Bored Ape Yacht Club (BAYC), one of the most popular non-fungible token (NFT) collections saw its first quarter sales fall more than $500 million by the end of March 2023 from the same period in 2022. This was the first
Disney has announced that it is abandoning plans to explore the metaverse, and the news has vibrated through many parts of the Web3 industry including cryptocurrencies. The animator, together with major fashion brands (Gucci, Louis Vuitton, Rolex, Yves Saint Laurent
The Pokémon Company is looking to hire a Web3 and blockchain tech expert, suggesting the Japanese gaming giant could be taking a more serious look at the metaverse and NFTs. According to a recent job posting, The Pokémon Company wants
NFT marketplace Blur has become the highest-generating trading volume platform in the digital collectibles space over the past three months. The platform surpassed OpenSea, the largest NFT marketplace by all-time trading volume, in December 2022. During the last month of
Proper legislation is necessary to resolve legal disputes related to trademarks, patents, and intellectual property in the metaverse, according to experts. Businesses should ensure their trademarks are protected in the new virtual world and make sure unique assets are also
Trump Digital Trading Card non-fungible tokens (NFTs) tumbled in January 2023 after it generated around $2.6 million in sales. For a project built around one of the most recognizable names across the globe, the statistic was tagged as a huge disappointment by many industry
Metaverse tokens have soared massively in the first two weeks of January with many cryptocurrencies seeing a price spike of more than 50%. Many analysts have attributed this to positive market sentiment for cryptocurrencies, renewed demand for non-fungible tokens (NFTs),
Non-Fungible Token (NFT) trademark filings in 2022 soared by 28,588% from 2020, according to data from the United States Patent and Trademark Office (USPTO) shared by licensed attorney Mike Kondoudis. The total number of NFTs filed with the organization in 2022
Manchester City Football Club, an association football team based in the United Kingdom are in process of launching a virtual fan engagement platform in the metaverse, according to a Proof of Concept (PoC) video shown at CES 2023. CES is the
Mutant Planet Ape (MAP) NFT creator Aurelien Michel was arrested for defrauding investors of $2.9 million in cryptocurrency. The 24-year-old French national, who was residing in the United Arab Emirates (UAE), was arrested at JFK International Airport on Wednesday. Also
OpenSea’s volume in the last three months of 2022 failed to breach the $1 billion milestone. As of the end of 2022, OpenSea’s volume for Q4 2022 was approximately $872 million, and much of the sales came from OpenSea Ethereum.
Chinese metaverse entrepreneurs are turning to overseas markets as the strict regulatory landscape back home is pushing them away. World over, metaverse and Web3 have become the buzzwords with tech companies and entrepreneurs scrambling for exciting business opportunities. Parent firm
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