On this week’s e-newsletter, take a look at non-fungible token (NFT) gaming undertaking Axie Infinity’s new trailer for its upcoming Web3 recreation, Atia’s Legacy. In different information, luxurious vogue large LVMH has been sued for NFT patent infringement, and NFT gross sales have tumbled by 63% since December 2024.
Axie Infinity teases new Web3 recreation as NFT outlook turns optimistic
Blockchain gaming undertaking Axie Infinity launched a trailer for its new Web3 recreation Atia’s Legacy. The sport is a massively multiplayer on-line (MMO) online game within the Axie universe. Axie Infinity developer Sky Mavis gave a sneak peek of the sport’s subsequent chapter, highlighting that the undertaking continues to offer true asset possession to its gamers.
The brand new improvement comes because the US Securities and Alternate Fee (SEC) dropped investigations into main NFT initiatives. As well as, a Trump-owned firm registered logos for an NFT market.
In an announcement, Sky Mavis co-founder Jeffrey Zirlin informed Cointelegraph that these are promising updates as a result of they might additional unlock the facility of tokens.
Luxurious vogue large LVMH sued over NFT patent tech for watches
Smartwatch face design agency Watch Skins sued luxurious model LVMH and accused it of patent infringement. Watch Skins claimed it developed a system that lets customers show verified NFTs on smartwatches.
The corporate alleged that TAG Heuer, an LVMH-owned watch model, unlawfully used its patented NFT show tech in a smartwatch. The corporate claimed that TAG Heuer inspired its customers to infringe on the patents by giving directions for utilizing the NFT show options.
Watch Skins requested a trial and compensation for misplaced royalties and revenue and a courtroom order to stop LVMH from additional utilizing the patented NFT tech.
NFT buying and selling quantity has tumbled 63% since December
Regardless of some optimistic regulatory developments and curiosity within the US, NFT buying and selling quantity momentum slowed within the first quarter of 2025.
NFT buying and selling volumes have dropped by over 60% since December 2024. In December, whole buying and selling volumes for blockchain-based digital collectibles hit $1.36 billion however fell 26% in January, in accordance with DappRadar analyst Sara Gherghelas.
The pattern continued by way of February, with volumes falling 50% month-on-month. Gherghelas attributed the downturn in NFT values to their reference to crypto costs. “Whereas NFTs had been displaying indicators of a comeback in latest months, their momentum has slowed because the begin of the yr,” she stated.
Thanks for studying this digest of the week’s most notable developments within the NFT house. Come once more subsequent Wednesday for extra stories and insights into this actively evolving house.
