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...
Category: NFT News
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...
Breaking: DOJ Exits OpenSea NFT Insider Trading Investigation!
US prosecutors have decided not to pursue a retrial against Nathaniel Chastain, a former manager at the nonfungible token platform OpenSea, in a case that involved wire fraud and money laundering allegations. This decision follows a significant July ruling by a federal appeals court that overturned Chastain's prior convictions. According...
Rodeo Shuts Down: A Shocking Twist as the Second NFT Marketplace Bids Farewell This Week!
Highlights Rodeo NFT marketplace announces closure due to sustainability issues amid declining market conditions. Users can transfer their assets and data to platforms like Arweave, with assistance provided by Rodeo. Nifty Gateway, another major NFT platform, has also announced its winding down, giving users an extended timeline for asset transfers....
