Web 3.0 Woundup – 19/02/23

Reading Time: < 1 minute

This week’s Web 3.0 woundup sees a Bored Ape move to Bitcoin, a Cryptopunk move to Paris, and Sony move in with Astar Network. Want to know what the devil we’re talking about? Read on.

Aster Signs Deal with Sony

This week saw a deal between Astar Network and the Sony Group, through its subsidiary Sony Network Communications, to develop an incubation program for Web 3.0 projects focusing on decentralized autonomous organizations (DAOs) and NFTs. Sony plans to use the partnership to get a deeper understanding of blockchain’s place in solving problems in the decentralized world.

The partnership adds to Sony’s interest in blockchain technology which includes investments in the space and a patent for crypto mining equipment.

Bored Ape Leaves Etherum for Bitcoin

An NFT collector this week moved Bored Ape #1626 from Ethereum to the Bitcoin blockchain by burning it. The collector used Ordinals’ Teleburn service to conduct the transfer, adding to the recent popularity of the Ordinals NFT project that has already split the Bitcoin community. 

However, Bored Ape creator Yuga Labs has weighed in on the matter noting that the burnt NFT is now an “illegitimate” Ape. That’s the law of the jungle for you.

Resignation Letter Becomes NFT

Yuga Labs this week donated CryptoPunk #110 for display at France’s top art museum, Centre Pompidou, in a show that the NFT collection is moving up in the world. The CryptoPunk will share the stage with Larva Labs’ Autoglyph #25 and 16 other NFTs from an array of digital artists, as the museum makes its first step in recognizing digital collectibles. 

The move represented Yuga Labs’ second punk donation in an initiative aiming to give CryptoPunks to top art institutions.