Author: Jeremy Ryan

NFT Porsche is halting the mint of its first non-fungible token (NFT) collection, the German sports car manufacturer announced on Twitter, after receiving negative feedback from its community. “Our holders have spoken. We’re going to cut our supply and stop the mint to move forward with creating the best experience for an exclusive community,” said the project’s official Twitter account, claiming that more information is coming later in the day. The mint opened on Monday morning, with each NFT – a digital replica of its iconic 911 model – priced at 0.911 ether (ETH), or about $1,490 each. In the…

NFT Rising bitcoin and ether prices have offered short-term reprieve for battered crypto markets, but floor prices for Bored Apes and CryptoPunks have barely budged. Both bitcoin (BTC) and ether (ETH) are up nearly 40% year to date, both reaching highs not seen in around five months. On the other hand, Bored Ape Yacht Club (BAYC) and CryptoPunks’ floor prices — representing the last sale price of the cheapest NFT in each collection — are down between 5% and 8% since Jan. 1, hovering at 66 ETH ($107,000) and 63 ETH ($102,000), respectively. Floor prices for other buzzy NFT collections…

The metaverse hype that began in 2021 dissolved almost entirely by the end of 2022 as the top projects in the space, Decentraland and The Sandbox, lost 95% of their market capitalization. The most prominent reason for the fall was a lack of user growth. Still, the metaverse narrative is far from dead and will grow in the future. Reportedly, Apple will launch its virtual reality gear sometime in spring 2023. The announcement was a positive catalyst for Decentraland’s MANA and The Sandbox’s SAND, causing a double-digit price surge.While there’s evidence of positive buying volume supporting the pump, the weak fundamentals of metaverse…

Doodles, a top Web3 brand, is working on acquiring the Golden Wolf animation studio as part of its Web3 ecosystem expansion plan. After the deal is completed, the studio will collaborate with Burnt Toast, the artist whose characters form the basis of Doodles NFTs. The goal is to create content based on an original narrative. Thus, boosting the development of Doodle characters, their stories, and creativity across the board.According to a press release seen yesterday, once everything is finalized, the Golden Wolf’s team will join Doodles. Consequently, bringing in their expertise in animation, visual storytelling, and content creation.The exact numbers…

Yuga Labs’ Bored Ape Yacht Club Sewer Pass has generated over $10M in trading volume less than 48 hours after launch. With some Passes listed for over $640K, this drop is undoubtedly successful. These passes offer access to Yuga Labs’ game Dookey Dash, surprise rewards, and mysterious perks. The best part: you can get your own pass even if you’re not a Bored Ape NFT holder! Bored and Mutant Ape Yacht Club holders can start claiming their Sewer Pass NFTs to play Yuga Labs’ Dookey Dash game! Bored Ape Yacht Club Sewer Pass: What You Should Know It’s a busy…

The New York Department of Financial Services, or NYDFS, has released guidelines on how licensed crypto firms should handle customer assets should they face “insolvency or similar proceeding”.In a Jan. 23 announcement, NYDFS superintendent Adrienne Harris said crypto firms and exchanges operating under a BitLicense — required in New York state — should segregate corporate funds from users’ virtual currency holdings both on-chain and in the “internal ledger accounts” of the company’s custodian. According to the regulator, crypto firms are expected to hold users’ assets “only for the limited purpose of carrying out custody and safekeeping services”:“A [virtual currency entity’s]…

NFT Fractal, the platform for game-related non-fungible tokens (NFTs) developed by Twitch co-founder Justin Kan, is expanding into the Polygon network to boost accessibility. The platform initially launched on the Solana blockchain in December 2021 and raised $35 million in a seed round backed by Andreessen Horowitz, Solana Labs, Animoca, Coinbase Ventures and others. It now hosts dozens of Web3 games, NFTs and tournaments on its site and offers a suite of developer tools to help onboard new creators. The company said in a press release that expanding into Polygon will help it “focus on user acquisition and provide the…

NFT After months of testing, .SWOOSH platform is finally ready to onboard a new generation of digital creators. Its inaugural collection is inspired by Nike’s legendary Air Force 1 sneaker collection. .SWOOSH, Nike’s flagship Web3 venture, kicks off on Jan. 25 According to the statement shared by Jasmine Gao, Nike’s senior product manager, .SWOOSH, a community-driven platform for Web3 digital art, goes live this Wednesday, Jan. 25, 2023. .SWOOSH Studio, Nike’s home for virtual co-creation, launches this Wednesday 1/25 ????Last month, the .SWOOSH community voted on their favorite AF1 sneakers to influence the upcoming Our Force 1 collection journey.Now, get…

Good news for Neopets! The Web3 virtual pet game has confirmed a very profitable start to 2023, raising $4 million in its latest funding round. As confirmed in a January 19, 2023 statement, the company’s latest funding round saw support from companies such as  Polygon Ventures, Avalanche Blizzard Ecosystem Fund, HashKey Capital, and IDG Capital.How Neopets Will use the Funding As per its official statement, the company will use these newly-acquired funds to improve the experience for its players. “Their support and faith in our project mean the world to our community, and we are more than excited to work together in…

Gaming giant Axie Infinity’s AXS token price has risen sharply despite the upcoming release of tokens worth millions of dollars.In just the last 24 hours, the token has increased by almost 40%, reaching a four-month high of $13.83 before correcting slightly to a local price of $12.54 at the time of writing.A surge of 156% in open contracts for AXS perpetual futures that are locked, bringing an estimated value of $104 million. This heightened level of open interest, alongside the price rally, signals more funds are being injected into the market from a bullish perspective.If Tokens Are Being Unlocked, Shouldn’t…