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.