Yuga cuts staff, NFT trading on Mythos Chain increases and more…
Discounts on yoga labs
Yuga Labs, creator of Board Up Yacht Club, has announced a restructuring that will see several roles eliminated “across the company.”
The exact number of layoffs was not disclosed, but in a blog post shared by X (formerly Twitter) on Oct. 6, Yuga Labs CEO Daniel Alegre indicated that the company has finally taken on several projects that were distracting from its work. Major Issues”
Yoga Labs is announcing a restructuring that will better focus our team on our core priorities. While they may affect some roles, these changes are necessary to evolve as an organization. For more, see a note by @dalegre on our official blog.
— Yuga Labs (@yugalabs) October 6, 2023
“I quickly realized that there were many projects with good intentions that spread the team too thin or required execution experience beyond our core competencies,” he says.
“To create truly amazing experiences that matter to our communities and our businesses, we need to focus our efforts on a few key initiatives and join forces with more external partners to make these experiences happen.”
Moving forward, Alegre said the company will increase its focus on community building, while “going all-in” on its Metaverse project and securing product deals.
Nike's new Web3 sneaker
The Nike Web3 division .SWOOSH has unveiled its first physical sneaker line, the Air Force 1 Low TINAJ.
The sneakers feature a mix of white and black panels and blue .SWOOSH logos.
According to X's October 5th announcement, the sneakers will only be available to SWOOSH members who purchase and open at least one OF1 Box NFT before the October 16th deadline.
Meet TINAJ, the newest member of the .SWOOSH family
The first physical sneaker is here! Well… it's about to get here. pic.twitter.com/jHNZBhqbtz
— .SWOOSH (@dotSWOOSH) October 4, 2023
TheOF1 boxes cost $120 a pop and are available on the .SWOOSH website.
The catch is that not everyone who opens the boxes can get their hands on these shoes. The .SWOOSH team said there is limited availability on the X and did not reveal the exact numbers available.
Those who don't get TINAJ shoes are more likely to get other perks and other drops that open OF1 crates.
.@rothisrad https://t.co/VRltVWT3rr
— .SWOOSH (@dotSWOOSH) October 6, 2023
Mythos Chain passed Polygon and Solana
The increase in NFT trading volume on the gaming-focused Mythos Chain has seen the network surpass Polygon and Solana to become the second largest blockchain in terms of NFT trading volume in the past 30 days.
According to data from CryptoSlam, Mythos Chain has seen $33.5 million in NFT sales over the past 30 days, a 20.31% increase over that time frame.
By comparison, Polygon and Solana saw $30.9 million and $27.9 million each, which represented a decrease of 45.50% and 16.77%, respectively.
Almost all of the trading volume from Matos Chain comes from DMarket, the firm behind Matos Chain, which hosts NFTs from the list of legendary games.
One game behind the boom in NFT sales is Web3's mobile street racing game, Nitro Nation World Tour, which officially launched in October. The game is sponsored by famous DJ Deadmau5.
Dress up and rev up your engines! ️ The Nitro Nation – World Tour has officially begun!
Download the game now! Apple: https://t.co/eHp5aMqnxa
Android: pic.twitter.com/fClA0z5CST
— Nitro Nation World Tour (@NitroNationTour) October 5, 2023
Starbucks features a pumpkin spiced latte. but why?
Starbucks has launched an open issue of Pumpkin Spiced Latte NFTs on the Nifty Gateway marketplace.
NFTs cost $20 each and went on sale on October 5th and will be available until October 9th.
As of this writing, 1213 NFTs have been made, indicating that Starbucks has so far entered just under $25,000 of the collection.
NFTs are part of the coffee chain's Web3 loyalty rewards program called Starbucks Odyssey. The program also features NFT stamps, such as Pumpkin Spice Latte, that can be collected to earn points and special rewards.
Other Nifty news
Hong Kong-based crypto-focused venture capital firm CMCC. Dubbed the Titan Fund, it will focus on investments in key areas: blockchain infrastructure, consumer applications such as gaming and NFTs, and including remittances, wallets and lending and borrowing platforms.
Related: Blockchain Finance to Grow to $79.3B Market by 2032
PayPal has made significant progress in creating its own blockchain ecosystem by filing a patent application for an NFT purchase and transfer system. The application, filed in March and published on September 21, describes a method for conducting on-chain and off-chain transactions with NFTs.
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