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Yuga Labs, the $4 billion startup behind the Bored Apes Yacht Club and other prominent NFT projects, announced Friday that it has restructured the company and eliminated certain roles as a result, leading to layoffs, Decrypt reported. In a team email that was also shared publicly, Yuga Labs CEO Daniel Alegre wrote that he believed the startup had taken on
Nathaniel Chastain, a former head of product at OpenSea, was sentenced to three months in prison and fined $50,000 on Tuesday, according to Inner City Press, The Block reported. Chastain, 31, was a “first time offender” and had a “potentially promising future,” a judge in the U.S. District Court for the Southern District of New York said on Tuesday, according
On Monday afternoon, as pointed out by Parker Molloy, CNN ended its big Web3 project by announcing, “We have decided that it’s time to say goodbye to the Vault by CNN.”, The Verge reported. Parker Molloy tweeted: “Just saw that CNN announced the end of its bizarre NFT market where they’d sell NFTs of news stories.” CNN tweeted the following
Starbucks announced Starbucks Odyssey, a new experience powered by Web3 technology that will offer Starbucks Rewards members and Starbucks partners (employees) in the United States the opportunity to earn and purchase digital collectable assets that will unlock new benefits and immersive coffee experiences. Starbucks claims it is one of the first companies to integrate non-fungible tokens (NFT’s) with an industry-leading
GameStop fired its top executive and other layoffs at Game Informer. An article on Game Informer, posted on July 8, 2022, stated that GameStop “which is in the process of pivoting its business around crypto” fired one of its top executives and laid off a number of Game Informer staff. In a filing with the US government, GameStop said it
I’ve seen people on Twitter, who are into cryptocurrency and who have those hexagon shaped avatars (that they had to pay for), praise the blockchain. There appears to be a widely held concept that the blockchain is safe because it cannot be changed. Some of those people, who are in NFT focused Discords learned a lesson the hard way. Vice
Ubisoft recently launched Ubisoft Quartz, which would enable Ubisoft to add NFTs into (at least some of) their games. The Ubisoft Quartz website specifically mentions Tom Clancy’s Ghost Recon Breakpoint, which the company chose to start putting NFTs into. It appears that the majority of people who play Ubisoft’s games were not happy about that decision. According to VideoGamesChronicle, “Ubisoft