Tag: NFT

Yuga Labs Completes Restructuring, Prioritizes Metaverse Projects Amid Crypto Industry Pressures

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 ...

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Bitcoin Ordinals Creator Proposes “Runes” as Alternative to BRC-20 and Other Fungible Token Protocol

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 ...

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