Web3 Market Recap: Animoca's Game-Changing Acquisition of Azarus, Yuga Labs' NFT Trademark Triumph, and Google Cloud's Metaverse Momentum with MultiversX...
NFT Weekly News #28 23rd Oct- 29th Oct
NFT News Weekly Update #28
(23/10/2023-29/10/2023)
GM
Welcome to NFT Weekly News by Threekeyslab🗝️🗝️🗝️. Here you can find the latest curated news📰in the NFT world. Every week, we aim to provide a selection of the most interesting news and events that are fostering the development of the NFT world.
The NFT field is constantly evolving, and this article will review last week's Top🔝NFT news. Let's take a look👀together!
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Top News 🔝
📌NFT |Yuga Labs Wins NFT Trademark Lawsuit (Oct 26)
Yuga Labs secured a landmark victory, winning $1.5 million in a trademark infringement case against Ryder Ripps and Pauly. The ruling also grants Yuga control over the RR/BAYC smart contract. This case underscores the increasing recognition of intellectual property rights in the NFT arena.
📌Web3|Animoca Brands Acquires Azarus to Amplify Web3 Game Streaming (Oct 28)
Animoca Brands has strategically acquired Azarus, a frontrunner in blockchain-based game streaming. This collaboration seeks to enhance Animoca's Web3 streaming capabilities, providing players with tools for monetization and deeper audience engagement. The ultimate vision is to transform the metaverse broadcasting landscape, offering more immersive and interactive streaming experiences.
📌Web3|Google Cloud and MultiversX Team Up to Boost Web3 and Metaverse Development (Oct 23)
Google Cloud has joined forces with blockchain infrastructure firm, MultiversX, to bolster its position in the metaverse. This partnership focuses on:
Expanding Google Cloud's Web3 presence.
Providing Web3 projects with potent data analytics and AI capabilities.
Allowing developers access to vital metaverse data points for comprehensive analysis.
Enhancing metaverse security by spotting anomalies and potential threats.
The collaboration emphasizes empowering the developer community to innovate, ensuring a richer metaverse experience.
Google Cloud's commitment to the metaverse's growth is evident as they collaborate with leaders like MultiversX, aiming for a vibrant virtual world integration.
Market Update 📣
To find out more about the notable NFT sales for the week, please click on the link below.
Other News 👀
NFT|Jack Butcher's Tweet Sparks Velocity Series Buzz (Oct 24)
Jack Butcher's cryptic tweet, hinted at his involvement in the Velocity Series. This speculation was seemingly confirmed by the AOI team, leading to a 5% surge in the Velocity Series Pass price. Known for his previous NFT projects and shift from advertising to NFTs, Butcher's potential collaboration in the Velocity Series highlights the evolving confluence of art, tech, and finance in the NFT world.
NFT|Maison Margiela Launches Web3 Minting Game (Oct 24)
Maison Margiela introduced a Web3 minting game on Oct. 24, centered around their iconic numeric labels. Players aim to collect 24 unique, non-transferable tokens with no gas fees involved. The game concludes when 100 players acquire all tokens or at Maison Margiela's discretion.
NFT|Async Art Announces Closure (Oct 23)
Web3 platform Async Art is shutting down. Founded in 2020, it enabled dynamic NFT art creation. CEO Conlan Rios points to the changing NFT landscape as a reason. Existing Async NFTs will stay on-chain, but no new submissions are accepted. This closure follows other platforms, indicating shifting market conditions in crypto art.
NFT|Mmerch: AI and NFT-Driven Fashion Revolution (Oct 23)
Fashion maven Colby Mugrabi introduces Mmerch, an innovative fashion line marrying AI, NFTs, and blockchain. The collection will feature 960 unique hoodies crafted via generative algorithms, linked to distinctive NFTs.
NFT|ApeCoinDAO Votes Against AIP 337 Special Council Salary Cut (Oct 26)
ApeCoinDAO's Ape Improvement Proposal 337, which aimed to halve the Special Council's monthly pay, was narrowly rejected by members. The proposal saw unprecedented participation, highlighting ongoing debates about compensation and the DAO's structure.
NFT|Behind the PFP: The Rise of "NFT God" Alex Finn (Oct 27)
Alex Finn, known as "NFT God," disrupted the online space, amassing 170,000 followers and $250,000. Despite setbacks like a major hacking incident, he transformed challenges into motivation. Finn's unique content approach focuses on genuine personality, and he emphasizes organic over forced monetization. He forecasts a shift towards entertaining, distinct content on platform X.