Tue, March 19

Starbucks’ Odyssey NFT Program Set to Close Amid NFT Market Downturn

Odyssey, Starbucks’ two-year NFT Program, will come to a close at the end of the month. The news was first shared by Steve Kaczynski, who is the community lead for Starbucks Odyssey. The decision is made at a time when the NFT market is going through a tough patch, with

March 17, 2024 2 mins read

Bored Ape Yacht Club NFT Crashed 189%, Sinks to August 2021 Low

Amidst a continuous downturn in the NFT market, the Bored Ape Yacht Club (BAYC) has witnessed its floor price plummet to 17.55 ETH or $66129.98, marking a significant dip since August 2021, when it last dipped below 20 ETH. This decline represents a significant 189% decrease from its peak of

March 6, 2024 2 mins read

Magic Eden Surpasses $50 Million in NFT Sales Amidst NFT Renaissance

According to a statement by Magic Eden’s CEO and co-founder, Jack Lu, the platform’s sales reached $50 million, which caused a stir in the world of digital assets. Magic Eden is a well-known decentralized NFT marketplace. As the community’s euphoria around the possible rebirth of the NFT arena is reflected

March 6, 2024 2 mins read

NFT Community Excited As Blur and Blast Take Impressive Moves

Ethereum Layer 2 network, Blast, celebrated the launch of its mainnet on Thursday, marking a milestone in its journey. The platform, boasting assets including approximately 469,000 ETH, 77.3 million USDC, 67.1 million USDT, 148,000 stETH, and 24.7 million DAI, is now allowing users to withdraw their funds, according to data

March 1, 2024 1 min read

Is Yuga Labs’ Stand Against Non-Royalty NFT Platforms a Game-Changer?

Yuga Labs, a leading NFT studio renowned for its iconic Bored Ape Yacht Club and Mutant Ape Yacht Club collections, has made a groundbreaking decision. The company announced it will stop working with NFT marketplaces that “don’t support royalties for all creators.” This move signifies a pivotal moment in the

February 27, 2024 2 mins read

Shiba Inu Ecosystem Unveils Phases for SHEboshis NFT Minting

Shiba Inu ecosystem team has recently announced the minting phases for SHEboshis, a collection of 20,000 uniquely generated NFTs designed for the SHIB community. This digital collection has garnered significant attention within the crypto community, with enthusiasts eager to participate in the minting process. The minting process is divided into

February 23, 2024 2 mins read

Yuga Labs Co-Founder Greg Solano Takes Helm as CEO

The co-founder of NFT powerhouse Yuga Labs, Greg Solano, has declared his decision to step into the position of chief executive officer. Daniel Alegre, who was chief operating officer of Activision Blizzard and served as CEO for about 10 months at Yuga Labs, is making way for the co-founder. Even

February 21, 2024 1 min read

eBay Reportedly Cuts 30% Web3 Workforce Amid NFT Marketplace Struggle

E-commerce behemoth eBay reportedly intends to leave the NFT market no later than two years after purchasing KnownOrigin, an NFT marketplace based in Manchester. Sources close to the situation have revealed that roughly 30% of eBay’s Web3 crew has been let go. There has been some upheaval in eBay’s venture

February 20, 2024 1 min read

Yuga Labs Acquires Moonbirds NFT Collection Creator ‘Proof’

Yuga Labs is rapidly expanding in the NFT sector with strategic moves. The Moonbirds-renowned Proof, a competitor in the non-fungible token creation space, was bought out by the corporation. Yuga Labs CEO Daniel Alegre stated: “As a company committed to championing art, culture, and community on the blockchain, we’re excited

February 18, 2024 1 min read

Pudgy Penguins Witnesses Significant Interest, Boosting Ethereum NFT Volume

The volume of Ethereum NFTs traded on-chain last week is at its greatest level since the week of Feb. 26, 2023, while Bitcoin NFT trading surely experienced a large surge this autumn. The volume of Ethereum NFTs is increasing because Pudgy Penguins, the third largest NFT collection by market value,

February 12, 2024 1 min read