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

Cutbacks astatine Yuga Labs

Bored Ape Yacht Club creator Yuga Labs has announced a restructuring that has seen respective roles “eliminated crossed the company.”

The nonstop fig of layoffs hasn't been specified, however, successful an Oct. 6 blog station shared via X ( formerly Twitter), Yuga Labs CEO Daniel Alegre suggested the steadfast had taken connected excessively galore projects that were yet distracting it from its “core priorities.”

Yuga Labs is announcing a restructuring that volition amended absorption our squad connected our halfway priorities. While definite roles person been impacted, these changes are indispensable to germinate arsenic an organization.
For much spot a enactment written by @dalegre connected our https://t.co/722YfqwaCB authoritative blog.

— Yuga Labs (@yugalabs) October 6, 2023

“I realized precise rapidly that determination were a fig of projects that, portion well-intentioned, either dispersed the squad excessively bladed oregon required execution expertise beyond our halfway competencies,” helium said, adding that:

“To make genuinely astonishing experiences that substance to our communities and our business, we request to spot our bets connected less cardinal initiatives and squad up with complementary outer partners to marque these experiences happen.”

Moving forward, Alegre outlined that the steadfast volition ramp up its absorption connected assemblage building, “going all-in” connected its Otherside metaverse task and securing marque partnerships.

Nike’s caller Web3 sneaker

Nike’s Web3 portion .SWOOSH has unveiled its archetypal carnal sneaker enactment called the Air Force 1 Low TINAJ.

The sneakers incorporate a substance of achromatic and achromatic panels and features bluish .SWOOSH logos.

As per an Oct. 5 announcement connected X, the sneakers volition lone beryllium disposable to .SWOOSH members who acquisition and unfastened astatine slightest 1 OF1 Box NFT earlier the Oct. 16 deadline.

— .SWOOSH (@dotSWOOSH) October 4, 2023

TheOF1 Boxes outgo $120 a popular and are disposable connected the .SWOOSH website.

The catch, however, is that not everyone who opens the boxes tin get their hands connected these shoes. The .SWOOSH squad noted connected X that determination is lone a constricted proviso and did not specify the nonstop numbers available.

Those who unfastened OF1 Boxes that don’t connection entree to the TINAJ shoes are apt to person different benefits and entree to different drops down the line.

.@rothisrad https://t.co/VRltVWT3rr

— .SWOOSH (@dotSWOOSH) October 6, 2023

Mythos Chain surges past Polygon and Solana

Surging NFT trading measurement connected the gaming-focused Mythos Chain has seen the web surpass Polygon and Solana to go the 2nd largest blockchain successful presumption of NFT income measurement implicit the past 30 days.

According to data from CryptoSlam, Mythos Chain has seen $33.5 cardinal worthy of NFT income measurement implicit the past 30 days, marking a 20.31% summation implicit that clip frame.

In comparison, Polygon and Solana saw $30.9 cardinal and $27.9 cardinal each, marking declines of 45.50% and 16.77% respectively.

Top 10 blockchains by NFT income volume. Source: CryptoSlam

Nearly each of the trading measurement from Mythos Chain is coming from DMarket, an NFT marketplace that hosts NFTs from a database of games affiliated with Mythical Games, the steadfast down the Mythos Chain.

One crippled that whitethorn beryllium down the surge successful NFT income is Nitro Nation World Tour, a Web3 mobile thoroughfare racing crippled that officially launched successful October. The crippled is backed by fashionable DJ Deadmau5.

— Nitro Nation World Tour (@NitroNationTour) October 5, 2023

Starbucks tokenizes Pumpkin Spiced Lattes. But why?

Starbucks has released an open-edition acceptable of Pumpkin Spiced Latte NFTs connected the Nifty Gateway marketplace.

The NFTs outgo $20 apiece and went up for merchantability connected Oct. 5, and volition beryllium disposable until Oct. 9.

At the clip of writing, 1213 NFTs person been minted, suggesting Starbucks has pulled successful conscionable nether $25,000 from the postulation truthful far.

Pumpkin Spiced Latte drop. Source: Nifty Gateway

The NFTs are portion of the java chain’s Web3 loyalty rewards programme called Starbucks Odyssey. The programme features NFT stamps, specified arsenic the Pumpkin Spice Latte, which tin beryllium collected to gain points and circumstantial rewards.

Other Nifty News

Hong Kong-based crypto-focused task superior steadfast CMCC Global raised $100 million to enactment Asian blockchain startups. Dubbed the Titan Fund, it volition ore connected investments successful cardinal areas: blockchain infrastructure, user applications similar gaming and NFTs, and fiscal services, including exchanges, wallets and platforms for lending and borrowing.

Related: Blockchain concern to turn into $79.3B marketplace by 2032

PayPal made large advancement toward creating its ain blockchain ecosystem by filing a patent application for a NFT acquisition and transportation system. The application, filed successful March and published Sept. 21, describes a means of carrying retired transactions with NFTs, some on- and off-chain.

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