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Finn DeGods, the pseudonymous co-founder of DeLabs, announced his departure from the company. This announcement comes at a time when the NFT market, particularly around DeGods, is experiencing considerable volatility. This article delves into the details of Finn’s departure, the timing, the recent decisions by DeLabs, and the market reactions that followed.Co-Founder’s DepartureFinn DeGods declared his intention to step away from the company after nearly two years. He stated on Twitter that it was time for him to move on to the next chapter, while still expressing bullish sentiments on DeGods and y00ts.After co-founding DeGods almost 2 years ago in…
Non-fungible tokens (NFTs) have emerged as a novel way for artists to monetize their work, with the promise of receiving a cut every time their piece is resold. However, this promise appears to be fading. OpenSea, once the largest NFT marketplace enforcing royalty fees, has announced a significant change in its policy, leading to a broader discussion about the future of the NFT ecosystem.OpenSea’s DecisionOpenSea has declared that it plans to stop the mandatory collection of resale fees for artists, starting March 2024. These fees will essentially become tips—an optional percentage of a sale price that sellers can choose to…
A soft launch from Champions Ascension today brings the world of Massina online in a more permanent state. Aside from maintenance periods and patches, the team plans to have the game available to the players 24 hours a day, 7 days a week! Starting today (August 17th, 2023), players can join the free to play world of Champions Ascension at any time! No longer will the world of Massina only be open for select windows on the weekends. Now it will remain open at all times, taking a major step towards becoming a living, virtual world! Champions Ascension is free…
The digital world keeps integrating with the physical realities as advancement in technology continues. There is nowhere else where the integration is more obvious than in the rise of non-fungible tokens (NFTs) across many sectors of the global economy. From music and art to alcohol and sports, NFTs seem to be creating a major buzz, and investors like them. The alcohol sector, specifically, is now seeing an integration of tradition and technology as bottles get tokenized to guarantee authenticity and provide distinct rewards. VIK Winery Is Pioneering Wine NFTs In Chile One notable operator in this innovative charge is VIK,…
NFT marketplace OpenSea is changing its creator fee structure. The platform has opted to make creator fees optional for new collections after Aug. 31. It will also disable the OpenSea Operator Filter, a tool that enforced creator royalties, according to a statement. Collections that used the filter up to that date will have their creator fee royalties enforced on OpenSea through Feb. 29, after which the fees will become optional. “To be clear, creator fees aren’t going away – simply the ineffective, unilateral enforcement of them,” OpenSea wrote. “In November 2022, we launched the Operator Filter: a tool designed to…
Launched in November 2021, non-fungible token (NFT) marketplace Orica (ORI) held itself as an “ethical platform” benefitting artists, collectors, and charities alike. At the time, the organization was involved in prominent projects such as building a school in Uganda to aiding victims of human trafficking, to helping Ukraine. But less than two years later, the project’s founders have disappeared, and the marketplace’s user interface has gone offline. All that remains are the project’s charity efforts, which proved to be genuine, in tandem with allegations from disgruntled users that the developers orchestrated a rug-pull. In a new revelation, co-founder Danial Zey…
Crypto exchange Coinbase has brought back the much-memed Pixelmon video game character “Kevin” as an NFT collectible in summer attire—both to celebrate the launch of its new Base network and also to provide various benefits to holders. Minting the collectible—which costs $2 or just under $2 worth of Ethereum (0.001 ETH)—on Ethereum scaling network Base gives buyers entry into a raffle for an in-game NFT egg, “perks” for a planned mini-game on Base, and the ability to purchase a physical Kevin building block set as a part of Coinbase’s “Onchain Summer” initiative. Pixelmon is an NFT-based game inspired by Nintendo’s…
Solana’s premiere marketplace Magic Eden has launched a $1 million fund for creators building on the Polygon blockchain. Users may apply to win funding for their Polygon-based web3 project, and selected parties will gain Magic Eden’s mentorship, marketing assistance, tech support and grant dollars to bring their project to market, Magic Eden wrote in a statement. The goal is to help bolster a blue-chip NFT presence on Polygon, a blockchain best known for web3 gaming. “The bear market has been rough for everyone,” Magic Eden wrote. “That’s why we’re encouraging builders in the ecosystem to find and support the best…
Star Atlas prepares to launch Sage Labs, a 2D web-based version of their game of galactic exploration, expansion, and exploitation. And while Sage Labs won’t have quite all of the systems from Star Atlas in place, it is a giant step forward towards active gameplay and a move away from their current, semi-passive staking system! Star Atlas was forced to downsize recently. So it will probably be a while before we see the fully functioning, grandiose, 3D space opera game. But, in the meantime, Star Atlas is putting a large portion of the game economy into a real-time, MMO, web…
August 13 marked a milestone for the NFT project DeLabs, launching its highly-anticipated DeGods Season III project. This debut was poised for success over enriched ‘Downgrade’ digital artworks with simplified yet vibrant colors and fresh traits. However, the project’s reception fell short of expectations.Despite surfacing just four days ago, the floor prices of DeGods, its sister project, y00ts, and native coin $DUST have dropped by more than 50%. Further casting a shadow over DeLabs’ collectibles, trading volume for the DeGods NFTs has also dipped by as much as 17%.This surprising turn of events goes against the projected outcome of many…
