Metaverse
Meta (formerly Facebook) sees stock value rise despite $13B in VR losses
The news is good for traditional investors, but bad for metaverse and NFT hopefuls.
Mike Dalton 2 min read NFTs News
Read NFT news covering collections, marketplaces, creator tools, tokenized media, and the shifting role of digital ownership in Web3.
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Mike Dalton 2 min read 
NFTs
Rally’s RLY token tanks 10% as sidechain shuts down – severing users’ from their NFTs
Rally blamed its decision on the challenging past year — the "macro headwinds are too overwhelming to overcome in the current environment."
DEX
Squid brings native cross-chain swaps to 25 blockchains
Axelar powered protocol, Squid, raised $3.5M to bring cross-chain swaps to EVM and Cosmos ecosystems
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NFTs
Sorare, English Premier League enter multi-year NFT deal
The multi-year deal includes an NFT backed fantasy football league featuring top Premier league players
NFTs
Birkin vs. MetaBirkin, what one case heading to trial today may mean for the future of Web3
Hermès is suing artist Mason Rothschild over an NFT collection it says infringes its trademark.
Hacks
Azuki’s Twitter account used to promote fake virtual land mint
The hackers posted two tweets with malicious links to promote a fake virtual land mint.
Crime
NFTs worth millions disappear from prominent Web3 builder’s wallet
Kevin Rose lost over 40 NFTs due to a malicious phishing attack targeting his OpenSea signature
NFTs
Amazon to launch gaming-focused NFT initiative
One example of the initiative — allowing Amazon customers to play crypto games and claim free NFTs — is currently being developed.
NFTs
Pudgy Penguins launches cross-chain transactions for Polygon, BNB Chain, Arbitrum
The project is using LayerZero to expand its current Ethereum blockchain to improve ease of access and network capability.
