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The contentious legal fight between Yuga Labs, the company behind the Bored Ape Yacht Club non-fungible token collection, and digital artist Ryder Ripps and his counterpart artist continues inside court, with Yuga Labs founder accusing Ryder Ripps of IP trademark infringement and cybersquatting. Outside the court matters, Ripps has ridiculed the Bored Ape founder, an act that has somewhat created a sensation on X. you cannot copy an nft — RYDER RIPPS 🔜 (@ryder_ripps) August 14, 2025 Ripps Mocks Bored Ape NFT Creator Greg In an August 14 blog post, Ryder Ripps tweeted that “nobody has made more money from my art than Eric Ball, nobody has spent more money on my art than Greg Solano.” In his X tweet, Ripps ridiculed Greg Solana, the founder of the Bored Ape NFT collection, for spending over $30 million on creating his Bored Ape NFT art and spending more than $3 million on top to defend it in court. Eric Ball is known for representing leaders in the blockcha...

The global non-fungible token market is showcasing signs of life again this July, after several months of declining trading activities. Instead of NFTs as a status symbol and collector item, they are being adopted as tools for loyalty programs, real-world asset tokens, and as a part of Web3 gaming. In response to this renewed interest, trading sale volumes have spiked above $25 million, and NFT users have also started to purchase NFTs that used to make headlines during the previous historic 2021 bull run. EtherRock NFT Purchased For $300K Data compiled by Etherscan, a renowned blockchain explorer designed for the Ethereum chain, allowing crypto users to view and analyze various aspects of the Ethereum blockchain, such as NFT transactions, blocks, smart contracts, and wallet addresses, confirmed that an anonymous NFT holder sold his EtherRock NFT collection. The EtherRock NFT #59 NFT collection exchanged hands at 82.4 ETH or $300,000. EtherRock 59 purchased for $300,000 (82.4 ETH) ...

The crypto and non-fungible token gaming space has started slowly becoming popular again, with many prominent game coins starting to surge, new gaming startups releasing token airdrops, and a seemingly constant array of other things happening recently. In this article, we have listed some of the top-selling non-fungible token game-based coins by trading sales volume, according to CoinMarkerCap.com. NFT Gaming Resurfaces In Q4, 2024 By description, NFT gaming is a type of video game that uses non-fungible tokens as a key part of the game’s economy and gameplay. It is designed to give gamers true ownership of their in-game assets, allowing them to sell, monetize, and display them independently. NFT gaming combines blockchain technology, gaming, and decentralized finance to let crypto players earn cryptocurrencies and NFT rewards. 1. Floki $FLOKI FLOKI is a utility gaming token that serves as the native currency for various utilities within the Floki ecosystem. FLOKI is ...

During its recent ‘Apes Come Home’ event, Yuga Labs offered a closer look at progress made on its ‘gamified, interoperable metaverse’ Otherside. Specifically, the event offered holders of Yuga Labs NFT s the opportunity to join up with other community members in a shared browser-based game.  Predictably, different holders had different reactions to this event, with X user ‘ThePilot.x’ claiming that “every single part of the Apes Come Home experience was SO much better than I was expecting” and further highlighting that both of his children also enjoyed the experience. Less impressed was Rug Radio creator ‘Orangie’ who shared a video with Decrypt to describe his experience. The video opens by revealing that the in-game proximity text and voice chat were not functioning , and apes were directed to Discord if they wanted to chat. He then discusses how he thought the graphics were impressive and then spends time with the prim...

Crypto.news spoke with David Shrier, the author of the book ‘Basic Metaverse,’ about the future of the virtual world. The global metaverse market could potentially reach a revenue of $1,237 billion by 2030, as projected by recent reports. However, intricate security and privacy concerns may slow down the market’s growth. Crypto.news discussed these and other concerns with David Shrier, a futurist, author, and entrepreneur, at Websummit in Lisbon. In his book ‘Basic Metaverse: How Virtual Worlds Will Change Our Reality and What You Can Do to Unlock Their Potential’, Shrier delves into the future of this emerging technology and its potential impact on our daily lives. During our conversation, we explored the metaverse challenges, and the possibility of a future where interacting with the virtual world via contact lenses or even brain implants may become a reality sooner than you may think. Crypto.news: Your book, ‘Basic Metaverse,’ was publi...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As the dust settles on the recent SAG-AFTRA strike, Hollywood finds itself at a pivotal moment, a turning point that demands not just reflection but action. The labor dispute, which echoed from July to November 2023, shone a harsh light on the entrenched issues plaguing the industry. Central to these were the calls for fair compensation and the ethical quandaries brought forth by the use of artificial intelligence in digital performances. You might also like: Beyond the hype: Web3 is in dire need of a rebrand | Opinion This strike, rippling across global movie and TV productions, was a clear call for Hollywood to embrace innovation ethically. The resolution of this conflict did more than end a standoff and marked the beginning of a transformative chapter. This is a chapter where the adoption of emerging technologies like...

