This is the second layoff by the pioneering NFT marketplace after the crypto winter and a stubborn bear market for collectibles.
Popular NFT collections take massive price hit in 2023
Investments in top NFT projects such as Doodles, Invisible Friends, Moonbirds and Goblintown have lost up to 95% of their value in Ether.
NFT investor accidentally burns $135k CryptoPunk trying to borrow money
While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation.
Yuga Labs accused of IP theft for trademarking BAYC wolf skull logo
NFTs were introduced to the world to help solve the illegal use of intellectual properties and protect artists — the very problem Yuga Labs has been accused of doing.
A beginner’s guide to NBA Top Shot NFTs
The collective sales volume of NBA Top Shot NFTs has dropped 99% from its February 2021 peak.
Yuga Labs acquires Beeple’s 10KTF game, hints at metaverse integration
Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs.
New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps
NFTs from Layer 2 were not previously recognizable to apps like Twitter.
Trademarks filed for NFTs, metaverse and cryptocurrencies soar to new levels in 2022
Trademark applications filed for NFTs alone grew from a total of 2,142 filed for 2021 to 6,855 by the end of October 2022.
NFT project Azuki launches Physical Backed Token
The company said that the open-source token standard intends to tie a physical item to a digital token on the Ethereum blockchain.
Academy Award winner Anthony Hopkins sells out NFT collection in minutes
The collection features 1000 original cinematic art pieces inspired by the actor’s award-winning career.
Formula One files ‘F1’ trademarks covering crypto, NFTs and Metaverse
The racing competition has plans to set up an online marketplace for cryptocurrency, meta tokens, digital collectibles, crypto-collectibles and NFTs.
Opensea to allow users to submit bulk NFT listings and purchases
The company said that users can now list and buy up to 30 items in a single flow.
Warner Music Group partners with OpenSea to create more Web3 opportunities for artists
The company stated that select artists can launch their NFT collections and limited-edition projects on their own dedicated drop pages.
Anonymous makes numerous allegations against Yuga Labs and its Bored Ape Yacht Club
The Internet hacktivist group called on high-profile celebrities and big brands to speak up and take a stand.
Selling physical items as NFTs, explained
A growing number of physical items are being immortalized in NFT form. What are the opportunities here… and the challenges that need to be addressed?
OpenSea to allow creators to host token sales directly through its homepage
The marketplace intends to prioritize storytelling by allowing NFT creators to design customizable drop pages, share images, videos and more.
Mean Girls set to make Web3 comeback as “crypto-collectibles”
Newly filed trademarks from Paramount Pictures suggest elements of the teen cult classic may come back in the form of “crypto-collectibles” and non-fungible tokens (NFTs).
Japanese gov’t issues NFTs to reward local authorities’ work
A total of seven mayors received the NFT awards for various initiatives they undertook to ease the lives of the public in their respective regions.
Tencent shuts down NFT platform as gov policy makes it impossible to thrive
While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector.
Croatian Web3 startup offers lifetime Netflix and Spotify membership via NFTs
The subscription-based unique NFT is capped at 10,000 and buyers would receive a digital debit card along with the NFT to pay for their subscription.