Highlights Animoca Brands has successfully acquired gaming and digital collectibles company Somo, integrating its functionalities into its broader blockchain ecosystem. The NFT market experienced a robust recovery early in 2026, with a 20% increase in market capitalization within just two weeks. Despite these recent gains, the NFT sector remains significantly...
Category: NFT News
Foundation Closes NFT Marketplace Following Unsuccessful Auction
HighlightsFoundation, a prominent NFT marketplace, is shutting down after a failed acquisition by Blackdove.The closure reflects the ongoing decline in NFT trading activity and market consolidation.Despite challenges, some industry experts believe the NFT sector could eventually recover.Foundation's Rise and FallFoundation, a notable player in the NFT marketplace landscape, has announced...
Magic Eden Set to Ride the Wave of the Speculation Supercycle!
Highlights Magic Eden's CEO highlights a new trend in the crypto industry, referring to a "speculation supercycle" fueled by rising popularity in prediction markets and betting platforms. The company is set to launch a decentralized gaming and betting platform, Dicey, enabling users to host games and wager using cryptocurrency. The...
Yuga Labs Settles Prolonged NFT Dispute: What You Need to Know!
Highlights Bored Ape Yacht Club creator Yuga Labs has settled its lawsuit with artists Ryder Ripps and Jeremy Cahen. The settlement includes a ban on the use of Yuga Labs' imagery and a mandate to transfer NFT assets back to Yuga Labs. This legal battle, which began in June 2022,...
Aave Hands Over the Reins of Lens Protocol to Mask Network: What It Means for the Future!
Update Jan. 23, 9:00 am UTC: This article has been updated to add comments from an Aave spokesperson.The decentralized finance (DeFi) landscape has undergone a significant transition with Aave transferring oversight of its social infrastructure protocol, Lens, to Mask Network. This shift involves handing over the responsibility for developing consumer-oriented...
