Renowned fashion house Louis Vuitton and record producer Pharrell Williams are delving further into Web3 fashion with their new VIA NFT-linked varsity jacket, according to reports on Tuesday. Their latest design was released to the company’s VIA NFT holders. The physical western-inspired varsity jacket, made of suede buckskin and featuring the brand’s logo emblazoned across…
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Square Enix, the developer behind JRPG giants like Final Fantasy and Dragon Quest, is now working with a major metaverse investment firm on its own crypto-based NFT game. On Monday, the company announced it had signed a collaboration agreement with Animoca Brands to strengthen marketing efforts for “Symbiogenesis,” the game and its associated collection of…
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Recent data over a seven-day period ending April 21, 2024, shows that non-fungible token (NFT) sales have declined by 25.48%, totaling approximately $236.96 million. Bitcoin dominated the NFT market this week, contributing $111.8 million to the overall sales since April 14. NFT Sales Tumble This week, NFT revenues fell 25.48% compared to the previous week.…
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Yuga Labs sold the IP rights of two of its games, Legends of the Mara and HV-MTL, to Web3 gaming firm Faraway on April 17 in a strategic move designed to refocus the organization. The decision was accompanied by a key change in leadership. Yuga Labs simultaneously announced that Spencer Trucker, its chief gaming officer,…
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Before the emergence of Web3, brands primarily relied on Web2 channels, such as social media, to connect with consumers. In fact, recent statistics show that 77 percent of businesses use social media to reach customers. Consumer engagement strategies are evolving, however. With the maturation of new technologies like blockchain and artificial intelligence, forward-thinking brands have…
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Animoca Brands plans to launch a new non-fungible token (NFT) platform designed to bridge web3 projects in Japan with the global market. According to an announcement by Animoca Brands, the launchpad will be officially introduced this summer, aiming to support creators and projects in selling their NFTs. The company has designated early May 2024 to…
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Sales volumes of non-fungible tokens (NFTs) recorded a more than 37% increase to $277 million in the seven-day period ending April 11. Six of the top 10 collections with the largest sales volumes were Bitcoin-based NFTs. Some experts attribute the renewed interest in NFTs to the rise of real-world assets and NFTs with built-in utility.…
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As the crypto landscape undergoes a dramatic transformation in early 2024, meme coins have taken center stage, delivering unprecedented gains. Against this backdrop, the NFT market contends with a downturn, setting the stage for a potential comeback fueled by innovative projects and a reinvigorated focus on utility and technology. The Tale of Two Trends: Meme…
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The crypto bull market may be driving a renewed interest in non-fungible tokens (NFTs). According to DappRadar, the NFT sector has seen a 50% surge in trading volume for the first quarter of this year, generating $3.9 billion in revenue. These findings indicate this has been the strongest quarter for NFTs since Q1 2023. NFT…
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Over the past week, sales volume for non-fungible tokens (NFTs) experienced another week-on-week decrease, marking a 13.72% reduction. This downturn marks the fourth consecutive week of declining NFT sales, a stark contrast to the record-breaking achievements witnessed throughout other sectors in March. During this period, the splendor of trading volumes did not extend to digital…
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