Amidst the market dip, NFT projects might seek creative avenues to redefine their purpose and enhance utility. Non-fungible tokens, or NFTs, have been the subject of heated debate in the last few years. They serve as digital certificates for artwork, collectibles, and virtual game accessories. They are usually bought and sold online, often using cryptocurrency, and are typically embedded within smart contracts on blockchain platforms.  In 2021, NFTs witnessed a massive surge in public interest, leading to unprecedented sales. However, the sector has recently hit a rough patch, marked by an overall drop in sales and item prices, causing critics to question its long-term viability. Current NFT market scenario In the first week of July, OpenSea data revealed a significant drop in the floor price of one of the most popular digital collections, Yuga Labs’ Bored Ape Yacht Club (BAYC). The collection went from 38 Ether (ETH), then equivalent to $73,000, down to less than 28 ETH ($53,500)...

Basketball legend Michael Jordan’s net worth stands at $3.5 billion and is currently higher than the entire NFT market, which was valued at over $15 billion just two years ago. Basketball icon Michael Jordan, often heralded as the greatest-of-all-time (GOAT), has added another notch to his already illustrious belt. A recent stake sale in the Charlotte Hornets has catapulted Jordan’s net worth to an estimated $3.5 billion, per data from the Bloomberg Billionaires Index.  This significant financial achievement becomes even more note worth y when compared to the declining non-fungible token (NFT) market . Once a thriving sector in crypto, NFTs have recently experienced substantial drops in trading activity and value. After selling his stake in the Charlotte Hornets, Michael Jordan's net wealth is now $3.5bn, more than pretty much the entire NFT market combined. pic.twitter.com/Yz6KOod2HA — NFTstats.eth (@punk9059) August 30, 2023 NFTs have gone from boom to ...

Protocol developers demand that CEO and CTO Yubo Ruan step down, while Ruan has accused the development team of an "illegal takeover." On May 10, nonfungible tokens (NFT) financialization protocol ParaSpace published several allege d irregularities tying its CEO, founder, and CTO Yubo Ruan to the mismanagement of funds equaling 2,909 Ether (ETH) recovered through a white-hat interception that occurred on March 18. Ruan denied any wrongdoing, writing: "manufacturing claims with the intent to take over and force me to step down as CEO. This is highly problematic and the legal team has taken action."  Dear ParaSpace Community, TL;DR: There have been no malicious acts from the team. All funds are safe from Yubo, the protocol is under the full control of the team, and we have the financial means to ensure the stability of the platform. Today, we are sharing information brought… pic.twitter.com/58M3U1uLwv — ParaSpace (@ParaSpace_NFT) May 10, 2023 On or around March ...

Art generated by artificial intelligence is making waves because of its ramifications — for originality, authorship, and authenticity. The artificial intelligence Art gold rush began around 2018 when Christie’s auctioned “Portrait of Edmond Belamy” for an astounding $432,500. Since then, it has been an up-only journey for AI-generated images. “Théâtre D’opéra Spatial,” Jason Allen’s AI artwork, even won a prize at the Colorado State Fair art competition. This shows how AI-generated images have not only become more popular but also very sophisticated recently. But not everyone is happy about this development, and their concerns are valid. The evolution of AI art has sparked feisty debates around originality, authorship and authenticity — themes fundamental to artistic expression. Generative AI, like any other technology, is intent-neutral. Whether the outcome is good or bad depends on how we use it. So, it’s crucial to understand how and to what extent AI influences artistic communitie...

Industry pioneers designed a blockchain for the specific needs of travelers and related businesses in the Web3 era. Being stuck at home for almost two years due to the COVID-19 pandemic, people around the world are eager to experience new cities, countries and cultures. The flexibility of working from home now allows travelers to plan around a less home-bound lifestyle. However, age-old problems, including delayed or canceled transportation, lost luggage and check-in mixups, continue to trouble the travel industry, which is expected to tap $850 billion in revenue by the end of 2023. People rightly have high expectations for their Travel experience, including low cost, better security, transparency and personalisation. These demands can be met with the help of peer-to-peer (P2P) connections, decentralized networks, fast transactions and interoperable systems that enable seamless data exchange. Global online travel market size 2021 vs. 2027. Source: Renub Research That's why the tra...

Crypto’s value increases with more users, creating a positive feedback loop due to the network effect. The network effect is a phenomenon where the value of a product or service increases as more people use it. As the user base grows, there are more opportunities for interactions, which can lead to increased benefits and positive outcomes for each user. The network effect is a powerful driver of growth and adoption for many technologies and platforms, including social media, messaging apps and marketplaces. The network effect and cryptocurrencies The network effect is also a central concept in the world of cryptocurrency. In general, it means that a cryptocurrency’s value rises as more people use it. This is because a larger user base results in higher liquidity and trading volume, which increases acceptance and utilization. For instance, the enormous and expanding user base of the Bitcoin network creates a powerful network effect that has increased its market acceptability, liquidit...