Nostr protocol creator Fiatjaf claimed on December 4th that Nostr Assets allows users to exchange their social profiles and followers on different platforms under the guise of a proximity scam. Fiatjaf stated that Nostr Assets does not have a direct connection to the Nostr protocol, but only uses the brand name Nostr and users are not required to invest any funds in this platform.
These allegations have not yet been proven by a legal institution. The developers of Nostr Assets have denied these claims as baseless and emphasized that Nostr, Taproot Assets, and Lightning are the structures they use, hence they can be associated with Nostr, but they also highlighted that Nostr is a decentralized, open-source, and censorship-resistant transfer network that anyone can build upon.
On December 3rd, the total volume of NFT sales on the Bitcoin network exceeded $1 billion. Additionally, Ordinals, a meme token minted on the Bitcoin network, became the first Bitcoin token to reach a market value of $1 billion. BRC-20 tokens introduced by Web3 developer Rodarmor in January continue to gain popularity as one of the biggest technological advancements in a 15-year-old blockchain.
Bitcoin Ordinals is a numbering system that assigns a unique code to each satoshi for tracking and transfers. Through the Bitcoin signing process that adds an additional data layer to each satoshi, users can have unique assets in the Bitcoin ecosystem.
Read more: https://en.coin-turk.com/bitcoin-developer-nostr-assets-suspends-deposits-amidst-record-user-activity/