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

Yuga Labs Restructuring: Yuga Labs, the creator of the Bored Ape Yacht Club, has announced a restructuring that includes layoffs. The exact number of layoffs has not been specified, but Yuga Labs CEO Daniel Alegre mentioned that the company had taken on too many projects, diverting its focus from core priorities. The company will now concentrate on community building, its Otherside metaverse project, and securing brand partnerships.

Nike's Web3 Unit Launches Sneaker Line: Nike's Web3 unit, known as .SWOOSH, has unveiled its first physical sneaker line called the Air Force 1 Low TINAJ. These sneakers feature a mix of white and black panels with blue .SWOOSH logos. They will be exclusively available to .SWOOSH members who purchase and open at least one OF1 Box NFT before the October 16 deadline. The OF1 Boxes are priced at $120 each, but there is a limited supply of the TINAJ shoes, and not everyone who opens the boxes will receive them.

These developments showcase the ongoing evolution of NFTs and their integration into various industries, including art, fashion, and digital communities.

#Web3.0 #NFT #Blockchain #Crypto #Cryptocurrency #AI #Metaverse #OpenSea #AR