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Bored Ape Yacht Club (BAYC), creator of the popular Bored Ape nonfungible token (NFT) collection, announced Thursday that ultraviolet lights used during its ApeFest event in Hong Kong last week likely caused eye and skin injuries reported by attendees. BAYC said in a statement posted to Twitter that an investigation undertaken with event producer Jack Morton Worldwide concluded the UV lighting rigs were the “most likely cause” of the medical issues. Some attendees complained on social media of experiencing eye pain and discomfort during the Nov. 3-5 event. BAYC said it has been in contact with those affected. You might also like: Bitcoin Frogs outpaces Bored Apes as the most popular NFT The incident came during a rocky period for BAYC and the NFT market as a whole, which has plunged from historic highs reached during the pandemic. The collectible digital assets, which verify ownership through blockchain technology, surged along with cryptocurrencies like B...

Casey Rodarmor, the creator of Bitcoin Ordinals, clarified that the inscription numbers would only be changed, but not scrapped entirely. Bitcoin Ordinals's creator and chief coder Casey Rodarmor has recently proposed changing the protocol's numbering system, with the aim of simplifying the project's codebase. Since the beginning of the Ordinals protocol, each nonfungible token (NFT) created using Ordinals was assigned an inscription number that was unique. They functioned similarly to serial numbers and have been an integral part of the digital art minted in the protocol. I guess the cat is out of the bag! In short, I think that the effort to keep inscription numbers stable hasn't been worth it, and has led to ugly code and stalled development, since new changes need to be extremely and often awkardly careful not to change the numbers of old… https://t.co/SsEqjdtZFB — Casey (@rodarmor) September 19, 2023 However, Rodarmor believes that keeping the inscription numbe...

NFT Steez sits down with Web3 advocate Julie Plavnik to discuss the concepts of self-sovereignty and digital identity in Web3-based creator economies. On this week’s episode of NFT Steez , hosts Alyssa Exposito and Ray Salmond meet with Web3 content writer Julie Plavnik to discuss the importance of self-sovereignty while building a digital identity in Web3.  Plavnik referenced author Gavin Wood when describing Web3 and said that “communication” is a core tenant in the subsequent iteration of the internet. “Web3 is the communication of encrypted channels between decentralized identities,” Plavnik affirmed. According to Plavnik, the emerging concept of Web3 has placed a magnifying glass over user data and ownership, especially concerning the creator economy, which Plavnik described as a place with “no entry barriers or casting.” During the show, Plavnik explored how users are coming around to the notion that they can potentially monetize their individuality in Web3, but she questioned h...