Everything web3, crypto, defi, degen
In brief Yuga Labs is launching the Koda Nexus, a social and interactive hub in its Otherside metaverse, on November 12. The firm is also teaming with Amazon Gaming to launch a co-branded NFT avatar that can explore the metaverse. The Otherside has been in development since 2022 after Yuga Labs sold tokenized plots of…
In brief Friends and collaborators described Pagotto as “super creative” and “discreet and humble.” RTFKT cofounder Steven Vasilev and BAYC’s Greg Solano were among those who paid tribute online. Pagotto helped build RTFKT into one of digital fashion’s most influential brands before Nike acquired it in 2021. Benoît Pagotto, co-founder of the digital fashion studio…
In brief A California judge dismissed a class-action lawsuit against Yuga Labs, ruling that Bored Ape Yacht Club NFTs are not securities. The judge found key differences from other NFTs plausibly deemed securities, noting Bored Ape buyers used third-party marketplaces, and that creator royalties weakened financial ties between Yuga and holders. The ruling gives Yuga…
In brief Ethereum NFT project Moonbirds revealed plans to launch a Solana token, BIRB. The IP has seen a resurgence of activity and interest after being acquired by Orange Cap Games earlier this year. The original Moonbirds NFTs have surged in price in recent months, and again on Thursday. Recently resurgent Ethereum NFT project Moonbirds…
In brief Ethereum transformed the blockchain industry by enabling smart contracts, DAOs, NFTs, and decentralized apps. From its 2015 launch to The Merge in 2022, Ethereum has driven innovation and faced growing pains. Ethereum powers DeFi and NFTs, but still battles high fees, scalability limits, and fierce competition. Ethereum, the second-biggest cryptocurrency after Bitcoin, is…
In brief A collector recently walked away with 1 BTC from a $13 pack of cards purchased from GameStop. The card came in via card manufacturer Cardsmiths’ Currency Series, which contains cards redeemable for real cryptocurrency. The pull marks at least the third overall 1 BTC find in the last year. GameStop doesn’t sell Bitcoin…
A little over a year ago, Moonbirds was a cautionary tale.The once-hyped Ethereum profile picture (PFP) project, launched in 2022 by Kevin Rose’s Proof to immense demand, had seen its reputation crater amid community backlash, ownership shakeups, and plummeting prices.Holders griped about broken promises, shifting roadmaps, and changing leadership. By mid-2023, the project’s floor price…
The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration. The regulator, which now has a crypto-friendly chairman in Paul Atkins and a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and…
In brief The SEC has formally exempted major Ethereum and Solana staking protocols from securities laws. It’s likely the final clarification needed to give staking ETFs the green light. The precedent is also now set for staking across broader decentralized protocols. GM!Today’s top news: Crypto majors dip after Monday’s rally; BTC at $114,300 SEC gives…
In brief Top Shot moments are now collectible via physical vending machines located in Japan. Packs are sold for about $6.70, with payments made via mobile devices after interacting with the machines. Users will not need any knowledge of crypto or blockchains to add to their collection. Basketball highlights from Dapper Labs’ NBA Top Shot…
