Yuga Labs changed its logo after being accused of copyright infringement.
MAJR News Daily Blog - 2/21/23
Hi MAJR News Readers, starting today, we will be publishing daily. We can't wait to hear your thoughts and keep moving forward together. Thanks for being a part of the journey! - MAJR Team
Market Updates
Trading volume (7 days) for all collections $261,442,900 (+33.88%).
Analytics platform DappRadar placed Blur.io at the top of its leaderboard for volume over the past 24 hours as activity rose 41% to hit $114.34 million traded.
Ordinal NFTs have driven increased user activity on the Bitcoin blockchain, resulting in $600k in transaction fees earned by miners. Over 124k NFTs have been inscribed since Ordinals launched in December 2022.
Blur had more daily Ethereum trading volume than OpenSea for the first time ever last week.
dune.com
Interesting Articles
Yuga Labs Immediately Replaces Design After Accusations of Plagiarism
Yuga Labs was accused of plagiarizing and infringing copyright law due to its logo design for Bored Ape Kennel Club.
Easy Drawing Guides identified similarities between their own design and that of Yuga Labs. The freelancer initially hired by Yuga Labs was contacted for investigation purposes.
As a result of the investigation, Yuga Labs removed its logo design from the website and announced plans to replace it.
Bitcoin Ordinals Might Transform the Crypto Ecosystem
Bitcoin is gaining popularity as a leading cryptocurrency, with US authorities confirming it is not a security.
Its blockchain has expanded beyond P2P payments to include NFTs, enabling interaction with digital content creators.
Other crypto communities are creating bridges to integrate Bitcoin with alternative protocols, resulting in a more diverse and functional crypto space.
Marketplaces & collectors vs creators?
OpenSea, the world's largest NFT marketplace, has made major changes to its creator royalty and fee structure.
They have dropped the 2.5% fee and moved projects created before 2023 to optional royalties, allowing buyers to decide whether to honor a creator's royalty preference.
This move is part of a wider shift in the industry that favors NFT collectors over creators, with zero-fee platforms making up 80% of total NFT trading volume.
MAJR Updates
New Extension Update
We are pushing a new extension update this week.
The new update will come with a new UI specially designed for the Creator Video Contest—clean, simple layout for video submission and voting.
If we could describe the new update in 3 words, it would be: Submit. Vote. Earn.
MAJR Creators Genesis Collection is planning to be launched on Friday.
The First Video Contest where YouTubers and Viewers can Win.
To find out more about the contest, check out the docs.
Twitter WL Giveaway
We are giving away 10 WL spots on Twitter.
Sign up for exclusive access to MAJR Creators Genesis collection:
https://o955e54he27.typeform.com/MAJRCreator