Author: Jeremy Ryan

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…

Key Highlights: Gala Games introduces NFT Mystery Boxes with each box containing three NFTs from popular titles on the Gala Games platform, as efforts to encourage gamers to engage with the GalaChain ecosystem. Gala Games migrates a significant portion of its NFT inventory to GalaChain following its transition to a dynamic multiplatform development and publishing hub. The exclusivity of NFT Mystery Boxes and NFTs will be available only on GalaChain, the announcement emphasized. Gala Games, a renowned web3 gaming platform has announced the launch of NFT Mystery Boxes on the GalaChain platform. This move comes as Gala Games continues its…

Beneath many a vast repository of fancy NFTs lays an embarrassing hidden folder of shame. In itself, representing an unwanted reminder of ill-judged FOMO, unscrupulous rug-pulls, and blockchain-based spam that most would prefer forgotten. Now however, pioneering NFT artist, Slimesunday, has offered a way out, a symbolic purge of the trash lurking at the bottom of your crypto wallet.In what Slimesunday has dubbed ‘The Great Purge,’ the master artist will invite folks from all across the blockchain to condemn their cringe-worthy NFTs to the fiery pit in exchange for a fabulous new artwork. In essence, it will offer collectors a…

Binance and Ferencváros unite for innovative blockchain-driven fan engagement. The club’s Groupama Arena stadium will feature Binance branding. Binance, a leading cryptocurrency exchange, has announced a partnership with Hungary’s premier football club, Ferencváros, a club with an illustrious history in Hungarian football. This collaboration is aimed at enhancing fan engagement through the utilization of non-fungible tokens (NFTs) and blockchain technology. And seeks to educate sports enthusiasts about the potential of Web3. According to their announcement, Ferencváros supporters will receive limited-edition NFTs during home league games. It is accessible to existing users and newcomers signing up on Binance.com. These exclusive digital…

Key highlights: Chiliz just announced their “historic first NFTs” that use athletes’ one-of-a-kind memorabilia to help rake in donations for great causes. Chiliz and partners like Common Goal aim to harness the transparency of distributed ledgers to really track where the dough goes and give bidders a direct line-of-sight to the difference their bids make. Sports and technology have long gone hand in hand. But now, one blockchain startup is taking that relationship to the next level- leveraging the power of crypto and NFTs to make a real difference in the world. Chiliz, the sports-focused blockchain behind some of the…

Fine arts auction firm Sotheby’s has recently been named in the class-action lawsuit filed by Bored Ape Yacht Club (BAYC) investors against BAYC creators Yuga Labs. The investors allege that the auction house helped Yuga Labs “deceptively promote” the nonfungible token (NFT) collection. On Dec. 10, BAYC investors filed a class-action lawsuit against over 40 defendants including Yuga Labs and celebrities like Post Malone, Justin Beiber and Paris Hilton. The lawsuit alleged that Yuga Labs and the celebrities were able to “artificially increase” the prices of the NFTs through celebrity promotions. In a new development, Sotheby’s has been named in…

Blockchain company Polygon Labs and leading Korean mobile carrier SK Telecom have partnered to develop a web3 ecosystem while also seeking to identify “promising” startups worthy of incubation, the companies said in a statement. “We see this collaboration with SK telecom as an important step in providing Web3 experiences to more consumers,” Polygon Labs CEO Marc Boiron said in a statement. The companies signed the agreement at SK Telecom’s Seoul headquarters. Polygon blockchain SK Telecom’s NFT marketplace TopPort will also begin supporting the Polygon blockchain, while the two companies seek “to discover promising Web3 startups and support incubation.” Polygon operates…

It’s time to get your social groove on as Axie Infinity gives us the first release of Project T, a virtual, social world in the Axie universe! Though just an early prototype version of the game, Project T has already caught the attention of the Axie community. Outside of real life gatherings, game players love to have a chance to meetup with fellow gamers in virtual worlds. Soon, Axie players will have a chance to interact with the virtual avatars of other players, perhaps some they have known for a long time through chat messages. That’s because Axie Infinity has…

Generative Dungeon begins taking their player made dungeon experience to a new dimension with the introduction of Generative Quests, a way to experience the Dungeons in 3D! Generative Dungeon already featured an interesting integration where owners can edit the layout of their dungeon NFT, and anyone can play through the dungeon, within the NFT image! But now Generative Dungeon kicks things up another level (or another dimension actually), by automatically converting dungeons into 3D! That’s right, Dungeon owners don’t have to do anything besides build out the 2D version of their dungeon. The map will have a 3d version created,…

EX SPORTS, a web3 sports engagement platform, is thrilled to announce its strategic partnership with IQ Protocol, a pioneer in decentralized lending solutions. This collaboration aims to revolutionize the NFT space by introducing a groundbreaking lending mechanism that will empower users to borrow NFTs for a specified period of time. The primary focus of this partnership is to implement IQ Protocol’s lending technology into various games offered by EX SPORTS. This groundbreaking feature will enable users who may not have the means to afford NFTs to experience the thrill of owning and utilizing these unique digital assets. Investors and enthusiasts…