December 14, 2022 By Anjali Kochhar A class-action lawsuit contends that stakeholders in Yuga Labs, the parent company of NFT series Bored Ape Yacht Club and its affiliated digital products, engaged in a conspiracy with celebrities to defraud potential investors. In the complaint, filed Dec. 8 in federal district court in L.A., Yuga partners — […]

December 14, 2022 By Sharan Kaur Phillora VC funding in crypto projects is expected to exceed the 2021 record despite a series of crypto blowups, including one of the biggest crypto exchanges in FTX, according to a PitchBook report. But the research firm noted that crypto funding slowed in the most recent quarter as investors

December 13, 2022 By Murtuza Merchant The disgraced former CEO of FTX, Sam Bankman-Fried, has been detained in the Bahamas, the Royal Bahamas Police Force has said. Following “receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition,” a statement read. Bankman-Fried,

December 13, 2022 By Anjali Kochhar Global coffee house Starbucks has announced its blockchain-based loyalty program and NFT community, Starbucks Odyssey, to its first group of U.S. beta testers. The new initiative, which includes coffee-themed NFTs that translate to real-world experiences, is an extension of Starbucks’ existing loyalty program, Starbucks Rewards, but leverages web3 technology

December 13, 2022 By Sharan Kaur Phillora The billion-dollar diamond industry has seen corruption and theft for decades, with a handful of lab-grown diamonds labeled and certified as natural diamonds. Last year, the international Gemological Institute of America (GIA) analyzed and graded a 6.18ct lab-grown diamond that was previously claimed to be natural. It was also

December 12, 2022 By Anjali Kochhar Popular non-fungible token (NFT) marketplace X2Y2 has reversed its decision to make creator royalties optional. The original move inspired several other marketplaces to follow suit. X2Y2 said Friday on Twitter that it will now enforce creator royalties on all of the collections sold on its platform after being one of

December 12, 2022 By Anjali Kochhar A new report has stated that over $6 billion was invested in blockchain startups by 40 public companies from September 2021 to June 2022. According to a report by  CB Insights, Google’s parent company Alphabet took the highest bet of $1.5 billion into 4 startups, including DapperLabs. This was followed

December 9, 2022 By Anjali Kochhar Non-fungible tokens or NFTs has been a buzzword in 2022. Not only it created a trend, but also job roles for those interested in the Web3 space. And 2023 will have even more job roles in this space, going by predictions and the increasing interest of people in this

December 9, 2022 By Murtuza Merchant Animoca Brands, a leading blockchain gaming, metaverse, and digital property company, has purchased the majority of shares in the music metaverse platform Pixelynx Inc. Deadmau5 (Joel Zimmerman) and Richie Hawtin created the platform Pixelynx (Plastikman). Ben Turner, Dean Wilson, and Inder Phull, veterans in the game and music industries,

December 8, 2022 By Murtuza Merchant There are too many NFT projects, Discord servers, and shitposts. How can you tell which option is best for you? How can you entice more people to participate in your remarkable NFT journey? These six guidelines will help you create a truly outstanding NFT community. But first, you might