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Technology

eBay Reportedly Cuts 30% Web3 Workforce Amid NFT Marketplace Struggle

KnownOrigin’s staff and IP were absorbed into eBay’s Web3 segment after acquisition. The NFT marketplace’s co-founder David Moore has stepped down. E-commerce behemoth eBay reportedly intends...

Yuga Labs Acquires Moonbirds NFT Collection Creator ‘Proof’

Yuga Labs remained tight-lipped about the purchase price. The Moonbirds collection almost reached $500 million in trading volume in April 2022. Yuga Labs is rapidly expanding...

Pudgy Penguins Witnesses Significant Interest, Boosting Ethereum NFT Volume

NFTs minted on-chain have remained relatively flat over the last year. The number of people interested in the Pudgy Penguins NFT collection is growing rapidly. The...

Kresus Crypto Wallet Offers a Hassle-Free Solution for NFTs Storage via Sotheby’s Metaverse

Digital art enthusiasts may now easily and securely buy and store NFTs in one place using Web3 SuperApp Kresus, a supported digital wallet option via Sotheby’s...

PANZ.NEXTGEN To Launch Gen2 NFT Collection on Ethereum

PANZ.NEXTGEN is launching its ‘Gen 2’ collection on Ethereum in late March. The floor price of Genesis Panz NFTs hit 0.09 BTC — 15 times...

Polkadot’s Unique Parachain Breaks Speed Record in NFT Minting for Forever Has Fallen Drop

The Polkadot blockchain has surpassed earlier records established by Solana and Polygon, setting a new record of 4930 NFTs per minute—a significant accomplishment for...

Ryder Ripps and Jeremy Cahen Face $9M Setback in Yuga Labs Lawsuit

The duo are ordered to pay $9 million in disgorgement and additional statutory penalties. There was also an order for them to get rid of...

Cristiano Ronaldo Hosts Memorable Training Day for CR7 NFT Holders

Five CR7 NFT holders were given the unique chance to train and interact with Cristiano Ronaldo in Lisbon in November. As part of the...

NFT Market Surges? $42.8M Trading Volume Signals Comeback

Ethereum NFT market hits a 7-month high, reaching $42.8 million. Blur dominates with 82% volume, and PudgyPenguins surges 65% in 7 days. The Ethereum NFT market...

NFT Volume Witnessed Nearly 50% Decline YoY in 2023

From the Q1 2022 through the fourth quarter, digital art volumes fell by more than $10 billion. However, late 2023 and early 2024 were promising...

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