The NFT Industry: Examining 3 Recent Developments

The Non-Fungible Token (NFT) industry is one of the most rapidly evolving spaces in digital technology. With new developments and partnerships emerging on a regular basis, this article will take a closer look at three recent developments in the NFT space.

y00ts and deGods NFT Projects Move to Polygon

On December 27th, the y00ts and deGods NFT projects announced that they had accepted $3 million from Polygon to move their collections to the platform. While other platforms offered larger sums, y00ts and deGods chose Polygon as it was the best fit for their projects. The funds from this deal will be used to hire new employees and increase mainstream acceptance of the projects, with team founder Frank III emphasizing that it would not be used for personal consumption.

RealZoo: A New NFT Game

Yipy, an indie game developer, recently released a game called RealZoo which allows users to log in using a Gmail account and immediately receive tokens which can then be spent on eggs that hatch into virtual animals. These tokens cannot be cashed out for any real value but users can earn them passively by holding onto their animals or buying them using a credit card. It is interesting to note that Yipy was able to create and release RealZoo in just “a few hours” while Logan Paul’s CryptoZoo project has faced difficulties since 2021.

SuperRare Labs Layoffs

SuperRare Labs, the company behind SuperRare’s NFT marketplace, announced layoffs of 30% of its staff due to over-hiring and aggressive growth last Friday. CEO John Crain acknowledged this mistake but reassured employees that there is still opportunity for transformation yet to come for Web3 art – aiming towards a global digital art renaissance which is transparent, fair and accessible for everyone around the world.

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How much money did the y00ts and deGods NFT projects receive from Polygon to move their collections to the platform?

The y00ts and deGods NFT projects received $3 million from Polygon to move their collections to the platform.

Why did the y00ts and deGods team choose to move to the Polygon platform?

The y00ts and deGods team chose to move to the Polygon platform because it was the best fit for their projects, even though they received larger offers from other platforms.

What will the funds from the Polygon deal be used for?

The funds from the Polygon deal will be used to hire new employees and increase mainstream acceptance of the y00ts and deGods projects.

Who developed and released the game RealZoo?

An indie game developer by the name of Yipy developed and released the game RealZoo.

How does RealZoo compare to the original vision for CryptoZoo?

RealZoo is similar to the vision for CryptoZoo, allowing players to breed and trade virtual animals using tokens that can be earned within the game or purchased with a credit card. However, RealZoo was developed and released in just a few hours, while CryptoZoo has faced difficulties in its development since 2021.

What is the reason behind SuperRare Labs laying off 30% of its staff?

SuperRare Labs is laying off 30% of its staff due to over-hiring and aggressive growth.

What is the CEO of SuperRare Labs doing to help the employees affected by the layoffs?

SuperRare CEO John Crain is committed to helping those affected by the layoffs transition to new opportunities and is reassured employees that there is still a lot of innovation and transformation yet to come for Web3 and digital art.

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