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On April 25, 2022, OpenSea announced the acquisition of the NFT marketplace aggregator company Gem.xyz. [24] On June 30, 2022 OpenSea reported a major email data breach had occurred when a senior engineer at an email vendor, Customer.io, misused his employee access to download and share OpenSea user email addresses with an "external bad actor."
In April 2023, Solana Mobile, a subsidiary of Solana Labs, [11] began selling the Solana Saga, an Android smartphone with several Solana-based decentralized apps preinstalled. [ 12 ] In June 2023, the SEC sued Coinbase , alleging that Solana and twelve other currencies offered by the platform failed the Howey Test and qualified as securities.
During the height of the breakout success of CryptoKitties and the emergence of ERC-721 tokens in 2017, an NFT marketplace called OpenSea emerged to capitalize off of the new non-fungible token standard. [46] It positioned itself early in the NFT market landscape and grew to a $1.4 billion market cap in 2021 during the then-ongoing NFT boom. [47]
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Bored Ape Yacht Club (BAYC), often colloquially called Bored Apes or Bored Ape is a non-fungible token (NFT) collection built on the Ethereum blockchain with the ERC-721 standard. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm.
Blockchain technology, such as cryptocurrencies and NFTs, provides potential monetization routes for video games. Many live-service games offer in-game customization options, such as character skins or other in-game items, which the players can earn and trade with other players using in-game currency.
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Axie Infinity is a blockchain game developed by Vietnamese studio Sky Mavis, [1] known for its in-game economy [2] which uses Ethereum-based cryptocurrencies. [3] It has been called "a pyramid scheme that relies on cheap labor from countries like the Philippines to fuel its growth."