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Recent Developments in the NFT Ecosystem: Binance to Support Bitcoin-Based NFTs, Miladys Surges After Elon Musk Tweet, Aegis Custody Offers Free Services to Women, Pudgy Penguins Collection Gets $9M Funding, and More

Binance has announced its plans to support Bitcoin-based non-fungible tokens (NFTs) in its marketplace, reflecting the increasing demand for Ordinals. Miladys, a well-known NFT project, experienced a brief surge in its floor price after Elon Musk tweeted a meme featuring an avatar from the collection.

Aegis Custody is offering free custodial services to women for six months to facilitate their entry into Web3. The initiative aims to reduce barriers to entry and provide end-to-end custody and security services to women-led crypto companies.

Meanwhile, World of Women is expanding globally and has collaborated with House of Harlow to release a custom Monopoly board, and Peace Inside Live, a digital mental health collective, is launching an NFT collection to raise funds for mental health in Web3.

However, the launch of Blend, Blur's peer-to-peer NFT lending platform has raised concerns about the liquidity of the ecosystem. It is crucial to understand the risks involved before financing the purchase of an NFT or lending it out for quick liquidity.

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