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After 24 hours of bidding, the auction for Yuga Labs’ inaugural project on the Bitcoin Ordinals protocol ‘TwelveFold’ has ended. In total, 288 of the 300 TwelveFold ‘inscriptions’ were up for grabs, with the remaining 12 being reserved for “contributors, future donations, and philanthropic efforts”. Here – and in a dynamic that captured the…

Over eight months later on from the first edition, NFT empire Yuga Labs has returned with its ‘Second Trip’ test experience that is tied to its in-development metaverse platform the Otherside. Yuga Labs’ Otherside Second Trip The event took place on March 25th, with over 7200 concurrent participants (a.k.a Voyagers) engaging with the event…

The ‘metaverse’ has undoubtedly become one of the most successful Web3 buzzwords to seep its way into mainstream consciousness. The term was first coined by American writer Neal Stephenson, in his 1992 novel ‘Snow Crash’. Thirty years on- and thanks to blockchain technology- the seemingly futuristic concept has now become somewhat of a reality…

Bitcoin Ordinals have been one of the major talking points of the crypto-come-NFT intersection recently, with Yuga Labs’ ‘TwelveFold’ project drawing even more attention to the new area of non-fungible opportunities. However, despite the initial hype for the project, the dynamics of its mint have caused a stir across the NFT scene, as many…

Checks, Open Editions, Sewer Passes….NFTs have been making headlines lately, and it’s not just for their eye-popping price tags. The rise of NFT lending is adding fuel to the fire, with a record-breaking $444 million in monthly volume reported for January alone. While NFT loans may boost liquidity in the market, the volatile nature…

‘Utility’ is perhaps the most infamous buzzword of the NFT space, as for many, the prospect of receiving valuable benefits through digital asset ownership is what’s needed for propelling Web3 into the mainstream. For those clued-in on what the ’NFT utility’ landscape currently looks like, you’ll know that it mainly consists of perks such…

Gaming and NFTs- two areas of technology that are becoming increasingly synonymous with one another throughout the expansion of Web3 uses cases. When pondering what the intersection of the two realms looks like, your thoughts- quite understandably- may turn to play-to-earn (P2E) gaming– a revolutionary new gaming dynamic that’s been made accessible to the…

Web3 has had its fair share celebrity evangelists, be it Paris Hilton, Tom Brady, or the esteemed British actor Sir Anthony Hopkins. However, topping such list can only ever be one man, as after propelling himself across metaverse platforms, NFT collections, and his more-native domain of Music NFTs, legendary Long Beach rapper Snoop Dogg…

When centralised entities decide to get involved in Web3 antics, it’s always a strange and rather ironic dynamic to behold. Whilst US authorities have been clamping down on NFTs and their supposed status as a taxable security, their friends across the pond- the UK government that is- have been planning to launch a government-backed…

Relatively speaking, the involvement of NFTs within social movements remains pretty scarce, as whilst many art pieces may elicit thought provoking imagery — through artists such as Beeple — not very often do the two worlds become publicly intertwined. That being said, with the majority of NFTs being art-depicting in nature, there is most-certainly…