Articles about nft and crypto
Disney Lays Off Metaverse Team
Disney is disbanding its next-generation storytelling and consumer experiences unit as part of a company-wide staff reduction. The cuts include its metaverse team, with its 50-strong headcount being let go.Disney Questions Web3 ValueDisney is questioning the continued value of Web3. The company is i...
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Gucci Partners with Yuga Labs for NFT Fashion Line
Gucci, the world-renowned fashion brand known for its luxury items, has recently announced its partnership with Yuga Labs to create a new NFT fashion line. NFTs, or non-fungible tokens, have been gaining popularity in the art world, but this marks one of the first times that a major fashion brand ha...
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Magic Eden Launches Marketplace for Bitcoin Ordinals
IntroductionMagic Eden, the largest Solana NFT marketplace, has added support for Bitcoin Ordinals. It is the latest multi-chain move for the startup, which was valued at $1.6 billion as of June 2022.What Are Ordinals?"Bitcoin NFTs" have taken off over the last two months thanks to the launch of Ord...
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Metaverse NFT Trading Volume Reaches All-Time High
The first quarter of 2023 saw a spike in virtual land trading with 147,000 trades generating $311 million in trading volume, according to a report by DappRadar. Trading in non-fungible tokens (NFTs) also increased across virtual worlds, totaling $311 million so far this year. The report noted that v...
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Luxury Fashion House Balmain Drops Unicorn Sneakers Bundled With NFT Version
French luxury fashion house Balmain has launched a new Web3 project: a limited series of NFT sneakers based on its Unicorn shoe line. The collection, known as the Unicorn Phygital Wearable Collection, includes 130 Unicorn sneaker NFTs, each packaged with identical physical counterparts. There are fi...
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Immutable and Polygon Labs join forces to revolutionize Web3 gaming
Immutable and Polygon Labs have announced their partnership to drive the adoption of Web3 gaming. With multi-billion-dollar gaming experiences, both companies plan to help gaming developers bring their vision to the Web3 space more accessible than ever. As part of their partnership, Immutable has ad...
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Pudgy Penguins to Host Immersive Experience at NYC’s Lightbox
On April 12, Pudgy Penguins will be taking over New York City with an immersive and interactive experience at the Lightbox.What to Expect from Pudgy NYCThe loveable Pudgy Penguins NFT collectibles are bringing an immersive and interactive experience to New York City. Fans can interact with their fav...
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Concerns Raised About Blur NFT Marketplace's Trading Volume Legitimacy
IntroductionBlur, a four-month-old NFT marketplace, has recently surpassed OpenSea as the market leader in terms of the trading volume. However, concerns about the legitimacy of Blur's trading volume have emerged, with CryptoSlam accusing the platform of market manipulation.The Rise of Blur NFT Mark...
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Doodles Is "No Longer an NFT Project"
Doodles Shifts Focus from NFTs to Media FranchiseJordan Castro, one of the founders of Doodles, a non-fungible token (NFT) project, has announced that the brand is shifting its focus from being an NFT project to becoming a top-tier media franchise. The move comes as part of a broader strategy to dis...
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Yuga Labs Organizes "Summoning Ritual" Event
Yuga Labs, the creator of Dookey Dash, a blockchain-based game, has recently made an exciting announcement. The company has organized a "summoning ritual" event that will bring a unique power source from another dimension into our world. According to the Bored Apes Gazette, the event is linked to th...
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