Bluesky, the X alternative, saw record signups the following day of Elon Musk’s announcement to make his platform a subscription-only app. The X boss has suggested that everyone might soon need to pay a “small monthly” fee to use X,
The increasingly competitive non-fungible token (NFT) market is ending the promise of perpetual royalties for artists. With OpenSea and Blur battling it out for NFT market supremacy, the creators of digital art find themselves on the front lines and joining
The number of active users in the Decentraland and The Sandbox metaverses has dropped massively, according to DappRadar statistics. The two platforms had less than 4,000 unique active wallets in the past 30 days, while the floor prices of non-fungible
Harvard legal scholar Christine Kim called on governments to immediately tax all income and wealth made in the metaverse, even unrealized gains. In a new research paper, Kim argues that failure to do so would turn the metaverse into a
OpenSea volume during the second month of Q3 was the lowest it has recorded in the past two years, and the new low has reduced its standing in the ranks of the largest NFT marketplaces in the sector. OpenSea, a
The U.S. Securities and Exchange Commission (SEC) on Monday charged Los Angeles-based entertainment company Impact Theory with conducting an “unregistered offering of crypto asset securities” through non-fungible tokens, or NFTs. The enforcement action, considered the first by the capital markets
In a case highlighting the pitfalls of the booming Non-Fungible Token (NFT) market, Nathaniel Chastain, the former Head of Product for leading NFT platform OpenSea, faced stern repercussions for leveraging insider information to his advantage. According to a report from
Bitcoin Ordinals non-fungible tokens (NFTs) may be losing style as trading and sales volume crashed over 99% since May, according to a new report from DappRadar. The crypto tracking platform described the decline as “alarming.” Published Aug. 17, the report
Chinese reality TV show Sing!China is entering the metaverse. Web3 technology company NFKings is working with Hong Kong Stock Exchange-listed variety program IP operator Star CM Holdings to launch Sing!Meta, a metaverse version of the popular musical show. Sing!China is
Futureverse, a frontrunner in the AI and metaverse industry, recently announced the successful conclusion of its Series A funding round, raking in $54 million. The leading investors were 10T Holdings, LLC (“10T”), with a notable contribution from Ripple, a currency
BAYC outperformed several NFTs during the first seven days of July after seeing renewed interest in sales after a difficult period in June where the average sale value fell to new lows. BAYC, the Bored Ape Yacht Club was among
Sorare became an integral force in the non-fungible token (NFT) market at the end of the first quarter of this year. The project broke into the biggest-selling digital collections of all time by sales volume. Sorare is now a top
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