Category: NFT

Meta is preparing to cut roughly 10% of staff from its metaverse-focused division, a move that underscores the company’s accelerating shift toward artificial intelligence. Key Takeaways: Meta plans to cut about 10% of Reality Labs staff as it shifts investment...

In a surprising turn of events, OpenSea, the world’s largest NFT marketplace, finds itself at the center of a brewing storm with the U.S. Securities and Exchange Commission (SEC). The regulatory body has issued a Wells notice to OpenSea, signaling...

PENGU, the Solana-based token tied to the Pudgy Penguins ecosystem, is drawing renewed attention from crypto traders and analysts who argue the asset is undervalued despite a broader cooldown in meme coin speculation. Summary “I don’t see this as an...

Animoca Brands has moved to strengthen its position in digital collectibles after acquiring gaming and collectibles studio Somo, expanding its footprint in Web3-native entertainment. Key Takeaways: Animoca Brands acquired Somo to expand its Web3 collectibles strategy. The deal aligns with...

Magic Eden, a leading NFT marketplace, recently announced the launch of a separate domain exclusively for its U.S. users. This move, aimed at complying with U.S. regulatory requirements, has sparked mixed reactions within the crypto community. The platform revealed on...

Gemini Trust Co., the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, said it will shut down its Nifty Gateway NFT marketplace, marking another retrenchment in the once-booming digital collectibles sector. Summary Gemini said Nifty Gateway helped introduce new creative...

Gemini is shutting down Nifty Gateway, one of the NFT sector’s earliest and most recognizable marketplaces, in a further sign of the industry’s continued retreat as the prolonged downturn drags on. In a statement on X, Nifty Gateway confirmed the...

In an exciting new collaboration blending fitness, fashion, and Web3 technology, StepN Go has partnered once again with Adidas to launch the Genesis Sneakers NFT collection on the Solana blockchain. This marks the second time these two brands have come...

The NFT market recorded $122.5 million in sales volume over the past week, surging 101.61% from the previous period. Summary NFT weekly sales surged 101.6% to $122.5M despite broader crypto market weakness. Ethereum led with $77.6M in sales, up 179%,...

US prosecutors have formally dropped their case against former OpenSea manager Nathaniel Chastain following an appeals court reversal that dismantled what was once positioned as the first NFT insider trading prosecution in American history. According to sources, the Justice Department...