Yuga Labs, the creator of the popular NFT collection Bored Ape Yacht Club, has undergone a significant company-wide restructuring, including staff layoffs, in response to challenges within the crypto industry. Yuga CEO Daniel Alegre confirmed the completion of this restructuring process in a recent tweet. According to Alegre, the primary ...
Bitcoin Ordinals creator Casey Rodarmor has proposed the creation of a new fungible token protocol called "Runes" as an alternative to existing protocols, including the BRC-20 standard. In a blog post published on September 25, 2023, Rodarmor expressed concerns about current fungible token protocols like Good for Bitcoin, Counterparty, Omni ...
Japanese electronics manufacturer Casio, in collaboration with Polygon Labs, is venturing into the world of NFTs with its latest announcement of the virtual G-SHOCK project. As part of the project, the company would establish an interactive user community to bridge the gap between users and their iconic G-SHOCK line of ...
Polygon Labs has entered into a strategic partnership with South Korea's telecommunications giant, SK Telecom (SKT), to foster the growth of the web3 ecosystem and nurture promising web3 startups. .@SKtelecom and Polygon Labs have inked a strategic collaboration to spearhead the development of SKT's Web3 ecosystem. 🌐 The collaboration aims ...
Reddit remains unwavering in its commitment to exploring digital NFT collectibles despite the shifting dynamics in the NFT market. The social media platform recently announced that the launch of its newest collection of collectible avatars, titled "Retro Reimagined," is scheduled for July 26, 2023, with speculations pointing to a drop ...
Luxury watches are now being used as collateral for DeFi loans via the integration of non-fungible tokens (NFTs). CirrusNFT, a pseudonymous NFT collector, shared a story on July 11, 2023, that highlighted how an anonymous borrower successfully secured a $35,000 loan on Arcade, a DeFi protocol for NFT lending. Coolest ...
The autonomous territory of the Faroe Islands has launched its first series of a unique collection of digital "crypto stamps." These stamps, named "Stamps of Maybe," are digital replicas stored on the blockchain as nonfungible tokens (NFTs), and they also serve as valid postage. According to the announcement made through ...
NFT platform Foundation has successfully resolved a critical issue related to a self-destruct capability that posed a threat to NFTs created on the platform. Elpizo Choi, Foundation's CTO, took to Twitter to announce that the problem had been resolved for contracts deployed before March 6. Choi added that contracts deployed ...
In a significant leadership change, GameStop has fired its CEO, Matthew Furlong, and appointed billionaire investor Ryan Cohen as executive chairman. The company confirmed Furlong's termination in a statement on June 7, 2023, without providing an explanation for the decision. Furlong also resigned from his position as a company director ...
The non-fungible token (NFT) marketplace, Blur, has partnered with venture capital firm Paradigm to launch Blend, a collateralized lending system that allows buyers to purchase NFTs using a buy-now, pay-later (BNPL) method. According to Blur, the lending system will not charge borrowers or lenders any fees. However, this announcement has ...
