Recur is an NFT startup renowned for hosting the intellectual property (IP) of many big brands including Nickelodeon and Hello Kitty. Unfortunately, Recur announced on August 18, 2023, that its Web3 platform is shutting down. This decision comes despite a $50 million Series A funding round and a respectable valuation of $333 million. While announcing… Continue reading Recur’s Shutdown Highlights The Challenges Affecting The NFT Market
Tag: NFT community
OpenSea Drops Royalty Fees As Yuga Labs Responds By Blocking Trades
In a recent move that has sent huge shockwaves in the entire NFT community, OpenSea confirmed its decision to stop collecting royalty fees on behalf of NFT creators. This decision made Yuga Labs, the creator of CryptoPunks and Bored Ape Yacht Club NFT collections block the ability to trade in newer NFTs on OpenSea by… Continue reading OpenSea Drops Royalty Fees As Yuga Labs Responds By Blocking Trades
Frank Confirmed DeGods Network Is Going 0% Royalties
DeGods, the most successful Solana project up to today, is now updating all of its nonfungible tokens (NFTs) to 0% royalties. Founder Frank DeGods published the announcement through Twitter, making waves among NFT collectors. That controversial decision also raised questions about what NFT royalties are and their importance in the NFT industry. The NFT project… Continue reading Frank Confirmed DeGods Network Is Going 0% Royalties
Cheeky Rangas NFT Collection Aims To Save Orangutans And The Rainforest
Cheeky Rangas (CR) is a considerably new NFT project that strives to highlight the plight of Orangutans together with their rainforest habitat via education and donations. In general, 9,700 of these colorful Cheeky Rangas live on the Ethereum blockchain. Every NFT provides you with exclusive access to the Jungle Bar and members-only benefits. The mint… Continue reading Cheeky Rangas NFT Collection Aims To Save Orangutans And The Rainforest
Steve Aoki NFT Avatars Introduced To The Sandbox Metaverse
NFT avatars of the world-famous DJ, Steve Aoki are coming to The Sandbox metaverse soon. They will be a collection of 3,333 pieces that depict Aoki, and every avatar will be a playable avatar within The Sandbox unlocking unique functionalities and giving the owners the possibility to earn SAND through playing. Different versions of Steve… Continue reading Steve Aoki NFT Avatars Introduced To The Sandbox Metaverse
Tezos Made NFTs “A Main Topic” At Annual Art Basel In Hong Kong
Tezos, the eco-friendly blockchain protocol, has yet again shown the entire world its commitment to supporting digital arts, preparing a stunning NFT exhibition at this year’s Art Basel in Hong Kong. Every year, Art Basel presents the public with new ideas, artists, contemporary masterpieces, and disruptive concepts relating to the latest trends. Alongside renowned art… Continue reading Tezos Made NFTs “A Main Topic” At Annual Art Basel In Hong Kong
NFTs Uses Cases Today Versus In The Future
Although non-fungible tokens (NFTs) education was the key topic at NFT LA, the event also allowed the exploration of current use cases existing today while providing a glimpse into the future of NFTs. Alex Salnokov, the co-founder and head of product at NFT marketplace Rarible, said that the NFT space is currently undergoing a massive… Continue reading NFTs Uses Cases Today Versus In The Future