Top non-fungible token (NFT) marketplace OpenSea confirmed it will lay off 50% of its workforce in a huge restructuring move. CEO Devin Finzer highlighted in an X thread that the restructuring is meant to focus on “the next version” of their product. Early Reception And Achievements Launched in 2017, OpenSea appeared in the market when… Continue reading OpenSea Offloads 50% of Workforce In A Massive Restructuring Initiative
Tag: NFT marketplace
Magic Eden And Yuga Labs Collaborate To Unleash A New Ethereum-Based NFT Marketplace
Yuga Labs has formed a partnership with Magic Eden to launch a new NFT marketplace powered by the Ethereum blockchain. The venture highlights the commitment to leveraging blockchain technology to support content creators. The Magic Eden Ethereum marketplace, expected to be launched by the end of the year, distinguishes itself by being contractually bound to… Continue reading Magic Eden And Yuga Labs Collaborate To Unleash A New Ethereum-Based NFT Marketplace
Magic Eden Introduces LayerZero For Token Swaps
Magic Eden, a renowned entity within the multichain NFT platform sector, recently introduced its latest feature called the LayerZero Bridge & Swap. The new tool supports the swapping of tokens across multiple blockchains. By description, LayerZero is a cross-chain communication protocol meant to support direct and trustless interactions between many blockchains. The protocol supports different… Continue reading Magic Eden Introduces LayerZero For Token Swaps
OpenSea Marketplace Hit By Third-Party API Breach
OpenSea is currently under scrutiny after reports came up of a major compromise in its API. On September 23, 2023, many users came forward with different messages they allege to have received from OpenSea, alerting them to a security breach. The messages pointed to an intrusion by one of OpenSea’s third-party partners, which might have… Continue reading OpenSea Marketplace Hit By Third-Party API Breach
Mystic Moose Unleashed Planet Mojo Marketplace In Time For The Fall
One renowned game development firm, Mystic Moose, recently launched the “Planet Mojo Marketplace,” which strives to serve as a central hub for Mojo Melee players. Interestingly, the marketplace is powered by the Polygon blockchain. This move is meant to offer both speed and lower transaction costs for gamers. As autumn nears in the game’s virtual… Continue reading Mystic Moose Unleashed Planet Mojo Marketplace In Time For The Fall
Recur’s Shutdown Highlights The Challenges Affecting The NFT Market
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
Polygon Labs’ Blockchain Partners With SK Telecom’s Web3 Vision
Polygon Labs and SK Telecom (SKT) have said that they signed a strategic partnership agreement to develop SKT’s Web3 ecosystem. SK Telecom dominates the South Korean wireless market, already hosting millions of subscribers. The agreement signing ceremony happened at SK Telecom’s headquarters in Seoul. Boosts To SK Telecom’s NFT Marketplace And Web3 Wallet This agreement… Continue reading Polygon Labs’ Blockchain Partners With SK Telecom’s Web3 Vision
Christie’s And Gucci Introduce Generative Art NFT Auction
Another massive development is coming up in the ever-changing digital art space. Christie’s, an esteemed auction house and Gucci, a luxury fashion brand, are ready to partner on a forthcoming auction called “Future Frequencies: Explorations in Generative Art and Fashion”. The auction is scheduled to start on July 18 and will run through July 25,… Continue reading Christie’s And Gucci Introduce Generative Art NFT Auction
Unstoppable Domains Unleashed Unstoppable Marketplace
The Unstoppable Marketplace is described as the biggest dApp marketplace that is built on the dApp Store Kit. It offers 860+ Web3 apps, digital identity integration, and a lot more. Unstoppable Domains is a leading platform for user-owned digital identity. It has confirmed the introduction of its Unstoppable Marketplace. Underpinned by the Polygon Labs incubated… Continue reading Unstoppable Domains Unleashed Unstoppable Marketplace
Kraken Unveils Revolutionary NFT Marketplace Offering Gasless Transactions
Kraken dived into the revolutionary NFT marketplace offering gasless transactions Kraken has introduced a gasless NFT marketplace with over 250 distinct collections. You can enjoy smooth transactions and a user-friendly experience. The San Francisco-based centralized exchange has made a notable entry into the NFT market through the official launch of its much-expected NFT marketplace. This… Continue reading Kraken Unveils Revolutionary NFT Marketplace Offering Gasless Transactions