Introduction

Greetings KodaDot community! We're back with another jam-packed roundup to keep you in the loop on the evolving NFT scene. From mainstream adoption to innovations enabling new models, there are exciting developments afoot. Read on for our take on the top stories and trends. And as always, let us know your thoughts!

‘The Simpsons’ Releases NFT Episode

A recent "Treehouse of Horror" episode of The Simpsons explored NFTs through a comedic lens. When Homer accidentally mints Bart as an NFT worth $1.5 million, it sets off a chaotic chain of events satirizing crypto culture. The episode humorously referenced prominent NFT projects as Marge tries to rescue Bart from being an NFT. Overall, the satirical take brings lighthearted perspective to the NFT world. Learn more

New Subscription Token Protocol (STP) Enables Time-Based Crypto Payments

The new Subscription Token Protocol (STP) allows creating time-based NFT subscriptions on-chain. Creators can issue STP NFTs that provide access to exclusive content until expiration. Users simply buy the NFT to unlock subscriptions, facilitating recurring revenue without credit cards. STP takes a 4% fee and splits it with partners building use cases. The protocol addresses limitations of existing NFTs for ongoing access and aims to enable sustainable membership models on blockchain. Learn more

KodaDot Introduces Auto-Teleport to Ease NFT Purchases

KodaDot has introduced an auto-teleport feature to make buying NFTs on Polkadot Asset Hub easier. It uses XCM to automatically teleport assets from the relay chain when needed. This eliminates friction from insufficient funds by seamlessly covering transactions. Users can now mint and purchase NFTs with minimal blockchain hurdles. Learn more

Conclusion

The accelerating news we cover each week reinforces that web3 and NFTs are here to stay. As global household names get involved and novel utilities emerge, the space only grows more dynamic. We're proud to chronicle this journey with all of you. Until next time!

Sincerely,

The KodaDot Team