Today's crypto and NFT highlights, summarised by AI

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#CryptoNews

1. Gary Gensler, the U.S. Securities and Exchange Commission Chair, has reiterated that bitcoin is a commodity and all other cryptocurrencies are likely securities.

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2. The Scroll ZKP testnet is currently leading the adoption of zkEVM, with its success upon mainnet launch to be determined by factors such as proof generation time, cost, and partnerships.

#NFTs

1. Yuga Labs has announced an experimental NFT collection, TwelveFold, which will be released in an auction-style format using Bitcoin on the Bitcoin blockchain.

2. Former Disney executive Jon Rogers examined how blockchain technology is disrupting Hollywood and the potential of it to reshape the industry.

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Sources

twitter.com/twitter/status/1630339810656223234
twitter.com/twitter/status/1630214156199645184
twitter.com/twitter/status/1630380471283511296
twitter.com/twitter/status/1630222339366584322
twitter.com/twitter/status/1630345361498816512

3. Blur, a rising NFT marketplace challenger, has been consistently flipping OpenSea's trading volumes and driving a war over creator royalties, leading OpenSea to adjust its monetization mechanics.