ApeCoin DAO — the Web3 organizational entity built up around ApeCoin, a cryptocurrency token created in the spring of 2022 as a part of the Bored Ape Yacht Club ecosystem — has come under fire for paying out exorbitant salaries to its leadership board and being out of touch with its own community. On June…

Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s…

On Friday, June 9, Crypto.com, the Singapore-based cryptocurrency exchange, announced the suspension of its institutional exchange services in the United States, according to a statement from the company. The decision, set to take effect starting June 21, 2023, is primarily attributed to the lackluster demand from institutional customers in the prevailing market scenario. Institutional clients,…

Web3 has no shortage of “crossover episodes,” moments in crypto art culture where projects, memes, and personalities bleed into and influence each other in significant ways. Beeple’s daily commentary on the NFT space is a good example of this, but he is far from the only influential voice turning existing trends into something fresh and…

Welcome back to Now Runway, where we report to you from the frontlines of the digital fashion and luxury revolution. 9DCC, the digital fashion house from gmoney and streetwear pioneer Jeff Staple tease out a networked product to be revealed at Paris Fashion Week. DRAUP and Nicolas Sassoon give us this week’s more affordable collector’s…

Dust Labs has just initiated the roll-out of de[id], their new Web3 ID profile platform, specifically designed for DeGods NFTs and y00ts NFTs holders. The two projects have merged their Discords in favor of this more streamlined system. Frank DeGods, Founder of DeGods, says the goal of the platform is simple: to build software that…

The fallout from the U.S. Securities and Exchange Commission’s (SEC) civil lawsuit filing against Binance, the most popular crypto exchange by volume, continues this week, with Binance.US, the American arm of the global exchange, announcing a temporary halt to all fiat withdrawals late Thursday, June 8. The exchange attributed the move, which is expected to…

Kraken, a U.S.-based cryptocurrency exchange, has announced the official launch of its NFT marketplace following the successful completion of its beta testing phase. According to a press release, the marketplace will support over 250 NFTs across multiple blockchains, including Ethereum, Solana, and Polygon. In November 2022, Kraken introduced a public beta version of its NFT…

Generative artist Emily Xie has teamed up with the Los Angeles County Museum of Art (LACMA) to launch her latest collection, Interwoven. Xie, best known for her generative collection Memories of Qilin, is once again using the power of code to create enchanting pieces. This collaboration between the notable artist and museum holds a unique…