👨‍🍳 Sandbox is launching Gordon Ramsay NFT avatars

👨‍🍳 Sandbox is launching Gordon Ramsay NFT avatars 🗞️ Rollkit introduces sovereign rollups for BTC 🐒 Yuga Lab's Ordinals launch rakes in $16m in 24 hours

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👨‍🍳 Sandbox is launching Gordon Ramsay NFT avatars 

🗞️ Rollkit introduces sovereign rollups for BTC

🐒 Yuga Lab's Ordinals launch rakes in $16m in 24 hours

Sandbox is launching Gordon Ramsay NFT avatars

The Sandbox is putting Gordon Ramsay into the metaverse. The world-famous celebrity chef will be coming to the sandbox in a series of 2,333 NFT avatars that users can mint and use as their digital identity.

Web3, in general, has issues gaining mainstream traction. The Sandbox on other hand is basically the only platform to break the curse and stay afloat despite the hurdles. The game (app/platform, whatever you want to call it) has managed to secure big corporate partners and some celebrities who understand the potential of metaverse platforms. As part of this move, it has announced a partnership with ITV Studios and plans to create a metaverse experience inspired by Ramsay’s show “Hell’s Kitchen.”

Knowing Sandbox, they will probably move beyond simple NFT avatars though, we're probably talking some sort of virtual Gordon Ramsay-inspired challenges and game events.

Despite the market trends, Sandbox keeps trying to make the metaverse work. Maybe the metaverse is not going to be a boring Zucc-inspired second life clone, but something completely else, something that we haven't even thought of yet. In any case, we're as bullish as ever about the metaverse, and in particular The Sandbox.

Rollkit introduces sovereign rollups for BTC

After the success of NFTs, BTC's Taproot is bound to get more mempool traffic than Times Square on New Years. No one could have guessed that the OG crypto asset could make a comeback in such a way.

But this time, some devs out there want to give BTC an even bigger makeover with rollups.

Rollkit, a team developing modular framework for BTC rollups has recently released a framework that would allow sovereign rollups on Bitcoin.

Apparently, Rollkit allows users to produce rollups by retrieving and storing data on the BTC blockchain itself, even though it says that it's still an early "research implementation".

Still, these are not going to function similarly to Ethereum's rollups (created to shift some load from mainchain to sidechains) as a fully sovereign rollup would technically be an alternative L1 that stores its data on the BTC chain itself, and as result, waste blockspace (which is something BTC maxis are SUPER mad about), so people who used to download the entire blockchain to their regular 500GB hard drives can kiss those days goodbye.

Yuga Lab's Ordinals launch rakes in $16m in 24 hours

Talking about BTC's NFTs, Yuga Lab's first ever Bitcoin Ordinal NFT collection managed to rake in an astonishing 735.7 BTC ($16.5 million) in just 24 hours. 288 bidders have managed the NFTs from the TwelveFold collection and are set to receive their NFTs within one week. The collection is a visual representation of 300 Bitcoin transactions, each inscribed with a unique ordinal number.

According to the TwelveFold leaderboards, users had to pay between 2.2 and 7 BTC ($44,000 - $157,000) to own an NFT of their own, which cannot be overstated as a great deal.

How much are those pictures of bubbles going to cost over time is anyone's guess but it depends on your perspective. The sentiments around the NFTs range from "it's a great investment" to "it's an utter waste of money", making it all the more interesting. You will NEVER truly know what the future holds for this market.