2023 Underground Art Market Report
Yuga Labs, creators of the Bored Ape Yacht Club (BAYC) NFT collection, recently secured a significant legal victory. The US District Court ruled in favor of Yuga Labs against defendants Ryder Ripps and Jeremy Cahen, ordering them to pay a hefty sum of $8.9 million …
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AltLayer’s token airdrop faced community backlash over perceived unfairness in distribution. Some users received as much as $135,000 for holding a specific AltLayer community NFT. Similar issues have arisen in previous airdrops, indicating challenges in achieving equitable token distributions. AltLayer is tackling concerns over the …
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Polygon has solidified its position as the leading blockchain for non-fungible tokens [NFTs], clinching the top spot, according to data from Coin98 analytics. The scaling network has demonstrated unparalleled performance by minting over 16 million NFTs, outpacing all other blockchains. Notably, this achievement comes after …
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In recent times, the term “NFT” has become increasingly popular, creating a buzz in the worlds of art, entertainment, and technology. But what exactly is an NFT, and why is it capturing so much attention? Let’s dive into the basics of NFTs in simple terms. …
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Table of Contents Key Takeaways NFT artist Ryder Ripps and his associate Jeremy Cahen have been ordered by a US court to pay Bored Ape Yacht Club (BAYC) developer Yuga Labs nearly $9 million in profits alongside other penalties for infringing on BAYC’s intellectual property. …
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NFTFN, a web3 investment platform and decentralised exchange, has secured a sport in Pivot’s flagship Web 3.0 acceleration program. Pivot is a global Web3 venture accelerator that supports companies in navigating the complex Web 3.0 landscape.Pivot’s acceleration program will focus on critical milestones in NFTFN’s …
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“The Everything Token: How NFTs and Web3 Will Transform the Way We Buy, Sell, and Create,” the new book co-authored by Steve Kaczynski and Scott Duke Kominers, is making waves for its unique approach to demystifying NFTs and blockchain for a broad audience. Since its …
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GameStop has given up on NFTs. Less than three years after first hinting at its interest in NFTs, GameStop has ditched its NFT marketplace. As announced in January, the platform is no longer functional for buying and selling assets as of February 2, though it …
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Magic Eden recently launched a cross-chain rewards program that incentivizes the use of its popular NFT marketplace across Solana, Bitcoin, Ethereum, and Polygon, along with opportunities tied to its new multi-chain wallet. Beyond its rewards program, Magic Eden also recently announced that it will open-source …
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Table of Contents The allure of creating your own NFTs and BRC-20 tokens is undeniable. For artists, owning and monetizing their digital creations through NFTs offers a new level of control and potential financial reward. Beyond the realm of art, NFTs can foster passionate communities, …
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