Last week, the NFT firm Recur announced that its Web3 platform is shutting down, having succumbed to the crypto winter despite hosting the IP of numerous major names, like Hello Kitty and Nickelodeon. Recur said in a blog post that it would be gradually removing essential functionalities from its platform
Although Bitcoin’s price has dropped recently and there have been rumors that the euphoria around Bitcoin NFTs has faded down, ordinary inscriptions remain in control of network activity as per recent statistics. Ordinals developer “Leonidas” said on August 21 that out of Bitcoin’s 530,788 transactions in the previous day, 450,785
Bored Ape Yacht Club (BAYC) NFT collection developers Yuga Labs announced their intention to end their partnership with OpenSea. This is in reaction to the platform’s anticipated move toward a discretionary royalties structure. Royalties will no longer be required for new collections after August 31, 2023. This is under a
According to DappRadar, trading volume for the Bitcoin Ordinals NFT has plummeted by about 98% since May, indicating a severe decline in user engagement. DappRadar reported on August 17 that the overall sales volume of Bitcoin Ordinals has dropped from $452 million in May to under $3 million as of
The Cosmos (ATOM) and Polkadot (DOT) cryptocurrencies have been on a bearish run during the past 30 days, and as a result, a lot of investors have begun to diversify their holdings. However, another cryptocurrency has managed to capture a significant level of attention, Everlodge. Through this upcoming real estate
Coinbase’s recent launch of the Layer-2 platform Base has triggered a wave of digital innovation, with notable companies like Coca-Cola joining the trend. The American multinational behemoth has entered the non-fungible token (NFT) arena with its ‘Masterpiece’ collection on August 13. This eight-NFT collection features a blend of traditional masterpieces
The FBI has published a PSA alerting consumers against non-fungible token (NFT) scams in which fraudsters pretend to be the creators of well-known projects. It was noted that the criminals hijack the accounts of NFT developers and undergo digital theft activities by draining the victim’s wallet. Also, an alert number
The European Edition of the prominent Global Blockchain Congress by Agora Group that took place on July 24th & 25th, 2023 at Hilton London Bankside, UK, was a huge success. This edition’s main theme was: DeFi, Gaming, Metaverse, and NFTs, which brought A-list speakers, some of the industry’s top-level experts,
Sorare, a Web3 fantasy-sports firm, now accepts fiat payments for its digital trade cards instead of requiring customers to only purchase in ETH. Managers (participants) in the Sorare blockchain-based game may acquire and transfer non-fungible tokens (NFTs) representing professional athletes to form teams for tournament participation. The platform has licensing
Blockchain technology’s recent revolution has initiated a profound shift across various sectors, with the gaming industry at the forefront. Leading this innovation is MetaCene, a pioneer in the world of next-generation blockchain-based MMORPGs. MetaCene, incubated and published by MixMarvel, welcomes players into a post-apocalyptic society where survivors use an array
