 500,000 NFTs minted in the last two months. This popularity has led creators to switch from blockchains like Ethereum ($ETH) to mint NFTs on the Bitcoin network. Despite the ease of creating and managing these NFTs through wallets like Hiro, Sparrow, and UniSat Wallet, concerns persist over their impact on the Bitcoin network. Critics argue that ordinal NFTs threaten the network’s privacy, security, and efficiency, as storing data like images, videos, and games leads to congestion and increased transaction fees.