Intelligent Agents Set to Reshape Blockchain Gaming Ecosystems, Gaming Director Says

The Web3 gaming sector has shifted from speculative models to a focus on sustainability, improved gameplay and robust infrastructure. A game developer director views the current market correction as a necessary reset that clears the way for stable growth by eliminating projects lacking fundamentals. A Necessary Reset for Web3 Gaming Over the last few years, … Read more

NFTs Are Down but Not Out: $3.62B Already Sold in 2025

While non-fungible token (NFT) sales may not carry the same heat they once did, the NFT arena has still tallied $71.55 billion in lifetime sales since 2017. Metrics also reveal that 64.78% of those sales came from Ethereum-based NFTs. Digital Collectibles Still Command Sales Volume, but the Sector Is Morphing During the 2017 bull run, … Read more

Report: PENGU Token’s ‘Social Currency’ Role Underpins Novel ETF Bid

A proposed exchange-traded fund (ETF) combining Pudgy Penguins’ PENGU token and its non-fungible tokens (NFTs) has progressed to formal review by the U.S. Securities and Exchange Commission (SEC), according to a new report by Animoca Brands Research. Animoca Highlights Pudgy Penguins’ Path: IP Boom to ETF Filing Animoca researchers note that the hybrid product, filed … Read more

Opensea Acquires Rally to Enhance Mobile Experience and Token Trading Capabilities

Opensea has announced its acquisition of Rally, a move that aims to enhance its mobile and token trading capabilities. Chris Maddern, the new Chief Technology Officer of Opensea, expressed excitement about the acquisition, highlighting that the Rally team brings valuable expertise to the company. The integration of Rally is expected to supercharge a new mobile … Read more

South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures

Momint, a South African Web3 and crypto startup, has announced its closure due to rising operational costs, limited user growth, and a challenging funding environment. Founded in 2021, it was recognized as the country’s first NFT marketplace supporting local currency transactions and gained attention with significant NFT sales. The company raised $2.1 million in seed … Read more

Bored Apes Creator Yuga Labs Moves to Sunset Apecoin DAO, Launch Apeco

Yuga Labs, creator of the Bored Ape Yacht Club, has proposed terminating the decentralized Apecoin DAO and transferring its assets to a new entity called Apeco to accelerate ecosystem growth. Apecoin DAO to Dissolve Under Yuga Labs Proposal Yuga Labs CEO Greg Solano has formally proposed sunsetting the Apecoin Decentralized Autonomous Organization (DAO), calling it … Read more

NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

Based on the most recent figures, non-fungible tokens (NFTs) generated approximately $474 million in sales throughout May, marking a 21.25% decline compared to April’s total. NFT Market Declines in May NFT sales maintained their downward trajectory in May, with monthly figures falling short by $127.9 million compared to the prior month. Although the number of … Read more