Yuga Labs' Latest ApeChain Development

This Week's Low-Down:

• 🚀 Yuga Labs Introduces 'The Workshop' for ApeChain Innovations

• 🐹 Hamster Kombat Unveils Upcoming $HMSTR Airdrop

• 🚀 $11.17M Raise Boosts Gameplay Galaxy’s Valuation to $71M

• Japan Enhances Web3 Efforts with New Tax Policies and Social Solutions (Bitcolumnist)

• Trump's Latest NFTs Top $2 Million in Sales—With Only 5% Sold So Far (Decrypt)

• Vitalik Buterin Has Radical Scheme for the Pseudo-Decentralization of Entire Cities (Cointelegraph)

• MetalCore Season 1: MetalPunks Rhapsody Set for September 12 (NFT Plazas)

• OpenSea Expecting SEC Lawsuit Over NFTs Being Securities, Says CEO (Decrypt)

• FBI Uses NFTs for Victim Restitution in CluCoin Scam (Bitcolumnist)

• Why is the SEC Going After Digital art and Monkey Pictures? Law Decoded (Cointelegraph)

• Stratton Studios, PGA Tour and Chain Games to Launch PGA Tour Rise (NFT Plazas)

• SwapKit and BitPay Unite to Expand Cross-Chain Swaps (Bitcolumnist)

• Adidas Launches Exclusive Doodles Apparel Alongside Pharrell Song (Decrypt)

• Monthly NFT Sales Fall Below $400M, Marking Yearly Low (Cointelegraph)

• Trump Embraces NFTs Again in Latest Merchandise Push (Bitcolumnist)

Trending Collections on OpenSea:

• Courtyard.io [Floor Price - 16.80 ETH]

• egg [Floor Price - 0.18 ETH]

• KIP Protocol Genesis Pass [Floor Price - 0.06 ETH]

Yuga Labs Introduces 'The Workshop' for ApeChain Innovations

BAYC’s Yuga Labs (under CEO, Greg Solano) has created a new division called ‘The Workshop,’ focused on rapidly developing and launching innovative products in their blockchain ecosystem, ApeChain.

• The Workshop will operate in short development cycles of 8 to 12 weeks for fast iteration and quick market entry.

• It is set to embrace a trial-and-error methodology, quickly discontinuing projects that don’t meet expectations.

• ApeChain’s initial rollouts are expected to include tools and content tailored to Yuga Labs’ community, promising utility and engagement.

• Despite facing criticism over community engagement and project pacing (particularly with the Otherside metaverse) Yuga Labs is focusing on improving communication and transparency.

Hamster Kombat Unveils Upcoming $HMSTR Airdrop

Hamster Kombat (a leading Tap-to-Earn game on Telegram with over 300M players) is launching a significant airdrop of $HMSTR tokens on September 26.

• To participate in the airdrop, players must complete specific tasks within the game.

• The airdrop event will distribute 60% of the total $HMSTR tokens to players, marking one of the largest airdrops in the crypto space.

• Players are advised to use trusted wallets and follow detailed steps to link their TON wallets to the Hamster Kombat platform to ensure safe and secure receipt of airdrop tokens.

• Hamster Kombat is also set to introduce new game modes, social features like guilds and in-game chat, and further NFT integrations, showing continuous improvement driven by community feedback.

$11.17M Raise Boosts Gameplay Galaxy’s Valuation to $71M

Trial Xtreme Freedom’s Gameplay Galaxy has secured $11.17M in a seed extension round (co-led by Blockchain Capital and Merit Circle), boosting the company's valuation to $71M and total funding to $24M.

• Unlike typical equity rounds, the round combined equity and token warrants, offering both ownership and the potential appreciation of tokenized assets.

• These funds will support the development of Trial Xtreme Freedom—Gameplay Galaxy’s first blockchain-based game.

• Trial Xtreme integrates Web3 elements like blockchain-based progression and digital asset ownership to simplify onboarding for traditional gamers.

• The capital will also facilitate the company's expansion into new gaming markets and business models.

Today's edition was written by Leah Alger

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