Bora Network has teamed up with Widus Partners to launch its first Gamefi fund. The two companies announced a $30 million fund that will invest in web3 products. 

Ethereum project the Bored Ape Yacht Club is seeing sinking prices as ETH falls and owners potentially panic-sell their valuable NFTs.

OpenSea, the leading NFT marketplace by volume, will continue to enforce creator fees on its platform for existing collections.

OpenSea, the leading NFT marketplace by volume, will continue to enforce creator fees on its platform for existing collections. This means that, unlike many exchanges which have made royalties optional, the creators of NFT collections already trading on OpenSea will be able to continue to collect royalties on trades. 

FTX Ventures, the $2 billion VC wing of the crypto empire, was a prominent investor in Yuga Labs’ $450 million funding round last March. A representative of the firm says that FTX's financial sibling Alameda Research is in charge of the wallet, and has previously traded Bored Apes as part of its NFT trading strategy.

A growing list of marketplaces are seeing the impacts of platforms ceasing to require buyers to pay royalties on collections. Experts aren’t optimistic about what this means for the market.

Flowcarbon, a blockchain startup co-created by WeWork co-founder Adam Neumann, will launch an NFT project that uses a majority of its proceeds to buy carbon offsets. Dubbed Flow3rs, the project will feature work from prominent NFT artists including Danny Cole of Creature World, Olive Allen, and Andre Oshea, among others.

The founders of NFT marketplace for "fantasy startup investing" raised $1.5 million in funding for Job Protocol, a new decentralized recruitment network.

Web3 startup Eterlast has left stealth mode having secured $4.5m (£3.9m) in funding for its blockchain-based gaming experiences.Eterlast develops NFTs in association with sporting and media franchise partners. The digital assets can be collected by consumers and used as part of gaming experiences.

These fees will remain unchanged until at least 12/8 - the deadline we gave ourselves to come out with a firm stance.