Nifty News: Yuga cuts staff, NFT trading volume on Mythos Chain surges and more…

The precise number of layoffs hasnt been defined, nevertheless, in an Oct. 6 blog site post shared through X (formerly Twitter), Yuga Labs CEO Daniel Alegre suggested the firm had actually taken on too numerous projects that were eventually distracting it from its “core top priorities.” Yuga Labs is revealing a restructuring that will much better focus our team on our core top priorities.– Yuga Labs (@yugalabs) October 6, 2023

Thank you for reading this post, don't forget to subscribe!

Starbucks tokenizes Pumpkin Spiced Lattes. Why?Starbucks has released an open-edition set of Pumpkin Spiced Latte NFTs on the Nifty Gateway marketplace. The NFTs cost $20 apiece and increased for sale on Oct. 5, and will be available till Oct. 9. At the time of composing, 1213 NFTs have actually been minted, recommending Starbucks has drawn in simply under $25,000 from the collection up until now. Pumpkin Spiced Latte drop. Source: Nifty GatewayThe NFTs are part of the coffee chains Web3 loyalty rewards program called Starbucks Odyssey. The program includes NFT stamps, such as the Pumpkin Spice Latte, which can be collected to earn points and specific benefits. Other Nifty News Hong Kong-based crypto-focused equity capital firm CMCC Global raised $100 million to support Asian blockchain startups. Called the Titan Fund, it will focus on financial investments in essential locations: blockchain infrastructure, consumer applications like gaming and NFTs, and monetary services, consisting of exchanges, wallets and platforms for loaning and borrowing.Related: Blockchain financing to grow into $79.3 B market by 2032PayPal made significant progress toward developing its own blockchain environment by submitting a patent application for a NFT purchase and transfer system. The application, submitted in March and published Sept. 21, explains a way of performing deals with NFTs, both on- and off-chain. Magazine: Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & & crypto video gaming, Formula E.

Mythos Chain rises previous Polygon and SolanaSurging NFT trading volume on the gaming-focused Mythos Chain has actually seen the network surpass Polygon and Solana to end up being the second largest blockchain in regards to NFT sales volume over the previous 30 days. According to information from CryptoSlam, Mythos Chain has seen $33.5 million worth of NFT sales volume over the previous 30 days, marking a 20.31% increase over that time frame. In comparison, Polygon and Solana saw $30.9 million and $27.9 million each, marking decreases of 45.50% and 16.77% respectively. Leading 10 blockchains by NFT sales volume. Source: CryptoSlamNearly all of the trading volume from Mythos Chain is originating from DMarket, an NFT marketplace that hosts NFTs from a list of video games affiliated with Mythical Games, the company behind the Mythos Chain. One game that may lag the surge in NFT sales is Nitro Nation World Tour, a Web3 mobile street racing game that formally released in October. The game is backed by popular DJ Deadmau5. Suit up & & rev your engines! The Nitro Nation – World Tour has actually officially started!Download the game now!Apple: https://t.co/eHp5aMqnxaAndroid: https://t.co/VLXRpDRTpB pic.twitter.com/fClA0z5CST— Nitro Nation World Tour (@NitroNationTour) October 5, 2023

The.SWOOSH team kept in mind on X that there is only a restricted supply and did not define the specific numbers offered. Those who open OF1 Boxes that dont provide access to the TINAJ shoes are likely to get other benefits and access to other drops down the line..@rothisrad https://t.co/VRltVWT3rr—.SWOOSH (@dotSWOOSH) October 6, 2023

The exact number of layoffs hasnt been defined, nevertheless, in an Oct. 6 blog post shared via X (formerly Twitter), Yuga Labs CEO Daniel Alegre recommended the company had actually taken on too many tasks that were ultimately distracting it from its “core top priorities.” Yuga Labs is revealing a restructuring that will much better focus our group on our core priorities. Mythos Chain surges past Polygon and SolanaSurging NFT trading volume on the gaming-focused Mythos Chain has seen the network exceed Polygon and Solana to become the 2nd biggest blockchain in terms of NFT sales volume over the past 30 days. Source: CryptoSlamNearly all of the trading volume from Mythos Chain is coming from DMarket, an NFT marketplace that hosts NFTs from a list of video games affiliated with Mythical Games, the firm behind the Mythos Chain. Dubbed the Titan Fund, it will focus on financial investments in essential locations: blockchain facilities, consumer applications like gaming and NFTs, and financial services, consisting of exchanges, wallets and platforms for financing and borrowing.Related: Blockchain financing to grow into $79.3 B market by 2032PayPal made significant development towards producing its own blockchain ecosystem by filing a patent application for a NFT purchase and transfer system.

” I understood extremely rapidly that there were a number of tasks that, while well-intentioned, either spread out the group required or too thin execution knowledge beyond our core competencies,” he stated, including that: “To create truly remarkable experiences that matter to our neighborhoods and our organization, we require to place our bets on fewer key efforts and partner with complementary external partners to make these experiences happen.” Moving forward, Alegre detailed that the firm will increase its focus on community building, “going all-in” on its Otherside metaverse job and protecting brand partnerships. Nikes new Web3 tennis shoe Nikes Web3 unit.SWOOSH has actually unveiled its first physical tennis shoe line called the Air Force 1 Low TINAJ. The tennis shoes contain a mix of white and black panels and features blue.SWOOSH logos. Based on an Oct. 5 statement on X, the sneakers will just be available to.SWOOSH members who purchase and open a minimum of one OF1 Box NFT before the Oct. 16 deadline.Meet the most recent member of the.SWOOSH family, TINAJ Our very first ever physical sneaker is here! Well … almost here. pic.twitter.com/jHNZBhqbtz—.SWOOSH (@dotSWOOSH) October 4, 2023