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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The floor price of popular non-fungible tokens (NFTs) is plummeting. Across the board, we see stories of vast amounts of money disappearing and no one is immune. All eyes are on the crypto industry; all eyes are watching to see where innovation will take us. Yet oftentimes it feels like headlines focus on trivial market fluctuations driven largely by random explosions of activity in trading and minting NFTs. The future is clear: we must move past the…

Sotheby’s, the renowned international auction house, has been named as a defendant in an ongoing lawsuit filed by a group of investors against Web3 company Yuga Labs, the creators of the popular Bored Ape Yacht Club (BAYC) collection. The lawsuit, which originally targeted Yuga Labs alone, has been amended to include Sotheby’s, alleging the auction house’s active participation in misleadingly promoting the BAYC NFTs.Allegations of Misleading Marketing and ManipulationThe investors’ legal filing accuses Sotheby’s of not only promoting the BAYC NFTs in its public sales results but also attempting to manipulate the collection. The plaintiffs argue that Sotheby’s misrepresented the…

The first game in the Eldarune universe has launched on the mainnet, with access slowly rolled out to those chosen through an open whitelist process. With the ability to receive both ELDA tokens and NFTs from finishing dungeons, Eldarune is sure to attract a number of adventurers eager to try their luck in the dungeons! The first mainnet launch for Eldarune brings us a dungeon adventure mode. Officially known as “Eldarune — WoE“ Dungeon mode, this mode is a dungeon survival style game where players must face and defeat waves of “Quadro-enemies” Players assemble teams of four characters and venture…

The popular NFT project DeGods saw trading volume increase five-fold last week to $16.1 million from nearly $2.6 million in the previous week, according to The Block’s Data Dashboard. The floor price of a DeGods NFT now sits at 7.1 ETH (over $13,000), according to the NFT marketplace OpenSea. y00ts moves to Ethereum The surge is likely due to two major announcements for DeGods, which both came on August 10. The first is the decision to bring DeGods’ sister project y00ts onto Ethereum, with the founder known as Frank saying the migration will unite the DeGods and y00ts communities. DeGods…

A new, free NFT mint is on the way! Called ‘The Awakening’, this dynamic NFT series from Morra games will allow players to customize their NFTs as they build towards reaching Genesis tier. Officially titled, Mora: The Awakening, this NFT collection, includes three layers — Mystical Runes, Enchantments, and Genesis. Players start with Mystical Runes and try to work their way up to a Genesis NFT. Everything begins with the Runes. Mystical Runes function as an unlock mechanism for Enchantments. Users who use Runes to unlock the Enchantment tier will receive a random Enchantment NFT. a few Enchantments for ‘The…

Draw your swords and sally forth! Kongregate has upgraded its flagship RPG, Bit Heroes Quest, to incorporate NFTs and Web3 technology. Going forward, players can opt-in to a variety of incredible features that will allow them to truly own their hard-earned gaming assets.Launched in 2016, and acquired by Kongregate in 2019, Bit Heroes Quest has proven itself as a major player in the casual gaming market. Through its addictive turn-based mechanics and retro aesthetics, the much-loved title has garnered over 14 million downloads and hundreds of thousands of positive reviews.Now, however, as video gaming moves into the era of Web3,…

Coca-Cola is cracking open a new batch of NFTs, showcasing artworks from classic and budding artists. Each digital ‘Masterpiece’ collectible is bubbling inside the renowned Coca-Cola bottle on Coinbase’s Ethereum platform, ‘Base‘.Coinbase spilled the news about its Coca-Cola NFTs on August 13, unveiling their arrival as a significant element of its multi-week blockchain festival, ‘OnChain Summer’.ᴏɴᴄʜᴀɪɴ ???? ꜱᴜᴍᴍᴇʀ@CocaCola is bringing their Global Masterpiece campaign onchain with iconic works from leading artists.Mint now: https://t.co/xTWyI3O7IW pic.twitter.com/9wxFgt8qOh— Coinbase ????️ (@coinbase) August 13, 2023Breaking the Seal of Coca-Cola’s Masterpiece NFTsThe Coca-Cola NFTs stir famed artworks like Edvard Munch’s ‘The Scream’ and Johannes Vermeer’s ‘Girl…

As the NFT marketplace witnesses rapid growth, recent data from CryptoSlam has placed Solana at the forefront, notably surpassing Cardano in sales. In just a 24-hour window, Solana boasted an NFT sales volume of $1,134,068, engaging 3,507 buyers. Cardano, by comparison, trailed with a volume of $155,244 and 1,016 buyers. While these figures paint a clear picture, they also spur questions regarding their veracity. Prominent figures within the crypto space have taken note. Rick McCracken, the lead stake pool operator at Digital Fortress, has addressed the data discrepancies, casting a shadow of doubt over Solana’s figures. He pointed out that…

CoinMarketCap, the cryptocurrency data aggregation platform, has categorized non-fungible tmokens (NFTs) according to their price stats. The categorization is based on the prices of the NFT collections and individual assets over the past 24 hours. According to CoinMarketCap’s ranking, the top five NFTs in this category are DeGods, BoredApeYachtClub (BAYC), MineablePunks (mpunks), MutantApeYachtClub (MAYC), and Dreadfulz. DeGods DeGods is a collection of 10,000 NFTs originally built on the Solana blockchain but have since moved to Ethereum. It is a profile picture-type NFT collection featuring unique combinations of attributes created using an algorithm. CoinMarketCap’s data shows that DeGods traded 1,943.17 ETH…

Illustrious ball kicking association, Manchester United, has extended its exciting Tezos partnership with a superb new matchday collectible. As a result, fans of a footballing persuasion can claim a free ‘Collect United’ NFT for every home match in the new 23/24 season!The latest Web3 initiative from Manchester United will see the club launch a new NFT artwork 48 hours before every home match. Effectively, providing fans with an innovative loyalty scheme that will unlock extra special rewards for some lucky holders, including VIP tickets, training invites, signed kits, and more!In order to get involved, fans and collectors must head to…