Top 5 NFT News Covering all the Highs and Lows of the Marketplace

The irreplaceable digital tokens are all set to come up with innovations and features to boost the experience of NFT enthusiasts. As technology is bliss and a curse to the world, NFT is no exception.

If you are looking for the latest news on NFT, you are at the right place. Here are some of the top NFT news covering all the ups and downs of the NFT space.

Yuga Labs to uplift Otherside Metaverse, Restructuring Development Team

Yuga Labs, one of the leading blockchain development firms and creator of Bored Ape Yacht Club, announced its new plan to restructure the developing team. The firm cut staff in recent years and is all set to redesign its current development team. Advancement in NFT projects including BAYC, CryptoPunks, and Otherside Metaverse is the main reason behind the same. Also, Otherside Metaver, the development project, is expected to be completed by 2024.

Beeple and Yuga Labs Unite to Disclose Physical Crypto Punks

Cryptopunks, one of the oldest NFT projects, can take physical prints. Yuga Labs, the firm behind the NFT project, came together with Beeple, a renowned digital artist to execute the plan. As a part of the plan, Yuga Labs also opened a 48-hour window to print the NFTs in two events including Punk on Chain and 10,000 On-Chain.

The Rise of Ordinals Highlighting Bitcoin’s Offerings to NFTs

Bitcoin, one of the strongest, oldest, and most popular cryptocurrency is about to enter the NFT universe. Bitcoin Ordinal, a tool to feed data directly into the Bitcoin blockchain, has become a significant player in the NFT ecosystem. In addition to this, the ordinal summit 2023 attracted more than 400 specialists and aficionados globally, offering vital evolution of digital collectibles.

Pudgy Penguins NFT Regained its Position in the NFT Space

Pudgy Penguins, an NFT project introduced by TheIglooCompany in July 2021 recently regained its position in the NFT universe. The crypto bear market has created a major disturbance to the Web3 and NFT world. A key influence of the same is observed on the Pudgy Penguins NFT, a decline in project floor price from late 2021 to 2022. Partnerships with reputable brands including Hologram, which incorporate 3D models helped the project hit sky heights.

Torque Drift 2 Garage Come up with a New Epic Game

Torque Drift 2 Garage, an NFT project streaming over the Polygon blockchain is planning to offer an immersive gaming experience to the users. The project came up with epic games including Death Stranding and Assassin’s Creed Mirage. The integration of Web3 technology offers the players the array of perks, and in-game assets along with the potential to purchase, sell, and trade digital car parts in the external marketplaces.

Conclusion

The continuously growing NFT marketplace comes up with various surprises and innovations. NFT projects including Otherside, BYAC, CryptoPunks, Pudgy Penguins NFT, and Torque Drift 2 Garage are some highlights of the week.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing