In this week’s newsletter, I’m excited to share that Bitcoin-based NFTs have surged to the top three in all-time sales volume, surpassing Ronin with over $4.27 billion. They now trail only Solana and Ethereum in the rankings.

Ronin's zkEVM to Revolutionize Web3 Gaming

Ronin is gearing up to launch Ronin zkEVM, a zero-knowledge Ethereum Virtual Machine blockchain designed to scale Web3 gaming. Initially developed for Axie Infinity, Ronin now supports a larger gaming ecosystem with 1.4 million daily active addresses. Jeff Zirlin, Sky Mavis co-founder, mentioned that the network is preparing to handle up to four billion daily transactions. The zkEVM chain promises to boost scalability, enhance cross-chain experiences, and improve staking rewards.

Bitcoin NFTs Overtake Ronin in All-Time Sales

Bitcoin NFTs have climbed to third place in all-time NFT sales volume, surpassing Ronin. As of June 18, CryptoSlam data shows Bitcoin-based NFTs have exceeded $4.27 billion in sales. In the past month alone, Bitcoin NFTs generated $148 million in sales, trailing only Ethereum’s $157 million, with Solana at $77 million. Despite this achievement, NFT sales have declined, with the top three chains seeing a drop of at least 40% in the last 30 days.

Tokenizing Music Catalogs: The Future of Web3 and the Music Industry

Tokenizing music intellectual property could be the next big thing for integrating music into virtual environments like the metaverse. In an exclusive Cointelegraph interview, Sergio Mottola, CEO of Music Protocol and the Web3 Music Association, explained that current hurdles in bringing music into the metaverse stem from complicated negotiations with the music industry. Mottola envisions a future where a vast catalog in Web3 allows users to easily organize concerts and listen to music without traditional barriers.