We see new fashion brands involved in NFT. The Bored Ape Yacht Club found a way to make headlines last week for multiple reasons. Also, another cryptocurrency executive, this time the one who launched the largest of his NFT marketplaces, is stepping down.
These are just a few of the biggest NFT stories of the week. Every weekend, we analyze the volume of NFT actions over the past week. Let’s take a look back at the latest.
Non-Fungible Token News of the Week
Community Council of Bored Ape Yacht Club
Yuga Labs is one of the most dominant names in NFT, last week 7 member community council – Consists of BAYC holders who are expected to formalize their voices on behalf of community members. Yuga Labs suggests that this mechanism of community representatives can be integrated into other projects such as his CryptoPunks and Meebits, which are other good projects.
The formation of the council, which included both BAYC and MAYC NFTs, received mixed reviews but was generally approved by community members.
Fashion Forward: Hugo Boss, Wrangler join list of fashion brands involved in NFT
Over the last few years, we have covered various fashion brands that have explored cryptocurrencies and NFTs. From designer brands like Louis Vuitton, Gucci, and Burberry to sports brands like Adidas and Nike (and everything in between), we’ve seen brands take different and unique approaches. That said, “metaverse fashion” is still in its infancy, with brands generally exploring uncharted territory and few case studies.
Two new brands entered the space last week, Hugo Boss and Wrangler. Despite their differentiation in the fashion market, both brands have found new partnerships in his NFT space that fits their respective brands.Hugo Boss established a partnership Web3’s Imaginary Ones and NFT collections are starting points for two groups. The first collection will be launched next month.
Meanwhile, longtime denim pioneer Wrangler has found an NFT partner better suited for a ‘casual fit’ with its NFT collection Deadfellaz. The two are working on an interactive digital comic strip of “choose your own” stories. Wrangler is celebrating his 75th anniversary and Deadfellaz is his 1st.
There was plenty of discussion around Bored Ape Yacht Club NFTs over the past week - the ecosystem around BAYC includes the APE token that was unveiled earlier this year. | Source: APE-USD on TradingView.com
OpenSea CFO resigns
seemed to be in a hurry Cryptocurrency executive resigns With OpenSea’s CFO Brian Roberts recently stepping down, another name could be added to the list. He joined last year after holding the same position at ride-sharing company Lyft. He will continue to communicate with OpenSea as an advisor.
Roberts joins executive teams including FTX President Brett Harrison, Kraken’s Jesse Powell and Celsius’ Alex Mashinsky, as they step down from their previous roles at their respective companies.
7 BAYC NFTs Stolen in Phishing Scams
Serial scammer with notorious crypto detective ZachXBT hot in his way last week targeted another slate of Bored Ape NFTs, phishing seven NFTs worth over $700,000. Phishing continues to be a major focus of theft in the NFT space. No good NFT project seems immune to phishing attacks by intuitive hackers. Only education and software development can help alleviate the problem.
NFT.NYC Secures Stable Multi-Year Sponsorship
Immutable, the operator of layer 2 platform Immutable X, has signed a multi-year deal to sponsor NFT.NYC and is less than 30 days away from its debut event in London. Immutable is expected to take the lead in ticketing, said Robbie Ferguson, co-founder of Immutable. press release that:
“Our partnership with NFT.NYC is an industry first and the beginning of a significant collaboration in the NFT space. Immutable builds and scales world-class web3 games, bringing the next billion players to web3. This new partnership will allow us to offer exciting experiences and engaging activities at all NFT.NYC events.”
Featured image from Pexels, Charts from TradingView.com
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