NFT News – Page 8 – Ƀitsell X

NFT Market Slump Hits Artists Hard: Payouts to Creators Plunge 98% as Royalties Slashed

August 6, 2023

The NFT market is experiencing a tumultuous slump, with tensions rising between traders and creators of digital collectibles rising amid controversy surrounding royalties. This friction has resulted from the recent decision by top NFT exchanges, including Blur and OpenSea, to cut royalty rates paid to artists when a token’s ownership changes. … Read More: NFT Market Slump Hits Artists Hard: Payouts to Creators…
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Major Video Game Creator Bandai Namco and Oasys Unveil AI Virtual Pet NFT Game

August 3, 2023

Bandai Namco, a Japanese multinational video game creator, has introduced an AI virtual pet NFT game, RYUZO, featuring digital creatures called RYU on the Oasys Network, an eco-friendly gaming blockchain network. Launched on Wednesday, August 2nd, RYUZO was developed in collaboration with Japanese startup Attructure and published by Double Jump.Tokyo…. Read More: Major Video Game…
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GameStop Decides to Shut Down NFT Wallet Citing Regulatory Uncertainty

August 3, 2023

Popular video game retailer GameStop has announced plans to shut down its NFT wallet due to regulatory uncertainty in the crypto space. According to a pop-up message on its NFT marketplace, GameStop would cease support for the wallet starting November 1. “Due to the regulatory uncertainty of the crypto space, GameStop has decided to remove its iOS…
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NFTs Created by 99-Year-Old Artist Vera Molnár Sold for $1.2 Million

July 28, 2023

Computer-generated non-fungible tokens (NFTs) created by innovative Hungarian artist Vera Molnár sold out for ETH 631. Per the current prices, this is worth $1,178,520. ‘Themes and Variations’ collection was created by the 99-year-old Molnár in collaboration with artist Martin Grasser. According to the auction giant Sotheby’s, the collection “culminates around three letters in particular that…
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Reddit Introduces Largest Gen 4 Collectible NFT Avatar Series ‘Retro Reimagined’ with Iconic Snoo Character

July 27, 2023

Reddit has released the Gen 4 Collectible Avatar series, the largest addition to its limited-edition non-fungible token (NFT) collection yet. GEN 4, titled “Retro Reimagined”, is live in the Shop, the Wednesday announcement said. “As our biggest drop to date, you’ll notice a lot of familiar faces as well as some new ones popping up…
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Futureverse Raises $54 Million to Advance AI and Metaverse Integration

July 19, 2023

Futureverse, an AI and metaverse technology company, has raised $54 million in funding to support its mission of revolutionizing the metaverse with AI. The funding round, led by 10T Holdings and with participation from Ripple, will enable Futureverse to develop exclusive AI content generation tools that enhance music, objects, characters, and animations within the future…
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NBA Top Shot Developer Dapper Labs Continues Layoff Trend with New Round of Job Cuts

July 15, 2023

Dapper Labs, the non-fungible token (NFT) collectibles company behind NBA Top Shot, recently bid farewell to an additional 51 employees, following a previous staff reduction of 20% in February earlier this year. In an announcement by Roham Gharegozlou on July 13, the company’s CEO revealed that the organization is undergoing its third round of staff…
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Fractionalized NFT Project Particle Sends Banksy Artwork on Loan to Global Museums

July 14, 2023

Digital art platform Particle will loan its fractionalized Banksy painting to major museums across the world. “Exciting news! Banksy’s iconic “Love Is In The Air”, generously loaned by Particle co-owners, begins its Europe tour,” Particle Collection shared on Twitter. The tour will start in the UK next month, according to Decrypt. After that, Amsterdam and…
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Why are NFT Prices Crashing? Azuki Plummets 11% and Bored Apes Falls 16% – Here’s What You Need to Know.

July 4, 2023

The NFT market has recently witnessed a price decline, causing concern among investors and enthusiasts. Several prominent NFTs have experienced significant price declines within the past few days. One notable example is the Bored Ape Yacht Club (BAYC), whose decline in the NFTs floor prices can be attributed to the community backlash that followed the…
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DeGods NFT Project Ditches ‘Stupid’ Roadmaps, Embraces ‘Early Facebook’ Vibes for Next Moves

July 3, 2023

Creator of PFP NFT projects DeGods and Yoots, DeLabs, has launched a new website ahead of the upcoming unveiling of its DeGods Season III and yoots2 feature expansion in July 2023. The cryptic website appears inspired by the early Facebook days. DeLabs founder Rohun Frank Vora dubbed the site “performance art.” The website would be…
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