Is NFT Mania Coming Back? Sector Adds $1 Billion in a Day
NTFs are seeing what could be the start of a market revival as their market capitalization surges on the day. The big move was observed by crypto analytics platform CoinGecko,…
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Opensea Acquires Rally to Enhance Mobile Experience and Token Trading Capabilities
Opensea has announced its acquisition of Rally, a move that aims to enhance its mobile and token trading capabilities. Chris Maddern, the new Chief Technology Officer of Opensea, expressed excitement…
South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures
Momint, a South African Web3 and crypto startup, has announced its closure due to rising operational costs, limited user growth, and a challenging funding environment. Founded in 2021, it was…
Adidas Enters FIFA Rivals Universe With Licensed Digital Products
Adidas will provide exclusive digital apparel and content for the new mobile game FIFA Rivals under a multi-year agreement. Exclusive Adidas Content Launches With FIFA Rivals on June 12 The…
Bored Apes Creator Yuga Labs Moves to Sunset Apecoin DAO, Launch Apeco
Yuga Labs, creator of the Bored Ape Yacht Club, has proposed terminating the decentralized Apecoin DAO and transferring its assets to a new entity called Apeco to accelerate ecosystem growth.…
NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche
Based on the most recent figures, non-fungible tokens (NFTs) generated approximately $474 million in sales throughout May, marking a 21.25% decline compared to April’s total. NFT Market Declines in May…
Nonprofit Infinite Node Takes Stewardship of Cryptopunks’ IP From Yuga Labs
The Infinite Node Foundation (NODE), a nonprofit focused on conserving digital art, has acquired full intellectual property rights to the iconic Cryptopunks collection from Yuga Labs, securing long-term stewardship for…
Uniswap Goes Live on Soneium, Enabling Onchain Entertainment Transactions and NFTs
Uniswap is now live on Soneium, Sony’s entertainment-focused Layer 2 platform, allowing users to swap, provide liquidity, and bridge across networks. This integration supports seamless value exchange for various digital…
April NFT Carnage: Sales Drop Over 39% as Market Stalls
Although April brought modest gains to the broader crypto economy, data reveals a continued descent in non-fungible token (NFT) sales, which contracted by 39.62% over the past 30 days. Ethereum…
Nike Faces $5M NFT Meltdown Lawsuit
Nike is facing a class action lawsuit after abruptly shutting down its crypto-focused subsidiary, RTFKT, leaving investors with significant losses tied to Nike-themed NFTs and digital assets. Plaintiffs, led by…