The NFT market has been a hot topic of discussion in recent months, with both the mainstream media and the crypto community paying close attention. The week of April 3 to April 9 was no exception, with a number of major news stories emerging from the space. In this article, we will take a look at some of the biggest NFT news from that week.
OpenSea lays off 20% of its workforce.
NFT marketplace OpenSea has laid off 20% of its workforce, or about 220 employees. The layoffs come as the NFT market has cooled in recent months. OpenSea CEO Devin Finzer said in a memo to employees that the company is “entering a recession” and needs to “ensure we stay healthy during this economic downturn.
Visa partners with Candy Digital to launch NFT platform.
Payment giant Visa has partnered with Candy Digital to launch an NFT platform. The platform will allow Visa customers to buy, sell, and trade NFTs. Candy Digital is a sports and entertainment NFT company that was founded by former MLB star Derek Jeter.
NBA Top Shot launches new pack drop.
NBA Top Shot, the official NFT marketplace of the National Basketball Association, has launched a new pack drop. The pack drop includes 10,000 NFTs featuring moments from the 2021-22 NBA season. The pack drop sold out in minutes, generating over $20 million in sales.
Gary Vaynerchuk launches VeeFriends NFT collection.
Entrepreneur and investor Gary Vaynerchuk has launched his own NFT collection, called VeeFriends. The collection includes 10,255 NFTs, each of which represents a character in Vaynerchuk’s “VeeFriends” universe. The collection has been met with strong demand, with some NFTs selling for over $1 million.
The Bored Ape Yacht Club launches its own metaverse.
The Bored Ape Yacht Club, one of the most popular NFT collections, has launched its own metaverse. The metaverse, called Otherside, is a 3D world where Bored Ape owners can interact with each other and other NFT characters. Otherside has been met with strong demand, with over 300,000 people trying to mint a land NFT on the first day of the sale.
These are just a few of the NFT news last week. The NFT market is constantly changing, so it is important to stay up-to-date on the latest news and developments.