Yuga Labs, known for creating the highly sought-after Bored Ape Yacht Club (BAYC), recently made a bold decision to burn 4,295 HV-MTL NFTs. This move came as a response to the acquisition of their gaming IPs by Faraway, a blockchain gaming studio. The burning of these NFTs amounted to 14% of the total supply, reducing
NFTs
The NFT trading space witnessed a significant resurgence in the first quarter of 2024, with volumes across the top 10 marketplaces reaching a staggering $4.7 billion. The leading NFT marketplace during this period was Blur, recording $1.5 billion in volume and capturing a 27.6% market share, marking a significant increase from the previous quarter. Magic
The recent announcement of Sony and Microsoft’s plans to incorporate blockchain technology into their consoles has sparked a new era in the gaming industry. By integrating Non-Fungible Tokens (NFTs) into Playstation and Xbox games, players will have the opportunity to truly own their in-game assets and trade them with others. This shift towards ownership of
Recently, Yuga Labs made a strategic decision to sell two of its gaming intellectual properties (IPs), HV-MTL and Legends of the Mara, to Faraway, a prominent Web3 gaming studio. This move was aimed at shifting Yuga Labs’ focus towards their major projects, Otherside and Dookey Dash. Faraway, with its team of over 100 skilled professionals
Recently, the Instagram account of renowned actor Tom Holland fell victim to a hacking scheme. The hackers took advantage of his massive following of over 7 million followers to push a fraudulent cryptocurrency and NFT project. By impersonating Holland, the attackers announced a fictitious partnership with the well-known crypto exchange Binance, promoting the launch of
Avalon, the independent Web3 gaming studio, recently made waves in the industry with its successful fundraising round of $10 million. This funding, led by Bitkraft Ventures and Hashed, aims to propel the development of Avalon’s revolutionary blockchain gaming title, Avalon. This massively multiplayer online (MMO) game promises to revolutionize the gaming landscape by empowering players
Dentsu Inc. and Chiru Labs, the creators of the Azuki NFT project, have joined forces to bring forth a groundbreaking anime anthology series titled “Enter The Garden”. This trilogy, directed by the esteemed anime director Goro Taniguchi, known for his remarkable work in “One Piece Film Red” and the “Code Geass” series, is set to
STEPN, the innovative move-and-earn lifestyle app, has recently collaborated with global sportswear giant Adidas to introduce a limited-edition STEPN x Adidas Genesis Sneakers NFT collection. This groundbreaking partnership signifies the start of a long-term collaboration between the two companies, promising more NFT releases and physical wearable items in the pipeline. The Genesis of the Collection
Dapper Labs, a prominent player in the NFT market with projects like NBA Top Shot and CryptoKitties, has recently faced scrutiny from the U.S. Securities and Exchange Commission (SEC). The investigation, although closed in September 2023, has sparked curiosity among many observers about the events that transpired. In this article, we will delve into the
Slothana has quickly emerged as the latest meme sensation on the Solana network, capturing the attention of meme coin enthusiasts who are eagerly stacking Slothana (SLOTH). This 420-friendly token has gained significant traction ahead of Bitcoin’s halving and the international stoner day on April 20. In just three weeks since its initial coin offering (ICO)