Improbable’s Successful Shift: From Gaming to Metaverse Amid Industry Turmoil
In the midst of turmoil within the metaverse industry, Improbable, a British company founded over a decade ago, has managed to maintain its position in the gaming industry by shifting its focus to the metaverse concept. Unlike many other businesses that have faced significant losses and challenges i ...
Lawsuit Targets Bored Ape Yacht Club NFTs’ Plummeting Value and Alleged Collusion
Four investors who bought NFTs from the Bored Ape Yacht Club collection are suing project creator Yuga Labs and one of the oldest auction houses, Sotheby's, accusing them of promoting tokens whose value has fallen significantly. Investors have accused Sotheby's of colluding with developer Yuga La ...
Bored Ape Yacht Club (BAYC) Creators Yuga Labs Respond to OpenSea’s Removal of Operator Filter
Bored Ape Yacht Club (BAYC) creators Yuga Labs is set to wind down support for OpenSea following the platform’s upcoming removal of its on-chain royalty enforcement tool Operator Filter. The Operator Filter was launched in November 2022, essentially enabling creators to restrict secondary nonfung ...
Binance Launches NFT Lending with Support for Ethereum, Plans Expansion
Only Ethereum is accepted against NFT at this time The lending rate is 7.91% p.a. The Binance cryptocurrency exchange is launching an NFT lending feature on its trading floor. Users will now be able to obtain cryptocurrencies using NFT as collateral. Currently ...